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A Nascent Market that is Transitioning to a Steady Growth Market with Several Growth Opportunities Yet to Be Realized
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The commercial UAS platform market continues to grow, but the growth rate is slowing. The market is maturing to the point where companies, both institutional users and third-party services providers, understand what platforms, subsystems, software, and operating procedures work best to achieve repeatable results and a high return on investment. Hence, companies that have adopted drones are beginning to focus on expanding current operations so they can produce even better results at scale. Drone operators are also developing and/or integrating hardware and software technologies that increase the level of autonomy in both drone operation and drone data-related workflows. The overall commercial UAS market is transitioning from a nascent market to a growth market but several opportunities for significant targeted growth remain.
The total commercial UAS market size was developed from historical data related to small drone sales, average prices, regional demand, and industry insider estimates. Several additional inputs, including information from primary interviews of industry participants and current as well as forecast sales trends from top competitors, were included to develop a platform market forecast removed from the hype-related estimates promoted by several competing research services. Estimates and competitive landscape information includes:
The goal of this report is to provide an outlook of the commercial UAS market for 2020 and beyond, to include discussions of global and regional platform demand, technology trends, market trends, growth opportunities within the market, and key technologies and developments that are likely to affect, and even drive, the future ecosystem.
Key Issues Addressed
This outlook also contains a number of market predictions based on an evaluation of current and expected trends. These predictions were made after consulting with several industry insiders and included discussions with several of the top of competitors in the commercial drone services market.
Author: Michael Blades
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