Issue link: https://te.mouser.com/i/1416839
EXECUTIVE SUMMARY With a global pandemic serving as a catalyst for increased drone use and a consumer drone market reaching its saturation point, the time is now to talk about the fastest growing segment within the global drones/unmanned aerial vehicle (UAV) market—commercial drones. Double-digit growth is expected in the commercial drone market, outpacing demand in consumer and government segments. Major players in the commercial drone market have conducted extensive R&D to drive technological developments, resulting in a launch of innovative products to propel market growth, particularly in the agricultural and construction industries. Currently, there are more than 750,000 commercial drones in use. By 2029, this number is expected to reach 17 million. i TE Connectivity (TE), a world leader in connectivity and sensor technology, has taken a closer look at this market and is sharing insights to help engineers and manufacturers focus their design efforts to capitalize on the opportunity for innovation and to gain market share. Here's what engineers need to know about the global trends driving growth, UAV market applications, and technology and design challenges within the commercial drone market. Introduction to Commercial Drones While significant opportunity exists in the drone market within the business and government spaces, it's important to understand industry/market trends, as well as existing and potential barriers for growth. The potential use cases and benefits seem almost unlimited as we look at the various ways these UAVs can function across industries. Drones can be used to carry and ship small payloads, deliver packages to homes or businesses, deliver needed supplies to hard-to-reach areas urgently, monitor or inspect large land sites and buildings, spray farmers' fields, monitor irrigation systems, and capture photographs and videos for both large and small events. As an engineer, you're probably thinking of additional uses within your industry, so let's look at the trends, opportunities, and barriers to consider when choosing or moving forward with your design. KEY DRIVERS OF GROWTH ACCELERATION IN THE COMMERCIAL DRONE MARKET / TREND PAPER Key Drivers of Growth Acceleration in the Commercial Drone Market PAGE 2