Unmanned Aerial Vehicle (UAV) Market Analysis, Market Size, Share, Trends, Application Analysis and

Unmanned Aerial Vehicle (UAV) Market Report Information by Type (Fixed Wing, Multi Rotor), by Application (Commercial, Military), by Component (Airframe, Payload, Guidance Navigation & Control, Propulsion System), & by Region - Global Forecast to 2023. Market Research Future (MRFR) Has Announced a New Release on the Unmanned Aerial Vehicle (UAV) Market highlights the current and future status of market and regional level analysis with the help of industry trends and market performance. Annual estimates and forecasts are provided for the period 2019 through 2023.

 Market Research Future (MRFR) has published a research report about the Global Unmanned Aerial Vehicle Market That Calculates Hike For This Market At 20% CAGR During The Forecast Period Between 2018 And 2023. Unmanned aerial vehicle (UAV) are the vehicles that are operated from remote locations and do not eature pilots.

The principal market driver for the global unmanned aerial vehicle market is a wide range of innovations in the military segment. The second market driver is the growing use of UAVs in package deliveries, oil rig inspection, landmine monitoring, farm monitoring, and lastly, telecom towers checking. In the industrial sector, UAVs are used for data gathering activities.

Key Players : Unmanned Aerial Vehicle (UAV) Market

Major players in the global unmanned aerial vehicle market include 3D Robotics Inc. (USA), AeroVironment Inc. (USA), Airbus (France), Boeing (USA), DJI (China), General Atomics (USA), Lockheed Martin (USA), Northrop Grumman Corporation (USA), Parrot Drones SAS (France), PrecisionHawk (USA), Textron Inc. (USA), and Thales Group (France).

Market Segmentation

The global unmanned aerial vehicle market segmentation covers application, component, and type. MRFR is exploring the features of these segments.

Regarding application-based segmentation, here, the market features commercial and military. Commercial applications are used for transferring goods for sale from one place to another. In commercial activities, the UAVs are useful in agriculture, aviation, construction, logistics mining, oil & gas, telecom, and others. In agriculture, UAVs are often used to supervise the crops. Military applications cover drones connected to spy satellites that help soldiers to recce the enemy territory without actually visiting it. In the military, UAVs are used for combat operations, emergency communications, surveillance, search & rescue, and others.

Based on component, this market has been segmented into airframe, payload, guidance navigation & control, and propulsion system. By type, the market has been segmented into fixed-wing and multirotor.

Regional Segmentation : Unmanned Aerial Vehicle (UAV) Market

The regional segmentation of the global unmanned aerial vehicle market covers North America, Asia Pacific, Latin America, Europe, and the Middle East & Africa (MEA). North America is dominating the global market due to the increased use of UAVs in commercial operations, military operations, and homeland security. Both USA and Canada heavily use UAVs in such operations. Availability of sophisticated technology and the presence of major market players in this region are also contributing to market growth in North America.

In Europe, the market is growing to reasons that are primarily the same as in North America. In this region, the major country-specific markets are France, Germany, Russia, and the UK. Other countries in Europe also contribute revenue to the market, significantly.

In the Asia Pacific region, the market for UAVs can grow for both commercial, as well as military activities. Many countries, like China and India, have agriculture-based economies. And military conflicts involving India, China, and Pakistan create demand for UAVs by military too. Japan is another important country-specific market due to technological advancement. Other countries of the Asia Pacific region contribute sizable revenue to the market.

In Latin America, the market is small due to limited technological advancement in this region. The major country-specific markets in this region are Brazil and Mexico. Other Latin American countries also contribute to some market revenue.

In the MEA region, the market growth is slow due to limited availability of technology. The most important country-specific markets in this region are Saudi Arabia, Israel, and the UAE. The military conflicts like Arab-Israel conflict and in many African countries create scope for market growth. Other countries in this region slightly contribute to market revenue.

Latest Industry News : Unmanned Aerial Vehicle (UAV) Market

Developed by Kratos Defense & Security Solutions Inc. for US Air Force, the new XQ-58A Valkyrie long-range UAV completed its second flight at Yuma Proving Grounds, Arizona on 11 JUNE 2019. 18 JUNE 2019

Boeing plans to collaborate with Robotic Skies. The amount they are set to invest has not been disclosed. Robotic Skies is known for aftermarket services for unmanned aircraft systems (UAS). 4 JUNE 2019

Get More Professional and Technical Industry Insights @ https://www.marketresearchfuture.com/reports/unmanned-aerial-vehicle-uav-market-806

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