See full analysis Learn more Drones [New] Starting in 2022, the FAA's Remote ID requirement will necessitate every drone sold in the U.S. that weighs more than 0.55 pounds to come with a way to broadcast its location and identification to local authorities or a digital license plate for drones. [New] Japan's drone sensor market is expected to witness rapid growth, in terms of technology and procurement. The UK government said the new stop and search powers would apply to people suspected of using drones maliciously nears airports. Over the next five years the Counter UAV market will register a 18.7%% CAGR in terms of revenue, the global market size will reach $6327.8 million by 2025, from $3190.4 million in 2019. In 2019, the civil UAV market had a global volume of about USD 5.5 billion and the market for production and services applications is forecasted to grow at around 11% per annum over the next five to six years, largely driven by the infrastructure sector. The use of drone technology for inspecting offshore oil and gas assets is predicted to grow by a further 60% over the next five years. The Vanguard initiatives objective is to accelerate the time it takes to go froThe USAF has stated that it wants Skyborg to be a program of record and drones to be fielded and operationally capable by 2023. A recent report from Fortune Business Insights predicts the global agricultural drone market to reach $3.7 billion in value by 2027, at a compound annual growth rate of over 18%. Consumers are expecting to further embrace new technologies by 2030: 80% say they expect delivery by drone, 81% expect to engage with chatbots, and 78% expect to use an augmented, virtual, or mixed reality app to see how a product will look. Adoption of Drone / UAV is increasing in India and it is projected that the value of industry and market would be around US$ 885.7 million, while the global market size will touch US$ 21.47 billion by 2021. Led by countries such as Australia, India, and South Korea, the UAV market in Asia-Pacific is forecast to reach US$ 1.1 Billion by the year 2027, while Latin America will expand at a 13.8% CAGR through the analysis period. Security firms have found a way of using interceptor drones that can lock onto a target, release a net and disable it in mid-air. Drone activity becomes both terror-related and a deliberate act of disruption, using industrial specification drones. The global market for artificial intelligence for agriculture is expected to surpass $2 billion by 2024. The global total addressable market for counter-drone products is estimated to be worth US$ 48 billion (around A$ 66 billion) by 2030. The global market for drones is forecast to grow from $3.7 billion in 2018 to $103.7 billion by 2023, with Chinese manufacturers capturing half that value. Australia can expect delivery of its first Northrop Grumman MQ-4C Triton high-altitude, long-endurance (HALE) unmanned aerial vehicle (UAV) in 2023, and of the second and third aircraft by early 2025. Over the next five years the Smart Commercial Drones market will register a 89.5% CAGR in terms of revenue, the global market size will reach US$ 65300 million by 2024, from US$ 1410 million in 2019. The number of commercial BVLOS drone flights in the UK will doubtless increase - slowly but surely - in the coming years. The world's first commercial flight corridor for drones will be established by the end of the year, paving the way for airborne parcel delivery services. The gold standard going into 2020 will likely be Amazon Prime Air, which uses drones to deliver certain products to customers within 30 minutes or less. Last updated: 10 January 2021 Hi, Would you like a quick online demo of our service from an experienced member of our team? Yes No