Smart Agriculture Market 2021 Outlook, Development Factors, Latest Opportunities & Forecast

 Global Smart Agriculture Market Latest Trends 

 

The global smart agriculture market is projected to reach USD 20,635 million by 2026 growing at a CAGR of more than 14% from 2019 to 2026, as per a new research report published by Polaris Market Research. The report ‘Smart Agriculture Market, [By Component (Hardware, Software, Services); By Application (Precision Farming, Yield Monitoring, Soil Monitoring, Irrigation System, Fish Farming, Horticulture, Livestock Monitoring, Smart Greenhouse, Others); By Region]: Market Size & Forecast, 2019 – 2026’ offers a wide analysis of different applications in smart farming along with insights related to current and future trends in the market.

 

During the last decade, the agriculture industry has undergone enormous transformation due to ever increasing demand for sustainable practices in farming. Multiple companies are involved in developing sustainable solutions and systems for farming. Also, it is observed that due to benefits of smart agriculture solutions, farmers gain the capability to improve yield via optimizing inputs and well-organized management of their farms. These factors have collectively resulted in rapid deployment of the smart farming solutions in various applications. Consequently, significant growth is anticipated in this market owing to the attractiveness of well suited and smart agriculture solutions over the risks associated with traditional farming methods.

 

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Growth in population, and increasing preference towards automation of farm operations is expected to further support the market growth. The need for automation in faming operations is driven by the capability of improvement in produced crop quality, maximization of crop production, and enhanced productivity. Increased necessity to monitor livestock, along with the need to minimize the use of pesticides and fertilizers further boosts the adoption of smart agriculture. Other factors driving the growth of smart farming market include growth in the global agricultural industry, reducing availability of labour, and high labour costs. However, high initial investment costs associated with adoption of smart agriculture systems might restraing the growth in this market. Demand from emerging economies coupled with technological advancements are factors expected to present numerous opportunities for the growth in smart farming market during the forecast period.

 

North America accounted for the highest revenue share among all regions in the smart farming market during 2018. This is primarily due to high market penetration in U.S. and is further supported by extensive R&D activities by companies and presence of proper regulatory environment in this region. The different components used in precision farming include hardware, software, and services. During 2018, the hardware component segment accounted for the largest share in this market due to popularity and demand of hardware components such as Automation & control systems, sensing devices, LED grow lights, and HVAC systems which are widely used in farms to increase crop yield and improve productivity.

 

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Some of the key players profiled in the smart farming market report include AG Leader Technology, AGCO Corporation, Trimble Inc., Precision Planting, Inc., AgJunction, Inc., Agribotix LLC, Deere & Company, The Climate Corporation, Autonomous Solutions, Inc., Drone Deploy, Raven Industries, CLAAS KGaA mbH, and CNH Industrial. Due to presence of higher amount of small and medium sized companies along with the large enterprises operating in this space, the market is observed to be highly fragmented.

 

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Hand Dryer Market Size, SWOT Analysis, Growth Outlook, By Top Key Players

 Hand Dryer Market Global Market Overview: 2026 

The global hand dryer market is anticipated to reach around $1,930 million by 2026 according to a new research published by Polaris Market Research. In 2017, the jet air hand dryer segment dominated the global market, in terms of revenue. Europe was the leading contributor to the global market revenue in 2017.

 

Growing concerns regarding environment, increasing need to reduce energy consumption, and growing need for energy efficient equipment support the growth of hand dryer market during the forecast period. There has been an increasing demand of hand dryers from hotels and restaurants, airports, shopping malls, railway stations, and commercial buildings among others has increased adoption of hand dryers in the recent past. Additionally, energy efficient buildings and need to reduce operation costs would boost growth during the forecast period. Other factors supporting market growth include growing need to reduce wastage of water and paper, increasing awareness, and technological advancements. Furthermore, increasing investments by vendors in technological advancements coupled with research and development further boost the hand dryer market growth.

 

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The demand for advanced and energy efficient hand dryers has increased over the years owing to increasing energy concerns, and environment consciousness across the globe. The increasing awareness among consumers regarding use of energy efficient and smart technology further boosts the adoption of hand dryers. The rising awareness regarding use of eco-friendly solutions, development of smart infrastructure, and increasing adoption of energy efficient buildings are factors expected to promote the hand dryer market growth during the forecast period.

