HOME Top Market Reports Drones Market by Type (Fixed Wing, VTOL, STUAS, MALE, HALE, UCAS ), Payload (Up to 25 Kg, Up to 150 Kg, Up to 600 Kg, Above 600 Kg), Application (Precision Agriculture, Retail, Media & Entertainment), Component, and Geography - Global Forecast to 2022

Drones Market by Type (Fixed Wing, VTOL, STUAS, MALE, HALE, UCAS ), Payload (Up to 25 Kg, Up to 150 Kg, Up to 600 Kg, Above 600 Kg), Application (Precision Agriculture, Retail, Media & Entertainment), Component, and Geography - Global Forecast to 2022

By: marketsandmarkets.com
Publishing Date: October 2016
Report Code: SE 3099

 

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The global UAV drones market is expected to increase to USD 21.23 Billion by 2022, at a CAGR of 19.99% between 2016 and 2022. This report provides a detailed analysis of the market based on type, payload, component, application, and geography. The enhanced capabilities of drones to fight terrorism and the increasing demand for drones in commercial applications are driving the growth of the UAV drones market around the globe.

Years considered for this report

2015: Base Year
2016: Estimated year
2022: Forecast year
2016–2022: Forecast Period

The objectives of the report are:

  • To define, describe, and forecast the global UAV drones market on the basis of type, payload, component, application, and geography
  • To forecast the market size in terms of value for various segments with regard to four main regions, namely, North America, Europe, Asia-Pacific, and RoW
  • To provide detailed information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)
  • To study the value chain and analyze the impact of Porter’s five forces on the market
  • To analyze the micro markets with respect to the individual growth trends, future prospects, and contribution to the total market

The research methodology used to estimate and forecast the UAV drones market begins with capturing data on key vendor revenue through secondary sources such as Association for Unmanned Vehicle Systems International and The European UAV Systems Centre, among others. The vendor offerings are also taken into consideration to determine the market segmentation. A combination of top-down and bottom-up procedures has been employed to arrive at the overall size of the global UAV drones market from the revenues of key players in the market. After arriving at the overall market size, the total market has been split into several segments and subsegments which have been verified through the primary research by conducting extensive interviews of people holding key positions such as CEOs, VPs, directors, and executives. The market breakdown and data triangulation procedures have been employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. The breakdown of the profiles of primaries is depicted in the figure below:

UAV Drones Market

To know about the assumptions considered for the study, download the pdf brochure

This report provides valuable insights regarding the ecosystem of this market such as component suppliers, drone manufacturers, distributors, and consumers, among others. The ecosystem of the UAV drones market consists of the UAV component suppliers who supply components such as frames, controller systems, propulsion systems, camera systems, navigation systems, and batteries, among others. Some of the UAV component suppliers include Airware (U.S.), Drone Deploy (U.S.), FLIR Systems, Inc. (U.S.), Northwest UAV (U.S.), and NovAtel Inc. (Canada), among others. Some of the UAV manufacturers include DJI (China), 3D Robotics (U.S.), Thales group (France), and BAE Systems Plc. (U.K.), among others. Some of the drone distributors include Drone SmartX (U.S.), Multicopter Warehouse (U.S.), and WYNIT Distribution, LLC (U.S.) among others. The consumers include Google, Inc. (U.S.), Amazon, DHL (Germany), and U.S. Department of Defense, among others.

Key Target Audience:

  • Original equipment manufacturers (OEMs)
  • OEM technology solution providers
  • Research institutes
  • Market research and consulting firms
  • Forums, alliances, and associations
  • Technology investors
  • Governments and financial institutions
  • Analysts and strategic business planners
  • End users who want to know more about the technology and the latest technological developments in the industry

The study answers several questions for the stakeholders, primarily, which market segments to focus on in the next two to five years (depends on the range of forecast period) for prioritizing the efforts and investments.

