COMMERCIAL DRONES MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Commercial Drones Market, By Type (Fixed Wing Drone, Rotary Blade Drone, and Hybrid Drone), By Maximum Takeoff Weight (Less than 2 KG, Between 2–5 KG, and More than 5 KG), By Duration (Less than 30 Min and More than 30 Min), By Range (Short), By Application (Aerial Photography, Agriculture, Emergency and Disaster Management, Inspection & Monitoring, Remote Sensing & Mapping, and Wildlife Research & Preservation), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

In December 2020, AeroVironment, Inc., a US-based drone manufacturer, acquired Germany-based ground robotic solutions company Telerob Gesellschaft für Fernhantierungstechnik mbH. This acquisition contributes to strengthening the presence of the company in the Germany, thereby increasing market share of the company in the Europe region.
In January 2021, AeroVironment, Inc. acquired Arcturus UAV, a privately-held manufacturer of Group 2 and 3 unmanned aircraft systems (UAS) and services company for a total purchase price of US$ 405 million. Furthermore, this acquisition contributed in strengthening the position of AeroVironment in the North America market.
In April 2020, an Australia based company, Orbital Corporation, signed a deal with Northrop Grumman Corporation, a manufacturer of unmanned aerial vehicles, to develop a hybrid propulsion system for a vertical take-off and landing (VTOL) unmanned aerial vehicle (UAV).