Unmanned Aerial Vehicle (UAV) Market Analysis APAC, North America, Europe, Middle East and Africa, South America - US, Canada, China, Australia, India - Size and Forecast 2024-2028

Published: Jan 2024 Pages: 171 SKU: IRTNTR45890

Unmanned Aerial Vehicle (UAV) Market Forecast 2024-2028

The Unmanned Aerial Vehicle (UAV) Market size is forecast to increase by USD 20.40 billion, at a CAGR of 9.96% between 2023 and 2028. The growth rate of the market depends on several factors, such as the increasing defense spending on unmanned technologies, the low-cost alternative to fighter jets, and the emergence of miniaturized EO/IR systems. In recent years, there have been many changes in the way wars are fought because of advancements in technology and new platforms. Many aviation designers are working to improve performance without increasing operational costs. The market is expanding rapidly due to advancements in technology and increasing demand for aerial surveillance and reconnaissance.

This market research and growth report also includes Market size, historical data (2018-2022), and future projections are presented in terms of value (in USD billion) for all the mentioned segments.

Market Forecasting and Size

Market  Forecast 2024-2028

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Unmanned Aerial Vehicle Market Dynamics

Our researchers studied the market research and growth data for years, with 2023 as the base year and 2024 as the estimated year, and presented the key drivers, trends, and challenges for the market.    

Key Driver - Increasing defense spending on unmanned technologies

Over the last couple of decades, numerous transformations in warfare strategies have been witnessed due to the advent of new technologies and platforms. In addition, powerful nations such as the US, Russia, and China are focusing on the development of sophisticated and powerful weapons that can accelerate the impact of enemy destruction using cost-efficient and reliable sources.

Moreover, UAVs have proven their effectiveness in multiple instances. For instance, drones have been extensively used extensively for counter-terrorism operations, particularly in the Middle East and South Asia. Moreover, the ISIS conflict, the Indo-Pak conflict over Kashmir, Russian military intervention in Ukraine, the Syrian civil war, the Lebanon conflict, and the conflicts between the US and North Korea have increased territorial security threats. Hence, such factors are positively impacting the market. Therefore, it is driving the market growth during the forecast period.

Market Trends and Analysis - Preference for composite-based landing gear design

Several designers in the aviation industry are focused on achieving higher performance without an increase in the related operational costs.  In addition, since the landing gear and its sub-systems account for 6%-12% of the overall weight of a large UAV, enhanced strength of the frame must not be achieved at the expense of increased weight. Therefore, composite materials are being utilized in the design and manufacturing of landing gears.

Moreover, the use of composite materials, in conjunction with the expanded use of titanium on other major structural components, significantly reduces the weight of the landing gear versus previous-generation steel gears.  In addition, the titanium plates fit tightly against the bushing to help mitigate and transfer the heavy loads into the laminate, especially the high-impact loads created on landing a UAV weighing more than 4,000 lbs. Hence, such factors are positively impacting the market. Therefore, it is driving the market growth during the forecast period.

Key Challenge - Non-uniform laws and regulations for production

Drones possess a broader operational range than manned aircraft, with several differentiating physical and operational characteristics. Drones are the most common type of UAVs used in various industries, including agriculture, construction, and logistics. In addition, though governments and commercial bodies utilize UAS for a variety of applications, the scope of usage of such systems is dependent on the laws and regulations of the country.  Furthermore, the numerous regulations that restrict the scope of operations of drones act as a major threat to the mass adoption of drones.

Moreover, the FAA has levied several regulations that impede the growth of the global market. In addition, the most prevalent of the aforementioned restrictions is the line-of-sight rule, which mandates that drone operators to keep the UAS within their scope of vision during flight. Hence, such factors are negatively impacting the market. Therefore, it is expected to hinder the market growth during the forecast period.

UAV Market Segmentation

By Application Segment Analysis: 

The defense and homeland security segment is estimated to witness significant growth during the forecast period. Rapid innovations in microelectronic components, along with other technological advances in the aerospace domain, have resulted in the development of modern tactical UAVs that have better performance characteristics than their predecessors and can be deployed for critically challenging combat missions.  In addition, during the last decade, the adoption rate of MALE UAVs has drastically increased as the major operators such as the US Army, have been seeking to optimize the use of such robotic process automation (RPA) for addressing the persistent challenges in the ISR missions.

