Unmanned Aerial Systems(UAS) Market is projected to reach USD
4.8 billion by 2021: Radiant Insights, Inc
The unmanned aerial systems market is projected to reach USD 4.8 billion by 2021. It had a prior market
value of USD 609 million in 2014. The market is expected to grow on account of being utilized for
various applications like agriculture, oil & gas mapping, packaging delivery, and utility line inspection. It
can provide efficient information at a cheaper price. Their demand is seemingly high for military and
defense operations.
Next generation unmanned aerial systems, also known as drones, will be used for 3D mapping, border
patrol, photography, and commercial pipeline manning. The unmanned aerial systems market is poised to
grow on account of navigation and economic visualization provided by them. Visualization includes
inspection, mapping, package delivery, and surveillance by air.
Unmanned aerial systems have logged in 3 million flight hours of combat in Afghanistan and Iraq lending
it credibility for war zones. In 2015, Amazon Inc. have requested for airspace to concerned authorities for
making timely deliveries to customers.
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Australia and Japan have employed drones for agricultural purposes since the ‘80s. They use it to
cultivate high value crops like strawberries. Farmers can benefit by using drones to pick berries using an
automated process. Automated systems improve productivity, resulting in speedier harvest operations.
Regulatory bodies like Federal Aviation Administration (FAA) and European Aviation Safety Agency
(EASA) have banned the use of drones keeping in mind the safety of citizens and difficulty of managing
air traffic. Although, new rules created by the FAA permit the deployment of drones making it feasible
for the unmanned aerial systems market. They have been ordered to stay below 500 feet from the air and
delivering packages below 55 pounds.
The unmanned aerial systems market will build highways in skies above in the coming future.
Manufacturers need to collaborate and form standards to provide a base for the market. Drones can be
employed in Alaskan oil fields and high utility wires. They have been used by the US Army for precisionstrike missions and intelligence, surveillance, and reconnaissance (ISR) coverage.
Reputed players of the unmanned aerial systems market are Lockheed Martin, Draganflyer, BAE
Systems, Proxy Technologies, and AeroVironment.
Companies Profiled
- Market Leaders
- Lockheed Martin