Global Unmanned Aerial Vehicle Market 2025 Booming With CAGR Of 14.33% | Top vendors like 3D Robotics Inc., Aerovironment, Inc., BAE Systems., Elbit Systems Ltd., General Atomics, Israel Aerospace Industries Ltd

Global Unmanned Aerial Vehicle Market Analysis

The Global Unmanned Aerial Vehicle Market research report offers comprehensive investigation about creation limit, utilization, import and fare for all the real districts over the world. In addition, organizations can pick up bits of knowledge into benefit development and maintainability program with this report. It has been accepted that the best market research report is the one which is relevant, one of a kind, and respectable that utilizes demonstrated instruments and systems to transform complex market bits of knowledge into less complex form. Regardless of whether it is tied in with restoring a field-tested strategy, setting up an introduction for a key customer, or offering suggestions to an official, this Global Unmanned Aerial Vehicle Market  report will without a doubt help you to some extent. Global Unmanned Aerial Vehicle Market is expected to rise from its initial estimated value of USD 20.73 billion in 2018 to an estimated value of USD 60.54 billion by 2026, registering a CAGR of 14.33% in the forecast period of 2019-2026. Increase demand of the UAV in military is the major factor for the growth of this market.

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Segmentation:-

Global Unmanned Aerial Vehicle Market By Type (Fixed- Wing UAVs, Multirotor UAVs, Single Rotor UAVs, Hybrid VTOL UAVs), Applications (Military, Civil & Commercial. Homeland Security, Consumer), Class (Small UAVs, Tactical UAVs, Strategic UAVs, Special Purpose UAVs), System (UAV Platforms, UAV Payloads, UAV Data Links, UAV Ground Control Stations, UAV Launch and Recovery Systems), Mode of Operation (Remotely Operated UAVs, Semi-Autonomous UAVs, Fully-Autonomous UAVs), Range (Visual Line of Sight (VLOS), Extended Visual Line of Sight (EVLOS), Beyond Line of Sight (BLOS)), Point of Sale (OEM, Aftermarket), MTOW (<25 Kilograms, 25-150 Kilograms, >150 Kilograms), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)– Industry Trends and Forecast to 2026

Competitive Analysis:

Global unmanned aerial vehicle market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of unmanned aerial vehicle market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.

Key Market Competitors:

Few of the major competitors currently working in the unmanned aerial vehicle market are 3D Robotics Inc., Aerovironment, Inc., BAE Systems., Elbit Systems Ltd., General Atomics, Israel Aerospace Industries Ltd., Lockheed Martin Corporation, Northrop Grumman Corporation, Parrot Drones SAS, Saab AB, Textron Inc., Thales Group, Boeing.

Market Definition: Global Unmanned Aerial Vehicle Market

UAV or Unmanned aerial vehicle which is also known as drone is the aircraft which operates without a human pilot on-board and are remotely piloted. There are sensors and GPS in them. They are used in by the military for anti- aircraft target practice, intelligence gathering and weapon platforms. They are also used by the firefighters and police.

Market Drivers:

  • Rising demand of unmanned aerial vehicles for photography, hobbyist, agriculture and surveillance applications is driving the growth of market.
  • Rise in their demand across the developing nations.

Market Restraints:

  • The cost of the UAV is the major factor restraining the growth of this market.

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Segmentation: Global Unmanned Aerial Vehicle Market

  • By Type
    •  Fixed- Wing UAVs
    •  Multirotor UAVs
    •  Single Rotor UAVs
    •  Hybrid VTOL UAVs
  • By Applications
    •  Military
    •  Civil & Commercial
    •  Homeland Security
    •  Consumer
  • By Class
    •  Small UAVs
    •  Tactical UAVs
    •  Strategic UAVs
    •  Special Purpose UAVs
  • By System
    •  UAV Platforms
    •  UAV Payloads
    •  UAV Data Links
    •  UAV Ground Control Stations
    •  UAV Launch and Recovery Systems
  • By Mode of Operation
    •  Remotely Operated UAVs
    •  Semi-Autonomous UAVs
    •  Fully-Autonomous UAVs
  • By Range
    •  Visual Line of Sight (VLOS)
    •  Extended Visual Line of Sight (EVLOS)
    •  Beyond Line of Sight (BLOS)
  • By Point of Sale
    •  OEM
    •  Aftermarket
  • By MTOW
    •  <25 Kilograms
    •  25-150 Kilograms
    •  >150 Kilograms

Key Developments in the Market:

  • In February 2019, Cyient Solutions & Systems Pvt. Ltd announced the launch of their new unmanned aerial system – the WanderB Vertical Take-off & Landing UAV. They are specially designed so that it can be used for military, peacekeeping, low-intensity conflict resolution, disaster management and commercial applications.
  • In November 2018, China launched a pilot traffic management program for unmanned aerial vehicle which will offer a new platform for UAV management. They will also provide services like quick approval of flight applications, real-time flight paths, quick verification of identities and information broadcasting.

Key Insights in the report:

  • Complete and distinct analysis of the market drivers and restraints
  • Key Market players involved in this industry
  • Detailed analysis of the Market Segmentation
  • Competitive analysis of the key players involved

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