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Unmanned Aerial Vehicle Market, by Application, Class, SubSystem, Energy Source, Material Type, Payload and Region - Global Forecast to 2022

Unmanned Aerial Vehicle Market: Global Forecast until 2022

  • October 2016
  • 247 pages
  • ID: 4402200
In this report:
The signals intelligence (SIGINT) segment is expected to grow at the highest CAGR of ##.##% from 2016 to 2022, owing to the unique properties of SAR that include compact size, lightweight, low power consumption, and ability to perform real-time imaging.
The small UAV segment of this market is expected to grow from USD ##.## million in 2016 to USD ##.## million by 2022, at the highest CAGR of ##.##% during the forecast period.

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"UAV drones market forecasted to grow at a CAGR (Compound annual growth rate) of ~20.0 percent between 2016 and 2022."

The UAV market has entered the increase phase and is anticipated to grow further in the next years. The industry is anticipated to be worth ~$21.2B in 2022, at a compound annual growth rate (CAGR) of ~20.0 percent between 2016 and 2022. The drivers for this sector are quick technological advancements in drones and the increasing demand for drone-generated data in commercial applications. The main restraint for this industry is social issues including privacy and nuisance concerns.

"Precision agriculture application for commercial drones is forecasted to grow at the maximal rate."

The precision agriculture market for drones is anticipated to rise at the highest CAGR (Compound annual growth rate) during the outlook period. Drones are useful for agricultural planners as they greatly reduce the time and cost required to conduct an accurate survey and offer real-time data collection, high resolution imagery of farmland, and are low cost in comparison with other related techniques.

"Camera component is forecasted to hold the biggest share of the market during the estimate period."

Camera systems are used in UAVs for round-the-clock video monitoring, investigation, remote surveillance, border security, protection of critical infrastructure, thermographic inspection of inaccessible buildings, and firefighting & law enforcement jobs. Camera systems for UAVs contain multispectral camera, thermal camera, LIDAR camera, and high-resolution camera, among others.

"Asia-Pacific is anticipated to be the quickest developing market for UAV drones during the outlook period"

The sector in Asia-Pac is anticipated to grow at the highest compound annual growth rate (CAGR) because the countries in these regions including China, Australia (AU), Japan (JP), and New Zealand (NZ), among others are using drones for precision agriculture, inspection, and surveying on a big scale. Also, the countries in these areas are considering the use of military drones for intelligence, surveillance, and reconnaissance operations.

Key players' distribution profiles::

- By Company category: Tier 1 - 35 %, Tier 2 - 45.0 percent, and Tier 3 - 20.0 percent

- By Designation: C-suite executives - 35.0 percent, Directors - 25.0 percent, and Others - 40.0 percent

- By area: North america (NA) - 45.0 percent, Europe - 20.0 percent, APAC - 30.0 percent, and rest of the world - 5.0 percent

The main players in the UAV drones market contain Lockheed Martin (LMT), Northrop Grumman (NYSE:NOC), Aerovironment, Incorporated, Elbit systems Ltd., Israel Aerospace Industries Ltd., BAE Systems Plc, Thales (EPA:HO), Leonardo SpA, DJI, 3DR, Flir Systems, Incorporated, Precision Hawk, among others.

Segment Research

The study segments the UAV drones market based on type into commercial and military drones. The drones have been broken down on the basis of payload into commercial drones (Up to 25 Kg) and military drones (Up to 150 Kg, Up to 600 Kg, and Above 600 Kg). The market research includes commercial drone applications including law enforcement, precision agriculture, media and entertainment, and inspection, among others. On the basis of components, the document breaks down the UAV drones market into components including camera, battery, propulsion system, sensors, and navigation system, among others. The industry report also forecasts the market value for various parts with regard to four main regions, that is, North America continent, Europe (EU), Asia Pacific (APAC), and RoW.

Why acquiring this study can help you

The analysis would benefit the market top players/new sector entrants in this sector in these ways:

1. This document breaks down the UAV drones market comprehensively and offers the closest approximations of the global market size and those of the subsegments across distinct applications and localities.

2. The market research benefits partners to apprehend the pulse of the sector and offers them information on main market drivers, market restraints, opportunities, and alternatives.

3. This industry report would benefit partners to comprehend their players better and acquire additional insights to improve their rank in the business sector. The competitive outlook section includes competitor landscape, new industry product developments, alliances, and mergers & acquisitions in the UAV drones market.

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