Drones
are unmanned aerial vehicle, primarily used to do tasks which involve
high risk of human life. Commercial
drones are extensively used in law enforcement search,
surveillance and rescue, high altitude imaging, emergency response,
forest fire monitoring, humanitarian aid, flood mapping, product
delivery, photography and film industry, petroleum spill monitoring
and internet connectivity. In addition, drones are also being used
for environmental monitoring and mapping, hyper spectral imaging,
soil moisture imaging, plume dispersion and tracking, in-situ
atmospheric monitoring and aerosol source determination among others.
The
major factors driving the growth of commercial drones market is the
increasing demand of drones for commercial applications. In addition,
increasing adoption of drones for enforcement of law is further
fueling the growth of the commercial drones market. This is primarily
due to the ability of drones for transferring high resolution images
and video and other surveillance data in real time to base stations.
Moreover, significant technological advancements including improved
design and better data processing capabilities in the last few years
is aiding the growth of this market.
However, stringent government regulations for security and safety
issues are posing as a major restraint for the growth of commercial
drones market. Moreover, scarcity of trained pilots and lack of air
traffic management systems is further retraining the growth of this
market. Nevertheless, the market is expected to witness a significant
growth during the forecast period primarily due to the increasing
application of commercial drones for law enforcements.
The
market is segmented on the basis of product type by: nano drone,
hybrid drone, fixed wing drone and rotary blade drone and others. On
the basis of technology, the market can be further segmented into:
automation systems, collision avoidance systems, energy and
propulsion systems, cyber-security and jamming, radio frequency
spectrum capacity and communication data links and on-board data
processing among others.
The
various applications of commercial drones primarily aims at
mitigating risk of human involvement. Moreover, it also enables end
users to save time and cost of operations. On the basis of
application of commercial drones the market can be categorized into
law enforcement, energy and power manufacturing, media and
entertainment, scientific research, agriculture and infrastructure
among others. The law enforcement application segment among others is
expected to hold the largest market share during the forecast period.
Some
of the key players in this market are: Hoovy Llc, Trimble Uas, 3D
Robotics, Precision Hawk, Drone Deploy, Finmeccaniaca Spa, Turkish
Aerospace Industries, Inc., Northrop Grumman Corporation, Aurora
Flight Sciences, Lockheed Martin Corporation, Boeing Corporation,
Aerovironment Inc, Thales Sa, Bae Systems Plc, Israel Aerospace
Industries Ltd. (Iai), Textron Inc, Aeronautics Ltd., Elbit Systems,
Safran Sa, Denel Soc Ltd. Denel Soc Ltd., General Atomic Aeronautical
Systems Ltd., Airware Inc. DJI, Sensefly, and Vdos among others.
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