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Global Unmanned Aerial Vehicles Market Technologies, Share and Forecast to 2024: Expecting a CAGR of 13.51% - ResearchAndMarkets.com

December 14, 2018

DUBLIN--(BUSINESS WIRE)--Dec 14, 2018--The “Global Unmanned Aerial Vehicles Market-Technologies, Market share and Industry Forecast to 2024” report has been added to ResearchAndMarkets.com’s offering.

Global Unmanned Aerial Vehicle (UAV) market is expected to grow at a CAGR of 13.51% during the forecast period 2017-2024.

The global Unmanned Aerial Vehicle market is mainly driven by increasing demand for UAVs in commercial applications and enhanced capabilities of UAVs to fight terrorism. However, regulatory policies & procedural issues act as a major restraint for the global unmanned aerial vehicle market.

The global unmanned aerial vehicle market is segmented on the basis of application, class, subsystem and material-type.

Based on application segment the market is classified into military, civil & commercial and homeland security of which military segment is anticiapted to dominate the market as UAVs have the capability of reducing collateral damage while hovering, searching, identifying, and striking targets, which makes them an invaluable asset for the military.

On the basis of end-user segment the market is classified into small UAV, tactical UAV, strategic UAV and special purpose UAV of which small UAV segment is projected to grow at the highest CAGR due to its dynamic capabilities of small UAVs in commercial applications and to execute a lethal force on the battlefield. The class segment of the unmanned aerial vehicles includes small UAV, tactical UAV, strategic UAV and special Purpose UAV.

Product launches, mergers & acquisitions etc. are some crucial strategies adopted by the major players to gain competitive advantage. For instance, on September 2017, Northrop Grumman has acquired Orbital ATK for approx. $9.2 billion which helps the company to expand its global presence so as to capture the market share. This acquisition would help the company to expand capabilities and greater competition in critical global security domains.

Key Topics Covered

1. Introduction

2. Market Overview

3. Market Determinants

4. Market Segmentation

5. Competitive Landscape

6. Geographic Analysis

7. Company Profiles

3D Robotics Inc (U.S) Aeronautics Ltd (Israel) Aerovironment Inc (U.S) BAE Systems (United Kingdom) Elbit Systems Ltd (Israel) General Atomics Aeronautical Systems Inc (Ga-Asi) (U.S) Israel Aerospace Industries Ltd (Israel) Lockheed Martin Corporation (U.S) Northrop Grumman Corporation (U.S) Parrot SA (France) Saab AB (Sweden) Sz Dji Technology Co Ltd (China) Textron Inc. (U.S) Thales Group (France) The Boeing Company (U.S)

For more information about this report visit https://www.researchandmarkets.com/research/55r2rr/global_unmanned?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20181214005206/en/

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Related Topics:Unmanned Aerial Vehicles (UAVs) - Drones,Military Unmanned Systems

KEYWORD:

INDUSTRY KEYWORD: TECHNOLOGY SOFTWARE MANUFACTURING AEROSPACE

SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 12/14/2018 07:48 AM/DISC: 12/14/2018 07:48 AM

http://www.businesswire.com/news/home/20181214005206/en

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