North America Commercial Drones Market 2022-2032 by Offering (Hardware, Software, Services), Frame (Fixed Wing, Rotary Blade, Nano, Hybrid), Payload (<2 Kg, 2-25 Kg, >25 Kg), Mode of Operation (Remotely Operated, Semi-Autonomous, Fully-Autonomous), Range (VLOS, EVLOS, BLOS), Application, Industry Vertical, and Country: Trend Forecast and Growth Opportunity
North America commercial drones market is projected to grow by 15.1% annually in the forecast period and reach $18.77 billion by 2032, driven by commercial drones' increased capability in gathering high-resolution images and conducting aerial surveys, the advancement of remote sensing and surveillance technologies, the rising adoption of commercial drones in business applications, and the technological advancement in drones, artificial intelligence (AI), and machine learning (ML).
Highlighted with 37 tables and 121 figures, this 200-page report “North America Commercial Drones Market 2022-2032 by Offering (Hardware, Software, Services), Frame (Fixed Wing, Rotary Blade, Nano, Hybrid), Payload (<2 Kg, 2-25 Kg, >25 Kg), Mode of Operation (Remotely Operated, Semi-Autonomous, Fully-Autonomous), Range (VLOS, EVLOS, BLOS), Application, Industry Vertical, and Country: Trend Forecast and Growth Opportunity” is based on a comprehensive research of the entire North America commercial drones market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2020-2022 and provides forecast from 2023 till 2032 with 2022 as the base year. (Please note: The report will be updated before delivery so that the latest historical year is the base year, and the forecast covers at least 5 years over the base year.)
In-depth qualitative analyses include identification and investigation of the following aspects:
• Market Structure
• Growth Drivers
• Restraints and Challenges
• Emerging Product Trends & Market Opportunities
• Porter’s Fiver Forces
The trend and outlook of North America market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19 and Russia-Ukraine conflict. The balanced (most likely) projection is used to quantify North America commercial drones market in every aspect of the classification from perspectives of Offering, Frame, Payload, Mode of Operation, Range, Application, Industry Vertical, and Country.
Based on Offering, the North America market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section.
• Hardware
o Frame
o Payloads
o Avionics
UAV Navigation Systems
UAV Sensors
UAV Flight Control Systems
UAV Communication Systems
Other Avionics
o Propulsion
UAV Engines
UAV Batteries
o Data Links
o Other Systems
• Software
o Flight Management Software
o Data Management Software
o Drone Mapping Software
o Image Processing Software
o Data Analytics Software
• Services
Based on Frame, the North America market is segmented into the following sub-markets with annual revenue ($ mn) and shipment (thousand units) for 2022-2032 included in each section.
• Fixed Wing Drones
• Rotary Blade Drones
• Nano Drones
• Hybrid Drones
By Payload, the North America market is segmented into the following sub-markets with annual revenue ($ mn) shipment (thousand units) for 2022-2032 included in each section.
• <2 Kg
• 2 Kg-25 Kg
• >25 Kg
By Mode of Operation, the North America market is segmented into the following sub-markets with annual revenue ($ mn) and shipment (thousand units) for 2022-2032 included in each section.
• Remotely Operated
• Semi-Autonomous
• Fully-Autonomous
By Range, the North America market is segmented into the following sub-markets with annual revenue ($ mn) and shipment (thousand units) for 2022-2032 included in each section.
• Visual Line of Sight (VLOS)
• Extended Visual Line of Sight (EVLOS)
• Beyond Line of Sight (BLOS)
By Application, the North America market is segmented into the following sub-markets with annual revenue ($ mn) and shipment (thousand units) for 2022-2032 included in each section.
• Inspection & Monitoring
• Surveying and Mapping
• Product Delivery
• Filming & Photography
• Precision Agriculture
• Search & Rescue
• Other Applications
By Industry Vertical, the North America market is segmented into the following sub-markets with annual revenue ($ mn) and shipment (thousand units) for 2022-2032 included in each section.
• Agriculture
• Real Estate and Construction
• Insurance Industry
• Energy Sector
• Industry and Manufacture
• Logistics and Retail
• Media and Entertainment
• Disaster and Emergency Response
• Environmental Monitoring
• Other Verticals
Geographically, the following national/local markets are fully investigated:
• U.S.
