Unmanned Aerial Vehicle (UAV) to Gain from Emergence of New Application Areas

UAV Market

The global Unmanned Aerial Vehicle (UAV) is expected to gain impetus from an increasing procurement of military Unmanned Aerial Vehicle (UAV) by defense forces across the world. The report offers recommendations on robust strategies and guidelines for companies to enhance their positions in the market. Our team of highly skilled analysists have conducted extensive primary and secondary research to gather information for this report. Therefore, the data provided is trustworthy and highly accurate. It further offers several insights, namely, the Unmanned Aerial Vehicle (UAV)  trends, growth drivers, hindrances, competitive landscape, key players, and challenges.

 “Semi & Fully Autonomous Technology to Grow Rapidly Owing to Advancements”

In terms of technology, the Unmanned Aerial Vehicle (UAV) is categorized into semi-autonomous, remotely operated, and fully-autonomous. Amongst these, the remotely operated technology holds the highest Unmanned Aerial Vehicle (UAV) share at present. It is because remotely operated drones are used beyond the visual line of sight to perform numerous operations. Additionally, those drones are capable of emergency handover between control channels as well as emergency landing.

The semi-autonomous and fully-autonomous technologies are anticipated to exhibit astonishingly high CAGRs during the forthcoming years. The demand for semi-autonomous technology will rise due to the emergence of new application areas. Fully-autonomous technology, on the other hand, will showcase high demand due to its innovative features, namely, waypoint flight and stability enhancement.

“Requirement of UNMANNED AERIAL VEHICLE (UAV)s for Marine & Border Surveillance Activities to Favor Growth in North America “

The Unmanned Aerial Vehicle (UAV) is geographically divided into Asia Pacific, Europe, North America, the Middle East and Africa, and Latin America. Out of these regions, North America is projected to lead the market during the forecast period. It is likely to occur due to a rise in the adoption of Unmanned Aerial Vehicle (UAV)s for border and marine surveillance activities.

Also, an increasing usage of commercial drones for engineering projects, personal use, security purposes, and agricultural applications in countries, such as Canada and the U.S. are expected to contribute to Unmanned Aerial Vehicle (UAV) growth in this region. Moreover, the presence of several renowned Unmanned Aerial Vehicle (UAV) players, namely, Aeryon Labs, Textron, 3D Robotics, and General Atomics would fuel growth.

“Northrop Bags a Contract from the U.S. Navy and ADF for Supplying MQ-4C Triton UNMANNED AERIAL VEHICLE (UAV)”

Northrop Grumman Corporation, an aerospace and defense technology company, headquartered in Virginia, announced that it has successfully bagged a contract from the U.S. navy and the Australian Defense Force (ADF) in June 2019. The contract is worth USD 65 Million and it will enable Northrop to manufacture and deliver three LRIP Lot 5 MQ-4C Triton Unmanned Aerial Vehicle (UAV)s.

It will also offer associated materials and equipment for two of the ground stations. The ADF requires 7 long endurance and high altitude Triton Unmanned Aerial Vehicle (UAV)s. Northrop will make sure to deliver the same by cooperating with the U.S. navy. Australia will also procure 15P-8A Poseidon MPA for enhancing its capability of maritime surveillance.

The MQ-4C Triton Unmanned Aerial Vehicle (UAV) is based on the U.S. Air Force RQ-4B Global Hawk. It provides maritime ISR capability by utilizing multiple sensors persistently.


Aman is presently working as a content writer at Fortune Business Insights. His key focus is to deliver quality content to his audience. He specializes in blog writing, articles and press releases. As a writer, he believes in learning and exploring different areas to vividly communicate with his readers.

Source:https://www.fortunebusinessinsights.com/industry-reports/unmanned-aerial-vehicle-Unmanned Aerial Vehicle (UAV)-market-101603

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