DUBLIN, May 12, 2016 /PRNewswire/ --
Research and Markets has announced the addition of the "Unmanned Aerial Vehicles (UAV) Market, By Value and Volume Analysis and Forecast, 2015-2020" report to their offering.
The global UAV market volume is anticipated to reach 4.7 million units by the end of 2020.
The global Unmanned Aerial Vehicle (UAV) market has witnessed a meteoric growth over the past decade. Military UAVs are considered a key component and an integral part of a country's defense system. The commercial UAVs have witnessed a huge transformation after the exemptions from Federal Aviation Administration (FAA) regulations. Major companies in the UAV market are targeting customers by introducing new and improved applications.
Major technological as well as financial advantages of UAVs over their counterparts are driving the UAV market globally. Despite the number of regulations laid down by governmental institutions and FAA over using UAVs in commercial spaces, the UAV manufacturers were successful in launching the UAVs in various applications such as agriculture, mining, photography, filming, product delivery, wildlife research and monitoring, and oil & gas pipeline inspection among others.
Penetration of UAVs in commercial Application
The report also provides a detailed analysis of UAV market in different segments such as market by class, by application, by payload, and by geography. A summary of the complete report is briefed in this chapter, giving a detailed insight on different segments of the UAV market.
The key drivers that will augment the demand for UAVs includes factors such as ongoing conflicts and terrorist attacks, increasing demand for actionable intelligence, need for precision farming and hyper spectral imagery, and the penetration of UAVs in various civil applications. Despite to these, the high accident rates of UAVs, and government regulations on the use of UAVs and their export has restraint the growth of the market to some extent.
An in-depth analysis of UAV applications for all regions has been covered in this report. The geographic segmentation covers major regions including North America, Europe, and Asia-Pacific which are major hubs for UAV manufacturers and payload integrators. The country analysis for this market is covered in the report which included major countries such as the U.S., Canada, Italy, the U.K., Israel, France, Germany, China, India, Japan, and Brazil, among others.
At the end of the report, a thorough analysis of the key players in the UAV market is provided which focuses on a detailed study based on financials, product portfolio, key developments, competitors, as well as a Strength, Weakness, Opportunity and Threat (SWOT) analysis. Some of the emerging players (which consist of startups) are also discussed under this section.
Key Topics Covered:
1 Executive Summary
2 Report Scope & Research Methodology
3 Industry Analysis
4 Market Dynamics
5 Competitive Insights
6 UAV Market Size By Class
7 UAV Market Size By Payload
8 Industry Insights On Components Of UAVs
9 UAV Market Size By Application
10 UAV Market Size, By Geography
11 Company Profiles
- 3D Robotics - Aerovironment Inc. - Airbus Group (Eads) - Bae Systems - Cybaero Ab - DJI Innovations - Dassault Aviation - Elbit Systems Ltd. - General Atomics - IAI - Lockheed Martin Corporation - Northrop Grumman - Parrot - Saab Ab - Thales Group - The Boeing Company
For more information visit http://www.researchandmarkets.com/research/gtzrrx/unmanned_aerial
Laura Wood, Senior Manager
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/global-unmanned-aerial-vehicles-uav-market-2015-2020---commercial-drones-market-to-proliferate-in-next-5-years---research-and-markets-300267578.html
SOURCE Research and Markets