Unmanned Aerial Vehicle (UAV) Market to Reach $28 Billion by 2022 - Increasing Defense Budgets of Emerging Economies is Driving Growth - Research and Markets

DUBLIN, Dec 7, 2016 /PRNewswire/ --

Research and Markets has announced the addition of the "Unmanned Aerial Vehicle (UAV) Market - Global Forecast to 2022" report to their offering.

The UAV (Unmanned Aerial Vehicle) 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.

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. However, factors such as lack of skilled and trained personnel, and regulatory policies and procedural issues act as restraints for the growth of the UAV (Unmanned Aerial Vehicle) 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. Globalization, instability due to internal political tensions, and growing trend for automation are the key factors fueling the growth of the UAV (Unmanned Aerial Vehicle) market.

Companies Mentioned:

• 3D Robotics, Inc.
• Aeronautics Ltd.
• Aerovironment, Inc.
• Elbit Systems Ltd.
• General Atomics Aeronautical Systems, Inc. (GA-ASI)
• Israel Aerospace Industries Ltd.
• Lockheed Martin Corporation
• Northrop Grumman Corporation
• Parrot SA
• SZ DJI Technology Co., Ltd.
• Saab AB
• Textron Inc.
• Thales Group
• The Boeing Company

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Industry Trends

7 IoT Drones

8 UAV Market, By Class

9 UAV Market, By Application

10 UAV Market, By Volume Analysis

11 UAV Market, By Payload

12 UAV Market, By Subsystem

13 UAV Market, By Energy Source

14 UAV Market, By Material Type

15 UAV Market, By Funding

16 Regional Analysis

17 Regional Contract Mapping for the UAV Market

18 Competitive Landscape

19 Company Profiles

20 Major UAV Products

21 Appendix

For more information about this report visit http://www.researchandmarkets.com/research/gpx725/unmanned_aerial

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