Report Scope:

In this report, the UAV market has been segmented into the following categories in addition to the industry trends which have also been detailed below:

  • Market, by Type:
    • Commercial Drones
      • Fixed Wing Drones
      • VTOL Drones
        • Rotary Blade Drones
        • Nano Drones
        • Hybrid Drones
    • Military Drones
      • Small Tactical Unmanned Aircraft Systems (STUAS)
      • Medium Altitude Long Endurance (MALE) UAVs
      • High Altitude Long Endurance (HALE) UAVs
      • Unmanned Combat Air Systems (UCAS)
  • Market, by Payload:
    • Commercial Drones (Up to 25 Kg)
    • Military Drones
      • Up to 150 Kg
      • Up to 600 Kg
      • Above 600 Kg
  • Market, by Component:
    • Camera
    • Battery
    • Propulsion System
    • Sensors
    • Navigation System
    • Others (Transmitter, Range Extender, Frame)
  • Market, by Application:
    • Commercial Drones
      • Law Enforcement
      • Precision Agriculture
      • Media and Entertainment
      • Retail
      • Inspection and Monitoring
      • Surveying and Mapping
      • Do it Yourself (DIY) Drones
      • Education
    • Military Drones
      • Spying
      • Search and Rescue Operations
      • Border Security
      • Combat Operations
  • Market, by Geography:
    • North America:
      • U.S.
      • Canada
      • Mexico
    • Europe:
      • U.K.
      • Germany
      • France
      • Italy
      • Spain
      • Rest of Europe
    • Asia-Pacific:
      • China
      • Japan
      • India
      • Rest of APAC
    • Rest of the World:
      • South America
      • Middle East and Africa
    • Competitive Landscape
    • Company Profiles: Detailed analysis of the major companies present in the UAV Drones market.

Available Customizations:

With the given market data, MarketsandMarkets offers customizations according the company’s specific needs. The following customization options are available for the report:

Product Analysis

  • Product matrix which gives a detailed comparison of product portfolio of each company

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Table of Contents

1 Introduction (Page No. - 15)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Study Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered for the Study
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 18)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Breakdown of Primaries
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Market Breakdown & Data Triangulation
    2.4 Research Assumptions

3 Executive Summary (Page No. - 26)

4 Premium Insight (Page No. - 32)
    4.1 Attractive Market Opportunities in the UAV Drones Market
    4.2 UAV Drones Market: Major Countries
    4.3 UAV Drones Market: Segment-Wise Market Share, 2015
    4.4 UAV Drones Market Comparison (2015)
    4.5 UAV Drones Market, By Payload, 2016 vs 2022

5 Market Overview (Page No. - 36)
    5.1 Evolution of the Commercial Drones Technology
    5.2 Market Segmentation
           5.2.1 By Type
           5.2.2 By Payload
           5.2.3 By Component
           5.2.4 By Application
           5.2.5 By Geography
    5.3 Market Dynamics
           5.3.1 Drivers
                    5.3.1.1 Growing Demand for Drone-Generated Data in Commercial Applications
                    5.3.1.2 Enhanced Capabilities of UAVs to Fight Terrorism and Increasing Demand From Commercial Applications
                    5.3.1.3 Rapid Technological Advancements
           5.3.2 Restraints
                    5.3.2.1 Social Issues Such as Privacy & Nuisance Concerns
           5.3.3 Opportunities
                    5.3.3.1 High Adoption of Drones By the Developing Economies for Military Applications
                    5.3.3.2 Increase in the Number of Exemptions for the Use of UAV Drones in Commercial Applications By the Release of Part 107 Rule By FAA in U.S.
           5.3.4 Challenges
                    5.3.4.1 to Develop Advanced, Reliable, and Highly Automated Commercial Drones
                    5.3.4.2 Air Traffic Management for Safe Drone Operations

6 Industry Trends (Page No. - 48)
    6.1 Value Chain Analysis
    6.2 Porters Five Force Analysis
           6.2.1 Threat of New Entrants
           6.2.2 Threat of Substitutes
           6.2.3 Bargaining Power of Suppliers
           6.2.4 Bargaining Power of the Buyers
           6.2.5 Intensity of Competitive Rivalry

