General Aviation Market Outlook By Industry Size, Share, Revenue, Regions And Top Key Players Analysis From 2019-2024

The unmanned aerial vehicles (UAV) market is anticipated to register a CAGR of more than 10%, during the forecast period (2019-2024).
Growing applications of UAVs for various commercial purposes, like remote sensing, photo and videography, oil, gas, and mineral exploration, disaster relief, recreational uses, and other purposes, are driving the growth of the market.
UAVs are now being largely used in performing ISR missions, target recognition, and electronic warfare. Defense ministries around the world are investing in this capability, to reduce troop casualties, and as they are a less costly alternative to manned aircraft.

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However, the strict airspace regulations across major countries of the world, especially the United States, where FAA pioneered in setting regulations for commercial use of drones in the region, may hamper the growth of the market.

Scope of the Report
UAVs are pilotless aircraft, either controlled by remote control by a human operator, or autonomously by onboard computers, and uses aerodynamic forces to navigate and perform desired functions. Medium-altitude long endurance (MALE); High-altitude long endurance (HALE), tactical unmanned aerial vehicles (TUAV), and vertical takeoff and landing (VTOL) UAV are included in the study. Others segment includes unmanned combat aerial vehicles (UCAVs) and small UAVs. UCAVs are UAVs that usually carry aircraft ordnance, like missiles, and are used for drone strikes.

Competitive Landscape
Boeing, BAE Systems PLC, General Atomics, Israel Aerospace Industries Ltd, and Elbit Systems Ltd are some of the prominent players in the military segment of the market, while the commercial UAV segment is dominated by companies, such as DJI and Parrot Drones SaA, which have a large share in the small UAV market. Growing military procurements of HALE, MALE, and tactical UAVs may help the military drone manufacturers to further increase their market share to a huge extent, as compared to small commercial UAV manufactures.

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Ammunition Segment is Projected to Grow at a High Pace
At present, the ammunition segment has the highest market share out of all the segments. Technological advancements are likely to lead to the development of new non-lethal ammunition in the future, which may propel the growth of the market in the coming years. The different types of non-lethal ammunition are rubber bullets, wax bullets, plastic bullets, bean bag rounds, and sponge grenades. Rubber bullets are rubber or rubber-coated projectiles that are fired from standard firearms or dedicated riot guns. They are used for short range practice, animal control, and riot control. Rubber projectiles have been replaced by other materials as rubber tends to bounce uncontrollably. Wax bullets are most commonly used for indoor pistol target practice. The projectiles are made from melted paraffin, bee wax, or candle, and they are propelled only by a primer.

Asia-Pacific is Expected to Experience the Highest Growth
In the non-lethal weapons market, North America has generated the highest revenue among all regions. However, the growth of the Asia-Pacific region is expected to be the highest during the forecast period. With the escalating tensions in the Kashmir Valley and protests all over India, during the past few years, the demand for less-lethal weapons has increased. Occasional riots and civil unrest, such as demonstrations and protests in cities in eastern China, often in connection with labor-related, environmental, and educational issues, have led to the police forces resorting to the use of non-lethal ammunition, which, collectively, shall have a positive impact on the growth of the market

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This release was published on openPR.