Unmanned Aerial Vehicle (UAV) Market

General Atomics (US) and DJI (China) are Leading Players in the Unmanned Aerial Vehicle (UAV) Market

Unmanned Aerial Vehicles (UAVs) are remotely piloted aerial vehicles that play a significant role in the defense and commercial sectors. The UAV market is estimated at USD 19.3 billion in 2019 and is projected to reach USD 45.8 billion by 2025, at a CAGR of 15.5% from 2019 to 2025. The increasing adoption of UAVs for commercial applications such as product delivery, logistics transportation, and inspection & monitoring, among others, is one of the factors driving the growth of the UAV market. The use of UAVs to carry out advanced patrolling of marine borders is also a significant factor projected to drive the growth of the UAV market. Additionally, the easing of various regulations around the world is resulting in the growth of the commercial UAV market.

General Atomics (US), Northrop Grumman (US), Textron (US), Boeing (US), DJI (China), Parrot (France), 3D Robotics (US), and Aeryon Labs (Canada) are key players operating in the UAV market. These market players are focused on securing contracts to enhance their market presence and widen their customer base. Leading market players are also focused on increasing investments in R&D activities to introduce new products in the UAV market.

eneral Atomics is a key player in the UAV market. The company offers a wide range of UAVs that include tactical, ISR, and combat UAVs. General Atomics designs and manufactures high-performance UAVs for the military sector. The company is focused on acquiring contracts from the US government and signing agreements with other companies in the UAV market to enhance its revenue and strengthen its market position. It also intends to expand its core business by developing new products in the UAV market. The company has excellent R&D capabilities and strong brand image in the UAV market. In May 2017, General Atomics received a contract worth USD 400 million from the US Air Force to develop 36 MQ-9 Reaper UAVs. This development strategy enabled General Atomics to strengthen its strategic position in the UAV market.

JI holds a significant share of the commercial UAV market. The company manufactures a wide range of products, including flying cameras, flight controllers for multirotors, accessories for helicopters, and camera gimbals (aerial and handheld). Products developed by the company are used in both, civilian and military applications. The company’s strategy for sustainable long-term growth involves undergoing technological innovations to develop new products in the UAV market. For instance, in November 2016, DJI launched Matrice 600 Pro with improved capabilities. This new drone offers improved flight performance, powerful battery charging system, and improved loading capacity. The new product launch strategy enabled the company to enhance its existing line of products and widen its customer base in the UAV market.

Related Reports:

Unmanned Aerial Vehicle (UAV) Market by Application, Class, System (UAV Platforms, UAV Payloads, UAV GCS, UAV Data Links, UAV Launch and Recovery Systems), UAV Type, Mode of Operation, Range, Point of Sale, MTOW, and Region - Global Forecast to 2025

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Report Code
AS 2802
RI Published ON
10/25/2019
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