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Commercial Drones Market expected to grow by USD 126.87 billion from 2024-2028, driven by rising applications, with AI-powered market insights – Technavio

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NEW YORK, Sept. 26, 2024 /PRNewswire/ — Report on how AI is driving market transformation- The global commercial drones market size is estimated to grow by USD 126.87 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 57.74% during the forecast period. Rising applications of drones is driving market growth, with a trend towards new developments and launches of commercial drones. However, restrictive laws and regulations governing uav use poses a challenge. Key market players include Aeronavics, AeroTargets International LLC, AeroVironment Inc., Anadrone Systems Pvt. Ltd., Arc Sky LLC, Autel Robotics Co. Ltd., DELAIR SAS, Denel SOC Ltd., Draganfly Inc., Field Group AS, Geotech Environmental Equipment Inc., EHang Holdings Ltd., iFlight Innovation Technology Ltd., Intel Corp., Parrot Drones SAS, Red Cat Holdings, Skydio Inc., Teledyne Technologies Inc., The Boeing Co., and Yuneec International Co. Ltd..

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Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

Product (Software and services and Hardware), End-user (Infrastructure, Media and entertainment, Public safety, Agriculture, and Others), and Geography (North America, Europe, APAC, Middle East and Africa, and South America)

Region Covered

North America, Europe, APAC, Middle East and Africa, and South America

Key companies profiled

Aeronavics, AeroTargets International LLC, AeroVironment Inc., Anadrone Systems Pvt. Ltd., Arc Sky LLC, Autel Robotics Co. Ltd., DELAIR SAS, Denel SOC Ltd., Draganfly Inc., Field Group AS, Geotech Environmental Equipment Inc., EHang Holdings Ltd., iFlight Innovation Technology Ltd., Intel Corp., Parrot Drones SAS, Red Cat Holdings, Skydio Inc., Teledyne Technologies Inc., The Boeing Co., and Yuneec International Co. Ltd.

Key Market Trends Fueling Growth

The commercial drones market is experiencing significant growth due to the continuous introduction of new drones, components, and software solutions by vendors. Companies across various industries are integrating drones into their operations for managing assets, monitoring sites, inspecting facilities, and capturing real-time data. In January 2023, Autel Robotics launched the EVO Max 4T drone, featuring advanced autonomous flight technology and Artificial Intelligence, ensuring safe and stable flight in challenging environments. Such innovations increase the availability of advanced drone products and software solutions, fueling the adoption of commercial drones in the forecast period.

The Commercial Drone Market is experiencing significant growth, particularly in sectors like Defense and Agriculture. Drones equipped with high-quality Cameras are trending, with VAPOR Helicopter leading the way. Artificial Intelligence and Machine Learning are revolutionizing Decisionmaking in industries, from Inspection activities to Farm management. Hybrid drones, combining features of Quadcopters, Octocopters, and Hexacopters, are gaining popularity. In Agriculture, drones help reduce costs, increase Yield, and monitor crops using services like Raptor Maps. Filmmakers and Ecommerce sectors also benefit from aerial photography and warehouse management. However, legislations and Obstacles pose challenges. Autel Robotics offers advanced Flying platforms. Drones are being explored for Defense, Public Transportation, and even as Flying assistants. Future innovations include Hydrogenpowered and Selfcharging drones.

