Unmanned Aerial Vehicle (UAV) Market Drivers, Challenges, Trends Analysis and Forecasts

The Global report on “Unmanned Aerial Vehicle (UAV) Market” delivering key insights and providing a competitive advantage to clients through a detailed report. The report also details the information about the global market status, growth rate, future trends, market drivers, challenges, opportunities and porter’s forces analysis with respect to these elements. An exclusive data offered in this report is collected by research and industry experts team.

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“The UAV market is projected to grow at a CAGR of 14.15% during the forecast period.”

The UAV market is projected to grow from USD 20.71 billion in 2018 to USD 52.30 billion by 2025, at a CAGR of 14.15% during the forecast period. Unmanned Aerial Vehicles (UAVs) are remotely piloted aerial vehicles that have significant roles in defense as well as commercial sectors. UAVs are commonly termed as ‘drones’ and increasingly used for border surveillance. They are also used in various commercial applications that include monitoring, surveying and mapping, precision agriculture, aerial remote sensing, and product delivery. Thus, increasing use of UAVs in commercial and military applications is one of the most significant factors projected to drive the growth of the UAV market. The European and Latin American regions are expected to be the new revenue-generating markets for unmanned aerial vehicles. Exemptions made by the Federal Aviation Administration (FAA) to allow the use of UAVs in several industries are also contributing to the growth of the UAV market.

“Based on type, the fixed-wing UAVs segment is estimated to lead the UAV market in 2018.”

Based on type, the fixed-wing UAVs segment is estimated to lead the UAV market in 2018. Fixed-wing UAVs have longer endurance as compared to other UAVs, thereby making them suitable for use in commercial and military applications.

“Based on class, the strategic UAVs segment is estimated to lead the UAV market in 2018”.

Based on class, the strategic UAVs segment is estimated to lead the UAV market in 2018. The growth of the strategic UAVs segment can be attributed to the extensive use of MALE and HALE UAVs by defense forces worldwide to obtain situational awareness for threat evaluation during combat operations.

“Based on application, the military segment is estimated to lead the UAV market in 2018.”

Based on application, the military segment is estimated to lead the UAV market in 2018. The growth of the military segment can be attributed to the increasing use of UAVs in various military applications, such as intelligence, surveillance, and reconnaissance (ISR) and electronic warfare.

“North America is estimated to lead the UAV market in 2018.”

The North American region is estimated to lead the UAV market in 2018. The US and Canada are key countries considered for market analysis in this region. Increase in defense expenditures of the US and Canada and the presence of major UAV manufacturers in North America are key factors contributing to the growth of the UAV market in this region.

Break-up of profiles of primary participants for this report:

  • By Company Type: Tier 1 – 35%, Tier 2 – 45%, and Tier 3 – 20%
  • By Designation: C Level – 35%, Manager Level – 40%, and Director Level – 25%
  • By Region: North America –45%, Europe – 20%, Asia Pacific – 30%, and RoW – 5%

Key players operating in the UAV market include General Atomics (US), Northrop Grumman (US), Textron (US), Boeing (US), DJI (China), Parrot (France), 3D Robotics (US), and Aeryon Labs (Canada).

Research Coverage

This research study covers the segmentation of the UAV market on the basis of UAV type (fixed-wing UAVS, multirotor UAVs, single rotor UAVs, and hybrid VTOL UAVs),class (small UAVs, tactical UAVs, strategic UAVs, and special purpose UAVs),application (military, civil & commercial, homeland security, and consumer), mode of operation (remotely operated UAVs, semi-autonomous UAVs, and fully-autonomous UAVs), range {Visual Line of Sight (VLOS), Extended Visual Line of Sight (EVLOS), and Beyond Line of Sight (BLOS)}, MTOW(<25 kilograms, 25-150 kilograms, and >150 kilograms), point of sale (OEM and aftermarket), and system (UAV platforms, UAV payloads, UAV data links, UAV ground control stations, and UAV launch and recovery systems). These segments and sub segments are mapped across various regions, such as North America, Europe, Asia Pacific, the Middle East, Latin America, and Africa. The report provides in-depth market intelligence regarding key factors such as drivers, opportunities, and industry-specific challenges influencing the growth of the UAV market. It also offers an analysis of micro markets with respect to individual growth trends, prospects, and their contribution to the UAV market.

Reasons to buy the report:

From an insight perspective, the UAV market report focuses on various levels of analyses—industry analysis, market share analysis of top players, and company profiles, which together comprise and discuss basic views on the competitive landscape; high-growth regions and countries and their respective regulatory policies; and drivers, opportunities, and challenges.

The UAV market report provides insights on the following pointers:

  • Market Penetration: Information regarding the competitive landscape of the UAV market
  • Market Sizing: The estimated market size in 2017 and projection of the market from 2018 to 2025
  • Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the UAV market
  • Market Overview: Market dynamics and subsequent analysis of associated trends as well as drivers,  opportunities, and challenges prevailing in the UAV market
  • Market Development: Comprehensive information about lucrative markets– the report analyzes the market for UAVs across various regions
  • Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the UAV market
  • Regional Analysis: Factors influencing market shares of North America, Europe, Asia Pacific, the Middle East, Latin America, and Africa
  • Competitive Assessment: In-depth assessment of strategies, products, and manufacturing capabilities of leading market players

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