Global Unmanned Aerial Vehicle (UAV) Market is Estimated to Reach $52.3 Billion by 2025, Says Accurize Market Research
Global unmanned aerial vehicle (UAV) market report published by Accurize Market Research forecast that the global market is expected to reach $52.3 billion by 2025; growing at a CAGR of 14.2% from 2017 to 2025. By geography, Asia Pacific and North America are expected to grow at a CAGR of XX% and XX%, respectively, during the forecast period.
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Upsurge in procurement of military UAVs by defense forcesacross the globe to drive the growth of the market
Upsurge in procurement of military UAVs by defense forces around the globe fuelsthe demand for the global unmanned aerial vehicle (UAV) market. Moreover,huge demand for performance& technological development also boosts the growth of the market.
The global unmanned aerial vehicle (UAV) market has been bifurcated on the basis of UAV type, application, class, system, mode of operation, range, point of sale, MTOW, and geography. On the basis of range, the UAV market has been classified into visual line of sight (VLOS), extended visual line of sight (EVLOS) and beyond light of sight (BLOS). Application segment is bifurcated into military, civil & commercial, homeland security, and consumer. Based on class, the UAV market has been segmented into small UAVs, tactical UAVs, strategic UAVs, and special purpose UAVs. The system segment is further divided into UAV platforms by Subsystem, UAV payloads by Type and UAV data links, among others. Mode of operations segment is further bifurcated into remotely operated UAVs, semi-autonomous UAVs and fully-autonomous UAVs. The point of sale segment is further divided into OEM and aftermarket. MTOW segment is segregated into 150 kilograms. On the basis of UAV type, UAV market is divided into fixed wing UAVs, multirotor UAVs, single rotor UAVs and hybrid VTOL UAVs.
By geography the market is segmented into North America, Europe, Asia-Pacific and Rest of the World (RoW). The U.S. and Canada are countries under North America wherein Europe covers U.K, Germany, France and others. Asia-Pacific covers China, India, Japan, and rest of Asia-Pacific. RoW covers South America, Middle East and Africa.
“North America is expected to be the largest market for UAV during the forecast period”, says accurize
North America is estimated to be the largest market for UAV in 2017. The increasing use of UAVs at border and maritime surveillance activities in countries, such as US and Canada, is driving the growth of the UAV market in North America.
Top players in the market
The key market players include Textron, Boeing, DJI, Parrot,General Atomics, Northrop Grumman, 3D Robotics and Aeryon Labsamong others.
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