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Global Unmanned Aerial Vehicle (UAV) Market

Global Unmanned Aerial Vehicle (UAV) Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2021-2031

Global Unmanned Aerial Vehicle (UAV) Market: Overview

Products in the global unmanned aerial vehicle (UAV) market are remotely operated or piloted aerial vehicles that play an important role in the commercial as well as defence sectors. These UAVs are more commonly known and referred to as ‘drones’ and are widely used in various types of military and defence missions including, most notably, border surveillance. Some of the major end user industry verticals that use the products in the global unmanned aerial vehicle (UAV) market include defence and security, logistics and transportation, construction and mining, insurance, academic research, agriculture, energy and power, media and entertainment, and wildlife and forestry, among others.

Global Unmanned Aerial Vehicle (UAV) Market: Major Trends and Drivers

The demand in the global unmanned aerial vehicle (UAV) market is expected to rise in the coming few years owing to rapid adoption as well as integration of latest technologies such as artificial intelligence, cloud computing, and sense and avoid systems in these UAVs. Integration of AI technologies in the products in the global unmanned aerial vehicle (UAV) market has not just enhanced their flight and security capabilities but has also enabled them to function and complete activities such as easy take off, data capture, data analysis, navigation, and data transmission without the need for human intervention.

Rising usage of drones in various commercial applications in also likely to emerge as an important driver for the global unmanned aerial vehicle (UAV) market in coming years. The drones from the global unmanned aerial vehicle (UAV) market were historically used for majorly border security operations. Commercial applications for the products in the global unmanned aerial vehicle (UAV) market include product delivery and transportation as well as aerial photography applications. These, along with rising affordability of commercial photography drones is expected to foster the development in the global unmanned aerial vehicle (UAV) market in coming years.

Global Unmanned Aerial Vehicle (UAV) Market: Key Players and Manufacturers

The professional survey report on the global unmanned aerial vehicle (UAV) market provides insights related to the competitive landscape of the industry along with information about top incumbent players in the global unmanned aerial vehicle (UAV) market. It also offers important data pertaining to financial trajectory of these players over the historic years. Few of the major and leading players operational within the global unmanned aerial vehicle (UAV) market include Nortthrop Grumman Corporation, Parrot, Israel Aerospace Industries Ltd., AeroVironment, Inc., general Atomics, EHang, Precision Hawk, DJI Technology Co.., Ltd., and Lockheed Martin Corporation, among others. Several major and leading players in the global unmanned aerial vehicle (UAV) market are offering specialized UAVs for government, defence, commercial, and civil sectors. The players in the global unmanned aerial vehicle (UAV) market are also focused on diversifying as well as strengthening their distribution networks in all regions of the world.

Global Unmanned Aerial Vehicle (UAV) Market: Regional Assessment

The business intelligence study sheds light on the regional landscape of the industry and reveals critical information regarding important regional unmanned aerial vehicle (UAV) markets along with their stakes, status, and scope during the forecast period. It also provides comprehensive analysis of significant segments as well as main participants in the global unmanned aerial vehicle (UAV) market. Key regions covered in the professional intelligence survey on the global unmanned aerial vehicle (UAV) market include Europe, Asia Pacific, North America, Middle East and Africa, and Latin America. Geographically, the Asia Pacific region is expected to expand at a stellar rate in coming years owing to rising demand for UAVs from developing economies in the region such as India. Rising usage of drones in commercial applications is one of the most essential factors for the development of the global unmanned aerial vehicle (UAV) market in Asia Pacific in coming years.

Global Unmanned Aerial Vehicle (UAV) Market

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