analysts forecast the global commercial drones market to grow at a CAGR
of over 36% during the forecast period, according to their latest
market research report.
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Technavio has published a new market research report on the global commercial drones market from 2018-2022. (Graphic: Business Wire)
The demand for drone delivery services is one of the major trends being
witnessed in the global
commercial drones market 2018-2022. Several vendors have started
experimenting with drone delivery services due to the easing of various
rules and regulations associated with commercial drones. These vendors
utilize drones to deliver packages to the customers.
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market snapshot before purchasing
According to Technavio analysts, one of the key factors contributing to
the growth of the global commercial drones market is the increasing
investments in commercial drones:
Global commercial drones market: Increasing
investments in commercial drones
There is an increase in the investments in commercial drones due to the
increased applicability of commercial drones in various fields and
verticals. The major factor contributing to the increase in investments
in commercial drone sector include the increasing demand for commercial
drones from North America.
According to a senior analyst at Technavio for research on life science
research tools, “In 2017, the number of commercial drones in North
America grew by 58% when compared with 2016. As a result, more venture
capitalists and other angel investors are continually investing in
various commercial drone providers.”
Another major factor driving the growth of the market is the access to
better data insights using commercial drones. The rising demand for
improved data along with effective data insights that commercial drones
provide is driving the growth of the market. Due to the steady rise in
the adoption of commercial drones and the global expansion of vendors,
more enterprises are using drones.
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Some of the key topics covered in the report include:
Five Forces Analysis
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