Unmanned Aerial Vehicle (UAV) Market Worth $8351.1 Million by 2018

DALLAS, June 13, 2013 /PRNewswire/ --

According to a new market research report "Unmanned Aerial Vehicle (UAV) Market (2013-2018)", authored by MarketsandMarkets, the total global UAV Market (2013-2018) is expected to reach $8,351.1 million by 2018 with a CAGR of 3.30%.

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US has by far been the superior force when it comes to deployment of UAVs in the world; European deployment is rather different than in US with extensive usage of TUAVs and fewer HALE and MALE systems. SUAVs have seen a robust growth due to their widespread applications. Apart from US, the countries which have shown major interest in UAVs are as follows: Brazil and Argentina in Latin America; UK, France and Germany in Europe; South Africa in Africa; Israel and UAE in Middle East; India, Australia, Japan and South Korea in APAC. Russia too has an in-depth UAV program, but its success levels have been limited.

In addition to the Military Market, the market for civilian and commercial unmanned air vehicles is growing. Civilian UAV market refers to UAV's operated by non-military government. Civilian usage of UAVs is present in Australia, France, South Africa, Sweden and US. With FAA regulation until 2015, civilian UAV's market will grow at a slower rate when compared to military and security applications. USA and EU are looking at policies by which they can allow the usage of UAV's in the National Airspaces.

The Global Unmanned Aerial Vehicle Market (2013-2018) revenue is expected to grow from $7,098.6 million in 2013 to $8,351.1 million by 2018. Global UAV Market is majorly driven by the growth of demand for Homeland Security. Maritime patrolling and counter privacy is also one of the drivers for this market.

Scope of the Report

This report analyzes the Global UAV Market based on:

In addition to market sizes and forecasts, the report also provides a detailed analysis of the market trends and factors influencing market growth, offering in-depth geographic analysis of the UAV market in APAC, North America, Latin America, Europe, Middle East and Africa. This report draws the competitive landscape of the Global UAV industry, providing an in-depth comparative analysis of the technological and marketing strategies of the key players.

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