The UAV drones market has witnessed enormous developments in the past few years. The North American region is expected to capture the largest market share in 2017, and the market in APAC is expected to grow at the highest rate between 2017 and 2023. Hence, these are the major regions in which the UAV drones technology is expected to witness the maximum growth. This is because of the presence of a large number of manufacturing companies in these regions, and also the two regions have seen a number of deployments in the recent past. The UAV drones market is highly competitive with several big players and small players.
Until 2017, the UAV drones market was dominated by Northrop Grumman (US), DJI (China), General Atomics Aeronautical Systems (US), Parrot (France), Thales (France), 3DR (US), Boeing (US), PrecisionHawk (US), Lockheed Martin (US), and AeroVironment (US). Product launches, partnerships, and collaborations were the prevailing strategies adopted by the top players to capture a larger share in the UAV drones market.
Top 2 players in the UAV drones market:
Northrop Grumman Corp. has been consistently upgrading its product in accordance with the technological advances. For instance, in August 2017, the company demonstrated its advanced mission management and control system at Advanced Naval Technology Exercise (ANTX). This system enables collaborative operations of multiple unmanned undersea vehicles (UUVs), unmanned surface vehicles (USVs), and unmanned aerial vehicles (UAVs) for collecting, analyzing, and synthesizing data from numerous sensors. The gathered information further helps in developing real-time targeting solutions that enable an UUV to engage an adversary’s seabed infrastructure. The company adopts expansion as its key business strategy to remain competitive in the drones market space. For instance, in April 2017, the company opened a new facility in North Dakota, US. Research and development; pilot, operator, and maintainer training; operations and mission analysis; and aircraft maintenance are the key activities carried out at this new facility.
DJI offers UAV platforms that empower users to capture images of the places such as volcanic mountains, deep valleys, and coal mines that are difficult to reach. The company’s flying and camera stabilization systems have redefined camera placement and motion. The company believes that by expanding its business and opening new stores at key locations such as Hong Kong, the US, and South Korea, it can engage consumers from all walks of life such as local photographers, aerial enthusiasts, and commercial users seeking the latest technologies. For instance, in August 2016, DJI officially opened its first DJI Arena in South Korea to the public. The facility aims to provide a gathering place for aerial enthusiasts as well as a practice venue for people learning about aerial technology, e.g., first-time pilots. The DJI Arena will help foster the local drone culture and play an important role in building a healthy UAV ecosystem in South Korea. Also, DJI has an important role to play in the Part 107 rule as it was invited to join the Drone Advisory Committee established by the FAA to identify the most important issues raised by growing drone use and to recommend strategies for safely integrating drones into the airspace.
Unmanned Aerial Vehicle (UAV) Drones Market by Type (Fixed Wing, VTOL, STUAS, MALE, HALE), Payload (Up to 150 and 600 kg), Component (Camera, Sensor), Application (Media & Entertainment, Precision Agriculture), and Geography - Global Forecast to 2023
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