  

Europe generated the highest revenue in the hand dryer market in 2017. The increasing awareness among consumers regarding use of energy efficient equipment, and growing development of energy efficient buildings drive the market growth in the region. Consumers are adopting hand dryers to increase energy efficiency, and reduce operation costs. Numerous key players have adopted partnership and expansion strategies to increase their market share in the markets of the European region.

 

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The major players in the hand dryer market includes Dyson Ltd., Mitsubishi Electric Corporation, Jaquar & Company Pvt Ltd, American Dryer, Inc., Panasonic Corporation, Excel Dryer, Inc., Bradley Corporation, Saniflow Corporation, World Dryer Corporation, and Bobrick Washroom Equipment, Inc. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.

Immuno Oncology (I-O) Market Size, Key Company Profiles, Types, Applications And Forecast

 The report “Immuno Oncology (I-O) Market Size, Trends, Industry Analysis By Treatment Approaches (Monoclonal Antibodies, Therapeutic Vaccines, Checkpoint Inhibitors, and Cytokines); By Novel Targets (IDO1i, LAG-3 CPI, oncolytic virus, STING agonist, TLR agonist, HDACi, TIL, VEGFi, MEKi, TIGIT, CPI, GITR agonist, TGF-b trap, and A2AR antagonist/CD73i); By Tumor Types; By Region: Market Size & Forecast, 2020 – 2026” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The global immuno-oncology market size is expected to reach USD 38.89 billion by 2025 according to a new study by Polaris Market Research. Immuno-oncology, also called as cancer immunotherapy is a biologic treatment, which enhances the body’s natural defenses to stop the growth of cancer. This therapy uses constituents made by the body or in a research laboratory to improve or reestablish the immune system function.

Immuno-oncology represents an innovative approach to cancer research that seeks to harness the body’s own immune system to fight tumor cells. Currently, world is at the forefront of this science with several compounds in development that are being investigated for use in a variety of cancers, as well as an approved immuno-oncology medicine that continues to be studied for new uses. The more precise targeting of patients for selected therapies is another important area of focus in oncology. Clinical biomarkers and pharmacogenomic studies are increasingly used to identify groups and sub-groups of patients most likely to benefit from an investigational agent in order to maximize its potential benefits.

 

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Some of the key players operating in global immuno-oncology market are Bristol Myers Squibb, Merck, AstraZeneca, Roche Holding AG, Pfizer Inc., and Incyte Corporation among others.

 

The global immuno-oncology market is driven by the factors such as rising occurrence of different forms of cancer, technological advancements in the field of immune oncology for cancer treatment, and rising awareness concerning the benefits of ablation procedures over conventional treatment procedures. Moreover, rising number of ablation centers, surgical centers, and hospitals are driving the growth of tumor ablation market globally. Additionally, the developments in oncology treatments, leading to the increased development of pioneering products are also advancing towards significant growth of the global Immune Oncology market.

 

The increasing trend was also seen in the research in the novel agents and increase in the number of clinical trials in combinations as well as monotherapy. The most notable new agents in Immuno-Oncology are IDO’s, LAG-3, TIGIT, TIM-3, VISTA, KIR, NKG2A, B7-H3/H4. The Report has also emphasized on the Oncolytic viruses, Neo-Antigen therapies, TCR Therapies and CAR-T therapies.

 

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On the basis of treatment type, the global immuno-oncology market is segmented into Monoclonal Antibodies, Therapeutic Vaccines, Checkpoint Inhibitors, and Cytokines. Checkpoint inhibitors were the largest treatment process segment in 2019 that accounted for 55.2% of the overall revenue. On the basis of novel targets, the global market is segmented into IDO1i, LAG-3 CPI, oncolytic virus, STING agonist, TLR agonist, HDACi, TIL, VEGFi, MEKi, TIGIT, CPI, GITR agonist, TGF-b trap, and A2AR antagonist/CD73i. VEGFi was the largest novel target segment that was used for immuno-oncology treatment processes in 2019 with a total market share of 11.2%. on the basis of cancer type, the global immuno-oncology Market is segmented into Melanoma, Non-Small Cell Lung Cancer, Renal Cell Carcinoma, Head, face & Neck Cancer, Bladder Cancer, Classical Hodgkin’s Lymphoma, Merkel Cell, and carcinoma. Revenue share of immuno-oncology treatment for classical hodgkin’s lymphoma was the largest in 2019 i.e. 15.31% among the listed tumor types in the report.