7 UAV Drones Market, By Type (Page No. - 57)
    7.1 Introduction
    7.2 Commercial Drones
           7.2.1 Fixed-Wing Drones
           7.2.2 VTOL Drones
                    7.2.2.1 Rotary Blade Drones
                    7.2.2.2 Nano Drones
                    7.2.2.3 Hybrid Drones
    7.3 Military Drones
           7.3.1 Small Tactical Unmanned Aircraft Systems (Stuas)
           7.3.2 Medium-Altitude Long-Endurance (Male) UAVs
           7.3.3 High Altitude Long Endurance (Hale) UAVs
           7.3.4 Unmanned Combat Air Systems (UCAS)

8 UAV Drones Market, By Payload (Page No. - 76)
    8.1 Introduction
    8.2 Commercial Drones (Up to 25kg)
    8.3 Military Drones
           8.3.1 Up to 150 Kg
           8.3.2 Up to 600 Kg
           8.3.3 Above 600 Kg

9 UAV Drones Market, By Component (Page No. - 80)
    9.1 Introduction
    9.2 Camera System
           9.2.1 Multispectral Camera
           9.2.2 Thermal Camera
           9.2.3 Lidar Camera
           9.2.4 High Resolution Camera
    9.3 Battery
    9.4 Propulsion System
    9.5 Sensor
           9.5.1 Motion Sensors
           9.5.2 Light Sensors
           9.5.3 Proximity Sensors
           9.5.4 Temperature Sensors
           9.5.5 Position Sensors
           9.5.6 Others
    9.6 Navigation System
           9.6.1 Global Positioning System (GPS)
           9.6.2 Geographic Information System (GIS)
    9.7 Others

10 UAV Drones Market, By Application (Page No. - 88)
     10.1 Introduction
     10.2 Commercial Drones
             10.2.1 Precision Agriculture
             10.2.2 Law Enforcement
             10.2.3 Media and Entertainment
             10.2.4 Retail
             10.2.5 Inspection and Monitoring
                        10.2.5.1 Oil and Gas
                        10.2.5.2 Power Plants
                        10.2.5.3 Public Infrastructure
             10.2.6 Surveying and Mapping
             10.2.7 Diy Drones (Do-It-Yourself)
             10.2.8 Education
     10.3 Military Drones
             10.3.1 Spying
             10.3.2 Search and Rescue Operations
             10.3.3 Border Security
             10.3.4 Combat Operations

11 UAV Drones Market, By Geography (Page No. - 100)
     11.1 Introduction
     11.2 North America
             11.2.1 U.S.
                        11.2.1.1 Regulations for Commercial Drones in U.S.
             11.2.2 Canada
                        11.2.2.1 Regulations for Commercial Drones in Canada
             11.2.3 Mexico
                        11.2.3.1 Regulations for Commercial Drones in Mexico
     11.3 Europe
             11.3.1 U.K.
                        11.3.1.1 Regulations for Commercial Drones in U.K.
             11.3.2 Germany
                        11.3.2.1 Regulations for Commercial Drones in Germany
             11.3.3 France
                        11.3.3.1 Regulations for Commercial Drones in France
             11.3.4 Italy
                        11.3.4.1 Regulations for Commercial Drones in Italy
             11.3.5 Spain
                        11.3.5.1 Regulations for Commercial Drones in Spain
             11.3.6 Rest of Europe
     11.4 Asia-Pacific
             11.4.1 China
                        11.4.1.1 Regulations for Commercial Drones in China
             11.4.2 Japan
                        11.4.2.1 Regulations for Commercial Drones in Japan
             11.4.3 India
                        11.4.3.1 Regulations for Commercial Drones in India
             11.4.4 Rest of APAC
     11.5 RoW
             11.5.1 South America
                        11.5.1.1 Regulations for Commercial Drones in Chile
             11.5.2 Middle East
                        11.5.2.1 Regulations for Commercial Drones in South Africa

