Hyderabad, India -- (SBWIRE) -- 08/09/2018 -- According to the new market research report by IndustryARC titled "Unmanned Aircraft Systems By Product Type (Fixed Wing, Rotary Wing); By End User (Commercial, Consumer); By End User Applications (Agriculture, Law enforcement, Survey, Others) - Forecast 2018- 2023", the market is driven by the rising cases of commercial drones.
Americas to have a major share in the Unmanned Aircraft Systems
America is expected to dominate the Unmanned Aircraft Systems Market during the forecast period. It will generate revenue of $4,612.35 million by 2023 at CAGR of 29.3%. The US is the second largest region in the market. However, by 2020, US is expected to be the leader of unmanned aircraft systems in the market. Asia Pacific will display the highest growth due to the growing applications of drones in China, Japan and other countries in Asia. China has the biggest manufacturing base for consumer drones for applications such as personal photography and videography.
Selected Analysis done in the full Report:
Agriculture segment is the dominant sector during the forecast period. It will generate revenue of $1,452.33 by 2023 at a CAGR of 28.9%. Drones have the ability to capture images and analyse leaves in the field. They also monitor mid-season crops, irrigation equipment, cattle herd monitoring, and weed identification. The use of the drone camera in the agricultural field can save time and return on the investment. A drone can also monitor illegal fishing in restricted areas and save the habitat. Natural water resources can be monitored by government agencies using UAVs. Smuggling and deforestation are identified using drones.
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Excerpts on Market Growth Factors
Commercial drones in the agriculture segment are cost effective and can boost production.
Drones are being used in fields such as research, survey, and industrial segment to explore distant locations which are dangerous for people.
Advancements in technology will enhance the growth of the UAV drone.
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Key players of the Unmanned Aircraft Systems Market
The key players in the Unmanned Aircraft Systems Market are Aeryon Labs, Inc., Sensefly,
AeroVironment, PrecisionHawk. Aeryon Labs manufactures small unmanned aerial
Systems. Sensefly manufactures drones agriculture, industrial, and mining operations. AeroVironment develops advanced unmanned aircraft systems for military operations and provides electric charging products to the electric vehicles. Precision Hawk provides unmanned aerial vehicles and ground station equipment.
Unmanned Aircraft Systems Market is segmented as below
Advancement in technology drives the demand for unmanned aircraft systems during the forecast period.
A. Unmanned Aircraft Systems Market By Type
1. Fixed Wing
2. Rotary Wing
B. Unmanned Aircraft Systems Market By Property
1. Commercial Drones- By Endurance
1.1. Low-Endurance Low-Altitude
1.2. Average-Endurance Low-Altitude
1.3. Average-Endurance Average-Altitude
1.4. High-Endurance High-Altitude
2. Consumer Drones- By type
2.1. Low Range Drones
2.2. Average Range Drones
C. Unmanned Aircraft Systems Market By Application
2. Education/ Academic research
3. Real Estate
4. Filmmaking/ Photography/ Videography
6. Law enforcement & Public benefit
7. Survey/ mapping/ GIS
D. Unmanned Aircraft Systems Market by Geography (covers 17+ countries)
E. Unmanned Aircraft Systems Market Entropy
Companies Citied / Interviewed
1. DA-JIANG INNOVATIONS SCIENCE AND TECHNOLOGY CO., LTD.
2. LOCKHEED MARTIN CORPORATION
3. AEROVIRONMENT, INC.
4. PARROT SA
5. SENSEFLY SA
6. 3D ROBOTICS, INC.
7. SHENZHEN HUBSAN TECHNOLOGY COMPANY LIMITED
8. GUANGZHOU WALKERA TECHNOLOGY CO., LTD.
9. STEADIDRONE PTY LTD
10. QUEST UAV
11. PRECISIONHAWK INC.
13. LEPTRON UNMANNED AIRCRAFT SYSTEMS, INC.
14. MICRODRONES GMBH
16. AERYON LABS INC.
17. Company 20+
A. Unmanned Underwater Vehicle
B. Unmanned Ground Vehicle
What can you expect from the report?
The Unmanned Aircraft Systems Market Report is Prepared with the Main Agenda to Cover the following 20 points:
1. Market Size by Product Categories & Application 11. Demand Analysis (Revenue & Volume)
2. Market trends & Relevant Market Data 12. Country level Analysis
3. Manufacturer Landscape 13. Competitor Analysis
4. Distributor Landscape 14. Market Shares Analysis
5. Pricing Analysis 15. Value Chain Analysis
6. Top 10 End user Analysis 16. Supply Chain Analysis
7. Product Benchmarking 17. Strategic Analysis
8. Product Developments 18. Current & Future Market Landscape Analysis
9. Mergers & Acquisition Analysis 19. Opportunity Analysis
10. Patent Analysis 20. Revenue and Volume Analysis
Frequently Asked Questions:
Q. Does IndustryARC publish country or application based reports in Unmanned Aircraft Systems segment?
Response: Yes, we do have separate reports as mentioned below:
1. Unmanned Aircraft Systems Market (2018-2023)
2. Americas Unmanned Aircraft Systems Market (2018-2023)
3. Europe Unmanned Aircraft Systems Market (2018-2023)
4. Asia Pacific Unmanned Aircraft Systems Market (2018-2023)
5. Row Unmanned Aircraft Systems Market (2018-2023)
6. Recreation Unmanned Aircraft Systems Market (2018-2023)
7. Real Estate Unmanned Aircraft Systems Market (2018-2023)
Q. Does IndustryARC provide customized reports and charge additionally for limited customization?
Response: Yes, we can customize the report by extracting data from our database of reports and annual subscription databases. We can provide the following free customization:
1. Increase the level of data in application or end user industry.
2. Increase the number of countries in geography chapter.
3. Find out market shares for other smaller companies or companies which are of interest to you.
4. Company profiles can be requested based on your interest.
5. Patent analysis, pricing, product analysis, product benchmarking, value and supply chain analysis can be requested for a country or end use segment.
Any other custom requirements can be discussed with our team, drop an e-mail to email@example.com to discuss more about our consulting services.
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