DUBLIN, Nov 28, 2016 /PRNewswire/ -- Research and Markets has announced the addition of the "Global Commercial Drone-enabled Services Market 2016-2020" report to their offering.
The report forecasts the global commercial drone enabled-services market to grow at a CAGR of 35.47% during the period 2016-2020.The report has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. One of latest trends in the market is emergence of drone racing as major sport event. The use of consumer drones for sports is increasing with its growing popularity. Mountain Dew, a carbonated soft drink brand produced and owned by PepsiCo, and DR1 Racing organized a drone race in August 2016. The event used 12 of the world's top drone-racing pilots. The race was sponsored by Mountain Dew and was broadcasted globally through international sports networks like ESPN and the International Drone Racing Association. They broadcasted the event live on cable TV. According to the report, one of the primary drivers in the market is integration of commercial drones with VR technology. With technological advances, operational processes in several organizations are undergoing significant changes. Companies are increasingly focusing on developing a mobile workforce to function efficiently and to improve business operations. Various sectors such as infrastructure, tourism, agriculture, defense, oil and gas, and mining are investing heavily in workforce automation, which involves the integration of commercial drones with virtual reality (VR) and AR. With the use of such drones, companies aim to reduce human error. The integration of VR and AR into commercial drones offer different companies solutions for workforce automation.