The small unmanned aerial systems industry is set to storm ahead across a range of market verticals, a new industry report has claimed.
ABI Research, a market-foresight advisory firm, has revealed that from 2017 to 2027, the number of yearly shipments of drones will increase from 13 million to over 23 million, and collective revenues from platforms, accessories, and services will increase from $6 (£4.5) billion in 2017 to just under $70 (£52) billion by 2027.
Key potential verticals include construction, insurance, infrastructure inspection, warehouse logistics, and oil and gas. Other large market opportunities are to be found in agriculture and film & entertainment.
“This growth in the commercial drone market rests on growth opportunities across a range of verticals, particularly those in which the drone’s ability to loiter, work indoors, provide high resolution and constant updates, makes it a preferable platform to other aerial imaging sources such as manned aircraft and satellites,” said Rian Whitton, a research analyst at ABI Research.
The market forecast provides a market share breakdown highlighting the major drone platform vendors. Shenzhen-based DJI leads the charge, for both consumer and commercial markets. Other major players include Aerovironment, Aurora Flight Sciences, Parrot, Kespry, Aeryon Labs, Yuneec Precision Hawk and Atlas Dynamics.
Whitton concluded: “Increasing demand from a growing variety of markets, and increased appreciation of the unique properties of drones, is coalescing with a proliferation of drone solution providers to create a very optimistic forecast for future growth.”