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UAV Market by Application Estimated to Reach $10,573 Million by 2020 Finds MarketsAndMarkets - 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
UAV Market by Application Estimated to Reach $10,573 Million by 2020 Finds MarketsAndMarkets

 

NewswireToday - /newswire/ - Dallas, TX, United States, 2015/03/16 - 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.

   
 
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The report "UAV Market by Class (Small, Tactical, Strategic, Special Purpose), Subsystem (Data Link, GCS, Software), Application (Military, Commercial, Homeland Security), funding (Procurements, RDT&E, O&M) & by Payload - Forecast & Analysis to 2014 - 2020", the UAV market is estimated 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 faced by the UAV market are due to air traffic management, and lack of regulatory policies and procedural issues.

Browse 89 market data tables with 114 figures spread through 232 pages and in-depth TOC on "UAV Market - Forecast & Analysis to 2014 - 2020"

The study of industry value chain and supply chain analysis has been incorporated to determine the role of various stakeholders and key influencers in influencing the unmanned aerial vehicle market growth. Porter’s FiveForcesmodelhas been applied to understand the implications of the competitors, new entrants, substitutes, and the influence of suppliers and buyers on the UAV market. The report also highlights the industry trends and strategic bench marking.

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.

Strict airspace regulations, lack of skilled and trained pilots, and defense budget cuts in the North American and European regions restrict the UAV market growth. The increasing demand for autonomy and better operational efficiency would drive the growth of UAV market.

The market is segmented byclass, 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 restraints country-wise, and region-wise to give a better insight into the UAV market. Technology and industry trends have also been highlighted, which would provide competitive market intelligence to utilize the business opportunities.

About MarketsandMarkets

MarketsandMarkets (marketsandmarkets.com) 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 infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

 
 
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UAV Market by Application Estimated to Reach $10,573 Million by 2020 Finds MarketsAndMarkets

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