UAV Drones Market Scope
UAV Drone is referred to an aircraft without a human pilot which operates through onboard computers or remote control. Increasing practice by armed forces as loitering munition, patrolling of naval borders, rising inclination towards modern warfare technologies in key countries and exemptions given by various governing bodies such as Federal Aviation Administration (FAA), European Aviation Safety Agency (ESSA) and others, to permit the use of UAVs in numerous industries are expected to propelling the UAV drone market.
According to AMA, the Global UAV Drones market is expected to see growth rate of 17.72%
Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global UAV Drones market throughout the predicted period.
General Atomics (United States), 3D Robotics (United States), Aeryon Labs (Canada), Aero Vironment Inc. (United States), BAE Systems PLC (United Kingdom), Draganfly Innovations Inc. (Canada), Elbit Systems Ltd. (Israel), General Atomics (United States), Israel Aerospace Industries (Israel), Lockheed Martin Corporation (United States), Northrop Grumman International Inc. (United States), Textron Inc. (United States), The Boeing Company (United States) and Other are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Parrot SA (France), DJI (China) and Others.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
The study have segmented the market of Global UAV Drones market by Type (Fixed-Wing UAVs, Multirotor UAVs, Single Rotor UAVs, Hybrid VTOL UAVs and Others), by Application (Military, Civil & Commercial, Homeland Security, Consumer and Others) and Region with country level break-up.
On the basis of geography, the market of UAV Drones has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
UAVs drone operations involve high risk thus, stringent regulations have been imposed by various governing bodies such as FAA, ESSA and others. Though, regulations vary country wise with some common restrictions stated below. The regulations bar drones to fly near sensitive locations such as airports, government offices and military warehouses among others. Moreover, drones must be flown within the line of sight with restriction on maximum altitude. Flying UAV drones over public places are restricted in the most part of the world."
Market Trend
- Rising Application in Entertainment and Sport Industry
- AI and machine learning deployment to boost drone automation
Market Drivers
- Rising Application of UAV drones by defense personnel for security measures
- Growing adoption of drones in commercial applications such as 3D mapping, drone irrigation, drone inspection and shipping & logistics
Opportunities
- Increasing Security Budgets of Developing Economies
- Technological Advancement in Drone Payloads Field
- Use of UAVs in Federal Applications and Cargo Distribution in Military Operations
Restraints
- Lack of Skilled Drone Operators
- Restriction on Commercial Use of UAV Drone in Various Countries
Challenges
- Lack of Appropriate Air Traffic Management and safety for UAVs
- Concerns Regarding Public safety and privacy
Key Target Audience
Manufacturers of UAVs, Component Manufacturers of UAVs, System Integrators, Government Agencies, Research Institute, Market Research Firms and Others