Commercial UAS Market Has Billion-Buck Potential

Strategy Analytics sees a growing market for commercial unmanned aerial systems (UAS) platforms and associated services. Led by demand from the agriculture, commercial security, and first responder sectors, the company’s report, “Commercial UAS Market Outlook 2017-2027”, forecasts the commercial UAS market will grow to over $15.1 billion by 2027.

 

Report Highlights

Industry Event

Sensors Expo & Conference

Register now and save with Early Bird Rates – Limited Passes Available!

North America’s can’t-miss event dedicated to sensors, connectivity, and IoT will take place this June 22-24 in San Jose, CA. Attendees can make connections, collaborate with experts & peers, get insight into emerging technology & trends, and find new approaches to evergreen challenges. Use promo code FE100 for $100 off Conference Passes.
  • Globally, the market for commercial UAS platforms and associated services will be driven by the European, Asia-Pacific and North America regions and could together account for over 83% of global demand by 2027.
  • The associated demand for mission sensor payloads is predicted to witness faster growth than the UAS market itself as platforms are increasingly equipped with the ability to swap multiple sensors on a plug and play basis.
  • Integration of commercial UAS operations into civilian airspace will need to address several technical challenges which will include the man machine interface (MMI), Communications and Control Minimum Operating Performance Standards (C2 MOPS) and Sense-and-avoid (SAA) or detect-and-avoid (DAA) systems.
  • Demand will significantly increase for dedicated sensors and associated technologies including satellite datalinks to allow beyond line of sight flight, sense and avoid systems underpinned by radar, LiDAR and EO-IR technologies and machine learning/artificial intelligence-based processing.
  • The regulatory environment will be crucial in enabling the market for commercial UAS platforms.

 

Curiosity piqued? Then checkout the “Commercial UAS Market Outlook 2017-2027” report.

Suggested Articles

Purdue University researchers are creating technologies to help compress 3D camera files and automate focus and exposure settings.

A $2.2 trillion economic relief package is anticipated to give the struggling U.S. economy a shot in the arm.

Micron also sees long-term growth for DRAM and NAND, with NAND in the 30% range