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Global Defense Drones Market 2016-2020

Global Defense Drones Market 2016-2020

Technavio's research analyst predicts the global defense drones market to grow at a CAGR of 6% during the forecast period. A defense drone or UAV is an airplane without a pilot on board. Human pilots on the ground control these machines through satellite-powered remote controls, or autonomously through onboard computers. These drones are an essential tool for modern defense forces because of their endurance and versatility, which makes them suitable for intelligence gathering and support roles for military operations. Drones can also be engineered to operate autonomously with onboard instruments with different functionalities, which are controlled and directed by instructors or an analyst operating out of a remote location in real time.

The global defense industry is driven by massive investments in R&D, leading to the development of advanced technologies that enhance endurance, survivability, and functions of UAVs or drones. For instance, during 2015, the Ministry of Defense, India, announced its plans to collaborate with Lockheed Martin to develop rotary engine-powered UAVs. The rising competition between countries to possess modern and advanced weapons and technologies in the defense sector is expected to drive the growth of the defense drones market.

Product segmentation and analysis of defense drones market

Large defense drones
Small defense drones
The large defense drones segment dominated the market during 2015, with a market share of 76%. Large drones such as MALE and HALE have long non-stop flight duration capabilities and can carry different payloads that vary from thermal cameras, listening antennas, and guidance lasers to various kinds of munitions. This enables large defense drones to perform tasks such as fire support, target designation, targeted strike missions, and intelligence gathering and surveillance. These advantages have been contributing to the growth of this segment.

 Geographical segmentation and analysis of the defense drones market

Americas
APAC
EMEA
The Americas accounted for 60% of the global market share during 2015 and is expected to grow at a CAGR of 5% during the forecast period. The increasing deployment of unmanned vehicles in countries such as the US, Brazil, and Latin Americas is driving the growth of the market in this region. For instance, by 2035, the US air force plans to develop and add close to 5,000 new drones.

Competitive landscape and key vendors

The global defense drones market is highly concentrated in countries such as the US and Israel. The vendors in the market compete on the basis of price, quality, innovation, service, reputation, distribution, and promotion.

The leading vendors in the market are -

Israel Aerospace Industries
General Atomics Aeronautical Systems
Boeing
Lockheed Martin
Other prominent vendors in the market include Textron, Northrop Grumman, AeroVirnonment, and Prox Dynamics.

Key questions answered in the report include

What will the market size and the growth rate be in 2020?
What are the key factors driving the global defense drones market?
What are the key market trends impacting the growth of the defense drones market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the vendors in the global defense drones market?
Trending factors influencing the market shares of the Americas, APAC, and EMEA?
What are the key outcomes of the five forces analysis of the defense drones market?
Technavio also offers customization on reports based on specific client requirement.

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Market overview of the global DIY market

Home improvement such as renovating and remodeling one's home is the key segment and also the largest segment in the global DIY market. Technavio's market research analyst expects the global DIY market to grow at a CAGR of around 3% during the forecast period. The growth of this market is mainly supported by the media presence, be it through the traditional medium such as television or the online presence in the form of video websites or social media.

The emergence of a large number of retail stores such as hypermarkets, supermarkets, and specialty stores across the globe is another major driver for the growth of the DIY market. These stores enable consumers to seek information on various brands, compare prices, quality, design, and then make a decision at their convenience and comfort. Also, with the increase in brand consciousness among consumers, the importance of organized retailers carrying branded DIY products is on the rise.

Geographical segmentation of the DIY market

Americas
APAC
Europe
MEA
Acceptance of DIY culture is very low in the APAC regions, hence the market is largely concentrated in the Western countries. The Americas occupies the largest share of the DIY market, with the US contributing the majority of the market share in this region. People in the US loves engaging themselves in DIY projects. Hence, this acts as a major driver contributing to the growth of the DIY market in the US.

Competitive landscape and key vendors

The sedated growth of the global DIY market is likely to spur vendors to bring in new products to meet the buying trend among the customers and remain competitive in the market. Additionally, the rising adoption of DIY activities in the developing region is also luring vendors in the DIY market to venture into these market and expand their foothold.

The leading vendors in this market are -

Adeo
Home Depot
Kingfisher plc
Lowe's
The other prominent vendors in the market include OBI, Bauhaus, Kesko, Travis Perkins, Les Mousquetaires, and Hornbach.

