February 18, 2021
According to a research report titled ‘Japan Unmanned Aerial Vehicle (UAV) market Analysis, 2020’, available with Market Study Report LLC, Japan unmanned aerial vehicle (UAV) market is expected to generate lucrative returns by the year 2025.
The report cites that swift adoption of drones in construction, logistics, transportation, and agriculture is responsible for the accelerated growth of Japan unmanned aerial vehicle market. The government’s decision to permit UAVs in populated zones, the launch of Japan Coast Guard plan which aims to deploy locally manufactured drones instead of using those of Chinese origin, along with incorporation of UAVs for patrolling are also boosting industry revenue.
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Moreover, the Japanese government has promised to invest extensively to promote local manufacturing of drones, which along with decision to provide firefighters with drones will further boost Japan unmanned aerial vehicle market growth.
Applications of unmanned aerial vehicles (UAVs) are in construction, disaster management, inspection & monitoring, maintenance & repair, surveying & mapping, product delivery, and aerial imaging verticals. In 2019, aerial imaging segment dominated the market landscape. However, the applications like surveying & mapping, and maintenance & repair are poised to gather steam in the forecast period due to the increasing demand from construction sector.
Based on size, Japan unmanned aerial vehicle (UAV) industry is categorized into small drones, medium sized drones, and large sized drones. The demand for small drones is set to rise over the forecasted period owing to booming e-commerce industry, along with extensive usage of product for security applications.
Speaking of component terrain, the industry is arrayed into hardware, and software. The hardware segment generated significant revenues for Japan unmanned aerial vehicle market in 2019 and is expected to display similar growth trends over the analysis timeframe, due to increasing demand for locally manufactured drones.
By operation, Japan unmanned aerial vehicle marketplace is classified into remote controlled, semi-autonomous, and fully autonomous. Besides, by type, the industry is classified into fixed wing, fixed wing hybrid, single rotor, and multi-rotor (bicopter, tricopter, quadcopter, and octocopter).
On the basis of energy source, the industry is divided into fuel cell, hybrid, solar, and battery. The end user scope of the unmanned aerial vehicle market in Japan is defined by segments such as media & entertainment, military & defense, utilities, retail & food, logistics & transportation, agriculture, and mining & construction among others.
On the regional front, provinces like Hokkaido, Kanto, Chubu, and Tohoku and others are contributing substantially to Japan unmanned aerial vehicle (UAV) market remuneration.
The market is largely fragmented due to massive number of companies entering the competitive landscape, and strategic alliances in the form of partnerships and mergers are commonplace in the business sphere. Key contenders in Japan unmanned aerial vehicle (UAV) industry are The Boeing Company, BAE Systems plc, senseFly, Inc., SZ DJI Technology Co. Ltd., Elbit Systems Ltd., AAI Corporation, PrecisionHawk, ASHFLOYD LLC, Aeryon Labs, Inc., and AeroVironment, Inc.