• Canada
• Mexico
For each key country, detailed analysis and data for annual revenue ($ mn) and shipment (thousand units) are available for 2022-2032. The breakdown of national markets by Frame, Mode of Operation, and Industry Vertical over the forecast years are also included.
The report also covers the current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.
Selected Key Players:
Aeronautics
Aeronavics Ltd.
Airbus S.A.S
Autel Robotics Co., Ltd.
BAE Systems
CybAero AB
Dassault Aviation
Delta Drone
Draganfly Inc.
Drone Volt SA
DroneDeploy Inc.
Ehang Holdings Limited
Elbit Systems Ltd.
General Atomics Aeronautical Systems, Inc.
Insitu Inc.
Israel Aerospace Industries Ltd.
Lockheed Martin Corporation
Northrop Grumman Corporation
Parrot Drones S.A.S
PrecisionHawk Inc.
Saab AB
SurveyCopter
SZ DJI Technology Co., Ltd.
Teledyne FLIR LLC (Teledyne Technologies Incorporated)
Textron, Inc.
Thales Group
The Boeing Company
Yuneec International Co., Ltd.
(Please note: The report will be updated before delivery so that the latest historical year is the base year, and the forecast covers at least 5 years over the base year.)
1 Introduction 11
1.1 Industry Definition and Research Scope 11
1.1.1 Industry Definition 11
1.1.2 Research Scope 12
1.2 Research Methodology 15
1.2.1 Overview of Market Research Methodology 15
1.2.2 Market Assumption 16
1.2.3 Secondary Data 16
1.2.4 Primary Data 16
1.2.5 Data Filtration and Model Design 17
1.2.6 Market Size/Share Estimation 18
1.2.7 Research Limitations 19
1.3 Executive Summary 20
2 Market Overview and Dynamics 23
2.1 Market Size and Forecast 23
2.1.1 Impact of COVID-19 on World Economy 26
2.1.2 Impact of COVID-19 on the Market 29
2.1.3 Impact of Russia-Ukraine Conflict: War Slows Economic Recovery 31
2.2 Major Growth Drivers 35
2.3 Market Restraints and Challenges 39
2.4 Emerging Opportunities and Market Trends 44
2.5 Porter’s Fiver Forces Analysis 48
3 Segmentation of North America Market by Offering 52
3.1 Market Overview by Offering 52
3.2 Hardware 54
3.2.1 Frame 56
3.2.2 Payloads 57
3.2.3 Avionics 58
3.2.4 Propulsion 60
3.2.5 Data Links 61
3.2.6 Other Systems 62
3.3 Software 63
3.3.1 Flight Management Software 65
3.3.2 Data Management Software 66
3.3.3 Drone Mapping Software 67
3.3.4 Image Processing Software 68
3.3.5 Data Analytics Software 69
3.4 Services 70
4 Segmentation of North America Market by Frame 71
4.1 Market Overview by Frame 71
4.2 Fixed Wing Drones 75
4.3 Rotary Blade Drones 77
4.4 Nano Drones 79
4.5 Hybrid Drones 81
5 Segmentation of North America Market by Payload 83
5.1 Market Overview by Payload 83
5.2 <2 Kg 87
5.3 2 Kg-25 Kg 89
5.4 >25 Kg 91
6 Segmentation of North America Market by Mode of Operation 93
6.1 Market Overview by Mode of Operation 93
6.2 Remotely Operated 97
6.3 Semi-Autonomous 99
6.4 Fully-Autonomous 101
7 Segmentation of North America Market by Range 103
7.1 Market Overview by Range 103
7.2 Visual Line of Sight (VLOS) 107
7.3 Extended Visual Line of Sight (EVLOS) 109
7.4 Beyond Line of Sight (BLOS) 111
8 Segmentation of North America Market by Application 113
8.1 Market Overview by Application 113
8.2 Inspection & Monitoring 117
8.3 Surveying and Mapping 119
8.4 Product Delivery 121
8.5 Filming & Photography 123
8.6 Precision Agriculture 125
8.7 Search & Rescue 127
8.8 Other Applications 129
9 Segmentation of North America Market by Industry Vertical 131
9.1 Market Overview by Industry Vertical 131
9.2 Agriculture 135
9.3 Real Estate and Construction 137
9.4 Insurance Industry 139
9.5 Energy Sector 141
9.6 Industry and Manufacture 143
9.7 Logistics and Retail 145
9.8 Media and Entertainment 147
9.9 Disaster and Emergency Response 149
9.10 Environmental Monitoring 151
9.11 Other Verticals 153
10 North America Market 2022-2032 by Country 155
10.1 Overview of North America Market 155
10.2 U.S. 160
10.3 Canada 163
10.4 Mexico 165
11 Competitive Landscape 167
11.1 Overview of Key Vendors 167
11.2 New Product Launch, Partnership, Investment, and M&A 170
11.3 Company Profiles 171
