Global Remote Sensing UAV Market 2020-2024
Technavio has been monitoring the remote sensing UAV market and it is poised to grow by $ 680.39 million during 2020-2024, progressing at a CAGR of 5% during the forecast period. Our reports on remote sensing UAV market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the increasing demand for lightweight UAV payload, the emergence of miniaturized EO/IR systems, and preference for integrated C4ISR system. In addition, increasing demand for lightweight UAV payload is anticipated to boost the growth of the market as well.
Technavio's remote sensing UAV market is segmented as below:
- Defense and commercial
By Geographical Landscapes
- North America
- South America
This study identifies the importance of 3D printing technology as one of the prime reasons driving the remote sensing UAV market growth during the next few years. Also, advent of alternative energy sources, and rising use of composite-based UAV landing gears will lead to sizable demand in the market.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our remote sensing UAV market covers the following areas:
- Remote sensing UAV market sizing
- Remote sensing UAV market forecast
- Remote sensing UAV market industry analysis
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading remote sensing UAV market vendors that include AeroVironment Inc., Elbit Systems Ltd., General Atomics, Israel Aerospace Industries Ltd., Lockheed Martin Corp., Northrop Grumman Corp., Raytheon Technologies Corp., Sentera Inc., Thales Group, and The Boeing Co.. Also, the remote sensing UAV market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.