Analysis of the Global Commercial UAS Market

Analysis of the Global Commercial UAS Market : Overhyped Market to See Significant Growth Despite Regulatory and Technology Hurdles

Jan 11, 2016, 16:11 ET from ReportBuyer

LONDON, Jan. 11, 2016 /PRNewswire/ -- Globally, the commercial unmanned aircraft systems (UAS) ecosystem is growing rapidly, and a euphoric attitude that UAS utilization can make almost any aerial data collection faster, cheaper, and more efficient pervades the industry. This study takes a realistic approach to forecasting the global commercial UAS industry, accounting for current regulatory environments and industry trends. The research separates the global commercial UAS market into manageable application and platform segments and provides regional market forecasts for UAS platforms (i.e., consumer, prosumer, professional, commercial, enterprise, and fixed wing). The forecast period is from 2015 to 2020. Predictions about the market's future conclude this research service.

Key Questions This Study Will Answer

- How long will the global commercial UAS market Trend continue to grow, and at what rate?
- Who are the main competitors within various market segments, and are those competitors structured correctly to meet customer needs and remain competitive?
- When will this market become an industry and will consolidation through mergers and acquisitions (M&A) occur? What kind of partnerships have been and will be made?
- What is driving and restraining the global commercial UAS market? What current trends will define the future market?
- What technologies are still needed to make this market continue growing and which applications will be emphasized?
- How is the current global commercial UAS market segmented and will the future market be segmented the same way?

Key Findings

- The global commercial unmanned aircraft systems (UAS) market is estimated to grow from $ million in 2014 to $ billion in 2020 representing a % CAGR.
- Over the forecast period, 2015 to 2020, the average growth rate is %.
- Demand for commercial drones in North America will generate the most revenue of any region around the globe. European revenues will be a close second.
- While DJI Innovations (DJI) is widely recognized as the leader in consumer and prosumer UAS segments, that dominance does not carry over to commercial applications.

o While DJI sells an estimated % of the UAS platforms used for commercial applications, the company is only responsible for about % of annual market revenue.
o A considerable amount of DJI?s annual revenue comes from the sale of platforms to recreational users.
o There is plenty of opportunity in the nascent commercial drone platform market for innovative companies to gain market share.

- The top companies hold close to % of the commercial UAS market based on revenue.

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