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 »

CyberSecurity Jobsite
Perimeter 81
Cyrin

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

Go Cyber

Training that transforms behaviours

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.

The PC Support Group

The PC Support Group

A partnership with The PC Support Group delivers improved productivity, reduced costs and protects your business through exceptional IT, telecoms and cybersecurity services.

Resecurity

Resecurity

Resecurity is a cybersecurity company that delivers a unified platform for endpoint protection, risk management, and cyber threat intelligence.

Practice Labs

Practice Labs

Practice Labs is an IT competency hub, where live-lab environments give access to real equipment for hands-on practice of essential cybersecurity skills.

CYRIN

CYRIN

CYRIN® Cyber Range. Real Tools, Real Attacks, Real Scenarios. See why leading educational institutions and companies in the U.S. have begun to adopt the CYRIN® system.

National Centre of Incident Readiness & Strategy for Cybersecurity (NISC) - Japan

National Centre of Incident Readiness & Strategy for Cybersecurity (NISC) - Japan

NISC was established as a secretariat of the Cybersecurity Strategy Headquarters in collaboration with the public and private sectors to create a "free, fair and secure cyberspace" in Japan.

Wilson Sonsini Goodrich & Rosati (WSGR)

Wilson Sonsini Goodrich & Rosati (WSGR)

WSGR is the premier provider of legal services to technology, life sciences, and growth enterprises worldwide. Practice areas include cybersecurity and data protection.

mnemonic

mnemonic

mnemonic helps businesses manage their security risks, protect their data and defend against cyber threats.

Cisco Talos

Cisco Talos

Talos is an industry-leading threat intelligence solution that protects your organization’s people, data and infrastructure from active adversaries.

CyberPrism

CyberPrism

CyberPrism provides SaaS solutions using proprietary technology, underpinned by industry-leading technical practitioners to protect OT within Government, Maritime and Industrial markets.

PRODAFT

PRODAFT

PRODAFT, Proactive Defense Against Future Threats, is a cyber security and cyber intelligence company providing solutions to commercial customers and government institutions.

Nuspire

Nuspire

Nuspire provide services to protect your network with best-in-class managed detection and response, allowing you to stay focused on managing your business.

Aujus Cybersecurity

Aujus Cybersecurity

Aujas is a pure-play cyber security services company with deep expertise in Identity and Access Management, Managed Security and Security Testing services.

Pivot Point Security

Pivot Point Security

Pivot Point Security is a trusted leader in information security consulting. We help clients master their information security management systems.

KETS Quantum Security

KETS Quantum Security

KETS harnesses the properties of quantum mechanics to solve challenging problems in randomness generation and secure key distribution and enable ultra secure communications.

Testhouse Ltd

Testhouse Ltd

Testhouse is a thought leader in the Quality Assurance, software testing and DevOps space. Founded in the year 2000 in London, UK, with a mission to contribute towards a world of high-quality software

Single Point of Contact

Single Point of Contact

Single Point of Contact is a Managed IT Services provider that helps businesses to achieve a seamless and secure IT environment.

Port443

Port443

Port443 specialises in providing Security Orchestration, Automation and Remediation (SOAR) "as a service".

Modern Networks

Modern Networks

Modern Networks is a leading provider of IT managed services to the UK’s commercial property sector and medium sized enterprises.

Frontal

Frontal

Frontal is a specialized unit in Blockchain and Web3.0 cybersecurity. Securing Digital Assets, Cryptocurrency, DeFi, Blockchain and Web3.0 ecosystem.

TrafficGuard

TrafficGuard

TrafficGuard is an award-winning digital ad verification and fraud prevention platform.