Posted in | News | Remote Operated Vehicle (ROV)

Global Drone Market to Reach $16.1 Billion by 2021

Reviewed

Aug 6 2015

Research and Markets has announced the addition of Wintergreen Research, Inc's new report "Drones: Even Trains and Planes Use Remote Control Like Drones, Market Shares, Market Strategies, and Market Forecasts, 2015 to 2021" to their offering.

Drone market forecasts indicate strong growth anticipated Markets at $3.6 billion in 2014 are anticipated to reach $16.1 billion by 2021. A $3.6 billion market is substantial indicating the presence of many reference accounts for vendors. The wide variety of models and applications speak to the strong foothold in the market. With many vendors pushing products, the aggregate marketing will contribute to building a huge market for drones.

Next generation drones leverage better technology, launching from ships anywhere. The technology is evolving better navigation, softer landings, longer flights, better ability to carry different payloads.

The drones are able to achieve military and commercial tasks. They have been evolving airfreight delivery systems capability. They are used for surveillance, reconnaissance and intelligence missions. They do 3D mapping, commercial pipeline observation, border patrol, package delivery, photography, and agriculture. These are more energy efficient, last longer and have a significantly lower cost of operation than manned aircraft.

Drone technology extends everywhere, even to airline control towers. Drones evolving technology is extending uses, even evolving to trains and planes. The use of Drone technology to control moving devices remotely extends the notion of drones, creating a larger potential drone market. Military drones will make every navy ship an aircraft carrier. They can be launched from anywhere, not needing an airfield.

Commercial drone agricultural markets will grow significantly as the aircraft are able to perform more cost efficiently than other ways of farming, ranching, and orchard tending. Package delivery is evolving as a nascent market for commercial drones.

Military markets for drones with strike capability will grow rapidly. Every segment of drone market applications is poised for strong growth as the designs become more mature and vendors spread throughout the world..

Military drones will be used on ships to replace missiles. Drones will master becoming more elusive and able to fly faster to get out of the way of armies firing at them. Drones will be launched from the decks of ships and controlled remotely to deal with trouble anywhere.

Drones markets promise to grow significantly because of the more economical visualization and navigation provided by systems. Visualization includes mapping from the air, inspection from the air, surveillance from the air, and package delivery from the air. The unmanned aircraft equipped with cameras are able to do things that cannot be done in any other way. This bodes well for market development.

Unmanned aircraft systems promise to achieve a more significant aspect of commercial market presence. Army Unmanned Aircraft Systems flying of 3 million flight hours gives drones market credibility. Eighty eight percent of those hours were logged in combat situations in Iraq and Afghanistan, paving the way for commercial drone markets to develop.

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