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The defense and homeland security segment was the largest segment and was valued at USD 13.06 billion in 2018. Moreover, the Predator and the Reaper, both MALEs, made by the US firm General Atomics, are extensively deployed by the US Army on attack missions as they can be armed with various air-to-surface missiles, as well as laser-guided bombs and have a range of over a thousand miles with an endurance of 14 hours. In addition, other emerging countries such as China, India, and Iran are upgrading their UAV arsenal to counter the threat of being outgunned on the aerial front. Furthermore, China's domestically produced UAV completed a 6-day live-fire test with various ammunition covering both extensive bombing and precise targeting. Hence, such factors are fuelling the growth of this segment which in turn drives the market growth during the forecast period.

Type Segment Analysis:

Based on the type, the market has been segmented into rotary wing, fixed wing, and hybrid. The rotary wing segment will account for the largest share of this segment. A rotor wing segment is a heavier-than-air UAV that flies by harnessing the lift produced by its revolving rotor blades. In addition, a rotor is a number of rotor blades fixed to a single mast. Moreover, static lifting surfaces may also be used in rotorcraft, but the lift produced by one or more rotors is what sets them apart. In addition, rapidly changing security scenarios across borders, along with the increased government funding for the procurement of military equipment, have driven the procurement of UAVs. Furthermore, the applications of UAVs in the military include intelligence, reconnaissance, and surveillance. Hence, such factors are fuelling the growth of this segment which in turn drives the market growth during the forecast period.

Regional Analysis

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APAC is estimated to contribute 45% to the growth by 2028. Technavio's analysts have provided extensive insight into the market forecasting, detailing the regional trends and drivers influencing the market's trajectory throughout the forecast period. The market growth in APAC is fuelled by the expansion of defense capabilities in key countries such as China, India, Japan, and South Korea. In addition, the paradigm shift in favor of unmanned systems reflects the military general tendency to be at par with the most advanced technology available and perceptions of the emergence of asymmetrical warfare. Moreover, the development of home-grown UAVs is likely to increase owing to the rising initiatives for indigenous aerospace platforms, which would significantly boost the market in APAC. Hence, such factors are driving the market growth in APAC during the forecast period.

Who are the leading companies in the UAV market?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

AeroVironment Inc: The company offers UAVs such as Wasp Micro Air Vehicle that has built upon the technology amassed from the earlier DARPA Black Widow MAV program. With a wingspan of 41 cm and a weight of 275 grams.

We also have detailed analyses of the market’s competitive landscape and offer information on 20 market companies, including:

BAE Systems Plc, DELAIR SAS, Draganfly Inc., Dynamatic Technologies Ltd., Elbit Systems Ltd., Field Group AS, General Atomics, Israel Aerospace Industries Ltd., Leonardo S.p.A., Lockheed Martin Corp., Northrop Grumman Corp., Parrot Drones SAS, Rafael Advanced Defense Systems Ltd., Raytheon Technologies Corp., SZ DJI Technology Co. Ltd., Textron Inc., Thales Group, The Boeing Co., and Turkish Aerospace Industries Inc. 

Technavio market forecast the an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies companies into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Companies are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.  

Market Analyst Overview

In the rapidly growing UAV market, demand for versatile vehicles is soaring, with investments pouring in from various sectors worldwide. UAVs equipped with advanced sensors, navigation software, and hardware are revolutionizing industries like logistics, construction, agriculture, and inspection. These small yet powerful drones offer efficient delivery, precise mapping, and potential in various areas of infrastructure development and cargo transportation. With their vertical take-off and landing (VTOL) capabilities, UAVs are becoming indispensable tools for market players looking to capitalize on the expanding opportunities in the UAV sector.

Segment Overview

The market analysis and report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018 to 2028. 

  • Application Outlook
    • Defense and homeland security
    • Commercial and civil
  • Type Outlook
    • Rotary wing
    • Fixed wing
    • Hybrid
  • Region Outlook 
    • North America
      • The U.S.
      • Canada
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • South America
      • Chile
      • Argentina
      • Brazil
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa

UAV Market Scope

Report Coverage

Details

Page number

171

Base year

2023

Historic period

2018-2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 9.96%

Market Growth 2024-2028

USD 20.40 billion

Market structure

Fragmented

YoY growth 2023-2024(%)

9.6

Regional analysis

APAC, North America, Europe, Middle East and Africa, and South America

Performing market contribution

APAC at 45%

Key countries

US, Canada, China, Australia, and India

Competitive landscape

 Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

Key companies profiled

AeroVironment Inc., BAE Systems Plc, DELAIR SAS, Draganfly Inc., Dynamatic Technologies Ltd., Elbit Systems Ltd., Field Group AS, General Atomics, Israel Aerospace Industries Ltd., Leonardo S.p.A., Lockheed Martin Corp., Northrop Grumman Corp., Parrot Drones SAS, Rafael Advanced Defense Systems Ltd., Raytheon Technologies Corp., SZ DJI Technology Co. Ltd., Textron Inc., Thales Group, The Boeing Co., and Turkish Aerospace Industries Inc.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.

