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Explore Global Unmanned Aerial Vehicle (UAV) Market Size & Share 2020 Insights and Industry Forecast to 2030


iCrowdNewswire   Jan 9, 2021  7:00 PM ET

Product overview

Unmanned aerial vehicles also considered being drones that can be used without a human pilot onboard as aircraft systems. They are often used in manned aircraft risky missions. The autonomy of a ground operator or board computer is provided via remote control. They are an important component of modern warfare. Some equipment can carry missiles and reach the target with great precision. In monitoring and rescue operations, drones are also used. Smaller aircraft were used to gather information about the hostile locations before a mission. These devices are suitable for supplying food and water in areas affected by natural disasters, including floods and earthquakes.

Market Highlights

Fatpos Global anticipates the Unmanned Aerial Vehicle (UAV) market to surpass USD XX Billion by 2030, which is valued at XX billion in 2019 at a compound annual growth rate of XX%.

One of the key factors in the growth of the UAV market is the rise in the global procurement of military UAVs by defense forces. Another factor contributing to the growth of the UAV market is the growing use of UAVs in diverse commercial applications such as tracking, surveying and mapping, precision farming, aerial television sensing, and product distribution.

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Global Unmanned Aerial Vehicle (UAV) Market: Segments

Global market has been segmented on the basis of Range, application, class. It has been further segmented on the basis of region into North America, Europe, Asia-Pacific, Mid East, and Africa.

By Range (in %), Global Unmanned Aerial Vehicle (UAV) Market, 2019

In 2019, beyond the line of sight (BLOS) segment of the UAV market dominated the market and accounted for XX% of the global market.

Global Unmanned Aerial Vehicle (UAV) market is segmented by Range into beyond light of sight (BLOS), visual line of sight (VLOS) and extended visual line of sight (EVLOS)

This growth was anticipated due to the increase in the usage of commercial and consumer applications.

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The commercial segment of the UAV market is anticipated to grow at the highest CAGR from 2019 to 2030

Global Unmanned Aerial Vehicle (UAV) market is segmented by application into the military, commercial, government & law enforcement, and consumer.

The increased use of UAVs in various commercial applications, including product distribution, supervision, surveying, mapping, and remote sensing, may attribute to this growth.

By Class (in %), Global Unmanned Aerial Vehicle (UAV) Market, 2019

The small UAVs segment is expected to grow at the highest CAGR of XX% during 2019-2030

Global Unmanned Aerial Vehicle (UAV) market is segmented by class into small UAVs, strategic & tactical UAVs, and special-purpose UAVs

The advent of a rise in demand of the UAVs from defense services for surveillance. As these UAVs are used in precision agriculture, logistics & transportation, animal surveys, search and rescue services, firefighting, law enforcement, photography, and disaster management, the demand for small-scale commercial UAVs is also continuously rising.

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Global Unmanned Aerial Vehicle (UAV) Market: Drivers and Restraints

Drivers

The growing use of military and commercial applications of unmanned aerial vehicles is a significant factor in driving the world market’s demand. The growing acceptance and preference for modern warfare technologies without endangering human life in dangerous military operations is the reason for the rising demand for unmanned aerial vehicles.

The growing use of drones for border controls also drive the growth of the global Arial vehicle market. The growth of the drones market for aerial vehicles is also driven by rising preference in the law enforcement sector as a result of increasing terrorist attacks and regional unrest. The use of UAVs for search and rescue operations and the use of drones in the agriculture sector in the event of natural disasters are expected to drive world market growth.

Restraints

Government restrictions on the use of UAV and the lack of air traffic control legislation will impede growth in the global unmanned aerial vehicle market (UAV). The usage of aircraft is regulated for commercial purposes by the Federal Aviation Administration ( FAA). A license is required and flying regulations need to be followed for the correct functioning of air traffic, failure to which can lead to serious civil penalties.

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About Us:

Fatpos Global stands for “Failures Are The Pillar Of Success”. We are a rapidly-growing global management consulting, advisory and market research services provider that aims to aid businesses with bold decisions that help them embrace change for their sustainable growth. With the help of our experts and industry veterans and their years of expertise across different industry verticals, we aid businesses with solutions that help in their efficient decision making and Developing executable strategies.



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