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.
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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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