(Source: Market Watch)
The wide variety of applications in which small unmanned aerial vehicles (UAVs) can be deployed is growing every day, as this growth-platform finds new uses The demand for small UAVs will be significant, with a wide and varied geographical spread. This growth is forecast to vary country-by-country and by design type.
Understanding these dynamics – particularly the variations and intricacies the market produces – will be crucial to those seeking to invest in the small UAV market. Homeland security and defence applications are set to grow, particularly as payloads grow to enable collection of a wide variety of data (such as CBRN threats, facial recognition, military ISTAR sensors and others), as are data-collecting applications for research purposes.
The use of small UAVs to replace manned tasks which risk life and limb reduces the liabilities associated with traditional inspection and detection techniques (patrolling, etc). The automation of small UAVs will also likely bring great cost and time savings for applications such as agricultural spraying, delivery of goods and many other applications.
Visiongain has assessed that the small UAV market will reach $1.61bn in 2015
A detailed analysis of the latest political, economic and technological trends lies at the heart of Visiongain’s unparalleled quantitative and qualitative analysis of the Small Unmanned Aerial Vehicle market. The 456 paged report provides a thorough quantitative and qualitative analysis of the global market, with 14 national markets each broken down by 6 submarkets, as well as by small UAV design type, with these then evaluated in depth. 10 leading companies are also profiled in detail within this report, including analysis of financial performance and future outlook. Political, economic, social and technological market dynamics are evaluated along with details of hundreds of contracts, programmes and requirements.
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Alan is serial entrepreneur, active angel investor, and a drone enthusiast. He co-founded DRONELIFE.com to address the emerging commercial market for drones and drone technology. Prior to DRONELIFE.com, Alan co-founded Where.com, ThinkingScreen Media, and Nurse.com. Recently, Alan has co-founded Crowditz.com, a leader in Equity Crowdfunding Data, Analytics, and Insights. Alan can be reached at alan(at)dronelife.com