The global UAV market is forecast to grow through to 2025. The rate of growth will differ from region to region but Europe will see the strongest growth. North America will remain the largest regional market as the US's involvement in global peacekeeping missions spurs demand. The need for many developing nations to modernize their forces will mean that all regions see growth. —
Features and benefits of UAV Market:
• Learn about the size of the global UAV market.
• Understand the future direction of the global UAV market and the factors driving it.
• Assess the key market trends and developments.
• Analyze the changes facing the market and its players.
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A perceived increase in both internal and external security threats is forcing countries across all regions to invest in protection and UAVs are a key feature as they look for solutions that offer both combat and information gathering benefits. Demand has been increased by a growing number of territorial disputes.
UCAVs (unmanned combat air vehicles) are becoming an increasing area of focus for R&D efforts and solar-powered UAVs are also a key developing trend with recent successes demonstrating that they are a very realistic and efficient alternative to fuel-powered aircraft. There is a noticeable shift towards mini, micro and nano UAVs.
The market faces a number of challenges. High accident rates continue to impede the industry and the presence of international associations often hinders export efforts. The growing popularity of UAVs puts pressure on the miniaturization of subsystems such as radars, EO/IR systems and Electronic Warfare systems.
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Your key questions answered
• How big is the global UAV market?
• How is the market expected to grow and what is driving growth in the market?
• What are the notable trends in the global UAV market?
• What challenges do market players face?
Table of Contents
UAV Market Growing, Europe Provides Most Impetus, North America The Largest Market
Global UAV market estimated to cumulatively hit $115.7 billion during forecast period
North America largest market, Europe fastest growing
Growth in other regions due to force modernization, increased unrest and low troop numbers
Need For Advanced Defense Systems, Increased Threats & Territorial Disputes Spur Growth
Increased internal and external security threats drive demand
Territorial disputes to increase global demand for UAVs for border monitoring
Need for advanced defense systems creates opportunities
Key Trends: Ucavs, Solar Powered Aircraft, New Vehicle Types And Consolidation
UCAVs key category for research & development expenditure
Demand for solar-powered UAVs is forecast to increase
Shift from procurement of conventional to Mini, Micro and nano UAVs
Increased consolidation through partnerships and JVs
Key Challenges: Accident Rates, Restricted Exports and Miniaturization
High accident rates impede the global UAV industry
International associations restrict exports
Miniaturization becoming major challenge for the industry
Advancements in UAV technology and changes in warfare drive growth, but challenges remain
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Release ID: 144683