The North America Commercial Drones Market would witness market growth of 10.7% CAGR during the forecast period (2024-2031).
The US market dominated the North America Commercial Drones Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $18,593 million by 2031. The Canada market is expected to witness a CAGR of 12.9% during (2024 - 2031). Additionally, The Mexico market would register a CAGR of 12.1% during (2024 - 2031).
Uncrewed aircraft that can perform a variety of tasks autonomously are called drones. They are employed in everything from military operations to commercial purposes. The market has experienced a meteoric rise in recent years, with widespread adoption across a variety of industries due to advancements in technology, regulatory changes, and increasing demand for efficient solutions in logistics, agriculture, surveillance, and beyond.
The applications of commercial drones are vast and diverse, revolutionizing multiple industries by offering faster, safer, and more cost-effective solutions than traditional methods. These gadgets are in great demand in the building and real estate industries since they can scan the property, provide precise and ongoing project notifications, improve safety, and stop dangerous incidents on construction sites. Over the last several years, many more corporate drone use cases have existed. For instance, drone software makers and suppliers constantly develop, test, and improve new products for various applications.
The Mexican government reports that in the third quarter of 2023, the real estate and rental & leasing industries contributed MX$2.66 trillion to the nation's GDP, representing a 5.55% annual growth rate. Due to rising demand for commercial, residential, and industrial real estate, the nation's real estate sector has been growing. Drones also play a significant role in monitoring construction projects, ensuring efficient project management, and helping to reduce costs by providing more accurate and real-time data. The growth in Mexico’s real estate and leasing sector is expected to further boost the demand for drones in these industries as developers, real estate agents, and construction firms look for innovative solutions to improve their operations.
Also, drones are revolutionizing aviation, reshaping new businesses while changing old ones, and dramatically expanding the number of commercial and leisure drone pilots using the airspace in Canada as they do in many other nations. The commercial sector in Canada has the chance to become more effective and competitive owing to UAVs. The drone ecosystem in Canada comprises several important drone industry participants, from non-profit organizations and academic institutions to federal agencies and a range of drone businesses. In conclusion, the USA, Canada, and Mexico are poised to see continued growth in the market.
Free Valuable Insights: The Commercial Drones Market is Predict to reach USD 74.96 Billion by 2031, at a CAGR of 12.1%
Based on Product, the market is segmented into Rotary Blade, Fixed-wing, and Hybrid. Based on End-use, the market is segmented into Media & Entertainment, Security & Law Enforcement, Agriculture, Energy, Real Estate & Construction, and Other End-use. Based on Application, the market is segmented into Filming & Photography, Mapping & Surveying, Surveillance & Monitoring, Inspection & Maintenance, Precision Agriculture, and Other Application. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
By Product
By End-use
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