As the commercial applications of drones continues to grow, the global UAV sense and avoid system market has been tipped to reach $3.654 billion (£2.6 billion) by 2022.
A report from industry insight specialist Research and Markets revealed that the usage of sense and avoid systems in UAVs has increased in the past few years due to the advantages these systems offer, such as safety in airspace and enabling the beyond visual line of sight operation of UAVs.
The UAV sense and avoid systems market accounted for a market value of $508.7m (£358m) in 2016 with commercial application holding the highest share.
The market is currently being driven by number of factors, such as rise in the demand of autonomous drone for beyond visual line of sight operations. The UAVs equipped with sense and avoid systems are increasingly being adopted in commercial as well as non-commercial applications.
The commercial segment currently accounts for a large share in the overall revenue generated in UAV sense and avoid systems market. The high shareholding of commercial end-users is primarily attributed to the increasing demand of drones across various commercial applications and the rise in demand for drones equipped with sense and avoid systems across commercial applications such as inspection, delivery, first responder, and aerial imaging, among others.
North America is expected to hold the largest share in the market during the forecast period which is followed by Europe, Asia Pacific, and Rest of the world.