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Remote Sensing UAV Market by Application and Geography - Forecast and Analysis 2020-2024

Remote Sensing UAV Market by Application and Geography - Forecast and Analysis 2020-2024

Published: May 2020 120 Pages SKU: IRTNTR43901

The remote sensing UAV market size has the potential to grow by $ 680.39 million during 2020-2024, and the market’s growth momentum will accelerate during the forecast period.

This report provides a detailed analysis of the market by application (defense and commercial and civil) and geography (North America, Europe, APAC, South America, and MEA). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including AeroVironment Inc., Elbit Systems Ltd., General Atomics, Israel Aerospace Industries Ltd., Lockheed Martin Corp., Northrop Grumman Corp., Raytheon Technologies Corp., Sentera Inc., Thales Group, and The Boeing Co.

What will the Remote Sensing UAV Market Size be in 2020?

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Who are the Major Remote Sensing UAV Vendors?

The market is fragmented. AeroVironment Inc., Elbit Systems Ltd., General Atomics, Israel Aerospace Industries Ltd., Lockheed Martin Corp., Northrop Grumman Corp., Raytheon Technologies Corp., Sentera Inc., Thales Group, and The Boeing Co. are some of the major market participants. Factors such as increasing demand for lightweight UAV payload, the emergence of miniaturized EO/IR systems, and preference for integrated c4isr system will offer immense growth opportunities. However, the vulnerability of UAVs to cyber risks, constraints associated with payload and endurance, and errors in remote sensing data may impede market growth. To make the most of the opportunities, vendors should focus on growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

To help clients improve their market position, this remote sensing UAV market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market’s competitive landscape and offers information on the products offered by various companies. Moreover, this remote sensing UAV market analysis report provides information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.

This report provides information on the production, sustainability, and prospects of several leading companies, including:

  • AeroVironment Inc.
  • Elbit Systems Ltd.
  • General Atomics
  • Israel Aerospace Industries Ltd.
  • Lockheed Martin Corp.
  • Northrop Grumman Corp.
  • Raytheon Technologies Corp.
  • Sentera Inc.
  • Thales Group
  • The Boeing Co.

Which are the Key Markets for Remote Sensing UAV?

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The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. North America will offer several growth opportunities to market vendors during the forecast period. The importance of 3D printing technology, the advent of alternative energy sources, and the rising use of composite-based UAV landing gears will significantly influence remote sensing UAV market growth in this region.

36% of the market’s growth will originate from North America during the forecast period. The US is the key market for remote sensing UAVs in North America. This report provides an accurate prediction of the contribution of all segments to the growth of the remote sensing UAV market size.

What are the Key Factors Covered in this Remote Sensing UAV Market Report?

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will remote sensing UAV market growth during the next five years
  • Precise estimation of the remote sensing UAV market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the remote sensing UAV industry across North America, Europe, APAC, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of remote sensing UAV market vendors

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Research Methodology

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases

DATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts

REPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape

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Frequently Asked Questions

Remote Sensing UAV market growth will increase by 680.39 million during 2019-2024.

The Remote Sensing UAV market is expected to grow at a CAGR of 5.39% during 2019-2024.

Remote Sensing UAV market is segmented by Application( Defense, Commercial and civil) Geographic( North America, Europe, APAC, South America, MEA)

AeroVironment Inc., Elbit Systems Ltd., General Atomics, Israel Aerospace Industries Ltd., Lockheed Martin Corp., Northrop Grumman Corp., Raytheon Technologies Corp., Sentera Inc., Thales Group, The Boeing Co. are a few of the key vendors in the Remote Sensing UAV market.

North America will register the highest growth rate of 36.43% among the other regions. Therefore, the Remote Sensing UAV market in North America is expected to garner significant business opportunities for the vendors during the forecast period.

US, Russian Federation, China, UK, Germany

  • Increasing demand for lightweight UAV payload is the driving factor this market.

The Remote Sensing UAV market vendors should focus on grabbing business opportunities from the Defense segment as it accounted for the largest market share in the base year.