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Market Challenges

The commercial drones market faces regulatory challenges that restrict the scope of drone operations and hinder their mass adoption. Governments and commercial bodies utilize drones, also known as Unmanned Aerial Systems (UAS) and Unmanned Aerial Vehicles (UAV), for various applications. However, the application scope is dependent on laws and regulations enacted by different governments worldwide. For instance, the Federal Aviation Administration (FAA) has imposed regulations that impact the global commercial drones market. In the EU, new standardized drone regulations were set for release in June 2020 but were postponed to the end of 2020. These regulations classify drones into three categories – open, specified, and certified – based on their technical qualities, and hold manufacturers responsible for ensuring drone compliance. However, regulatory differences between countries, such as insurance requirements and weight restrictions, create confusion and hinder drone deployment. These regulatory hurdles may prevent the mass adoption of UAVs and negatively impact the demand for commercial drones during the forecast period.The Commercial Drone Market is experiencing significant growth as Quadcopters, Octocopters, and Hexacopters find increasing applications in various sectors. Challenges in flight control, firmware, middleware, computer vision, and environmental awareness are being addressed through technological advances in electronics, computing, microcontrollers, and processors. Hydrogen-powered and self-charging drones are emerging trends, with potential applications in self-driving taxis, public transportation, and drone waitstaff. IIT Hyderabad and the Energy sector are exploring drones for 5G delivery, cloud computing, and pipeline inspection in the Oil and Gas industry. Drones are transforming industries like Construction, Property, and Photography with project alerts, safety, and monitoring solutions. However, ensuring safety and addressing accidents at construction sites and monitoring surveillance and security remain key challenges. Product demand is high for applications like 3D mapping, pipeline inspection, oil tank monitoring, and elevated infrastructure inspection, including electrical cables. The Commercial Drone Market is poised for growth, driven by technological advances and diverse applications.

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Segment Overview

This commercial drones market report extensively covers market segmentation by

Product1.1 Software and services1.2 HardwareEnd-user2.1 Infrastructure2.2 Media and entertainment2.3 Public safety2.4 Agriculture2.5 OthersGeography3.1 North America3.2 Europe3.3 APAC3.4 Middle East and Africa3.5 South America

1.1 Software and services- The commercial drone market is experiencing significant growth due to increasing demand from various industries such as construction, agriculture, and media. Drones offer benefits like cost savings, improved efficiency, and enhanced safety for businesses. Key players in this market include DJI, Parrot, and 3DRobotics. Market size is projected to reach USD12.3 billion by 2025, driven by technological advancements and regulatory approvals.

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Research Analysis

The commercial drone market is experiencing rapid growth, driven by the increasing use of Unmanned Aerial Vehicles (UAVs) for various commercial purposes. Quadcopters, Octocopters, and Hexacopters are popular choices for commercial applications due to their flight stability and maneuverability. Flight control, firmware, middleware, computer vision, and environmental awareness are essential components of commercial drone technology. Hydrogen-powered and self-charging drones are emerging trends, offering longer flight times and reduced environmental impact. The use of drones in self-driving taxis, public transportation, and as flying assistants is being explored for the future. IIT Hyderabad, among other institutions, is at the forefront of drone technology research, focusing on energy sector applications, 5G delivery, and computing. The market is also witnessing advancements in microcontrollers, processors, mobile hardware, cameras, and VAPOR Helicopter technology. The defense sector is another significant market for drones, with artificial intelligence and machine learning enabling decision-making capabilities. Drone technology is also being used in industries such as photography, pipeline inspection, oil tank monitoring, and 3D mapping. Cloud computing is an essential infrastructure for managing and analyzing drone data.

Market Research Overview

The commercial drone market is experiencing significant growth as Quadcopters, Octocopters, and Hexacopters find increasing applications in various industries for commercial purposes. Flight control, firmware, middleware, computer vision, and environmental awareness are key technologies driving this market. Technological advances in hydrogen-powered and self-charging drones are also gaining attention. Drones are being explored for innovative uses such as self-driving taxis in public transportation, drone waitstaff, and flying assistants. IIT Hyderabad and other research institutions are contributing to the energy sector with drone applications in 5G delivery and cloud computing. The construction sector benefits from drones for property monitoring, project alerts, safety, and accident prevention at unstable roofs, inaccessible positions, and elevated infrastructure. The oil and gas industry uses drones for pipeline inspection and oil tank monitoring, while 3D mapping and photography are popular in various sectors. The market demand is driven by the need for efficient inspections, reduced costs, and enhanced safety. However, legislations and obstacles in commercial spaces pose challenges. Companies in the hybrid segment offer solutions for farm management, agriculture costs, yield optimization, and inspection activities using drones. Filmmakers and the ecommerce sector leverage drones for aerial photography and warehouse management. The defense sector and artificial intelligence are also exploring decision-making capabilities in drone technology. Test samples, medical supplies, and hybrid drones are the future trends in this market. Companies like Autel Robotics offer advanced flying platforms.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ProductSoftware And ServicesHardwareEnd-userInfrastructureMedia And EntertainmentPublic SafetyAgricultureOthersGeographyNorth AmericaEuropeAPACMiddle East And AfricaSouth America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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SCANable Strengthens Existing West Coast Presence with Additional Cutting-Edge Mobile 3D and 4D Scanning Services

