Unmanned Aerial Vehicles (UAV) Market By Subsystem (Ground Control System, Data Links, Software, Flight Training & Simulation), By Payload (Surveillance Radar, Electro-Optics, Aerial Imaging Cameras, Signal Intelligence, Communication Relays, Navigation Systems, Synthetic Aperture Radars (SAR)), By Altitude Category (Low Altitude UAV, Medium Altitude UAV, High Altitude UAV), By Application (Government & Defense, Commercial) - Growth, Share, Opportunities & Competitive Analysis, 2016 - 2023

Uncrewed aerial vehicles (UAV), also called "drones," are aircraft systems capable of operating without any human pilot aboard. In contrast to other platforms, such as aerostat systems and airships, UAVs can hover over a given region and cover a larger surface area. Thus, UAVs are majorly preferred over other platforms due to their larger coverage area. These aircraft can be operated using a remote control or autonomously using an onboard computer. UAVs can be categorized based on their operating altitude. UAVs can typically fly at sizes ranging from a few hundred meters to over 30,000 feet above the surface of the Earth. Another primary type of UAV (high altitude) is designed to operate at altitudes ranging above 50,000 feet from the Earth's surface.

UAVs have emerged as one of the most critical aspects across various missions and applications such as defense, border surveillance, surveying, mapping, weather determination, etc. Although UAVs are not popularly used across civil applications (as compared to others), the adoption of UAVs in this segment is estimated to soar significantly in the coming years. In addition, the U.S. government also passed a law allowing drone vehicles to be used for civil purposes by 2015. This would increase the demand for UAVs in various applications, including police surveillance, traffic monitoring, carbon transport, and information relay and transmission.

The report titled "Global Unmanned Aerial Vehicles (UAVs) Market: Growth, Share, Opportunities, and Competitive Analysis, 2016–2023" offers strategic insights into the global unmanned aerial vehicles market and the market size and estimates for the duration of 2013–2023. The said research study covers an in-depth analysis of multiple market segments based on operating altitude, applications, payload, and a cross-sectional study across different geographies and sub-geographies. In addition, the study covers the comparative analysis of various segments for the years 2015–2023. The report also provides a prolific view of market dynamics, such as market drivers, restraints, and opportunities.

To help strategic decision-makers, the report also includes competitive profiling of the leading unmanned aerial vehicle manufacturers, their SCOT (Strengths, Challenges, Opportunities, and Weaknesses) analysis, market positioning, and key developments. Some of the major players profiled in the report are Northrop Grumman Corporation, Lockheed Martin Corporation, General Atomics Aeronautical Systems, Inc., Boeing Company, Safran SA, Israel Aerospace Industries Ltd., AeroVironment, Inc., Thales Group, BAE Systems Plc., and Airbus Defence and Space, among others.

Other in-depth analysis provided in the report includes:

  • Current and future market trends to justify the forthcoming attractive markets within the unmanned aerial systems industry
  • Market fuelers, market impediments, and their impact on market growth
  • in-depth competitive environment analysis
  • Trailing 2-year market size data (2013–2015)
  • SRC (Segment, Region, Country) Analysis

Overall, the research study provides the following:

  • A holistic view of the global unmanned aerial vehicle market.
  • Offering market size and estimates for the period from 2016 to 2023.
  • Keeping in mind, the factors mentioned earlier.

The global unmanned aerial vehicle (UAV) market is segmented, based on the altitude category, into the following categories:

  • Low-altitude UAV (up to 10,000 feet)
  • Medium-altitude UAV (10,000–30,000 feet)
  • High-altitude UAV (above 50,000 feet)

The unmanned aerial vehicle market is led by the high-altitude UAV segment, which accounts for over 50% of the total market revenue. These UAVs are designed to operate at altitudes of more than 50,000 feet above the surface of the Earth. This enables these UAVs to cover significantly larger areas than low- and medium-altitude UAVs. One of the most significant factors responsible for the larger revenue share is the exceptionally high costs of these UAVs over lower-altitude UAVs. High-altitude UAVs typically have costs ranging above US$ 100 million.

