According to research firm Verified Market Research, the global UAV Drones market was valued at USD 13.93 billion in 2017 and is projected to reach USD 49.37 billion by 2025, growing at a CAGR of 17.22% from 2018 to 2025.
UAV drones, or unmanned aerial vehicles, are aircrafts that do not reuire a human pilot aboard it in order to control its flight. The unmanned aircraft system consists of the unmanned ariel vehicle itself, the controller, that is often ground based, and a form of communication that exist between the two. There are several applications of the UAV market such as in surveying and mapping, precision agriculture, media and entertainment, military drone applications and many more. With the increase in the advancement technology the UAV drone market is growing.
In the report, the market outlook section mainly encompasses fundamental dynamics of the market which include drivers, restraints, opportunities and challenges faced by the industry. Drivers and Restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market.
Factors such as the UAV drones efficiency in capturing pictures and videos are enabling the use of the drone in a more personal as well as commercial capacity, which is driving the growth of the overall UAV drone market. Factors such as the price of the UAV drone as well as the lack of awareness about the technology is restraining the growth of the market.
Verified Market Intelligence narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements which interests the client. The “UAV Drones” is mainly bifurcated into sub-segments which can provide a classified data regarding latest trends in the market.
The “UAV Drones” study report will provide a valuable insight with an emphasis on global market including some of the major players such as
Aerovironment, Thales, Lockheed Martin, 3DR, Boeing, Northrop Grumman, DJI, General Atomics Aeronautical Systems (GA-ASI), Parrot, Precisionhawk and Textron. Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above mentioned players globally.
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