Apr 4, 2018   SOURCE: BusinessWire

Global Unmanned Aerial Vehicle (UAV) Market Research Report 2018: Insights, Opportunity Analysis, Market Shares and Forecast, 2017-2023 - ResearchAndMarkets.com

The "Global Unmanned Aerial Vehicle (UAV) Market Research Report, Insights, Opportunity Analysis, Market Shares and Forecast, 2017 - 2023" report has been added to ResearchAndMarkets.com's offering.

Global Unmanned Aerial Vehicle (UAV) market is expected to grow at a CAGR of 13.51 % during the forecast period 2016-2023.

Global Unmanned Aerial Vehicle (UAV) market is mainly driven by increasing demand for UAVs in commercial applications and enhanced capabilities of UAVs to fight terrorism. However, regulatory policies & procedural issues acts as a major restraint for the global Unmanned Aerial Vehicle (UAV) market.

Geographically, North America holds the largest market share in the Unmanned Aerial Vehicle (UAV) market due to increased application in military, home security and commercial areas. Furthermore, Asia Pacific is expected to grow with the highest growth rate owing to the growing trend of globalization & automation and instability due to internal political tensions. Furthermore, the ongoing tensions among the countries over the Doklam and South China Sea along with the growing concerns of security and terrorism are projected to boost the demand of drones (UAVs) especially in military applications in this region.

Scope of the Report

  • The global Unmanned Aerial Vehicle (UAV) market is segmented on the basis of application, class, subsystem and material-type.
  • Based on application segment the market is classified into military, civil & commercial and homeland security of which military segment is anticipated to dominate the market since UAVs have the potential to reduce collateral damage while identifying, hovering and striking targets which ends up making it as invaluable asset for the military.
  • On the basis of end-user segment the market is classified into tactical UAV, small UAV, strategic UAV and special purpose UAV of which small UAV segment is projected to grow at the highest CAGR due to its dynamic capabilities of small UAVs in commercial applications and to execute a lethal force on the battlefield.
  • The class segment of the unmanned aerial vehicles includes small UAV, tactical UAV, strategic UAV and special Purpose UAV.

The Unmanned Aerial Vehicle (UAV) market is also led by the presence of major players such as Northrop Grumman (U.S.), Textron Inc (U.S.), IAI Ltd (Israel), Lockheed Martin Corporation (U.S.), The Boeing Company (U.S.), AeroVironment Inc (U.S.), Parrot S.A (France), SZ DJI Technology Co Ltd (China) and others. Product launches, mergers & acquisitions etc. are some crucial strategies adopted by the major players to gain competitive advantage.

For Instance: On September 2017, Northrop Grumman has acquired Orbital ATK for approx. $ 9.2 billion which helps the company to expand its global presence so as to capture the market share. This acquisition would help the company to expand capabilities and greater competition in critical global security domains.

Key Topics Covered:

1. Introduction

2. Market Overview

3. Market Determinants

4. Market Segmentation

5. Competitive Landscape

6. Geographic Analysis

7. Company Profiles

  • 3D Robotics Inc (U.S)
  • Aeronautics Ltd (Israel)
  • Aerovironment Inc (U.S)
  • Bae Systems (United Kingdom)
  • Elbit Systems Ltd (Israel)
  • General Atomics Aeronautical Systems Inc (Ga-Asi) (U.S)
  • Israel Aerospace Industries Ltd (Israel)
  • Lockheed Martin Corporation (U.S)
  • Northrop Grumman Corporation (U.S)
  • Parrot Sa (France)
  • Saab Ab (Sweden)
  • Sz Dji Technology Co Ltd (China)
  • Textron Inc. (U.S)
  • Thales Group (France)
  • The Boeing Company (U.S)

For more information about this report visit https://www.researchandmarkets.com/research/bh6nj7/global_unmanned?w=4