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.
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