Robohub.org
 

Commercial drone market projected to grow 109% CAGR

by
27 April 2015



share this:
photo: Precision Hawk (facebook page)

Photo: Precision Hawk (facebook page)

Markets and Markets, a Dallas, TX research firm, in an 189-page $4,650 report, is projecting that the global commercial drones market will grow at a compounded annual growth rate (CAGR) of 109.3% and reach $1.27 billion by 2020.

Another recent research report from IDTechEx, supports Markets and Markets’ estimates: Electric Drones: Unmanned Aerial Vehicles (UAVs) 2015-2025 projects the market will reach $4.5 billion by 2025.

The Markets and Markets report, Commercial Drones Market by Type (Fixed Wing, Rotary Blade, Quad Rotor), Technology (Energy & Propulsion System, Automation, Collision Avoidance), Application (Government, Agriculture, Manufacturing, Retail) & Geography – Global Forecast to 2020, evaluates by technology as well as by application, type and geography.

  • Technologies such as energy and propulsion systems, type and level of automation, collision avoidance, cybersecurity, onboard processing and communication data links and radio spectrum.
  • Applications include inspection and spraying for agriculture, forestry and fisheries; first responder and law enforcement; security and monitoring of oil and gas, electrical grids and other distribution networks; general retail, factory, warehouse and campus surveillance; media and entertainment, and scientific and environmental research.

The list of companies profiled includes many defense contractors transferring their technologies into the commercial arena along with newcombers specializing on commercial unmanned aerial systems such as DJI, Trimble, 3D Robotics, Precision Hawk, DroneDeploy and senseFly.

Missing from their list of companies examined for their report was Parrot, a Paris-based company previously known for consumer and car products. Through acquisition and in-house invention, Parrot’s founder, CEO and Chairman Henri Seydoux has turned his company into one that now derives 34% of their revenue from consumer and commercial drone businesses.



tags: , ,


Frank Tobe is the owner and publisher of The Robot Report, and is also a panel member for Robohub's Robotics by Invitation series.
Frank Tobe is the owner and publisher of The Robot Report, and is also a panel member for Robohub's Robotics by Invitation series.





Related posts :



Maria Gini wins the 2022 ACM/SIGAI Autonomous Agents Research Award

Congratulations to Maria Gini on winning this prestigious award, recognising her research and leadership in the field of robotics and multi-agent systems.
18 January 2022, by

UN fails to agree on ‘killer robot’ ban as nations pour billions into autonomous weapons research

Given the pace of research and development in autonomous weapons, the U.N. meeting might have been the last chance to head off an arms race.
16 January 2022, by

Science Magazine robot videos 2021

A compilation of Science Magazine videos featuring robotics research that were released during last year.
14 January 2022, by

CBQ: Commercial-grade Autonomous Mowers, Safety, and Dogfooding | Sense Think Act Podcast #11

In this episode, Audrow Nash speaks to Charles Brian Quinn (aka, CBQ), CEO and a Co-Founder of Greenzie. Greenzie make an autonomous driving system for commercial lawn mowers. We talk about Greenzie's...
11 January 2022, by and

California’s AV testing rules apply to Tesla’s “FSD”

Tesla is testing its self-proclaimed “full self-driving” vehicles on California roads without complying with the testing requirements of California’s automated driving law.
10 January 2022, by and

Robotics innovation infiltrates 2022 Consumer Electronics Show

The 2022 CES Innovation Awards recognize a range of robotics technologies as Honorees, and feature three in the “Best of Innovation” category as well.
08 January 2022, by





©2021 - ROBOTS Association


 












©2021 - ROBOTS Association