PUNE, India, November 23, 2016 /PRNewswire/ --
The report "Unmanned Aerial Vehicle Market by Application (Military, Civil & Commercial, Homeland Security), Class (Small, Tactical, Strategic, Special Purpose), Subsystem, Energy Source, Material Type, Payload and Region - Global Forecast to 2022", published by MarketsandMarkets, the UAV market is estimated to be USD 13.22 Billion in 2016 and is projected to reach USD 28.27 Billion by 2022, at a CAGR of 13.51% during the forecast period.
Browse 116 market data Tables and 93 Figures spread through 263 Pages and in-depth TOC on "UAV (Unmanned Aerial Vehicle) Drone Market"
Early buyers will receive 10% customization on this report.
Key factors fueling the growth of the UAV (Unmanned Aerial Vehicle) market are increasing demand for UAVs for commercial applications, advancements in technologies of drone payloads, and increasing defense budgets of emerging economies.
Civil & commercial application segment is projected to grow at the highest CAGR during the forecast period
Based on application, the civil & commercial segment of the UAV (Unmanned Aerial Vehicle) market is anticipated to grow at the highest CAGR during the forecast period, as UAVs offer attractive platforms for a broad range of potential applications such as aerial remote sensing, greenhouse emission monitoring, and precision agriculture, among others. In addition, there have been various procurements and investments in civil & commercial applications of UAVs worldwide.
Based on class, the small UAV segment is projected to grow at the highest CAGR during the forecast period
Based on class, the small UAV segment of the UAV (Unmanned Aerial Vehicle) Market is anticipated to grow at the highest CAGR during the forecast period. The demand for small UAVs is increasing, owing to a wide range of opportunities in commercial applications and potentialities of their use in battlefields.
Based on payload, the synthetic aperture radar (SAR) segment is projected to grow at the highest CAGR during the forecast period
Based on payload, the SAR segment of the UAV (Unmanned Aerial Vehicle) market is anticipated to grow at the highest CAGR during the forecast period, as payload is compact in size, lightweight, uses less power, and is capable of performing real-time imaging.
Asia-Pacific UAV (Unmanned Aerial Vehicle) market to grow at the highest CAGR during the forecast period
The UAV (Unmanned Aerial Vehicle) market in the Asia-Pacific (APAC) region is expected to grow at the highest CAGR during the forecast period. Instability due to internal political tensions, growing trend of automation, and globalization in the region are the main factors fueling the growth of the UAV (Unmanned Aerial Vehicle) market in the APAC region. North America dominated the UAV (Unmanned Aerial Vehicle) market in 2015 due to increased UAV application in military, homeland security, and commercial areas.
Inquiry Before Buying: http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=662
Key players profiled in the UAV (Unmanned Aerial Vehicle) market report include Northrop Grumman (U.S.) Inc., SZ DJI Technology Co., Ltd. (China), Textron Inc. (U.S.), Parrot SA (France), IAI Ltd. (Israel), AeroVironment, Inc. (U.S.), Lockheed Martin Corporation (U.S.), and The Boeing Company (U.S.), among others.
Browse Related Reports
Drone Payload Market by Type (EO/IR, Cameras, SAR, Sigint, Elint, Comint, MPR, Laser Sensors, CBRN Sensors & Optronics), End-User (Defense & Commercial), and Region - Global Forecast to 2021
Small Drones Market by Application (Defense, Commercial), Size (Micro, Mini, Nano), Payload (Sensor, Telemetry System, Camera, Videoscreen, NBC Detection, SAR, Others), Type, Propulsion Systems, & Region - Global Forecasts to 2020
Subscribe Reports from Aerospace &Defence Domain @ http://www.marketsandmarkets.com/Knowledgestore.asp
MarketsandMarkets is the largest market research firm worldwide 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 a 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.
Markets and Markets
701 Pike Street
Suite 2175, Seattle,
WA 98101, United States
Tel : 1-888-600-6441
Visit MarketsandMarkets Blog@ http://mnmblog.org/market-research/aerospace-defence
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets