According to the new market research report "Unmanned Aerial Vehicle (UAV) Market by Application (ISR, Precision
Agriculture, Product Delivery), Class (Tactical, MALE, HALE, UCAV), System (Avionics,
Sensors, Payload), MTOW, Range, Type, and Region - Global Forecast to
2025".
The UAV market is estimated to be USD 20.71
Billion in 2018 and is projected to reach USD 52.30 Billion by 2025, at a CAGR
of 14.15% from 2018 to 2025.
Browse 127 tables and 71 figures spread through 264
pages and in-depth TOC on "Unmanned Aerial Vehicle (UAV) Market - Global
Forecast to 2025"
https://www.marketsandmarkets.com/Market-Reports/unmanned-aerial-vehicles-uav-market-662.html
The increasing use of unmanned aerial
vehicles in civil & commercial and military applications is one of the most
significant factors expected to drive the growth of the UAV market.
Improvements in flight control systems, owing to the development of sense and
avoid technology, are expected to fuel the growth of the UAV market.
The civil & commercial application
segment of the UAV market is projected to grow at the highest CAGR during the
forecast period.
Based on application, the civil & commercial application segment of
the UAV market is projected to grow at the highest CAGR from 2018 to 2025. This
growth can be attributed to the increased adoption of UAVs for various civil
& commercial applications, such as inspection, monitoring, surveying,
mapping, and remote sensing. Properties of UAVs such as superior endurance,
high efficiency, and low operating costs have fueled the use of UAVs in civil
& commercial applications.
Based on range, the Visual Line of Sight
(VLOS) segment is projected to grow at the highest CAGR during the forecast
period.
Based on range, the Visual Line of Sight (VLOS) segment of the UAV
market is projected to grow at the highest growth during the forecast period.
Small UAVs falls under the VLOS category and are primarily used in civil &
commercial applications. Relaxation of restrictions imposed on the commercial
use of UAVs is expected to drive the growth of the market for VLOS UAVs.
Based on mode of operation, the
semi-autonomous UAVs segment is estimated to lead the UAV market in
2018.
Based on mode of operation, the semi-autonomous UAVs segment is
estimated to lead the UAV market in 2018. The growth of the semi-autonomous
UAVs segment can be attributed to the advantages associated with
semi-autonomous UAVs that include limited human intervention and pre-programmed
features that aid in their smooth operations.
Asia Pacific is projected to be the
fastest-growing market for UAVs during the forecast period.
The UAV market in the Asia Pacific region is projected to grow at the
highest CAGR during the forecast period. This growth can be attributed to the
high demand for UAVs from the commercial and military sectors of countries,
such as China, India, and Japan. The military budgets of the above-mentioned
countries are increasing on a yearly basis, which has subsequently led to the
adoption of military UAVs, as they assist in the collection of battlefield
data.
Key players operating in the UAV market include General Atomics (US),
Northrop Grumman (US), Boeing (US), DJI (China), Parrot (France), Lockheed
Martin (US), Textron (US), 3D Robotics (US), and Israel Aerospace Industries (Israel).
