Drone Market Worth $14.9 Billion by 2020

Uploaded on 2016-01-19 in NEWS-Cybersecurity News, FREE TO VIEW, BUSINESS-Production-Manufacturing

The Unmanned Aerial Vehicles (UAV) market is estimated to be USD 10.1 Billion in 2015, and is expected to reach USD 14.9 Billion by 2020, at a CAGR of 8.12% from 2015 to 2020. The major challenges faced by the UAV market are air traffic management, lack of regulatory policies, and procedural issues.

North America holds an estimated share of 65.53% of the global UAV market in 2015. Europe is expected to witness a strong growth, due to increase in investments in defense and commercial applications in the UK and Russia. Technological advancements in UAVs, effectiveness in combat situations, and rising demand for non-defense applications are factors expected to drive the UAV market.

The UAV market is also driven by the reduced risks associated with the use of UAVs, and technological innovations that have created a demand for UAVs in performing complex operations, thereby reducing the need for human intervention.

The success of UAVs in combat operations has increased their demand in North America, the Middle East, and Asia-Pacific regions. Reduced defense budget in the North American and European countries in recent years, is expected to hamper the growth of this market. The lack of skilled and trained pilots, and strict airspace regulations are expected to further restrain its market growth.

The UAV market is segmented on the basis of class, subsystem, defense spending, payload, application, and region. The report offers analysis of drivers and restraints currently impacting the growth of this market. Technology and industry trends have also been highlighted, which would facilitate market intelligence process and enable better business opportunities for organizations.

The report also draws the competitive landscape of the UAV market, providing an in-depth comparative analysis of technological and marketing strategies adopted by key players thriving in this market. The key strategies adopted by major companies in the UAV market are new product launches, providing customized solutions, and mergers & acquisitions.

Top players in the Unmanned Aerial Vehicles Markets:

  • GA-ASI (US)
  • Northrop Grumman Corporation (US)
  • Elbit Systems Ltd. (Israel)
  • IAI Ltd. (Israel)
  • AeroVironment, Inc. (US)
  • Lockheed Martin (US)
  • The Boeing Company (US)
  • BAE Systems PLC (UK)
  • Textron Systems (US)
  • Aeronautics Ltd. (Israel)
  • Safran SA (France)
  • SAAB AB (Sweden)
  • Thales Group (France)
  • TAI Inc. (Turkey)
  • Aviation Industry Corporation of China.

Market And Markets: http://bit.ly/1PaEuow

« Mandatory Requirement on Business To Disclose Cyber Attacks
EU General Data Protection: A Milestone Of The Digital Age »

Infosecurity Europe
CyberSecurity Jobsite
Perimeter 81
Cyrin

Real Attacks. Real Tools. Real Scenarios.
Schedule a demo

Sign Up: Cyber Security Intelligence Newsletter

Directory of Suppliers

Clayden Law

Clayden Law

Clayden Law advise global businesses that buy and sell technology products and services. We are experts in information technology, data privacy and cybersecurity law.

Infosecurity Europe, 3-5 June 2025, ExCel London

Infosecurity Europe, 3-5 June 2025, ExCel London

This year, Infosecurity Europe marks 30 years of bringing the global cybersecurity community together to further our joint mission of Building a Safer Cyber World.

TÜV SÜD Academy UK

TÜV SÜD Academy UK

TÜV SÜD offers expert-led cybersecurity training to help organisations safeguard their operations and data.

MIRACL

MIRACL

MIRACL provides the world’s only single step Multi-Factor Authentication (MFA) which can replace passwords on 100% of mobiles, desktops or even Smart TVs.

NordLayer

NordLayer

NordLayer is an adaptive network access security solution for modern businesses — from the world’s most trusted cybersecurity brand, Nord Security. 

Evidian

Evidian

Evidian, a Bull Group company, is the European leader and one of the major worldwide vendors of identity and access management software.

Samsung Knox

Samsung Knox

Samsung Knox brings multi-layered defence-grade security to your business’s smartphones and tablets.

Ethoca

Ethoca

Ethoca is a secure network for card issuers and merchants to connect and work cooperatively outside the payment network in a unique and powerful way.

Niksun

Niksun

Niksun's forensics-based cyber security and network performance monitoring products provide customers with actionable insight into security threats, performance issues, and compliance risks.

e2e-assure

e2e-assure

e2e Protective Monitoring and Security Operations Centre (SOC) Service is a complete cyber defence service to protect your critical assets from cyber attacks and GDPR breaches.

Sangfor Technologies

Sangfor Technologies

Sangfor is a global leader of IT infrastructure, security solutions, and cloud computing.

CyberGuarded

CyberGuarded

CyberGuarded are an accredited vendor independent information security testing and auditing company.

Blueskytec (BST)

Blueskytec (BST)

Blueskytec has applied its experience of over three decades of working in the field of embedded systems and encryption to provide a scalable and appropriate technology for cyber-physical devices.

SecureLogix

SecureLogix

SecureLogix deliver a unified voice network security and call verification solution. Protect against call attacks & fraud.

Capital Network Solutions

Capital Network Solutions

Capital Network Solutions are a highly accredited managed IT services and consultancy provider, specialising in cyber security, infrastructure and communications.

Tech Seven Partners

Tech Seven Partners

At TechSeven Partners, we provide a full suite of cyber security solutions for your business including network monitoring, onsite and cloud backup solutions, HIPAA or PCI compliance.

Ontinue

Ontinue

Ontinue ION is an MXDR service that provides Nonstop SecOps through five key capabilities that enable your organization to respond to attacks and continuously reduce risk.

Assetnote

Assetnote

The Assetnote platform enables organizations to effectively map and continuously monitor their external attack surface.

Anetac

Anetac

Developed by seasoned cybersecurity experts, the Anetac Identity and Security Platform protects threat surface exploited via service accounts.

Gleam Cloud Security Solutions (GCSS)

Gleam Cloud Security Solutions (GCSS)

GCSS Security is an information security firm providing cyber security protection with a highly skilled and experienced team focused on technology that creates best-in-class customer experiences.

Defence Logic

Defence Logic

Defence Logic is a cyber security company serving clients in many business sectors. Our consultancy services include Penetration Testing, Security Reviews and Monitoring.