U.S. Commercial Drones Market Expected to Reach $3.75 Billion by 2030-Allied Market Research

According to a recent report published by Allied Market Research, titled, “U.S. Commercial Drones Market by Type, Application and Function: Opportunity Analysis and Industry Forecast, 2021–2030,” the U.S. Commercial Drones market was valued at $899.6 million in 2020, and is projected to reach $3,755.0 million by 2030, registering a CAGR of 15.8% from 2021 to 2030.

Aircrafts that have the capability to fly autonomously with the help of an embedded program or which can be remotely operated from ground by a pilot are called as drones. Commercial drones are unmanned aerial aircrafts that are designed for commercial applications such as risk mitigation, resource planning, research & excavation, urban planning, engineering, farming management, tourism, aerial imaging, LiDAR applications, cargo management, weather monitoring, traffic control, green mapping, and others. These applications are utilized by several sectors such as agriculture and environment, media & entertainment, energy, government, and others, as business solutions.

The key companies operating in the industry have carried out numerous developments, which has created ample opportunities for the growth of the market across the country. In addition, continuous demand for aerial view at locations out of human reach has also fueled the growth of the market across the U.S.

The U.S. commercial drones market has been segmented on the basis of type, application and function. By type, the market has been segmented into fixed wing drones, rotary blade drones and hybrid drones. By application, the market has been segmented into agriculture & environment, media & entertainment, energy, government, construction & archaeology and others. By function, the market has been segmented into connectivity, services and solutions.

Key Findings Of The Study

• Depending on type, the fixed wing drones segment is anticipated to exhibit significant growth in the future.
• Depending on application, the energy segment is anticipated to exhibit significant growth in the future.
• Depending on function, the connectivity segment is anticipated to exhibit significant growth in the future.

Covid-19 Impact Analysis

• COVID-19 is an infectious disease that originated in Hubei province of the Wuhan city in China in late December. The highly contagious disease, caused by a virus, severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2), is transmitted from human to human.
• The outbreak of COVID-19 pandemic led to partial or complete shutdown of production facilities, which do not come under essential goods, owing to prolonged lockdown in major countries such as the U.S., China, Japan, India, and Germany.
• The dramatic change in passenger behavior that followed the COVID-19 crisis, travel constraints, and the subsequent economic crunch caused an intense fall in demand for airline services globally. With the increasing number of active cases across different locations, containment zones were made where the infected people were isolated.
• The introduction of drones at this time of crisis is reducing the risk of infection among police officials and other staff, as drones enable monitoring of vast area without physical engagement.
• However, the use of drones for surveillance raises a debate about privacy and individual rights on mainstream media as well as social media platforms. Conversely, this did not create any sort of impact on the usage of drones.

The key players profiled in the U.S. commercial drones market are AeroVironment Inc., American Robotics Inc., Aeryon Labs Inc., Insitu Inc., Leptron Unmanned Aircraft Systems, Inc., PrecisionHawk Inc., Trimble Inc., 3D Robotics, GoPro Inc. and Skydio.