A recent report published by Infinium Global Research on unmanned aircraft system market provides in-depth analysis of segments and sub-segments in the global as well as regional unmanned aircraft system market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional unmanned aircraft system market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global unmanned aircraft system market. According to the report, the global unmanned aircraft system market is projected to grow at a CAGR of 19.14% over the forecast period of 2019-2025.
The unmanned aircraft system is the new component of the aviation system. This system is based on the cutting edge developments in the aerospace technologies, offering enhancement that is open for the commercial/civil applications. Unmanned aircraft come in various sizes and shapes, also comes in different range from small handheld to the large aircraft. Unmanned aerial vehicle (UAVs) is the component of the unmanned aircraft system (UAS). This includes UAV, ground-based controller and system communication between these two.
Growing demand in the agriculture sector as used for the crop inspection and monitoring is the driving factor for the global unmanned aircraft system market. Increasing adoption of new technologies in the commercial sector in various applications and growing its deployment for law enforcement and surveillance boosting the growth of the global unmanned aircraft system market. On the other hand, the unmanned aircraft system requires high capital of investment that may hamper the growth of the global unmanned aircraft system market. Strict government regulations regarding air traffic management are also one of the restraining factors for the growth of the unmanned aircraft system market. The automatic flight control system may create an opportunity for the market by integrating the unmanned aircraft system into existing manned aircraft.
Geographically, North America region dominates by the largest market share in the unmanned aircraft system market due to the adoption of advanced technologies and increasing demand for surveillance in the military and armed forces. The U.S is accounted for the largest market share followed by Canada and Mexico. Moreover, the Asia Pacific region expected to boost the growth of the unmanned aircraft system market in the forecast period due to rising adoption of the unmanned aircraft system in agriculture and forestry as well as increasing utilization in commercial applications such as logistics and transportation for monitoring. In Asia-Pacific, China holds the highest share followed by Japan and India.
The report on global unmanned aircraft system market covers segments such as size, and application. On the basis of size, the sub-markets include small-medium, and large. On the basis of application, the sub-markets include military & defence, civil & commercial, agriculture, and other applications.
The report provides profiles of the companies in the market such as Lockheed Martin Corporation, Northrop Grumman Corporation, 3D Robotics, Inc., AeroVironment, Inc., The Boeing Company, Yamaha Motor Company Limited, Israel Aerospace Industries, SZ DJI Technology Co., Ltd., Aeryon Labs Inc., Leptron Unmanned Aircraft Systems, Inc., and Other Companies.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of unmanned aircraft system market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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