Aeronautics 171
Aeronavics Ltd. 173
Airbus S.A.S 174
Autel Robotics Co., Ltd. 175
BAE Systems 176
CybAero AB 177
Dassault Aviation 178
Delta Drone 179
Draganfly Inc. 180
Drone Volt SA 181
DroneDeploy Inc. 182
Ehang Holdings Limited 183
Elbit Systems Ltd. 184
General Atomics Aeronautical Systems, Inc. 185
Insitu Inc. 186
Israel Aerospace Industries Ltd. 187
Lockheed Martin Corporation 188
Northrop Grumman Corporation 189
Parrot Drones S.A.S 190
PrecisionHawk Inc. 191
Saab AB 192
SurveyCopter 193
SZ DJI Technology Co., Ltd. 194
Teledyne FLIR LLC (Teledyne Technologies Incorporated) 195
Textron, Inc. 196
Thales Group 197
The Boeing Company 198
Yuneec International Co., Ltd. 199
RELATED REPORTS 200
List of Tables:
Table 1. Snapshot of North America Commercial Drones Market in Balanced Perspective, 2022-2032 21
Table 2. World Economic Outlook, 2021-2031 27
Table 3. World Economic Outlook, 2021-2023 28
Table 4. Scenarios for Economic Impact of Ukraine Crisis 32
Table 5. Regulatory Body by Country 42
Table 6. Main Product Trends and Market Opportunities in North America Commercial Drones Market 44
Table 7. North America Commercial Drones Market by Offering, 2022-2032, $ mn 52
Table 8. North America Commercial Drones Market: Hardware by System, 2022-2032, $ mn 55
Table 9. North America Commercial Drones Market: Avionics by Type, 2022-2032, $ mn 59
Table 10. North America Commercial Drones Market: Propulsion by Type, 2022-2032, $ mn 60
Table 11. North America Commercial Drones Market: Software by Type, 2022-2032, $ mn 64
Table 12. North America Commercial Drones Market by Frame, 2022-2032, $ mn 71
Table 13. North America Commercial Drones Market by Frame, 2022-2032, thousand units 73
Table 14. North America Commercial Drones Market by Payload, 2022-2032, $ mn 83
Table 15. North America Commercial Drones Market by Payload, 2022-2032, thousand units 85
Table 16. North America Commercial Drones Market by Mode of Operation, 2022-2032, $ mn 93
Table 17. North America Commercial Drones Market by Mode of Operation, 2022-2032, thousand units 95
Table 18. North America Commercial Drones Market by Range, 2022-2032, $ mn 103
Table 19. North America Commercial Drones Market by Range, 2022-2032, thousand units 105
Table 20. North America Commercial Drones Market by Application, 2022-2032, $ mn 113
Table 21. North America Commercial Drones Market by Application, 2022-2032, thousand units 115
Table 22. North America Commercial Drones Market by Industry Vertical, 2022-2032, $ mn 131
Table 23. North America Commercial Drones Market by Industry Vertical, 2022-2032, thousand units 133
Table 24. North America Commercial Drones Market by Country, 2022-2032, $ mn 156
Table 25. North America Commercial Drones Market by Country, 2022-2032, thousand units 158
Table 26. U.S. Commercial Drones Market by Frame, 2022-2032, $ mn 162
Table 27. U.S. Commercial Drones Market by Mode of Operation, 2022-2032, $ mn 162
Table 28. U.S. Commercial Drones Market by Industry Vertical, 2022-2032, $ mn 162
Table 29. Canada Commercial Drones Market by Frame, 2022-2032, $ mn 164
Table 30. Canada Commercial Drones Market by Mode of Operation, 2022-2032, $ mn 164
Table 31. Canada Commercial Drones Market by Industry Vertical, 2022-2032, $ mn 164
Table 32. Mexico Commercial Drones Market by Frame, 2022-2032, $ mn 166
Table 33. Mexico Commercial Drones Market by Mode of Operation, 2022-2032, $ mn 166
Table 34. Mexico Commercial Drones Market by Industry Vertical, 2022-2032, $ mn 166
Table 35. Aeronautics: Company Snapshot 171
Table 36. Aeronautics: Business Segmentation 172
Table 37. Aeronautics: Product Portfolio 172List of Figures:
Figure 1. Research Method Flow Chart 15
Figure 2. Bottom-up Approach and Top-down Approach for Market Estimation 18
Figure 3. North America Market Forecast in Optimistic, Conservative and Balanced Perspectives, 2022-2032 20
Figure 4. Industry Value Chain Analysis 23
Figure 5. North America Commercial Drones Market, 2022-2032, $ mn 24
