Press release
Unmanned Aerial Vehicle (UAV) Market: The global market is expected to grow at a CAGR of 11.7% during the forecasted period
The UAV market has experienced significant growth in various sectors, including military and defense, commercial, consumer, and government applications. The growth is primarily driven by the UAV market include advancements in technology, increasing demand for surveillance and reconnaissance capabilities, cost-effectiveness, and the expansion of applications in industries such as agriculture, infrastructure inspection, environmental monitoring, and more.
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Key Highlights:
• The global Unmanned Aerial Vehicle (UAV) Market size was valued at USD 24.7 billion in 2022 growing at a CAGR of 11.7% from 2023 to 2033.
• North America dominated the market in 2022
• Asia Pacific is expected to grow at the highest CAGR from 2023 to 2033
Evolve Business Intelligence has just unveiled its latest market research report focusing on the Global Unmanned Aerial Vehicle (UAV) Market. This comprehensive report delves into various facets of the market, including market size and projections, market dynamics, competitor market share analysis, market value and volume, SWOT analysis, product comparisons, recent advancements by major players, and prospective opportunities. Furthermore, the market's evaluation in the dynamic chapter considers four key indicators: Drivers, Constraints, Emerging Trends, and Challenges.
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Key Players
Some of the major Unmanned Aerial Vehicle (UAV) Market players holding high market shares include FLIR Systems Inc., Textron Inc., Northrop Grumman Corporation and Lockheed Martin Corporation. These players use partnership and collaboration as a key strategy to gain significant market share to compete with market leaders.
The key players profiled in the report are:
• AeroVironment Inc.
• BAE Systems plc
• The Boeing Company
• Elbit Systems Ltd.
• Airbus S.A.S.
• FLIR Systems Inc.
• Textron Inc.
• Northrop Grumman Corporation
• Lockheed Martin Corporation
Segmental Analysis
Market Segment By Type
• Fixed Wing
• Rotary Wing
• Hybrid
Market Segment By Application
• Military & Defense
• Civil & Commercial
• Logistics & Transportation
• Construction & Mining
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Key Region/ Countries Covered
• North America (US, Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Spain, Russia, Nordic Countries, BeNeLux, Rest of Europe)
• Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Rest of Asia Pacific)
• Middle East and Africa (Saudi Arabia, UAE, Egypt, South Africa, Rest of MEA)
• Latin America (Mexico, Brazil, Argentina, Rest of Latin America)
Reasons to Buy this Report:
• Comprehensive insights.
• Reliable and accurate data.
• Market size and data forecast
• Competitive analysis.
• Identification of market opportunities.
• Risk identification and mitigation strategies.
• SWOT analysis.
• TAM Analysis
• Recent industry developments.
• Customization options.
• Expertise and guidance for strategic decision-making
Evolve Business Intelligence
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Evolve Business Intelligence is a market research, business intelligence, and advisory firm providing innovative solutions to challenging pain points of a business. Our market research reports include data useful to micro, small, medium, and large-scale enterprises. We provide solutions ranging from mere data collection to business advisory.
Evolve Business Intelligence is built on account of technology advancement providing highly accurate data through our in-house AI-modelled data analysis and forecast tool - EvolveBI. This tool tracks real-time data including, quarter performance, annual performance, and recent developments from Fortune's global 2000 companies.
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