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- Learn about the size of the global UAV market.
- Understand the future direction of the global UAV market and the factors driving it.
- Assess the key market trends and developments.
- Analyze the changes facing the market and its players.
Reasons To Buy
How big is the global UAV market?
How is the market expected to grow and what is driving growth in the market?
What are the notable trends in the global UAV market?
What challenges do market players face?
Table of Contents
UAV MARKET GROWING, EUROPE PROVIDES MOST IMPETUS, NORTH AMERICA THE LARGEST MARKET
Global UAV market estimated to cumulatively hit $115.7 billion during forecast period
North America largest market, Europe fastest growing
Growth in other regions due to force modernization, increased unrest and low troop numbers
NEED FOR ADVANCED DEFENSE SYSTEMS, INCREASED THREATS and TERRITORIAL DISPUTES SPUR GROWTH
Increased internal and external security threats drive demand
Territorial disputes to increase global demand for UAVs for border monitoring
Need for advanced defense systems creates opportunities
KEY TRENDS: UCAVS, SOLAR POWERED AIRCRAFT, NEW VEHICLE TYPES AND CONSOLIDATION
UCAVs key category for research and development expenditure
Demand for solar-powered UAVs is forecast to increase
Shift from procurement of conventional to Mini, Micro and nano UAVs
Increased consolidation through partnerships and JVs
KEY CHALLENGES: ACCIDENT RATES, RESTRICTED EXPORTS AND MINIATURIZATION
High accident rates impede the global UAV industry
International associations restrict exports
Miniaturization becoming major challenge for the industry
Advancements in UAV technology and changes in warfare drive growth, but challenges remain
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