Unmanned Aerial Vehicle (UAV) Market Size, Share, Demand, Trend, Key Players DJI, 3DR, Yuneec, Parrot SA, Textron, Northrop Grumman and Insitu

Global Analysis and Forecast?, the UAV Market is estimated to reach US$ 51.85 billion by 2025 from US$ 11.45 billion in 2016. The report include key understanding on the driving factors of this growth and also highlights the prominent players in the market and their developments.

The use of UAVs by the government agencies such as fire departments, police, emergency services etc. is constantly increasing. This could be used for various purpose including, search & rescue, crime scene analysis, traffic collision, reconstruction, surveillance, and crowd monitoring among others. Several countries are already using UAVs for law enforcement for instance, in 2016, the European Emergency Number Association and DJI started a project to train first responders in Europe. Also, New Whales police department has started using UAVs to fight against crime; Singapore police deployed UAV; as well as Boston police also bought several UAVs in 2017. Moreover, DJI partnered with the Menlo Park Fire Protection District to implement UAVs for emergency missions. Also in December 2017, LA Fire Department used UAVs while Skirball fire. The New York City Fire Department have also implemented UAVs in their operations. As on 2016, over 340 government departments were working with UAVs in US, which included majority of police departments. Recently, in January 2018, the US Police announced to deploy 18 UAVs statewide.

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The global UAV market for the application is fragmented into Military & Defense, Retail, Media & Entertainment, Personal, Agriculture, Industrial, Law Enforcement, and Construction among others. The segmentation is based upon the adoption of UAV by different end-user industries for increased ROI. The military & defense application is the leading adopter of UAV. However, the law enforcement segment is also experiencing a high growth with its increased adoption of UAVs for varied application such as monitoring crime and search and rescue operations. Further, with the rise in adoption of UAVs by the construction industries for mapping and inspection, several companies are expanding their construction segment portfolio of UAVs. For instance, Airware acquired Redbird, a UAV software provider to Architecture, Engineering & Construction companies to further increase its presence in the construction sector.

The investments in UAV technology noticed a shift from hardware to software. Players in the market are more focused in providing comprehensive UAV solutions that demands new software systems. This brought companies seeking for advancements in technologies, techniques for chip manufacturing, and economies to scale to reduce the cost of UAV platforms and sensors. Some of the key players in the global UAV market includes General Atomics, DJI, 3DR, Yuneec, Parrot SA, Textron, Northrop Grumman and Insitu among others.

The report segments the global UAV market as follows:

Global UAV Market- By Component

Hardware
Camera
Sensors
Others
Software

Global UAV Market- By Type

Fixed-Wing
Multi-Rotor
Single-Rotor
Hybrid

Global UAV Market- By Geography

North America
US
Canada
Mexico

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– Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it

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Posted by on Tuesday August 20 2019, 5:16 AM EST. All trademarks acknowledged. Filed under Aerospace, Aerospace & Defence, Defence, Featured Press Release. Comments and Trackbacks closed. Follow responses: RSS 2.0

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