Figure 6. North America Commercial Drones Market, 2022-2032, thousand units 25
Figure 7. Impact of COVID-19 on Business 29
Figure 8. Primary Drivers and Impact Factors of North America Commercial Drones Market 35
Figure 9. World Total InsurTech Investment by Year and Grand Total Split by P&C and L&H, 2012-2022, $ million 38
Figure 10. World Construction Industry, 2019-2030, $ trillion 38
Figure 11. Primary Restraints and Impact Factors of North America Commercial Drones Market 39
Figure 12. Investment Opportunity Analysis 45
Figure 13. Porter’s Fiver Forces Analysis of North America Commercial Drones Market 48
Figure 14. Breakdown of North America Commercial Drones Market by Offering, 2022-2032, % of Revenue 53
Figure 15. North America Addressable Market Cap in 2023-2032 by Offering, Value ($ mn) and Share (%) 53
Figure 16. North America Commercial Drones Market by Offering: Hardware, 2022-2032, $ mn 54
Figure 17. North America Commercial Drones Market by Hardware: Frame, 2022-2032, $ mn 56
Figure 18. North America Commercial Drones Market by Hardware: Payloads, 2022-2032, $ mn 57
Figure 19. North America Commercial Drones Market by Hardware: Avionics, 2022-2032, $ mn 58
Figure 20. North America Commercial Drones Market by Hardware: Propulsion, 2022-2032, $ mn 60
Figure 21. North America Commercial Drones Market by Hardware: Data Links, 2022-2032, $ mn 61
Figure 22. North America Commercial Drones Market by Hardware: Other Systems, 2022-2032, $ mn 62
Figure 23. North America Commercial Drones Market by Offering: Software, 2022-2032, $ mn 63
Figure 24. North America Commercial Drones Market by Software: Flight Management Software, 2022-2032, $ mn 65
Figure 25. North America Commercial Drones Market by Software: Data Management Software, 2022-2032, $ mn 66
Figure 26. North America Commercial Drones Market by Software: Drone Mapping Software, 2022-2032, $ mn 67
Figure 27. North America Commercial Drones Market by Software: Image Processing Software, 2022-2032, $ mn 68
Figure 28. North America Commercial Drones Market by Software: Data Analytics Software, 2022-2032, $ mn 69
Figure 29. North America Commercial Drones Market by Offering: Services, 2022-2032, $ mn 70
Figure 30. Breakdown of North America Commercial Drones Market by Frame, 2022-2032, % of Sales Revenue 72
Figure 31. North America Addressable Market Cap in 2023-2032 by Frame, Value ($ mn) and Share (%) 72
Figure 32. Breakdown of North America Commercial Drones Market by Frame, 2022-2032, % of Sales Volume 74
Figure 33. North America Addressable Market Cap in 2023-2032 by Frame, Sales Volume (thousand units) and Share (%) 74
Figure 34. North America Commercial Drones Market by Frame: Fixed Wing Drones, 2022-2032, $ mn 75
Figure 35. North America Commercial Drones Market by Frame: Fixed Wing Drones, 2022-2032, thousand units 76
Figure 36. North America Commercial Drones Market by Frame: Rotary Blade Drones, 2022-2032, $ mn 77
Figure 37. North America Commercial Drones Market by Frame: Rotary Blade Drones, 2022-2032, thousand units 78
Figure 38. North America Commercial Drones Market by Frame: Nano Drones, 2022-2032, $ mn 79
Figure 39. North America Commercial Drones Market by Frame: Nano Drones, 2022-2032, thousand units 80
Figure 40. North America Commercial Drones Market by Frame: Hybrid Drones, 2022-2032, $ mn 81
Figure 41. North America Commercial Drones Market by Frame: Hybrid Drones, 2022-2032, thousand units 82
Figure 42. Breakdown of North America Commercial Drones Market by Payload, 2022-2032, % of Sales Revenue 84
Figure 43. North America Addressable Market Cap in 2023-2032 by Payload, Value ($ mn) and Share (%) 84
Figure 44. Breakdown of North America Commercial Drones Market by Payload, 2022-2032, % of Sales Volume 86
Figure 45. North America Addressable Market Cap in 2023-2032 by Payload, Sales Volume (thousand units) and Share (%) 86
Figure 46. North America Commercial Drones Market by Payload: <2 Kg, 2022-2032, $ mn 87
Figure 47. North America Commercial Drones Market by Payload: <2 Kg, 2022-2032, thousand units 88
