Small UAV Market by Application (Military, Commercial & Civil, Homeland Security) Grow $1.9 Billion by 2020

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MarketsandMarkets Presents
Small UAV Market by Application (Military,
Commercial Civil, Homeland Security) Grow 1.9
Billion by 2020
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According to market research "Small UAV Market by
Application (Military, Commercial Civil,
Homeland Security), by Payloads (EO, LiDAR, Laser
Designator, Meteorological sensors, Cameras,
Telemetry, Autopilot, and NBC detection), by
Propulsion System (Hybrid, Hydrogen cell, Solar,
Lithium-ion battery), by Geography - Market
Forecast and Analysis to 2014 2020" The global
SUAV is expected to register growth with CAGR
of12.31, and reach 1.9billion by the end of
2020. Increase in civil and military applications
remains the driving factors for the global small
UAV market. Browse more than 70 market data
tables with 81 figures spread through 269 pages
and in-depth TOC on "Small UAV Market - Market
Forecast and Analysis to 2014
2020 http//www.marketsandmarkets.com/Market-Rep
orts/small-uav-market-141134567.html

            

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The Small UAV market research report categorizes
the global market on the basis of application,
payload, propulsion system, and geography for the
forecast period from 2013 to 2020. The
application segment of SUAV categorizes in to
military, commercial civil, and homeland
security applications. The report highlights the
market size and the market share for these
applications, of which military application
contributes maximum share whereas, commercial
civil application have highest growth rate. Due
to terrorist attacks, the UAV spending across the
globe, has gained critical importance. The multi
usage of micro and mini UAVs in various
applications also helps the market increase their
shares. The U.S., Europe, and Israel are the
major players in the small UAV market. Due to
economic downturn, major countries like U.S. and
the U.K. are witnessing economic difficulties.
The U.S. has witnessed budget cuts in the recent
past and it is likely to continue in the near
future. The U.S. has announced the budget cut of
178 billion during 2011-2015. Any budget cut in
these countries could slow down the defense
industry. Despite these facts, the SUAV market is
booming and lot of money is spent on the research
and development of SUAVs.
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The unrest in Asian countries due to terrorist
attacks and political disputes has increased the
SUAV spending. Regions such as North America,
Asia-Pacific, and Europe currently hold the
largest share of SUAVs. However, the Middle
Eastern and African countries have a high
potential of growth in this sector. The
penetration rate of military applications in the
SUAV market is the highest when compared to the
commercial, civil, and homeland security
applications. However, the market of SUAV in the
commercial and civil application is estimated to
overtake the homeland security applications
market by 2020. India, South Korea, China,
Germany, France and Australia are the new growth
regions, due to their developments in mini and
micro UAV segment. Key players like
AeroVironment, SAAB, Israel Aerospace Industries,
and Thales Group are the majorplayers for the
industry.
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