In terms of the number of drones, DJI has control of nearly two-thirds of the world's market share, and UAVs are used in industries such as agriculture, energy, insurance, and mining. Commercial drones are used in a wide range of applications, with commercial market applications growing at a faster rate.
According to a report released by market research company Counterpoint on January 22, 2018, in recent years, drones have developed rapidly, and have gradually extended from photographic camera enthusiasts to industrial market applications. Counterpoint Research estimates that the hardware market for commercial drones is expected to reach $700 million by 2020, a compound annual growth rate of 33%, and the average selling price (ASP) is almost double that of the UAV field.
In the field of photography and photography, consumers are mainly used for video production, and more and more video production companies use aerial drones to shoot aerial footage. In the commercial market, UAVs are more used in the fields of agriculture, energy, insurance, mining and other industries. Counterpoint pointed out that shipments in the drone market will increase by 45% in 2018, with commercial market applications growing at a faster rate. Technological innovations such as collision avoidance, autonomous flight mode and first-person perspective (FPV), as well as price reductions, make drone systems easier to use in the commercial market.
As we all know, in terms of experienced players, DJI has control of nearly two-thirds of the global market share and dominates the hardware field. The high concentration of the hardware market has forced other peers to shift their focus to providing software solutions and services that will benefit the most from drone operations.
In fact, the application range of commercial drones is very wide. For example, in agriculture, drones can be used to monitor crop variability and ensure the use of irrigation, pesticides and fertilizers. Compared with traditional methods, it can save time, reduce investment, and increase agricultural output, income and profits. Not only that, but drones have achieved the same success in many other industries.
UAV transport is often seen as the next promising drone market. Several companies are currently testing their systems, from parcel delivery (Amazon Prime Air) to providing emergency support services (such as Flirtey, Zipline). Because of the limited resources or the difficult terrain, the drone is still capable of transporting goods remotely.
Figure 1: Impact of drone applications on various industries
Although the use of drones in many industries is rising, the regulatory issues that follow are urgently needed to be resolved. At present, the rules and regulations vary from country to country, making the drone limited in use. In some countries, drones that exceed a certain weight require forced boarding.
Counterpoint believes that in the commercial sector, drones are now used more in the media, entertainment, agriculture and construction industries. Looking ahead, in emerging markets such as insurance, telecommunications and transportation, the chances of commercial drones being used in service mode will increase significantly.
Automotive Connector
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Automotive Connector
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