Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 10.96 Billion | USD 105.44 Billion | 28.6% | 2023 |
The global Smart Commercial Photography Drones market size was worth around USD 10.96 billion in 2023 and is predicted to grow to around USD 105.44 billion by 2032 with a compound annual growth rate (CAGR) of roughly 28.6% between 2024 and 2032.
The study provides historical data from 2018 to 2022 along with a forecast from 2024 to 2032 based on revenue (USD billion). The report covers a forecast and an analysis of the Smart Commercial Photography Drones market on a global and regional level.
Drone photography has several applications across various industries, such as oil and gas, construction, agriculture, and logistics. Smart drones are capable of autonomous driving along with the ability to recognize nature of a wide range of objects. When compiled with machine learning, smart drones can improve work efficiency and ensure safety. These drones when coupled with artificial intelligence are easier to operate than conventional cameras that are generally used for monitoring.
The ability of smart drones to reach and capture the view of a place, which is not accessible for a normal human, are the main driving factors of the smart commercial photography drones market globally. The use of commercial drones for civilian applications, such as wedding photography, agricultural inspection, etc., has increased in recent years. Furthermore, various industries, such as military, media, and journalism, etc., are using drone photography to gain information; this is likely to create more growth opportunities for the smart commercial photography drones market in the upcoming years. Moreover, smart drones are capable of computer vision, facial recognition, object recognition, and tracking; these advantages of smart drones will create further growth opportunities for the smart commercial photography drones market. However, the increasing number of government restrictions on drone usage and high initial cost of drones may limit this global market.
The study provides a crucial view of the smart commercial photography drones market by segmenting it based on product and region. All the segments have been analyzed based on present and future trends and the market is estimated from 2024 to 2032.
Report Attributes | Report Details |
---|---|
Report Name | Smart Commercial Photography Drones Market |
Market Size in 2023 | USD 10.96 Billion |
Market Forecast in 2032 | USD 105.44 Billion |
Growth Rate | CAGR of 28.6% |
Number of Pages | 120 |
Key Companies Covered | SZ DJI Technology, 3D Robotics, Parrot Drones, Israel Aerospace Industries, Elbit Systems, HUVRData, XAIRCRAFT Technology, Ascending Technologies, Zero-tech UAV, and AeroVironment |
Segments Covered | By Product, By End-Use and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The regional classification includes Europe, North America, Latin America, Asia Pacific, and the Middle East and Africa.
North America had the largest share in the smart commercial photography drones market globally in 2023, as the region has recorded increased use of drones by its logistic industry. This regional market is likely to grow in the future, owing to the growing adoption of smart drones for delivery by e-commerce market players. Europe held a significant share in the global market for smart commercial photography drones in 2023, due to the increasing use of smart drones for public safety, agricultural automation, and energy sector. The Asia Pacific is likely to record the highest CAGR for smart commercial photography drones market globally. China has been the key country involved in technological developments of smart drones, due to the cheap availability of drone parts in the region.
Some key players in the smart commercial photography drones market across the globe are:
Global Smart Commercial Photography Drones Market: Product Analysis
Global Smart Commercial Photography Drones Market: Regional Analysis
FrequentlyAsked Questions
According to study, the Smart Commercial Photography Drones Market size was worth around USD 10.96 billion in 2023 and is predicted to grow to around USD 105.44 billion by 2032.
The CAGR value of Smart Commercial Photography Drones Market is expected to be around 28.6% during 2024-2032.
Some key players in the smart commercial photography drones market across the globe are SZ DJI Technology, 3D Robotics, Parrot Drones, Israel Aerospace Industries, Elbit Systems, HUVRData, XAIRCRAFT Technology, Ascending Technologies, Zero-tech UAV, and AeroVironment.
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