Unmanned Aircraft Systems (UAS) Market to over $4.1 Billion by 2020

2024-05-01 09:13:12 Technology

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Unmanned airborne vehicles are remotely piloted or self-guided aircrafts which were initially used in military for combat proposes. However, advancement in technology has enabled these aircrafts to be incorporated into commercial space as well. Unmanned aircrafts used in applications apart from military segment are classified as Unmanned Aircraft Systems (UAS).

The overall UAS market is segmented into Commercial and Consumer segments based on end-user and into fixed and rotary winged, based on the structure. Commercial segment, based on endurance offered are segmented into Low-Endurance Low-Altitude, Medium-Endurance Low-Altitude, Average-Endurance Average-Altitude and High-Endurance High-Altitude UAS. By 2020, this UAS Market is expected to generate combined revenue of $4.1 billion.

Browse - 97 Market Tables, 55 Figures spread through 187 Pages and an in-depth TOC on "Unmanned Aircraft Systems (UAS) Market". http://industryarc.com/Report/15014/unmanned-aircraft-systems-market.html

Distinct feature of this system is its cost-effectiveness; hence UAS are widely implemented across industries. The major applications include agriculture, industrial, law enforcement, earth observation, real estate, photography and so on. Currently, agriculture is one of the major applications for commercial drones contributing to 23% of the overall market share followed by Industrial sector. However, with regards to consumer sector, photography contributes to nearly 60% of overall UAS market share.

Apart from cost effectiveness, capabilities such as remote access, application in hazardous areas, and quicker operation amongst others are the major drovers for this industry. However, major factor restraining UAS market is the government regulations. Government regulations play a vital role in the civil drone market expansion. Though drones are allowed for industrial purposes, civil drones are yet to get permission from the governments. China & Japan has no specific regulations on drone operation, however operating drone in the line of sight and maintaining specified distances from the airports and military base is a must. Several countries have set UAV regulations and now they are trying to liberalize them by issuing appropriate pilot license.

However countries such as U.S., U.K., and Germany may not relax their drone regulations as it effects common man?s privacy and safety. Operation of drones 400ft from the ground level can create obstacles for aircraft operations due to the lack of organized air traffic control systems for drones.

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