A recent report published by
Infinium Global Research on UAV drones market provides in-depth analysis of
segments and sub-segments in the global as well as regional UAV drones market.
The study also highlights the impact of drivers, restraints, and macro
indicators on the global and regional UAV drones market over the short term as
well as long term. The report is a comprehensive presentation of trends,
forecast and dollar values of the global UAV drones market. According to the
report, the global UAV drones market is projected to grow at a CAGR of 6.5%
over the forecast period of 2020-2026.
UAV drones are equipped with a
different state of the art technology such as infrared cameras, GPS, and laser.
The Unmanned aerial vehicle market covers everything from the aerodynamics of
the drone, materials of the physical UAV, the circuit boards, chipset, and
software, which are the brains of the drone. UAV drone technologies are finally
gaining solid traction in the business community. UAV drone technology is
constantly evolving with huge investments for bringing advanced drones to the
A large number of countries are
deploying UAV drones for border security, surveillance, combat operations, and
many other tasks. Hence, growing military applications of UAV drones are
driving the growth of the UAV drone market. Furthermore, growing commercial
applications of UAV drones are anticipated to flourish, as many countries are
formulating regulations for drones, which could open up more sectors for
drones, during the forecast period. There is an increase in the use of drones
for aerial photography, filming, and broadcasting, the media &
entertainment segment in commercial applications drive the growth of the global
UAV drones market. Moreover, the demand for UAV drones has increased
significantly as the precision agriculture segment is growing rapidly for
surveillance of livestock, crops, and weather, for soil protection, and
spraying pesticides. Additionally, government initiatives for the deployment of
drones for law enforcement, infrastructure monitoring, disaster management,
scientific research, and environmental studies among others drive the growth of
the global UAV market. However, the lack of enough trained and certified drone
pilots who can operate drones remotely is a major constraint for the UAV drones
market. Furthermore, the lack of favorable regulatory frameworks in many
countries hinders the growth of the UAV drones market. Moreover, with many
countries relies heavily on the import of drones for their requirements, major
players in the market are expected to have more opportunities to expand their
operations in emerging economies. The emergence of new technologies,
components, and applications in both military and commercial sectors are
expected to provide growth opportunities for the global UAV drones market.
Among geographies, North America
dominates the UAV drones market by Europe. Asia-Pacific is projected to become
the fastest-growing market in terms of CAGR during the forecast period.
Formulation of FAA regulations for drones, anti-terror combat operations,
atmospheric research, and increasing applications in various other sectors are
the major factors that drive the growth of the North American UAV drones
market. The changes in regulations that favor the use of drones in the European
Union, increasing use of drones in the agriculture sector, and law enforcement
are the factors driving the growth of the European UAV drones market.
Furthermore, increasing utilization of drones for public safety & security,
agriculture, and industrial surveillance drive the growth of the UAV drones
market in the Asia-Pacific region.
The report on global UAV drones
market covers segments such as type, component, payload, and application. On
the basis of type, the sub-markets include commercial, military, and others. On
the basis of component, the sub-markets include battery, camera system,
navigation system, propulsion system, sensors, and others. On the basis of
payload, the sub-markets include up to 25 kg, up to 150 kg, up to 600 kg, and
above 600 kg. On the basis of application, the sub-markets include commercial
drones, and military drones.
The report provides profiles of
the companies in the market such as Northrop Grumman, General Atomics
Aeronautical Systems, PrecisionHawk, AeroVironment, Elbit Systems, BAE Systems,
ING Robotic Aviation, VTOL Technologies, Israel Aerospace Industries, and Delta
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 the UAV drones market. Moreover, the study highlights current market
trends and provides forecast from 2020-2026. 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.