8/24/2023 0 Comments Parrot drone black fridayThe agriculture sector is also increasingly adopting the use of drones for various applications including soil monitoring and spraying fertilizers and pesticides. The company also announced a similar service trial for a suburb in Helsinki, Finland, included as its first such effort in Europe. In 2019, Alphabet's Wing launched a full-fledged drone delivery service in Canberra, Australia. As such, commercial drone manufacturers are expanding their market base across the global retail industry, thereby driving the market growth. Drones are capturing the interest of global retailers as competition in this industry is pushing them to develop new ways to make their supply chains more efficient while reducing delivery costs. The retail industry will experience significant CAGR during the forecast period. Retail sector poised to grow at a significant rate during the forecast period Tamil Nadu (India) used a drone to spray disinfectant over Rajiv Gandhi Government General Hospital in Chennai. For example, Terra Drone's business partner Antwork used drone RA3 and tr7s to transport medical samples and quarantine materials between Xinchang County disease control center, Xinchang County People's Hospital, and Dashiju branch of Xinchang County People's Hospital. Countries are using drones in order to prevent further transmission of this deadly disease. The recent novel COVID-19 global pandemic outbreak has significantly surged the demand for commercial drones for various applications. ExxonMobil, BP, and Royal Dutch are some of the major oil and gas companies which are deploying drones to obtain real-time insights while enhancing their productivity. Increasing applications of commercial drones in industries such as oil and gas, nuclear, and renewables will further continue to propel the market growth of commercial drones during the next five years. In August 2018, Shanghai's Jinshan Industrial Zone officially opened a UAV base, allowing China to carry out multi-scenario testing and applications using drones. Rising investments in R&D to develop new applications of drones as well as using drones for testing applications is also spurring the commercial drones market growth globally. In the retail sector, drones are being increasingly used for delivery services by retail stores. For instance, farmers are using drones to monitor crops and soil while insurance companies are using the same data to inspect damaged assets in the agricultural sector. All these favorable regulations across different countries/regions are paving the way for a wider application of drone technology worldwide.īusinesses across various end-user industries are using drones for multiple commercial applications apart from basic surveillance and photography. Implementation of strict yet simple regulations regarding the use of commercial drones is the major driver of the global commercial drones market. The global commercial drones market was valued at US$6.044 billion in 2019. Dublin, J(GLOBE NEWSWIRE) - The "Commercial Drones Market - Forecasts from 2020 to 2025" report has been added to 's offering.
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