12 Competitive Landscape (Page No. - 125)
     12.1 Overview
     12.2 Market Ranking Analysis
     12.3 Competitive Situations and Trends
             12.3.1 New Product Launches
             12.3.2 Partnerships, Collaborations and Joint Ventures
             12.3.3 Contracts and Agreements
             12.3.4 Mergers & Acquisitions
             12.3.5 Expansions

13 Company Profiles (Page No. - 140)
     13.1 Introduction
(Business Overview, Products & Services, Key Insights, Recent Developments, SWOT Analysis, Ratio Analysis, MnM View)*
     13.2 Northrop Grumman Corp.
     13.3 Thales SA
     13.4 Lockheed Martin Corp.
     13.5 Aerovironment, Inc.
     13.6 DJI
     13.7 3DR
     13.8 Parrot SA
     13.9 Precisionhawk
     13.10 Elbit Systems Ltd.
     13.11 Israel Aerospace Industries Ltd.
     13.12 BAE Systems PLC
     13.13 Leonardo SPA 
     13.14 Flir Systems, Inc.
     13.15 Dronedeploy

*Details on Business Overview, Products & Services, Key Insights, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies.

14 Appendix (Page No. - 182)
     14.1 Discussion Guide
     14.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
     14.3 Introducing RT: Real Time Market Intelligence
     14.4 Available Customizations
     14.5 Related Reports


List of Tables (76 Tables)