 

On the basis of geography, North America was the largest regional market in 2019. High levels of spending on cancer treatments, also U.S. being one of the major country y with a huge population of cancer affected people on a global scale, the country being the host to the development of this technology, higher frequency of innovations of immuno oncology treatments or processes in the region specially in the U.S. etc., all of these factors have driven significant investment and alongside the demand for IO in the region. These factors have driven the North American market since the inception of this technology and over the forecast period it is expected to increase further.

 

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Blockchain Technology Market Size, Key Company Profiles, Types, Applications And Forecast

 The Global Blockchain Technology Market Is Anticipated To Reach USD 16.82 Billion By 2026 according to a new study published by Polaris Market Research. Also termed as Distributed Ledger Technology (DLT), blockchain enables secure transaction over a distributed network. Since the transactions are taken place usually over the network, it is difficult to reverse the transaction history. Blockchain also eliminates the need of third-party verifications since the ledgers are shared by all the parties over the distributed network. These are some of the major factors for adoption of blockchain technology.

 

Blockchain technology is currently being adopted majorly by the financial institutions due to its benefits such as reduced infrastructural costs for reconciling statements, data management settlements etc. It has also been proven beneficial to increase the transactional speed by eliminating the need of trusted third party. Bitcoin uses cryptography for securing its ledgers, thus ensures high security platform for the transactions.

 

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Adoption of blockchain is not limited to the financial sector, however it is being implemented across different verticals. For example, with blockchain’s extended support for Internet of Things (IoT), the technology and telecom vertical is implementing blockchain for initiating a better coordination between different devices. This sector is also benefitting from blockchain because of its feature to eliminate the processing fees which gets levied by third parties. Healthcare vertical is also focusing on blockchain for securing its important and sensitive data and documents and for securing its digital assets. 

 

The adoption of blockchain can be clearly seen in the North America followed by Europe at a fast pace. However, the market for blockchain is gaining traction in Asia Pacific region owing to the developing economies such as India and China adopting this technology. Countries such as Australia have already adopted this technology and are developing a private blockchain for its stock exchange’s clearing and settlement process.

 

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Key Findings from the study suggest the largest share of this market in 2019 was of North America, as there are a fundamentally high number of ventures adopting the blockchain technology. The technology will have the capacity to help IoT applications in technology and telecom sector along with the enhanced payment solutions. The healthcare segment will adopt this this technology owing to secure their sensitive information. Asia Pacific market is anticipated to grow at a faster pace because of its changing financial framework which drives the demand for secure and low-cost online payment transfers. Speculations have been that more companies would invest in this technology, thus tapping the huge potential in this market. Companies such as Chain Inc., Ripple, Eric Industries, Microsoft, Circle Internet Financial Limited, R3, Samsung, Deloitte, IBM, Deloitte, Linux Foundation, BTL Group, are some of the prominent players in this market.

 

Earphones and Headphones Market Size, Key Company Profiles, Types, Applications And Forecast

 According to a new report published by Polaris Market Research the earphones And Headphones market is anticipated to reach over USD 16,563 million by 2026. In 2017, earphones dominated the global market, in terms of revenue. Asia-Pacific is expected to be the leading contributor to the global market revenue during the forecast period.

 

The increasing demand of wireless earphones and headphones drives the growth of this market. Increasing penetration of smartphones coupled with declining prices of mobile devices further accelerates the market growth. In addition, the per capita income of consumers has increased considerably, which has resulted in enhanced lifestyle and higher standards of living. Rise in the number of streaming services such as Spotify, Pandora, and Deezer, enhance the music experience for consumers, thereby supporting the growth of headphones and earphones.

 

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The well-known companies profiled in the report include Sennheiser Electronic GmbH & Co. KG, Sony Corporation, GN Netcom, Audio-Technica Corporation, JVC Corporation, Beats Electronics (Apple, Inc.), Harman International Industries, Inc., Plantronics Pty Ltd., Philips Electronics Ltd., and Bose Corporation among others. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.

 

There has been an adoption of earphones and headphones across the globe owing to the increase in penetration of smart phones. Growth in sales of smartphones coupled with the increasing need for mobility services has significantly increased the demand for earphones and headphones. The major players in the market have developed advanced wireless headphones and earphones to cater to the growing requirements of consumers and their changing preferences. Additionally, the demand for earphones and headphones has increased in the global market owing to features such as high-definition sound quality, portability, flexibility, and ease of connectivity.

