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)
(PRWEB) November 13, 2014
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.
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.
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