Global Unmanned Aerial Vehicle (UAV) Market 2017-2021
Unmanned aerial vehicles (UAVs), commonly referred as drones, are aircraft without a human pilot aboard. The flight is controlled either autonomously, or by an onboard computer, or by remote control from the ground or another vehicle. The large-sized remotely pilot aircraft (RPA) are powered by internal combustion engines, while relatively small UAVs are driven by electric motors. Such small electric-powered UAVs are mainly used for military and defense applications, as without combustion, they produce low sound and are, hence, found to be more suitable for spy missions. In addition, there has been an increasing interest in civilian or commercial applications of UAVs, such as aerial photography, agriculture, 3D mapping, and wildlife protection.
Technavio’s analysts forecast the global UAV market to grow at a CAGR of 12.7% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global UAV market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of UAVs.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global UAV Market 2017-2021
Technavio recognizes the following companies as the key players in the global UAV market: AeroVironment, Boeing, DJI, Elbit Systems, General Atomics Aeronautical Systems (GA-ASI), Israel Aerospace Industries (IAI), and Northrop Grumman
Other Prominent Vendors in the market are: Aeronautics, Aeyron Labs, Aibotix, BAE Systems, Blue Bear Systems, Entecho, GoPro, Lockheed Martin, Matternet, Parrot, Prox Dynamics, Quest UAV, Safran Electronics & Defense, TASUMA, and Xiaomi
Commenting on the report, an analyst from Technavio’s team said: “3D printing production refers to the process of synthesizing successive layers of materials with the support of computerized control technology to produce an object or component. This process enables manufacturers to design and manufacture small and micro-components of any shape or size and allows the producers to decrease the overall weight of the components. Additionally, the method allows cost-efficient and just-in-time (JIT) production of parts.”
According to the report, the threats to operating low-density high-demand UAVs are increasingly rising owing to the exponential technological growth, coupled with the proliferation of surface-to-air missiles. Employing such UAVs may reduce the flexibility and capability of commanding officers addressing a combat situation, unless these high-value UAVs are supported by small and miniaturized UAVs.
Further, the report states that the demand for secure communications has led to increased and efficient use of telecommunication spectrum. With changing nature of modern warfare, use of dynamic spectrum, which is already heavily congested, becomes more difficult during conflict or disaster relief operations. Similarly, the growing popularity of mobile warfare is reflecting a large volume of data consumption and transfer, resulting in excessive load on the available wireless spectrum.
AeroVironment, Boeing, DJI, Elbit Systems, General Atomics Aeronautical Systems (GA-ASI), Israel Aerospace Industries (IAI), Northrop Grumman, Aeronautics, Aeyron Labs, Aibotix, BAE Systems, Blue Bear Systems, Entecho, GoPro, Lockheed Martin, Matternet, Parrot, Prox Dynamics, Quest UAV, Safran Electronics & Defense, TASUMA, and Xiaomi
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