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Global UAV Market growth to $28.27 Billion by 2022, driven by civil, commercial, military & security sectors

The UAV (Unmanned Aerial Market) market is estimated to be USD 13.22 Billion in 2016 and is projected to reach USD 28.27 Billion by 2022, at a CAGR of 13.51% during the forecast period, according to report by MarketsandMarkets.

Key factors fueling the growth of the UAV (Unmanned Aerial Vehicle) market includes increasing demand for UAVs for commercial applications, advancements in technologies of drone payloads, and increasing defense budgets of emerging economies.

“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,” says report.

However, factors such as lack of skilled and trained pilots, strict airspace regulations and procedural issues act as restraints for the growth of the UAV (Unmanned Aerial Vehicle) market.

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.

North America is anticipated to lead the UAV (Unmanned Aerial Vehicle) market in 2016 due to increased UAV application in military, homeland security, and commercial areas. The UAV (Unmanned Aerial Vehicle) market in the Asia-Pacific (APAC) region is expected to grow at the highest rate during the forecast period.

Unmanned Aerial Vehicles (UAVs) continue as the most dynamic growth sector of the world aerospace industry this decade, report Teal analysts in their latest market analysis. New unmanned combat aerial vehicle programs, commercial, and consumer spending all promise to drive more than a tripling of the market over the next decade.

In contrast to this, there is a huge scope for research & development in the field of UAV, which aims at increasing the operational efficiency and provides complete autonomy. Investments are infused in this field, which has resulted into adoption of autonomous control systems.

 Civil Market

“The market for UAVs looks very strong, increasingly driven by new technologies such as the next generation of unmanned combat systems, and the development of new markets such as civil and consumer drones,” said Philip Finnegan, Teal Group’s director of corporate analysis and an author of the study.

“Our 2015 UAV study calculates the UAV market at 72% military, 23% consumer, 5% civil cumulative for the decade.” Of the three areas, civil UAVs grow most rapidly over the forecast period as airspace around the world is opened, but it grows from a very low base.

There are growing number of civil and commercial applications of UAVs, including humanitarian aid and disaster relief, infrastructure monitoring (such as oil pipelines), wildlife conservation and precision agriculture.

“Consumer UAVs are showing that they can do many of the easier commercial missions such as simple real estate photography.”

 

VTOL UAV Market 2015-2020

The global VTOL UAV market is projected to witness a high growth in the next five years. The global VTOL UAV market is estimated to be valued at USD 2,235.40 Million in 2015 and is projected to reach USD 5,500 Million by 2020, at a CAGR of 19.73% from 2015 to 2020 says report published by MarketsandMarkets.

The growth in the market is attributed to factors such as increasing demand in commercial and law enforcement applications, better technological advancements, amended safety norms to perform complex operations with least human interventions, and reduced risks and cost associated with the use of VTOL UAVs.

The growth of this market is forecast to be driven by the increasing demand of VTOL UAVs in civil & commercial sector. The market is further driven by the demand for 3D mapping, oil & gas pipeline inspection, recreational activities, safety and surveillance. However, the market faces hurdles such as strict airspace regulations and social issues such as privacy and nuisance concern.

 

Solar Powered UAV Market size grow at over 15% CAGR from 2016 to 2024

Solar Powered Drones Market size is expected to grow at over 15% CAGR over the forecast timeframe till 2024. The rising adoption of UAVs by numerous end user industries and the development of efficient solar powered propulsion system are expected to drive the solar powered drones market.On the basis of applications, the global solar powered drones market can be segmented into agriculture, energy, government & defense, telecommunication, and media & entertainment.

Technological advancements surfacing in hydrogen fuel cell, photovoltaic cell, and hybrid propulsion system used to generate energy may help in improving the endurance and flight range. This will assist in their penetration in the global market owing to their increased demands in civil and commercial application utilities to function on an autonomous power source. Upcoming aerial vehicles have encapsulated photovoltaic cells on the wings to reduce the weight while maintaining the aerodynamic features to extend the flight range of UAVs.

North America solar powered drone market share was the largest in 2015 owing to high adoption rates due to the extensive applications of military drones. Combat and surveillance operations in the critical war zones are projected to enhance growth prospects in the region.

Reliable and good quality internet connectivity has become a necessity around the globe, which is restricted only to the urban areas. Initiatives taken by network providers to connect with remote rural regions with best quality internet services and increase in the consumer base are expected to drive market growth. Such unmanned aerial vehicles also find major applications in mapping, disaster management, and surveillance.

Extensive applications for law enforcement activities to assist crime investigation are gaining prominence. It is used for accumulating evidence by capturing quality videos and images from over the crime scene without tampering the existing evidence. Also, it can be used for traffic management, accident inspection, and congestion analysis.

Key participants holding major solar powered drone market share include Airbus (QinetiQ), Boeing Phantom Works, Google (Titan Aerospace), and Facebook (Ascenta). Other participants include AeroVironment/NASA, Lockheed Martin (Hale-D), Bye Engineering, and Atlantik Solar. Solar powered aviation has witnessed a steep rise in R&D expenditure in the last two years prior to 2015.

