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According to Market Research Future (MRFR)’s assessment, the global unmanned aerial vehicle (UAV) market is expected to strike a CAGR of 20% during the forecast period 2018 to 2023. UAVs have developed numerous commercial and industrial applications in the last few years. key players are likely to focus on the development of industry-based UAVs for industrial applications. These are widely preferred over manual counterparts for inspection. This, in turn, is projected to lead the growth of the global unmanned aerial vehicle (UAV) market in the upcoming years.Key Players:
Some of the key players operating in the unmanned aerial vehicle (UAV) market are PrecisionHawk (US), Airbus (France), Boeing (US), Lockheed Martin (US), Northrop Grumman Corporation (US), General Atomics (US), Textron Inc. (US), AeroVironment, Inc. (US), DJI (China), Thales Group (France), Parrot Drones SAS (France), and 3D Robotics, Inc (US)
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The technological advancements in applications such as detection of blade defects of a wind turbine and edge erosion among others is anticipated to expedite the expansion of the global unmanned aerial vehicle (UAV) market over the next couple of years. these vehicles are also largely adopted by the defense sector around the world. It has opened new avenues of growth opportunities for the development of the global unmanned aerial vehicle (UAV) market in the foreseeable future. On the contrary, threats related to cyberattacks are expected to check the expansion of the market through the assessment period.
Market Segmentation:
Based on type, the global unmanned aerial vehicle (UAV) market has been segmented into fixed wing and multi rotor.
Based on application, the unmanned aerial vehicle (UAV) market has been segmented into military and commercial. The military segment has been further sub-segmented into surveillance, emergency communications, combat operations, search & rescue, and others. Again, the commercial segment has been sub-segmented into agriculture, construction, oil & gas, mining, logistics, aviation, telecom, and others. The military segment currently holds the maximum share of the market. Meanwhile, the commercial segment is likely to witness accelerated activities and increased revenue generation over the review period.
By component, the global unmanned aerial vehicle (UAV) market has been segmented into payload, airframe, guidance navigation & control, and propulsion system. Among these, the airframe segment is anticipated to dominate the global market across the forecast period.
Regional Analysis:
The global unmanned aerial vehicle (UAV) market, by region, has been segmented into North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America. North America currently dominates the global market and is poised to retain its prominence through the forecast period. the region is a pioneer in technological innovations and houses the major global players which is expected to drive the expansion of the global unmanned aerial vehicle (UAV) market in the forthcoming years. The U.S. is a vital country-level market owing to the large-scale deployment of UAVs for both commercial and military purposes.
Table of Content:
1 Executive Summary
2 Scope of the Report
2.1. Market Definition
2.2. Scope of The Study
2.3. Market Structure
2.4. Key Takeaways
2.5. Key Buying Criteria
3 Research Methodology
3.1. Research Process
3.2. Primary Research
3.3. Secondary Research
3.4. Market Size Estimation
3.5. Forecast Model
3.6. List of Assumptions
Continued. . .
List of Tables:
Table 1 Global Unmanned Aerial Vehicle Market, By Region, 2018–2023
Table 2 North America: Unmanned Aerial Vehicle Market, By Country, 2018–2023
Table 3 Europe: Unmanned Aerial Vehicle Market, By Country, 2018–2023
Table 4 Asia-Pacific: Unmanned Aerial Vehicle Market, By Country, 2018–2023
Table 5 Middle East & Africa: Unmanned Aerial Vehicle Market, By Country, 2018–2023
Table 6 Latin America: Unmanned Aerial Vehicle Market, By Country, 2018–2023
Table 7 Global Unmanned Aerial Vehicle Market, By Type, 2018–2023
Table 8 North America: Unmanned Aerial Vehicle Market, By Type, 2018–2023
Table 9 Europe: Unmanned Aerial Vehicle Market, By Type, 2018–2023
Table 10 Asia-Pacific: Unmanned Aerial Vehicle Market, By Type, 2018–2023
Continued. . .
List of Figures:
FIGURE 1 Research Process Of MRFR
FIGURE 2 Top-Down & Bottom-Up Approaches
FIGURE 3 Market Dynamics
FIGURE 4 Impact Analysis: Market Drivers
FIGURE 5 Impact Analysis: Market Restraints
FIGURE 6 Porter's Five Forces Analysis
FIGURE 7 Supply Chain Analysis
FIGURE 8 Global Unmanned Aerial Vehicle Market Share, By Type, 2017 (%)
FIGURE 9 Global Unmanned Aerial Vehicle Market, By Type, 2018–2023 (USD Million)
FIGURE 10 Global Unmanned Aerial Vehicle Market Share, By Application, 2017 (%)
Continued. . .
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