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SCANable has expanded its West Coast operations based in Burbank, California, offering fully mobile 3D and 4D scanning studios equipped to meet the fast-paced demands of modern productions. With industry-experienced professionals and the latest scanning technology, SCANable ensures availability and efficiency by delivering high-quality digital and virtual assets directly on location, even in challenging conditions.

BURBANK, Calif., Dec. 21, 2024 /PRNewswire-PRWeb/ — SCANable, the leading US-based 3D and 4D scanning studio, proudly announces the expansion of its West Coast operations based in Burbank, California — the heart of the largest film and television studios on the West Coast. This expansion supports the rapid number of productions returning to California. This strategic location underscores SCANable’s commitment to delivering exceptional scanning services to the film, television, and video game industries.

Our number one talent is availability. We are ready anywhere, anytime, with the latest scanning technology and expertise. Our in-house team of industry professionals excels at last-minute requirements and challenging conditions.

As the film industry continues to evolve, the importance of supporting US-based crews and businesses has never been greater. Keeping work in the country ensures that local talent and productions thrive, preserving the quality and integrity of visual storytelling. SCANable contributes to this mission by ensuring that all scan processing is performed in-state, allowing productions to apply 100% of their scanning budget toward their state tax credits and keeping valuable work within the country.

SCANable’s highly experienced team, with a combined 100 years in 3D and 4D scanning, has contributed to hundreds of feature films, premium episodic series, video games, music videos, and commercials. SCANable empowers visual storytelling by capturing and creating hyper-realistic digital assets, allowing visual effects studios and creative teams to tell more believable stories and achieve seamless and immersive experiences.

Mobile Photogrammetry Studios: Unmatched Agility and Speed:

SCANable’s ultra-portable, self-contained Mobile Photogrammetry Studios (MoPho Studios) set the industry standard for efficiency and adaptability. These mobile studios can be deployed to challenging locations and be fully operational within 30 minutes, minimizing the impact on each production’s already hectic planning and coordination efforts, even in the most demanding environments.

In a time when talent’s time is more precious than ever, the days of sending an actor to a dedicated facility are nearly impossible. SCANable’s mobile studios can literally park within steps of the actors, ready to capture full-body scans in a fraction of a second and complete Facial Action Coding System (FACS) sessions in under 30 minutes. Each studio is also equipped with One-Light-At-a-Time (OLAT) and volumetric multi-camera capture array capabilities, ensuring that productions receive the highest quality scans and reference footage with unparalleled efficiency.

Industry-Leading Services and Expertise:

SCANable’s extensive suite of scanning services continues to be available across the West Coast and nationwide. As an approved vendor for all major film studios—including Disney, Marvel, Netflix, Amazon, Universal, Sony, Twentieth Century Fox, and Paramount—SCANable is trusted to deliver unparalleled quality and precision.

Nationwide, SCANable Offers:

Character Scanning4D Volumetric CapturePhotometric ScanningAerial LiDAR/PhotogrammetryTerrestrial LiDAR ScanningLarge Environment CaptureProp ScanningWardrobe-Fitting ScanningCostume ScanningAccurate Lifesize Mannequin 3D PrintsMachine Learning Multi-Camera CaptureGaussian Splat/NeRF Capture and Processing

Expanding Boundaries in Aerial and Environmental Scanning:

SCANable’s aerial scanning team has captured thousands of acres across the United States, including controlled and highly restricted locations that many drone operators cannot access. This experience allows SCANable to provide ultra-high-resolution 3D models and Gaussian Splats for use in traditional visual effects pipelines, as well as Virtual Production and LED Volume Stages, pushing the boundaries of what’s possible in immersive environments.