Growth drivers, challenges, and upcoming trends €“ Customization of DIY

Technavio's market research analysts accentuate upcoming trends such as the customization of DIY products, which is undoubtedly a popular approach across industries. Following the ways by which customer demand is changing on a regular basis, customization of DIY products play a crucial role in the growth of the DIY market.

This report provides a number of factors contributing to the adoption, limitations, and opportunities of the global DIY market. It also offers an analysis of each factor and an estimation of the extent to which the factors are likely to impact the overall market growth.

Key questions answered in the report

What will the market size and the growth rate be in 2020?
What are the key factors driving the global DIY market?
What are the key market trends impacting the growth of the global DIY market?
What are the challenges to market growth?
Who are the key vendors in the DIY market?
What are the market opportunities and threats faced by the vendors in the global DIY market?
Trending factors influencing the market shares of the Americas, APAC, Europe, and MEA.
What is the key outcome of the five forces analysis of the global DIY market?
Technavio also offers customization on reports based on specific client requirement.

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Press Release

Technavio Announces the Publication of its Research Report – Global Defense Drones Market 2016-2020

Technavio recognizes the following companies as the key players in the Global Defense Drones Market: Israel Aerospace Industries, General Atomics Aeronautical Systems, Boeing and Lockheed Martin

Other Prominent Vendors in the market are: Textron, Northrop Grumman, AeroVirnonment, and Prox Dynamics.

Commenting on the report, an analyst from Technavio’s team said: “One of the major trends in the market is high demand for nano-drones in defense. Micro and nano drones are used in military operations that last from days to weeks. This is made possible by the machines auto-entering into low extended power modes. These machines harvest energy from the natural environment, such as sunlight, as also from man-made sources such as powered lights.”

According to the report, Warfare is rising worldwide. Asymmetric warfare is warfare that takes place between two nations that differ significantly in terms of military power or tactics or possession of lethal and advanced weaponry. These kinds of differences can give rise to cold war and conflicts between countries as nations compete to possess advanced and powerful weapons and technologies. The emergence of such asymmetries is likely to fuel the global defense drones market during the forecast period.

Further, the report states that though drones are useful for ISR and communication operations, their slow flying speeds, low battery backup, and limited flight envelopes hinders market growth.

Companies Mentioned

Israel Aerospace Industries, General Atomics Aeronautical Systems, Boeing, Lockheed Martin, Textron, Northrop Grumman, AeroVirnonment, and Prox Dynamics.

  • Executive summary
    • Highlights
  • Scope of the report
    • Market overview
      • Table Segmentation by types of defense drones
      • Table Segmentation by geography
    • Top-vendor offerings
      • Table Product offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
  • Market landscape
    • Market size and forecast
      • Table Global defense drones market ($ billions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by types
    • Global defense drones by types
      • Table Global defense drones market segmentation by types 2015
      • Table Global defense drones market segmentation by types 2020
      • Table Global defense drones market by types 2015 and 2020 ($ billions)
    • Global large defense drones market
      • Table Global large defense drones market 2015-2020 ($ billions)
    • Global small defense drones market
      • Table Global small defense drones market 2015-2020 ($ billions)
  • Geographical segmentation
    • Global defense drones market by geography
      • Table Global defense drones market by geography in 2015
      • Table Defense drones market by geography in 2020
      • Table Global defense drones market by geography 2015 and 2020 ($ billions)
    • Defense drones market in Americas
      • Table Defense drones market in Americas 2015-2020 ($ billions)
    • Defense drones in EMEA
      • Table Defense drones market in EMEA 2015-2020 ($ billions)
    • Defense drones in APAC
      • Table Defense drones market in APAC 2015-2020 ($ billions)
  • Key leading countries
    • Table Key leading countries
  • Market drivers
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Table Defense expenditure in NATO 2010-2014 ($ billions)
  • Vendor landscape
    • Competitive scenario
    • Other prominent vendors
      • Table Vendor portfolio analysis
      • Table Business segmentation by revenue 2014
      • Table Vendor stand point
    • Recent developments
    • Key takeaways
  • Appendix
    • List of abbreviation
  • Explore Technavio

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