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UAV Market Global Size, Share, Industry Growth Analysis, Segmentation Overview and Forecast till 2026

The global UAV market is expected to gain impetus from an increasing procurement of military UAVs by defense forces across the world. This information is published in a report by Fortune Business Insights, titled, “Unmanned Aerial Vehicle (UAV) Market Size, Share & Industry Analysis, By Application (Military, Commercial & Civil, Homeland Security, Consumers), By System (Airframe, Payload, Avionics, Propulsion), By Technology (Remotely Operated, Semi-Autonomous, Fully-Autonomous), By Class (Small UAVs, Tactical UAVs, Strategic UAVs, Special Purpose UAVs), By Type (Fixed-Wing UAVs, Multirotor UAVs, Single Rotor UAVs, Hybrid CTOL UAVs), MTOW, Range, and Regional Forecast, 2015-2026.”

 

list of key companies mentioned in UAV Market report:

  • 3D Robotics
  • AeroVironment
  • AguaDrone
  • Airbus
  • Autel Robotics
  • Boeing
  • DJI
  • EHang
  • General Atomics
  • Northrop Grumman
  • Parrot
  • Textron
  • Yuneec International Co. Ltd.
  • Kespry
  • Insitu
  • Lockheed Martin Corporation
  • Delair
  • CyPhy
  • Dragonfly Innovations, Inc.
  • Action Drone
  • Hubsan

As per the report, the market is projected to reach USD 15.82 Billion by 2026, thereby exhibiting a CAGR of 12.24%. However, the UAV market size was valued at USD 3.82 Billion in 2015.

The report offers recommendations on robust strategies and guidelines for companies to enhance their positions in the market. Our team of highly skilled analysists have conducted extensive primary and secondary research to gather information for this report.

The global military UAV market is dominated by companies based in the United States and Israel. By sale numbers, The US held over 60% military-market share in 2017. Four of top five military UAV manufactures are American including General Atomics, Lockheed Martin, Northrop Grumman and Boeing, followed by the Chinese company CASC.Israel companies mainly focus on small surveillance UAV system and by quantity of drones, Israel exported 60.7% (2014) of UAV on the market while the United States export 23.9% (2014); top importers of military UAV are The United Kingdom (33.9%) and India (13.2%). United States alone operated over 9,000 military UAVs in 2014. General Atomics is the dominant manufacturer with the Global Hawk and Predator/Mariner systems product-line.

Therefore, the data provided is trustworthy and highly accurate. It further offers several insights, namely, the UAV market trends, growth drivers, hindrances, competitive landscape, key players, and challenges.

By Application

  • Military
  • Commercial & Civil
  • Recreational

By System

  • UAV Airframe
  • UAV Payloads
  • UAV Avionics
  • UAV Propulsion
  • UAV Software

By Technology

  • Remotely Operated
  • Semi-Autonomous
  • Fully-Autonomous

By Class

  • Small UAVs
  • Tactical UAVs
  • Strategic UAVs

By Geography

Semi & Fully Autonomous Technology to Grow Rapidly Owing to Advancements

In terms of technology, the UAV market is categorized into semi-autonomous, remotely operated, and fully-autonomous. Amongst these, the remotely operated technology holds the highest UAV market share at present. It is because remotely operated drones are used beyond the visual line of sight to perform numerous operations. Additionally, those drones are capable of emergency handover between control channels as well as emergency landing.

The semi-autonomous and fully-autonomous technologies are anticipated to exhibit astonishingly high CAGRs during the forthcoming years. The demand for semi-autonomous technology will rise due to the emergence of new application areas. Fully-autonomous technology, on the other hand, will showcase high demand due to its innovative features, namely, waypoint flight and stability enhancement.

Requirement of UAVs for Marine & Border Surveillance Activities to Favor Growth in North America

The UAV market is geographically divided into Asia Pacific, Europe, North America, the Middle East and Africa, and Latin America. Out of these regions, North America is projected to lead the market during the forecast period. It is likely to occur due to a rise in the adoption of UAVs for border and marine surveillance activities.

Get Sample PDF >>>https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/unmanned-aerial-vehicle-uav-market-101603

This Research Report Provides Features Like;

  • Discover regional market opportunities and trends
  • Identify emerging market demand & dynamics
  • Market intelligence with quality and accuracy
  • Deliverable formats like PDF, PPT, cloud, etc
  • Benchmark against competitors & global industry
  • Explore competitive strategy & market share

Major Table of Contents:

  • Introduction
    • Research Scope
    • Market Segmentation
    • Research Methodology
    • Definitions and Assumptions
  • Executive Summary
  • Market Dynamics
    • Market Drivers
    • Market Restraints
    • Market Opportunities
  • Key Insights
    • Key Industry Developments – Key Contracts & Agreements, Mergers, Acquisitions and Partnerships
    • Latest technological Advancements
    • Porters Five Forces Analysis
    • Value Chain Analysis
  • Global UAV Market Analysis, Insights and Forecast, 2015-2026
    • Key Findings / Summary
    • Market Analysis, Insights and Forecast – By Application
      • Military
      • Commercial & Civil
      • Recreational
    • Market Analysis, Insights and Forecast – By System
      • UAV Airframe
      • UAV Payloads
      • UAV Avionics
      • UAV Propulsion
      • UAV Software
    • Market Analysis, Insights and Forecast – By Technology
      • Remotely Operated
      • Semi-Autonomous
      • Fully-Autonomous
    • Market Analysis, Insights and Forecast – By Class
      • Small UAVs
      • Tactical UAVs
      • Strategic UAVs
    • Market Analysis, Insights and Forecast – By Country
      • North America
      • Europe
      • Asia pacific
      • Latin America
      • Middle East & Africa

TOC Continued….!

Also, an increasing usage of commercial drones for engineering projects, personal use, security purposes, and agricultural applications in countries, such as Canada and the U.S. are expected to contribute to UAV market growth in this region. Moreover, the presence of several renowned UAV market players, namely, Aeryon Labs, Textron, 3D Robotics, and General Atomics would fuel growth.

Northrop Bags a Contract from the U.S. Navy and ADF for Supplying MQ-4C Triton UAV

Northrop Grumman Corporation, an aerospace and defense technology company, headquartered in Virginia, announced that it has successfully bagged a contract from the U.S. navy and the Australian Defense Force (ADF) in June 2019. The contract is worth USD 65 Million and it will enable Northrop to manufacture and deliver three LRIP Lot 5 MQ-4C Triton UAVs.

It will also offer associated materials and equipment for two of the ground stations. The ADF requires 7 long endurance and high altitude Triton UAVs. Northrop will make sure to deliver the same by cooperating with the U.S. navy. Australia will also procure 15P-8A Poseidon MPA for enhancing its capability of maritime surveillance.

The MQ-4C Triton UAV is based on the U.S. Air Force RQ-4B Global Hawk. It provides maritime ISR capability by utilizing multiple sensors persistently.

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Arthur Siegrist

By Arthur Siegrist

Arthur has nearly a decade of media experience. Before joining FBI Market News, he ran content operations of several local news journals. He also vast experience stock market, corporate communications, public relations, and digital marketing. Arthur holds a commerce degree from the University of Oakland and a post-graduate degree in English from NYU.