The Global UAV Market 2011-2021
23 Aug 2011 • by Natalie Aster
The global UAV market, estimated to value US$XX.XX billion in 2011, is projected to grow at a CAGR of XX.XX% during the forecast period to value US$XX.XX billion in 2021. Demand for UAVs is anticipated to be driven by internal as well external security threats, territorial disputes and modernization initiatives undertaken by armed forces across the world. Cumulatively, the market for UAVs during the forecast period is expected to value US$XX.XX billion. Significant UAV spenders include countries in the North American and European region, and the global UAV market is likely to be dominated by the US throughout the forecast period. Europe’s share of the global UAV market is projected to increase, largely due to the efforts of various European countries to enhance its UAV capabilities. During then forecast period, Asia-Pacific is expected to invest considerably in UAVs, primarily due to a tense security environment within the region.
The report “The Global UAV Market 2011-2021” by iCD Research offers detailed analysis of the global UAV market over the next ten years, and provides extensive market size forecasts by country and sub sector. It covers the key technological and market trends in the UAV market. It further lays out an analysis of the factors influencing the demand for UAVs, and the challenges faced by industry participants.
Category-wise, MALE UAVs are likely to account for the highest proportion of spending in the global UAV market. Demand for MALE UAVs is anticipated to be higher than other categories, largely due to their superior intelligence, surveillance and reconnaissance (ISR) capabilities. Overall, MALE, HALE and TUAV are projected to be three most popular UAV categories during the forecast period.
Report Details:
The Global UAV Market 2011-2021
Published: July, 2011
Pages: 218
Price: US$ 4,800.00
Report Sample Abstract
Global UAV market is estimated at US$91.7 billion during the forecast period
UAVs are the next generation of aerial platforms to be deployed by the defense ministries around the world. Demand for UAVs is fuelled by the successful deployment of these systems in combat operations in Iraq and Afghanistan. These unmanned platforms are used as force multipliers, performing intelligence, surveillance and reconnaissance (ISR) missions, target recognition, damage assessment and electronic warfare, and defense ministries around the world are investing in this capability to reduce troop casualties. Specifically, mini and VTOL UAVs are affordable and capable of performing ISR missions, and demand for these cost-effective UAVs is on the rise in countries with low spending power. The global market for UAVs in 2011 is estimated at US$XX.XX billion and is expected to grow at a CAGR of XX.XX% to reach US$XX.XX billion by 2021. Cumulatively, during the forecast period, the total market for UAVs is estimated to be US$XX.XX billion.
North America constitutes the majority share in the global UAV market
The global UAV market is dominated by North America, with the US being the largest defense spender in the world. Overall, North America is set to spend US$XX.XX billion on UAVs during the forecast period. Europe is enhancing its UAV industry through regular funding and development programs, and is projected to spend an estimated at US$XX.XX billion on UAVs during the forecast period. Asia-Pacific represents the third-largest market, with the total UAV market valued at around US$XX.XX billion in the region, offering a potentially attractive investment opportunity for western firms, followed by the Middle East, Latin America and Africa.
MALE UAVs expected to constitute the largest share of the UAV market during the forecast period
With the capability to operate at medium altitudes for around a day, and provide continuous ISR capability at command level, MALE UAVs are an attractive solution for many armed forces. Their low cost of operation and ability to carry out complex missions, reduce the risk to troops, has made MALE UAVs a weapon of choice, giving them a higher market share than other UAV variants. Countries are forecast to spend around US$XX.XX billion on attaining or strengthening their MALE capabilities during the forecast period, which represents around XX.XX% of the total UAV market. HALE UAVs offer similar advantages to the MALE platform but with an increased payload, giving them multiple-sensor capability and the advantage of carrying out ISR missions at higher altitudes above enemy territory and in the open ocean. While MALE UAVs are used for tactical missions, HALE UAVs are used for strategic missions to monitor targets of interest, and for maritime surveillance. The US is set to spend US$XX.XX billion on HALE UAVs during the forecast period, with global spending forecast at US$XX.XX billion.
More information can be found in the report “The Global UAV Market 2011-2021” by iCD Research.
To order the report or ask for sample pages contact [email protected]
Contacts
MarketPublishers, Ltd.
Tanya Rezler
Tel: +44 208 144 6009
Fax: +44 207 900 3970
Analytics & News