Table 1 Market Segmentation: By Type
Table 2 Market Segmentation: By Payload
Table 3 Market Segmentation: By Component
Table 4 Market Segmentation: By Application
Table 5 Rapid Technological Advancements to Drive the UAV Drones Market
Table 6 Social Issues Such as Privacy and Nuisance Concerns is A Restraining Factor for the UAV Drones Market
Table 7 High Adoption of Drones By the Developing Economies for the Military Applications and Ease of Use for the Commercial Drones By the Release of Part 107 Rule By the FAA in Us are Opportunities for the UAV Drones Market
Table 8 Development of Advanced, Reliable, and Highly Automated Commercial Drones Poses as A Major Challenge for the UAV Drones Market
Table 9 UAV Drones Market Size, 2014–2022 (USD Million)
Table 10 UAV Drones Market Size, 2014–2022 (Units)
Table 11 Commercial UAV Drones Market Size, By Type, 2014–2022 (USD Million)
Table 12 Commercial UAV Drones Market Size, By Type, 2014–2022 (Units)
Table 13 Fixed-Wing Commercial UAV Drones Market Size, By Application, 2014–2022 (USD Million)
Table 14 Fixed-Wing Commercial UAV Drones Market Size, By Region, 2014–2022 (USD Million)
Table 15 North America: Fixed-Wing UAV Drones Market Size, By Country, 2014–2022 (USD Million)
Table 16 Europe: Fixed-Wing UAV Drones Market Size, By Country, 2014–2022 (USD Million)
Table 17 APAC: Fixed Wing UAV Drones Market Size, By Country, 2014–2022 (USD Million)
Table 18 RoW: Fixed-Wing UAV Drones Market Size, By Region, 2014–2022 (USD Million)
Table 19 VTOL Commercial UAV Drones Market Size, By Type, 2014–2022 (USD Million)
Table 20 VTOL Commercial UAV Drones Market Size, By Type, 2014–2022 (Units)
Table 21 VTOL Commercial UAV Drones Market Size, By Region, 2014–2022 (USD Million)
Table 22 North America: VTOL Commercial UAV Drones Market Size, By Country, 2014–2022 (USD Million)
Table 23 Europe: VTOL Commercial UAV Drones Market Size, By Country, 2014–2022 (USD Million)
Table 24 APAC: VTOL Commercial UAV Drones Market Size, By Country, 2014–2022 (USD Million)
Table 25 RoW: VTOL Commercial UAV Drones Market Size, By Region, 2014–2022 (USD Million)
Table 26 Rotary Blade Commercial UAV Drones Market Size, By Application, 2014–2022 (USD Million)
Table 27 Nano Commercial UAV Drones Market Size, By Application, 2014–2022 (USD Million)
Table 28 Hybrid Commercial UAV Drones Market Size, By Application, 2014–2022 (USD Million)
Table 29 Military UAV Drones Market Size, By Region, 2014–2022 (USD Million)
Table 30 North America: Military UAV Drones Market Size, By Country, 2014–2022 (USD Million)
Table 31 Europe: Military UAV Drones Market Size, By Country, 2014–2022 (USD Million)
Table 32 APAC: Military UAV Drones Market Size, By Country, 2014–2022 (USD Million)
Table 33 RoW: Military UAV Drones Market Size, By Region, 2014–2022 (USD Million)
Table 34 Military UAV Drones Market Size, By Payload, 2014–2022 (USD Million)
Table 35 UAV Drones Market Size, By Component, 2014–2022 (USD Million)
Table 36 Commercial UAV Drones Market Size, By Application, 2014–2022 (USD Million)
Table 37 Military UAV Drones Market Size, By Application, 2014–2022 (USD Million)
Table 38 Commercial UAV Drones Market Size for Precision Agriculture, By Type, 2014–2022 (USD Million)
Table 39 Commercial UAV Drones Market Size for Law Enforcement, By Type, 2014–2022 (USD Million)
Table 40 Commercial UAV Drones Market Size for Media and Entertainment, By Type, 2014–2022 (USD Million)
Table 41 Commercial UAV Drones Market Size for Retail, By Type, 2014–2022 (USD Million)
Table 42 Commercial UAV Drones Market Size for Inspection and Monitoring, By Type, 2014–2022 (USD Million)
Table 43 Commercial UAV Drones Market Size Surveying and Mapping, By Type, 2014–2022 (USD Million)
Table 44 Commercial UAV Drones Market Size for Diy, By Type, 2014–2022 (USD Million)
Table 45 Commercial UAV Drones Market Size for Education, By Type, 2014–2022 (USD Million)
Table 46 UAV Drones Market Size, By Region, 2014–2022 (USD Million)
Table 47 UAV Drones Market Size North America, By Country, 2014–2022 (USD Million)
Table 48 UAV Drones Market Size in North America, By Type, 2014–2022 (USD Million)
Table 49 UAV Drones Market Size in U.S., By Type, 2016-2022 (USD Million)
Table 50 Canadian UAV Drones Market Size, By Type, 2014–2022 (USD Million)
Table 51 UAV Drones Market Size in Mexico, By Type, 2014–2022 (USD Million)
Table 52 UAV Drones Market Size in Europe, By Country, 2014–2022 (USD Million)
Table 53 UAV Drones Market Size in Europe, By Type, 2014–2022 (USD Million)
Table 54 UAV Drones Market Size in U.K., By Type, 2014–2022 (USD Million)
Table 55 UAV Drones Market Size in Germany, By Type, 2014–2022 (USD Million)
Table 56 UAV Drones Market Size in France, By Type, 2014–2022 (USD Million)
Table 57 UAV Drones Market Size in Italy, By Type, 2014–2022 (USD Million)
Table 58 UAV Drones Market Size in Spain, By Type, 2014–2022 (USD Million)
Table 59 Rest of Europe UAV Drones Market Size, By Type, 2014–2022 (USD Million)
Table 60 UAV Drones Market Size in APAC, By Country, 2014–2022 (USD Million)
Table 61 UAV Drones Market Size in APAC, By Type, 2014–2022 (USD Million)
Table 62 UAV Drones Market Size in China, By Type, 2014–2022 (USD Million)
Table 63 UAV Drones Market Size in Japan, By Type, 2014–2022 (USD Million)
Table 64 UAV Drones Market Size in India, By Type, 2014–2022 (USD Million)
Table 65 UAV Drones Market Size in Rest of APAC, By Type, 2014–2022 (USD Million)
Table 66 UAV Drones Market Size in RoW, By Region, 2014–2022 (USD Million)
Table 67 UAV Drones Market Size in RoW, By Type, 2014–2022 (USD Million)
Table 68 UAV Drones Market Size in South America, By Type, 2014–2022 (USD Million)
Table 69 UAV Drones Market Size in Middle East and Africa, By Type, 2014–2022 (USD Million)
Table 70 Military Drones Market Ranking, 2015
Table 71 Commercial Drones Market Ranking, 2015
Table 72 New Product Launches, 2014–2016
Table 73 Partnerships, Collaborations and Joint Ventures, 2014–2016
Table 74 Contracts and Agreements, 2014–2016
Table 75 Mergers & Acquisitions, 2014–2016
Table 76 Expansions, 2014–2016


