Semiconductors & Electronics Industry Commercial Drone Market Research Report, 2022 | Page 3

Hexa Research Fact-based market research, penetrating industry insights and validated forecasts to help you make better decisions for a stronger future - North America captured majority of the market share and dominated the regional demand owing to high production and increasing applications in commercial sectors. Asia Pacific was valued at USD 117.8 million in 2014. The region is expected to witness significant growth due to prominent use of drones for agricultural purposes. - Agriculture accounted for 24.13% of the overall industry share in 2014. It is projected to be valued at USD 557.8 by 2022 owing to crop monitoring activity for enhancing yield. Government sector was value at USD 245.4 million in 2014. It is likely to reach USD 846.1 million by 2022 growing at a CAGR of 15.6 % from 2015 to 2022 over the forecast period. - The commercial drone industry consists of top three participants occupying majority of the industry share. DJI Innovations dominated the industry with over 43% share in 2014. Key industry players encapsulate Parrot SA and AeroVironment Inc among others. Browse Related Category Market Reports@ https://www.hexaresearch.com/research-category/electronic-security-systems-industry About Us: Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives. Contact Us: Ryan Shaw Hexa Research Felton Office Plaza 6265 Highway 9 Felton, California 95018 United States Contact: [phone] Email : [email protected] Website: http://www.hexaresearch.com/