Figure 48. North America Commercial Drones Market by Payload: 2 Kg-25 Kg, 2022-2032, $ mn 89
Figure 49. North America Commercial Drones Market by Payload: 2 Kg-25 Kg, 2022-2032, thousand units 90
Figure 50. North America Commercial Drones Market by Payload: >25 Kg, 2022-2032, $ mn 91
Figure 51. North America Commercial Drones Market by Payload: >25 Kg, 2022-2032, thousand units 92
Figure 52. Breakdown of North America Commercial Drones Market by Mode of Operation, 2022-2032, % of Revenue 94
Figure 53. North America Addressable Market Cap in 2023-2032 by Mode of Operation, Value ($ mn) and Share (%) 94
Figure 54. Breakdown of North America Commercial Drones Market by Mode of Operation, 2022-2032, % of Sales Volume 96
Figure 55. North America Addressable Market Cap in 2023-2032 by Mode of Operation, Sales Volume (thousand units) and Share (%) 96
Figure 56. North America Commercial Drones Market by Mode of Operation: Remotely Operated, 2022-2032, $ mn 97
Figure 57. North America Commercial Drones Market by Mode of Operation: Remotely Operated, 2022-2032, thousand units 98
Figure 58. North America Commercial Drones Market by Mode of Operation: Semi-Autonomous, 2022-2032, $ mn 99
Figure 59. North America Commercial Drones Market by Mode of Operation: Semi-Autonomous, 2022-2032, thousand units 100
Figure 60. North America Commercial Drones Market by Mode of Operation: Fully-Autonomous, 2022-2032, $ mn 101
Figure 61. North America Commercial Drones Market by Mode of Operation: Fully-Autonomous, 2022-2032, thousand units 102
Figure 62. Breakdown of North America Commercial Drones Market by Range, 2022-2032, % of Revenue 104
Figure 63. North America Addressable Market Cap in 2023-2032 by Range, Value ($ mn) and Share (%) 104
Figure 64. Breakdown of North America Commercial Drones Market by Range, 2022-2032, % of Sales Volume 106
Figure 65. North America Addressable Market Cap in 2023-2032 by Range, Sales Volume (thousand units) and Share (%) 106
Figure 66. North America Commercial Drones Market by Range: Visual Line of Sight (VLOS), 2022-2032, $ mn 107
Figure 67. North America Commercial Drones Market by Range: Visual Line of Sight (VLOS), 2022-2032, thousand units 108
Figure 68. North America Commercial Drones Market by Range: Extended Visual Line of Sight (EVLOS), 2022-2032, $ mn 109
Figure 69. North America Commercial Drones Market by Range: Extended Visual Line of Sight (EVLOS), 2022-2032, thousand units 110
Figure 70. North America Commercial Drones Market by Range: Beyond Line of Sight (BLOS), 2022-2032, $ mn 111
Figure 71. North America Commercial Drones Market by Range: Beyond Line of Sight (BLOS), 2022-2032, thousand units 112
Figure 72. Breakdown of North America Commercial Drones Market by Application, 2022-2032, % of Revenue 113
Figure 73. North America Addressable Market Cap in 2023-2032 by Application, Value ($ mn) and Share (%) 114
Figure 74. Breakdown of North America Commercial Drones Market by Application, 2022-2032, % of Sales Volume 115
Figure 75. North America Addressable Market Cap in 2023-2032 by Application, Sales Volume (thousand units) and Share (%) 116
Figure 76. North America Commercial Drones Market by Application: Inspection & Monitoring, 2022-2032, $ mn 117
Figure 77. North America Commercial Drones Market by Application: Inspection & Monitoring, 2022-2032, thousand units 118
Figure 78. North America Commercial Drones Market by Application: Surveying and Mapping, 2022-2032, $ mn 119
Figure 79. North America Commercial Drones Market by Application: Surveying and Mapping, 2022-2032, thousand units 120
Figure 80. North America Commercial Drones Market by Application: Product Delivery, 2022-2032, $ mn 121
Figure 81. North America Commercial Drones Market by Application: Product Delivery, 2022-2032, thousand units 122
Figure 82. North America Commercial Drones Market by Application: Filming & Photography, 2022-2032, $ mn 123
