Global UAVs Market to Gain Fast Traction in the Offing, States GMD in Its Research Study Available at MarketPublishers.com24 Nov 2016 • by Natalie Aster
LONDON – The global UAVs market is poised to gain traction registering a CAGR of close to 20% over the next decade. The main drivers of this market comprise the soaring demand for drones and drone-generated data in commercial applications along with fast-paced technology advances in drones. Also, in certain countries, the rules for the operation of drones in the national airspace have been relaxed.
Commercial drones are set to hold the biggest market share in the years to come. With respect to components, sensors, which are used as payloads in UAVs for many military and commercial applications, are projected to grow at the fastest rate over the analysis period.
Geography-wise, the North American market for commercial drones is likely to grow exponentially due to the release of the Part 107 rule by the FAA of the USA in August 2016. UAVs have been widely used by the USA in strikes against terrorist groups in Libya, Syria, and Iraq. The use of UAVs in Canada has been extended to various environments and risk-generating roles like atmospheric research comprising weather and atmospheric gas sampling and oceanographic research, etc.
The report also includes current competitive scenario and the predicted developing trend, and profiles 67 drone vendors including market leaders and important emerging players.
New market research report “UAVs/Drones Market 2016-2025: Worldwide Analysis, Risk Assessment, Trend Outlook and Business Strategy” developed by Grace Market Data (GMD) is aimed at examining the military and commercial drones market globally.
The study sheds light on the market structure, growth driving factors, limiters and challenges, emerging market trends and opportunities, Porter’s fiver forces analysis, M&A universe and trends relating to fundraising. Moreover, it assesses the risks associated with investing in the world UAVs market. The report quantifies the worldwide drones market in every aspect of the classification from the viewpoint of UAV subsystem, drone application, UAV type, and geographic region. The study analyses the competitive landscape and profiles 67 drone vendors comprising market leaders and key emerging players. A forecasted developing trend of the sector is outlined in the study as well.
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