Unmanned aircraft systems (UAS) market estimated to generate revenue of USD 4.1 billion by 2020 illuminated by new report
UAS market is led by the Americas dominated by Canada in 2014. However, by 2020 the U.S. is expected to dominate Americas UAS market. Americas region is followed by APAC dominated by Japan and China. China is the largest manufacturer of consumer drones.
Unmanned Aircraft Systems, generally abbreviated as UAS are aircraft systems that are remotely operated/ controlled. Unmanned aircrafts has evolved continuously from being used only in combat purposes to being used for commercial purposes as well.
The overall UAS market has been analyzed based on the end-user (Commercial and Consumer), by type (Fixed Winged UAS or Rotary Winged UAS), by Endurance (Low-Endurance Low-Altitude, Medium-Endurance Low-Altitude, Average-Endurance Average-Altitude and High-Endurance High-Altitude UAS), By Application (photography/ videography, agriculture, industrial, earth observation, law enforcement and so on).
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As this industry is highly competitive, major players are stressing on differentiating their products from that of their competitors’ products while major focus being on the features offered. Companies are taking efforts to offer sophisticated technology.
Earlier companies focused on features such as Wi-Fi, GPS systems, however, now the companies are focusing on more advanced features such as collision avoidance, image recognition, longer endurance & payload capacities and so on.
In 2014, of the overall revenue generated by UAS market, nearly 47% was contributed by commercial drones. Americas region emerged out to be the leading market for UAS contributing to nearly 38% of the overall UAS market dominated by North American region.
However, APAC region displays the highest growth rate led by China and Japan. By 2020, UAS market is estimated to generate revenue of $4.1 Billion.Increasing needs for automation in manufacturing plants as well as need for low cost operation are the major factors driving the growth of this market.
Rising need for low cost operations due to increasing labor & utilities cost combined with need for an alternative for faster and accurate operations are the major factors for driving this market. For instance in agriculture sector, operations is widespread across large areas.
Efficient operations associated with such large spaces is quite an challenging task as it involves large human force to manually monitor the crops from time to time. Farmers can use drones to spray pesticides, fertilizers, water, and other related applications.
UAS can also be used to identify and possibly treat a disease before it spreads. Livestock producers can monitor cattle and other livestock.
Hence, commercial drones in agriculture segment can be widely used by farmers to reduce costs and boost overall production.
With regards to mapping, survey as well as other GIS sector, capture of high-quality, real-time imagery is critical for accurate data monitoring. Also, advancement in technology has increased the need for faster delivery of data combined with need for higher resolution.
The aero-dynamics of the UAS makes it possible for the drones to fly at low altitudes and aids in collecting precise data which is generally not possible for manned aircraft or satellites. Similarly UAS aid in cost reduction of operations across wide range of industries.
The key players profiled include:
- Da-Jiang Innovations Science and Technology Co., Ltd. (China)
- Lockheed Martin Corporation (U.S.)
- AeroVironment, Inc. (U.S.)
- Parrot SA (France)
- SenseFly SA (U.S.)
- 3D Robotics, Inc. (U.S.)
- Aeryon Labs Inc. (Canada)
- The key stakeholders who would benefit from this report include:
- Product OEMs
- UAS software vendor
- Service Providers
- Component/ Sub-Component suppliers
- System integrators
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