  

A significant growth in demand for wireless earphones and headphones has been registered over the years owing to convenience, portability, and high-definition sound quality. Consumers need convenience and on-the-go services, and opt for wireless earphones and headphones for audio communication and related applications. Wireless earphones and headphones enhance the experience by providing easy and quick transmission, wireless operation, and ease of set up. Hence, the increase in demand for wireless earphones and headphones is expected to drive the growth of the market.

 

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Improvement in lifestyle due to rise in income level, especially in the developing countries of Asia-Pacific fuels the demand for mobile accessories. Factors such as increase in per capita income and changes in consumer behavior towards adoption of smartphones are expected to accelerate the adoption of earphones and headphones in the coming years.

 

Asia-Pacific generated the highest revenue in the market in 2017, and is expected to lead the global market throughout the forecast period. The high population in the region coupled with increasing disposable income drives the market growth. The rising penetration of smart phones, and availability of affordable earphones & headphones with advanced features has increased the demand in Asia-Pacific. The increasing application of earphones and headphones in call centers, gaming centers, virtual reality, music and entertainment provide growth opportunities for the market.

 

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The different technologies available in the market include wired and wireless. In 2017, wired earphones and headphones accounted for the highest market share. However, wireless earphones and headphones are expected to grow at a higher CAGR during the forecast period. The increasing demand for wireless earphones and headphones is owing to Bluetooth connectivity, enhanced convenience, increased mobility, and noise cancellation feature.

 

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Battery Management System Market Size, Key Company Profiles, Types, Applications And Forecast

 According to a new study published by Polaris Market Research the worldwide battery management system (BMS) market is anticipated to reach USD 14,422 million by 2026. In 2017, the lead-acid batteries dominated the global market, in terms of revenue. North America is expected to be the leading contributor to the global market revenue during the forecast period.

 

The rising demand of BMS from the automotive sector primarily drives the growth of this market. These systems are increasingly being adopted across various industries such as aerospace and defense, healthcare, and electronics among others. The increasing adoption of BMS in data centers, and renewable energy systems further supports the growth of this market.

 

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The demand for electric vehicles has increased significantly over the years owing to increasing prices of gasoline prices across the globe, which leads to increased adoption of battery management systems. The exponential growth in the prices of gasoline and diesel owing to the depleting fossil fuel reserves has encouraged consumers to switch to battery based electric vehicles. Limited availability of public electric vehicle charging infrastructure for electric vehicles had restricted the adoption of these vehicles to a certain extent in the past. However, with significant government initiatives and substantial investments, the development of public charging infrastructure has accelerated significantly. Technological advancements in components such as lithium-ion batteries, which are majorly used in electric vehicles, along with decreasing prices of the same is expected to further increase the demand of battery based electric vehicles in the market.

 

North America generated the highest revenue in the market in 2017, and is expected to lead the global market throughout the forecast period. The increasing demand for alternative fuel vehicles, especially the electric-vehicles is expected to drive the growth of battery management systems in this region. The growing use of BMS in renewable energy storage systems also accelerates the adoption. Asia-Pacific is expected to grow at the highest CAGR during the forecast period owing to increasing demand for BMS from countries such as China, Japan, and India. The presence of large number of automotive manufacturers and portable device suppliers also augments the growth of this market in the region.

 

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The different types of topologies included in the report include centralized, distributed, and modular. In 2017, centralized topology accounted for the highest market share. However, during the forecast period distributed and modular topologies are expected to represent strong growth.

 

Modular topology offer high computational power, and enhanced safety.  Modular topology is also increasingly being used for various applications such as drones, electric vehicles, and energy storage systems among others.

 

The various end-users of battery management systems include medical, automotive, telecommunication, consumer electronics, military, and others. In 2017, consumer electronics accounted for the largest share in the global market, and are estimated to grow at a substantial rate during the forecast period. The automotive segment is expected to grow at the highest CAGR during the forecast period owing to increasing applications, stringent government regulations regarding vehicular emissions, increasing acceptance of electric vehicles.

  

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The well-known companies profiled in the report include Texas Instruments Inc., Johnson Matthey PLC., Linear Technology Corporation, vecture Inc., Elithion Inc., NXP Semiconductors, Intersil Corporation, Nuvation Engineering, Ventec SAS, Generex Systems, and Lithium Balance A/S among others. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.

 

Aluminum Curtain Wall Market Size, Key Company Profiles, Types, Applications And Forecast

 The global aluminum curtain wall market expected to reach US$ 62.85 billion by 2027, according to a new study by Polaris Market Research. The report “Aluminum Curtain Wall Market Share, Size, Trends, Industry Analysis Report, By Type (Stick-Built, Unitized, Semi-Unitized); By Application (Residential, Commercial, Infrastructure); By Regions; Segment Forecast, 2020 – 2027” gives a detailed insight into current market dynamics and provides analysis on future market growth.

