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 Information By Type (Combat UAV, Small UAV, Strategic UAV, Tactical UAV, And Others) By Application (Military, Commercial, Agriculture, And Others) By Platform  (Fixed-Wing UAVS, Rotary-Wing UAVS, And Others), And By Region – Forecast To 2023Market IntroductionUnmanned Aerial Vehicle (UAV), commonly called drone, is a type of an aircraft that does not have any passengers or pilot onboard.

UAV forms an integral part of the Unmanned Aerial System (UAS) which encompasses ground-based controller, and the system that establishes communications between the ground-based controller and UAV, as well.Get Sample Report @ https://www.marketresearchfuture.com/sample_request/1131 Market Driving FactorsThe cost-effectiveness of UAVs to acquire and operate in comparison to manned aircraft and helicopters, for various military and commercial applications, is the key factor driving the global UAV market.

Moreover, Unencumbered by combustion, the electric-powered UAVs produce less sound, and hence are found to be more suitable for spy missions.

Furthermore, global UAV spending and demand for small UAVs have increased, which drive the market growth.However, factors such as limited flight range and low range of the UAVs (especially for the small electric-powered ones) are a hindering the market.

Currently, the U.S. leads the global market.

However, the demand in the emerging markets is rising, mainly in the Middle East and Asia.As a result, the global UAV market is expected to grow at a CAGR of more than 10% during the forecast period.

Unmanned aerial vehicles (UAV) also sometimes referred as drones are used as aircraft systems without a human pilot aboard.

They are often employed in missions which are dangerous for manned aircraft.

Global Unmanned Aerial Vehicle(UAV) 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 acts as a major restraint for the global Unmanned Aerial Vehicle(UAV) market.North America led to the largest market share in the Unmanned Aerial Vehicle (UAV) market due to increased application in military, home-security and commercial areas.

Furthermore, Asia Pacific is expected to grow with the highest growth rate owing to the growing trend of globalization & automation and instability due to internal political tensions.Ask for PDF Sample Copy: https://www.orbisresearch.com/contacts/request-sample/2499266The Unmanned Aerial Vehicle (UAV) market was valued at 11700 Million US$ in 2018 and is projected to reach 31700 Million US$ by 2025, at a CAGR of 13.3% during the forecast period.

In this study, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Unmanned Aerial Vehicle (UAV).Geographically, global Unmanned Aerial Vehicle (UAV) market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players includingDJI InnovationsAeroVironmentCybaeroParrotIsrael Aerospace IndustriesAirbus GroupMicrodronesBoeingUnmanned Aerial Vehicle (UAV) Breakdown Data by TypeSmall UAVTactical UAVStrategic UAVSpecial Purpose UAVUnmanned Aerial Vehicle (UAV) Breakdown Data by ApplicationMilitaryCivil & CommercialHomeland SecurityGet Reasonable Discount: https://www.orbisresearch.com/contacts/discount/2499266This report includes the estimation of market size for value (million USD) and volume (K Units).

Global Commercial UAV (Unmanned Aerial Vehicle) Market: Trending in 2021 New York, NY 28 May 2021:  According to a new study published by Polaris Market Research the commercial UAV market is anticipated to reach over USD 15,624.7 million by 2026.

Increasing investments by vendors in technological advancements coupled with decreasing prices of components would reduce the overall cost of UAVs in the coming years, further supporting the market growth.

Growing demand from emerging economies, and increasing awareness are factors expected to provide numerous growth opportunities in the coming years.

UAVs provide high resolution imagery capable of monitoring and verifying applications in various sectors including civil engineering & construction, government, defense & intelligence, agriculture & forestry, transportation, real estate, and others.

Varied applications of commercial UAVs include topographic mapping, infrastructure planning, exploration of new energy sources, mitigation of impact of disasters, and monitoring drilling projects in oil & gas industry.

In real estate industry, commercial UAVs are used for enhanced view of buildings and properties, and in insurance sector for accessing environmental risk through accurate and updated geographical data.

 The UAV market was valued at USD 18.14 Billion in 2017 and is projected to reach USD 52.30 Billion by 2025, at a CAGR of 14.15% from 2018 to 2025.

The objective of this study is to define, describe, segment, and forecast the UAV market based on UAV type, application, class, system, mode of operation, range, point of sale, MTOW, and region.

The report provides a detailed overview of the competitive landscape of the UAV market and profiles of companies based on their financial positions, product portfolios, and growth strategies adopted by them to sustain their position in the market.

It also analyzes core competencies of key players and their market shares to anticipate the degree of competition prevailing in the UAV market.

The report also tracks and analyzes competitive developments, such as partnerships, mergers & acquisitions, new product launches, and research & development activities.

The base year considered for this study is 2017 and the forecast period is from 2018 to 2025.

The global unmanned aerial vehicle (UAV) market size is prognosticated to witness progressive growth rates on account of the increasing use of UAVs in the defense and military sectors worldwide.A handful of players constitute the Unmanned Aerial Vehicle market.

These include players such as Boeing, Northrop Grumman, and AeroVironment.

Manufacturers have a strong portfolio and adopt strategies such as mergers and acquisitions, agreements and contracts, company collaborations, and investments in quality production.

These companies have an extensive geographic presence and are investing continuously in research and development for secure regulatory approvals.Notable Industry Developments of Unmanned Aerial Vehicle (UAV) Market Include:In 2019 – FLIR Systems received a contract worth USD 39.6 million from the U.S. Army for Black Hornet tactical Nano-UAVs.In 2019 – 34 ScanEagle drones were manufactured by Boeing Co. and sold by the Pentagon to the governments of the Philippines, Malaysia, Vietnam, and Indonesia for USD 47 million.In 2019 – Northrop Grumman accepted a contract worth $ 65 million for supplying drones to Navy in Australia to provide long-lead production components for three Lot 5 MQ-4C Triton unmanned aircraft.In 2019 – A British Company, Prismatic, will be acquired by BAE Systems for aerospace and defense giant and expected to continue the solar-powered production of UAVs.Significant UAV Market Manufacturers include:TextronNorthrop GrummanKespryHubsanEHangDJICyPhyAutel RoboticsAguaDroneAction DroneParrotYuneec International Co. Ltd.Lockheed Martin CorporationInsituGeneral AtomicsDragonfly Innovations, Inc.DelairBoeingAbout Us:      Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions.

We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses.

Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.Phone:US: +1 424 253 0390UK: +44 2071 939123APAC: +91 744 740 1245Email: [email protected]