Unmanned Aerial Vehicles Market 2021 Growth, Prominent Players: SZ DJI Technology Co., Ltd., AeroVironment, Inc., BAE Systems plc

The Unmanned Aerial Vehicles Market report offers an in-depth assessment of market dynamics, the competitive landscape, segments, and regions in order to help readers to become familiar with the Unmanned Aerial Vehicles market. It particularly sheds light on market fluctuations, pricing structure, uncertainties, potential risks, and growth prospects to help players to plan effective strategies for gaining successful in the Unmanned Aerial Vehicles market. Importantly, it allows players to gain deep insights into the business development and market growth of leading companies operating in the Unmanned Aerial Vehicles market.

The unmanned aerial vehicles (UAV) market is anticipated to register a CAGR of more than 14% during the forecast period (2020 - 2025).

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Top Leading Companies of Unmanned Aerial Vehicles Market are - SZ DJI Technology Co., Ltd., AeroVironment, Inc., BAE Systems plc, Northrop Grumman Corporation, Elbit Systems Ltd., General Atomics, Parrot Drones SAS, IAI Group, Thales Group, Airbus SE, The Boeing Company, Microdrones GmbH and others.

Key Market Trends:

Military Segment is Expected to Dominate the UAV Market

During the last decade, the adoption rate of medium-altitude long-endurance (MALE) UAVs has drastically increased as the major operators such as the US Army have been seeking to optimize the use of such robotic process automation (RPA) for addressing the persistent challenges in the ISR missions. Various new contracts are being awarded to cater to the increased demand. Emerging military powerhouses such as China, India, and Iran are upgrading their UAV arsenal to counter the threat of being outgunned on the aerial front. In February 2018, China's domestically produced UAV completed a 6-day live-fire test with various ammunition covering both extensive bombing and precise targeting. The CH-4 was developed by the China Aerospace Science and Technology Corporation (CASC), based on the previous model, the CH-3. It reportedly claims to offer better basic performance than the General Atomics' MQ-1 Predator.

Asia-Pacific is Expected to Experience the Fastest Growth in the UAV Market

During the forecast period, Asia-Pacific is expected to witness the highest growth rate, owing to the expansion of defense capabilities in key countries such as China, India, Japan, and South Korea. The paradigm shift in favor of unmanned systems reflects the military’s general tendency to be at par with the most advanced technology available and perceptions of the emergence of asymmetrical warfare. Countries such as China, India, and Pakistan have been upgrading their respective inventories of military UAVs. Collaborative efforts are underway by dominant market players to capture the high growth potential of the market.

Investigator Observers Strong Growth in Specific Regions:

– Europe Market (Germany, UK, France, Russia, Italy)

– Center East and Africa Market (Saudi Arabia, UAE, Egypt, Nigeria, South Africa)

– South America Market (Brazil, Argentina, Colombia)

– North America Market (United States, Canada, Mexico)

– Asia Pacific Market (China, Japan, Korea, India, Southeast Asia).

The Latest Industry Data Included in this Report:
- Unmanned Aerial Vehicles Market Size & Analysis (2016 - 2026)
- Market Share Analysis of Unmanned Aerial Vehicles Market (%),2016 - 2026
- Unmanned Aerial Vehicles Market Share, By Brand
- Unmanned Aerial Vehicles Market Share, By Company
- Unmanned Aerial Vehicles Market Assessment & Opportunity (Value),2016 - 2026
- Major Companies Unmanned Aerial Vehicles Market Value Analysis & Forecast
- Promising Unmanned Aerial Vehicles Development by Major Companies
- Detailed Unmanned Aerial Vehicles Portfolio of the Major Companies
- Major Deals in the Unmanned Aerial Vehicles Market
- Major Companies Analysis

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