DALLAS, October 9, 2014 /PRNewswire/ --
The report "UAV Market by Class (Small, Tactical, Strategic, Special Purpose), Subsystem (Data Link, GCS, Software), Application (Military, Commercial, Homeland Security), funding (Procurements, RDT&E, O&M), & by Payload - Forecast & Analysis to 2014 - 2020", published by MarketsandMarkets, the UAV Market is estimated to be $6,762 Million in 2014 and is expected to register a CAGR of 7.73%, to reach $10,573 Million by 2020. The major challenges faced by the UAV Market are due to air traffic management, and lack of regulatory policies and procedural issues.
Browse 87 market data Tables with 116 Figures spread through 232 Pages and in-depth TOC on "UAV Market - Forecast & Analysis to 2014 - 2020".
http://www.marketsandmarkets.com/Market-Reports/unmanned-aerial-vehicles-uav-market-662.html
Early buyers will receive 10% customization on this report.
North America holds almost 69% share of the global UAV Market. Asia-Pacific is expected to witness a strong growth, due to increase in investments in defense and commercial applications in emerging countries such as China and India. Technological advancements in UAVs along with, their success in combat situations, and the rising demand for non-defense applications is expected to drive the UAV Market, in future. The technological efficiency of the UAVs which enables them to perform various applications in defense and commercial sectors is expected to contribute to the growth of the UAV market, globally.
Strict airspace regulations, lack of skilled and trained pilots, and defense budget cuts in the North American and European regions restrict the UAV Market growth. The increasing demand for autonomy and better operational efficiency would drive the growth of UAV Market.
Further Inquiry @http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=662
The market is segmented by class, by sub-systems, by payloads, by application, by region, and by country. The competitive analysis includes the market share of companies in the UAV Market. The report includes analysis of impact of drivers and restraints country-wise, and region-wise to give a better insight into the UAV Market. Technology and industry trends have also been highlighted, which would provide competitive market intelligence to utilize the business opportunities.
Browse Related Reports
Small UAV Market by Application (Military, Commercial & Civil, Homeland Security), by Payloads, by Propulsion System, by Geography - Market Forecast & Analysis to 2014 - 2019
http://www.marketsandmarkets.com/Market-Reports/small-uav-market-141134567.html
Unmanned Underwater Vehicles Market by Product (Autonomous Underwater Vehicle, Remotely Operated Vehicle), Application (Defense, Oil and Gas, Scientific Research), Region & Country - Global Trends & Forecasts to 2014 - 2019
http://www.marketsandmarkets.com/Market-Reports/unmanned-underwater-vehicles-market-140710720.html
About MarketsandMarkets
MarketsandMarkets is world's No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.
M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical info graphics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
Contact:
Mr. Rohan
North - Dominion Plaza,
17304, Preston Road,
Suite 800, Dallas, TX 75252
Tel: +1-888-600-6441
Email: [email protected]
Visit MarketsandMarkets Blog @ http://mnmblog.org/market-research/aerospace-defence
SOURCE MarketsandMarkets
Share this article