Feb 23, 2018   SOURCE: BusinessWire

Global Unmanned Aerial Vehicle (UAV) Market 2018-2025 - CAGR to Grow at 14.15% - ResearchAndMarkets.com

The "Unmanned Aerial Vehicle (UAV) Market by Application, Class, System (UAV Platforms, UAV Payloads, UAV GCS, UAV Data Links, UAV Launch and Recovery Systems), UAV Type, Mode of Operation, Range, Point of Sale, MTOW, and Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.

The UAV market is estimated to be USD 20.71 Billion in 2018 and is projected to reach USD 52.30 Billion by 2025, at a CAGR of 14.15% from 2018 to 2025.

The UAV market has been segmented on the basis of UAV type, application, class, system, mode of operation, range, point of sale, MTOW, and region. Based on range, the UAV market has been classified into Visual Line of Sight (VLOS), Extended Visual Line of Sight (EVLOS), and Beyond Light of Sight (BLOS). The Visual Line of Sight (VLOS) segment of the UAV market is projected to grow at the highest CAGR from 2017 to 2022. This growth can be attributed to the increasing use of VLOS UAVs in commercial and consumer applications.

Market Dynamics

Drivers

  • Increasing Use of UAVs in Commercial Applications
  • Growing Use of UAVs in Various Military Applications
  • Increasing Use of UAVs in Life-Threatening Military Missions
  • Increasing Preference for Modern Warfare Techniques By Defense Forces
  • Increasing Use of UAVs By Defense Forces as Loitering Munition
  • Increasing Use of UAVs to Carry Out Advanced Patrolling of Marine Borders
  • Exemptions Made By the Federal Aviation Administration (FAA) to Allow the Use of UAVs in Several Industries
  • Growing Use of UAVs to Fight Terrorism

Opportunities

  • Increased Deployment of UAVs to Carry Out Aerial Remote Sensing
  • Increased Defense Budgets of Emerging Economies
  • Technological Developments in the Field of Drone Payloads
  • Use of UAVs for Cargo Delivery in Military Operations
  • Use of UAVs in Other Federal Applications

Challenges

  • Lack of Proper Air Traffic Management for UAVs
  • Restrictions Imposed on the Commercial Use of UAVs
  • Possible Threats to the Safety of Masses and Violation of Human Privacy
  • Issues With Political and Social Acceptability of UAVs
  • Lack of Skilled & Trained Personnel for Operating UAVs
  • Issues With Safety and Security of UAVs

Company Profiles

  • 3D Robotics
  • Aeronautics
  • Aerovironment
  • Bae Systems
  • Boeing
  • DJI
  • Elbit
  • General Atomics
  • General Dynamics
  • Israel Aerospace Industries
  • Lockheed Martin
  • Northrop Grumman
  • Parrot
  • Raytheon
  • Saab
  • Textron
  • Thales
  • Turkish Aerospace Industries

For more information about this report visit https://www.researchandmarkets.com/research/thch75/global_unmanned?w=4