The drivers for UAV Drones are rapid technological advancements in drones and increase in demand for drone-generated data in commercial applications are the key factors for the growth of the market. Further, the increase in venture funding propels the growth of the UAV drones market.
The market for commercial drones in North America is expected to grow exponentially owing to the release of the Part 107 rule by the Federal Aviation Administration (FAA) of the US. UAVs have been used by the countries in North America for military and defense applications; currently, drones are also adopted for various commercial applications such as media and entertainment, precision agriculture, law enforcement, inspection, and surveys. In Canada, UAVs have been used in diverse environments and high-risk roles such as atmospheric research, including weather and atmospheric gas sampling, and oceanographic research.
Military drones are expected to capture the largest share of the UAV drones. The military drones are being used successfully by defense agencies to guard their borders, to enforce law as well as for combat missions. For example, in September 2017, the US military launched six drone strikes against Islamic State positions in Libya. The adoption of military drones by various countries worldwide for military applications such as border security and spying is the key factor driving the growth of the military drones.
Among all the major applications of the commercial drones, the market for media and entertainment is expected to hold the largest share. Drones offer numerous advantages over other methods of capturing images; some of the benefits offered by drones include lower costs and improved quality of films and photos. This is the main driver for the growth of UAV drones market for media and entertainment.
The current market is dominated by the players such as Northrop Grumman (US), DJI (China), General Atomics Aeronautical Systems (US), Parrot (France), Thales (France), 3DR (US), Boeing (US), PrecisionHawk (US), Lockheed Martin (US), Textron (US), and AeroVironment (US).
Camera systems are used in UAVs continuous video monitoring, investigation, remote surveillance, border security, and protection of critical infrastructure, thermographic inspection of inaccessible buildings, and firefighting and law enforcement applications. The high rate of adoption of cameras for military and commercial applications is a key factor driving the growth of the UAV drones market for cameras.
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As Google and Amazon consider drones for applications ranging from providing high-speed Internet to package transfer, military planners and officials across the world are worried with the fact that economical drones, which are widely accessible in the market, could pose a severe threat to the vital aviation infrastructure, and even national security.
Drones obtainable in the market are usually lighter in weight and smaller than their military counterparts are. These selves make them harder to well detect and categorize. However, they have many legitimate usages, such as aerial photography and film-making. Their growing popularity among mass and probability for misuse in immoral activities has unlocked prospect for a new industry: developing anti-drone/counter-UAV systems.
The global anti-drone market size expected to touch USD 1.85 Billion by 2024, according to a new research report by Grand View Research, Inc., recording a 24.1% CAGR during the forecast period. Rising numbers of security abuse by unauthorized UAVs and increased acts of evil activities worldwide has predominantly determined market growth.
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