HOME Research Insight Small UAV Market Forecast - 2020



Small UAV Market Forecast - 2020


The global SUAV market is estimated to reach $1.9 billion by 2020, with commercial application as a highest growth sector.

Advanced miniature communication and payload systems will remain a priority in the years to come because these significantly help in improving the efficiency of the SUAV systems. The benefits of SUAV are reduced cost, no war fighter risk and non-linear increase in performance.

The use of SUAVs for commercial purpose is related to civilian demand, social acceptability and approval from regulatory authority. It greatly helps in reducing carbon dioxide emissions and has great economic impact.

Moreover, the market position of SUAVs in the commercial sector is gaining high traction, owing to a wide range of opportunities in agriculture, wild-life survey, search and rescue, firefighting, law enforcement, photography, film industry, and disaster management among others. However, the biggest barriers to commercialization include legal regulations imposed by governments across all nations.

Recently, various global researches on SUAVs are being conducted in major research institutes. In the U.S., researchers are being funded by government organizations such as Defense Advanced Research Projects Agency (DRAPA), National Aeronautics and Space Administration (NASA), and National Science Foundation (NSF), among others.

In many nations, the defense spending has been reduced. Despite this fact, the use of UAVs is increasing and a lot of developments are happening in the industry. The major concern for SUAVs is the risk of collision with other aircraft and flying objects.

The North American and European SUAV markets are highly fragmented. Intense competition in these regions has forced manufacturers to tap opportunities in the developing nations in the Eastern part of the globe. The conflicts in the Middle East and APAC regions have increased the demand for SUAVs. Technological advancements in commercial application of SUAVs have largely contributed to the rise in demand for UAVs. The civilian use of UAVs will start once the FAA regulation is in place. The U.S. Army also plans to install a new ground-based sense and avoid (GBSAA) network at five installations by 2016.

Related Reports:

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
http://www.marketsandmarkets.com/Market-Reports/small-uav-market-141134567.html

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