UAV Market 2026, Increasing Defense Spending On Unmanned Technologies to Boost Growth – Technavio – PR Newswire
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Sep 26, 2022, 01:15 ET
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NEW YORK, Sept. 26, 2022 /PRNewswire/ — The UAV Market size is expected to grow by USD 32.41 billion during 2021-2026, at a CAGR of 18.41% during the forecast period, according to Technavio. The increasing defense spending on unmanned technologies, low-cost alternative to fighter jets, and the emergence of miniaturized EO/IR systems will offer immense growth opportunities.
However, SWAP and bandwidth challenges, technological constraints limiting endurance, and non-uniform laws and regulations will challenge the growth of the market participants.
To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. Request Free Sample Report.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our UAV report covers the following areas:
This study identifies the development of alternate propulsion technologies for UAVs as one of the prime reasons driving the UAV market growth during the next few years. North America will account for 45% of the market’s growth throughout the forecast period. In North America, the US is the region with the largest UAV market. The market in this region will expand more slowly than markets in other regions.
In order to maintain national security, the US must conduct surveillance activities along its extensive border. The US border patrol forces’ operational capabilities have increased the demand for long-endurance UAVs, which will support the expansion of the UAV market in North America throughout the forecast period. Buy Sample Report.
We provide a detailed analysis of around 25 vendors operating in the UAV Market, including some of the vendors as vendors Backed with competitive intelligence and benchmarking, our research reports on the UAV Market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.
Find additional highlights on the growth strategies adopted by vendors and their product offerings, Download Free Sample Report.
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Aircraft Evacuation Systems Market by Product Type and Geography – Forecast and Analysis 2022-2026: The aircraft evacuation systems market share is expected to increase by USD 821.11 million from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 5.36%.
UAV Market Scope
Report Coverage
Details
Page number
120
Base year
2021
Forecast period
2022-2026
Growth momentum & CAGR
Accelerate at a CAGR of 18.41%
Market growth 2022-2026
$32.41 billion
Market structure
Fragmented
YoY growth (%)
17.29
Regional analysis
North America, Europe, APAC, Middle East and Africa, and South America
Performing market contribution
North America at 45%
Key consumer countries
US, Israel, China, Russia, and UK
Competitive landscape
Leading companies, competitive strategies, consumer engagement scope
Companies profiled
AeroVironment Inc., BAE Systems Plc, Draganfly Inc, Dynamatic Technologies Ltd, Elbit Systems Ltd., ELcomponics Sales Pvt. Ltd., General Atomics, Intel Corp., Israel Aerospace Industries Ltd, Lockheed Martin Corp., Northrop Grumman Corp., Parrot Drones SAS, PrecisionHawk Inc, 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 future consumer dynamics, and market condition analysis for the forecast period.
Customization purview
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
Browse for Technavio “Industrials” Research Reports
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Application
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/
SOURCE Technavio
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