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North America Commercial Drone/Unmanned Aerial Vehicle (UAV) Market - A USD 7 Billion Opportunity by 2024

Author : Ronak Bora | Published Date : 2020-09-28 

The market analysis on North America Commercial Drone/Unmanned Aerial Vehicle (UAV) Market provides a holistic view on the overall industry along with laying significant focus on crucial details pertaining to its foothold in the global economy and its applications across multiple end-user industries and sectors.

According to the given report, the North America commercial drone/unmanned aerial vehicle industry recorded a valuation of USD 1.7 billion in 2017 and is further anticipated to surpass a mammoth of USD 7 billion by the end of 2024, while depicting a CAGR of 23% through 2024. Besides, the study also includes information on the current market scenario, developing technologies, widely spread competitive landscape, future growth prospects, tactics undertaken by market rivals, and vivid market segmentations.

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

The research report also lays emphasis on the fundamental factors that are propelling the market growth over the foreseeable period, along with offering elaborative details of the trends that the industry is characterized by.

The overall North American commercial drone/unmanned aerial vehicle industry market is divided on the basis of various product, technology, application, regions, and competitive landscape spectrums.

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.

The North America commercial drone/unmanned aerial vehicle industry is diversified into U.S., Canada and its analysis has also been addressed in the document. The report incorporates analysis on various factors supporting the growth of regional markets, along with the trending 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 overall commercial drone/unmanned aerial vehicle industry in North America is highly consolidated and claims presence of companies like Parrot, 3D Robotics, Yuneec International, Cyberhawk Innovations Ltd., Intel and senseFly whose individual market shares and company profiles have been enlisted in the report. Moreover, the analysis also includes the firms’ strategies and their stance in the global landscape.

[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 Graphical Research:

Graphical Research is a business research firm that provides industry insights, market forecast and strategic inputs through granular research reports and advisory services. We publish targeted research reports with an aim to address varied customer needs, from market penetration and entry strategies to portfolio management and strategic outlook. We understand that business requirements are unique: our syndicate reports are designed to ensure relevance for industry participants across the value chain. We also provide custom reports that are tailored to the exact needs of the customer, with dedicated analyst support across the purchase lifecycle.

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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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