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Advanced Technologies : UAV Market Globally Grow at a CAGR of 10.16% by 2020

07-21-2017 08:13 AM CET | IT, New Media & Software

Press release from: UAV

Advanced Technologies : UAV Market Globally Grow at a CAGR

Albany, New York, July 21, 2017 : Recent research and the current scenario as well as future market potential of "Global UAV Market 2016-2020" globally.

UAVs, commonly referred as drones, are flights without a human pilot aboard. These flights are controlled either autonomously, by an onboard computer, or by remote control from the ground or another vehicle. UAVs range from large-sized UAVs used for tactical missions that are powered by internal combustion engine to small electric-powered UAVs driven by electric motors.
These small electric-powered UAVs are primarily used for military and defense applications. In addition, there has been an increasing interest for civilian or commercial applications of UAVs such as aerial photography, agriculture, 3D mapping, and wildlife protection.

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Technavios analysts forecast the global UAV market to grow at a CAGR of 10.16% during the period 2016-2020.

Covered in this report
The report covers the present scenario and the growth prospects of the global UAV market for 2016-2020. The report provides a global overview of the market and the growth prospects by region (Americas, APAC, and EMEA).

The market is divided into the following segments based on application:
Civil or commercial UAVs
Military UAVs

Technavio's report, Global UAV Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
AeroVironment
Elbit Systems
General Atomics
Israel Aerospace Industries
Northrop Grumman

Other prominent vendors
Aeronautics
Aeyron Labs
Aibotix
BAE Systems
DJI
Lockheed Martin
Prox Dynamics.

Market driver
Cost effective in operation
For a full, detailed list, view our report

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Market challenge
Limited endurance and payload capacity of small UAVs
For a full, detailed list, view our report

Market trend
Growing demand from emerging markets
For a full, detailed list, view our report

Key questions answered in this report
What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?

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