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Global Unmanned Aerial Vehicles Market - Trends & Forecast (2018-2023) - Research and Markets

The "Global Unmanned Aerial Vehicles Market - Growth, Trends And Forecast (2018-2023)" report has been added to Research and Markets' offering.

The market is poised to grow at a CAGR of 9.83% from 2017 to 2022. Dangers from terrorist organizations and regular wear and tear, due to increased usage would increase the number of part substitutions, acting as a significant driver for the UAV market. Regardless of the fall in development of some UAVs (due to a reduction in American, French and German military funding), the contentiousness of automaton particularly in the US, the Middle-East and Asia-Pacific-has fundamentally helped its interests.

Thales, a leading player in transport, aerospace, defense and security, wants to pack a deal with India, so that India should offer its latest unmanned aerial vehicle (UAV) systems and radars. Thales needs around 200 UAV's due to their growing demand. UAV technology is now being used in construction sites which has created a tangible cost saving for their inspections, but the greater focus of this technology is the reduction of personnel working at height expose to risk.

The major driver of this market is that UAVs can be employed in potentially hazardous conditions and also in mundane, repetitive operations prone to human error. Greater exploration of the field and reduction in costs have increased the usage of UAVs in various contexts. Suppliers of UAVs are releasing products that can be used in areas such as agriculture, ethereal photography, and information gathering. UAVs for airborne transport of human service supplies are also under development. Usage of UAVs in the battlefield, however, has been criticized, the argument being that the absence of human judgment may cause unintended casualties. Currently, medium-altitude long endurance (MALE) UAV segmentation is dominating the market by holding around 35% of the market share.

Companies Mentioned

  • Aai Corporation
  • Aeronautics Limited
  • Aerovironment
  • Aleniaaeronautica
  • Aurora Flight Sciences
  • Bae Systems
  • Bell Helicopter
  • Boeing Defense Space & Security
  • Cassidian (Eads)
  • Cybaero Ab
  • Dassault Aviation
  • Denel Dynamics
  • Elbit Systems
  • Embraer
  • Emt
  • General Atomics Aeronautics Systems Inc.
  • Honeywell Engineering
  • Innoconn Ltd

Key Topics Covered:

1. Introduction

2. Key Findings of the Study

3. Market Dynamics

4. Market Analysis & Forecast

5. Appendix

For more information about this report visit https://www.researchandmarkets.com/research/2cqrd2/global_unmanned

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