Drone Industry Forecasts to Grow at 12.7% CAGR till 2022

Drone Industry Forecasts to Grow at 12.7% CAGR till 2022 1 Jun, 17, Source: Orbis Research

Unmanned aerial vehicles (UAVs), commonly referred as drones, are aircraft without a human pilot aboard. The flight is controlled either autonomously, or by an onboard computer, or by remote control from the ground or another vehicle. The large-sized remotely pilot aircraft (RPA) are powered by internal combustion engines, while relatively small UAVs are driven by electric motors. Such small electric-powered UAVs are mainly used for military and defense applications, as without combustion, they produce low sound and are, hence, found to be more suitable for spy missions. In addition, there has been an increasing interest in civilian or commercial applications of UAVs, such as aerial photography, agriculture, 3D mapping, and wildlife protection.

Research report, Global UAV Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Request for sample copy of this report at: http://www.orbisresearch.com/contacts/request-sample/275252

Key vendors

  • AeroVironment
  • Boeing
  • DJI
  • Elbit Systems
  • General Atomics Aeronautical Systems (GA-ASI)
  • Israel Aerospace Industries (IAI)
  • Northrop Grumman

Other prominent vendors

  • Aeronautics
  • Aeyron Labs
  • Aibotix
  • BAE Systems
  • Blue Bear Systems
  • Entecho
  • GoPro
  • Lockheed Martin
  • Matternet
  • Parrot
  • Prox Dynamics
  • Quest UAV
  • Safran Electronics & Defense
  • TASUMA
  • Xiaomi

Driver

  • Growth in global connected cars market

Market challenge

  • Spectrum-management issues and SWaP challenges

Market trend

  • Growing demand for composite-based UAV landing gears

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