 

Small Unmanned Aerial Vehicle (UAV) Market Forecast 2015-2025

Micro, Mini & Nano UAVs are being utilized in Military, Homeland Security, Law Enforcement, Industrial, Media, Agriculture & Scientific Applications. Visiongain has assessed that the small UAV market will reach $1.61bn in 2015

Homeland security and defence applications are set to grow, particularly as payloads grow to enable collection of a wide variety of data (such as CBRN threats, facial recognition, military ISTAR sensors and others), as are data-collecting applications for research purposes. The automation of small UAVs will also likely bring great cost and time savings for applications such as agricultural spraying, delivery of goods and many other applications.

 

Defense and Security market to hit $10 billion by 2024

The market for military drones is expected to almost double by 2024 to beyond $10 billion (8.9 billion euros), according to a report published by specialist defense publication IHS Jane’s Intelligence Review.

“The global defense and security market for Unmanned Aerial Vehicles (UAVs) will expand at 5.5 percent per year over this decade, from the current figure of $6.4 billion,” according to the analysis.

UAVs have become indispensable to modern militaries in providing intelligence, near-real time reconnaissance and surveillance to commanders, and offering warfighters greater battlespace awareness. They have proven effective in electronic combat support, battle damage assessment and even in national security operations like border surveillance, low intensity conflict and guerilla / terrorist warfare.

In the future, UAVs will act as airborne data links, enemy radar jammers, chemical and biological weapons detectors, target acquisition systems, and finally precision air attack systems.

“Operators are now moving to expand their mission sets beyond visual surveillance and reconnaissance, and are introducing sophisticated intelligence and electronic warfare systems, as well as a wider range of munitions,” said Huw Williams, unmanned systems editor for IHS Jane’s.

 

Additionally, factors such as recent advancements in stealth technology is also expected to spur this market’s growth prospects over the forecast period. The use of stealth technology, also called low observable technology, promote passive electronic countermeasures to make aircraft, submarines, ships, missiles, and satellites less visible or undetectable to radars, infrared, sonars, or other detection platforms. With time, stealth technology has experienced distinguishable changes in the selection of materials, aerodynamic designs, and operational techniques of combat platforms. Along with manned platforms, various UAVs also feature stealth technology. Of late, the use of UAVs in security and surveillance applications has been rising. This phenomenon has also necessitated both the development and operating agencies to emphasize on two vital factors, including reduction of radar cross section to ensure low observability and increase in the payload capacity of UAVs

 

 UCAV

They are also increasingly being utilized in combat roles like next generation UCAVs, Boeing’s X-45 Phantom Ray, and Northrop Grumman’s X-47 Pegasus. The future operations in anti-access/area-denial (A2/AD) environments will lead to a need for longer-range and stealthy sensors for a variety of new and legacy UAV platforms.

“As technology matures, we are set to see Unmanned Combat Air Vehicles (UCAVs) come in to service,” said Huw Williams, unmanned systems editor for IHS Jane’s. “These will feature ‘stealthy’ characteristics and advanced payloads and weaponry. They will operate alongside manned aircraft and eventually even replace them in many roles.”

 

The unmanned aerial vehicles market is dominated by key players such as GA-ASI (U.S.), Northrop Grumman Corporation (U.S.), Elbit Systems Ltd. (Israel), IAI Ltd. (Israel), AeroVironment, Inc. (U.S.) Lockheed Martin (U.S.), The Boeing Company (U.S.), BAE Systems PLC (U.K.), Textron Systems (U.S.), Aeronautics Ltd. (Israel), Safran SA (France), SAAB AB (Sweden), Thales Group (France), TAI Inc. (Turkey), and Aviation Industry Corporation of China.

 

UAV Payloads

According to Technavio’s market research analyst, the global UAV payload and subsystems market will post a CAGR of almost 8% by 2021. The growing demand for lightweight UAV payload systems is anticipated to spur this market’s growth over the forecast period

EO/IR is still the default sensor for the vast majority of UAVs, but New sensor markets will see significant increases as radio frequency (RF) systems replace EO/IR capabilities, and next-generation UAVs at all scales require much more sophisticated – and expensive – sensors.

The 2015 study provides 10-year funding and production forecasts for a wide range of UAV payloads, including Electro-Optic/Infrared Sensors (EO/IR), Synthetic Aperture Radars (SARs), SIGINT and EW Systems, and C4I Systems, forecast to double in value from $3.1 billion in FY15 to $6.4 billion in FY24.

“Rapidly increasing capabilities for RF sensors will be funded, as potential conflicts shift from clear-skies Central Asia to the more restrictive geographies of Eastern Europe and the Pacific,” says Dr. David Rockwell, author of the electronics portion of the new study.

New technologies being developed are wide angle, hyperspectral and high definition EO/IR systems, a variety of ground and foliage-penetrating radars, and sensors for smaller and smaller UAVs.

Recently, it has been observed that the use of carbon composite materials for manufacturing UAV airframes has gained acceptance among manufacturers as ensure reduced weight and enhanced service life. Since the use of carbon composite materials also helps reduce the overall maintenance cost per landing, many manufacturers have started using composite manufacturing technologies for UAVs since the last decade. For instance, a US-based composite product manufacturing company, Fiber Dynamics, has been supplying the main landing gear struts for the Predator B MQ-9 Reaper (a MALE UAV offered by General Atomics) since last ten years

 

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