Press Release

Increasing Military and Commercial Applications to drive Global Unmanned Aerial Vehicle Market

Growing technological advancements, growing demand in commercial applications of UAV’s and increasing use for remote sensing, to drive the Global Unmanned Aerial Vehicle Market through 2022

According to TechSci Research report, Global Unmanned Aerial Vehicle Market, By Class (Small UAV, Tactical UAV, Strategic UAV, etc.), By Application (Military Application, Civil & Commercial & Homeland Security), By Energy Source (Lithium-Ion Battery, Hybrid Cell, Solar Cell, Hydrogen, etc.), By Sub-System (GCS, Data Link & Software), By Company & By Geography, Forecast & Opportunities, 2012-2022’’, the Global Unmanned Aerial Vehicle market is projected to post stable growth at a CAGR of over 13%, during the forecast period, owing to the rising demand for UAVs for commercial applications like photography and increasing defence resources of developing economies. Additionally, increasing government investments in R&D programs to increase the use of small UAVs in numerous applications will ensure robust growth of the market.

Moreover, the growing preference for using the most advanced warfare techniques by defence forces coupled with the increasing use of UAVs for patrolling of marine borders are expected to drive the growth of the Global Unmanned Aerial Vehicle market during forecast period. Further, commercial application of UAVs like aerial remote sensing, precision agriculture, monitoring, product delivery and surveying and mapping will ensure robust growth of the market during the forecast period.

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Based on the class, the Global Unmanned Aerial Vehicle market is segmented into Small UAV, Tactical UAV, Strategic UAV and Special Purpose UAV. The Small UAV segment is expected to grow at the highest CAGR during the forecast period owing to the rising demand for small UAVs for military applications like surveillance, aerial remote sensing. Moreover, increasing adoption of Small UAVs for commercial purposes like geographical mapping of inaccessible terrain and locations, aerial photography, supplying relief materials for disaster management, and building safety inspections are likely to drive the growth of the market in the next five years.

The Boeing Company, General Atomics Aeronautical Systems, Inc., Elbit Systems Ltd., Aerovironment, Inc., Lockheed Martin Corporation, etc, are major companies operating in Unmanned Aerial Vehicle, globally.

North America lead the Unmanned Aerial Vehicle market in 2016 owing to the growing adoption of AUVs in the military & defense segment in the United States, coupled with the increasing government investments in research activities. Government initiatives such as exemptions provided by the Federal Aviation Administration (FAA) to allow the use of UAVs in several industries, ensure robust growth o the market. Asia-Pacific is expected to grow at the highest rate during the forecast period due to increasing cross-border conflicts and increased defense spending.


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“The use of Artificial Intelligence in UAVs, Multi-Sensor Data Fusion and Development of Superior Computing Technologies are likely to drive the growth of the for Global Unmanned Aerial Vehicle Market in the coming years. Moreover, increasing adoption of UAVs for express shipping and product delivery is expected to boost Unmanned Aerial Vehicle market through 2022.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

Global Unmanned Aerial Vehicle Market, By Class (Small UAV, Tactical UAV, Strategic UAV, etc.), By Application (Military Application, Civil & Commercial & Homeland Security), By Energy Source (Lithium-Ion Battery, Hybrid Cell, Solar Cell, Hydrogen, etc.), By Sub-System (GCS, Data Link & Software), By Company & By Geography, Forecast & Opportunities, 2012-2022” has evaluated the future growth potential of Global Unmanned Aerial Vehicle market and provides statistics and information on market size, structure and future market growth. The report offers decision makers superior market intelligence, thereby enabling them conduct thorough investment appraisal. Besides, the report also analyzes the evolving market inclinations along with indispensable drivers, challenges and opportunities in Global Unmanned Aerial Vehicle Market.

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