Drones

• Adoption of Drone / UAV is increasing in India and it is projected that the value of industry and market would be around US$ 885.7 million, while the global market size will touch US$ 21.47 billion by 2021.
• Led by countries such as Australia, India, and South Korea, the UAV market in Asia-Pacific is forecast to reach US$ 1.1 Billion by the year 2027, while Latin America will expand at a 13.8% CAGR through the analysis period.
• Security firms have found a way of using interceptor drones that can lock onto a target, release a net and disable it in mid-air.
• Drone activity becomes both terror-related and a deliberate act of disruption, using industrial specification drones.
• The global market for artificial intelligence for agriculture is expected to surpass $2 billion by 2024.
• The global total addressable market for counter-drone products is estimated to be worth US$ 48 billion (around A$ 66 billion) by 2030.
• The global market for drones is forecast to grow from $3.7 billion in 2018 to $103.7 billion by 2023, with Chinese manufacturers capturing half that value.
• Australia can expect delivery of its first Northrop Grumman MQ-4C Triton high-altitude, long-endurance (HALE) unmanned aerial vehicle (UAV) in 2023, and of the second and third aircraft by early 2025.
• Over the next five years the Smart Commercial Drones market will register a 89.5% CAGR in terms of revenue, the global market size will reach US$ 65300 million by 2024, from US$ 1410 million in 2019.
• The number of commercial BVLOS drone flights in the UK will doubtless increase - slowly but surely - in the coming years.
• The world's first commercial flight corridor for drones will be established by the end of the year, paving the way for airborne parcel delivery services.
• The gold standard going into 2020 will likely be Amazon Prime Air, which uses drones to deliver certain products to customers within 30 minutes or less.
• The drone market is growing rapidly, with European demand estimated at in excess of EUR 10 billion annually, in nominal terms, to 2035 and over EUR 15 billion annually to 20502.
• The agricultural drone market is anticipated to grow more than 38% over the forecast period 2017-2025.
• DJI faces mounting political pressure in the United States, one of the world's biggest drone markets where the Trump Administration has pursued an aggressive campaign against Chinese companies; contending they pose a security risk.
• Slow charging - plus the added cost of extra batteries and manually swapping them out between flights - is hindering the growth of a commercial drone market estimated to be worth $129bn by 2025.
• By 2021, there will be more than 420,000 small drones or unmanned aerial systems in the US providing commercial services from package delivery to crop and bridge inspections, among many others.
• A global drone market estimated to be worth $4 billion is forecast to rocket to $40bn within five years, incorporating an anticipated increasing trend towards drone deliveries.
• The market related to drone applications and services is growing rapidly and European drone service revenues are expected to reach EUR 250 million by 2025.
• The rapid growth of drones - the commercial market in the US alone is expected to triple in size in the next five years - is one of the biggest issues impacting the aviation industry.
• France have a further 12 Reaper drones on order to double its fleet, which will be delivered over the next few years.
• The market related to drone applications and services is growing rapidly, and European drone service revenues are expected to reach EUR 250 million by 2025.

Last updated: 22 November 2020