Quality, Experience, and US-Based Craftsmanship:

Focusing on quality and committing to US-based talent and processing, SCANable helps productions maximize their budgets and benefit from valuable tax credits. This dedication ensures that the industry’s most demanding projects receive the precision and reliability they deserve. From iconic Hollywood productions to state-of-the-art video game development, SCANable’s expertise supports the creation of seamless, invisible visual effects that elevate storytelling.

“Our number one talent is availability. We pride ourselves on being ready anywhere, anytime, with the latest scanning technology on hand. Our amazing team of industry professionals excel at handling last-minute requirements and challenging conditions—whether it’s tight schedules, less-than-ideal lighting, or complex subjects. We’re great at what we do, but it’s all about showing up and delivering when productions need us most,” said Travis Reinke, Founder and CEO of SCANable.

About SCANable:

SCANable, founded in 2012, is a US-based company specializing in 3D and 4D scanning services for film, television, video games, and virtual production. With locations in California, Georgia, New York, and Texas, SCANable delivers unmatched expertise and quality, bringing productions to life through cutting-edge scanning technologies.

For more information, visit www.scanable.com or contact pr@scanable.com. Check out SCANable’s latest promotional video here.

Media Contact

Ty Taylor, SCANable, 1 (877) 899-2931, pr@scanable.com, www.scanable.com

Twitter, LinkedIn

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SOURCE SCANable

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The Sociable Society Welcomes Sydney Snelten, Jess Golden, and Dayna Ashame to Strengthen Leadership in Creator Growth and Management

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Sydney Snelten, Jess Golden, and Dayna Ashame Join The Sociable Society to Elevate Creator Management Excellence

LOS ANGELES, Dec. 21, 2024 /PRNewswire-PRWeb/ — The Sociable Society (TSS), a leading influencer marketing and creator management agency, is thrilled to announce the appointment of Sydney Snelten as Head of the Creator Growth Division, alongside the additions of Jess Golden and Dayna Ashame to lead the Creator Management Division. These strategic hires signal a new chapter of innovation and excellence for TSS as it continues to scale its operations and empower creators worldwide.

Sydney Snelten, a seasoned affiliate marketing expert with a decade of experience, joins TSS after a distinguished career at LTK (formerly rewardStyle and LIKEtoKNOW.it). Sydney has been a trusted collaborator of TSS for over five years, earning a reputation for her visionary approach to creator development and deep industry knowledge.

“We’re honored to welcome Jess, Dayna, and Sydney” shared Co-Founder Emily Fonda. “Their experience, collaborative nature, and creator industry passion perfectly aligns with our cultural pillars of being a creator-first, relationship driven creator agency — we’re excited to see their contributions.”

As Head of the Creator Growth Division, Sydney will oversee initiatives to expand revenue opportunities, enhance affiliate marketing strategies, and drive sustainable growth for TSS’s creator community. Her expertise in affiliate-driven content and her track record of building long-term success for creators make her the perfect leader to spearhead this new division.

“Joining The Sociable Society is an incredible milestone,” said Sydney Snelten. “I’ve long admired TSS’s innovative approach and its commitment to creators. Having witnessed the power of affiliate marketing to transform the creator economy, I’m excited to help TSS talent unlock new growth opportunities and shape the future of the industry.”

Jay Kent-Hume, Co-Founder of TSS, expressed his excitement about Sydney’s appointment:

“Sydney’s unparalleled expertise and passion for creator success have been evident throughout her career. Her leadership will be instrumental as we continue to evolve and elevate the value we provide to creators. We’re honored to have her onboard to lead this transformative division.”

Joining Sydney in expanding TSS’s leadership team are Jess Golden and Dayna Ashame, two seasoned professionals with extensive experience in talent management and digital marketing.

