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The drone flight management system market size is forecast to increase by USD 14.36 billion at a CAGR of 28.77% between 2023 and 2028.
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD billion" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
Drone Flight Management Systems (FMS) are essential components for operating and commanding unmanned aerial vehicles (UAVs) from the ground. Collins Aerospace, a leading provider in the aerospace industry, offers advanced FMS for various applications, including agriculture, construction, energy, public safety, commercial aviation, and military aviation. These systems enable operators to control fixed-wing drones using a ground controller, which typically includes a joystick and a display for real-time footage. Ground controllers integrate a joystick with a small computer that translates the operator's radio frequency inputs. In defense applications, ground controllers may include an antenna and a more complex control setup for HALE (High-Altitude, Long-Endurance) and MALE (Middle-Altitude, Long-Endurance) drones. The display mounted over the controller allows operators to view footage captured by the drone-mounted camera. Advancements in drone technology have led to the development of software-based control systems, enabling users to operate drones via a smartphone or laptop.
Additionally, these systems offer increased flexibility and convenience, making drone operations more accessible to a broader range of users. Collins Aerospace and other industry leaders continue to invest in research and development to enhance the capabilities of FMS, ensuring their applications remain at the forefront of innovation. In summary, Drone Flight Management Systems are crucial for controlling and managing UAVs from the ground. Collins Aerospace provides advanced FMS solutions for various industries, including agriculture, construction, energy, public safety, commercial aviation, and military aviation. These systems feature a ground controller with a joystick, display, and computer, as well as software-based control options for added flexibility. Continuous innovation in drone technology drives the development of more advanced FMS, making drone operations increasingly efficient and accessible.
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The ground controller segment was valued at USD 2.08 billion in 2018 and showed a gradual increase during the forecast period.
Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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In 2023, the Asia Pacific region held the largest share of The market. China, specifically, was the primary contributor to the market's revenue in this region. China's technological advancements in electronic components have facilitated the production of sophisticated drone equipment. One notable company in this sector is DJI, a leading global provider of commercial drone solutions. The adoption of drones is on the rise in various industries across China, including agriculture, construction, defense, and mining. Flight management systems are crucial components of drone technology, enabling efficient flight control through algorithms, GPS, and waypoint navigation. These systems are increasingly utilized in search and rescue and disaster management applications.
In addition, a battery management system ensures optimal battery usage for extended flight durations. The market is witnessing significant growth due to the increasing demand for drone applications in various sectors. Technological advancements, such as improved GPS and waypoint navigation, are enhancing drone capabilities, making them increasingly indispensable in industries like agriculture, construction, and defense. Furthermore, the integration of search and rescue and disaster management applications is expanding the market's potential. The increasing use of drones in various industries and the integration of advanced technologies are expected to drive market expansion. In conclusion, the market is poised for significant growth due to the increasing adoption of drones in various industries and the integration of advanced technologies. The Asia Pacific region, particularly China, is a significant contributor to the market's growth due to its technological advancements and cost-effective production capabilities.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
An increase in legal acceptance of drone operations for commercial applications is the key driver of the market.
The development of lithium-metal batteries is the upcoming trend in the market.
Lower battery life and low capacity of drones are key challenges affecting the market growth.
The market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market. The market research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market is witnessing significant growth due to the increasing adoption of drones in various industries such as agriculture, construction, energy, public safety, commercial aviation, and military aviation. Collins Aerospace, a leading tech firm in the aircraft industry, is focusing on developing advanced flight management systems for fixed-wing and rotary wing drones. These systems incorporate GPS, waypoint navigation, flight control algorithms, and battery management systems. The market caters to both short-range and long-range drones, with electric propulsion systems gaining popularity due to their eco-friendly nature and cost-effectiveness. Supernal, a tech firm, is working on the Gremlins demonstration system, which aims to launch and recover multiple drones in a single flight.
Additionally, the energy sector is utilizing drones for pipeline inspections, while agriculture is adopting them for crop monitoring and irrigation management. In construction, drones are used for site surveys and progress monitoring. Public safety agencies are employing drones for search and rescue, disaster management, and surveillance. Flight management systems are essential for pilots and crewmembers to navigate aircraft effectively and ensure safe operations. These systems integrate sensors, cyber attack protection, open wifi security, data storage, and control display units. Flight management computers and multi-function displays are key components of these systems, with line fit and retrofit options available for various aircraft types, including narrow-body and wide-body airplanes.
Market Scope |
|
Report Coverage |
Details |
Page number |
151 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 28.77% |
Market growth 2024-2028 |
USD 14.36 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
21.93 |
Key countries |
China, US, Germany, France, and UK |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Component
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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