The Global UAV Market: Market drivers, trends, developments and challenges

The global UAV market is forecast to grow through to 2025. The rate of growth will differ from region to region but Europe will see the strongest growth. North America will remain the largest regional market as the US's involvement in global peacekeeping missions spurs demand. The need for many developing nations to modernize their forces will mean that all regions see growth.

Scope

Learn about the size of the global UAV market.

Understand the future direction of the global UAV market and the factors driving it.

Assess the key market trends and developments.

Analyze the changes facing the market and its players.

Reasons to buy

How big is the global UAV market?

How is the market expected to grow and what is driving growth in the market?

What are the notable trends in the global UAV market?

What challenges do market players face?

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Table of Contents

OVERVIEW

Catalyst

Summary

UAV MARKET GROWING, EUROPE PROVIDES MOST IMPETUS, NORTH AMERICA THE LARGEST MARKET

Global UAV market estimated to cumulatively hit $115.7 billion during forecast period

North America largest market, Europe fastest growing

Growth in other regions due to force modernization, increased unrest and low troop numbers

NEED FOR ADVANCED DEFENSE SYSTEMS, INCREASED THREATS & TERRITORIAL DISPUTES SPUR GROWTH

Increased internal and external security threats drive demand

Territorial disputes to increase global demand for UAVs for border monitoring

Need for advanced defense systems creates opportunities

KEY TRENDS: UCAVS, SOLAR POWERED AIRCRAFT, NEW VEHICLE TYPES AND CONSOLIDATION

UCAVs key category for research & development expenditure

Demand for solar-powered UAVs is forecast to increase

Shift from procurement of conventional to Mini, Micro and nano UAVs

Increased consolidation through partnerships and JVs

KEY CHALLENGES: ACCIDENT RATES, RESTRICTED EXPORTS AND MINIATURIZATION

High accident rates impede the global UAV industry

International associations restrict exports

Miniaturization becoming major challenge for the industry

CONCLUSIONS

Advancements in UAV technology and changes in warfare drive growth, but challenges remain

APPENDIX

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