North America Unmanned Aerial Vehicles (UAV) Market is expected to reach $6,776.9 Million by 2019, at a CAGR of 7.7% from 2014 to 2019

FORT WORTH, Texas, May 5, 2015 /PRNewswire/ --

The North American UAV market size is estimated to grow to $6,776.9 million by 2019 at an expected CAGR of 7.7% during the forecast period from 2014 to 2019.

Browse through the TOC of North America Unmanned Aerial Vehicles (UAV) Market for an analysis of industry trends and segments, with the help of various tables and figures.

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This report comprehensively covers the North American UAV market, which has been segmented on the basis of class types, applications, and countries. The major class types include strategic UAVs, special purpose UAVs, small UAVs, and tactical UAVs. By application, the market has been categorized into military, civil & commercial, and homeland security applications. The major countries covered in the report are U.S. and Canada.

Demand for UAVs is dependent on the defense and civil & commercial sectors in a particular region. The military application comprises 67% share in the total North American UAV market. Different class types of UAVs are used for various critical military applications, such as ISR missions. UAV manufacturers are focused on reducing the weight and size by investing on R&D activities to develop innovative UAV technologies, which would help in improving the overall operational efficiency.  

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Driving factors such as increase in UAV demand for military applications and increasing use for civil & commercial applications are boosting the UAV market, worldwide. Growth in this market will continue to depend largely on UAV defense expenditure as defense forces are the major end users. The strategic UAV market size is estimated to be the largest throughout the forecast period from 2014 to 2019 compared to other class types.

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