Global Drones Market: Extensive Usage of Drones in Defense Sector to Pave Way to Drive Growth

Published Date : Apr 11, 2016

ALBANY, New York, April 11, 2016: has added a new research report on the global drones market to its repository. The report, titled “Drones Market Shares, Strategies, And Forecasts, Worldwide, 2016 To 2022,” offers a comprehensive overview of the global drones market. The report studies the industry chain structure and analyzes the upstream and downstream components of the global drones market. It studies the development trends in the market that would define the future growth. The growing applications of drones across various sectors have been studied in the report. The report further profiles some of the key players in the market and the latest technologies developed by them.

A drone can be referred to as a flying robot that flies autonomously or can be remotely controlled through software-controlled flight plans in their embedded systems. The embedded systems in drones work in conjunction with the global positioning system or GPS. The global drones market is estimated to achieve significant growth in the coming years with the extensive usage of drones across the defense and commercial sectors. In the defense sector, the unmanned aircraft systems have been majorly used during combats.

The report offers an overview of the global drones market and points out the key factors driving the growth of the market. The unmanned aerial vehicle (UAV) technology has reached a level of maturity that has led the Chinese technology company DJI to generate US$1.0 bn in revenue in 2015, doubling its revenue in one year. This has put the drones system at the forefront of aerospace manufacturing. The next generation commercial drones are fast replacing the existing commercial airfreight delivery systems. Drones are now being increasingly used for commercial pipeline observation, 3D mapping, package delivery, border patrol, and agriculture. Compared to manned aircrafts, drones have low operational costs and hence, are being widely adopted across various sectors.

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The report profile some of the key players in the global drones market such as Amazon, 3D Robotics, Aeryon Labs, ASN Technologies, Airware, Aviation Industry Corp., BAE Systems, BlueSky, Boeing, China Aerospace, Intel, Integrated Dynamics, Honeywell, Google, Ascending Technologies, L-3 Communications, Lockheed Martin, Northrop Grumman, Prox Dynamics, and Yamaha.

Collaboration among the key players to develop advanced drone technology is expected to boost the future growth of the market. For example, Intel Corporation and Ascending Technologies have partnered to develop drone collision avoidance technology. Some of the players have received government recognition for support during military operations. The Northrop Grumman Corporation has been recognized by the U.K. Ministry of Defense for playing an important role in supporting Sentry AWACS aircrafts during military operations in Libya. The report lists down the drone projects approved by the Federal Aviation Administration (FAA), along with the top drone products.

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