The Unmanned Aircraft Systems (UAS) Market Revenue Expect to Exceed $27 Billion In 2025

- Financialnewsmedia.com News Commentary

PALM BEACH, Fla., April 23, 2021 /PRNewswire/ -- The market for drones has been growing in the consumer, commercial, governmental and military markets, and reports see continued substantial growth for years to come. Unmanned Aircraft Systems (UAS) is an aircraft system without a human pilot aboard, commonly known as a drone and also referred by several other names. Unmanned Aircraft Systems can be remote controlled aircraft or fly autonomously based on pre-programmed flight plans or more complex dynamic automation systems, they can be used both for wild land firefighting and civilian fields. Drones are remarkable devices. They can hover in midair, do back flips and spins; they can maneuver smoothly and precisely through small spaces or in concert with other drones; and they can do all this while carrying things like a stabilized video camera and a multitude of other technologies on board. The extent of their versatility is what makes them a viable option for a number of different tasks. Drones can be deployed as weapons in far-away wars, or can help reinvent the way humanitarian aid is provided. Drones can help advance scientific research, or can perform tracking and monitoring and surveillance work. Drones could revolutionize the way humans do certain work or even perform dangerous tasks, but they could also encroach on the core values of a free and democratic society. Drones have unique capabilities and are very flexible in terms of the tasks they can perform, which is what is making them a desirable alternative to manned flights.  Active stocks in the markets this week include General Dynamics (NYSE:GD), Plymouth Rock Technologies Inc. (OTCQB: PLRTF) (CSE: PRT), AeroVironment, Inc. (NASDAQ: AVAV), Raytheon Technologies (NYSE: RTX), Northrop Grumman Corporation (NYSE: NOC).

Multiple reports project increasing revenues. A report from IndustryARC said that the total market revenue was valued at $2 billion in 2017 and it is expected to reach $4.5 billion by 2023 at a CAGR estimation of 24.5% in forecast period… by 2023 the U.S. is expected to dominate Americas UAS market. Americas region is followed by APAC and dominated by Japan and China. China is the largest manufacturer of consumer drones. Another report sees even more growth. A report from Industry Research said that the Unmanned Aircraft Systems (UAS) market revenue, which was $14.458 Billion in 2019, and will reach $27.072 billion in 2025, with a CAGR of 11.02% during 2020-2025.