Remote Sensing UAV Market Size to Grow by $ 680.39 mn through 2020-2024
Technavio research projects the remote sensing UAV market to grow by $ 680.39 million, accelerating at a CAGR of over 5% till 2025. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking View Free Sample Report
This report provides a detailed analysis of the remote sensing uav market by Application (Defense, and Commercial and Civil) and Geography (North America, Europe, APAC, South America, and MEA), and the Segment Forecasts, 2020-2024. The report also provides a detailed analysis of around 25 vendors operating in the remote sensing uav market.
Remote Sensing UAV Market: Segmentation by Application
During 2019, the defense segment accounted for the major share of the Remote Sensing UAV Market. Market growth in this segment will be slower than the growth of the market in the Commercial and civil segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the remote sensing UAV market size.
Remote Sensing UAV Market: Segmentation by Geography
North America was the largest Remote Sensing UAV Market market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. 36% of the market’s growth will originate from North America during the forecast period. The US is the key market for remote sensing UAVs in North America. This report provides an accurate prediction of the contribution of all segments to the growth of the remote sensing UAV market size.
Remote Sensing UAV Market: Key Market Driver
One of the primary factors that will trigger the growth of the remote sensing UAV market size is increasing demand for lightweight UAV payload. This research report provides a comprehensive analysis of all the factors that are likely to propel market growth, taking into account the market trends as well as challenges that are likely to impede growth. The objective of this research report is to equip clients with actionable insights that will help them leverage opportunities and formulate growth strategies for their business.
Remote Sensing UAV Market: Vendor Analysis
The market is fragmented due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. AeroVironment Inc., Elbit Systems Ltd., General Atomics, Israel Aerospace Industries Ltd., Lockheed Martin Corp., Northrop Grumman Corp., Raytheon Technologies Corp., Sentera Inc., Thales Group, and The Boeing Co. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
Technavio also offers custom research reports with detailed insights assessing the market from a global as well as regional perspective. This customized report will help clients keep up with new product launches in direct & indirect or related markets. It will also provide insights on upcoming developments along with a pipeline analysis of vendor operations and the impact of government regulations.
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