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Drones market to be worth US$36.9B by 2022

The drones market will be worth $36.9 billion by 2022, according to the “Drones Market Shares, Strategies, and Forecasts, Worldwide, 2016 to 2022” research report, which provides analysis of drones in nine different categories to illustrate the diversity of uses for remote flying devices.

The drones market will be worth $36.9 billion by 2022, according to the “Drones Market Shares, Strategies, and Forecasts, Worldwide, 2016 to 2022” research report, which provides analysis of drones in nine different categories to illustrate the diversity of uses for remote flying devices. 

drones

Worldwide drone markets are poised to achieve significant growth with the use of cameras on stable flying platforms. The use scenarios cover drone aerial systems forecasts by sector, agriculture, oil and gas, border patrol, law enforcement, homeland security, disaster response, package delivery, photography, videography and others.

Drone aerial vehicle (UAV) technology has reached a level of maturity that has permitted DJI to garner $1 billion in revenue in 2015, doubling their revenue in one year. This achievement puts the drone systems at the forefront of aerospace manufacturing. Every industry and around the entire world vendors are adapting to drone availability. Use cases are evolving rapidly. Video, photos, specialized video, targeted video, and package delivery systems are offered.

According to lead author of the study: “Use of drones represents a key milestone in provision of value to every industry. Customized cameras are used to take photos and videos with stunning representations. Digital controls will further automate flying, making ease of use and flight stability a reality. New materials and new designs are bringing that transformation forward. By furthering innovation, continued growth is assured.”

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Drones are now being used for lifting cameras above the ground so every person who wants it can use a camera to rise above the earth to look down from above. Each person can choose thousands of vantage points, extending visualization beyond dreams. Drones are set to make every industry more productive with better, more flexible visualization. Drone uses provide the prospect of trillions of dollars in economic growth. Drones connect seamlessly and securely to the Internet and to each other.

Next generation commercial drones replace existing commercial airfreight delivery systems, and are used for 3D mapping, commercial pipeline observation, border patrol, package delivery, photography, and agriculture. They also last longer and have a significantly lower cost of operation than manned aircraft.

Drones markets promise to grow significantly because of the more economical visualization and navigation provided by systems. Visualization includes mapping from the air, inspection from the air, surveillance from the air, and package delivery from the air. The unmanned aircraft equipped with cameras are able to do things that cannot be done in any other way. This bodes well for market development.

Unmanned aircraft systems promise to achieve a more significant aspect of commercial market presence. Army Unmanned Aircraft Systems flying of three million flight hours gives drones market credibility. Eighty-eight percent of those hours were logged in combat situations in Iraq and Afghanistan, paving the way for commercial drone markets to develop.

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