 

The demand for aluminum curtain walls is expected to witness significant growth over the forecast period owing to the increasing demand for the protection of residential and commercial building walls. In addition, the use of exterior glass walls for commercial and infrastructural buildings is expected to have a positive impact on the aluminum curtain wall industry.

 

Increasing urbanization and several infrastructure projects sanctioned in the developing economies of Asia Pacific and Latin America is likely to complement aluminum curtain wall industry growth over the forecast period. Furthermore, the need for eco-friendly material and increasing regulations pertaining to the use of green building materials is expected to drive aluminum curtain wall demand.

 

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Segment Highlights

• Unitized aluminum curtain wall accounted for the largest revenue share in 2019. The segment accounted for over 55% of the market share owing to the low cost of installation and growing demand in developing economies

 

• The commercial application segment accounted for the largest revenue share in 2019 with over 50% of the market share. This can be attributed to the growing demand for aluminum curtain walls for the construction of malls, offices, institutional buildings, etc

 

• Asia Pacific region is dominating the global aluminum curtain wall industry, holding almost one-third of the market share throughout the forecast period. Increasing construction projects and rising investments by global market players in the region is likely to complement demand.

 

• The major players operating in the aluminum curtain wall industry space provide several services to retain and gain customers. In addition, the growing construction projects across the globe have led manufacturers to provide customized solutions to meet specific requirements.

 

List of Key Players

• Alumil Aluminium Industry S.A.
• EFCO Corporation
• GUTMANN AG
• HansenGroup Ltd.
• Kawneer Company, Inc.
• Sapa Building Systems Ltd
• Schuco International
• Josef Gartner GmbH
• Kalwall Corporation
• Others

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Polaris Market Research has segmented the aluminum curtain wall market report on the basis of type, application, and region

 

Aluminum Curtain Wall, Type Outlook (Revenue – USD Million, 2016 – 2027)

• Stick-built
• Semi-unitized
• Unitized

Aluminum Curtain Wall, Application Outlook (Revenue – USD Million, 2016 – 2027)

• Commercial
• Residential
• Infrastructure

Aluminum Curtain Wall, Regional Outlook (Revenue – USD Million, 2016 – 2027)

• North America
  • U.S.
  • Canada
• Europe
  • France
  • Germany
  • UK
  • Italy
  • Spain
  • Netherlands
  • Austria
• Asia Pacific
  • China
  • India
  • Japan
  • Malaysia
  • South Korea
  • Indonesia
• Central & South America
  • Mexico
  • Brazil
  • Argentina
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa

Viscosupplemention Market Share Business Opportunities And Latest Trends

 The global viscosupplementation market is estimated to reach USD 6.9 billion by 2026 growing at a CAGR of 8.9% during the forecast period, according to a new study published by Polaris Market Research. The report ‘Viscosupplementation Market Share, Size, Trends & Industry Analysis Report By Product Type (Single injection, Three injection, Five injection); By Application (Knee Osteoarthritis, Hip Osteoarthritis, Hand Osteoarthritis); By Regions, Segment Forecast, 2020 – 2026’ provides an extensive analysis of present market dynamics and predicted future trends.

 

Due to growing geriatric population globally and due to increasing occurrences of osteo arthritis, injuries, gingivitis, & abscess, this market is anticipated to gain traction. According to assessment done by WHO, the population of people who are of the age of 65 g and above globally would increase significantly from 7% in the year 2000 and is estimated to grow to 16% by 2050. This significant growth in the elderly population would result in the increased problems of obesity and osteo arthritis, which would indirectly help this market to gain traction during the forecast period.  Together with expanding choice for minimally intrusive surgical procedures, worldwide rise in the target populace is anticipated to substantially push the need for viscosupplements throughout the forecast duration.

 

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Geographically, North America is estimated to be the largest viscosupplementation market in 2019.  According to Centers for Condition Control as well as Avoidance (CDC) in 2015, over 30 million individuals in the United States experienced osteo arthritis and also around 10% individuals over 55 years endured knee discomfort. These growing numbers are pushing the market growth in this region. Asia Pacific on the other hand is anticipated to be the fastest growing market in 2017 and is estimated to preserve its placement throughout the projection period. This growth rate can be made up by the visibility of a considerable growing base of senior citizens, which is vulnerable to problems such as osteo arthritis as well as rheumatoid joint inflammation. Increasing demand for minimally intrusive treatments is a considerable element adding to the growth rate of Asia Pacific. The Latin American market is anticipated to expand at a rewarding pace in the coming years because of the visibility of high unmet clinical requirements, increasing disposable income and growing awareness among the patients in economies such Brazil and Mexico.

