Commercial Drones Market Size
Unmanned aircraft systems (UAS), a type of drones, are expected to achieve a significant presence in the market. Army unmanned aircraft systems, which can fly for 3 million hours, deliver credibility to the market. Around 80% of these flight hours were recorded during combat situations in Afghanistan and Iraq.
The segment of unmanned aerial systems in the global commercial drones market was worth US$609 million in 2014. According to this WinterGreen Research report, the UAS segment will be worth US$4.8 billion by end of 2021. This is a sizable market growth and is a result of increasing application of UAS systems in in oil and gas mapping, the agricultural sector, and the utility line inspection sector. Drones provide a high amount of information and more precision, at lower prices as compared to a human inspection team.
Currently, strawberry spraying performed by drones uses the most advanced technology, which delivers maximum performance to a farm. Furthermore, harvesting robots can take images from drones to boost the productivity of the farming business by determining the ripeness of the fruit from the air.
According to the global commercial drones market report, Japan and Australia have been employing drones in the agricultural sector since the 1980s. At present, other regional markets are giving rise to several compelling applications as well. High-value crops are one of the primary targets of agricultural robotic development. Hence, the agricultural application sector in the global commercial drones market will grow by leaps and bounds during the forecast period.
Commercial drones are being used in several application sectors around the world for mapping, package delivery, surveillance, and inspection. However, the biggest hurdle the global commercial drones market needs to overcome is prevention of injuries on the ground caused by these drones. Frequent crashes of these drones and the consequent damage can virtually destroy what could be a burgeoning industry.
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The market leaders in the global commercial drones market are Textron, Lockheed Martin, Draganflyer, Boeing, Northrop Grumman, and AeroVironment. Other prominent players in this market space mentioned in the report are Google, MMist, General Atomics, Laser Motive, China Aerospace, BAE Systems, and Finmeccanica.
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