Customization purview

If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this UAV Market Research Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the market growth and forecasting between 2023 and 2028
  • Precise estimation of the market growth and trends and its contribution to the market in focus on the parent market
  • Accurate predictions about upcoming market trends and analysis and changes in consumer behavior
  • Market Growth Analysis across APAC, North America, Europe, Middle East and Africa, and South America
  • A thorough market growth analysis and report of the market’s competitive landscape and detailed information about companies
  • Comprehensive market report analysis of factors that will challenge the growth of market  companies

We can help! Our analysts can customize this market research report to meet your requirements. Get in touch

1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Type
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2023
    • 3.4 Market outlook: Forecast for 2023-2028
      • Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)

    4 Historic Market Size

    • 4.1 Global UAV market 2018 - 2022
      • Exhibit 18: Historic Market Size – Data Table on global uav market 2018 - 2022 ($ billion)
    • 4.2 Application Segment Analysis 2018 - 2022
      • Exhibit 19: Historic Market Size – Application Segment 2018 - 2022 ($ billion)
    • 4.3 Type Segment Analysis 2018 - 2022
      • Exhibit 20: Historic Market Size – Type Segment 2018 - 2022 ($ billion)
    • 4.4 Geography Segment Analysis 2018 - 2022
      • Exhibit 21: Historic Market Size – Geography Segment 2018 - 2022 ($ billion)
    • 4.5 Country Segment Analysis 2018 - 2022
      • Exhibit 22: Historic Market Size – Country Segment 2018 - 2022 ($ billion)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2023 and 2028
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2023 and 2028
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2023 and 2028
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2023 and 2028
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2023 and 2028
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2023 and 2028
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2023 and 2028

    6 Market Segmentation by Application

    • 6.1 Market segments
      • Exhibit 30: Chart on Application - Market share 2023-2028 (%)
      • Exhibit 31: Data Table on Application - Market share 2023-2028 (%)
    • 6.2 Comparison by Application
      • Exhibit 32: Chart on Comparison by Application
      • Exhibit 33: Data Table on Comparison by Application
    • 6.3 Defense and homeland security - Market size and forecast 2023-2028
      • Exhibit 34: Chart on Defense and homeland security - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 35: Data Table on Defense and homeland security - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 36: Chart on Defense and homeland security - Year-over-year growth 2023-2028 (%)
      • Exhibit 37: Data Table on Defense and homeland security - Year-over-year growth 2023-2028 (%)
    • 6.4 Commercial and civil - Market size and forecast 2023-2028
      • Exhibit 38: Chart on Commercial and civil - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 39: Data Table on Commercial and civil - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 40: Chart on Commercial and civil - Year-over-year growth 2023-2028 (%)
      • Exhibit 41: Data Table on Commercial and civil - Year-over-year growth 2023-2028 (%)
    • 6.5 Market opportunity by Application
      • Exhibit 42: Market opportunity by Application ($ billion)
      • Exhibit 43: Data Table on Market opportunity by Application ($ billion)