 

Among the viscosupplementation products, three injection products are estimated to be the largest segment of the viscosupplementation market. Affordability and shorter therapy duration are some the major factors which are pushing the growth of this product segment. This is closely followed by the single injection.  

 

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Major companies operating in the market are focusing on incorporating modern technologies to make innovative viscosupplements. For instance, Anika Therapeutics introduced HYAFF, which aids in production of very efficient biocompatible viscosupplements. The FDA authorized hyaluronates presently offered in the viscosupplementation market are Hyalgan (Sanofi), Euflexxa (Ferring Pharmaceuticals, Inc.), Orthovisc (Anika Rehabs), Supartz, Gel-One (Seikagaku Company), Synvisc, Synvisc One (Genzyme) and also Durolane (Q MEDICATION ABDOMINAL). Some of the major players in this market include Seikagaku Corporation, Lifecore Biomedical, LLC, Zimmer Holdings Inc, Bioventus, Ferring B.V., Sanofi, Anika Therapeutics, Inc., and LG Life Sciences Ltd.

 

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Commercial UAV Market Top Trends, Business Opportunity, And Growth Strategy

According to a new study published by Polaris Market Research the commercial UAV market is anticipated to reach over USD 15,624.7 million by 2026. In 2017, the rotary blade UAV segment dominated the global market, in terms of revenue. North America is expected to be the leading contributor to the global market revenue during the forecast period.

 

The increasing applications of commercial UAVs in industries such as agriculture, media & entertainment, and mining have boosted the growth of the market. Use of UAVs in performing high risk tasks further support the growth of this market. Additionally, the technological innovation in the market in terms of miniaturization & improvement of components further boosts the adoption of commercial UAVs. Increasing investments by vendors in technological advancements coupled with decreasing prices of components would reduce the overall cost of UAVs in the coming years, further supporting the market growth. However, security and privacy concerns are expected to hamper market growth during the forecast period. Growing demand from emerging economies, and increasing awareness are factors expected to provide numerous growth opportunities in the coming years.

 

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The adoption of commercial UAVs is rising at a significant rate worldwide. UAVs provide high resolution imagery capable of monitoring and verifying applications in various sectors including civil engineering & construction, government, defense & intelligence, agriculture & forestry, transportation, real estate, and others. Varied applications of commercial UAVs include topographic mapping, infrastructure planning, exploration of new energy sources, mitigation of impact of disasters, and monitoring drilling projects in oil & gas industry. Also, commercial UAVs assist in monitoring vegetation, green mapping, vegetation damage due to leaching, traffic management, tracking of fleet, and others. In real estate industry, commercial UAVs are used for enhanced view of buildings and properties, and in insurance sector for accessing environmental risk through accurate and updated geographical data.

 

 

North America generated the highest revenue in the market in 2017, and is expected to lead the global market throughout the forecast period. The increasing applications in the commercial sectors have increased demand of commercial UAVs in the region. The increasing demand from agriculture, and media & entertainment sectors further boosts market growth. Local players are introducing low cost commercial UAVs with high performance. Numerous key players have adopted partnership and expansion strategies to increase their market share in commercial UAV markets in the region. Asia-Pacific is expected to grow at the highest CAGR during the forecast period.

 

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The different end-users in Commercial UAV market include agriculture, energy and public utilities, construction, media and entertainment, government, and others. In 2017, the government segment accounted for the highest market share. Government sector majorly uses commercial UAVs for security and law enforcement. Unmanned aerial vehicles are equipped with optical, zoom and thermal cameras for surveillance and acquiring evidence. Other applications of commercial UAVs in this sector include search and rescue, traffic collision reconstruction, investigating suspects, crime scene analysis, crowd monitoring, and others.

 

The well-known companies profiled in the report include Parrot SA, SAIC, Israel Aerospace Industries, Elbit Systems Ltd., DJI Innovations, BAE Systems PLC, PrecisionHawk Inc., AeroVironment, Inc., Aeryon Labs Inc., 3D Robotics Inc., Aurora Flight, and Denel Dynamics among others. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.

 

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