Commercial Drone Market Projected To Be Worth .16 Billion By 2030: Grand View Research Inc.Posted by Sona Kulkarni on January 29th, 2024 Commercial Drone Market Growth & TrendsThe global commercial drone market size is expected to reach USD 57.16 billion by 2030, expanding at 13.9% CAGR from 2023 to 2030, according to a new report by Grand View Research, Inc. The growth is attributed to the rising demand for commercial drones across various verticals, such as media and entertainment, agriculture, logistics, security, law enforcement, and real estate. Most end-use verticals include a significant portion of operational activities that are expected to benefit notably from drones due to the automation of business operations. The growing proclivity for the 5G delivery model and implementing cloud computing technologies into the drone is expected to provide substantial growth opportunities for the commercial drone industry. Drones based on high-speed internet interact in challenging environments while performing tasks such as command and control, media sharing, and autonomous flying. In May 2023, Nokia launched a CE-certified, 5G drone-in-a-box solution designed to meet organizational demands, including smart cities, public safety agencies, construction, energy, and defense. The Nokia Drone Networks connect over public and private 5G and 4G/LTE networks to improve situational awareness for first responders as well as other professionals. The continued technological advancements are expected to shape the commercial drone industry's outlook in the coming years. Drones have evolved from offering only the basic controls to 3D robotics, AI, Gimbals, safety modes, carrying capacity, high-quality video, etc. High-end drones equipped with in-build protections and compliance technology, self-monitoring capabilities, and smart precision sensors are expected to create new opportunities in the commercial sectors. Request a free sample copy or view report summary: Commercial Drone Market Report Commercial Drone Market Report Highlights
Access Press Release@ https://www.grandviewresearch.com/press-release/commercial-drone-market Commercial Drone Market Segmentation Grand View Research has segmented the global commercial drone market based on product, application, end-use, propulsion type, range, operating mode, endurance, maximum takeoff weight, and region: Commercial Drone Product Outlook (Volume, Thousand Units; Revenue, USD Million, 2018 - 2030)
Commercial Drone Application Outlook (Revenue, USD Million, 2018 - 2030)
Commercial Drone End-use Outlook (Revenue, USD Million, 2018 - 2030)
Commercial Drone Propulsion Type Outlook (Revenue, USD Million, 2018 - 2030)
Commercial Drone Range Outlook (Revenue, USD Million, 2018 - 2030)
Commercial Drone Operating Mode Outlook (Revenue, USD Million, 2018 - 2030)
Commercial Drone Endurance Outlook (Revenue, USD Million, 2018 - 2030)
Commercial Drone Maximum Takeoff Weight Outlook (Revenue, USD Million, 2018 - 2030)
Commercial Drone Regional Outlook (Volume, Thousand Units; Revenue, USD Million, 2018 - 2030)
List of Key Players in the Commercial Drone Market
About Grand View Research Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare. Like it? Share it!More by this author
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