Unmanned Aerial Vehicle Market is accounted for $10.25 billion in 2015 and is expected to reach $17.41 billion by 2022

PUNE, INDIA, November 16, 2016 /EINPresswire.com/ -- Global Unmanned Aerial Vehicle Market is accounted for $10.25 billion in 2015 and is expected to reach $17.41 billion by 2022 growing at a CAGR of 7.9% during the forecast period. Growing demand of UAVS for non-military applications and lessened risks associated with the use of unmanned aerial vehicle are the major factors fueling the market growth. On the other hand, strict airspace regulations and lack of track record usage are inhibiting the market. Implementation of sense & avoid systems in UAVS is the major opportunity for vendors in unmanned aerial vehicle market.

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Air traffic management and social issues such as privacy & nuisance concern are the major challenges faced by the players in unmanned aerial vehicle market. North America is anticipated to hold the largest share in the unmanned aerial vehicle in 2015. Owing to rising investments in commercial and defense applications in the U.K. and Russia, Europe is anticipated to observe a strong growth.

Some of the key players in the market include BASF SE, Textron Inc., Northrop Grumman Corporation, Textron Inc., The Boeing Company, AeroVironment Inc., Safran SA, Honeycomb Corp, Lockheed Martin Corporation, Aviation Industry Corporation, Aeronautics Ltd, GA-ASI, Thales Group, Elbit Systems Ltd and SAAB AB.

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Payload Covered:
• Cameras
• Laser Sensors
• Communication Intelligence
• Electro-Optic/Infrared Sensor (Eo/IR)
• Maritime Patrol Radar (MPR)
• Electronic Warfare (EW)
• Signal Intelligence (Sigint)
• Inertial Navigation System (INS)
• Electronic Intelligence (ELINT)
• Optronics
• Synthetic Aperture Radar (SAR)
• Cbrn Sensors
• Others
End-Use Verticals Covered:
• Traffic Monitoring
• Precision Agriculture
o Soil Erosion
o Vigor Mapping
o Crop Harvesting & Fertilizer Management
o Frost Mitigation
• Civil & Commercial
o Hurricane Tracking
o Atmospheric Research
o Strom Tracking
o Film Production
o Agriculture
o Photography
o Transmission Line Inspection
o Oil & Gas Sector
o Mapping & Surveying
o Product Delivery
• Military
o Maritime and Naval Security
§ Transshipment Convoy Monitoring
§ Port Inspection
o Homeland Security
§ Firefighting & Disaster Emergency Communications
§ Hostage Negotiations
§ Community-Based Rehabilitation (CBR) Monitoring
§ Nuclear Facility Monitoring
§ Special Weapons and Tactics (SWAT)
o Border Security
§ Cross-Border Immigration
§ Border Patrol
§ Perimeter Surveillance
• Others
o Climate & Pollution Monitoring
o Wild Life Conservation

UAV by type of Class Covered:
• Tactical UAV
• Special Purpose UAV
• Small UAV
• Vtol UAV
• Strategic UAV

Subsystems Covered:
• UAV Sub-Station Components
o Launch Systems
o Ground Control Stations
o Antenna Tracking Systems
o Data Telemetry
o Auto Landing Recovery
o Simulators Training Centers
o Autopilot Navigation
• UAV Device Components
o UAV Engines
o Airframes
o Sense systems
o Detectors
o Spectrometers and Spectrophotometers
o Imaging Data Centres

Purposes Covered:
• Research, Development, Testing, and Evaluation (RDT&E)
• Operation and Maintenance (O&M)
• Procurement

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o Rest of Asia Pacific
• Rest of the World
o Middle East
o Brazil
o Argentina
o South Africa
o Egypt

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- Market share assessments for the regional and country level segments
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- Strategic recommendations for the new entrants
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- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
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