List of Figures (57 Figures)

Figure 1 UAV Drones: Markets Covered
Figure 2 UAV Drones Market : Research Design
Figure 3 UAV Drones Market: Bottom-Up Approach
Figure 4 UAV Drones Market: Top-Down Approach
Figure 5 Data Triangulation
Figure 6 UAV Drones Market Snapshot, By Type (2016 vs 2022): Commercial Drones to Witness the Highest Growth During the Forecast Period
Figure 7 Precision Agriculture Application for Commercial Drones to Grow at the Highest Rate During the Forecast Period
Figure 8 Military Drones for Payload Up to 600 Kg to Grow at the Highest Rate During the Forecast Period
Figure 9 Camera Component to Hold the Largest Share of the Market During the Forecast Period
Figure 10 North America Held the Largest Share of the UAV Drones Market in 2015
Figure 11 Significant Growth Opportunities Due to Increase in the Number of Exemptions for the Use of UAV in the Commercial Applications
Figure 12 U.S. Held the Largest Share of the UAV Drones Market in 2015
Figure 13 Camera Component Held A Major Share of the UAV Drones Market in 2015
Figure 14 Commercial UAV Drones Market: By Type vs By Application
Figure 15 Market for Military Drones Up to 600 Kg to Grow at the Highest Rate During the Forecast Period
Figure 16 Road Map for the Drones Technology
Figure 17 Market Segmentation, By Geography
Figure 18 Enhanced Capabilities of Drones to Fight Terrorism and Usage in Various Commercial Applications Drive the UAV Drones Market
Figure 19 UAV Drones Market: Value Chain Analysis
Figure 20 UAV Drones Market: Porter’s Five Forces Analysis
Figure 21 Porter’s Five Forces Analysis:
Figure 22 Threat of New Entrants Expected to Have A Medium Impact on the Market
Figure 23 Threat of Substitutes Expected to Have A Low Impact on the Market
Figure 24 Bargaining Power of Suppliers Expected to Have A Low Impact on the Market
Figure 25 Bargaining Power of Buyers Expected to Have A Medium Impact on the Market
Figure 26 Intensity of Competitive Rivalry Expected to Have A High Impact on the Market
Figure 27 Commercial Drones Expected to Hold the Largest Size of the UAV Drones Market By 2022
Figure 28 VTOL Drones Expected to Hold Lead the Commercial UAV Drones Market During the Forecast Period
Figure 29 Market for Commercial Hybrid UAV Drones Expected to Grow at the Highest Rate During the Forecast Period
Figure 30 Military Drones Up to 150 Kg Expected to Hold the Largest Size of the UAV Drones Market During the Forecast Period
Figure 31 UAV Drones Market for Sensors Expected to Grow at the Highest Rate During the Forecast Period
Figure 32 Precision Agriculture Applications Expected to Occupy A Prominent Share of the UAV Drones Market During the Forecast Period
Figure 33 UAV Drones Market in APAC to Grow at the Highest Rate During the Forecast Period
Figure 34 North America UAV Drones Market Snapshot:2016
Figure 35 Europe UAV Drones Market Snapshot
Figure 36 APAC UAV Drones Market Snapshot
Figure 37 Organic and Inorganic Strategies Adopted By Companies in the UAV Drones Market
Figure 38 UAV Drones Market has Witnessed A Significant Growth Between 2014 and 2016
Figure 39 Battle for Market Share: New Product Launches Was the Key Strategy
Figure 40 Geography Revenue Mix
Figure 41 Northrop Grumman Corp.: Company Snapshot
Figure 42 Northrop Grumman Corp.: SWOT Analysis
Figure 43 Thales SA : Company Snapshot
Figure 44 Thales SA: SWOT Analysis
Figure 45 Lockheed Martin Corp.: Company Snapshot
Figure 46 Lockheed Martin Corp.: SWOT Analysis
Figure 47 Aerovironment, Inc.: Company Snapshot
Figure 48 Aerovironment, Inc.: SWOT Analysis
Figure 49 DJI: SWOT Analysis
Figure 50 3DR: SWOT Analysis
Figure 51 Parrot SA: Company Snapshot
Figure 52 Parrot SA: SWOT Analysis
Figure 53 Elbit Systems Ltd.: Company Snapshot
Figure 54 Israel Aerospace Industries Ltd.: Company Snapshot
Figure 55 BAE Systems PLC.: Company Snapshot
Figure 56 Leonardo Spa: Company Snapshot
Figure 57 Flir Systems, Inc.: Company Snapshot

