Global UAV Market (2016-2020) Growth at 10.16% - Key Vendors are AeroVironment, Elbit Systems, General Atomics, Israel Aerospace Industries & Northrop Grumman

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Research and Markets

Feb 01, 2016, 08:10 ET

DUBLIN, Feb. 1, 2016 /PRNewswire/ --

Research and Markets (http://www.researchandmarkets.com/research/69fv9p/global_uav_market) has announced the addition of the "Global UAV Market 2016-2020" report to their offering.

The report expects the global UAV market to grow at a CAGR of 10.16% during the period 2016-2020.

There has been a growing demand for small UAVs for civil, commercial, as well as military applications. In addition, there has been an increase in UAV R&D, which stimulates the spending on the market and provides improvements in the technology. Currently, the US leads the global market; however, there has been rising demand from the emerging markets as well, mainly from the Middle East and Asia.

According to the report, one of the drivers of the global UAV market is the cost effectiveness associated with UAVs to acquire and operate compared to manned aircraft and helicopters for the different military as well as commercial applications. Moreover, UAVs (mainly electrically powered) make comparatively low noise during flight, which makes them suitable for espionage. Furthermore, increased global UAV spending and demand for small UAVs, is driving the market growth.

Further, the report states that market vendors face certain challenges such as low endurance and limited flight range of UAVs (mainly the small electric-powered UAVs).

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?

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.

Key Topics Covered:

PART 01: Executive summary

PART 02: Scope of the report

PART 03: Market research methodology

PART 04: Introduction

PART 05: Market landscape

PART 06: Aerospace and defense supply chain system

PART 07: Aerospace and defense value chain system

PART 08: Market segmentation by application

PART 09: Market segmentation by UAV type

PART 10: Geographical segmentation

PART 11: Market drivers

PART 12: Impact of drivers

PART 13: Market challenges

PART 14: Impact of drivers and challenges

PART 15: Market trends

PART 16: Vendor landscape

For more information visit http://www.researchandmarkets.com/research/69fv9p/global_uav_market

Media Contact:

Laura Wood , +353-1-481-1716, [email protected]

SOURCE Research and Markets