Drone market is expected to ‘go sky high’
The market of Remotely Piloted Aircraft Systems (RPAS) is expected to go significantly in ten years.
According to Euroconsult’s latest report, the drone market is expected to grow significantly from $1 billion in 2015 to $26 billion in 2025.
The civil and commercial RPAS market is at an early development stage compared to the military and leisure sectors. Recent improvements in the regulatory context in a number of countries and technological advances have led to an increase in the number of applications using RPAS for commercial purposes.
All this has led a number of companies to enter the market in search of new opportunities in a sector with strong growth potential.
Agriculture was estimated to be the largest user of RPAS in 2015, accounting for 39% of units used, ahead of video & cinema and engineering & transportation infrastructure. Leading regions for the use of UAVs include Asia Pacific, Europe and North America; the commercial RPAS market is still early in the development phase in other regional markets.
Japan has the most mature RPAS market, having begun use in agriculture more than 20 years ago. Other leading commercial RPAS countries include Australia, Canada, France, the U.K. and the U.S.