Unmanned Aerial Vehicle (UAV) market worth $8351.1 million by 2018 – report


According to a new market research report, the total global UAV Market (2013-2018) is expected to reach $8 351.1million by 2018.

The report, entitled “Unmanned Aerial Vehicle (UAV) Market (2013 – 2018)”, notes that this segment will experience a compound annual growth rate (CAGR) of 3.30%.

The report notes that the US has by far been the superior force when it comes to deployment of UAVs in the world, as European deployment is rather different than in the US, with extensive usage of tactical UAVs (TUAVs) and fewer high altitude long endurance (HALE) and medium altitude long endurance (MALE) systems. Small UAVs (SUAVs) have seen robust growth due to their widespread applications.

The (HALE/MALE/SUAV) market has the highest business potential throughout the study period, according to the report, which notes that the USA and Israel will be the maximum revenue generators, among the countries manufacturing UAVs. SPUAV (Solar Powered Unmanned Aerial Vehicles) will be one of the major technological advances in the near future. “We believe the UAV market in the EU will take off and grow rapidly in the coming years from now. A major obstacle may be, if national regulations become too complicated,” stated Ola Fristrom, Managing Director, SmartPlanes AB.

General Atomics Aeronautical Sytems is the leader in UAV market with 18.78% of the market share.

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 the UAE in the Middle East and India, Australia, Japan and South Korea in the Asiap-Pacific. Russia too has an in-depth UAV programme, but their success levels have been limited, the report notes.

In addition to the military market, the market for civilian and commercial unmanned air vehicles is growing. Civilian usage of UAVs is present in Australia, France, South Africa, Sweden and the US. With FAA regulation until 2015, the civilian UAV market will grow at a slower rate when compared to military and security applications. The USA and EU are looking at policies by which they can allow the usage of UAV’s in the national airspaces. Misunderstanding over the lack of safety and privacy of citizens has hindered the civil operational capabilities of UAVs.

According to industry estimates, unmanned aerial system (UAS) operations will increase greatly in a variety of key military and civil areas. About 50 U.S. companies, universities, and government organizations in the U.S. are developing over 150 different unmanned aircraft designs. From an operational, infrastructure and safety perspective, this presents a number of challenges due to the diversity of aircraft, control stations, levels of autonomy, and communications methods.

UAVs are playing an increasingly important role in varied missions such as military attacks, border surveillance, mapping, surveying, weather determination and regional law enforcement. Sophisticated navigation and communications technologies were not available few years back, and increases in armed forces telecommunications satellite bandwidth have made remote operation of UAVs more realistic.

The wars fought in Iraq and Afghanistan has also increased the demand for UAV’s, as identification of and strikes against targets hiding among civilian populations required persistent surveillance. Manned systems could accomplish many if not all of the same goals. But unmanned systems reduce the risk to war fighters by providing a sophisticated stand-off capability that supports intelligence, command and control, targeting, and weapons delivery. These systems also improve situational alertness and reduce many of the poignant hazards inherent in air and ground combat, thus decreasing the likelihood of causing civilian noncombatant casualties.

UAVs have gained favour as ways to reduce risk to combat troops have been established, the cost of hardware and the reaction time in a surgical strike and to conduct missions in areas that can be difficult to access or otherwise considered too high-risk for manned aircraft or personnel on the ground, the report notes.