The commercial drone market is experiencing steady, sustained growth and consolidation, with global revenue expected to reach USD13.7 Billion by 2025, according to US market researchers Tractica. The study forecasts unit shipments will rise from just over 500,000 in 2019 to 1.5 million in 2022.
“The demand for commercial drones is being driven by such factors as expanding industry use cases, affordable hardware and services, high definition (HD) aerial imaging and sensing, integrated data intelligence, and the rapid ROI that drones provide to major industries,” said the company in a press release. “Tractica forecasts that the commercial drone market will continue growing rapidly over the next few years while providing significant opportunities to various industry participants, reaching global revenue of USD13.7 billion by the end of 2025.”
“The commercial drone market is focusing on core solutions where drones clearly excel,” says senior analyst Glenn Sanders. “The ability to demonstrate such effective solutions is the key determinant of which companies are likely to achieve long-term leadership and which may fall by the wayside. Now is the time for the companies to perfect their products and gain momentum, mindshare, and market share.”
Tractica’s report, “Drones for Commercial Applications”, examines the market and technology issues surrounding commercial drones and presents eight-year revenue forecasts for the industry from 2018 to 2025. The report discusses crucial market drivers, challenges, and regulatory issues, in addition to assessing the most important technology issues that will influence market development.”
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