- Market to grow at 3.17 per cent during the forecast period 2012-2016
TechNavio, an independent London-based research firm has identified AeroVironment as the leading player in its report on Global Unmanned Aerial Vehicle (UAV). The findings are for the forecast period 2012-2016.
Some of the other players dominating the global UAV market include Israel Aerospace Industries, BAE Systems and Boeing.
Globally, the market comprises of diversified vendors who are having presence in different product portfolios. However, most of the players are providing only UAVs and there is increasing competition in this market.
Vendors are competing on factors like technical qualifications, past contract performance, geographical presence, price, and availability of key professional personnel, including those with security clearance. Companies with greater technical and financial resources are developing products, which are making competitors’ products non-competitive, even before the costs of research, development, and commercialization are recovered. The DODs of various countries are assessing vendors based on their product quality. The next few years will be witnessing increasing consolidation among vendors in the market, making it more difficult for the DODs of various countries in selecting the right solution for meeting their requirements.
TechNavio’s senior analyst and co-author of this report commented saying, “The Global UAV market will be experiencing steady growth during the forecast period 2012-2016, with demand coming mainly from the Americas, particularly the US, as it keeps on integrating UAVs into all its armed services at different levels. In Europe, France and Germany will be setting the pace for UAV operations. In the Middle East, only Israel will be the major country contributing to the growth of the market in this region.”
To determine the scenario for these vendors in the next 3-4 years, TechNavio analysts have conducted an in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in order of importance.
If you are interested in more information on this topic and our upcoming research on https://www.technavio.com/report/global-unmanned-aerial-vehicle-uav-marke… please send an e-mail to media@TechNavio.com.
About TechNavio
TechNavio is a leading technology research and advisory company with a global coverage. We focus on emerging technology trends that can shape the market. We identify and explain these trends to our customers to help them take better decisions.
TechNavio models the trends using a mix of quantitative and qualitative tools in its proprietary research methodologies. We build forecasts across market segments and geographies based on the trends identified. These forecasts and analysis are used to help our customers identify new and existing opportunities in their markets. We also help customers assess their competitive position in a changing market scenario.
TechNavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape of the Global Unmanned Aerial Vehicle (UAV) Market. Our analysts obtain the information using a combination of the bottom-up and top-down approaches, besides using in-house market modeling tools. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
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