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At 14.15 % CAGR unmanned aerial vehicle (UAV) market potentially worth USD 52.30 billion by 2025 according to new research report

Automotive and Transportation Market Research

Study papers on Unmanned Aerial Vehicle (UAV) market and regional forecast. Unmanned Aerial Vehicle (UAV) market players are General Atomics (US), Northrop Grumman (US), Textron (US), Boeing (US), DJI (China), Parrot (France), 3D Robotics (US), and Aeryon Labs (Canada).

Download Brochure of Unmanned Aerial Vehicle (UAV) Market spread across 282 pages, Profiling 18 Companies and Supported with 130 Tables and 87 Figures is now available at www.rnrmarketresearch.com/contacts…ple?rname=1363209

UAV market is projected to grow from USD 20.71 billion in 2018 to USD 52.30 billion by 2025, at a CAGR of 14.15% during the forecast period. Unmanned Aerial Vehicles (UAVs) are remotely piloted aerial vehicles that have significant roles in defense as well as commercial sectors.

UAVs are commonly termed as ‘drones’ and increasingly used for border surveillance. They are also used in various commercial applications that include monitoring, surveying and mapping, precision agriculture, aerial remote sensing, and product delivery.

Thus, increasing use of UAVs in commercial and military applications is one of the most significant factors projected to drive the growth of the UAV market. The European and Latin American regions are expected to be the new revenue-generating markets for unmanned aerial vehicles.

Exemptions made by the Federal Aviation Administration (FAA) to allow the use of UAVs in several industries are also contributing to the growth of the UAV market.

Target Audience

  • Manufacturers of UAVs
  • Component Manufacturers of UAVs
  • System Integrators
  • Government and Certification Bodies

North American region is estimated to lead the UAV market in 2018. The US and Canada are key countries considered for market analysis in this region.

Increase in defense expenditures of the US and Canada and the presence of major UAV manufacturers in North America are key factors contributing to the growth of the UAV market in this region.

Get More Information on Unmanned Aerial Vehicle (UAV) Market with Top Company Profiles and Overview at www.rnrmarketresearch.com/contacts/1363209

Based on class, the strategic UAVs segment is estimated to lead the UAV market in 2018. The growth of the strategic UAVs segment can be attributed to the extensive use of MALE and HALE UAVs by defense forces worldwide to obtain situational awareness for threat evaluation during combat operations.

Based on application, the military segment is estimated to lead the UAV market in 2018. The growth of the military segment can be attributed to the increasing use of UAVs in various military applications, such as intelligence, surveillance, and reconnaissance (ISR) and electronic warfare.

UAV Market, By Range

1 Introduction
2 Visual Line of Sight (VLOS), By Application
3 Extended Visual Line of Sight (EVOLS), By Application
4 Beyond Line of Sight (BLOS), By Application

Report at
www.rnrmarketresearch.com/contacts/?rname=1363209

This research study covers the segmentation of the UAV market on the basis of UAV type (fixed-wing UAVS, multirotor UAVs, single rotor UAVs, and hybrid VTOL UAVs),class (small UAVs, tactical UAVs, strategic UAVs, and special purpose UAVs),application (military, civil & commercial, homeland security, and consumer), mode of operation (remotely operated UAVs, semi-autonomous UAVs, and fully-autonomous UAVs), range {Visual Line of Sight (VLOS), Extended Visual Line of Sight (EVLOS), and Beyond Line of Sight (BLOS)}, MTOW(<25 kilograms, 25-150 kilograms, and >150 kilograms), point of sale (OEM and aftermarket), and system (UAV platforms, UAV payloads, UAV data links, UAV ground control stations, and UAV launch and recovery systems). These segments and sub segments are mapped across various regions, such as North America, Europe, Asia Pacific, the Middle East, Latin America, and Africa.

The report provides in-depth market intelligence regarding key factors such as drivers, opportunities, and industry-specific challenges influencing the growth of the UAV market. It also offers an analysis of micro markets with respect to individual growth trends, prospects, and their contribution to the UAV market.

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