Asia Pacific small UAV market is second largest, only after the North American Market, with China being at the top, followed by India. There has been an increase in demand of UAV in the recent times from both commercial and military sectors.
The demand of UAVs has increased manifold in the recent years, and the trend is anticipated to continue in the next few years, owing to their cost-saving advantage across commercial applications. The rise in their demand across the developing nations and new emerging applications are expected to open several new opportunities for the UAV market in the forecasted years.
The Asia Pacific is home to a lot of geopolitical tensions among the countries. With the economy growing, the military budget in these countries is rising too. In 2013, China was second on the list of the biggest military spenders. India is on a buying spree for military hardware. There is a lot of regional disturbance between the countries, and also inside the countries. So the demand for small UAV is anticipated to increase to protect both the inside and outside borders of the country. In addition, the region, also, has a huge coastline and small UAV provide vital intelligence to prevent piracy in the region. With the increase of political tensions between many Asiatic countries, like India, Pakistan. China, Japan, North Korea the demand for these UAVs is anticipated see a good rise of numbers, as they provide a flexible way to attack and observe the enemy from any geographical areas without getting tracked. These UAV operate in their own RADAR thus increasing their efficiency.
The usage of small UAV has broadened now to various fields apart from the military applications. It is being used for disaster relief operations, agriculture, anti-piracy operations, border patrolling, and movie or marriage shooting and logistics. The market is expected to witness high growth over the period of 2018-2023, as the Asia-Pacific region has shown a trend to adopt technology more easily compared to other regions. However, the market growth of small UAVs is poised to be defined on how the countries define policies, which reduce the market barriers and ease the way for the commercial drone industry to operate at varying degrees of autonomy. Amazon, in 2016, came with a proposal to deliver the goods (logistics) through small UAV/Drones, their program is called as Amazon Prime Air, which is yet to take its wings all over the world.
Commercializing of UAVs will help society in many ways, however they also pose a potential threat to an individual’s liberty and autonomy and privacy. In addition, they also carry a huge risk of crashes, around 400 large U.S. military drones have crashed since 2001, and more than 450 of the British Black Hornets (Nano Drone, used by British infantrymen in Afghanistan) since their inception. Though small commercial drones aren’t capable of causing a serious disaster, these drones still can cause serious injuries. The market of small UAV and its application is still naïve and is restricted to the defense sector in many countries. Its commercialized usage in other domains will be related to the adoption of technology and affordability, by the people of a particular geography.
Key Developments: Lockheed Martin has unveiled a small UAV that was used by the Skunk Works to investigate the stability and control of a stealthy, arrow-shaped design
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