Commercial UAS units to hit 2.91 million by 2023News
April 08, 2020
SANTA CLARA, Calif. Frost & Sullivan's recent analysis, Global Commercial UAS Market Outlook, 2020, finds that the industry is transitioning from a nascent to a growth stage. With the surge in demand for commercial drones by the professional segment, unit shipment is estimated to rise at a compound annual growth rate (CAGR) of 4.5%, reaching 2.91 million units by 2023 from 2.44 million units in 2019.
By 2023, North America will remain the largest market for commercial unmanned aerial systems (UAS) with a total of 32.3% unit demand, followed by APAC and Europe at 29.1% and 23.3%, respectively.
Advanced technologies such as artificial intelligence (AI) for both autonomous flight and data processing, as well as platforms that have unique capabilities such as long endurance flights and conducting indoor/confined spaces inspections, are key trends inflating market growth.
Vendors should take a close look at unlocking opportunities that include India's move to lift a commercial drone ban, sensor/data fusion, new drone platforms, and repair and maintenance.
For more information, read Frost & Sullivan's Global Commercial UAS Market Outlook, 2020 here.