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U.S. Commercial Drones Market to Garner $3.75 Billion by 2030: Allied Market Research

  • 5 days ago

According to the report published by Allied Market Research, the U.S. commercial drones market generated $899.6 million in 2020, and is expected to reach $3.75 billion by 2030, witnessing a CAGR of 15.8% from 2021 to 2030. The report offers a detailed analysis of changing market trends, top segments, key investment pockets, value chain, regional landscape, and competitive scenario.

Download Report (121 Pages PDF with Insights, Charts, Tables, Figures) at https://www.alliedmarketresearch.com/request-sample/7096

United States Commercial Drones Market Report Coverage & Details:

United States Commercial Drones Market Report Coverage & Details:

Report Coverage Details
Forecast Period 2021–2030
Base Year 2020
Market Size in 2020 $899.6 million
Market Size in 2030 $3.75 billion
CAGR 15.8%
No. of Pages in Report 121
Segments covered Type, Application, and Function.
Drivers Technological advancements
Rise in demand for location-based services
Opportunities Increase in application areas for GPS, LiDAR, mapping services, and others
Surge in penetration of smartphones
Restrains Privacy & security concerns

Covid-19 Scenario:

  • Manufacturing activities of commercial drones halted due to lockdown measures implemented across the U.S. Moreover, disruptions in the supply chain and shortage of raw materials presented challenges in carrying out manufacturing with full capacity. Ban on import-export activities also added to challenges.
  • However, the use of drones for surveillance raised a debate regarding privacy and individual rights on mainstream media as well as social media platforms as these drones were utilized for tracking and monitoring the spread in containment zones.

The report offers detailed segmentation of the U.S. commercial drones market based on type, application, and function.

Request for Customization at https://www.alliedmarketresearch.com/request-for-customization/7096

Based on type, the rotary blade drones segment held the highest share in 2020, accounting for more than two-thirds of the total share, and is expected to continue its leadership status during the forecast period. However, the fixed-wing drones segment is projected to witness the largest CAGR of 20.3% from 2021 to 2030.

Based on application, the government segment accounted for the highest share in 2020, contributing to more than one-fourth of the total share of the U.S. commercial drones market, and is projected to continue its dominant share during the forecast period. However, the energy segment is expected to manifest the fastest CAGR of 17.2% from 2021 to 2030.

Continue reading: https://www.globenewswire.com/news-release/2022/01/10/2364194/0/en/U-S-Commercial-Drones-Market-to-Garner-3-75-Billion-by-2030-Allied-Market-Research.html

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