Global UAV Market 2020-2024

Global UAV Market 2020-2024

The publisher has been monitoring the UAV market and it is poised to grow by $ 20.58 bn during 2020-2024 progressing at a CAGR of 16% during the forecast period. The report on UAV market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the increasing defense spending on unmanned technologies and the emergence of miniaturized EO/IR systems. In addition, increasing defense spending on unmanned technologies is anticipated to boost the growth of the market as well.

The UAV market analysis includes the application segment and geographical landscapes.

The UAV market is segmented as below:

By Application

• Commercial and civil
• Defense &homeland security

By Geographical Landscapes

• North America
• Europe
• APAC
• MEA
• South America

This study identifies the low-cost alternative to fighter jets as one of the prime reasons driving the UAV market growth during the next few years.

The report on the UAV market covers the following areas:

• UAV market sizing
• UAV market forecast
• UAV market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading UAV market vendors that include Aeronautics Group, AeroVironment Inc., Elbit Systems Ltd., FLIR Systems Inc., General Atomics, Israel Aerospace Industries Ltd., Lockheed Martin Corp., Northrop Grumman Corp., SZ DJI Technology Co. Ltd., and The Boeing Co. Also, the UAV market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.