The global UAV drones market size is expected to increase to USD 21.23 Billion by 2022, at a CAGR of 19.99% between 2016 and 2022. The drivers for this market are rapid technological advancements in drones, growing demand for drone-generated data in commercial applications, increasing demand for drones in commercial applications, and rapid technological advancements in drones.

Among all the major applications of the commercial drones, the media and entertainment market for drones is expected to hold the largest share in 2016. The main driver for the growth of this application is the increase in the use of UAV drones by professionals to record videos and capture high-resolution pictures. The market for precision agriculture is expected to grow at the highest CAGR during the forecast period.

Of all the major applications of military drones, the border security market for drones is expected to hold the largest share in 2016. Drones help in capturing images and videos of smugglers and undocumented immigrants crossing borders. Predator drones can silently patrol borders looking for infiltrants, illegal immigrants, human traffickers, and drug cartels in isolate areas. The market for spying application is expected to grow at the highest CAGR during the forecast period.

The military drones are expected to hold the largest market share in 2016. Military drones are being used successfully by defense agencies across the globe to guard their borders, enforce law, and for combat missions. Commercial drones are expected to hold the largest market share by 2022 and grow at the highest CAGR during the forecast period. This growth is attributed to the rising demand for drones and drone-generated data in commercial applications. Also, in some countries the rules for operating drones in the national airspace have been relaxed.
The camera component is expected to hold the major share of the market during the forecast period. Camera systems are used in UAVs for round-the-clock video monitoring, investigation, remote surveillance, border security, and protection of critical infrastructure, among others. The market for sensors is expected to grow at the highest CAGR between 2016 and 2022.

The market for military drones by payload up to 150 kg is expected to hold the largest share during the forecast period as they have simple operational and maintenance procedures with high tactical capabilities. They are versatile and can carry out a variety of missions such as mountain search and rescue, illegal traffic monitoring, support to ground forces, and intelligence missions, among others. The market for military drones by payload up to 600 kg is expected to grow at the highest CAGR during the forecast period.

In terms of the different geographic regions, North America is expected to hold the largest market share in 2016. UAVs have been extensively used by the U.S.in strikes against terrorist outfits in Syria, Libya, and Iraq. In Canada, UAVs have been used in diverse environments and high-risk roles such as atmospheric research including weather and atmospheric gas sampling and oceanographic research, among others. The APAC market is expected to grow at the highest rate between 2016 and 2022.

UAV Drones Market

Drones are being widely used for the collection of data. In this process, sometimes, data including confidential or sensitive information about private property or private behaviour may be collected. Thus, social issues such as privacy and nuisance are a restraining factor for this market.

The key players in the UAV drones market include Lockheed Martin Corporation (U.S.), Northrop Grumman Corporation (U.S.), Aerovironment, Inc. (U.S.), Elbit systems Ltd. (Israel), Israel Aerospace Industries Ltd. (Israel), BAE Systems Plc (U.K.), Thales SA (France), Leonardo SpA (Italy), and DJI (China), among others. The leading companies such as DJI (China) and Northrop Grumman Corporation (U.S.) have adopted the organic strategy of new product launches to boost the revenue of the company.

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