The Unmanned Aerial Vehicle (UAV) is an aircraft which can be operated by using remote control system and it has no operator in the vehicle. These UAV drones are used for reconnaissance operation, navigation and mapping and so on in defense, military and other application industries. There is high scope for the growth of Unmanned Aerial Vehicle (UAV) Industry in various regions across the globe in the upcoming term.
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Scope and Regional Forecast of the Unmanned Aerial Vehicle (UAV) Industry:
In the Unmanned Aerial Vehicle (UAV) Industry, growing investment by countries such as United States, France, China, India and others for equipment of these drones for defense and safety applications is driving the demand in future.
The US in North America is the major investor in the Unmanned Aerial Vehicle (UAV) Industry and many companies in this industry are located in the US, France and Germany. China and India are the major markets in Asia Pacific for high sales of UAV systems.
Military and defense is the leading application of the Unmanned Aerial Vehicle (UAV) Industry closely followed by industrial activities such as oil and gas projects, manufacturing, automotive and others for the monitoring applications in the upcoming years.
The Unmanned Aerial Vehicle (UAV) Industry is a fast developing market with many applications of unmanned drone vehicles for different applications in end user industries across the globe. This market is expected to have high growth owing to the increasing investment by UAV companies for R&D of drone technology and UAV systems, growing adoption of unmanned aerial systems for drone UAV applications in military and industrial sector and growth in production of unmanned drones and unmanned aircraft by UAV manufacturers in various regions across the globe in the upcoming years.
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Segmentation and Key Players of the Unmanned Aerial Vehicle (UAV) Industry:
The Unmanned Aerial Vehicle (UAV) Industry is segmented into various categories by application, by country and by region as follows:
By application: military, airlines, surveillance, industrial, research and others
By country: United States, Germany, Japan and China
By region: North America, Europe and Asia
The key players in the Unmanned Aerial Vehicle (UAV) Industry are as follows:
- Lockheed Martin Corporation (U.S)
- Northrop Grumman Corporation (U.S)
- Israel Aerospace Industries (Israel)
- BAE Systems, plc. (U.K)
- The Boeing Co. (U.S)
There is high demand for UAV helicopter and UAV drone technology for aircraft testing and defense applications in various regions across the globe in the upcoming period.
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