AUSVI and MarketsandMarkets Severly Disagree On Drone Market Size

/, Drones, Opinion/AUSVI and MarketsandMarkets Severly Disagree On Drone Market Size

AUSVI and MarketsandMarkets Severly Disagree On Drone Market Size

AUVSI (Association for Unmanned Vehicle Systems International) LogoAn estimated 30,000 commercial and civil drones might be circling the skies new you by 2020, according to the Federal Aviation Administration (FAA). The Association for Unmanned Vehicle Systems International (AUVSI) estimates that between 2015 and 2025, the drone industry will create 100,000 jobs and create a $82 Billion market in the US.

FAA LogoAccording to MarketsandMarkets, $82 Billion is a gross overestimation. In their new market research report, MarketsandMarkets projects that the industry will only reach $1.27 Billion by 2020. That’s a disparity of $80.73 Million.

Who is right and who is wrong? Do you believe the AUVSI estimation or the MarketsandMarkets estimation? I look forward to your responses.

 

According to a new market research report “UAV Drone Market for Commercial by Type (Fixed Wing, Rotary Blade, Quad Rotor), Technology (Energy & Propulsion System, Automation, Collision Avoidance), Application (Government, Agriculture, Manufacturing, Retail) & Geography – Global Forecast to 2020”, published by MarketsandMarkets, the total UAV Drone Market for Commercial was valued at $15.22 Million in 2014 and is expected to reach $1.27 Billion by 2020, at an estimated CAGR of 109.31% between 2014 and 2020.

While this is about to get really dry, I think the details of the report are really interesting.

The geographic segmentation in the report helps to determine the market size in various regions including the Americas, Europe, APAC, and RoW. The UAV Drone Market for Commercial is expected to witness a prominent growth and is expected to scale up to$1.27 Billion by 2020, growing at a CAGR of 109.31% between 2014 and 2020. With about 72% share in the overall UAV Drone Market for Commercial, the rotary blade is expected to be the major contributor to the overall market. The segment is expected to reach $970 Million by 2020, at a CAGR of 110.61% between 2014 and 2020.

The UAV Drone Market for Commercial is a highly diversified market with a large number of companies that include mid-tier organizations and start-up firms such as Airware (U.S.), Parrot (U.S.), 3D Robotics (U.S.), and DJI (China) among others. The UAV Drone Market for Commercial is highly regulated; the companies need to undergo an approval cycle before using drones for commercial purposes. DJI held the leading position in the UAV Drone Market for Commercial in 2014.

UAV Drone Market for Commercial Worth $1.27 Billion by 2020

About MarketsandMarkets

MarketsandMarkets is world’s No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors.

M&M’s flagship competitive intelligence and market research platform, “RT” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical info graphics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence

About AUVSI

The Association for Unmanned Vehicle Systems International is the world’s largest non-profit organization devoted exclusively to advancing the unmanned systems and robotics community. Serving more than 7,500 members from government organizations, industry and academia, AUVSI is committed to fostering, developing, and promoting unmanned systems and robotic technologies. AUVSI members support defense, civil and commercial sectors.

By | 2017-08-31T15:24:46+00:00 July 14th, 2015|Drone Investing, Drones, Opinion|Comments Off on AUSVI and MarketsandMarkets Severly Disagree On Drone Market Size

About the Author:

Sam Estrin
I'm an avid drone enthusiast and part-time drone blogger living in Southern California. I write drone news stories as well as collect drone news stories that I find interesting and add my own thoughts and opinions. If you like my stories, you can follow me on Twitter or visit me at LinkedIn. If you'd like me to write for your drone oriented publication or blog, you can contact me at info@droneuniversities.com.