The global UAV drones market is expected to increase to USD 21.23 Billion by 2022, at a CAGR of 19.99% between 2016 and 2022. This report provides a detailed analysis of the market based on type, payload, component, application, and geography. The enhanced capabilities of drones to fight terrorism and the increasing demand for drones in commercial applications are driving the growth of the UAV drones market around the globe.
The UAV drones have been developing over the years with enhanced design, improved data-processing capabilities and significant operating ranges and tenure. Small UAV drones are being used prominently in several commercial applications.
This market is experiencing a substantial growth during the forecast period because of changes in government policies and increase in the number of exceptions permitted to the companies for the commercial use of UAV drones. The demand for UAV drones is prominently contributed by various commercial sectors such as inspection, surveying, military and homeland security, media and entertainment, precision agriculture.
In order to deliver the products to the customers in the minimal time span, various retailing and e-commerce companies have started using UAV drones. Moreover, one of the top e-commerce company suggested the allocation of separate airspace zone for the operation of the, UAV drones in order to deliver goods to the customers.
However, implementation of such ideas are restrained by government regulations but are expected to become successful once allowed to be used into the market. Government of many countries are using these UAV drones in applications such as environmental studies, scientific research, infrastructure, law enforcement and in disaster management activities.
Because of the numerous benefits attained such as yield increase due to crop monitoring agriculture is expected to be the leading application over the forecast period. Global tech giants such as Google and Facebook are working hard to deliver flying internet access or hotspot facility in remotest areas with the help of solar powered UAV drones.
Apart from all these retail segment and law enforcement applications, UAV drones are used in wild life patrolling, forest fire monitoring, high altitude imaging, natural hazards research and monitoring, soil moisture imaging, hyper spectral imaging.
In the overall commercial drone market, the major market is shared by the rotary blade type UAV drones because of its use in wide range of applications. Multi rotor UAV drones provide better flight control as it can have more than two or up to eight rotors and thus it can be used in aerial photography and surveillance.
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