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Though there are many legal, technological, and regulatory barriers
to be overcome, commercial drones are estimated to create
approximately 70,000 job opportunities and thus enhance the U.S.
economy over the next few years. High officials in the American
government have spoken about global commercial drones market having a
“transformative role” in applications such as urban
infrastructure, coastal security, farming, military training,
disaster response, and search and rescue. Federal agencies have been
given deadlines to draft guidelines related to privacy, safety, and
economic issues regarding the use of commercial drones in the U.S.
Law Enforcement and Commercial Applications Fueling Market
Commercial drones are also used in commercial applications. Law
enforcement processes also require the use of commercial drones and
this factor is fueling market growth. Drones have the capability of
transferring videos and high resolution images in real time to base
stations. Additionally, important technological innovations that
include enhanced designs and improved data processing abilities have
bolstered the growth prospects of the commercial drone market.
However, stringent government regulations related to safety and
security are curbing the market for commercial drones. Another market
hindrance for commercial drones is the dearth of air traffic
management systems and scarcity of trained pilots. Nonetheless,
market expansion is anticipated for commercial drones due to novel
uses in law enforcement operations.
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Segments of commercial drones based on product type are hybrid
drones, nano drones, fixed wing drones, rotary blade drones, and
others. On the basis of technology, the commercial drones market is
segregated into collision avoidance systems, cyber-security and
jamming, communication data links, automation systems, energy and
propulsion systems, radio frequency spectrum capacity, and on-board
data processing.
Law Enforcement Application Expected to Have Largest Market Share
On the basis of application the commercial drone market is divided
into agriculture, media and entertainment, infrastructure, law
enforcement, scientific research, and energy and power. Law
enforcement is expected to hold the largest market share in the next
few years.
Commercial drones help alleviate risks of human involvement and help
cut down on the cost and duration of operations. At present,
commercial drones are available with innovative technology that
includes highly accurate high-definition photos and videos of large
expanses and from high altitudes. These state-of-the-art devices have
potential uses in shipping, construction, movies and videography,
real estate, oil and gas, agriculture, and many other industries.
The key market players for commercial drones are Trimble Uas, Hoovy
Llc, Precision Hawk, Drone Deploy, 3D Robotics, Turkish Aerospace
Industries, Inc., Finmeccaniaca Spa, Northrop Grumman Corporation,
Lockheed Martin Corporation, Aurora Flight Sciences, Boeing
Corporation, Thales Sa, Bae Systems Plc, Aerovironment Inc, Israel
Aerospace Industries Ltd. (Iai), Textron Inc, Sensefly, Elbit
Systems, Aeronautics Ltd., Safran Sa, Vdos Denel Soc Ltd., General
Atomic Aeronautical Systems Ltd., Denel Soc Ltd. DJI, and Airware
Inc., among others.
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Drones Market at :
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