Unmanned aerial vehicles are also known as drones. UAV is a remotely operated airborne system or aircraft, by a human operator or autonomously by an onboard computer. The collection of information such as aerial videos, and photographs is a common application of unmanned aerial vehicles, since carrying a sensor.
Market Dynamics
The unmanned aerial vehicle market growth is majorly attributed to increasing application of UAV’s in many civil application domains such as real – time monitoring, remote sensing, delivery of goods, security and surveillance, providing wireless coverage, precision agriculture, and civil infrastructure inspection. For instance, in September 2018, 3D Robotics (3DR) entered into a partnership with China-based drone manufacturer Yuneec. Under this partnership, 3DR focused on serving the security needs of U.S. government customers and their vendors in construction, engineering, and public safety sectors. Moreover, the unmanned aerial vehicles are getting adopted by fire department for the safety of firefighters, thus, there is significant demand for UAVs for aerial applications. For instance, in April 2019, DJI entered into a partnership with Los Angeles Fire Department (LAFD) to test and deploy DJI drone technology for public safety applications.
Although drones or unmanned aerial vehicles are meant for beneficial commercial applications, the images captured can be used for illegal activities. Potential criminals may conduct virtual surveillance of banks, government buildings, parks, or schools using online aerial and satellite images. For instance, in January 2017, in India, the Mumbai Police banned all flying objects such as drones and gliders in the city. This action was taken, as they believed that terrorist attacks can be carried out by terrorists through drones that can be controlled by remote or remote controlled aircrafts in high altitude area. If adequate safety measures are not taken, and lack of proper security and privacy issues are expected to hinder the market growth over the forecast period.
Market Taxonomy
This report segments the global unmanned aerial vehicle market analysis on the basis of type, load capacity, duration, range, application, End User, and region. On the basis of type, global unmanned aerial vehicle market analysis is segmented into fixed wing drone, rotary blade drone, and hybrid drone. On the basis of load capacity, the global unmanned aerial vehicle market is segmented into <2Kg, 2-5 Kg, and >5Kg. On the basis of duration, the global unmanned aerial vehicle market analysis is segmented into <30 Minutes, and >30 Minutes. On the basis of range, global unmanned aerial vehicle market is segmented into Short (<25 Kilometers), and Long (>25 Kilometers). On the basis of application, global unmanned aerial vehicle market is segmented into aerial photography, agriculture, emergency and disaster management, inspection & monitoring, remote sensing & mapping, and wildlife research & preservation. On the basis of end user, global unmanned aerial vehicle market is segmented into government and defense, and commercial. On the basis of region, global unmanned aerial vehicle market is segmented into North America, Latin America, Europe, Asia pacific, and Middle East and Africa.
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Detailed Segmentation:
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