TechNavio recognizes the following companies as the key players in the Global Unmanned Aerial Vehicle (UAV) Market: AeroVironment Inc., BAE Systems plc, Israel Aerospace Industries Ltd., and The Boeing Co.
Commenting on the report, an analyst from TechNavio’s team said: “The Global Defense industry is investing extensively in R&D activities, which has resulted in the development of technologies that can enhance the endurance and survival of UAVs. As a result of emerging technologies and changing environments, UAV manufacturers are increasingly investing in the R&D of new technologically advanced UAV systems. For instance, there is a rise in the demand for UAVs that require low maintenance and can be used on long-haul routes. Moreover, the demand for solar-powered UAVs has increased as they have better endurance capabilities and low maintenance costs. With the increase in R&D, the demand for advanced UAVs is expected to increase.”
According to the report, one of the major growth drivers is the increase in the launches of new UAV systems. UAVs are being increasingly used by various militaries around the globe and this is resulting in an increase in the launch of new UAV systems, thereby driving the growth the Global UAV market.
Further, the report states that one of the major challenges faced by vendors is the rapid technological changes taking place in the Global UAV market. Owing to these rapid technological changes, vendors have to invest more to upgrade their current UAVs. This reduces the profit margin for vendors.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/report/global-unmanned-aerial-vehicle-uav-marke…
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/automotive-and-aerospace
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TechNavio Announces the Publication of its Research Report -Global Unmanned Aerial Vehicle (UAV) Market 2012-2016