Low- and medium-altitude UAV segments are estimated to register significant growth in the coming years. Although the volume of UAVs falling under these categories is higher than that of high-altitude UAVs, their low revenue share is due to their low costs. In addition, UAVs, also referred to as drones, are estimated to soon become popular in civil applications. This may substantially spur the market's growth during the forecast period.

Based on end-use applications, the unmanned aerial vehicles market is categorized into the following segments:

  • Government and Defense
  • Commercial
  • Others (Environmental Monitoring, Satellite Calibration, etc.)

 Based on application, the unmanned aerial vehicles market is led by the government and defense segment. As of 2015, the segment contributed a market share of more than 60% in revenue worldwide. The demand for UAVs in the government and defense segments is rising with the rising budgets of nations in the defense and homeland security sectors. In addition, most countries worldwide are focused on deploying reliable and persistent UAV-based surveillance systems to monitor any activities within or about their territories.

Due to rising threats from terrorist activities and border conflicts, the expenditure on UAVs for surveillance systems is predicted to remain strong in the coming years. Thus, the government and defense segment will likely retain its dominant position in revenue and adoption throughout the forecast period across the global market. Nevertheless, the commercial segment is estimated to register the highest growth during the forecast period. The growth is majorly attributed to the increasing adoption of UAVs across communication, aerial imaging, and other civil applications.

The global unmanned aerial vehicle market has been segmented based on geographical regions, as per the following regions and countries:

  • North America
  • U.S.
  • Canada
  • Europe
  • U.K.
  • Germany
  • CIS
  • Rest of Europe
  • Asia Pacific
  • Japan
  • China
  • South Asia
  • Australasia
  • Rest of Asia Pacific
  • Middle East and Africa (MEA)
  • GCC countries
  • North Africa
  • South Africa
  • rest of MEA

Based on the lighting technology, the global unmanned aerial vehicles market is segmented into the following categories

  • Surveillance Radar
  • Electro-Optics (Infrared, Laser, etc.)
  • Aerial Imaging Cameras
  • Signal Intelligence
  • Communication Relay
  • Navigation Systems
  • Synthetic Aperture Radars (SAR)
  • Others

The revenue contribution of payload segments to the overall unmanned aerial vehicles market is quite fragmented. Due to the flexible operation offered by the UAV, these systems are increasingly being used across different applications such as surveillance, communication relays, intelligence gathering, environmental monitoring, and others. To date, electro-optics sensors, surveillance radars, and imaging cameras are the most popular and prominent payloads used in UAVs. Due to the high significance of these applications, the segments are estimated to remain dominant in the market, collectively contributing to more than two third of the total revenue worldwide.

In 2015, the overall unmanned aerial vehicles market was dominated by North America, accounting for more than one-third of the total market revenue. The North American UAV market is mainly governed by the U.S., which accounts for more than 80% of the total revenue generated in the region. Due to high spending on UAVs and the presence of many players in the region, the North American segment is anticipated to hold its dominant position in the market throughout the forecast period. However, Asia Pacific is expected to emerge as the fastest-growing region in the UAV market worldwide during the forecast period. The demand for UAVs is mainly driven by countries such as China, India, South Korea, and Japan.

 Frequently Asked Questions:

The market for Unmanned Aerial Vehicles (UAV) Market is expected to reach US$ 100 million in 2023

The Unmanned Aerial Vehicles (UAV) Market is expected to see significant CAGR growth over the coming years, at 50%

The report is forecasted from 2016-2023.

The base year of this report is 2015.

Northrop Grumman Corporation,General Atomics Aeronautical Systems, Inc.,Israel Aerospace Industries Ltd.,Boeing Company,Lockheed Martin Corporation are some of the major players in the global market.

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Published Date:  Jul 2016
Category:  Automotive & Transportation
Report ID:   58027
Report Format:   PDF
Pages:   120
Rating:    4.5 (65)
Delivery Time: 24 Hours to 48 Hours   
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