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