Small UAV Market Projected to Reach $1.9 Billion by 2020

(Source: whatech.com)  

Small UAV Market report categorizes SUAVs by application, payload, propulsion system, and geography.

Small UAV Market by Application (Military, Commercial & Civil, Homeland Security), by Payloads (EO, LiDAR, Laser Designator, Meteorological sensors, Cameras, Telemetry, Autopilot, and NBC detection), by Propulsion System (Hybrid, Hydrogen cell, Solar, Lithium-ion battery), by Geography – Market Forecast and Analysis to 2014 – 2020

Due to economic downturn, major countries like U.S. and the U.K. are witnessing economic difficulties.

The U.S. has witnessed budget cuts in the recent past and it is likely to continue in the near future. The U.S. has announced the budget cut of $178 billion during 2011-2015.

Any budget cut in these countries could slow down the defense industry. Despite these facts, the SUAV market is booming and lot of money is spent on the research and development of SUAVs.

Currently, small UAVs are essentially used to capture and downlink real-time videos. However, the rising demand for high efficiency and high advancements in SUAVs has encouraged the miniature design of high performing mission sensors as payloads.

Various types of small sensors integrated with SUAVs are used for various applications. Amongst these sensors, the electro-optic sensor is the most widely used sensor payload due to its miniaturization as well as its capability to deliver the details in real-time.

Laser designators are in high demand these days due to its accuracy in target strike and minimal collateral damage.

The North American and European SUAV markets are highly fragmented. Intense competition in these regions has forced manufacturers to tap opportunities in the developing nations in the Eastern part of the globe.

The conflicts in the Middle East and APAC regions have increased the demand for SUAVs. Technological advancements in commercial application of SUAVs have largely contributed to the rise in demand for UAVs.

The civilian use of UAVs will start once the FAA regulation is in place. The U.S. Army also plans to install a new ground-based sense and avoid (GBSAA) network at five installations by 2016.

This report provides a market analysis of the global small Unmanned Aerial Vehicle (UAV) and man portable SUAV market over the next six years. It provides detailed analysis of both historic and forecast global industry values, factors influencing demand, the challenges faced by industry participants, analysis of the leading companies in the industry, and key news.

The market for Small UAV has maximum number of applications in commercial and civil sector which include agriculture, mining & natural resource exploration, wildlife research & survey, 3D mapping, film industry& photography, oil & gas, product delivery, and internet connectivity. Amongst all these applications of SUAV, agricultural sector are estimated to contribute highest market share; whereas, the product delivery market is estimated to grow at highest CAGR of 21.92% during the forecast period.

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