Pune, India, June 01, 2018 -- /360iResearch/ -- The report "Global Unmanned Aircraft Systems Market - Premium Insight, Industry Trends, FPNV Positioning Matrix, Competitive News Feed Analysis, Company Usability Profiles, Market Sizing & Forecasts to 2024 (Q1 2018 Update)", published by 360iResearch, states that the global market was valued at USD 12.10 billion in 2017 and is projected to reach USD 42.64 billion by 2024, growing at a CAGR of 19.72% from 2017 to 2024.
The major forces driving the growth of the unmanned aircraft systems market include the increasing demand of drones for commercial application and technology advancements. Moreover, attractive investment is also one of the factors that is driving the market growth. However sometimes risks overplay benefits of unmanned aircraft systems, prevailing less-expensive options, and limited flight endurance and payload capabilities may hinder the market growth. In the middle of difficulty lies opportunity such as the opportunity to exploit geospatial insights, and sense-and-avoid technologies. The possible challenges for the market growth are security, safety and privacy concerns, and complex traffic management system. But key players in the market are overcoming the challenges with continual improvement and innovation.
Based on market, the global unmanned aircraft systems market is studied across Unmanned Aerial Vehicle, and Unmanned Traffic Management. Based on application, the global unmanned aircraft systems market is studied across Agriculture, Audit, Surveillance, Inspection & Monitoring, Consumer Goods & Retail, Energy & Utilities, Environmental Resource Management, and Media & Entertainment. Based on end user, the global unmanned aircraft systems market is studied across Civil & Commercial, Military & Defense, and Public Safety. Based on geography, the global unmanned aircraft systems market is studied across Americas, Europe, Middle East & Africa, and Asia-Pacific.
The report features a competitive scenario of the unmanned aircraft systems market and provides inclusive analysis of key growth strategies adopted by major players. Key company profiled in the study are 3D Robotics, Inc., AeroVironment, Inc., Aeryon Labs, Inc., DJI, Israel Aerospace Industries Ltd., Leptron Unmanned Aircraft Systems, Inc., Lockheed Martin Corporation, Northrop Grumman Corporation, The Boeing Company, and Yamaha Motor Co., Ltd..
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