2015-2021 Smart Commercial Drone Market Forecast: $27.1 Billion by 2021

By: | September 26th, 2015

Commercial Drone Market: DJI_Phantom_2_Vision+_V3_hovering_over_Weissfluhjoch

Commercial Drone Market: DJI_Phantom_2_Vision+_V3_Hovering_Over_Weiss (Image Courtesy www.wikipedia.org)

According to Market Research Reports (MRR), the smart commercial drones market, valued at $3.4 billion in 2014, is expected to jump to $27.1 billion by 2021, an increase of nearly 800%.

A summary of the report shows MRR analyzed the following market segments that comprise the smart commercial drone market:

  • Agriculture
  • Oil & Gas
  • Border Patrol
  • Law Enforcement
  • Homeland Security
  • Disaster Response
  • Package Delivery
  • Photography
  • Videography

According to MRR, commercial-grade consumer video drones currently make up the largest revenue segment in this market and is expected to remain the biggest segment through 2021.

A partial list of additional MRR findings indicates:

  • All segments will benefit from better technology, especially high-quality video cameras.
  • Improvements expected in coming months and years include greater stability, reliability, navigation, soft landings, longer flight times, and increased capacity and variety of payloads.
  • Drones will continue to become smarter as they have more sensors and increasingly sophisticated software to allow automated responses to their environments.
  • Drones will become “flying computers,” making them smarter, easier to fly, and more maneuverable, even when flying in remote areas. Drones will also have more advanced cameras and camera management.
  • Drones will increase productivity in many situations, leading to billions of dollars in economic growth.
  • Drones will be increasingly seamlessly and securely linked to the Internet for data upload and download.
  • Drones will be capable of autonomous takeoff, flight, and landing, all controlled remotely.

For more information visit Market Research Reports.

David Russell Schilling

David enjoys writing about high technology and its potential to make life better for all who inhabit planet earth.

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