Civil Drones Market Growth Report and Outlook to 2027 – 3D Robotics, AeroVironment, Aeryon Labs, Insitu

The global civil drone market was valued at US$ 6.56 Bn in 2018 and is expected to reach US$ 21.61 Bn by 2027 with a CAGR growth rate of 14.3% in the forecast period from 2019 to 2027.

Drones offer cost savings with wide view of inaccessible and otherwise tough and difficult to navigate locations. The civil drones are capable of carrying loads on long distances and have HD cameras that enables them to record terrain and make great aerial photos. These drones are also utilized for surveying, mapping and inspection application.

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The Civil drones market is anticipated to grow in the forecast period owing to driving factors such as rising demand for drones in agriculture and increasing demand for drone service. Moreover, drone logistics is expected to stimulate civil drone market in the future.

Leading key Market players Mentioned in the Report:-
• 3D Robotics, Inc.
• AeroVironment, Inc.
• Aeryon Labs Inc.
• Insitu Inc.
• Leptron Unmanned Aircraft Systems, Inc.
• Parrot SA
• PrecisionHawk Inc.
• QuestUAV
• SZ DJI Technology Co., Ltd.
• Yuneec International Co. Ltd.

The reports cover key developments in the Civil Drones Market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market payers from Civil Drones Market are anticipated to lucrative growth opportunities in the future with the rising demand for Civil Drones Market in the global market.

The global civil drones market is segmented on the basis of type, platform, application, and end-user. Based on type, the market is segmented as Fixed Wing Drone and Rotary Wing Drone. On the basis of the platform the market is segmented as hardware, software, and service. Further, based on application, the market is divided into Aerial Photography, Surveying, Mapping, Inspection, and Others. Furthermore, on basis of end-user, market is segmented as agriculture, real estate/infrastructure, energy & power, and others.

The research thoroughly establishes critical market drivers, well-identified restraints, future opportunities, and ongoing trends of the market with essential statistics to provide precise data in terms of value and volume. The report focuses on the competitive landscape along with the SWOT analysis of some leading company profiles that have a significant impact on global market practices.

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The report analyzes factors affecting Civil Drones Market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the Civil Drones Market in these regions.

Potential Benefits For Stakeholders:
- The report provides an in-depth analysis of the Civil Drones Market and offers current and future trends to identify lucrative investment pockets in the market.
- The report identifies the key drivers, opportunities and restraints that shape the market and provides an impact analysis for the forecast period.
- Porter’s five forces analysis highlights the potency of buyers and suppliers participating in this market. This would further offer a competitive advantage to stakeholders in making profitable business decisions; thus, helping them to strengthen their supplier and buyer networks.
- Current and future trends are outlined to determine the overall attractiveness and highlight the profitable trends in order to gain a stronger foothold in the market
- Market estimation of geographic segments is derived from the current market scenario and expected market trends.

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This release was published on openPR.