Market Overview

North American Small UAV Markets to 2023: Increased Demand for UAV from ISR - ResearchAndMarkets.com

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The "North
America Small UAV Market Segmented by Type, by Propulsion System, and by
Geography Growth, Trends, and Forecast (2018 - 2023)"
report
has been added to ResearchAndMarkets.com's offering.

The North American small UAV market is likely to grow from USD 391.78
million in 2017 to USD 821.2 million by 2023. The industry is expected
to register a CAGR of over 9.25% over the forecast period.

Increased Military Spending

Military expenditure is likely to remain the primary driver of the
market during the forecast period. Used as target decoys for combat
missions, research and development, and supervision, small UAVs have
become part and parcel of the military forces worldwide. The ability of
these UAVs to aid in ISR missions, aerial surveillance, and tactical
operations is driving its augmented adoption.

Small UAVs are expected to continue to be applied in various military
services, due to their high convenience in reducing losses and enabling
the execution of high-profile and time-sensitive missions. The larger
unmanned aerial vehicles, such as HALE, MALE, etc., are used mainly by
the military in combat operations, which require aerial vehicles to have
a long range. Their advantages are limited in short-range and extremely
covert operations, as the larger UAVs have a more significant heat
signature.

Other Key Highlights

  • Increasing Commercial Applications
  • Increased Demand for UAV from ISR
  • Airspace Regulations Could Restrain Growth

Major Developments in the Market

  • Israel Aerospace Industries (IAI) signed a strategic teaming agreement
    for industrial cooperation for SUAV systems with Dynamatic
    Technologies and Elcom Systems in India.
  • The Federal Aviation Administration has selected a small group of
    companies, including Thales, to support their effort to simplify the
    process for small UAS operators, to comply with the current US
    regulations, and safely integrate their operations into the US
    National Airspace System.

Key Topics Covered

1. Introduction

2. Research Methodology

3. Market Insights

4. Market Dynamics

5. North America Small UAV Market, Segmented by Type

6. North America Small UAV Market, Segmented by Application

7. North America Small UAV Market, Segmented by Propulsion System

8. North America Small UAV Market, Segmented by Geography

9. Competitive Landscape

10. Company Profiles

  • Elbit Systems
  • Israel Aerospace Industries (IAI)
  • Thales SA
  • Boeing Corporation
  • Aerovironment
  • Drone America
  • BAE Systems PLC
  • Parrot Drones SAS
  • Da-Jiang Innovations Science and Technology Co. Ltd.
  • Airbus Group
  • DJI
  • Aeronautics Limited

11. Future Market Outlook

For more information about this report visit https://www.researchandmarkets.com/research/76glvw/north_american?w=4

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