Taking a drone with you is an incredible way to capture the best moments from your trip.  Also, taking a drone with you is a big investment in many things like money, bag space, and the effort to research drone laws before you go anywhere…

There are lots of drone brands out there and some may look inexpensive and boast nice features. drones for travel

In the wake of the COVID-19 outbreak across the globe, there has been a considerable increase in the utilization of drone technology across various scenarios, with drones proving to be of immense assistance in such situations. Drones are being widely adopted in the healthcare sector for lab sample pickup and delivery as well as transportation of medical supplies for reducing transportation turnaround time and curtailing exposure to infection.

The integration of advanced technologies such as Artificial Intelligence (AI) and Machine Learning (ML) in drones offers significant growth prospects to the market. Drones integrated with AI technology can better understand their surroundings; map areas accurately, track and monitor the movement of specific objects, as well as offer precise analytical feedback. Additionally, they offer real-time, data-driven decision-making ability to their users by ensuring rapid capturing, processing, and transferring of data. AI-powered drones also enable users to collaborate and access feed captured by other drones and trace drone flight patterns in real time. AI and ML, coupled with predictive learning models, facilitate faster data analysis to offer actionable insights.

The advent of the 5G delivery model and integration of cloud computing technology with the drone development process is anticipated to provide lucrative growth opportunities to the commercial drone market. The availability of high-speed internet in drones enables users to communicate in high demanding environments to perform operations such as media sharing, command and control, and autonomous flying. The provision to practice efficient 5G network sharing enables service providers to offer seamless mobile broadband connectivity, ultra-low latency communications, and massive Machine-to-Machine (M2M) type communications deployment. This facilitates service providers to offer Drone-as-a-Service (DaaS) model to their users, thus ensuring continual business expansion and generation of new revenue streams.

The filming and photography segment accounted for the largest revenue share of approximately 31.0% in 2020 and is expected to continue dominating the market over the forecast period. Drones are becoming an essential part of professional photography and are increasingly being accepted by photographers to gain a competitive edge. Companies such as DJI are designing miniature drone cameras for professional photographers, which can capture high-quality photographs. Additionally, landscapes and areas that were inaccessible earlier can now be easily captured. In September 2014, when the FAA allowed the commercial drone flight, filmmakers were not among the first in line. However, today, there is an entire sub-industry of drone pilots providing services to the film and entertainment sector.

End-use Insights

The media and entertainment segment accounted for the largest market share of almost 27.0% in 2020 and is expected to continue dominating the market over the forecast period. The applications of drones in media and entertainment are diverse. Filmmakers have started using professional drones for capturing precise frames in the best economical way. The increasing demand from clients and owners for advertising resorts, hotels, tourist spots, public places, and amusement parks through aerial photography is anticipated to boost the segment’s growth.

Drones are the latest and greatest travel accessory, and with the continuous leaps and bounds in technology there are plenty on the market to choose from.

Drones regional insights drones for travel

North America accounted for the largest market share of around 37.0% in terms of volume in 2020 and is anticipated to witness significant growth over the next seven years owing to favorable government initiatives, advancements in drone technology, and the growing demand from businesses across various industries. Moreover, the Federal Aviation Administration (FAA) in the U.S. has released new regulations to provide more coherent and consistent guidelines concerning the legal and safe operation of UAVs in commercial spaces. Such rules and regulations are expected to reduce entry barriers and increase product adoption in the region.

Asia Pacific is expected to exhibit the fastest growth in terms of volume, registering a CAGR of 63.1% from 2021 to 2028. The regional demand for commercial drones is anticipated to exceed 9 million units by 2028, surpassing North America. The market growth is anticipated to be driven by a favorable regulatory landscape, especially among the developed nations. Several governments are constantly working on formulating new regulations for the commercial applications of drones. Moreover, numerous start-up companies are testing new applications of drones for commercial purposes and working on enhancing the safety of the drones.

Key Companies & Market Share Insights drones for travel

The market is consolidated with a few market participants accounting for significant market shares. Drone manufacturers and providers worldwide are developing custom-made industry-specific solutions to effectively address the business needs of their customers. Advancements in drone technologies have made it possible for manufacturers to produce a wide range of models in different sizes, weights, and shapes, which are capable of carrying different sensor payloads, making them useful across a broad application base. Some of the prominent players operating in the global commercial drone market are: