Global UAV Market, By UAV Type (UAV Type, TUAV, VTOL, MALE, HALE, Others), By Application (Military,

Published Date: | Report Code : AD1929728

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The UAV market is estimated to register substantial growth during the forecast period owing to increasing demand from various applications during the forecast period. Also, this market has witnessed the number of key developments by major companies operating in the market including new product development, partnerships, contracts, and so on.

Unmanned Aerial Vehicles (UAV) are used as aircraft systems without a human pilot onboard and are also referred to as drones. They are often hired in manned aircraft tasks that are hazardous. Autonomy is provided on the floor or onboard pcs by remote control from an operator. An important portion of the worldwide application market accounted for military applications. Increasing spending on defense has caused the use of these tools.

Growing UAV apps for multiple business reasons, such as remote sensing, photography and videography, petroleum, gas and mineral exploration, disaster relief, recreational uses, and other purposes, drive market growth.

Government initiatives to promote the use of drones for well-being are anticipated to stimulate R&D projects in this industry. In 2014, the UAE government announced an annual UAE drone contest to encourage beneficial applications in technology.

UAVs are now widely used in ISR tasks, target recognition, and electronic warfare performance. Throughout the globe, defense ministries are investing in this capacity to decrease troop deaths and as they are a less expensive option to manned aircraft.

Segment Analysis:

Significant growth is anticipated in the military and commercial segments. Increasing defense budgets and increasing tensions between Asia-Pacific and Middle East nations are anticipated to drive market growth for UAVs in the military sector, as the use of UAVs decreases the risk of loss of human life. Whereas the reason for the development of the commercial segment of the UAV industry is the rise in demand from multiple civil and commercial applications.

Key Factors Impacting Market Growth:

  • Growing use of UAVs in the fight against terrorism

  • Increased Emerging Economy Defense Budgets

  • Enhanced use of UAVs for remote sensing in the air

  • A lack of proper management of air traffic for UAVs

Regional Analysis:

By region, the UAV market has been segmented by North America, Western Europe, Eastern Europe, Asia Pacific, Middle East, and Rest of the World. North America and Western Europe have been dominant players in this market with the presence of major companies along with strong aerospace & defense infrastructure in the region. In addition to this, some of the major countries in this region such as the US, France, UK, Canada, and others have been global exporters of aerospace & defense technologies with established research & development centers. The Asia Pacific region is estimated to register fastest growing owing to the presence of some of the major economies including China, India, South Korea, and others in the region. These countries have witnessed strong government spending on defense infrastructure along with the promotion of air transport and space research in recent decades. The Middle East region is estimated to be a potential region for the UAV market during the forecast period. Eastern Europe consisting of Russia and Turkey is estimated to have a stable demand during the forecast period. The rest of the World is expected to be an emerging market with growing demand during the forecast period.

Companies Covered: AeroVironment, Inc., Airbus S.A.S, BAE Systems, CybAero AB, Elbit Systems Ltd, General Atomics Aeronautical Systems, Inc., Israel Aerospace Industries Ltd., Lockheed Martin Corporation, Northrop Grumman Corporation, Parrot Drones S.A.S, Saab Group, SZ DJI Technology Co. Ltd., Textron, Thales Group, and The Boeing Company

Market Segmentation:

By UVA Type:

  • UAV Type

  • TUAV

  • VTOL

  • MALE

  • HALE

  • Others

By Application:

  • Military

  • Civil

  • Commercial

By Region:

  • North America

    • By Country (US, Canada, Mexico)

    • By UVA Type

    • By Application

  • Western Europe:

    • By Country (Germany, UK, France, Spain, Italy, Rest of Western Europe)

    • By UVA Type

    • By Application

  • Eastern Europe:

    • By Country (Russia, Turkey, Rest of Eastern Europe)

    • By UVA Type

    • By Application

  • Asia Pacific

    • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)

    • By UVA Type

    • By Application

  • Middle East:

    • By Country (UAE, Qatar, Iran, Saudi Arabia, Rest of Middle East)

    • By UVA Type

    • By Application

  • Rest of the World

    • By Region (Latin America, Brazil, Rest of the World)

    • By UVA Type

    • By Application

Reasons To Buy This Report:

  • Market size estimation of the UVA market on a regional and global basis

  • Unique research design for market size estimation and forecast

  • Profiling of major companies operating in the market with key developments

  • Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:

We provide customization of the study to meet specific requirements:

  • By Segment

  • By Sub-segment

  • By Region/Country

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