Unmanned Aircraft Systems (UAS) Market is Estimated to Grow to USD 4.1 Billion by 2020
According to the market research report “Unmanned Aircraft Systems (UAS) Market – By Product Type (Fixed Wing, Rotary Wing); By End User (Commercial, Consumer); By End User Applications (Agriculture, Law enforcement, Survey, Others)- Forecast 2020”, published by IndustryARC, the global unmanned aircraft systems (UAS) market is estimated to grow to $4.1 Billion by 2020 at a high CAGR.
Browse 63 Market Tables, 46 Figures spread through 197 Pages and an in-depth TOC on “Unmanned Aircraft Systems Market”.
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).
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.
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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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