According to market research “Small UAV Market by Application (Military, Commercial & Civil, Homeland Security), by Payloads (EO, LiDAR, Laser Designator, Meteorological sensors, Cameras, Telemetry, Autopilot, and NBC detection), by Propulsion System (Hybrid, Hydrogen cell, Solar, Lithium-ion battery), by Geography – Market Forecast and Analysis to 2014 – 2020″ The global SUAV is expected to register growth with CAGR of12.31%, and reach $1.9billion by the end of 2020. Increase in civil and military applications remains the driving factors for the global small UAV market.
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This report provides a market analysis of the global small Unmanned Aerial Vehicle (UAV) and man portable SUAV market over the next six years. It provides detailed analysis of both historic and forecast global industry values, factors influencing demand, the challenges faced by industry participants, analysis of the leading companies in the industry, and key news.
The report also analyzes the market share on the basis of payloads used in SUAVs. It provides information about the leading competitors in the global SUAV market and apart from a general overview of the companies; it also provides details on their financial positions, key products, their unique selling points and key developments. This research report also segments the market on the basis of products, types, application and geography, country, forecasting revenues, market share and analyzing trends in each of the sub segments.
Due to economic downturn, major countries like U.S. and the U.K. are witnessing economic difficulties. The U.S. has witnessed budget cuts in the recent past and it is likely to continue in the near future. The U.S. has announced the budget cut of $178 billion during 2011-2015. Any budget cut in these countries could slow down the defense industry. Despite these facts, the SUAV market is booming and lot of money is spent on the research and development of SUAVs.
The unrest in Asian countries due to terrorist attacks and political disputes has increased the SUAV spending. Regions such as North America, Asia-Pacific, and Europe currently hold the largest share of SUAVs. However, the Middle Eastern and African countries have a high potential of growth in this sector.
The penetration rate of military applications in the SUAV market is the highest when compared to the commercial, civil, and homeland security applications. However, the market of SUAV in the commercial and civil application is estimated to overtake the homeland security application’s market by 2020.
India, South Korea, China, Germany, France and Australia are the new growth regions, due to their developments in mini and micro UAV segment.
Key players like AeroVironment, SAAB, Israel Aerospace Industries, and Thales Group are the majorplayers for the industry.
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