Drones: Here & Now
The Unmanned Aerial Vehicles (UAVs, Drones) Market is already here and now, with forecasts indicating it can reach $10.04Bn by 2020, with CAGR of 11.6% (2015-2020). The market is constantly evolving and is in need of solutions, which would allow complex operations, such as beyond visual line-of-sight operations (BVLOS), assets management and situational awareness for both Commercial and Non-Commercial users. To achieve this, the solutions must guarantee that the UAV operations do not create conflicts with other airspace users, violate privacy of others, compromise public safety and security, and allow easy identification and traceability.
Change Brings Opportunity
“We expect drones will have multiple industrial and government applications, building upon the diverse uses they are already being put to <…> UAV regulation is likely to constrain their use. In some markets, regulation is imminent, while in others, drones come under the same rules as apply to remote controlled aircrafts. <…> A likely outcome in many markets is that UAVs will be integrated into current flight control systems. This will likely require an upgrade of current systems to allow for significantly increased capacity…”
Drones: High Profile and Niche
Sales of non-military UAVs are in the region of 300,000 units PA (Deloitte)
Industry revenues: $200M-$400M (2015, Deloitte)
Total Market Capacity $5.6Bn-$9Bn by 2022 (various sources)
Commercial UAV Market to reach $2.07Bn by 2022 (Grand View Research)
Number of Commercial UAVs in use (total) exceeded 1M in 2015 (2015, Deloitte)
CAGR 37.74% 2015-2020 (M&M)
UAV-Powered Solutions Market: $127.3Bn (2016, PWC)
Impact on Airspace of drones measured in flight hours and distances
(Credit: European Drones Outlook Study, Sesar, 11/2016)
Our Focus & Priorities
DroNav is being designed as a universal platform, connecting various stakeholders (operators, regulators, law enforcement agencies, product developers) and is capable of providing interoperability of different systems in a unified environment. The proposed Project Evolution Plan allows for a phased introduction to the market with minimum required CAPEX from the stakeholders.