Country-Niche Players Dominate the Market Constituting ~45% of Total Competitors, Despite the Presence of about ~100 Competitors Comprising Several Regional Players and Global Players, finds a recent market study on the Global Commercial Drones Market by Ken Research
Commercial drones, also known as unmanned aerial vehicles (UAVs), are aircraft designed for commercial and industrial use rather than personal or recreational activities use. They are equipped with flight control computers and sensors that allow them to hover in place as well as create programmed movements, as well as high-definition thermal cameras that allow users to control the drones to view what the drone sees in real-time.
“Ken Research shares 3 key insights on the competitive landscape of this dynamic market from its latest research study”
1. Country-Niche Players Constitute ~45% of the Total Number of Competitors, While Regional Companies Hold ~35% Share in Terms of the Total Number of Players in the Market.
A comprehensive competitive analysis conducted during the Research Study found that the Global Commercial Drones market is competitive with ~100 players, including globally diversified players, regional players, and a large number of country-niche players with their niche sensing technology, including ultrasonic, laser distance sensors, time-of-flight sensors, chemical sensors, and stabilization and orientation sensors, and surveillance techniques, including high-resolution cameras, infrared cameras, thermal detectors, GPS, motion sensor/motion detector, and automated license plate readers. Furthermore, the rapid technological changes and consumer preferences in the market for smart farming or precision agriculture are creating stiff competition among drone companies, particularly since the beginning of COVID-19.
2. Country-Niche Players’ and Organization’s Ongoing Efforts to Provide Advanced Aerial Solutions to End-User Industries Are Driving Their Revenue Growth In This Market.
Detailed comparative analysis of key competitors available within the Research Study shows that numerous aircraft manufacturers, such as AeroVironment Inc., SZ DJI Technology Co., Ltd., Parrot SA, AgEagle Aerial Systems Inc., Yuneec International CO. Ltd, and more are highly focused on providing a significant number of aerial solutions with advanced features, such as Vertical Take-Off and Landing (eVTOL), heat-signature detection, and Real-Time Kinematic (“RTK”) functionality that can be used across end-user industries. Furthermore, numerous companies and organizations are aggressively investing in advanced computation, data analytics, and increased R&D activities.
- In April 2022, DJI launched ‘DJI Mini 3 Pro’, a powerful, lightweight, and portable camera drone that weighs less than 249 g and has advanced features, such as 4K/60fps video, ActiveTrack, tri-directional obstacle sensing, and 90° gimbal rotation to shoot high-quality vertical imaging for social media, while also spanning its flight time to near 30 minutes.
- In March 2020, Aerovironment, Inc. partnered with Dragonfly, a Canada-based aircraft manufacturing company, to distribute Draganfly’s Quantix Mapper hybrid vertical take-off and landing (VTOL) drones and Quantix-related parts and accessories to commercial global markets.
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3. Increasing Government Initiatives, Strategies, and Investments in Healthcare Infrastructure, Notably Supporting Advanced Diagnostic Techniques is Propelling the Commercial Drones Market Growth.
Prior to the Covid-19 pandemic, government-led investment and involvement in infrastructure were relatively limited worldwide, with the industry relying primarily on private funding. The pandemic led governments to concede that the structure needed to be changed. Since 2020, several governments across countries have raised funds for advanced aerial solutions for effective mapping and surveying methods for precise and comprehensive data that can be represented in various configurations. Furthermore, the government’s increasing emphasis on soil conservation, allows farmers or agronomists to use agricultural drones for detecting changes in primary soil composition.
- In August 2022, a bipartisan group of legislators authorize US$ 100 million in competitive grants to use American-made drones to conduct critical infrastructure, maintenance, or construction projects across the country.
- In December 2021, the European Commission announced a plan to implement a Drone Strategy 2.0 in 2022 to strengthen the region’s forthcoming vision for sustainable and smart mobility.
- In November 2021, the U.S. government signed a US$ 1 trillion infrastructure package into law, investing US$ 550 billion in roads, bridges, expanded broadband services, and other projects.
For more information on the research report, refer to the below link:-