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Global UAV Market Anticipated to Reach $21.47 Billion by 2021NEW YORK, Jan. 23, 2018 /PRNewswire/ -- Global UAV Market Anticipated to Reach $21.47 Billion by 2021 The large UAVs have been classified into strategic, tactical and special purpose UAVs • The report also provides a detailed study of the components used in UAVs. Major components analyzed in the study include camera, sensors, high speed data communication system, inertial navigation system and Micro-Electro Mechanical System Attitude and Heading Reference System (MEMS AHRS), autopilots, electronic warfare system, and sense and avoid system among others • In this report, various end-users for the uses of UAV have also been studied. The end-users include commercial and non-commercial. • The commercial sector is further classified into agriculture, hobbyist, transport, infrastructure, media & entertainment, oil & gas, insurance, telecommunication, and mining • The non-commercial sector is further sub-segmented into military and homeland security • The report also highlights different applications of UAVs under military and homeland security end-user. Military end-user have been classified into ISR and combat targeting. Further, homeland security end-user has been classified into border security & surveillance, police investigation, traffic monitoring, search & rescue, and disaster management, among others • The UAV market has been analyzed for all the geographies including North America, Europe, Asia-Pacific, and Rest of the World with further analysis with respect to several major countries • The key market players are analyzed and profiled in detail in the Company Profiles section of the report. This section covers the business financials, company snapshots, key products & services, major developments, and finally, the individual SWOT analysis. Executive Summary The first working Unmanned Aerial Vehicle (UAV) was developed in the 20th century and ever since there have been several significant technological developments such as reduction in weight, improved battery life and increased degree of autonomy in its operation. With the improving technical capabilities, UAVs have witnessed wider adoption for diverse range of applications across commercial and non-commercial end-users. An Unmanned Aerial Vehicle (UAV) can be defined as an aircraft system that can be controlled using a remote or an on-board computer system. UAVs are a part of Unmanned Aerial System (UAS) that consists of UAV, a controller on ground and a communication system between UAV and controller. UAVs are extensively used across commercial and non-commercial end-users. Some of the prime factors behind the rise in the demand of UAVs for commercial and hobbyist applications are their declining price, compact size and improved performance. UAVs are increasingly being adopted across commercial end-users such as agriculture, oil & gas, mining, media and entertainment, among others. The demand for UAVs is swiftly increasing among different end-users across the globe. The market is driven by number of factors such as rise in their demand across commercial and non-commercial end-users, various consumer-centric technological developments and declining prices, among others. The UAV market accounted for a market value of $8.02 billion in 2016 with small UAVs holding the highest share. Small UAVs hold a large share of revenue in the UAV market. The high share of small UAVs is mainly attributed to their wide range of applications across commercial and non-commercial end-users, low cost and rise in their demand across different geographies. The large UAVs are only used across non-commercial end-users. North America is expected to dominate the market during the forecast period which is followed by Asia Pacific, Europe, and Rest of the world. The U.S. is the leading country in the UAVs market and it is one of the prominent exporters of UAVs after Israel. The country is home to several UAV manufacturers for both commercial as well as non-commercial end-users. Asia Pacific is expected to grow at the highest CAGR with China dominating the market in this region. Some of the key players in the UAV market include: Aerovironment, Inc., Airbus Group, BAE Systems, CybAero AB, DJI Innovations, Elbit Systems Ltd., General Atomics, Israel Aerospace Industries Limited, Lockheed Martin Corporation, Northrop Grumman, Parrot SA, SAAB Group, 3D Robotics, Thales Group, and The Boeing Company. Countries Covered • North America • Europe • Asia Pacific • Rest of the World Read the full report: https://www.reportlinker.com/p05292523 About Reportlinker ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place. __________________________ Contact Clare: [email protected] US: (339)-368-6001 Intl: +1 339-368-6001
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