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The Drone Euphoria is Wearing Off and Steady, but Significant, Growth Will Set in Driven by Increases in Enterprise Adoption
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Commercial applications for unmanned aerial systems (UAS) are numerous and use is expanding relatively quickly. As the market matures, incumbent and new to market original equipment manufacturers (OEMs) continue to develop more capable platforms, platforms for specific use cases, and platforms for niche markets. This research separates the global commercial UAS market into manageable application and platform segments then provides a market forecast for UAS platforms by region. The commercial UAS ecosystem continues to grow, but technology adoption and proof of substantial return on investment (ROI) from integrating drones is occurring at a slower rate than proponents had hoped for and market hype had supported. In time, drones will become ubiquitous but the rate of adoption will continue to be restricted by poor engagement by legislative entities and the limited ability and/or framework to enforce rules surrounding drone use for commercial purposes.The goal of this report is to provide accurate estimates of commercial UAS platform demand based on as much empirical data as could be gathered while considering tangible drivers and restraints that will form future trends.
The total commercial UAS market size is based on calculations derived from derived from cataloguing over 2,500 companies approved to operate over 7,000 commercial drones in the US, UK, France, Ireland, and Australia. These initial distributions and estimates were adjusted using several inputs including survey results, information from primary interviews of industry participants, and current and forecast sales trends. Estimates and competitive landscape information includes:
Key Issues Addressed
This study also contains an evaluation of significant growth opportunities within commercial drone market based on trends and supported by a collection of market insights. Strategic imperatives, for executives to consider when deciding whether to act on the listed growth opportunities, are highlighted as well. Finally, a list of small, innovative companies is provided for those growth clients that are interested in mergers and acquisitions to strengthen their position in the current commercial drone ecosystem.
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