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London, UK (PRWEB) February 09, 2015
Military spending cuts across the world’s major spending nations such as the USA, Germany, the UK and France, among others, have resulted in the cancellation and continuous delays of different unmanned aerial vehicle (UAV) projects. This trend has an adverse impact on the development of the overall UAV industry. In 2010, for instance, the US army put off the upgrade of its Shadow RQ-7B aircraft with a view of cutting costs. High accident rates for drones on the back of system failure or poor weather conditions also restrain the UAV deployment for a variety of battle missions. The world UAV market is poised to see growth at a 5.66% CAGR through to 2025, led by North America and Europe. The sector is set to be driven by the rising threat of asymmetric warfare and the surging need for situational awareness, ISR missions, complex solutions and interoperability amid military strategists.
The worldwide UAV industry is highly fragmented owing to the presence of scores of entrenched manufacturers and a good deal of small and medium-sized (SMEs) enterprises. However, a lot of these established players acquire small-sized UAV manufacturers having niche capabilities to improve their individual technological capabilities and boost their product portfolios. For example, as of 2013, Selex Galileo acquired the Italian technology company UTRI (Unmanned Technology Research Institute).
In-demand report “The Global UAV Market 2015-2025” elaborated by Strategic Defence Intelligence (SDI) has been recently published at MarketPublishers.com.
Report Details:
Title: The Global UAV Market 2015-2025
Published: January, 2015
Pages: 218
Price: US$ 4,800.00
http://marketpublishers.com/report/industry/defence-security/global-uav-market-2013-2023.html
The research report gives an unprejudiced analysis of the worldwide UAV market, containing historical and forecast market values. It uncovers information on the major demand drivers and the propulsive force of market growth, latest industry development trends in tandem with key challenges being faced by the anchor companies. SWOT analysis of the UAV market is available, too. The report delves into the key regional markets, provides details on the spending patterns and modernisation plans across various regions, provides an analysis of the competition in the global market alongside a discussion of the leading players, with coverage of their strategic initiatives, important alliances, and financials.
Reasons to Buy:
- Gain access to the data on the industry developments and challenges.
- Get deep insights into technological advancments of the UAV market.
- Receive a granular analysis of the fluctuating preferences of the defence ministries from pole to pole.
- Use authoritative data and in-depth analysis of the key markets in different regions.
- Identify the major UAV industry segments that are likely to propell growth in various regions.
- Gain keen insights into the major trends of the ever-changing industry structure.
- Point out the top challenges confronted by the market players.
More in-demand studies by the publisher can be found at SDI page.