Unmanned aerial vehicle (UAV) is becoming a crucial asset for various purposes, including surveillance and logistics. Market players are taking proactive measures to optimize the capabilities of UAVs to empower military groups and improve the security of countries. From developing military-grade UAVs for detecting threats through surveillance to supplying materials in war zones, market players are joining forces with other market players and governments to develop advanced UAVs. They are also signing partnership deals for localizing the production of UAVs. Furthermore, governments of different countries are investing heavily in developing UAVs for security purposes and providing rapid response in emergency situations. These activities are expected to drive the growth of the UAV industry. According to the report published by Next Move Strategy Consulting, the global unmanned aerial vehicle market is estimated to reach USD 98.49 billion by 2030. Following are some of the ongoing trends in the industry.
The partnership is one of the major trends in the industry as market players join forces to develop the most advanced UAVs using emerging technologies for security purposes. Furthermore, market players are adopting the partnership strategy to enhance their capabilities and strengthen their positions in the market. Skydio, one of the leading U.S.-based UAV manufacturers, partnered with Aeroarc, an India-based company for the production of UAVs that comply with Indian regulations and matches the world-class standards. According to the policies set by the Indian Government, the import of UAVs is not allowed in India. This is why Aeroarc joined forces with Skydio for the production of UAVs.
Skydio is equipped with artificial intelligence (AI) technology, which helps UAVs easily navigate complex environments in real time. The company highlighted that it took the step as the U.S. aims to strengthen its strategic partnership with India. The UAVs will be utilized for the customers of the Indian Government. Furthermore, this partnership aims to reach new benchmarks in terms of quality through local production. Such initiatives will also deepen the strategic technology partnership between the nations.
Market players are also forming partnerships to enhance surveillance capabilities and security. They are bringing cutting-edge technologies to the table for developing advanced UAVs. Iveda, a cloud-based AI video and sensor technology provider, joined hands with Evergreen Aviation Technologies Corp. (EGAT), an aircraft maintenance solutions provider. The partnership aims to bring advanced UAVs to the global market. It empowersIveda to sell military-grade UAVs across the world. EGAT will develop UAVs, which can fly at the altitude of 10,000 to 30,000 feet and will be equipped with AI video analytics technology.
Through this partnership, both companies will utilize each other’s capabilities to develop smart UAVs for governments and military groups worldwide. These UAVs will send real-time notifications about the risks, which, in turn, will enable rapid response. As they have the capabilities to survey a large stretch of land, military groups such as coast guards can keep an eye on security breaches and avail alerts about suspicious activities. This way, these UAVs will improve surveillance capabilities and security considerably. Through this partnership, both companies aim to take UAV technology to greater heights and expand the global footprint for surveillance and security. The partnership trend will expand the international footprint of the companies and bring innovative technologies for security purposes.
Along with the partnership, government initiative is another trend in the UAV market. Governments of different countries are taking initiatives to strengthen their security capabilities with the help of UAVs. The emphasis is on logistical operations. The DefenceResearch and Development Organization (DRDO) of India developed UAVs for carrying payloads from 5 to 25 kilograms in the Himalayas. Furthermore, this UAV is capable of dropping bombs on the territories of the enemy. The DRDO officials stated that they conducted trials for these UAVs at an altitude of nearly 14,000 feet. There will be more trials of the UAV. The officials also stated that they developed UAVs for conducting autonomous missions. These UAVs can navigate within the five-kilometer radius and supply medicines to soldiers in war zones and high-altitude areas. They have an auto mode, in which they will drop supplies and return to the origin.The officials added that they are working on raising the payload capacity of UAVs to 30 kilograms.Such developments will improve the capabilities during emergency situations and strengthen the capabilities of the military.
The U.S. Government is also making strides toward improving itssecurity capabilities and providing a rapid response through the delivery of supplies. The government invested USD 8 million for the development of 21 delivery UAVs. These delivery UAVs, known as TRV-150C, fly at nearly 67 miles per hour and have a payload carrying capacity of 150 pounds. The U.S. Department of Defense stated that these UAVs are developed for providing rapid and autonomous aerial distribution for small military units operating in dense and complex environments. To ensure the constant supply to military units, TRV-150C enables rapid and flexible emergency response, continuous supply and release of materials, and routine distribution. The range of these drones is 43 miles. However, when they are loaded with 150 pounds, the range becomes 8 miles. They have a big landing gear, four legs, and contain two rotors on each limb. The utilization of UAVs for delivery will increase as countries find different ways to tackle emergency situations and strengthen their capabilities.
In the future, there will be more innovations as technologies advance and governments of different countries aim to improve their security capabilities. Investments in research and development activities are also expected to increase in the coming years. Manufacturers, technology giants, startups, and organizations will join hands to develop state-of-the-art UAVs. The UAV market is expected to grow significantly over the next few years.