Market Trends of Drones Industry
Construction Segment to Dominate the Market During the Forecast Period
Drones are rapidly replacing traditional land surveillance methods, as they offer a significant reduction in labor and time to capture the necessary data while eliminating the scope of human error.
Moreover, drones are being increasingly utilized to perform visual inspection of the high-risk areas of a construction site. The efficiency of on-site communication and management is also bolstered by the ability to collect real-time data from drones.
Drones also help engineers and surveyors inspect high-rise structures and visualize the project's progress through aerial shots. Additionally, they provide site managers with an overview of potential issues and facilitate key decision-making aspects to streamline the operations at a construction site.
The increasing demand has encouraged drone manufacturers to manufacture more drones, specifically for the construction industry. For instance, in November 2021, the drone-in-a-box solutions provider Percepto announced the launch of a new drone called Air Mobile. According to the company, Air Mobile is ideal for linear inspections and can monitor short-term projects across multiple sites in sectors like construction. The Air Mobile drones can be stored permanently on-site within their respective Percepto Bases. The encasements are designed for infrequent maintenance and protection against extreme environmental phenomena, such as hurricanes.
Asia-Pacific to Witness Highest Growth During the Forecast Period
The recent changes in drone regulations in several countries across the region are expected to support the market growth in Asia-Pacific.
China has become the global hub for drone manufacturing over the last six years. More than 70% of the global civilian drone market is supported by China. The Chinese government is providing various subsidy schemes and other favorable domestic policies for drone purchases to promote the adoption of drones in various industrial sectors.
According to the market forecasts, the increasing demand for drones for monitoring, inspection, surveying, and surveillance applications in the construction, agriculture, infrastructure, energy, telecommunications, mining, and insurance industries is propelling the growth of commercial drones in the region.
The Japanese government recently implemented new regulations for drone manufacturers and users, which may support the Japanese drone market in the future. The government has taken initiatives to improve the country's commercial drone market growth and announced its plans to establish a streamlined registry system by 2022 to offer more opportunities for drones.
Australia is a major industry hub in Asia-Pacific, which is witnessing the rising importance of BVLOS testing. In December 2021, Australia's Civil Aviation Safety Authority (CASA) granted operational approval to the drone-in-a-box solutions provider, Percepto, to fly beyond visual line of sight (BVLOS) in the country.
Operators in the country are rapidly developing technologies and services to support the large drone ecosystem. The supportive drone regulations in Australia, introduced by the Civil Aviation Safety Authority (CASA), in support of many domestic and international players, are helping the penetration of drones into several such applications.
