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(IT-NEWSWIRE.COM, October 22, 2019 ) Market Overview:
An unmanned aircraft or ship that can navigate autonomously, without human control or beyond the line of sight. A drone is made from different light composite materials to increase maneuverability while flying and reduce weight. It can be equipped with a variety of additional equipment, including cameras, GPS guided missiles, Global Positioning Systems (GPS), navigation systems, sensors, and so on.
Market Dynamics:
The Commercial Drone market growth is primarily driven by the rising use of drones in a variety of commercial services. With the advancement in the technology the rise in the technology for the development of the advanced drone has been undertaken with the use of AI. Most of the countries are investing or have developed drones with advanced features and technology for various servicing. For instance, in 2018, Skydio, an autonomous drone startup based out of Redwood City, California, unveiled a product today that it’s been working on for four years. The R1, as it’s called, is an artificial intelligence-powered quadcopter capable of shooting 4K video of a subject and maneuvering complex environments all on its own. Using industry advancements in AI to help train a custom computer vision system, Skydio developed a product that’s effectively the first professional-grade drone that can be flown without any expertise.
However, the stringent regulations by the government and the adoption of the aerial images from the satellite are some of the factors that will hinder the growth of the Commercial Drone market for the forecast period.
Market Segmentation:
By Product, the Commercial Drone market is segmented into Fixed-Wing, Rotary Blade, and Hybrid.
By End-Use, the Commercial Drone market is segmented into Agriculture, Delivery & Logistics, Energy, Media & Entertainment, Real Estate & Construction, Security & Surveillance, and Others.
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Geographical Analysis:
Geographically, the market is divided into North America, Europe, South America, Asia-Pacific and the Middle East and Africa.
North America holds the largest market share for Commercial Drone Market, a due to increasing demand for the use of Commercial Drone in all the various sectors such as agriculture, media & entertainment, and others. With the growing demand there are huge investment in the region for the development of the drones.
Europe is after North America in terms of market share in the Commercial Drone market, due to favorable regulations by the government. With the growing use of the drone in the construction and the agriculture area will drive the market for the commercial drones in the forecast period.
Asia-Pacific will be growing with the highest CAGR for the commercial drones in the next few years. China is the major contributor to the Asia-Pacific market.
Competitive Analysis:
The major players include SZ Dajiang Innovations Technology Co. Ltd, 3D Robotics Inc., AeroVironment Inc., Parrot S.A., and Yuneec International Co. Ltd. Other key players in the market include General Atomics, Lockheed Martin Corporation, Northrop Grumman Corp., Boeing, and China Aerospace Science & Technology Corporation.
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Sai Kiran
Sales Manager at Data M Intelligence
Email: pr@datamintelligence.com
Tel: +1 877 441 4866
Website: www.datamintelligence.com
DataM Intelligence
Sai Kiran
+1 877 441 4866
pr@datamintelligence.com
Source: EmailWire.Com 
Source: EmailWire.com
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