Figure 83. North America Commercial Drones Market by Application: Filming & Photography, 2022-2032, thousand units 124
Figure 84. North America Commercial Drones Market by Application: Precision Agriculture, 2022-2032, $ mn 125
Figure 85. North America Commercial Drones Market by Application: Precision Agriculture, 2022-2032, thousand units 126
Figure 86. North America Commercial Drones Market by Application: Search & Rescue, 2022-2032, $ mn 127
Figure 87. North America Commercial Drones Market by Application: Search & Rescue, 2022-2032, thousand units 128
Figure 88. North America Commercial Drones Market by Application: Other Applications, 2022-2032, $ mn 129
Figure 89. North America Commercial Drones Market by Application: Other Applications, 2022-2032, thousand units 130
Figure 90. Breakdown of North America Commercial Drones Market by Industry Vertical, 2022-2032, % of Revenue 132
Figure 91. North America Addressable Market Cap in 2023-2032 by Industry Vertical, Value ($ mn) and Share (%) 132
Figure 92. Breakdown of North America Commercial Drones Market by Industry Vertical, 2022-2032, % of Sales Volume 133
Figure 93. North America Addressable Market Cap in 2023-2032 by Industry Vertical, Sales Volume (thousand units) and Share (%) 134
Figure 94. North America Commercial Drones Market by Industry Vertical: Agriculture, 2022-2032, $ mn 135
Figure 95. North America Commercial Drones Market by Industry Vertical: Agriculture, 2022-2032, thousand units 136
Figure 96. North America Commercial Drones Market by Industry Vertical: Real Estate and Construction, 2022-2032, $ mn 137
Figure 97. North America Commercial Drones Market by Industry Vertical: Real Estate and Construction, 2022-2032, thousand units 138
Figure 98. North America Commercial Drones Market by Industry Vertical: Insurance Industry, 2022-2032, $ mn 139
Figure 99. North America Commercial Drones Market by Industry Vertical: Insurance Industry, 2022-2032, thousand units 140
Figure 100. North America Commercial Drones Market by Industry Vertical: Energy Sector, 2022-2032, $ mn 141
Figure 101. North America Commercial Drones Market by Industry Vertical: Energy Sector, 2022-2032, thousand units 142
Figure 102. North America Commercial Drones Market by Industry Vertical: Industry and Manufacture, 2022-2032, $ mn 143
Figure 103. North America Commercial Drones Market by Industry Vertical: Industry and Manufacture, 2022-2032, thousand units 144
Figure 104. North America Commercial Drones Market by Industry Vertical: Logistics and Retail, 2022-2032, $ mn 145
Figure 105. North America Commercial Drones Market by Industry Vertical: Logistics and Retail, 2022-2032, thousand units 146
Figure 106. North America Commercial Drones Market by Industry Vertical: Media and Entertainment, 2022-2032, $ mn 147
Figure 107. North America Commercial Drones Market by Industry Vertical: Media and Entertainment, 2022-2032, thousand units 148
Figure 108. North America Commercial Drones Market by Industry Vertical: Disaster and Emergency Response, 2022-2032, $ mn 149
Figure 109. North America Commercial Drones Market by Industry Vertical: Disaster and Emergency Response, 2022-2032, thousand units 150
Figure 110. North America Commercial Drones Market by Industry Vertical: Environmental Monitoring, 2022-2032, $ mn 151
Figure 111. North America Commercial Drones Market by Industry Vertical: Environmental Monitoring, 2022-2032, thousand units 152
Figure 112. North America Commercial Drones Market by Industry Vertical: Other Verticals, 2022-2032, $ mn 153
Figure 113. North America Commercial Drones Market by Industry Vertical: Other Verticals, 2022-2032, thousand units 154
Figure 114. Breakdown of North America Commercial Drones Market by Country, 2022 and 2032, % of Revenue 156
Figure 115. Contribution to North America 2023-2032 Cumulative Market by Country, Value ($ mn) and Share (%) 157
Figure 116. Breakdown of North America Commercial Drones Market by Country, 2022 and 2032, % of Shipment 158
Figure 117. Contribution to North America 2023-2032 Cumulative Market by Country, Shipment (thousand units) and Share (%) 159
