Pune, India -- (SBWIRE) -- 12/10/2018 -- UAV Market Introduction

Unmanned Aerial Vehicle (UAV), commonly called drone, is a type of an aircraft that does not have any passengers or pilot onboard. It is either operated remotely by a human pilot, or by an onboard computer, or controlled autonomously. Size of UAVs range from the small sized ones driven by electric motors to the large sized ones powered by internal combustion engine. The small electric-powered UAVs are typically used for military and defense applications, and the large ones are used for tactical missions.

Furthermore, there has been increasing interest for civilian or commercial applications of UAVs in areas such as aerial photography, agriculture, 3D mapping, and wildlife protection, among others. 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.

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Market Driving Factors

The 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. Because of low endurance, UAVs can only be operated within a limited area, after which, it has to be returned to the base for battery pack recharge or replacement. Also, the strict regulations regarding the civilian and commercial applications of UAVs have hampered the wide-scale integration of such UAVs for commercial applications. Many of the countries still do not allow the commercial use of UAVs at the majority of areas (mostly urban and near airports).

Despite the challenges, the demand for small UAVs is growing, especially for civil, commercial, and military applications. In addition, there has been an increase in UAV R&D, which stimulate the spending in the market as well as they provide improvements in the technology. 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.

Key Players

The key players of global unmanned aerial vehicle market are-

- Airbus (France)
- AeroVironment Inc. (U.S.)
- Boeing (U.S.)
- Elbit Systems Ltd. (Israel)
- Israel Aerospace Industries Ltd. (Israel)
- Lockheed Martin (U.S.)
- Northrop Grumman Corporation (U.S.)
- Textron Systems (U.S.)
- Thales Group (France)
- BAE Systems (U.K.)

Recent Industry Update

August 2018 – The United Kingdom has ordered six counter-unmanned aerial vehicle (UAV) systems from Rafael Advanced Defense Systems. These systems will be used to protect sensitive facilities and the contract is worth $20 million. The system makes it possible to detect threats using radar and a signal intelligence component that monitors the signal broadcast by a UAV in flight.

Intended Audience

- Distributor & Supplier companies
- End Users
- Consultants and Investment bankers
- Government as well as Independent Regulatory Authorities

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Market Segmentation

The global UAV market is segmented on the basis of type, application and platform.

By type, the market is segmented into combat, small, strategic, tactical and others. Combat UAV finds applications for surveillance, artillery fire direction, lasing targets for fighter planes, and post-strike damage assessment. Moreover, the changing nature of advanced warfare is predicted to fuel the growth prospects for the combat aerial vehicle (UCAV) market.

By application, the market is segmented into military, commercial, agriculture and others. Military expenditure coupled with benefits offered by UAVs in military sector such as reducing collateral damage, while hovering, searching, identifying, and striking targets, have turned them into an asset in military operations.

By platform, the market is segmented into fixed-wing, rotary-wing and others. Fixed-wing UAVs possess the capabilities of taking off and landing vertically and then transiting into a horizontal flight which eliminates the need for long runway infrastructure without compromising the speed and endurance. These benefits offered by fixed-wing UAVs fuel the demand for them in commercial, military, and law enforcement applications.

Regional Segmentation

The regional segmentation of the global UAV market is done on the basis of the Americas, Europe, Asia Pacific (APAC) and the Middle-East.

From the Americas, the United States (U.S) is the global market leader in terms of UAV demand and as a manufacturer. It is globally the largest operator of UAVs. Majority of this demand is augmented by military and defense applications, and the U.S. army is the single largest buyer of UAVs worldwide. Other than large tactical UAVs, many small electric-powered UAVs are now prevalent at war front. UAVs have now become an integral part of the U.S. military and defense used for a number of tactical missions and surveillance purposes. Hence, the market is expected to maintain a consistent growth rate in coming years on account of technological advancements and availability of new cost-effective solutions.

The growth of the market in the APAC region comes close to that of the Americas due to rising commercial applications such as aerial photography, express shipping and delivery, gathering information or supplying essentials for disaster management, geographical mapping of inaccessible terrain and locations, building safety inspections, precision crop monitoring.

Europe has observed a surge in crime and terrorist-related activities past couple of years, with significant danger to the lives of law enforcement personnel. In order to make law enforcement more efficient, nations in the region are taking various steps to augment their forces. British law enforcement agencies are actively planning to put UAVs to regular use, particularly for police work. With United Kingdom being one of the biggest markets for UAVs in Europe, this development will be responsible for the positive growth of the market in the foreseeable future.

The Middle East and Africa region is a lucrative market for UAVs, sustained by its strong demand and major spending on UAV development projects. The region notes extreme weather conditions; therefore, the use of UAVs is quite natural as they can be used in diverse weather conditions without the risks of operational capability and pilot life safety.

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