Tuesday 3 April 2018

Unmanned Aerial Vehicle (UAV) Market 2022 by Top Key Players, Geographical Regions and Applications


Worldwide Unmanned Aerial Vehicle (UAV) Market is segmented on the basis of class as strategic UAV, small UAV, tactical UAV, and special purpose UAV. A specific aircraft that is devoid of a human pilot on the board is known as an unmanned aerial vehicle. The vehicle is also popularly known as a drone. It is said to be an essential element of an unmanned aircraft system. Other than that, the system also encompasses a ground-based controller, as well as a system of communications.


The key factors that are playing a major role in raising the share of the market include rise in the research and development activities, augmented demand from military and defense sectors, and huge acceptance of miniaturized UAVs in inspection related activities. Unmanned Aerial Vehicle (UAV) Market is segmented on the basis of size as heavy UAVs, micro, and miniature. Unmanned Aerial Vehicle (UAV) Market is segmented on the basis of energy source includes hydrogen cell, fuel cell, lithium ion battery, hybrid cell, and solar cell.

As far as the geographical region is concerned, North America is lately leading the market and it is simultaneously accounting for the largest share in the market, the reason being rise in the industrialization, augmented applications across various sectors, mounting investments by leading manufacturers, developing economies, and emergence of huge market opportunities in the particular region. It is estimated that the region will go on growing with the same pace until the next couple of years. In contrast, Europe and Asia-Pacific are also coming up as one of the promising regions. The key players operating in the Unmanned Aerial Vehicle (UAV) Market entails PLC, DJI, Israel Aerospace Industries, Boeing, Lockheed Martin Corporation, Northrop Grumman, Elbit Systems, Textron, AeroVironment, General Atomics, and BAE Systems.



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