Aerospace Industry Today

UAV Market 2017 Receives a Rapid Boost in Economy due to High Emerging Demands by Forecast to 2023

UAV Market by Types (Micro UAV, Mini UAV, MALE and HALE, Tactical UAV), by Applications (Civil / Commercial and Military / Defense), by Payload (EW, EO/IS, Sensor, Radar, CI, SI, INS), and by Geography- Forecast To 2021
Published 18 December 2017

Market Highlights:

A comprehensive research report created through extensive primary research (inputs from industry experts, companies, stakeholders) and secondary research, the report aims to present the analysis of UAV Market by Types (Micro UAV, Mini UAV, MALE and HALE, Tactical UAV), by Applications (Civil / Commercial and Military / Defense), by Payload (EW, EO/IS, Sensor, Radar, CI, SI, INS), and by Geography

The global UAV market is expected to grow at a CAGR of around 11% during 2016-2021. This growth is driven due to significant demand and procurement of UAVs in civil and commercial application. 

As per the MRFR analysis, cost effectiveness is one of the key drivers for global UAV market to acquire and operate in comparison to manned aircraft and helicopters. The challenges associated with the market are the low endurance and stringent regulation associated with civilian and commercial usage of UAVs.

The United States is leading the global UAV market; however the demand has increased from emerging nations such as EMEA and Asia Pacific in relation to growing defense spending to counter national security threat.

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Market Highlights

AeroVironment,

Elbit Systems,

Israel Aerospace Industries (IAI),

Northrop Grumman

Aeronautics Limited,

Aeyron Labs,

Aibotix,

BAE Systems,

DJI, Lockheed Martin and Prox Dynamics.

Access the market data and information presented through over 60 tables and figures spread 80+ pages of the project report. Avail in-depth table of content (TOC) & market synopsis on “Global UAV Market Research Report- Forecast to 2021"

Key Findings

  • In 2015, the market was led by Americas with a share of around 56%, followed by EMEA with 25%, and APAC with 19%.
  • Small unmanned aerial vehicles (UAVs) have become popular on the battlefield for various military missions (such as ISR applications)
  • Demand for UAVs is rapidly increasing from emerging and developing nations to counter national security threat
  • China is a major market for UAVs. It is expected to rise parallel with China’s commitment to growing utilization of unmanned systems, mainly for military applications
  • In the US, FAA is working to draft guidelines and standards for the wide scale civilian or commercial use of UAV

Browse Full Report @ https://www.marketresearchfuture.com/reports/uav-market

Utility Aspects of the Report - UAV Market:

The report includes detailed market analysis of UAV Market encompassing its macro and micro-markets.

It covers market segmentation by type, material and end use.

It helps in identifying region-wise major suppliers and understanding the consumption patterns.

The report will provide useful and premium insights that will support in investments for micro-irrigation system consumption and allied companies providing details on the fast growing segments and regions.

In addition, it will provide key findings that will help the companies to improve profitability by using supply chain strategies, cost effectiveness of various products mentioned in the report.

The data used in the report is primarily based on primary interviews with the major producing companies and industry experts and also supported by authentic industry data from secondary sources.

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

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