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APAC Commercial Drones Market size to cross $15 Bn by 2027
Published Date: 2022-01-13
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APAC Commercial Drones Market size is slated to surpass USD 15 billion by 2027, according to a latest forecast report by Graphical Research.
The market growth is due to the increasing adoption of drones and aerial imaging platform technologies across military and defense applications. Various countries in the region, such as China, India, Australia, etc., are increasingly using advanced drone technologies for military and defense. Furthermore, supportive government initiatives toward developing more innovative and advanced drone technology are providing significant growth opportunities to the market. For instance, in October 2021, the Prime Minister of India stated that India is working on enhancing the use of drones in various sectors such as agriculture, mining, surveillance, transportation, defense, military, and others.
The fixed wing drone segment is projected to grow consistently over the forecast period attributed to the growing adoption of fixed wing drones in various applications such as aerial photography, aerial imaging, mapping, etc. With significant technological developments, companies are developing fixed wing drones with advanced operating efficiencies. Enterprises across diverse geographies are witnessing a demand from diverse industry verticals.
The semi-autonomous drone segment is expected to register 15% CAGR till 2027. This mode of operation constitutes advantages from both the autonomous and remotely operated drones. This makes the semi-autonomous mode a much popular choice of deployment for drone operation than remotely controlled operation owing to the independence the drone technology provides for executing a successful flight. With the addition of some instructions from the operator, it also consists of a remote controller to guide the drones to fly in the air. Several educational institutions along with private technology enterprises are developing semi-autonomous drones for monitoring applications and aiding the public agencies.
Browse detailed statistical insights from the report, “Asia Pacific Commercial Drone Market Forecast 2027 By Type (Fixed Wing Drone, Rotary Blade Drone, Hybrid Drone), By Mode of Operation (Remotely Operated, Semi-autonomous, Autonomous), By Application (Aerial Photography, Agriculture, Emergency Management, Inspection & Monitoring, Remote Sensing & Mapping, Wildlife Research & Preservation), Market Forecasting, In-Store AI & Location Optimization, Data Science), Research Report, Country Outlook (Australia, India, China, Japan, South Korea), COVID-19 Impact Statistics, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share” along with the table of contents (ToC) @
The agriculture segment dominated over 20% market share in 2020 owing to increasing investments in the agriculture sector for the adoption of advanced technology. Drones are transforming the agriculture sector into a data-driven industry. Drones help in increasing the yields and productivity of the crops. They can also be used for generating time series animations, showcasing step-by-step development of crop production. Such analysis will help in identifying inefficiencies in the farm and can lead to better crop management.
Japan commercial drones industry will cross USD 2 billion by 2027 on account of solid research and development capability, which helps the country in strengthening its technology’s economic importance. Major drone providers in Japan are using machine learning, AI, and IoT to bring a dramatic change in agriculture, construction, and transports sectors. The agriculture segment in Japan has promising potential for aerial imaging technology adoption. The companies in the region are also competing to develop new high-tech drones for enhancing their existing capabilities. For instance, in September 2020, Japan Airlines partnered with Matternet for drone delivery business in Japan. Through this partnership, Japan Airlines has deployed the Matternet’s M2 drone system in the drone logistic business development project of Tokyo.
The APAC commercial drones market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2016 to 2027 for the following segments:
Asia Pacific Market, By Type
- Fixed wing drone
- Rotary blade drone
- Hybrid drone
Asia Pacific Market, By Mode of Operation
- Remotely operated drone
Asia Pacific Market, By Application
- Aerial photography
- Emergency Commercial
- Inspection and monitoring
- Remote sensing and mapping
- Wildlife research and preservation
The above information has been provided for the following countries:
- Asia Pacific
- South Korea