Inside Unmanned Systems

AUG-SEP 2017

Inside Unmanned Systems provides actionable business intelligence to decision-makers and influencers operating within the global UAS community. Features include analysis of key technologies, policy/regulatory developments and new product design.

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AIR MARKET ANALYSIS 18 unmanned systems inside August/September 2017 Software firms, for example, are getting into hardware and services, he said, "broadening their footprint in the market to capture business." "It's still an immature market," Finnegan explained, "so you need to be nimble and you need to go where the sales are—so that's what they're working on doing." Finnegan added that he was struck this year by the extent to which technological in- novation was becoming focused in the United States and the degree to which venture capital was f lowing to U.S. firms. Overall, 66 percent of the venture capital in- vested in drones from 2012 through May 2017 went to American companies, Teal reported. That "infusion of venture capital is creating an industry of startups in both manufacturing and the services that will be critical to devel- opment of the commercial market." Moreover, over that time period, U.S. firms received 14 times more venture capital than their European counterparts, which has helped inspire a migration of sorts. Firms UAV Average Assessed Costs Consumer UAV ................................................................................................................................................................................ $750 Prosumer UAV* ........................................................................................................................................ $2,000 to $3,000 Mini UAV** .............................................................................................................................................. $30,000 to $50,000 Agricultural Spraying ................................................................................................................................ UAV $100,000 Small/Naval UAV ............................................................................................................. $500,000 to $1,000,000 Tactical UAV ................................................................................................................................................................... $4,000,000 MALE UAV ..................................................................................................................................................................... $16,000,000 Low Cost HALE UAV ............................................................................................................................................ $1,000,000 World Civil UAS Unit Production Forecast by Sector Civil Government Commercial Consumer $0 $2,000 $4,000 $6,000 $8,000 $10,000 $12,000 $ Millions 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 Source: The Teal Group **depending on the specifi c market *depending on the market application mix Commercial/Consumer UAS Forecast ($ Millions) Consumer Energy Construction Agriculture Communications Insurance Gen. Photography/Real Estate $0 $2,000 $4,000 $6,000 $8,000 $10,000 $12,000 $ Millions 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 " THERE IS AGRICULTURE IN THE FORECAST BUT IT'S LESS THAN IT WAS BEFORE." Philip Finnegan, director of corporate analysis, the Teal Group from across the EU are opening offices in the U.S., even moving their headquarters there, to be where the money is and to be able to tap into the f low of technology, These companies are also looking to gain experience in a marketplace that is now moving faster than markets elsewhere, Finnegan said. "It's technology," Finnegan said. "It's fund- ing and it's also a big market and the (Federal Aviation Administration) with Part 107 open- ing up that market." Growth Potential While substantial, the growth rate forecast by Teal is especially interesting for what it didn't cap- Photo courtesy of John Deere. Software firms, for example, are getting into hardware and services, he said, "broadening their footprint in the market to capture business." "It's still an immature market," Finnegan ................................................................................................................................................................................ ................................................................................................................................................................................ $750 ........................................................................................................................................ ........................................................................................................................................ $2,000 to $3,000

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