The commercial drones market has witnessed significant technological developments, partnerships across the value chain, and new product launch announcements in the past few years.
Albany, NY -- (SBWIRE) -- 09/02/2015 -- The global commercial drones market is set to grow at a rapid rate in the near future, as suggested by a research report for sale on MRRSE.com. The report, titled " Commercial Drones: Highways in the Sky, Commercial Unmanned Aerial Systems(UAS),Market Shares, Strategies, and Forecasts, Worldwide, 2015-2021 ", offers a holistic snapshot of the global commercial drones market in terms of growth rates, market players, and geographical segmentation.
According to the report, the unmanned aerial systems market, as a whole, is set to grow to reach a value of US$4.8 billion in 2021, from its 2014 value of US$608 million.
Geographically, the global commercial drones market is showing promising growth rates in the regional segments of Europe and North America. According to the report, the U.S. commercial drones market could earn a revenue of US$14 billion between 2015 and 2018. The U.S. segment alone will create over 100,000 jobs within the next decade.
Multiple countries in Europe are also displaying a steady growth rate in the global commercial drones market.
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Some of the modern units in the global commercial drones market possess hi-tech tools such as the all-weather GA-ASI Lynx® multi-mode radar with synthetic aperture radar, ground/dismount moving target indicator (SAR/GMTI), and maritime wide area search. Other features include a 2,000 lbs payload, EO/IR sensors, and maximized long loiter capabilities.
The report states that the usage of commercial drones has expanded from surveillance to modernized applications such as topological mapping, inspection, and package delivery.
One of the restraints mentioned in the report for the global commercial drones market is collisions of the commercial drones with other drones or ground objects.
The global commercial drones market receives demand from its application segments of infrastructure, power and energy, R&D, entertainment and media, sports, military, manufacturing, and law enforcement. Other fields of application of commercial drones include defense, border patrol, utilities, and the oil and gas industry.
The demand for unmanned aerial vehicles is growing in most top airframe platforms. They obtain major roles in the sectors of civil and commercial, combat, target and decoy, recon, R&D, and logistics.
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The report states that Australia and Japan have been employing commercial drones in their agriculture sectors since the 1980s. Other regions of the world started adopting the global commercial drones market for agriculture later on. This segment is currently showing highly optimistic growth rates, allowing itself to gain a larger portion of the market in the near future.
The report discusses the top players in the global commercial drones market, AeroVironment, Northrop Grumman, Boeing, Draganflyer, Lockheed Martin, and Textron. Other companies mentioned in the report include Finmeccanica, BAE Systems, China Aerospace, Laser Motive, General Atomics, MMist, and Google.
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