Unmanned Aerial Vehicle (UAV) Market Outlook to 2025 - Yuneec International Co, Airware, AeroVironment, DroneDeploy, DJI, Parrot SA, 3D Robotics, Northrop Grumman Corporation, PrecisionHawk, and senseFly SA
Growth in adoption of UAVs for law enforcement is anticipated to escalate the UAV Market at a CAGR of 18.4%
The Unmanned Aerial Vehicle (UAV) Market is at its infancy stage in the developing countries and is highly adopted technology in several developed countries. The market is further expected to flourish with change in government regulations for UAV related technologies across the globe.
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The investments in UAV technology noticed a shift from hardware to software. Players in the market are more focused in providing comprehensive UAV solutions that demands new software systems. This brought companies seeking for advancements in technologies, techniques for chip manufacturing, and economies to scale to reduce the cost of UAV platforms and sensors. Some of the key players in the global UAV market includes General Atomics, DJI, 3DR, Yuneec, Parrot SA, Textron, Northrop Grumman and Insitu among others.
Latest market study on "UAV Market to 2025 by Component (Hardware (Camera and Sensors) and Software); by Type (Fixed Wing, Multi Rotor, Single Rotor, and Hybrid) and Application (Military & Defense, Retail, Media & Entertainment, Personal, Agriculture, Industrial, Law Enforcement, and Construction) - Global Analysis and Forecast?, the UAV Market is estimated to reach US$ 51.85 billion by 2025 from US$ 11.45 billion in 2016. The report include key understanding on the driving factors of this growth and also highlights the prominent players in the market and their developments.
The report focuses on an in-depth segmentation of Unmanned Aerial Vehicle (UAV) Market based by component, type and application. The geographic segmentation of the report covers five major regions including; North Americas, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SA). The regional market has been further bifurcated by respective countries. By application segment, military & defense sector accounted for the largest share of the UAV market in 2016; whereas APAC region is expected to grow at the highest CAGR during the forecast period.
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Reason to Buy:
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global UAV market
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the global UAV market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
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