Emerging and Declining Markets in the Global UAV Industry
Albany, NewYork (PRWEB) February 05, 2015 -- This research report provides key insights about the global unmanned aerial vehicle (UAV) market with market forecasts for 10 years. According to the report, the global UAV market will grow at a CAGR of 5.66% during the forecast period of 2015 to 2025.
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According to the report, North America and Europe will emerge as the largest UAV regional markets with a cumulative market share of over 67 percent. In addition, the UCAV segment will dominate the global UAV market with an overall share of 34 percent. The trends which will drive the global UAV market include: Asymmetric warfare and the accelerating need for ISR missions, interoperability, integrated solutions, and situational awareness amongst military strategists.
Unmanned aerial vehicle systems have been providing effective services for many years. However, recent innovation in power, computing, and material technologies are fueling a rapid upward growth in the capabilities of unmanned systems and application development. According to the Canadian Center for Unmanned Vehicle Systems (CCUVS), the spending for UAVs will nearly double during the next decade. The spending will grow from the current expenditure of US$5.9 billion to the anticipated figure of US$11.3 billion annually. In addition, the annual totals are expected to reach over US$94 billion by 2025, according to a study by the Association for Unmanned Vehicle Systems International.
The report provides a detailed analysis of these drivers along with the market size. It also delivers a snapshot of the spending patterns and updated patterns present in different regions worldwide. The prime restraints and challenges to the global UAV market are also covered in this report. A detailed evaluation of the shifting preferences of defense ministries around the world is available in the report. In addition, the report elaborates on the trends of the changing global UAV industry structure and several challenges faced by industry participants.
The global UAV report segments the UAV market according to different regions and provides an analysis of the key segment demand in each region. Moreover, a competitive landscape with strategic insights is presented in the report. In addition, major anticipated programs worldwide within the UAV industry are listed in the report. Tools such as SWOT analysis have been used in the report to analyze the industry characteristics by determining the strengths, weakness, opportunities, and threats of the UAV industry.
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Overall, this report gives the user a thorough fact-based evaluation of the industry with information about the various UAV segments in several regions of the world. In addition, detailed profiles of the key UAV manufacturers and their service providers are available in the report to give a total competitive landscape overview of the sector.
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