The
unmanned aerial systems market is projected to reach USD 4.8 billion by 2021.
It had a prior market value of USD 609 million in 2014. The market is expected
to grow on account of being utilized for various applications like agriculture,
oil & gas mapping, packaging delivery, and utility line inspection. It can
provide efficient information at a cheaper price. Their demand is seemingly high
for military and defense operations.
Next
generation unmanned aerial systems, also known as drones, will be used for 3D
mapping, border patrol, photography, and commercial pipeline manning. The
unmanned aerial systems market is poised to grow on account of navigation and
economic visualization provided by them. Visualization includes inspection,
mapping, package delivery, and surveillance by air.
Unmanned
aerial systems have logged in 3 million flight hours of combat in Afghanistan
and Iraq lending it credibility for war zones. In 2015, Amazon Inc. have
requested for airspace to concerned authorities for making timely deliveries to
customers.
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Australia
and Japan have employed drones for agricultural purposes since the ‘80s. They
use it to cultivate high value crops like strawberries. Farmers can benefit by
using drones to pick berries using an automated process. Automated systems
improve productivity, resulting in speedier harvest operations.
Regulatory
bodies like Federal Aviation Administration (FAA) and European Aviation Safety
Agency (EASA) have banned the use of drones keeping in mind the safety of
citizens and difficulty of managing air traffic. Although, new rules created by
the FAA permit the deployment of drones making it feasible for the unmanned
aerial systems market. They have been ordered to stay below 500 feet from the
air and delivering packages below 55 pounds.
The
unmanned aerial systems market will build highways in skies above in the coming
future. Manufacturers need to collaborate and form standards to provide a base
for the market. Drones can be employed in Alaskan oil fields and high utility
wires. They have been used by the US Army for precision-strike missions and
intelligence, surveillance, and reconnaissance (ISR) coverage.
Reputed
players of the unmanned aerial systems market are Lockheed Martin, Draganflyer,
BAE Systems, Proxy Technologies, and AeroVironment.
Companies
Profiled
-
Market Leaders
-
Lockheed Martin
-
Textron
-
Boeing / Insitu
-
Northrop Grumman
-
Draganflyer
-
AeroVironment
Market
Participants
-
AeroVironment
-
Finmeccanica
-
MMist
-
ASN Technologies
-
General Atomics
-
Northrop Grumman
-
Aurora Flight
-
Google
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