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.

Market Insight

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 market.

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.

Segment Covered

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.

Companies Profiled:

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 Drone.

Report Highlights:

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.