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North America Commercial Drone Market to accrue significant proceeds by 2024

Author : Ronak Bora | Published Date : 2020-11-19 

The research document drafted on North America Commercial Drone/Unmanned Aerial Vehicle (UAV) Market provides an in-depth analysis on this industry with accurate details pertaining to its overall foothold in the global landscape and its application across major end-user industries and sectors.

North America UAV market, as per the given report, recorded a valuation of USD 1.7 billion in 2017, and is likely to exceed USD 7 billion by 2024, exhibiting a growth rate of 23%. The report also envelops crucial information on the current market scenario, emerging technologies, expansive competitive landscape, industry strategies, future growth predictions, and market segmentations.

Request for a sample of this report @ https://www.graphicalresearch.com/request/1022/sample

It also offers an idea about vivid factors that would potentially drive the expansion of this industry over the stipulated time period, along with providing details of the ongoing trends that the North America UAV industry is characterized by. The North America UAV market has aptly been divided on basis of product, technology, application, regional, and competitive landscape.

The autonomous mode of operation of a civilian UAV drone is estimated to be the fastest growing mode of drone in the market with a CAGR of 23.4% in the forecasted period. This can be attributed to the technological advancement and utilization of drone capabilities, such as, with the use of thermal and hyperspectral sensors in flight to capture and experience immersive view from drones.

According to the analysis, the North American UAV market is diversified into U.S, Canada and its analysis has been briefly addressed in the document. The report incorporates a study on various parameters contributing towards the growth of regional markets, along with the ongoing growth opportunities prevalent in every region, their growth rates over the projected timeframe, technologies used, regulatory reforms, and individual market share.

Canada is the fastest growing country in the commercial drone market in the North America region with a CAGR of 27%, due to the government’s take on adoption and exploration of commercial drones to cater innovation with technology in unmanned vehicles. It is estimated that the country utilizes about three- fourth of its drones for recreational purposes and the remaining one fourth in for non-recreational purposes.

The UAV market in North America is highly concentrated and claims presence of vivid companies including Parrot, 3D Robotics, Yuneec International, Cyberhawk Innovations Ltd., Intel and senseFly. The research report lays emphasis on the sales spectrum of each of these companies, their strategies to maintain the foothold in the market, individual company profiles and market share, and position in the global ecosystem.

[TOC Chapters]

Chapter 4.North America Commercial Drone Market Size, by Product, 2013 - 2024

 

  • Fixed Wing Drone
  • Rotary Wing Drone
  • Hybrid Drone

 

Chapter 5.North America Commercial Drone Market Size, by Technology, 2013 – 2024

 

  • Remotely Operated Drone
  • Semi-autonomous Drone
  • Autonomous Drone

 

Browse key industry insights along with Full TOC @ https://www.graphicalresearch.com/table-of-content/1022/north-america-commercial-drone-unmanned-aerial-vehicle-UAV-market

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. [email protected] | https://twitter.com/RonakBora26

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