The report on the Global Commercial UAV Market gives an estimation of the development of the market based on historical studies and also provides forecasts on the basis of a comprehensive research. The report gives a complete market analysis for the forecasted period from 2020 to 2026. The market is divided into various segments with an in-depth outlook of the competitors and a listing of the profiled key players. The market size in terms of revenue (USD MN) is calculated and provided for the study period along with the dynamics of the market such as the drivers and the restraints.
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.
The different types of commercial UAV’s available in the global market are fixed wing UAV, rotary blade UAV, nano UAV and hybrid UAV. UAV’s find their applications in government, energy sector, agriculture, media and entertainment and retail. The scarcity of trained pilots, security and safety concerns and air traffic management are the key factors that are a matter of concern for the growth of the UAV market.
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.
The industry is highly competitive and is majorly driven by product and technology innovations.
Major companies manufacturing UAV’s include:
- AeroVironment Inc.
- BAE Systems
- DJI
- Elbit Systems
- General Atomics
- Israel Aerospace Industries
- Lockheed Martin Corporation
- Northrop Grumman
- Parrot SA
- Textron Inc.
- The Boeing Company
SEGMENTATIONS IN REPORT:
Commercial UAV Market by Product
- Fixed wing UAV
- Rotary blade UAV
- Nano UAV
- Hybrid UAV
Commercial UAV Market by Application
- Government
- Energy Sector
- Agriculture
- Media and Entertainment
- Retail
Commercial UAV Market by Region
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East And Africa
The Global Commercial UAV Market has been exhibited in detail in the following chapters -
Chapter 1 Commercial UAV Market Preface
Chapter 2 Executive Summary
Chapter 3 Commercial UAV Industry Analysis
Chapter 4 Commercial UAV Market Value Chain Analysis
Chapter 5 Commercial UAV Market Analysis By Product
Chapter 6 Commercial UAV Market Analysis By Application
Chapter 7 Commercial UAV Market Analysis By Geography
Chapter 8 Competitive Landscape Of Commercial UAV Companies
Chapter 9 Company Profiles Of Commercial UAV Industry