    7 Market Segmentation by Type

    • 7.1 Market segments
      • Exhibit 44: Chart on Type - Market share 2023-2028 (%)
      • Exhibit 45: Data Table on Type - Market share 2023-2028 (%)
    • 7.2 Comparison by Type
      • Exhibit 46: Chart on Comparison by Type
      • Exhibit 47: Data Table on Comparison by Type
    • 7.3 Rotary wing - Market size and forecast 2023-2028
      • Exhibit 48: Chart on Rotary wing - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 49: Data Table on Rotary wing - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 50: Chart on Rotary wing - Year-over-year growth 2023-2028 (%)
      • Exhibit 51: Data Table on Rotary wing - Year-over-year growth 2023-2028 (%)
    • 7.4 Fixed wing - Market size and forecast 2023-2028
      • Exhibit 52: Chart on Fixed wing - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 53: Data Table on Fixed wing - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 54: Chart on Fixed wing - Year-over-year growth 2023-2028 (%)
      • Exhibit 55: Data Table on Fixed wing - Year-over-year growth 2023-2028 (%)
    • 7.5 Hybrid - Market size and forecast 2023-2028
      • Exhibit 56: Chart on Hybrid - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 57: Data Table on Hybrid - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 58: Chart on Hybrid - Year-over-year growth 2023-2028 (%)
      • Exhibit 59: Data Table on Hybrid - Year-over-year growth 2023-2028 (%)
    • 7.6 Market opportunity by Type
      • Exhibit 60: Market opportunity by Type ($ billion)
      • Exhibit 61: Data Table on Market opportunity by Type ($ billion)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 62: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 63: Chart on Market share by geography 2023-2028 (%)
      • Exhibit 64: Data Table on Market share by geography 2023-2028 (%)
    • 9.2 Geographic comparison
      • Exhibit 65: Chart on Geographic comparison
      • Exhibit 66: Data Table on Geographic comparison
    • 9.3 APAC - Market size and forecast 2023-2028
      • Exhibit 67: Chart on APAC - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 68: Data Table on APAC - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 69: Chart on APAC - Year-over-year growth 2023-2028 (%)
      • Exhibit 70: Data Table on APAC - Year-over-year growth 2023-2028 (%)
    • 9.4 North America - Market size and forecast 2023-2028
      • Exhibit 71: Chart on North America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 72: Data Table on North America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 73: Chart on North America - Year-over-year growth 2023-2028 (%)
      • Exhibit 74: Data Table on North America - Year-over-year growth 2023-2028 (%)
    • 9.5 Europe - Market size and forecast 2023-2028
      • Exhibit 75: Chart on Europe - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 76: Data Table on Europe - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 77: Chart on Europe - Year-over-year growth 2023-2028 (%)
      • Exhibit 78: Data Table on Europe - Year-over-year growth 2023-2028 (%)
    • 9.6 Middle East and Africa - Market size and forecast 2023-2028
      • Exhibit 79: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 80: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 81: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
      • Exhibit 82: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
    • 9.7 South America - Market size and forecast 2023-2028
      • Exhibit 83: Chart on South America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 84: Data Table on South America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 85: Chart on South America - Year-over-year growth 2023-2028 (%)
      • Exhibit 86: Data Table on South America - Year-over-year growth 2023-2028 (%)
    • 9.8 US - Market size and forecast 2023-2028
      • Exhibit 87: Chart on US - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 88: Data Table on US - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 89: Chart on US - Year-over-year growth 2023-2028 (%)
      • Exhibit 90: Data Table on US - Year-over-year growth 2023-2028 (%)
    • 9.9 China - Market size and forecast 2023-2028
      • Exhibit 91: Chart on China - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 92: Data Table on China - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 93: Chart on China - Year-over-year growth 2023-2028 (%)
      • Exhibit 94: Data Table on China - Year-over-year growth 2023-2028 (%)
    • 9.10 Canada - Market size and forecast 2023-2028
      • Exhibit 95: Chart on Canada - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 96: Data Table on Canada - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 97: Chart on Canada - Year-over-year growth 2023-2028 (%)
      • Exhibit 98: Data Table on Canada - Year-over-year growth 2023-2028 (%)
    • 9.11 Australia - Market size and forecast 2023-2028
      • Exhibit 99: Chart on Australia - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 100: Data Table on Australia - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 101: Chart on Australia - Year-over-year growth 2023-2028 (%)
      • Exhibit 102: Data Table on Australia - Year-over-year growth 2023-2028 (%)
    • 9.12 India - Market size and forecast 2023-2028
      • Exhibit 103: Chart on India - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 104: Data Table on India - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 105: Chart on India - Year-over-year growth 2023-2028 (%)
      • Exhibit 106: Data Table on India - Year-over-year growth 2023-2028 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 107: Market opportunity by geography ($ billion)
