An unmanned aerial vehicle (UAV), commonly known as a drone, is an aircraft without a human pilot aboard. The unmanned aerial vehicle market is anticipated to record a CAGR of 9.83% during the forecast period, from 2016 to 2023. The major drivers of this market are that UAVs can be deployed in potentially hazardous conditions and also employed in mundane, repetitive operations, prone to human error. The global UAV market is dominated by North America, where the United States holds the largest market share in the region, and also globally.
Latest Developments
Amazon collaborated with the UK government on test runs, to assess the safety and reliability in the UAV-facilitated delivery sector. The US Air Force pilots have included electronic warfare mission capabilities to their UAV training. The Mexican navy began operating their Arcturus T-20 JUMP UAVs in August 2016, deployed off the coast of Sonora, for maritime surveillance.
Market Insights
The major drivers of this market are that UAVs can be deployed in potentially hazardous conditions and also employed in mundane, repetitive operations, prone to human error. Greater exploration of the field and reduction in costs have increased the usage of UAVs in various domains. Suppliers of UAVs are releasing products that can be used in areas, such as agriculture, ethereal photography, and information gathering. UAVs for airborne transport of human service supplies are also under development. Usage of UAVs in the battlefield, however, has been criticized, the argument being that the absence of human judgment may cause unintended casualties. Currently, medium-altitude, long endurance (MALE) UAV segmentation is dominating the market, by holding around 35% of the total market share.

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The global UAV market is dominated by North America, where the United States holds the largest market share in the region, and also globally. Overall, currently, North America plans to spend USD XX billion on UAVs during the forecast period. The emerging economy of China is set to make the country the biggest user of UAVs. The UAV market in the Asia-Pacific region is expected to record the highest CAGR during the forecast period. Instability due to internal political tensions, globalization, and growing trend of automation in the region, are the main factors fueling the growth of the UAV market in the APAC region.
The global UAV market report, includes competitive vendor landscape, along with analysis of major companies, such as-
o DJI Innovations
o AeroVironment Inc.
o BAE Systems
o Cybaero Ab
o 3D Robotics
o Dassault Aviation
o Elbit Systems Ltd
o General Atomics
o Lockheed Martin Corporation
o Northrop Grumman
o Parrot
o Israel Aerospace Industries
o Thales SA
o Airbus Group
o Finmeccanica
o Microdrones
o Boeing
Keywords-
• UAS
• TUAV
• MTOL
• MALE
• HALE


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