Unmanned Aerial Vehicle (UAV) Market to 2025 – Global Analysis and Forecasts by Component (Hardware (Camera and Sensors) and Software); by Type
The Insight Partners: Rising military fund for adoption of advanced technologies will raise UAV Market by 2025 with a CAGR of 18.4%.
(EMAILWIRE.COM, February 22, 2019 )
The “UAV Market to 2025 by Component (Hardware (Camera and Sensors) and Software); by Type (Fixed Wing, Multi Rotor, Single Rotor, and Hybrid) and Application (Military & Defense, Retail, Media & Entertainment, Personal, Agriculture, Industrial, Law Enforcement, and Construction) – Global Analysis and Forecast” The scope of study involves understanding on the factors responsible for this growth of UAV along with the estimates and forecasts of the revenue and market share analysis and also spots the significant UAV players in the market and their key developments.
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UAV Market to 2025 – Global Analysis and Forecast by Component, Type and Application, UAV market is expected to grow US$ 51.85 billion by 2025 from US$ 11.45 billion in 2016. The government of various economies worldwide are increasing their military expenditure on UAVs. According to a report published by the center for the study of the drone at Bard College in 2017, the US DoD is planning to spend US$ 6.97 Bn on UAVs and related technology in 2018. This would increase the country’s military UAV spending by 21% in 2018. As per the defense budget document, it is analyzed that the US DoD plans to invest 90% more than it has projected in 2013.
Furthermore, the countries are Asia Pacific region are increasing their defense budget. With the increasing defense budgets, the countries are planning to invest significantly on the deployment of UAV technology. For instance, in 2015, Taiwan introduced the prototype of the country’s largest military UAV. Further in 2017, Singapore offered UAVs and urban warfare training facilities for supporting Philippines combat against militants in Marawi. In July, 2017, China instigated the production of CH-5 Rainbow UAV, which is projected as a competitor to the US UAV MQ-9 Reaper that is capable to attack targets on the ground. Also, the country is trying to fill the military UAV sales gap with Israel, which is the top exporter of military UAVs accounting over 50% share of military UAV exports. Also, US has approved to sell military UAVs to India. Such developments are anticipated to boost the market growth for UAVs in the APAC region.
The global UAV Market by geography is segmented into five region including, North America, Europe, Asia Pacific, Middle East & Africa and South America. Currently, the UAV market is experiencing a high growth in APAC region. The developing economies in the region particularly, China is investing heavily to implement UAV technology into their military forces as well as in various other commercial applications. Also, UAV technology is highly adopted by Japan’s agricultural sector. Government of various economies
Inquiry for Discount at: http://bit.ly/2TY0O9y
The “UAV Market to 2025 by Component (Hardware (Camera and Sensors) and Software); by Type (Fixed Wing, Multi Rotor, Single Rotor, and Hybrid) and Application (Military & Defense, Retail, Media & Entertainment, Personal, Agriculture, Industrial, Law Enforcement, and Construction) – Global Analysis and Forecast” The scope of study involves understanding on the factors responsible for this growth of UAV along with the estimates and forecasts of the revenue and market share analysis and also spots the significant UAV players in the market and their key developments.
Get sample PDF Copy at: http://bit.ly/2U3aoaW
UAV Market to 2025 – Global Analysis and Forecast by Component, Type and Application, UAV market is expected to grow US$ 51.85 billion by 2025 from US$ 11.45 billion in 2016. The government of various economies worldwide are increasing their military expenditure on UAVs. According to a report published by the center for the study of the drone at Bard College in 2017, the US DoD is planning to spend US$ 6.97 Bn on UAVs and related technology in 2018. This would increase the country’s military UAV spending by 21% in 2018. As per the defense budget document, it is analyzed that the US DoD plans to invest 90% more than it has projected in 2013.
Furthermore, the countries are Asia Pacific region are increasing their defense budget. With the increasing defense budgets, the countries are planning to invest significantly on the deployment of UAV technology. For instance, in 2015, Taiwan introduced the prototype of the country’s largest military UAV. Further in 2017, Singapore offered UAVs and urban warfare training facilities for supporting Philippines combat against militants in Marawi. In July, 2017, China instigated the production of CH-5 Rainbow UAV, which is projected as a competitor to the US UAV MQ-9 Reaper that is capable to attack targets on the ground. Also, the country is trying to fill the military UAV sales gap with Israel, which is the top exporter of military UAVs accounting over 50% share of military UAV exports. Also, US has approved to sell military UAVs to India. Such developments are anticipated to boost the market growth for UAVs in the APAC region.
The global UAV Market by geography is segmented into five region including, North America, Europe, Asia Pacific, Middle East & Africa and South America. Currently, the UAV market is experiencing a high growth in APAC region. The developing economies in the region particularly, China is investing heavily to implement UAV technology into their military forces as well as in various other commercial applications. Also, UAV technology is highly adopted by Japan’s agricultural sector. Government of various economies
Inquiry for Discount at: http://bit.ly/2TY0O9y
Contact Information:
The Insight Partners
Sameer Joshi
Tel: +1-646-491-9876
Email us
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The Insight Partners
Sameer Joshi
Tel: +1-646-491-9876
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results