Global Unmanned Aerial Vehicle (UAV) Drones Market Insights: Business Opportunities, Current Trends and Restraints Forecast 2025
Global Unmanned Aerial Vehicle (UAV) Drones Market Expected to Reach XX Million by 2025
According to a new report published by Reports Monitor titled, “Unmanned Aerial Vehicle (UAV) Drones Market By Type & Application: Global Opportunity Analysis and Industry Forecast, 2017–2025,” the unmanned aerial vehicle (UAV) drones market was valued at XX million in 2016, and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2017 to 2025.
Increasing range of civil applications and growing use of UAVs for professional video and photography helps development of UAV market globally. Moreover, drone capabilities have been leveraged by different industry sectors, such as agriculture, real estate, architecture & construction, delivery and media which will improve the UAVs market growth. Increasing use of UAVs in life-threatening military missions, advanced patrolling of marine borders, and UAVs for fight terrorism are the important drivers for UAVs market for military purpose.
However, strict government regulations on the use of commercial drones for security and privacy issues hinder the market growth. Moreover, lack of proper air traffic management for UAVs and lack of skilled & trained persons for operating UAVs are the challenges facing by this market currently.
This report presents a detailed evaluation of unmanned aerial vehicle (UAV) drones, which incorporates current industry situations such as market size, growth and demands, market outlook, major players with their key strategies which include investment, mergers and acquisitions, value chain analysis and porter’s evaluation. It covers the marketplace canvas and the boom opportunities in the coming years. The report has been made with an in-depth analysis along with vital inputs from the various industry professionals. The research is accomplished with both extensive primary and secondary data resources supported with either bottom up or top down approach.
Increase adoption of UAVs in North American region for innovative capturing and discovering of events through filming, video and aerial photography improving the growth of UAVs market. Moreover, supportive government initiatives and increase usage of UAVs for military applications also foster the growth of the market in this region. According to the news, in September, 2017, U.S. military launched six drone strikes against Islamic State positions in Libya which exhibits largest military drone market in North America and followed by Europe and APAC regions.
Key Question Answered:
• What will be the market size in 2025 and at what rate it will grow?
• What trends, barriers, challenges are influencing its growth?
• Who are the major key players in global unmanned aerial vehicle (UAV) drones market and what are their strategies?
• Which vertical industry is expected to show major growth?
• What segment and region will lead the market and why?
The major companies profiled in the report include: Northrop Grumman, DJI, General Atomics Aeronautical Systems, Parrot, Thales, 3DR, Boeing, Precision Hawk, Lockheed Martin, Textron, and AeroVironment.
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