Global Unmanned Aerial Vehicle (UAV) Market is Estimated to Reach $52.3 B
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Global unmanned aerial vehicle (UAV) market report published by Accurize Market Research forecast that the global market is expected to reach $52.3 billion by 2025; growing at a CAGR of 14.2% from 2017 to 2025. By geography, the Asia Pacific and North America are expected to grow at a CAGR of XX% and XX%, respectively, during the forecast period.
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The upsurge in the procurement of military UAVs by defense
forces across the globe to drive the growth of the market
The upsurge in
the procurement of military UAVs by defense forces around the globe fuels the
demand for the global unmanned aerial vehicle (UAV) market. Moreover, a huge
demand for performance& technological development also boosts the growth of
the market.
Market Segmentation
The global
unmanned aerial vehicle (UAV) market has been bifurcated on the basis of UAV
type, application, class, system, mode of operation, range, point of sale,
MTOW, and geography. On the basis of range, the UAV market has been classified
into a visual line of sight (VLOS), extended a visual line of sight (EVLOS) and
beyond the light of sight (BLOS). The application segment is bifurcated into
military, civil & commercial, homeland security, and consumer. Based on
class, the UAV market has been segmented into small UAVs, tactical UAVs,
strategic UAVs, and special purpose UAVs. The system segment is further divided
into UAV platforms by Subsystem, UAV payloads by Type and UAV data links, among
others. The mode of operations segment is further bifurcated into remotely
operated UAVs, semi-autonomous UAVs, and fully-autonomous UAVs. The point of
sale segment is further divided into OEM and aftermarket. MTOW segment is
segregated into 150 kilograms. On the basis of UAV type, the UAV market is
divided into fixed-wing UAVs, multicolor UAVs, single rotor UAVs, and hybrid
VTOL UAVs.
By geography, the ma
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