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Commercial Drones Market To Reach $4.8 Billion From 2015 To 2021: Radiant Insights

San Francisco, California, Jan. 12, 2015 (GLOBE NEWSWIRE) -- 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.

Detailed research report on Global Commercial Drones Market: http://www.radiantinsights.com/research/commercial-drones-highways-in-the-sky-commercial-unmanned-aerial-systems-uas-market

Quantities of fielded systems increase as application usefulness increases. Police departments, the oil and gas industry, border patrol, and utilities are all using commercial drones. Units are used for agriculture. Vendors continue to improve the capabilities of these drone aircraft as more air miles are logged. Their ability to support the commercial endeavors is increasing. Unmanned aircraft have fundamentally changed the accuracy of utility and oil and gas inspections. They are set to fundamentally change how agriculture is conducted.

Japan and Australia have been using drones in agriculture since the 1980s. Worldwide markets are evolving for several compelling applications. High value crops are a target of agricultural robotic development. The robotic platforms are capable of site-specific spraying. The capability is targeted spraying only on foliage and selected targets. It can be used for selective harvesting of fruit.

Drone commercial uses will provide billions of dollars in economic growth. Centers of excellence are evolving worldwide. For the most part, open-use policies are in effect worldwide. Except in the US, Drones are currently mostly banned in the US. The US is more restrictive, it could take months, even years before the FAA offers preliminary guidelines on the commercial use of unmanned aircraft systems

Commercial drones are set to build highways in the sky. The market will only evolve past the early adopter stage after the industry finds ways to build navigation infrastructure that is safe and that works. Roads in the sky will create altitude differences that function as bridges to separate the drones from each other when they are flying at angles to each other.

Unmanned aerial systems (UAS) markets at $609 million in 2014 are forecast to reach $4.8 billion dollars, worldwide by 2021. This is a sizable market growth with oil and gas mapping, utility line inspection, package delivery, and agricultural applications accounting for virtually all the unit sales. Drones can provide more information at less cost than a human inspection team can.

Some Key Points Covered In This Report:

Companies Profiled

  • Market Leaders
  • Lockheed Martin
  • Textron
  • Boeing / Insitu
  • Northrop Grumman
  • Draganflyer
  • AeroVironment

Market Participants

  • AeroVironment
  • Finmeccanica
  • MMist
  • ASN Technologies
  • General Atomics
  • Northrop Grumman
  • Aurora Flight
  • Google
  • Parrot/senseFly
  • BAE Systems
  • Integrated Dynamics
  • Proxy Technologies
  • Boeing L-3 Communications
  • Scaled Composites
  • Challis UAV Inc.
  • Laser Motive
  • Schiebel
  • China Aerospace
  • Lockheed Martin
  • Textron i
  • Draganflyer
  • Marcus UAV

Key Topics

  • Commercial Drones
  • Drone Unmanned Aerial
  • Systems (UAS)
  • Drone 3D Mapping
  • Drone Commercial Pipeline
  • Observation
  • Drone Border Patrol
  • Drone Package Delivery
  • Drone Photography
  • Dronr Agriculture Aerial Refueling

More insights on Commercial Drones Market: http://www.radiantinsights.com/research/commercial-drones-highways-in-the-sky-commercial-unmanned-aerial-systems-uas-market

This type of navigation needs to be defined by industry standards groups, much as the software industry has been able to develop industry stands that provide the base for a market, so also, the commercial drone manufacturers need to come together with representatives from each company and from all the governments to decide on the highways in the sky.

Unmanned aerial systems (UAS) markets at $609 million in 2014 are forecast to reach $4.8 billion dollars, worldwide by 2021. This is a sizable market growth with oil and gas mapping, utility line inspection, package delivery, and agricultural applications accounting for virtually all the unit sales. Drones can provide more information at less cost than a human inspection team can.

About Radiant Insight

Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. We assist and facilitate organizations and individuals procure market research reports, helping them in the decision making process. We have a comprehensive collection of reports, covering over 40 key industries and a host of micro markets.

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Source: Radiant Insights