Smart Commercial Drones Markets Are Anticipated To Reach $27.1 Billion By 2021: Radiant Insights

Radiant Insights includes new market research report on “Global Smart Commercial Drones Markets Size, Share And Trends Report To 2021: Radiant Insights” to its huge collection of research reports.

Drones are smart when they have sensors and software that permits automated response to camera or sensor input.  Smart drones are evolving the ability to interconnect to smart phones, but drones are smart even without smart phone guidance systems.  Smart commercial drones connect seamlessly and securely to the Internet and to each other.

Smart commercial drones have a computer inside.  They are easy to fly, maneuverable remotely, contain sensor logic.  Soon all smart drones will have computer driven collision avoidance technology.  Remote operation occurs in the context of a workflow and sensors.  Cameras are improving dramatically to permit management of video and picture taking that is realistic and detailed.

In this study, we illustrate how drones achieve doing work even though they are remotely controlled.  Drones are expected to provide billions of dollars in economic growth.  The economic benefits are significant.  Developing countries are more receptive to drones than the U.S. is.  In the US the FAA early on granted one exception, then granted 8 commercial UAS exemptions, then 10 more.  It has by now granted 1,000 exceptions, but this does not a market make. 

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Smart commercial drones connect seamlessly and securely to the Internet and to each other.   Smart commercial drone aerial vehicle (UAV) technology has reached a level of maturity that has put these systems at the forefront of aerospace manufacturing.  Procurement around the world is adapting to drone availability.Drone aircraft are sophisticated and flexible. They take off, fly and land autonomously managed by a remote controller. They enable engineers to push the envelope of normal flight.   Reconnaissance drones can fly for days continuously.   Remote, ground-based pilots can work in shifts.

New technology from Intel and others provides collision avoidance capabilities actually works.  This bodes well for market development. 

Smart commercial drone systems promise to grow significantly, approaching the growth paths of PCs and smart phones. New technology is able to achieve a significant  improvement in workflow for every industry, starting with agriculture, creating a smart drone commercial market presence.  US Army unmanned aircraft systems have flown 3 million flight hours giving commercial drones market credibility.

Drone unmanned aerial vehicle (UAV) technology has reached a level of maturity that has put these systems at the forefront of aerospace manufacturing.  Procurement around the world is adapting to drone availability. Use in the global war on terrorism has  demonstrated unique usefulness for military intelligence, surveillance, reconnaissance and communications relay.

Removal of the need for an onboard pilot ushers in an era of low cost drone aerial craft.  The drone elimination of the need for human support systems on aircraft dramatically reduces the aircraft’s size, complexity, and power requirements.  The drones effectively reduce overall program cost, development time and risk. Many advanced flight technologies are for piloted craft.  These are initially tested using unmanned subscale demonstrators.

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Drones represent a way to use air to travel payloads faster and at less cost and to use video as a way to do work and be entertained.  The  market is divided between rotor and fixed wing smart commercial drones, rotor craft dominate the market representing 75% of the market revenue.  Smart commercial drones represent the future of automated process for camera applications.  They are complimented by military drones that represent the future of the national security presence for every nation.  Increasing technology sophistication and lower costs are achieving dramatic market shifts  as investment in these parallel types of devices bring product maturity.

Smart commercial drones drone markets at $3.4 billion in 2014 are anticipated to reach $27.1 billion by 2021.  This forecast number is arrived at by close examination of all the segment growth trajectories.  Segments are, Agriculture, Oil and Gas, Border Patrol, Law Enforcement, Homeland Security, Disaster Response, Package Delivery, Photography, Videography.  Each of these will grow at a different pace, depending on the use case effectiveness of the smart commercial drones.    Commercial grade consumer video drones represent the largest revenue segment in 2015 and remain the biggest throughout the forecast period.

Companies Profiled

  • Market Leaders
  • DJI Systems
  • Parrot
  • BAE
  • Yamaha
  • China Aerospace
  • Ascending Technologies
  • Go Pro
  • Elbit Systems Ltd
  • Israel Aerospace Industries IAI
  • 3D Robotics
  • Northrop Grumman
  • AeroVironment
  • Boeing / Insitu
  • General Atomics
  • Lockheed Martin
  • Draganflyer
  • Textron / AAI

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