Global Unmanned Aerial Vehicle Market Analysis 2019 By Focusing On Top vendors like 3D Robotics Inc., Aerovironment, Inc., BAE Systems., Elbit Systems Ltd., General Atomics, Israel Aerospace Industries Ltd., Lockheed Martin Corporation, Northrop Grumman C

This Global Unmanned Aerial Vehicle Market research report is organized by collecting market research data from different corners of the globe with an experienced team of language resources. Market segmentation studies conducted in this report with respect to product type, applications, and geography are valuable in taking any verdict about the products. By taking into consideration specific base year and historic year, calculations in the report have been performed which interprets the market performance in the forecast years by giving information about what the market definition, classifications, applications, and engagements are.

Moreover, the report revises general market conditions, estimates market share and possible sales volume of industry, figure out the probable market for a new product to be launched and discover the most appropriate method for the distribution of certain product. This Global Unmanned Aerial Vehicle Market report also comprises of strategic profiling of key players in the market, systematic analysis of their core competencies, and draws a competitive landscape for the market. To carry out competitive analysis, various strategies of the major players in the market have been considered that range from new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others which lead to an ascend of their footprints in the market.

Global Unmanned Aerial Vehicle Market is expected to rise from its initial estimated value of USD 20.73 billion in 2018 to an estimated value of USD 60.54 billion by 2026, registering a CAGR of 14.33% in the forecast period of 2019-2026. Increase demand of the UAV in military is the major factor for the growth of this market.

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Global Unmanned Aerial Vehicle Market By Type (Fixed- Wing UAVs, Multirotor UAVs, Single Rotor UAVs, Hybrid VTOL UAVs), Applications (Military, Civil & Commercial. Homeland Security, Consumer), Class (Small UAVs, Tactical UAVs, Strategic UAVs, Special Purpose UAVs), System (UAV Platforms, UAV Payloads, UAV Data Links, UAV Ground Control Stations, UAV Launch and Recovery Systems), Mode of Operation (Remotely Operated UAVs, Semi-Autonomous UAVs, Fully-Autonomous UAVs), Range (Visual Line of Sight (VLOS), Extended Visual Line of Sight (EVLOS), Beyond Line of Sight (BLOS)), Point of Sale (OEM, Aftermarket), MTOW (150 Kilograms), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)– Industry Trends and Forecast to 2026

Competitive Analysis:

Global unmanned aerial vehicle market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of unmanned aerial vehicle market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.

Key Market Competitors:

Few of the major competitors currently working in the unmanned aerial vehicle market are 3D Robotics Inc., Aerovironment, Inc., BAE Systems., Elbit Systems Ltd., General Atomics, Israel Aerospace Industries Ltd., Lockheed Martin Corporation, Northrop Grumman Corporation, Parrot Drones SAS, Saab AB, Textron Inc., Thales Group, Boeing.

Market Definition: Global Unmanned Aerial Vehicle Market

UAV or Unmanned aerial vehicle which is also known as drone is the aircraft which operates without a human pilot on-board and are remotely piloted. There are sensors and GPS in them. They are used in by the military for anti- aircraft target practice, intelligence gathering and weapon platforms. They are also used by the firefighters and police.

Market Drivers:

• Rising demand of unmanned aerial vehicles for photography, hobbyist, agriculture and surveillance applications is driving the growth of market.
• Rise in their demand across the developing nations.

Market Restraints:

• The cost of the UAV is the major factor restraining the growth of this market.

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Segmentation: Global Unmanned Aerial Vehicle Market

• By Type
o Fixed- Wing UAVs
o Multirotor UAVs
o Single Rotor UAVs
o Hybrid VTOL UAVs
• By Applications
o Military
o Civil & Commercial
o Homeland Security
o Consumer
• By Class
o Small UAVs
o Tactical UAVs
o Strategic UAVs
o Special Purpose UAVs
• By System
o UAV Platforms
o UAV Payloads
o UAV Data Links
o UAV Ground Control Stations
o UAV Launch and Recovery Systems
• By Mode of Operation
o Remotely Operated UAVs
o Semi-Autonomous UAVs
o Fully-Autonomous UAVs
• By Range
o Visual Line of Sight (VLOS)
o Extended Visual Line of Sight (EVLOS)
o Beyond Line of Sight (BLOS)
• By Point of Sale
o OEM
o Aftermarket
• By MTOW
o 150 Kilograms

Key Developments in the Market:

• In February 2019, Cyient Solutions & Systems Pvt. Ltd announced the launch of their new unmanned aerial system – the WanderB Vertical Take-off & Landing UAV. They are specially designed so that it can be used for military, peacekeeping, low-intensity conflict resolution, disaster management and commercial applications.

• In November 2018, China launched a pilot traffic management program for unmanned aerial vehicle which will offer a new platform for UAV management. They will also provide services like quick approval of flight applications, real-time flight paths, quick verification of identities and information broadcasting.

Key Insights in the report:

• Complete and distinct analysis of the market drivers and restraints
• Key Market players involved in this industry
• Detailed analysis of the Market Segmentation
• Competitive analysis of the key players involved

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