Unmanned Aircraft Systems (UAS) Market Scope
Unmanned Aircraft Systems are the vehicles without a human pilot aboard. Military utilities accounted for an important share of the application market. Growing defense spending has triggered the usage of these devices. They are often employed in missions which are unsafe for manned aircraft. UAVs are always used for various commercial purposes such as photo and videography, remote sensing, disaster relief, recreational uses, oil, gas, and mineral exploration, and other purposes, are driving the growth of the market studied. Over the past few decades due to increasing technological advancements, the global market will show lucrative opportunities over the forecasted period.
Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Unmanned Aircraft Systems (UAS) market throughout the predicted period.
Atomics (United States), Northrop Grumman (United States), Textron (United States), Boeing (United States), DJI (China), Parrot (France), 3D Robotics (United States), Aeryon Labs (Canada), Aerovironment Inc. (United States) and BAE Systems (United Kingdom) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Elbit Systems Ltd (Israel), Israel Aerospace Industries Ltd (Israel) and Thales SA (France).
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 Unmanned Aircraft Systems (UAS) market by Type (Fixed-Wing, Multirotor, Single Rotor and Hybrid VTOL), 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 Unmanned Aircraft Systems (UAS) 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).
On 25 JUNE 2019, General Atomics Electromagnetic Systems (GA-EMS) has announced that its Orbital Test Bed (OTB) satellite was successfully launched on-board the SpaceX Falcon Heavy rocket from Cape Canaveral. OTB was then successfully deployed into orbit after launch, and communication was established between the spacecraft and ground operations to begin satellite commissioning and operations.
Market Trend
- Rising Utilization in Fight Terrorism
- The emergence of Modern Agriculture Method
Market Drivers
- Growing Demand for Military as well as Homeland Security Operations
- Increasing Use of UAVs to Carry Out Advanced Patrolling of Marine Borders
Opportunities
- Augmented Deployment of UAVs to Carry Out Aerial Remote Sensing
- Growing Deployment of UAVs to Carry Out Aerial Remote Sensing
Restraints
- Restrictions Imposed on the Commercial Use of UAVs
- Growing Concern about Safety and Security of UAV’s
Challenges
- Stringent Government Regulations and Negligible Tolerance Level in Developing UAS systems
Key Target Audience
Unmanned Aircraft Systems (UAS) Manufacturers, Unmanned Aircraft Systems (UAS) Distributors and Suppliers, Aerospace Industry Associations and Research and Development Institutes