UAV Market 2020-2024 Covid 19 Impact on Top countries data,Industry Overview by Size, Share, Future Growth, Development, Revenue, Top Key Players Analysis and Growth Factors

Posted on Oct 26 2020 4:58 AM

"COVID-19 can affect the global economy in three main ways: by directly affecting production and demand, by creating supply chain and market disruption, and by its financial impact on firms and financial markets. The UAV Market is expected to register a CAGR of Growing rate%, during 2020-2024."

Global “UAV Market” Report 2020 - 2024 Provides Complete company profiles covering the product offerings, key financial information, current developments, SWOT analysis and strategies employed by the major UAV market players. Also Provides Industry position and viewpoint of main regions based on major key players, country, product types, and end industries UAV Market reports offer a detailed assessment of the UAV including enabling technologies, current market situation, market assumptions, restraining factors.

UAV Market Report Segmented by Regions: North America, Europe, Asia-Pacific (APAC), Middle East and Africa, Rest of World (ROW).  This XYZ market research report focuses on the Key Manufacturers Profiles in Detail with Granular Analysis of the Market Share, Production Technology, Market Entry Strategies, Revenue Forecasts and Regional Analysis of the Market.

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The global UAV market is expected to register a CAGR close to 10% during the forecast period, 2018 to 2023. Military expenditure is the primary driving factor of the global UAV market. UAVs have the capability of reducing collateral damage, while hovering, searching, identifying, and striking targets, which makes them an asset for the military. For instance, the UAV market in pacific region is primarily driven by the threat posed by North Korea. As a result, South Korea has developed few UAV models indigenously and also, rolled out a long-term plan in December 2017 to develop unmanned vehicles, with the aim of emerging as a global leader in the sector by 2030. Other factors that fuel the growth are growing demand for UAVs for commercial applications, such as aerial photography, express shipping and delivery, gathering information or supplying essentials for disaster management, geographical mapping of inaccessible terrain and locations, building safety inspections, precision crop monitoring. However, strict airspace regulations across major countries of the world, especially US, where FAA pioneered in setting regulations for commercial use of drones in the region can restrain the growth rate of UAV market. Further, the export restrictions on UAVs, by classifying them in the same bracket as missiles, is expected to hinder growth of the market to some extent.

Asia- Pacific to Dominate the Market

The UAV market for Asia-Pacific region is expected to register a CAGR close to 12%, during the forecast period. China accounted for the largest market, accounting a significant share in the Asia-pacific region in 2017. In December 2017, South Korea unveiled a long-term plan to develop unmanned vehicles, with the aim of emerging as a global leader in the sector by 2030. According to the data released by Stockholm International Peace Research Institute (SIPRE), results indicate India as one of the top countries having 22.5% of the world's drone imports.

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Here is the Top-List of Key-players of UAV Market 2020:-

         ●      DJI Innovations
         ●      AeroVironment Inc.
         ●      BAE Systems
         ●      Cybaero Ab
         ●      Elbit Systems Ltd
         ●      General Atomics
         ●      Parrot SA
         ●      Israel Aerospace Industries
         ●      Thales SA
         ●      Airbus Group
         ●      Microdrones
         ●      Boeing

The report focuses on the global market, especially in the United States, Europe, China, Japan, South Korea, North America, and India. 

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Also, the Report contains a comprehensive analysis of the important segments like market opportunities, import/export details, market dynamics, key manufacturers, growth rate, and key regions.

The Global UAV market swot is provided for the international markets including progress trends, competitive landscape breakdown, and key in regions development status. Development policies and plans are discussed as well as manufacturing processes and cost structures are also analyzed.

The global UAV market covers the vision of participant analysis by product types, market share, applications, sales, and revenue.

Highlighted points of UAV Market Size:

         ●      Covers the varying market dynamics of the industry.
         ●      In-depth analysis of market risks, opportunities, limitations, and growth of the market.
         ●      Includes market driving and restraining factors.
         ●      Participants profiles along with product description, overview, and business data.
         ●      Include details of five years of forecast analysis by types, regions, and applications.

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Key Developments in the UAV Market:

         ●      November 2017: Microdrones GMBH announced its partnership with the company Navigation Electronics Inc. (NEI). This partnership will help Microdrones company to provide UAV quadcopter in the Southeastern US, for surveying and mapping process. The partnership will further enable Microdrones to integrate their UAVs for the surveying and mapping process, which will be carried out by the GIS professionals

         ●      October 2017:BAE Systems and Cranfield University developed dual-mode UAVs for armed forces

         ●      September 2017: AeroVironment delivered M1/M2/M5-compatible Raven and Puma unmanned aircraft systems (UAS) to two DoD customers

         ●      July 2017: BAE Systems Australia got a USD 30 million contact from Royal Australian Navy (RAN) to upgrade maritime satellite communications terminals in four years

Reasons to Purchase this Report


         ●      The report analyses how the regulations regarding UAVs will impact global UAV market
         ●      Analyzing various perspectives of the market with the help of Porter’s five forces analysis
         ●      Identify the latest developments, market shares, and strategies employed by the major market players
         ●      3-month analyst support, along with the Market Estimate sheet (in Excel)

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Finally, the report Global UAV Market 2020 describes the UAV industry expansion game plan, the UAV industry knowledge supply, appendix, analysis findings, and the conclusion.

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