Asia Pacific Commercial Drone Market Revenue to Exceed USD 5 Billion by 2024

The research report on Asia Pacific Commercial Drone Market provides an in-depth analysis of this industry with pivotal details subject to its overall position in the global landscape and its applications across various end-user sectors.

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As per the report, Asia Pacific commercial drone market size in 2017 was assessed to be over 40 thousand units with the market revenue of more than USD 800 million and is projected to grow at a CAGR of 27% over the forecast period. In addition to this, the study also encompasses crucial information on the current market scenario, evolving technologies, widespread competitive landscape, growth prospects, industry tactics, and vivid market segmentations.

Moreover, the report also offers insight to various factors that would potentially drive the growth graph of the industry over the foreseeable time period, along with delivering minute details on the ongoing trends that the Asia Pacific commercial drone industry is characterized by. The Asia Pacific commercial drone market, as per given report, is fragmented on basis of regions, and competitive landscape.

Aerial photography is anticipated to be the most lucrative application of the drones in the Asia Pacific region. It accounted for a stake of over 30% in the market. The growth of the market is credited to the growing adoption of the drones for aerial photography and imaging purposes. The drones are widely being used for filming, videography, and photography in media & entertainment companies due to their cost-effectiveness, convenience, and ease of use.

 The overall Asia Pacific commercial drone industry is diversified into various regions and economies including UK, Germany, France, Italy, Spain, Netherlands, Russia and its complete analysis has been enclosed in the report as well. It lays focus on various factors supporting the growth of regional markets in tandem with trending growth opportunities existing in every region, their individual growth rates, technologies being used, stringent regulatory reforms, and much more.

The Indian commercial drone market is predicted to attain a growth rate of over 32% during the forecast timeline. The market is driven by government initiatives to legalize the use of drones for commercial applications. For instance, in October 2017, the Directorate General of Civil Aviation (DGCA), the country’s aviation regulatory body unveiled draft norms for the utilization of commercial drones. Furthermore, increasing start-ups and venture capital investments in the region also foster the market growth.

 

Taking into account the competitive landscape, Asia Pacific commercial drone industry is highly consolidated and boasts of presence of companies like Zipcar, Car2Go, BleuSG, Car Club, WhizzCar, Tribecar, and Smove other industry participants. The report includes details on sales spectrum of each of these firms, their strategies to sustain their position in the market, individual company profiles and market share, and position in the overall ecosystem.

Table of content:

Chapter 3.Industry Insights

  • Industry segmentation
  • Industry ecosystem analysis
  • Industry impact forces
    • Growth drivers
    • Growth restraints
  • Regulatory overview
  • Porter’s analysis
  • PESTEL analysis
  • Competitive landscape, 2017

 

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