AI News, Commercial Drones in 2022 – Our Predictions
Commercial Drones in 2022 – Our Predictions
The fledgling commercial UAV industry may be small today, but it is forecast for tremendous growth and transformation over the next five years.
We created the below infographic based on our recent report to show some of our key predictions for the outlook for commercial drones in 2022.
Rapidly increasing penetration rates into a huge number of commercial applications will drive a six-fold increase in drone shipments, surpassing 620,000 units in 2022.
The US accounted for nearly 1/3 of industry revenues in 2016 and is predicted to remain the largest end market for commercial UAVs up to 2022.
It has very favourable conditions for growth due to recently relaxed and transparent regulations from the FAA and the large size of the end market opportunities in almost every vertical.
But whilst they will account for 2/3 of shipments in 2022, they will only generate 13% of revenues as enterprises shift toward ‘industrial-grade’ products.
Commercial UAV Market Analysis By Product (Fixed Wing, Rotary Blade, Nano, Hybrid), By Application (Agriculture, Energy, Government, Media & Entertainment) And Segment Forecasts To 2022
The global commercial UAV market size was valued at USD 500 million in 2014 and is expected to grow at a CAGR of approximately 17% over the forecast period.Surging application in government and retail industry sector is expected to drive the global market for the next seven years.
These are autonomous or remote controlled aerial vehicles which include drones, remotely piloted aerial vehicles, and unpiloted aerial vehicles, exclusively used to fasten the certain processes while reducing the risk to human lives.
However, the FAA has proposed a new set of rules for the use of such drones that allows flyers fly them during the day if they weigh up to 55 pounds, fly less than 100 mph and stay below 500 feet in the air.
Agricultural applications are expected to witness substantial growth over the forecast period owing to increased utility of UAVs in crop management by clicking photographs of fields and endowing farmers with decisive information related to soil and crops.
Other applications such as data collection activities for monitoring and mapping, disaster management, hyperspectral imaging, atmospheric monitoring, soil moisture imaging, and aerosol source determinations are also expected to be greatly benefited by UAVs.
Rotary blade type UAVs contributed to over 75% of the global revenue in 2013 on account of their ability to traverse several directions as well as hover in a particular position which makes them ideal for a vast array of applications.
Increasing government initiatives and building retrofits have encouraged users across the Asia Pacific region to use such drones for various applications as a result of which the market is expected to gain traction in the region.
Commercial Drone Market Analysis By Product (Fixed Wing, Rotary Blade, Nano, Hybrid), By Application (Agriculture, Energy, Government, Media & Entertainment) And Segment Forecasts To 2022
The global commercial drone market size was estimated to be USD 552 million in 2014 and is expected to grow at a CAGR of 16.9% over the forecast period.
In July 2015, Amazon suggested the allocation of a separate airspace zone for the operation of these unmanned aerial aircraft in order to deliver goods to customers.
Governments across the globe are using such unmanned aerial vehicles in applications such as law enforcement, infrastructure, scientific research and R&D, environmental studies, and in disaster management activities.
A new set of rules for such UAVs proposed by the FAA would permit users to fly them during the day if they weigh up to 55 pounds, stay below 500 feet in the air, and fly less than 100 mph.
Agriculture is expected to emerge as the dominant application sector over the forecast period on account of several benefits attained such as yield increase due to crop monitoring.
are planning to use solar-powered UAVs that hover around the atmosphere of the earth providing internet access to the remotest of places acting as flying internet access points or hotspots.
Apart from its wide range of applications across the law enforcement and retail sector, UAVs are used in mapping, high altitude imaging, wild life patrolling, and forest fire monitoring.
Other applications include imaging and data collection activities such as environmental monitoring and mapping, natural hazards research and monitoring, atmospheric monitoring, hyperspectral imaging, plume dispersion &
However, the Europe commercial drone market is expected to grow considerably in the next seven years owing to the relaxations in regulations and increasing applications in law enforcement and agricultural applications.
The FAA Projects the Commercial Drone Industry to Grow Fourfold by 2022
Last week, the Federal Aviation Administration updated its projected numbers of unmanned aerial vehicles in U.S. airspace, revealing an estimated growth from the current number of 110,000 UAVs to 450,000 in 2022.
With the White House recently ramping up efforts to establish a cohesive set of regulations regarding domestic commercial drone use, and recreational drone sales continuing to increase, this updated estimate isn’t a shock, though still pretty heartening for the industry at large.
He told audiences to “Please come in” to request approvals, and “don’t wait for those new rules,” and that “we can write an even better rule down the line.” Perhaps most bold was that while lawmakers “could give us the authority” to move more swiftly, “I don’t wait for Congress.”
Fortunately for the public, the current acting FAA administrator, Dan Elwell, is aware of the priorities here, and that safety has to “continue to guide each step we take,” as it’s “the key to the front door of the national airspace system.” Stay tuned, as laws change, regulations take hold, and drones fill the skies.
- On Thursday, February 20, 2020
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