World Airborne Surveillance Market to Reach USD 5.81 Bn by 2023, Expects M&M in Its New Report Recently Uploaded at MarketPublishers.com
08 Jan 2018 • by Natalie Aster
LONDON – In 2017, the value of the world’s airborne surveillance market reached USD 4.42 billion; it is predicted to increase at a 4.7% CAGR through to 2023 to climb to USD 5.81 billion. Some of the key market growth engines comprise robust technological progress, expanding penetration of IoT technologies, favourable regulation norms, enhancing demand for UAVs in commercial application and also increasing availability of low-cost UAVs, amid others. However, the airborne surveillance market growth could be considerably hampered by certain concerns associated with air traffic management.
Amid various product types, the unmanned systems sector is poised for the highest growth rate during 2018-2023; this is majorly attributed to remarkable technological advancements, lower costs and also favourable governmental initiatives in various countries.
Regionally, the highest CAGR is expected in the APAC airborne surveillance market. Japan, China, India and South Korea are the major contributors to the APAC airborne surveillance market growth.
The new research report “Airborne Surveillance Market by Type, Product Type, Application, and Geography - Global Forecast to 2023” drawn up by MarketsandMarkets gives in-depth insights into the current scenario in the global airborne surveillance market, touches upon the historical background of this market as well as outlines future growth prospects up till 2023. It also uncovers important market data (historical, present and forecast), describes the market dynamics with a close look at the major market growth hampering and driving forces, points out the emerging market growth challenges and opportunities, canvasses the currently prevailing and future possible market development trends, etc. Besides, this study contains a profound assessment of the market segmentation, evaluates the market shares and uncovers growth rates. Moreover, this publication delves deep into the competitive scene and also includes comprehensive profiles of the dominant players. In addition, detailed future forecast up to 2023 are at hand in this report.
For a full collection of the publisher’s research reports follow the M&M online catalogue at MarketPublishers.com.