Unmanned Aerial Vehicle Market Scope
Unmanned aerial vehicles also called as drones are used as aircraft systems without a human pilot aboard. Military utilities accounted for an important share of the application market. Growing defense spending has triggered the usage of these devices. They are often employed in missions which are unsafe for manned aircraft. UAVs are always used for various commercial purposes such as photo and videography, remote sensing, disaster relief, recreational uses, oil, gas, and mineral exploration, and other purposes, are driving the growth of the market studied.
The market study is being classified by Type (Fixed-Wing UAVs, Multirotor UAVs, Single Rotor UAVs and Hybrid VTOL UAVs), by Application (Military, Civil & Commercial, Homeland Security, Consumer and Others) and major geographies with country level break-up. According to AMA, the Global Unmanned Aerial Vehicle market is expected to see growth rate of 10.0%
Leading global players are focusing on strategic partnerships to improve their products and services. In addition, companies are focusing on increasing their client base to strengthen market position and to enhance product & service offerings. Research Analyst at AMA predicts that United States Manufacturers will contribute to the maximum growth of Global Unmanned Aerial Vehicle market throughout the predicted period.
Atomics (United States), Northrop Grumman (United States), Textron (United States), Boeing (United States), DJI (China), Parrot (France), 3D Robotics (United States), Aeryon Labs (Canada), Aerovironment Inc. (United States) and BAE Systems (United Kingdom) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are Elbit Systems Ltd (Israel), Israel Aerospace Industries Ltd (Israel) and Thales SA (France).
AdvanceMarketAnalytics has segmented the market of Global Unmanned Aerial Vehicle market by Type, Application and Region.
On the basis of geography, the market of Unmanned Aerial Vehicle has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2018. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement. If we see Market by Mode of Operation, the sub-segment i.e. Remotely Operated UAVs will boost the Unmanned Aerial Vehicle market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Class, the sub-segment i.e. Small UAVs will boost the Unmanned Aerial Vehicle market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by MTOW, the sub-segment i.e. <25 Kilograms will boost the Unmanned Aerial Vehicle market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Range, the sub-segment i.e. Visual Line of Sight (VLOS) will boost the Unmanned Aerial Vehicle market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
28 February 2019, the grouping of companies led by Leonardo, in partnership with Telespazio and IDS-Ingegneria Dei Sistemi, subscribed a share capital increase of D-Flight, the company created by ENAV to develop the U-space platform which provides Unmanned Aerial Vehicles, commonly referred to as drones, Traffic Management (UTM) services.
- Rising Utilization in Fight Terrorism
- The emergence of Modern Agriculture Method
- Growing Demand for Military as well as Homeland Security Operations
- Increasing Use of UAVs to Carry Out Advanced Patrolling of Marine Borders
- Augmented Deployment of UAVs to Carry Out Aerial Remote Sensing
- Growing Deployment of UAVs to Carry Out Aerial Remote Sensing
- Restrictions Imposed on the Commercial Use of UAVs
- Growing Concern about Safety and Security of UAVís
- Stringent Government Regulations
Key Target AudienceManufacturers of UAVs, Component Manufacturers of UAVs, System Integrators, Government and Certification Bodies, Government and Private Research Organizations and Others
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