Global Commercial Unmanned Aerial Systems Market Overview:
Unmanned aerial systems mean an unmanned drone or any other flying vehicle that has the equipment to control it remotely. These systems include remotely piloted air systems, drones, military planes, and other systems. UASs can vary in size from those which can be hand-launched to purpose-built or adapted vehicles to rotary-wing aircraft. Unmanned Aerial Systems have a wide range of applications from video production to reach remote areas where humans can not generally go. This is a relatively new and unmatured market so has a lot of opportunity for new entrants.
Growth Drivers
- Rising Demand due to cost efficiency of UASs in Product Delivery and Warehouses Management
- Commercial Video Production Studios Are Also Responsible for Increasing Demand as They Can Get the Shots, They Desire Without Use Expensive Helicopters
Market Trends
- Use of New Materials in The Making UAVs Is Likely to Increase Capabilities of UAVs
- Increase in Use of Non-Conventional Power Sources Like Solar Cells
- More And More Firms Are Using UASs For Cargo Transport
Roadblocks
- There is a Lack of Skilled Pilots to Operate the UASs Hindering the Market Growith
- There Are Strict Regulations for Using Drones All Over the World
- Privacy Concerns Are Giving Setbacks to Players Involved
Opportunities
- Asia-Pacific is Showing Strong Increase in Demand
- Increasing Demand from Surveillance and Monitoring Industries will Boost the Commercial Unmanned Aerial Systems Market
Challenges
- Power Supplies of The UASs Are Not Long Lasting So They End Up Limiting Capabilities of UASs
Competitive Landscape:
The market is highly competitive and has many players competing in the space. Some of the companies have higher technical skills and experience in the space. There are no major barriers to entry into the market.
Some of the key players profiled in the report are DJI (China), Yuneec (China), Parrot Drone (France), AeroVironment Inc. (United States), SenseFly (United States), Kespry (United State), 3D Robotics (United State), General Atomics (United State), Northrop Grumman (United State) and Aeryon Labs (Canada). Considering Market by Power Source, the sub-segment i.e. Batteries will boost the Commercial Unmanned Aerial Systems market. Considering Market by Size, the sub-segment i.e. Very Small VAVs will boost the Commercial Unmanned Aerial Systems market. Considering Market by Operation, the sub-segment i.e. Remotely Controlled will boost the Commercial Unmanned Aerial Systems market. Considering Market by Range, the sub-segment i.e. Close-Range will boost the Commercial Unmanned Aerial Systems market.
In March 2021, LGL Group Inc announced an increase in the capacity of production in Unmanned Aerial Systems (UASs) after increased capital investment in this area. Building on the success of our high power Ku-band diplexers launched in the last three years, the company is now introducing a high power multiplexer in L, S, and C bands for broadband communication datalinks used in applications like manned and unmanned aircraft, on the move, and fixed ground stations, shipboard, beyond the line of sight wideband satellite communications and ground unmanned vehicles markets.
On December 28, 2020 the Federal Aviation Administration (FAA) of United States announced final rules for unmanned aircraft systems (UAS) or drones that will require Remote Identification (Remote ID) of drones and allow operators of small drones to fly over people and at night under certain conditions. EU Regulations 2019/947 and 2019/945 set the framework for the safe operation of drones in European skies (EU and EASA Member States). These regulations do not distinguish between leisure and commercial use of UASs. They take into account weight and specifications of the vehicles involved.
What Can be Explored with the Commercial Unmanned Aerial Systems Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Commercial Unmanned Aerial Systems Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Commercial Unmanned Aerial Systems
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Commercial Unmanned Aerial Systems market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Commercial Unmanned Aerial Systems market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, UASs Manufacturers, Suppliers and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations, End-Use Industries and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.