Figure 118. U.S. Commercial Drones Market, 2022-2032, $ mn 161
Figure 119. Canada Commercial Drones Market, 2022-2032, $ mn 163
Figure 120. Commercial Drones Market in Mexico, 2022-2032, $ mn 165
Figure 121. Growth Stage of North America Commercial Drones Industry over the Forecast Period 167
Methodology/Research Approach
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.Research Programs/Design
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Market Size Estimation
Top-down and bottom-up approaches are used to validate the global Voluntary Carbon Offset market size market and estimate the market size for Company, regions segments, product segments and Application (end users).
The market estimations in this report are based on the marketed sale price of Voluntary Carbon Offset (excluding any discounts provided by the player, distributor, wholesaler or traders). The percentage splits, market share, and breakdowns of the product segments are derived on the basis of weights assigned to each of the segments on the basis of their utilization rate and average sale price. The regional splits of the overall Voluntary Carbon Offset market and its sub-segments are based on the percentage adoption or utilization of the given product in the respective region or country.
Major Company in the market is identified through secondary research and their market revenues determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top Company; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs and marketing executives. The percentage splits, market share, Growth Rate and breakdowns of the product markets are determined through using secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or other factors are not accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Market Intellix and presented in this report
The following figure shows an illustrative representation of the overall market size estimation process used for this study.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation, extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report. Extensive qualitative and further quantitative analysis is also done from all the numbers arrived at in the complete market engineering process to list key information throughout the report.
Data Source
Secondary Sources
Secondary sources include such as press releases, annual reports, non-profit organizations, industry associations, governmental agencies and customs data, etc. This research study involves the usage of widespread secondary sources, directories, databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), and TRADING ECONOMICS, and News Network, statista, Federal Reserve Economic Data, annual reports, BIS Statistics, ICIS; company house documents; CAS(American Chemical Society); investor presentations; and SEC filings of companies. Secondary research was used to identify and collect information useful for the extensive, technical, market-oriented, and Hospitals study of the Voluntary Carbon Offset market. It was also used to obtain important information about the top companies, market classification and segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives.
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Primary Sources
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product Company (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end use (product buyers), and related key executives from various key companies and organizations operating in the global market.
Primary research was conducted to identify segmentation Type, product price range, product Application, key Company, raw materials supply and the downstream demand, industry status and outlook, and key market dynamics such as risks, influence factors, opportunities, market barriers, industry trends, and key player strategies.
Key Executives Interviewed
Key Data Information from Primary Sources
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