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UAV Drones Market worth 5.59 Billion USD by 2020
According to a new market research report “UAV Drones Market by Type (Fixed Wing, Rotary Blade, Nano, Hybrid), Application (Law Enforcement, Precision Agriculture, Media and Entertainment, Retail), & Geography (Americas, Europe, APAC, RoW) - Analysis & Forecast to 2020”, the global UAV drones market is expected to reach USD 5.59 Billion by 2020, at an estimated CAGR of 32.22% between 2015 and 2020.
Browse 68 tables and 38 figures spread through 120 pages and in-depth TOC on "UAV Drones Market - Analysis & Forecast to 2020"
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Small unmanned aerial vehicles are now being used prominently in the various commercial applications. The main reason behind the growth of UAV drones market in the commercial sector is the relaxacation in the regulatory policies for the use of drones. Though the regulatory environment is not completely eradicated, the relaxations offered are driving the UAV drones market to a certain extent. The various commercial sectors such as media and entertainment, inspection, surveying, and precision agriculture are contributing prominently to the demand of UAV drones.
The report comprises detailed segmentation of the UAV drones market into its sub-segments. The UAV drones has been catogarized by type which includes drones such as fixed wing, rotary blade, nano, and hybrid. Among all the drones types, rotary balde drones are widely used in the commercial sector. The market for rotary blade drones was valued at USD 663.4 million, as of 2014.
The report also covers the key application sectors of the UAV drones market, which include law enforcement/public safety, precision agriculture, media and entertainment, retail, inspection/monitoring, surveying/mapping, hobbyist and DIY, and education. Among all, the market for the precision agriculture application is expected to grow at the highest CAGR of 42.25% between 2015 and 2020.
The UAV drones market for different geographic regions including the Americas, Europe, Asia-Pacific, and the Rest of the World (RoW) has also been covered in the report. The Americas comprised the largest market size for commercial drones as of 2014, and the APAC market is expected to grow at the highest CAGR of 37.74% between 2015 and 2020 among all the regions.
The report profiles the major players in the UAV drones market. The market has been witnessing a series of new product launch announcements and partnerships across the value chain. The UAV drones market is dominated by the key players such as DJI (China), Parrot S.A. (France), 3D Robotics Inc. (U.S.), PrecisionHawk (U.S.) among others.
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