Jess Golden, formerly Director of Talent Management at Kensington Grey, steps into the role of Head of Creator Management. Renowned for her commitment to inclusive partnerships and fostering opportunities for underrepresented creators, Jess brings a proven track record of securing high-profile collaborations with brands such as Dior Beauty, Tiffany & Co., and AMEX.

“I’m honored to join TSS and contribute to its mission of empowering creators,” said Jess Golden. “I look forward to building impactful, inclusive campaigns and forging authentic connections that amplify the voices shaping the creator economy.”

Dayna Ashame joins TSS as Senior Creator Manager, bringing nearly a decade of experience in digital marketing and campaign management. At Kensington Grey, Dayna led high-impact collaborations with Target, Amazon’s The Drop, and luxury events with Pandora. In her new role, she will focus on elevating talent brands, building customized growth strategies, and securing high-value partnerships with top-tier brands.

“This is an exciting opportunity to work with such a passionate and talented team,” said Dayna Ashame. “I’m eager to help diversify TSS’s exceptional roster and drive meaningful collaborations that make a lasting impact.”

Emily Fonda, Co-Founder of TSS, praised the new additions:

“Sydney, Jess, and Dayna bring unparalleled expertise, collaborative spirit, and passion for the creator economy. Their leadership perfectly aligns with our vision as a creator-first agency, and we’re excited to see the incredible impact they will make on our continued growth and success.”

About The Sociable Society

Founded in 2015, The Sociable Society is a premier influencer marketing and creator management agency. TSS connects brands with top-tier creators through innovative strategies and authentic engagement. Over the past year, TSS has doubled its talent roster, managing over 200 creators who see an average revenue growth of 220% in their first year. The agency’s expertise spans brand partnerships, affiliate marketing, and custom-tailored creator growth services. For more information, visit www.thesociablesociety.com.

Media Contact

Emily Fonda, The Sociable Society, 1 310-529-0380, emily@thesociablesociety.com, https://thesociablesociety.com/

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SOURCE The Sociable Society

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Appy Pie’s No-Code AI Design Platform Simplifies Holiday Creations for Christmas Posters and Avatars

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NEW DELHI, Dec. 21, 2024 /PRNewswire/ — Appy Pie Design, a leading No-code AI Design Platform, offers businesses and individuals an easy way to create Christmas posters and avatars for this upcoming holiday season. With its enhanced suite of AI-powered tools, the platform allows users to design festive visuals effortlessly, making it a go-to choice for creative holiday solutions.

Also, users can create unique, seasonally-themed avatars to showcase their holiday spirit across social media and professional platforms. These Christmas avatars can be used to personalize social media profiles, email signatures, or even professional platforms, spreading holiday cheer in both casual and formal settings.

“Our platform is designed to make the holidays easier and more joyful for everyone,” said Abhinav Girdhar, CEO of Appy Pie. “By providing accessible and creative solutions, we aim to help users connect meaningfully during this festive season.”

The AI Animation Generator enables users to bring their holiday ideas to life with engaging and dynamic visuals. The platform provides flexibility and convenience, making it an indispensable tool for celebrating the holiday season creatively and efficiently.

For those looking to turn static visuals into dynamic content, the Image to Video AI tool transforms still images into alluring videos. This functionality adds a new dimension to holiday designs, making them more interactive and impactful.

About Appy Pie
Appy Pie, a Trademark of Appy Pie LLP, is a leading global platform offering a suite of no-code, AI-powered tools, including an app builder, website builder, workflow automation platform, graphic design software, chatbot builder, help desk software, and live chat software, to help businesses and individuals design, build, and automate. With a user-friendly interface and a wide range of customizable templates, Appy Pie empowers users to create professional-grade applications, websites, and automation without coding expertise. Appy Pie caters to diverse needs from entrepreneurs to established enterprises by providing innovative solutions for various industries.

Media Contact
Abhinav Girdhar
sales@appypie.com
+1 888 322 7617

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