The Commercial Drone Market Is Set To Soar According to New Report from Market Research International

The commercial drone market is set for massive growth, according to a new report available from Market Research International.

Milton Keynes, UK April 06, 2015


The commercial drone market is set for massive growth, according to a new report available from Market Research International. Commercial drones (otherwise called unmanned aerial systems) currently account for $609 million in sales. This is set to grow to $4.8 billion by 2021 - exponential growth by anyone's standards.

Where is the growth going to come from? Well, in addition to the obvious military applications, there are a broad spread of industry sectors that will drive growth, including oil and gas mapping, utility line inspections (e.g. electricity cables), parcel delivery, private security, border patrol, photography, crowd management, and agricultural applications. Replacing human inspection with drones is a less costly affair.

Consumers are also buying drones in their millions, although there has been some public disquiet about the use of drones by the public and the need for tighter regulation. There are regulations in place covering the use of drones, but given the expected growth in commercial drones, regulations are likely to be tightened up significantly.

In February 2015, The Federal Aviation Administration proposed a policy that would replace the current near-ban on flying drones for commercial purposes with a simple approval process for operators governing commercial flight of any drone up to 55 pounds. Operators would be required only to pass a written exam on FAA rules to obtain a certificate from the agency for drone flying, and to comply with certain safety requirements. The test must be passed again every two years.

Those safety requirements would limit commercial drone flights to below 500 feet, during daytime hours and within sight of the operator. Notably, the proposed rule would also ban flying commercial drones near airports or over people not involved in the drones flight.

According to the author of the team that prepared the commercial unmanned aircraft market research study, "Commercial unmanned aircraft are small, light, speedy devices able to field many different payloads for mapping, surveillance, and delivery. Commercial unmanned aircraft promise to proliferate, paving the way for a new world order based on innovation. The commercial unmanned aircraft are perhaps the most innovative, most interesting technology emerging."

The new 630 page report, Commercial Drones: Unmanned Aerial Systems (UAS), Market Shares, Strategies, and Forecasts, Worldwide, 2015 to 2021, provides a detailed examination of the potential of commercial drones. The study profiles the leading players in the market and provides market forecasts.

Commercial Drones: Unmanned Aerial Systems (UAS), Market Shares, Strategies, and Forecasts, Worldwide, 2015 to 2021

http://www.marketresearchint.com/aerospace-market-research-reports/commercial-drones-unmanned-aerial-systems-uas-market-shares-strategies-and-forecasts-worldwide-2015-to-2021.html

Featured Product

BitFlow Introduces 6th Generation Camera Link Frame Grabber: The Axion

BitFlow Introduces 6th Generation Camera Link Frame Grabber: The Axion

BitFlow has offered a Camera Link frame grabbers for almost 15 years. This latest offering, our 6th generation combines the power of CoaXPress with the requirements of Camera Link 2.0. Enabling a single or two camera system to operate at up to 850 MB/S per camera, the Axion-CL family is the best choice for CL frame grabber. Like the Cyton-CXP frame grabber, the Axion-CL leverages features such as the new StreamSync system, a highly optimized DMA engine, and expanded I/O capabilities that provide unprecedented flexibility in routing. There are two options available; Axion 1xE & Axion 2xE. The Axion 1xE is compatible with one base, medium, full or 80-bit camera offering PoCL, Power over Camera Link, on both connectors. The Axion 2xE is compatible with two base, medium, full or 80-bit cameras offering PoCL on both connectors for both cameras. The Axion-CL is a culmination of the continuous improvements and updates BitFlow has made to Camera Link frame grabbers.