SecurityWorldHotel

06/01/2017

Drone services market set to soar

Hadapsar, India

According to recent published research from Marketsandmarkets, the drone services market is estimated to be USD 705.3 million in 2016 and is projected to reach USD 18,022.7 million by 2022, at a CAGR of 71.62% during the forecast period.

Key factors expected to fuel the growth of the drone services market is the increasing demand for high quality and real time data, favourable changes in policies and regulations pertaining to the use of drones in civil aerospace and rising demand of drones in the commercial sector.

The aerial photography & remote sensing application segment is expected to dominate the market during the forecast period and based on application, it is anticipated to witness the highest growth during the forecast period. Aerial photography and remote sensing is considered as a low cost system and is considered as the most suitable and efficient way of collecting surveillance data for 3D mapping in various industries, such as oil & gas, agriculture, and logistics, among others.

Based on type of drone, the multirotor drone segment is projected to witness highest growth during the forecast period owing to the ability of multirotor drones for vertical take-off and landing (VTOL), stability, and capacity to hover and perform agile manoeuvering.

Based on duration of service, the short duration drone segment is projected to lead the market during the forecast period. Short duration drone services are used in several industries for photography, inspection, and monitoring. Long duration service is projected to grow witness high growth, owing to the increasing use of long duration drone services for mining and construction purposes.

In terms of geographical growth, Asia-Pacific is predicted to witness highest growth during the forecast period, owing to the expansion of the commercial sector, increase in reliability of drones, and improvements in policy frameworks regarding the use of drones in civil aerospace. North America is estimated to lead the drone services market in 2016, due to increased use of drone services in infrastructure, agriculture, and media & entertainment industries in the region.

Key players profiled in the drone services market include Airware, Inc, Sensefly Ltd, Aerobo, Cyberhawk Innovations Ltd, and Sky-Futures Ltd, among others.


Tags

Business News

It didn’t take long to see the results, the jail caught somebody throwing contraband over the back fence shortly after the installation was completed.

New IP surveillance catches contraband smugglers at county jail

Colquitt County jail in South Georgia, needed to make some significant upgrades to their surveillance infrastructure if they were going to fulfill their obligation to not only keep the Colquitt County public safe, but the inmate population as well. The previous black and white analogue system had become outdated and no longer met their requirements and so a completely new video system from Pelco by Schneider Electric was selected to renew and upgrade the system using the latest IP video surveillance technology.

Business News

Vivotek solution benefits enforcement system in Argentina

Until Vialseg developed a new system, the traffic light enforcement system in Argentina relied on devices based on physical inductive loops installed under the pavement and a physical connection to the traffic light controller. This traffic light enforcement system without a physical connection to the street and traffic lights created constant down time, and resulted in a lack of captured violations due to road maintenance or lost connection with the traffic light itself as two common examples.

Product News

Surveon releases comprehensive residential solutions

Many people are opting to live in a residential community nowadays so as to enjoy a higher quality of life whilst taking advantage of cost-sharing. As a result, the security in such communities becomes critical for residents. Surveon offers a professional surveillance solution for residential applications, including high-resolution cameras, enterprise hardware RAID NVR as well as enterprise VMS with active VI detection, which has a pre-configured base for a number of scenarios, ensuring rapid and accurate action to protect family and assets from potential threats.

Product Suppliers
Back to top