About Unmanned Aerial Vehicle (UAV) Drones
Unmanned aerial vehicle (UAV) drones are a type of aircraft that carries no human pilot or passengers. The drones are fully or partially self-directed but are more frequently controlled remotely by a human pilot. Use of the unmanned aerial vehicle (UAV) drones is more common, more readily available, and more sophisticated. It offers multiple capabilities including increased data collection and autonomous behavior.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Global Unmanned Aerial Vehicle (UAV) Drones is a fragmented market due to the presence of various players. The players are focusing on investing more in Launching New Products. These will enhance their market presence. The companies are also planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
RAND Corporation (United States), AltiGator (Belgium), DJI (China), Built In (United States), General Atomics (United States), Northrop Grumman (United States), Boeing (United States), BAE Systems (United Kingdom), Israel Aerospace Industries (Israel), Lockheed Martin Corporation (United States) and Raytheon Company (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Textron Inc. (United States) and Elbit Systems Ltd. (Israel).
Segmentation Overview
AMA Research has segmented the market of Global Unmanned Aerial Vehicle (UAV) Drones market by Type (Rotor Crafts, Fixed-Wing, Flapping-Wing, Hybrid UAVs and Others), Application (Payload Delivery, Traffic Monitoring, Moving Objects in Seemingly Dangerous Environment, Surveillance and Others) and Region.
On the basis of geography, the market of Unmanned Aerial Vehicle (UAV) Drones has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, 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).
If we see Market by , the sub-segment i.e. will boost the Unmanned Aerial Vehicle (UAV) Drones market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.Influencing Trend:
Consumer Preference towards Quality of Aerial Imaging with Cost-Saving Technology and Technological Advancement over the Globe
Market Growth Drivers:
Rising Applications of Unmanned Aerial Vehicle (UAV) Drones for Security Purpose
Challenges:
Lack of Knowledge and Skills Associated with Unmanned Aerial Vehicle (UAV) Drones and Lack of Standards and Regulations on the Operating Procedure of Unmanned Aerial Vehicle (UAV) Drones
Restraints:
Unmanned Aerial Vehicle (UAV) Drones can Damage the Property and Injury to People. and Risks with the Hackers of the Unmanned Aerial Vehicle (UAV) Drones
Opportunities:
Growing Unmanned Aerial Vehicle (UAV) Drones Applications in Military Sector especially in Developed Countries can create Opportunities for Market Growth.
Market Leaders and their expansionary development strategies
On 14th June 2021, General Atomics has acquired Synopta GmbH, a leading player in the development and production of complex optoelectronic instrumentation for space and terrestrial applications. The acquisition creates opportunities to demonstrate the potential of true transatlantic cooperation in the hi-tech field.
As per the Director-General of Civil Aviation (DGCA), “the civil operations of UAV and UAS will require approval from Air Navigation Service provider.
Key Target Audience
Unmanned Aerial Vehicle (UAV) Drones Manufacturers, Unmanned Aerial Vehicle (UAV) Drones Suppliers and Developers, Regulatory Bodies, Potential Investors, Research and Development Institutes and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.