Abstract
This correspondence addresses the rising demand of unmanned aerial vehicles (UAVs), also referred as drones, for civilian as well as military applications. With the recent advancement in the drone industry, drones are now being manufactured/developed not only as toys but also cater to the unexplored applications with the use of some sophisticated machinery. In view of the increased utilization of drones in diverse professional sectors, the commercial market of UAVs or drones is set to rise exponentially in the coming years. These flying devices can be utilized in impending or pre-existing commercial markets for the fulfillment of underlying objectives (spanning social, economic, and environmental facets) of the businesses. In the present work, we discussed multiple applications of drones in line with the current relevant business landscape, future prospects and opportunities, and also the markets that can be addressed with drone usage in the near future.
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Similar content being viewed by others
References
Hargrave. Remote piloted aerial vehicles: an anthology. http://www.ctie.monash.edu.au/hargrave/rpav_home.html#Beginnings
Keane JF, Carr SS (2013) A brief history of early unmanned aircraft. Johns Hopkins APL Tech Dig 32:558–571
Hassanalian M, Abdelkefi A (2017) Classifications, applications, and design challenges of drones: a review. Prog Aerosp Sci 91:99–131
Wikipedia. Boeing condor. https://en.wikipedia.org/wiki/Boeing_Condor
Kahn JM, Katz RH, Pister KSJ (1999) Next century challenges: mobile networking for “Smart Dust”. In: Proceedings of the 5th annual ACM/IEEE international conference on Mobile computing and networking—MobiCom ’99. ACM Press, pp 271–278. https://doi.org/10.1145/313451.313558
Crilly R (2011) Drones first used in 1848. The Telegraph. https://www.telegraph.co.uk/news/worldnews/northamerica/8586782/Drones-first-used-in-1848.html
Leu C (2015) The secret history of World War II-era drones. Wired. https://www.wired.com/2015/12/the-secret-history-of-world-war-ii-era-drones/
Consortiq (2020) A not-so-short history of unmanned aerial vehicles (UAV). https://consortiq.com/short-history-unmanned-aerial-vehicles-uavs/
NASA (2020) MARS Helicopter
Rodríguez RM, Alarcón F, Rubio DS, Ollero A (2013) Autonomous management of an UAV airfield. In: Proceedings of the 3rd international conference on application and theory of automation in command and control systems. Naples, pp 28–30
IdeaForge. Defence and homeland security. https://www.ideaforge.co.in/drone-uses/defence-government-applications/
Jensen J (2019) Agricultural drones: how drones are revolutionizing agriculture and how to break into this booming market. https://uavcoach.com/agricultural-drones/
Newton M (2017) Top 5 industrial applications for drones. https://blog.opto22.com/optoblog/top-industrial-applications-for-drones
Flynn S (2016) Market for drone applications in media and entertainment industry. https://skytango.com/market-value-of-drone-applications-in-media-entertainment-industry-valued-at-over-8-bn-dollars-says-pwc/
Dronefly. Firefighting drone infographic. https://www.dronefly.com/firefighting-drones-drones-in-the-field-infographic
IdeaForge. Traffic monitoring. https://www.ideaforge.co.in/drone-uses/traffic-monitoring/
PR Newswire (2022) Consumer drones market size to grow by USD 22.26 Billion | 17,000+Technavio research reports. https://www.prnewswire.com/news-releases/consumer-drones-market-size-to-grow-by-usd-22-26-billion--17-000-technavio-research-reports-301504198.html
Pinkerton and FICCI (2017) India risk survey 2017
Pinkerton and FICCI (2019) India risk survey 2019
Business Today (2022) Budget 2022: drone industry gets a big boost. https://www.businesstoday.in/union-budget-2022/news/story/budget-2022-drone-industry-gets-a-big-boost-321063-2022-02-01
Author information
Authors and Affiliations
Corresponding author
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 2023 The Author(s), under exclusive license to Springer Nature Singapore Pte Ltd.
About this paper
Cite this paper
Kapoor, D.S., Singh, K.J., Bansal, R., Thakur, K., Sharma, A. (2023). Future Commercial Prospects of Unmanned Aerial Vehicles (UAVs). In: Kumar, S., Sharma, H., Balachandran, K., Kim, J.H., Bansal, J.C. (eds) Third Congress on Intelligent Systems. CIS 2022. Lecture Notes in Networks and Systems, vol 608. Springer, Singapore. https://doi.org/10.1007/978-981-19-9225-4_7
Download citation
DOI: https://doi.org/10.1007/978-981-19-9225-4_7
Published:
Publisher Name: Springer, Singapore
Print ISBN: 978-981-19-9224-7
Online ISBN: 978-981-19-9225-4
eBook Packages: Intelligent Technologies and RoboticsIntelligent Technologies and Robotics (R0)