UAV Market (Class (Small, Tactical, Strategic, Special Purpose) Worth $10,573 Million by 2020 – New Report by MarketsandMarkets

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The revise of industry value chain and supply chain analysis has been incorporated to determine the role of a variety of stakeholders and key influencers in influencing the unmanned aerial vehicle market growth.



Companies such as Lockheed Martin (U.S.), The Boeing Company (U.S.), BAE Systems Plc (U.K.), Textron (U.S.), Aeronautics Ltd. (Israel), Safran SA (France), SAAB AB (Sweden), Thales Group (France), TAI Inc. (Turkey)

The report "UAV Market by Subsystem (Data Link, GCS, Software), Application (Military, Commercial, Homeland Security), funding (Procurements, RDT&E, O&M) & by Payload - Forecast & Analysis to 2014 - 2020", defines and segments the uav market into various sub-segments with an in-depth analysis and forecasting of revenues.

The UAV market is projected to be $6,762 million in 2014 and is expected to register a CAGR of 7.73%, to reach $10,573 million by 2020. The major challenges face by the UAV market is due to air traffic management, and lack of regulatory policies and procedural issues.

Industrial advancements in UAVs along with their success in combat situations and the rising demand for non-defense applications is expected to drive the UAV market, in the future. The technological efficiency of the UAVs which enables them to execute various applications in defense and commercial sectors is expected to put in to the growth of the UAV market, globally.

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The marketplace is segmented by class, by sub-systems, by payloads, by application, by region, and by country. The competitive analysis includes the market share of companies in the UAV market. The report includes analysis of impact of drivers and chains country-wise, and region-wise to give a better insight into the UAV market. Technology and industry trends have also been highlighted, which would offer competitive market intelligence to utilize the business opportunities.

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GA-ASI (U.S.), Northrop Grumman Corporation (U.S.), Elbit Systems Ltd (Israel), IAI Ltd. (Israel), and AeroVironment Inc.(U.S.) are the key players for the UGVs, globally and account for more than 57% of the total market share. Companies such as Lockheed Martin (U.S.), The Boeing Company (U.S.), BAE Systems Plc (U.K.), Textron (U.S.), Aeronautics Ltd. (Israel), Safran SA (France), SAAB AB (Sweden), Thales Group (France), TAI Inc. (Turkey), and Aviation Industry Corporation of China are other prominent players in the unmanned aerial vehicle market.

Browse Related Reports
Small UAV Market by Application (Military, Commercial & Civil, Homeland Security), by Payloads, by Propulsion System, by Geography - Market Forecast & Analysis to 2014 - 2019

Unmanned Underwater Vehicles Market by Product (Autonomous Underwater Vehicle, Remotely Operated Vehicle), Application (Defense, Oil and Gas, Scientific Research), Region & Country - Global Trends & Forecasts to 2014 - 2019

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MarketsandMarkets is world's No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical info graphics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

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