The State and Manifestations of the Dynamism of the Nascent Global Industry of UAV
Danko A. T.

Danko, Andrii T. (2024) “The State and Manifestations of the Dynamism of the Nascent Global Industry of UAV.” The Problems of Economy 3:5–14.
https://doi.org/10.32983/2222-0712-2024-3-5-14

Section: World economy and international relations

UDC 65.011.4:629.735

Abstract:
Nascent industries are attracting the attention of researchers due to their innovative potential and ability to shape new markets and transform business models. However, these industries are characterized by high uncertainty and a rapid pace of technological change, which poses significant challenges for businesses. The unmanned aerial vehicle (UAV) industry is a prime example of such a dynamic industry that is growing rapidly, but faces the challenges of chaotic market formation and regulatory uncertainty. The aim of this study is to analyze the manifestations of the dynamism of the UAV industry, in particular, to identify the key factors influencing rapid changes in this industry and their impact on companies’ strategies. The carried out analysis of different approaches to the classification of UAVs revealed a large number of different features, such as type, weight, size, flight distance, etc., which indicates the lack of uniform standards and complicates the process of developing and promoting UAVs on the market. A wide range of UAV applications are analyzed, including logistics, agriculture, public safety, sensing, recreation, and military operations. The multifunctionality of UAVs highlights the uncertainty about major market segments, which creates additional challenges for enterprises in selecting target markets and developing specialized products. The current state of UAV regulation in the world is also considered, which is characterized by terminological confusion (between UAV, UAS, RPA, drone) and the presence of numerous international and national standards, which complicates global market harmonization. The results of the study indicate that the lack of uniform standards and classifications, as well as the variety of characteristics and areas of application, indicate a high uncertainty of the product and the industry as a whole. These factors pose significant challenges for companies to define market strategies, position products, and ensure regulatory compliance, which directly impacts their competitiveness and growth opportunities. Thus, the UAV industry demonstrates manifestations of dynamism and uncertainty typical of nascent industries. This highlights the importance of further analysis and study of the industry to develop effective strategies that take into account the specifics of the market and contribute to the successful consolidation of companies in this dynamic area.

Keywords: UAV, Unmanned Aerial Vehicle, nascent industry, industry analysis, technological change, innovation.

Tabl.: 5. Bibl.: 82.

Danko Andrii T. – Postgraduate Student, Research Centre for Industrial Problems of Development of NAS of Ukraine (2 floor 1-a Inzhenernyi Ln., Kharkіv, 61166, Ukraine)
Email: Andriidanko11@gmail.com

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