UAV Drones Market: Global Industry Analysis, Trends, Market Size & Forecasts to 2023

The report predicts the global UAV drones market to grow with a CAGR between 19% and 20% from 2017 to 2023. The global UAV drones market size was USD 12.5 billion in 2015.The study on UAV drones market covers the analysis of regions such as North America, Europe, Asia Pacific, and Rest of the World. Among the geographies,North America dominated the world market with the highest market share, while Europe is the next major market with significant growth. Asia-Pacific region is anticipated to become the fastest growing market in terms of CAGR over the forecast period 2017-2023.

The report on global UAV drones market is a comprehensive study of demand, market size, forecasts, trends and factors affecting the global UAV drones market. Moreover, the report is collective presentation of primary and secondary research findings. In addition, it provides deep insights on the factors that driving, restraining the global UAV drones market. Porter’s five forces model in the report provides insights into the competitive rivalry in the global UAV drones market over the period of 2015 – 2023. Further, IGR- Growth Matrix given in the report brings an insight on the investment areas that existing or new market players can consider.

Research methodology

• Primary Research
Our primary research involves extensive interviews and analysis of the opinions provided by the primary respondents. The primary research starts with identifying and approaching the primary respondents, the primary respondents are approached through
1. Key Opinion Leaders associated with Infinium Global Research
2. Internal and External subject matter experts
3. Professionals and participants from LinkedIn, Hoovers, Factiva and Bloggers

Our primary research respondents typically include
1. Executives working with leading companies in the market under review
2. Product/brand/marketing managers
3. CXO level executives
4. Regional/zonal/ country managers
5. Vice President level executives.

• Secondary Research
Secondary research involves extensive exploring through the secondary sources of information available in both public domain and paid sources. At Infinium Global Research, each research study is based on over 500 hours of secondary research accompanied by primary research. The information obtained through the secondary sources is validated through the crosscheck on various data sources.

The secondary sources of the data typically include
• Company reports and publications
• Government/institutional publications
• Trade and associations’ journals
• Databases such as WTO, OECD, and World Bank, among others.
• Websites and publications by research agencies

Report Findings
1) Drivers
• Military applications
• Media & entertainment sector
• Precision agriculture
• Sensors components
• Governments utilize UAV drones for various tasks

2) Restraints
• Lack of enough trained and certified drone pilots
• High cost of operation for some applications
• Lack of favourable regulatory frameworks in various countries
3) Opportunities
• Retail and e-commerce sectors
• Emerging economies
• Emergence of new technologies, components and applications

Segments Covered
1) Global UAV Drones Market by Type
a. Commercial
Fixed Wing Drones
Vertical Take Off & Landing Drones
b. Military
High Altitude Long Endurance (HALE) UAV
Medium Altitude Long Endurance (MALE) UAV
Small Tactical Unmanned Aircraft Systems (STUAS)
Unmanned Combat Air Systems (UCAS)
c. Others
2) Global UAV Drones Market by Application
a. Commercial
Inspection & Monitoring
Media & Entertainment
Oil & Gas
Precision Agriculture
Surveying & Mapping
b. Military
Border & Maritime Security
Combat Operations
Emergency Communications
Search & Rescue Operations
c. Others

3) Global UAV Drones Market by Component
a. Battery
b. Camera System
c. Navigation System
d. Propulsion System
e. Sensors
f. Transmitters
g. Others
4) Global UAV Drones Market by Payload
a. Up to 25 KG
b. Up to 150 KG
c. Up to 500 KG
d. Above 500 KG

Companies profiled:
The companies covered in the report include
• AeroVironment Inc
• BAE Systems Plc
• DJI Innovations
• Elbit Systems Ltd
• Israel Aerospace Industries
• Leonardo Spa
• Lockheed Martin Corporation
• Northrop Grumman
• Parrot SA
• Precisionhawk
• 3D Robotics
• Thales Group
• The Boeing Company

Reasons to buy this report
1) Comprehensive analysis of global as well as regional markets of passive optical LAN
2) Complete coverage of all the applications segments to analyze the trends, developments in UAV drones market, and forecast of market size up to 2023.
3) Comprehensive analysis of the companies operating in UAV drones market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and latest developments of the company.
4) Infinium Global Research- Growth Matrix presents analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.