MRO Magazine

Unmanned Aerial Vehicles (UAV) Market Forecast to 2020 – Commercial Drones Market to Proliferate in Next 5 Years – Key Vendors are 3D Robotics, Saab Ab & Parrot – Research and Markets


May 9, 2016
By Business Wire News

DUBLIN

Research and Markets has announced the addition of the “Unmanned Aerial Vehicles (UAV) Market, By Value and Volume Analysis and Forecast, 2015-2020” report to their offering.

Unmanned Aerial Vehicles (UAV) market has witnessed a meteoric growth over the past decade. The overall market growth is attributed majorly to the increasing territorial disputes and threats between nations across the globe. Moreover, the growing proliferation of UAVs in civil and commercial sectors has further triggered the growth of the UAV market. The global UAV market volume is anticipated to reach 4.7 million units by the end of 2020.

Major technological, as well as financial, advantages of UAVs over their counterparts are driving the UAV market globally. Despite the number of regulations laid down by governmental institutions and FAA over using UAVs in commercial spaces, the UAV manufacturers were successful in launching the UAVs in various applications such as agriculture, mining, photography, filming, product delivery, wildlife research and monitoring, and oil & gas pipeline inspection among others.

The key drivers that will augment the demand for UAVs includes factors such as ongoing conflicts and terrorist attacks, increasing demand for actionable intelligence, need for precision farming and hyper spectral imagery, and the penetration of UAVs in various civil applications. Despite to these, the high accident rates of UAVs, and government regulations on the use of UAVs and their export has restraint the growth of the market to some extent.

Report Structure:

1 Executive Summary

2 Report Scope & Research Methodology

3 Industry Analysis

4 Market Dynamics

5 Competitive Insights

6 UAV Market Size By Class

7 UAV Market Size By Payload

8 Industry Insights On Components Of UAVs

9 UAV Market Size By Application

10 UAV Market Size, By Geography

11 Company Profiles

Companies Profiled:

  • 3D Robotics
  • Aerovironment Inc.
  • Airbus Group (Eads)
  • Bae Systems
  • Cybaero Ab
  • DJI Innovations
  • Dassault Aviation
  • Elbit Systems Ltd.
  • General Atomics
  • IAI
  • Lockheed Martin Corporation
  • Northrop Grumman
  • Parrot
  • Saab Ab
  • Thales Group
  • The Boeing Company

For more information visit http://www.researchandmarkets.com/research/pgr3s9/unmanned_aerial

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
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Sector: Unmanned Aerial Vehicles (UAVs) – Drones, Military Unmanned Systems