Global Critical Incident Monitoring UAV Market 2018-2022
About Critical Incident Monitoring UAV
The current report focusses on UAVs used for monitoring of critical incidents such as terrorist attacks, accidents, fire, medical emergency, road blockage, natural disasters, rescue fighting, theft, murder, hazardous material incidents, infectious diseases, and others.
Technavio’s analysts forecast the global critical incident monitoring UAV market to grow at a CAGR of 17.09% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global critical incident monitoring UAV market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Critical Incident Monitoring UAV Market 2018-2022
Technavio recognizes the following companies as the key players in the global critical incident monitoring UAV market: AeroVironment, Aeryon Labs, DJI, Lockheed Martin, and Parrot.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is improvement in photogrammetry and thermal imaging. The forecast period will see improvement in market penetration, as more end-users are expected to invest in UAVs to capitalize on capabilities such as photogrammetry. It enables users to extract information about the environment by overlapping imagery, allowing users to see images from two perspectives. The forecast period will also see developments in software and hardware advances that make photogrammetry easy.”
According to the report, one driver in the market is benefits offered by UAVs for public safety applications. Over the years, there has been an increase in the adoption of UAVs for critical incident monitoring, to reach areas that are not accessible by human personnel or pose a threat to their life. UAVs are ideal for high-risk or remote emergency situations to assist first response teams in helping victims more efficiently. It is expected that there will be an increase in the demand for critical incident monitoring UAVs by law enforcement agencies of cities, towns, and municipalities that are facing hurdles such as strained budgets and scarcity of resources like first response equipment and personnel.
Further, the report states that one challenge in the market is government regulations regarding UAVs. The companies in the global critical incident monitoring UAV market have been facing regulatory hurdles since their introduction in the market. With awareness and adoption of UAVs, governments are updating the regulations regarding their use. This is expected to be a major challenge for the market as vendors in countries with more stringent laws will see less adoption of critical incident monitoring UAVs. The laws usually relate to the requirement of specific certifications, qualifications, or modifications in design, which are expected to have an unfavorable impact on the financial performance and market position of companies.
AeroVironment, Aeryon Labs, DJI, Lockheed Martin, and Parrot.
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