Drones are unmanned aerial vehicle, primarily used to do tasks which involve high risk of human life. Commercial drones are extensively utilized in law enforcement search, surveillance and rescue, high al…
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 getting 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 foremost factors driving the growth of business drones market is the increasing demand of drones for commercial applications. As well as, increasing adoption of drones for enforcement of law is further fueling the growth of the commercial drones market. That is primarily because of 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 previous couple of years is aiding the expansion of this market.
However, stringent government regulations for security and safety issues are posing as a significant restraint for the growth of economic 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 predicted to witness a major growth through the forecast period primarily because of the increasing application of economic drones for law enforcements.
The market is segmented on the idea of product type by: nano drone, hybrid drone, fixed wing drone and rotary blade drone and others. On the idea of technology, the market may 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 assorted applications of economic drones primarily aims at mitigating risk of human involvement. Moreover, it also enables end users to save time and price of operations. On the idea of application of economic drones the market may 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 most important market share throughout the forecast period.
Some of the important thing 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.