Drones

• The world's first commercial flight corridor for drones will be established by the end of the year, paving the way for airborne parcel delivery services.
• The gold standard going into 2020 will likely be Amazon Prime Air, which uses drones to deliver certain products to customers within 30 minutes or less.
• The drone market is growing rapidly, with European demand estimated at in excess of EUR 10 billion annually, in nominal terms, to 2035 and over EUR 15 billion annually to 20502.
• The agricultural drone market is anticipated to grow more than 38% over the forecast period 2017-2025.
• DJI faces mounting political pressure in the United States, one of the world's biggest drone markets where the Trump Administration has pursued an aggressive campaign against Chinese companies; contending they pose a security risk.
• Slow charging - plus the added cost of extra batteries and manually swapping them out between flights - is hindering the growth of a commercial drone market estimated to be worth $129bn by 2025.
• By 2021, there will be more than 420,000 small drones or unmanned aerial systems in the US providing commercial services from package delivery to crop and bridge inspections, among many others.
• A global drone market estimated to be worth $4 billion is forecast to rocket to $40bn within five years, incorporating an anticipated increasing trend towards drone deliveries.
• The market related to drone applications and services is growing rapidly and European drone service revenues are expected to reach EUR 250 million by 2025.
• The rapid growth of drones - the commercial market in the US alone is expected to triple in size in the next five years - is one of the biggest issues impacting the aviation industry.
• France have a further 12 Reaper drones on order to double its fleet, which will be delivered over the next few years.
• The market related to drone applications and services is growing rapidly, and European drone service revenues are expected to reach EUR 250 million by 2025.
• The global consumer drones market is expected decline from $2.47 billion in 2019 to $2.33 billion in 2020 at a compound annual growth rate of -5.60%.
• Within Europe, Germany's UAV market is forecast to grow at approximately 10.7% CAGR while Rest of European market will reach US$ 1.7 Billion by the year 2027.
• Global Smart Commercial Drones Market is expected to rise from its initial estimated value of USD 2578.33 million in 2018 to an estimated value of USD 329295.5 million by 2026, registering a CAGR of 83.35% in the forecast period of 2019-2026.
• Precision medicine, autonomous vehicles and drones are growing fast, while artificial intelligence (AI) alone is expected to boost global growth by 14% by 2030.
• 2020 will be a promising year for drone deliveries, as several companies move from testing towards mainstream adoption.
• In India, between 2017-2023, the expected growth rate of the drone market would be eighteen per cent per annum.
• AVs, including the delivery drones, will make up to 80% of deliveries in the future, while NASA estimates that 2.6 million commercial drones will be in the air in 2020 itself.
• North America is expected to have a leading share in the Drone Analytics Market over the coming years.
• The unmanned aerial vehicle (UAV) market is expected to reach $21.8 billion by 2027, at a CAGR of 14.1% during the forecast period of 2020 to 2027.
• Over the next couple of years drones will remain a niche vehicle and not widely used.

Last updated: 04 October 2020