Global Market Research Company US Global Drone Market Forecast & Opportunities, 2022 | Page 15

Industry Brief
3DR Ranked Highest in Customer Satisfaction for Flying Time in 2017
According to TechSci Research report, “Global Drone Market By Type, By Segment, By Application, By
Payload, By Region, Competition Forecast & Opportunities, 2012–2022”, the global drone market is
forecast to cross $ 16.7 billion by 2022. Major demand for drones from military and commercial applications
is likely to boost the global drone market in the coming years. Other factors like amendments in the policy
and regulatory framework for drones coupled with upcoming technological advancements is further
expected to boost drone sales across the globe over the course of next five years.
According to the consumer survey conducted by TechSci, 3D Robotics was ranked highest in customer
satisfaction for Flying Time in 2017. The company has strengthened its position with innovative products
like Solo with 3-Axis Gimbal, Tarot T-2D Gimbal and IRIS+. The company has also recently integrated its
Site Scan Drone Platform with Autodesk which is helping them capture the market share and lead the race
for commercial Drones business.
On the basis of types, global drone market is segmented into TUAV, MALE, HALE, VTOL and Fixed Wings.
With more than one-third of the market share in 2016, the tactical UAV segment dominated the global
drone market, followed by the Medium-Altitude Long-Endurance (MALE) UAVs, and High-Altitude Long-
Endurance (HALE) UAVs. Due to the vast usage in surveillance and missions, there is a large demand for
drones from the military segment. In commercial drone market, mapping, surveying & photography
application, account for the largest share in the global drone market, and the segment is further expected
to dominate during the forecast period as well. North America is the dominating region in the global drone
market and is anticipated to continue to hold its leadership position on account of lenient regulatory
framework and surging usage of UAVs for military purposes in the region. DJI, 3DR, Aerovironment,
General Atomics ad Honeywell are among the major players operating in the global drone market. In 2016,
DJI and General Atomics were the market leaders in commercial drone and military drone segments,
respectively. These companies emerged as the market leaders due to their widespread distribution
networks in various countries across the globe, which is expected to further strengthen their market
position in the coming years.
“With increasing use of drones/UAVs in commercial and military applications and improvisation of policy and
regulatory framework, the global drone market would become more lucrative in the coming years.
Furthermore, advancements in technology to improve the efficiency and endurance of UAVs in order to
increase their usage in various applications, is likely to positively influence the global drone market in the
coming years”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global
management consulting firm.
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