Unmanned Aircraft Systems (UAS) Market - Forecast(2021 - 2026)

 Unmanned aerial vehicles has been around for years, but confined to Military sector. However, cost effective & ease of operations has led to incorporation of these systems into commercial space as well.


Commercial UAS are majorly used by businesses and organizations to enhance their productivity whereas consumer UAS are used by civilians for personal purposes such as photography, videography and recreational purpose as well. 


Americas is the leading player in UAS market and it is dominated by Canada in 2017. However, by 2023 the U.S. is expected to dominate Americas UAS market. Americas region is followed by APAC and dominated by Japan and China. China is the largest manufacturer of consumer drones. The total market revenue was valued at $2 billion in 2017 and it is expected to reach $4.5 billion by 2023 at a CAGR estimation of 24.5% in forecast period.


What are Unmanned Aircraft Systems?
Unmanned Aircraft Systems (UAS) also known as drones are air vehicles which operates remotely or fly autonomously without human intervention. Unmanned aircraft systems (UAS) is based on cutting-edge developments in aerospace technologies, offering advancements which may open new and improved civil/ commercial applications as well as improvements to the safety and efficiency of all civil aviation. 


What are the major applications for Unmanned Aircraft Systems?
The major applications of these systems include agriculture, law enforcement & public benefit, earth observation, industrial, photography/ videography, real estate as well as education amongst others. In recent past agriculture as well as industrial sectors have been the major end-users of commercial unmanned aircraft systems. On the other hand photography has grown as one of the major application of consumer UAS. The defence systems incorporate drone systems for surveillance and signaling and even for testing their equipment. The innovative use of UAS has been demonstrated in on-air package delivery systems. UAVs are very versatile devices and thus there are unlimited chances for innovative uses being further discovered and explored by scientists and researchers in labs. 

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Location: United States

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