Global Unmanned aerial vehicle (UAV) Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027

MarketResearch.biz delivers in-depth insights on the global unmanned aerial vehicle (UAV) market in its upcoming report titled, “Global Unmanned aerial vehicle (UAV) Market Trends, Applications, Analysis, Growth, and Forecast: 2017 to 2027”. The global unmanned aerial vehicle (UAV) market is estimated to register a CAGR of X.X% in terms of value during forecast period 2017–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global unmanned aerial vehicle (UAV) market report has been segmented on the basis of UAV type, operation, application, and region.

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This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.

Unmanned aerial vehicle, commonly known as UAV or drone, is a type of remotely controlled aircraft with no pilot onboard. It is used for surveillance, combat operation in military, media coverage, wildlife research, boarder management, traffic monitoring etc.  UAV can be controlled remotely by human operators or a computer program. UAV are light weight vehicles that can fly lower than aircrafts, and low in cost compared to them.

Growing adoption of unmanned aerial vehicles for military and commercial purposes is a major factor driving growth of the global market. Increasing adoption of UAV in dangerous military operations and growing preference for new technology for warfare without putting human life at risk is resulting into increasing demand for unmanned aerial vehicles in military sector. In addition, increasing use of drones for patrolling border areas is also fueling growth of the global unmanned arial vehicle market. Growing preference for drones in law enforcement sector, owing to increasing terrorist activities and regional unrest are also factors propelling growth of the unmanned aerial vehicle market. Increasing utilizations of UAV for search and rescue operation in case of natural disasters as well as use of drones in agriculture sector are factors expected to drive growth of the global market.

However, government regulations on use of UAV for commercial purposes and lack of air traffic control laws may hamper growth of the global unmanned aerial vehicle (UAV) market. Nevertheless, growing adoption of new technology in military sector especially in developing countries and growing adoption of drones for deliveries can create high revenue opportunities for target players in the market.

North America accounts for largest market share in terms of revenue, owing to increasing adoption of new technology and presence of key manufacturers especially in US and Canada. In addition, increasing spending on military sector is another factor fueling the global unmanned arial vehicle market. Market in Asia Pacific is expected to witness significant growth in terms of revenue in the near future, owing to increasing military budget especially in emerging economies.

Global Unmanned aerial vehicle (UAV) Market Segmentation:

Segmentation by UAV type:

• Multi Rotor
• Single Rotor
• Fixed Wing
• Fixed Wing Hybrid VTOL

Segmentation by operation:

• Fully-Autonomous
• Remotely Operated
• Semi-Autonomous

Segmentation by application:

• Military
• Homeland Security
• Commercial
• Civil

Segmentation by region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa