UAV Market Size with 19% CAGR expectations over the forecast period to reach USD 2 billion in 2023 - PowerPoint PPT Presentation

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UAV Market Size with 19% CAGR expectations over the forecast period to reach USD 2 billion in 2023


UAV/Commercial Drone Market size is forecast to be valued at USD 2.05 billion by 2023; according to a new research report by Global Market Insights, Inc. Growing need for law enforcement activities is anticipated to drive industry demand from 2016 to 2023. These products are effectively and efficiently used for such applications, since they help investigate the crime scene and gather evidence by flying over the area and obtain high quality aerial pictures and video, without disturbing possible evidence. – PowerPoint PPT presentation

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Title: UAV Market Size with 19% CAGR expectations over the forecast period to reach USD 2 billion in 2023

Unmanned Aerial Vehicles Market size likely to
reach USD 2 billion in 2023, growing at a CAGR of
over 19 Global Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
Key Insights from Unmanned Aerial Vehicles Market
  • Rotary blade commercial drone market size was
    valued at over USD 400 million in 2015. Fixed
    position as well as multi directional flying
    features are likely to drive growth, over the
    forecast period.
  • Government applications accounted for over 40 of
    the global commercial UAV market share in 2015
    and are expected to remain dominant owing to
    rising significance in mapping, scientific
    research and rescue missions.
  • U.S. commercial drone market will be driven by
    high demand across end-use areas. Rising emphasis
    on the use of UAVs for agricultural purposes will
    fuel demand in Asia Pacific.
  • Key industry participants include AeroVironment,
    Aurora Flight Sciences, Parrot SA, BAE Systems,
    Challis Heliplane UAV, Denel Dynamics, DJI
    Innovations and Draganfly Innovations. Other
    prominent industry partners are The Boeing
    Company, Lockheed Martin, Northrop Grumman, and
    Prox Dynamics.

North America commercial drone market size, by
application, 2012-2023 (USD Million)


Browse Full Market Research Report On Unmanned
Aerial Vehicles Market _at_ https//www.gminsights.c
commercial-drone-market Request for a Sample
of this Research Report _at_ https//www.gminsights.c
360 Analysis
  • Application Analysis
  • Unmanned Aerial Vehicle (UAV) drone market is
    increasingly being adopted by several end use
    industries. For instance, a mini drone was
    initially deployed to make the package delivery
    in the U.S.
  • Regional Analysis
  • North America, driven by the U.S. commercial
    drone market size is estimated to attain 52 of
    the overall industry share and is likely to reach
    USD 1 billion by 2023.
  • Asia pacific was valued over USD 120 million in
    2015 and is anticipated to reach USD 475 million
    by 2023, growing at a CAGR of over 20 over the
    forecast period. Increasing deployment of drone
    for agricultural purposes is anticipated to fuel
    the demand.
  • Competitive Market Share
  • Global commercial drone market share was captured
    by top three participants, accounted for over 70
    of the overall industry share in 2014. Some of
    the other major manufacturers include
    AeroVironment and DJI Innovations among others.

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