Northern Sky Research

Game of Drones’ in the ‘Age of Empires’?

Thu 12, Nov 2015

New NSR report finds the Unmanned Aircraft Systems (UAS) Satcom Market reaching $2.9 billion by 2024 & the UAS Earth Imaging Market explosively grows to $543 Million

 

Cambridge, MA–  Released today, NSR’s Unmanned Aircraft Systems (UAS): Satcom & Imaging Markets, 2nd Edition finds satellite communications for, and imagery from, UAS will grow to $3.4 billion in the next decade.  The anticipated market growth is tied to greater Intelligence, Surveillance and Reconnaissance (ISR) needs; an increased government and international organization  demand for UAS-based services supporting their growing need in the areas of homeland security, disaster management, and peace-keeping activities. Included in the NSR Unmanned Aircraft Systems (UAS): Satcom & Imaging Markets, 2nd Edition report is the first commercial small UAS (SUAS) imaging market forecast, which estimates while small at $200 million in 2014, SUAS imaging will experience explosive growth, more than doubling in the next ten years.

To date, the UAS industry has been primarily a government & military market, with ISR applications such as slow motion video in high definition driving Satcom bandwidth demand. And with the U.S. and NATO ramping up their military expenditures in the wake of armed conflicts in Syria and Libya, as well as rising tensions in Eastern Europe and the South China Sea, UAS will continue to play a key role in these turbulent times. Revenue generated from transponder capacity, primarily in FSS Ku-band, is expected to grow steadily at a CAGR of 8.8% for FSS transponders and 38.2% for GEO-HTS in Ku and Ka-bands. Civilian government applications of Medium Altitude Long Endurance (MALE) and High Altitude Long Endurance (HALE) UAS are also expected to grow during the forecast period, but mostly in non-U.S. regions.

“As aspiring economic powers try to bridge the gap with the U.S. in their UAS capabilities and inventory, the result of this race for military dominance will act like a win-win situation for UAS manufacturers and Satcom services providers,” said Prateep Basu, NSR Analyst and report author. “Apart from government applications, commercial UAS imaging applications hold a lot of growth promise, especially in the entertainment industry and public works.  These markets’ need for UAS slowly materializes as the world adopts regulations for safe UAS flights in civilian airspace,” he added.

The trend of using bandwidth-hungry applications such as live, slow-motion videos from UAS is expected to persist, leading to steady demand for Satcom as the world continues to reel with terrorism and military actions by some States, making the Defense & Intelligence vertical market the major revenue generator for the satellite industry in this ‘Game of Drones’.

About the Report

NSR's industry-leading Unmanned Aircraft Systems (UAS): Satcom & Imaging Markets, 2nd Edition report is the first and leading report that looks at the UAS industry’s Satcom demands and revenue potential in significant detail. It offers the first forecasts on the highly competitive commercial UAS imaging market, offering readers with the full spectrum of UAS industry market opportunities through detailed analysis of trends on demand, revenues, and growth. This 2nd edition of the report examines the UAS industry’s environment, its competitive landscape, and updates on future markets such as delivery using UAS and beaming Internet from high- and medium-altitudes.   For additional information on this report, including a full table of contents, list of exhibits and executive summary, please visit www.nsr.com or call NSR at +1-617-674-7743.

 

About NSR

NSR is a leading international market research and consulting firm with a core focus on the satellite sector and related industries. Founded in 2000 and with an experienced group of analysts located in all regions, NSR specializes in analysis of growth opportunities across four core sectors: Satellite Communications, Broadcasting & Digital Media, Hybrid & Emerging Applications and Commercial Space.

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