Unmanned Aerial Vehicle (UAV) Market worth 52.30 Billion USD by 2025. - PowerPoint PPT Presentation

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Unmanned Aerial Vehicle (UAV) Market worth 52.30 Billion USD by 2025.

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The UAV market is estimated to be USD 20.71 Billion in 2018 and is projected to reach USD 52.30 Billion by 2025, at a CAGR of 14.15% from 2018 to 2025. – PowerPoint PPT presentation

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Title: Unmanned Aerial Vehicle (UAV) Market worth 52.30 Billion USD by 2025.


1
Unmanned Aerial Vehicle (UAV) Market worth 52.30
Billion USD by 2025.
According to the new market research report
"Unmanned Aerial Vehicle (UAV) Market by
Application (ISR, Precision Agriculture, Product
Delivery), Class (Tactical, MALE, HALE, UCAV),
System (Avionics, Sensors, Payload), MTOW,
Range, Type, and Region - Global Forecast to
2025". The UAV market is estimated to be
USD 20.71 Billion in 2018 and is projected
to reach USD 52.30 Billion by 2025, at a CAGR
of 14.15 from 2018 to 2025. Browse 127 tables
and 71 figures spread through 264 pages and
in-depth TOC on "Unmanned Aerial Vehicle (UAV)
Market - Global Forecast to 2025" https//www.mar
ketsandmarkets.com/Market-Reports/unmanned-aerial-
vehicles-uav-market-662.html The increasing use
of unmanned aerial vehicles in civil commercial
and military applications is one of the most
significant factors expected to drive the growth
of the UAV market. Improvements in flight control
systems, owing to the development of sense and
avoid technology, are expected to fuel the
growth of the UAV market. The civil commercial
application segment of the UAV market is
projected to grow at the highest CAGR during the
forecast period. Based on application, the civil
commercial application segment of the UAV
market is projected to grow at the highest CAGR
from 2018 to 2025. This growth can be attributed
to the increased adoption of UAVs for various
civil commercial applications, such as
inspection, monitoring, surveying, mapping, and
remote sensing. Properties of UAVs such as
superior
2
endurance, high efficiency, and low operating
costs have fueled the use of UAVs in civil
commercial applications. Based on range, the
Visual Line of Sight (VLOS) segment is projected
to grow at the highest CAGR during the forecast
period. Based on range, the Visual Line of Sight
(VLOS) segment of the UAV market is projected to
grow at the highest growth during the forecast
period. Small UAVs falls under the VLOS category
and are primarily used in civil commercial
applications. Relaxation of restrictions imposed
on the commercial use of UAVs is expected to
drive the growth of the market for VLOS
UAVs. Based on mode of operation, the
semi-autonomous UAVs segment is estimated to
lead the UAV market in 2018. Based on mode of
operation, the semi-autonomous UAVs segment is
estimated to lead the UAV market in 2018. The
growth of the semi- autonomous UAVs segment can
be attributed to the advantages associated with
semi-autonomous UAVs that include limited human
intervention and pre-programmed features that
aid in their smooth operations. Asia Pacific is
projected to be the fastest-growing market for
UAVs during the forecast period. The UAV market
in the Asia Pacific region is projected to grow
at the highest CAGR during the forecast period.
This growth can be attributed to the high demand
for UAVs from the commercial and military sectors
of countries, such as China, India, and Japan.
The military budgets of the above- mentioned
countries are increasing on a yearly basis, which
has subsequently led to the adoption of military
UAVs, as they assist in the collection of
battlefield data. Key players operating in the
UAV market include General Atomics (US),
Northrop Grumman (US), Boeing (US), DJI (China),
Parrot (France), Lockheed Martin (US), Textron
(US), 3D Robotics (US), and Israel Aerospace
Industries (Israel).
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