Commercial UAV Market Trends, Growth Analysis and Forecasts 2014 to 2021
The Commercial UAV Market Research Report provides Industry analysis and evaluation of the current and prospective Market Size, Share, Trend and Growth during the study period (2014–2021).
Commercial UAV (Unmanned Aerial Vehicle) is a powered, aerial vehicle that does not carry a human operator. It uses aerodynamic force to provide vehicle lift that can fly autonomously or be piloted remotely. It can be expendable or recoverable and can carry a lethal or nonlethal payload. Reduced risks associated with the usage of UAVs and technological innovations have created a demand for UAVs in performing complex operations, thereby reducing the need for human involvement.
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Increased applications of UAV’s have fueled the market growth in North America and Europe region. In addition, improved government initiatives are helping the growth of the UAV market in Asia Pacific and Latin America regions. Middle East and Africa are also contributing substantially to the overall UAV market.
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The industry is highly competitive and is majorly driven by product and technology innovations. Major companies manufacturing UAV’s include BAE Systems, DJI, Elbit Systems, General Atomics, AeroVironment Inc., Parrot SA, Israel Aerospace Industries, Northrop Grumman, Lockheed Martin Corporation, The Boeing Company and Textron Inc.
Decision Databases is involved in providing research reports and company profiles in the global commercial UAV market in terms of revenue and output/volume. Market drivers, opportunities and restraints are thoroughly studied which influences the market. This study is further utilized for the overall analysis of the market.
SEGMENTATIONS IN REPORT :
1. Commercial UAV Market by Product :
– Fixed wing UAV
– Rotary blade UAV
– Nano UAV
– Hybrid UAV
2. Commercial UAV Market by Application :
– Energy Sector
– Media and Entertainment
3. Commercial UAV Market by Region :
– North America
– Latin America
– Middle East And Africa
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