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Report: Commercial Drones Expected to Reach $22.8B Market by 2025

DronesReport FrostSullivan400x275

June 17, 2021

A new analysis by Frost & Sullivan on the global commercial unmanned aerial systems (UAS) market shows a $22.28 billion market by 2025, up from a $9.43 billion market in 2020. Spurring the growth are advances in autonomy and artificial intelligence, as well as workforce cost reduction and data collection that shortens the time it takes to produce results. The firm said the market will experience a compound annual growth rate (CAGR) of 18.8% through the next five years.

“The willingness of many countries to relax drone-related restrictions or quickly grant waivers for their use has resulted in increased and accelerated awareness about the benefits that drones can offer in delivering a wide range of medicines and goods, especially in areas where infrastructure is lacking,” said Michael Blades, vice president of research, Aerospace & Defense Practice, at Frost & Sullivan. “This will encourage companies that supply products and technologies enabling a drone delivery ecosystem to look for strategic partnerships and work with national aviation authorities to advance rulemaking.”

Blades said the trend of accelerating mergers and acquisitions will continue throughout 2021 as the commercial UAS market transitions to a steady growth market. In addition, consolidation will focus on developing vertically integrated hardware or end-to-end software solutions.

The firm said market participants should capitalize on the following growth prospects:

  • Software and hardware that improve autonomous flight and data processing. Drone OEMs should work with partners to ensure they have software and sensors integrated into their platforms to provide robust collision and obstacle avoidance for automated flight plans and profiles.
  • Drones that deliver consumer goods and food. OEMs need to work with civil aviation authorities to ensure their platforms meet airworthiness requirements, which would permit them to fly beyond visual line of sight (BVLOS) missions.
  • Drone hardware and software that enable highly accurate inspections. Companies need to maximize imaging and data collection stability by centering them around autonomy, precise control of the platforms and sensors, and the ability to carry advanced camera and sensor payloads.

More details on the market are provided in Frost & Sullivan’s Global Aerospace & Defense Growth Partnership program.


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