In 2022, the market for enterprise drone management systems is anticipated to be worth US$10,843.3 million. It is anticipated to have tremendous growth at a CAGR of 17% throughout the forecast period, reaching US$ 52,295.6 million in 2032.
In order to double crop output, drone management solutions have become more necessary in precision farming. Through technological advancement and innovation, the performance of the market as a whole is further optimised, increasing its use in downstream applications.
However, due to restrictions imposed by regulations, market growth is likely to be hampered. Contrarily, it is projected that the widespread use of autonomous drones and the incorporation of the Internet of Things (IoT) would open up opportunities for enterprise drone management systems.
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Enterprise Drone Management solution Market: Drivers and Restraint
According to studies, the emerging global market for business services using drones is valued at over $127 bn. Global Commercial Drone Market is projected to grow at a CAGR of over 27% during 2016-2021. In 2015, North America and Europe cumulatively accounted for a market share of more than 60% in the global commercial drone market.
Growth in the commercial drone market is largely dependent on policy and regulatory framework in various major developing and developed countries across the globe. Over the next decade, rapidly evolving drone technology is expected to transform the conventional way of doing business in various sectors.
Evolving regulatory policy framework, increasing commercial applications of drones across various end-use sectors, coupled with advancements in drone technologies are projected to propel growth in global commercial drone market in the ensuing years.
Key Market Players of the Enterprise Drone Management Solutions Market
- DroneDeploy – It provides a cloud software platform for commercial drones. It enables businesses to collect, manage & interpret drone data, and also features imagery & analysis, 3D modeling & other capabilities from multiple drones remotely.
Also offers a flight app compatible with iOS & Android devices to capture maps, photos, panoramas, and videos. It has applications across different industries, including agriculture, construction, mining, inspection, and surveying.
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Enterprise Drone management solution market: Region wise outlook
With US being the largest market for commercial drones, the civil aviation body of the US, Federal Aviation Administration, has constantly been making amendments in policies and regulations for use of commercial drones in the country. Moreover, frequent modifications in the regulatory policies by European Aviation Safety Agency (EASA) over the last few years has also been positively influencing the drone industry.
Asia Pacific stands to witness high proliferation of commercial UAVs over the forecast period. Countries such as Japan and Australia have emphasized on the use of UAVs in agriculture.
With US being the largest market for commercial drones, the civil aviation body of the US, Federal Aviation Administration, has constantly been making amendments in policies and regulations for use of commercial drones in the country. Moreover, frequent modifications in the regulatory policies by European Aviation Safety Agency (EASA) over the last few years has also been positively influencing the drone industry.
Asia Pacific stands to witness high proliferation of commercial UAVs over the forecast period. Countries such as Japan and Australia have emphasized on the use of UAVs in agriculture.
Key Segments Profiled in the Enterprise Drone Management SolutionsMarket Survey
By Application:
- Agriculture
- Aerial Surveillance
- Disaster Relief
- Oil & Gas Exploration
- Environment Monitoring
- Production
- Manufacturing
- Supply Chain & Logistics
By Region:
- North America
- Latin America
- Asia Pacific
- MEA
- Europe
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Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10 years.
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