Market Forecast Report of Commercial Unmanned Aerial Vehicle Industry

In the middle of September, one of the most professional UAV research institutes, Yucheng Aerospace released a new UAV industry research report about the 2017-2022 Global Commercial UAV market. It is reported that in the next five years, the commercial UAV market will face tremendous growth and transformation. UAV has long been nothing new and with the commercial application of the market gradually opened, the UAV industry's wave of commercialization has quietly hit.

In 2016, the market value of the commercial unmanned aerial vehicle industry was $ 1.3 billion; according to the forecast, the market value of the commercial unmanned aerial vehicle industry will grow rapidly over the next five years. By 2022, this figure will reach $ 15 billion, nearly 12 times its value from 2016. The concept of market value for the commercial UAV industry includes hardware, software and analysis as well as gross revenue for UAV services.

Commercial UAV shipments

With the commercial UAV penetration rate increased significantly, its shipments will also increase significantly. By 2022, commercial unmanned aircraft shipments will exceed 620,000, six times the amount of 2016's. China and the United States — the countries of two major sellers of unmanned aerial vehicles — will by 2022 account for more than 50% of the global commercial UAV industry market value (of which China accounted for 19% and the United States accounted for 31%).

In 2016, the US market for commercial unmanned aerial vehicles accounted for nearly one-third of the commercial UAV global market, and it is expected that by 2022 the United States will become the world's largest terminal market for commercial unmanned aerial vehicles. Recently — due to the United States Federal Aviation Administration's (FAA) UAV management policy, which tends to be loose and transparent — almost every vertical industry has provided a huge opportunity for the terminal market. In addition, in the next five years, China's global business in the UAV market share will increase significantly; agriculture, police, fire and infrastructure applications have great potential.

At present, the lower threshold UAV products (usually refers to the price of less than 2,000 US dollars or 13,000 yuan) dominate the UAV market. By 2022, they will occupy the global UAV shipments of two-thirds. But interestingly, five years later they expect only 13% of the gross revenue of the UAV market, as UAVs are moving towards "industrial" transformation. For the autonomous unmanned aerial vehicle, currently (2017), its shipments are almost zero, negligible; but by 2022, it will be a completely different scene — to achieve full free flight, unmanned machine shipments will exceed 12,000 units. These all-in-one unmanned aerial vehicles do not require any man-made operations throughout the mission, and they will begin to appear in large quantities in the UAV market by 2020. One reason is technological development, but the main reason is the consumer awareness of the UAV's rise as well as the unmanned aerial vehicle regulatory mechanism being mature and sound, making the independent UAV usher in the development of the mature period.

Chinese enterprises in Dajiang (DJI) in the consumer-class UAV market dominance is very obvious. In 2016, Dajiang is the world's largest supplier of unmanned aerial vehicles, ranked fifth in the subsequent suppliers for the US 3DR, China's Ewatt Technology (Ewatt), Switzerland's SenseFly, Japan's Yamaha (Yamaha), China's Hao Xiang (Yuneec). Among them, Dajiang accounted for 53% of the global UAV market share, the other five suppliers share the total share of the global UAV market share of 23%.

Commercial unmanned aerial vehicles in various fields and industry growth

In the next five years, UAV applications in the following 15 industries and areas will increase significantly (as shown above): agriculture, housing testing, construction, mining, transportation, logistics, oil and gas, power lines, renewable energy, media and entertainment, police and fire, traffic monitoring, environmental monitoring, disaster response, public land management. Among them, the logistics industry, oil and natural gas, as well as police and fire, three areas of the fastest growing, respectively, to 238%, 126% and 110%. In addition, although the current unmanned aerial vehicles in the field of media and entertainment are the most widely used, by 2022, with its development speed clearly catching up in other areas, it is expected to increase its annual rate of only 16%.

Source: www.yuchen360.com

Source: Yucheng Aerospace

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