Market Overview

Technavio Announces Top Five Vendors in the Global Multirotor UAV Market Until 2019

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LONDON--(BUSINESS WIRE)--

Technavio has announced the top five leading vendors for the global multirotor unmanned ariel vehicle (UAV) market in their latest research report for the period 2015-2019. This report also lists five other prominent vendors who are expected to contribute to this market's growth over the forecast period.

To identify the top vendors, Technavio's market research analysts have considered the top contributors to the overall revenue of this market. The report provides market segmentation by system, and market growth prospects by region (APAC, EMEA, and the Americas).

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"Shift toward solar-powered UAVs is likely to emerge as a key trend for the global multirotor UAV market during the course of the forecast period. UAV capabilities are continuously getting enhanced due to advances in technology. Innovations in solar technology, in particular, have led to the creation of UAVs that are powered by solar energy. These UAVs provide high endurance of about 300 hours and are capable of reaching double the height in comparison to traditional UAVs. Some solar-powered UAVs can stay in the air for months or years and can withstand temperatures up to 140°F," said Abhay Singh, one of Technavio's lead analysts for defense technology research.

"Leveraging the market potential with these enhanced capabilities, UAV vendors are competing in terms of cost, technology, product efficiency, and life cycle. Thanks to these trends, market competition is increasing making technology cost-effective for end-customers," added Abhay.

Top five leading vendors in the global multirotor unmanned ariel vehicle (UAV) market:

AeroVironment

AeroVironment was founded in 1971 and is headquartered in California, US. It designs, develops, produces, supports, and operates a portfolio of electric transportation solutions and electric-powered unmanned aircraft systems.

As of April 2015, the company had 663 employees and generated revenue of close to USD 259.39 million and spent around USD 46.5 million on R&D for the fiscal year that ended in April 2015. The subsidiaries of the company include AV Massachusetts, Regenerative Fuel Cell Systems, and SkyTower.

Their UAV segment focuses on the design, production, development, support, and operation of UAVs and tactical missile systems that provide situational awareness, multi-band communications, force protection, and other mission effects to increase the security and effectiveness of customer operations.

Cyberhawk Innovations

Cyberhawk Innovations was established in 2008 and is headquartered in Livingston, UK. They provide aerial inspections using unmanned aerial vehicles worldwide. Their clients include Total, SSE, Statoil, Maersk, RWE, Apache, Enquest, CNR, Ineos, Shell, BP, Chevron, and Exxon.

The company offers services such as industrial inspections for onshore oil and gas, offshore oil and gas, and power and utilities and land surveying for utilities, civil engineering, and government and public bodies. The company also offers iHawk, an innovative cloud-based platform allowing utility companies to access data collected by the UAVs.

DJI Innovations

DJI develops and manufactures unmanned aerial systems for commercial and recreational use. The company has offices in China, the US, Germany, the Netherlands, Japan, and Hong Kong. Further, the company launched the tuned propulsion system series, the E305. It is specifically designed for multirotor UAVs, weighing 2-6 pounds. It also introduced the Matrice 100 flight platform and Guidance vision detection system. DJI released the Ronin Thumb Controller, a wireless thumb controller that helps in controlling Ronin or Ronin M. In April 2015, the company launched the new Ronin-M, a next-generation professional camera stabilization gimbal. In the same month, the company also launched its Phantom drone platform, the Phantom 3. It includes the Phantom 3 Professional and the Phantom 3 Advanced.

Israel Aerospace Industries

Israel Aerospace Industries was established in 1953 and is headquartered in Ben Gurion International Airport, Lod, Israel. The company engages in the development and production of solutions and systems for the military, commercial aerospace and defense sectors. They are the largest industrial exporters in Israel. The company's R&D division focuses on launching innovative products and solutions to gain an edge over its competitors. In July 2015, the company launched a robotic container management and storage system for use in ports. In June 2015, the company launched a new ultra-high-frequency active electronically scanned array radar.

Microdrones

Microdrones was established in 2005 and is headquartered in Siegen, Germany. The company provides drones for applications such as the aerial mapping of compounds, countering drug trafficking, protecting borders, monitoring disasters, and firefighting. Its products portfolio includes md4-200, md4-1000, and md4-3000.

Their md4-200 is used for aerial photography and aerial inspections. These can be controlled with a remote control or by using the company's waypoint navigation software. Capable of flying for 30 minutes and has a payload of 7.05 ounces, the body of these drones are made of weather-resistant carbon fiber and can operate at altitudes of up to 3,280 feet. These are also used for applications such as the aerial mapping of compounds, countering drug trafficking, protecting borders, monitoring disasters, firefighting, and tracking and monitoring contamination from nuclear accidents.

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About Technavio

Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.

Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.

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Technavio Research
Jesse Maida
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