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MarketsandMarkets Unmanned Aerial Vehicle Crystal Ball Event

High growth markets which contribute to 20% of your revenues today will contribute 80% in the next 5 years. Identify these new revenue sources at MarketsandMarkets Crystal Ball Event

The UAV Market is expected to reach USD 58.4 billion by 2026, at a CAGR of 16.4% during the forecast period. The UAV market is growing at a significant rate across the world, and a similar trend is expected to be observed during the forecast period. Increased adoption of UAV in civil and commercial applications, rising demand for UAV in military applications, surged use of UAV in disaster relief operations and improvements in regulatory frameworks related to drone operations are factors which are fuelling the growth of the UAV market.

With the incorporation of new technologies such as artificial intelligence, sense and avoid systems, and cloud computing in UAV, their demand is expected to increase further. The incorporation of artificial intelligence in UAV has not only enhanced their capabilities but has also enabled them to carry out several activities such as takeoff, navigation, data capture, data transmission, and data analysis without human intervention.

 

Prior to the outbreak COVID-19 pandemic, UAVs were widely used by militaries for a variety of missions like border security, while governments and law enforcement agencies used them on an experimental basis. For civil & commercial applications they were being used for the transportation of medical supplies and mostly for aerial photography purposes for the entertainment and news industry. The situation has altered drastically post COVID-19. Due to intermittent lockdowns and imposition of social distancing protocols worldwide, there has been halts in production of UAVs due to shortage of raw materials and staff to carry out manufacturing operation in 2020. In 2021 as well, due to re-emergence of second wave of infections, the UAV production is hindered, and it might need more than six months to get back to pre-Covid 19 production scale or to retain normal functioning of UAV supply chain

What to Expect

Key
Highlights

Conference Agenda

​​​​​​The Focus Of The Event Would Be To Align On The Top 5-10 Revenue Growth Opportunities In Uav Market

90 minutes of brainstorming among 4 great minds which will aim at bringing out a tangible action plan by discussing the question given below:

  • UAVs predominantly are used for military and commercial purposes in most applications. However, will their adoption in last mile delivery industry result in an increase in the market size by 2026?
  • There is emerging evidence of Artificial Intelligence, and cloud computing being involved in UAVs. Will this convergence transform legacy industries to create a disruptive UAV market by 2026?
  • The UAV ecosystem offers segments based on range, namely ELOS, EVLOS and BVLOS. Which segment is expected to dominate the market by 2026?
  • In what respect will the last mile delivery capabilities aided by UAVs drive the competitive advantage? Does the integration of UAVs within the delivery cycle pose a challenge?
  • Will the relaxing of restrictions and improvement in regulatory frameworks pose a threat to the security of a country and its citizens?

Conference Speakers

Confirmed Speakers

Amit Gulhane

Amit Gulhane

Associate Manager, MarketsandMarkets

Eran Kinsbruner

Eran Kinsbruner

Sr. Director Product Marketing, Preforce Software

Raman Sopory

Raman Sopory

Founder & President, Aerospace & Defence Consultants Association of India (ADCAI)

Kelly Brodbeck

Kelly Brodbeck

Product Management Executive, FLIR Systems

Dr Stephan Wolke

Dr Stephan Wolke

Chief Executive Officer, Thyssenkrupp Intellectual Property

View All Speakers
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