Skip to main content

Commercial Drone Aircraft Apps will Drive New Demand

The spectrum of possibilities for device applications within the Internet of Things (IoT) may be limited more by our own imagination than any other factor. As an example, consider the variety of demonstrations for small drone aircraft technology at the International CES 2015 this week in Las Vegas.

Imagine capturing live video from a drone aircraft and streaming it over the internet, via a 4G LTE wireless network connection. This is just one of the emerging applications for this new technology category.

The Small Unmanned Arial Systems (sUAS) market  -- that's the formal name for a class of drones -- will surpass $8.4 billion by 2018, according to the latest worldwide market study by ABI Research.

By 2019, the Commercial sector will dominate the overall sUAS market with revenues exceeding $5.1 billion (that's a 51 percent CAGR from 2014 to 2019), or roughly five times larger than the Prosumer/Hobby market, and 2.3x greater than the Military/Civil market segment.

Moreover, ABI says that it's application services -- industry specific applications, as well as data, operator and modeling services -- and not platforms and other hardware technologies, which will be the key driver for the growth of the Commercial sector.

Ongoing research advancements, technological developments, and rapidly dropping prices for increasingly capable enabling technologies, have combined to remove barriers to innovation and commercialization.

These advances will spur the development of new sUAS use-cases and increase the ways in which they can be applied in the broader business-oriented marketplace.

According to the ABI assessment, the sUAS market was not defined by, or limited to, the unmanned aerial system platforms and airframes alone, but also includes other technologies, products and services that are ancillary to the use of small unmanned drone aircraft.

"The commercial sector is the sweet spot for the sUAS market, a fact recognized by both traditional defense industry suppliers such as Elbit Technologies, AeroVironment, and Aeryon Labs, as well as providers to the Prosumer/Hobbyist marketplace -- including DJI, Parrot, SenseFly, 3D Robotics, and others," said Dan Kara, practice director at ABI Research

As a result, both groups of sUAS makers, along with other classes of solution providers, are aggressively targeting the Commercial sector through acquisitions, internal development, partnerships and investment.

Starting in 2015, drones may become one of the more interesting categories of IoT devices to follow.

Popular posts from this blog

Low-Code Software Tools Fuel Transformation

Many CEOs have shared their concern that the digital transformation apps backlog within their organization is causing delays in planned growth initiatives. Therefore, they're investing in new approaches to the challenge. The worldwide market for low-code software development technologies is forecast to total $26.9 billion in 2023 -- that's an increase of 19.6 percent from 2022, according to the latest worldwide market study by Gartner. "Business Technologist" roles and a growing number of hyper-automation initiatives will be the key drivers accelerating the adoption of low-code software technologies through 2026. Low-Code Software Market Development "Organizations are increasingly turning to low-code development technologies to fulfill growing demands for speed application delivery and highly customized automation workflows," said Varsha Mehta, senior research specialist at Gartner . Equipping both professional IT developers and non-IT practitioners -- e.g.

How Savvy Leaders Re-Imagine Work in 2023

As we look to the year ahead, there will be significant challenges and opportunities facing the Chief Human Resource Officer (CHRO) role. In order to be successful, savvy HR leaders must be prepared to take proactive steps that adapt and evolve. "HR leaders have faced an increasingly unpredictable environment amid many organizations mandating a return to office, permanently higher turnover and burnt out employees," said Emily Rose McRae, senior director at Gartner . HR Innovation Market Development One of Gartner's key predictions for 2023 is that the use of artificial intelligence (AI) and automation will continue to increase within the enlightened digital workplace. This transition will require HR leaders to develop new skills and competencies in order to effectively manage and lead teams that are increasingly relying on these enabling technologies. Additionally, HR leaders will need to ensure that their organizations are investing in the necessary infrastructure and re

Secure Microcontroller Market to Reach $2.2 Billion

In spite of the volatile global semiconductor industry being plagued by ongoing macroeconomic and political disruption issues, the secure microcontroller (MCU) market should continue to prosper. While the forecasted total available market has contracted -- especially in the smart home, retail, advertising, and supply chain spaces -- secure MCU shipments will likely be temporarily affected.  According to the latest worldwide market study by ABI Research, the secure microcontrollers market will grow to reach $2.2 billion by 2026. Secure Microcontroller Market Development "In part, this is due to the niche nature of security demand which commands a higher value proposition," says Michela Menting, research director at ABI Research . In the short term, potential supply chain issues due to trade embargoes and global COVID-19 pandemic quarantines at manufacturing sites will affect availability. Yet, demand for security, especially in general purpose microcontrollers, will ensure the