Issue link: https://te.mouser.com/i/1416839
PAGE 5 PAGE 5 KEY DRIVERS OF GROWTH ACCELERATION IN THE COMMERCIAL DRONE MARKET / TREND PAPER Key Drivers of Growth Acceleration in the Commercial Drone Market Industry Focus The emergence of drone technology for numerous applications like aerial photography, agriculture, disaster relief and management, industrial inspections, logistics, environment monitoring, etc. is strongly supporting the overall economic development of various countries. Agriculture is one of the most prominent areas of innovation in which drones are likely to be used significantly around the world in the coming years. Architects, engineers, and contractors are widely adopting small drones for site analysis to create three-dimensional prospects for project completion. The aerial photography application segment is projected to account for a large share from 2020- 2025. Over the next decade, the following sectors are predicted to hold the highest share in the commercial UAS market. Agriculture Agriculture promises to be one of the largest commercial markets for UAS over the next decade. The Chinese government's willingness to subsidize agricultural systems is a major market driver, and rural labor shortages in China and Japan (due to urbanization and aging population) have made rural acceptance of drone adoption easier. Currently, the most prevalent use of drones in agriculture is spraying for disease, weed and pest control, spreading microgranular pesticides and fertilizers and even beneficial insects. Drones make spraying quicker and more effective, prevent exposure of a worker to harmful chemicals, and enable access to more remote, rugged areas. Using a drone to capture images is an application expected to grow and become larger than spraying due to the effectiveness in studying crop health, detecting plant stress early, identifying pest damage and irrigation issues, among other uses. Drone images are more immediately available than satellite imagery and provide greater resolution. Beyond visual line-of-sight (BVLOS) operations are critical for many larger farms, but drones are still not allowed to operate BVLOS in the U.S. and many European countries either at all or without waivers. For example, in the U.S., the FAA allows public safety organizations to apply for BVLOS waivers. Photography General photography is appealing as a market because it usually requires less skill and less costly equipment than other markets. The photography market has emerged as one of the earliest developing and accessible drone markets and is estimated to reach saturation point earlier than other commercial market segments. It has several submarkets ranging from less sophisticated, such as real estate and weddings, to highly sophisticated such as filmmaking. The lower-end submarkets have the potential to bring many small UAS in to serve the market while more complex submarkets may require more costly mini UAS systems. Construction, Energy & Insurance Construction will be the largest of the inspection markets, and currently, the ten largest worldwide construction companies are studying how to integrate UAS or working to integrate UAS in their operations. Prosumer systems can handle simple tasks like roof inspections and mini-systems can be used to track progress on construction sites. Due to the shortage of workers in Japan, the government there is strongly pushing for the deployment of drones in construction as well. Energy is emerging as an important area for commercial UAS, as inspections using UAS demonstrate extremely high savings as well as a reduction in risk to personnel. Multinationals are scaling up their drone operations even though there are some areas (transmission line and pipeline inspection) that will take more time to develop due to the need for BVLOS capabilities. Drone spraying field for disease, weed and pest control.