      • Exhibit 108: Data Tables on Market opportunity by geography ($ billion)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 109: Impact of drivers and challenges in 2023 and 2028
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 110: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 111: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 112: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 113: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 114: Matrix on vendor position and classification
            • 12.3 AeroVironment Inc.
              • Exhibit 115: AeroVironment Inc. - Overview
              • Exhibit 116: AeroVironment Inc. - Business segments
              • Exhibit 117: AeroVironment Inc. - Key offerings
              • Exhibit 118: AeroVironment Inc. - Segment focus
            • 12.4 BAE Systems Plc
              • Exhibit 119: BAE Systems Plc - Overview
              • Exhibit 120: BAE Systems Plc - Business segments
              • Exhibit 121: BAE Systems Plc - Key offerings
              • Exhibit 122: BAE Systems Plc - Segment focus
            • 12.5 Draganfly Inc.
              • Exhibit 123: Draganfly Inc. - Overview
              • Exhibit 124: Draganfly Inc. - Business segments
              • Exhibit 125: Draganfly Inc. - Key offerings
              • Exhibit 126: Draganfly Inc. - Segment focus
            • 12.6 Dynamatic Technologies Ltd.
              • Exhibit 127: Dynamatic Technologies Ltd. - Overview
              • Exhibit 128: Dynamatic Technologies Ltd. - Product / Service
              • Exhibit 129: Dynamatic Technologies Ltd. - Key offerings
            • 12.7 Elbit Systems Ltd.
              • Exhibit 130: Elbit Systems Ltd. - Overview
              • Exhibit 131: Elbit Systems Ltd. - Product / Service
              • Exhibit 132: Elbit Systems Ltd. - Key offerings
            • 12.8 Field Group AS
              • Exhibit 133: Field Group AS - Overview
              • Exhibit 134: Field Group AS - Product / Service
              • Exhibit 135: Field Group AS - Key offerings
            • 12.9 General Atomics
              • Exhibit 136: General Atomics - Overview
              • Exhibit 137: General Atomics - Product / Service
              • Exhibit 138: General Atomics - Key offerings
            • 12.10 Israel Aerospace Industries Ltd.
              • Exhibit 139: Israel Aerospace Industries Ltd. - Overview
              • Exhibit 140: Israel Aerospace Industries Ltd. - Product / Service
              • Exhibit 141: Israel Aerospace Industries Ltd. - Key news
              • Exhibit 142: Israel Aerospace Industries Ltd. - Key offerings
            • 12.11 Lockheed Martin Corp.
              • Exhibit 143: Lockheed Martin Corp. - Overview
              • Exhibit 144: Lockheed Martin Corp. - Business segments
              • Exhibit 145: Lockheed Martin Corp. - Key news
              • Exhibit 146: Lockheed Martin Corp. - Key offerings
              • Exhibit 147: Lockheed Martin Corp. - Segment focus
            • 12.12 Northrop Grumman Corp.
              • Exhibit 148: Northrop Grumman Corp. - Overview
              • Exhibit 149: Northrop Grumman Corp. - Business segments
              • Exhibit 150: Northrop Grumman Corp. - Key news
              • Exhibit 151: Northrop Grumman Corp. - Key offerings
              • Exhibit 152: Northrop Grumman Corp. - Segment focus
            • 12.13 Parrot Drones SAS
              • Exhibit 153: Parrot Drones SAS - Overview
              • Exhibit 154: Parrot Drones SAS - Product / Service
              • Exhibit 155: Parrot Drones SAS - Key offerings
            • 12.14 Rafael Advanced Defense Systems Ltd.
              • Exhibit 156: Rafael Advanced Defense Systems Ltd. - Overview
              • Exhibit 157: Rafael Advanced Defense Systems Ltd. - Product / Service
              • Exhibit 158: Rafael Advanced Defense Systems Ltd. - Key news
              • Exhibit 159: Rafael Advanced Defense Systems Ltd. - Key offerings
            • 12.15 Raytheon Technologies Corp.
              • Exhibit 160: Raytheon Technologies Corp. - Overview
              • Exhibit 161: Raytheon Technologies Corp. - Business segments
              • Exhibit 162: Raytheon Technologies Corp. - Key news
              • Exhibit 163: Raytheon Technologies Corp. - Key offerings
              • Exhibit 164: Raytheon Technologies Corp. - Segment focus
            • 12.16 Textron Inc.
              • Exhibit 165: Textron Inc. - Overview
              • Exhibit 166: Textron Inc. - Business segments
              • Exhibit 167: Textron Inc. - Key news
              • Exhibit 168: Textron Inc. - Key offerings
              • Exhibit 169: Textron Inc. - Segment focus
            • 12.17 Thales Group
              • Exhibit 170: Thales Group - Overview
              • Exhibit 171: Thales Group - Business segments
              • Exhibit 172: Thales Group - Key news
              • Exhibit 173: Thales Group - Key offerings
              • Exhibit 174: Thales Group - Segment focus

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 175: Inclusions checklist
                • Exhibit 176: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 177: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 178: Research methodology
                • Exhibit 179: Validation techniques employed for market sizing
                • Exhibit 180: Information sources
              • 13.5 List of abbreviations
                • Exhibit 181: List of abbreviations

              Research Framework

              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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              Key Questions Answered

              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?

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