The global commercial UAS platform market is expected to
reach $22.28 billion by 2025, finds
Frost & Sullivan
SANTA CLARA, Calif.,
June 17, 2021 /PRNewswire/
-- Frost & Sullivan's recent analysis, Global
Commercial UAS Outlook, 2021, finds that autonomy and
artificial intelligence (AI) promote commercial unmanned aerial
system (UAS) adoption and associated market growth globally.
Autonomous flight reduces workforce costs, whereas AI-driven data
collection and processing shorten the time it takes to produce
results, directly impacting decision-making. The global commercial
UAS platform market is expected to reach $22.28 billion by 2025 from $9.43 billion in 2020, registering strong
growth at a compound annual growth rate (CAGR) of 18.8%.
Additionally, COVID-19 will positively impact the commercial UAS
market as the pandemic-triggered safety concerns will push the
drone adoption rate across industries, thereby reducing human
contact to minimize the transmission of COVID-19.
For further information on this analysis, please visit:
http://frost.ly/5uu
"The willingness of many countries to relax drone-related
restrictions or quickly grant waivers for their use has resulted in
increased and accelerated awareness about the benefits that drones
can offer in delivering a wide range of medicines and goods,
especially in areas where infrastructure is lacking,"
said Michael Blades, VP
Research, Aerospace & Defense Practice, Frost &
Sullivan. "This will encourage companies that supply products
and technologies enabling a drone delivery ecosystem to look for
strategic partnerships and work with national aviation authorities
to advance rulemaking."
Blades added: "As the commercial UAS market transitions to a
steady growth market, the trend of accelerating mergers and
acquisitions (M&A) will continue throughout 2021. Further,
consolidation will focus on developing vertically integrated
hardware or end-to-end software solutions."
Market participants should try to capitalize on the following
growth prospects:
- Software and Hardware that Improve Autonomous Flight and
Data Processing: Drone original equipment manufacturers (OEMs)
should work with partners to ensure they have software and sensors
integrated into their platforms that provide robust collision and
obstacle avoidance when conducting automated flight
plans/profiles.
- Drones for Delivering Consumer Goods and Food: Drone
OEMs should work with civil aviation authorities to ensure their
platforms meet airworthiness requirements, which will eventually
permit them to fly autonomously beyond visual line of sight (BVLOS)
missions.
- Providing Drone Hardware and Software that Enable Highly
Accurate Inspections: Companies should maximize imaging and
data collection stability by centering them on autonomy, precise
control of the platforms/sensors, and the ability to carry advanced
camera and sensor payloads.
Global Commercial UAS Outlook, 2021 is part of Frost
& Sullivan's Global Aerospace & Defense Growth
Partnership Service program.
About Frost & Sullivan
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Global Commercial UAS Outlook, 2021
K618-59
Contact:
Srihari Daivanayagam, Corporate
Communications
P: +91 44 6681 4412
E: srihari.daivanayagam@frost.com
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