Small unmanned aerial vehicle (SUAV) market to grow by USD 11.21 billion from 2023 to 2028; Companies partnerships, collaborations, and agreements to drive the market growth- Technavio
Saturday, November 25, 2023
NEW YORK., Nov. 17, 2023 /PRNewswire/ -- The small unmanned aerial vehicle (SUAV) market size is expected to grow by USD 11.21 billion between 2023 and 2028. However, the growth momentum of the market will be progressing at a CAGR of 13.91% during forecast period. The market is segmented by type (light fixed-wing SUAV, heavy fixed-wing SUAV, multi-rotor VTOL SUAV, and nano SUAV), application (civil and military), and geography (APAC, North America, Europe, Middle East and Africa, and South America).
The report analyses the market size and growth and provides accurate predictions on the growth of the market. View Free PDF Sample
Companies partnerships, collaborations, and agreements are the key factors driving the market growth. Market players are focusing on expanding their business, strengthening their market position, and increasing their sales by adopting business strategies such as partnerships, collaborations, and agreements. Furthermore, market players are consolidating their supply chain network with distributors to extend their international presence.
Key Higlights:
-- The report recognizes the following as some of the key players in the
small unmanned aerial vehicle (suav) market: AeroVironment Inc., Airbus
SE, Airgility, AZUR DRONES SAS, C Astral d.o.o., Elbit Systems Ltd.,
Freebird Aerospace India Pvt. Ltd., General Atomics, Israel Aerospace
Industries Ltd., Leonardo Spa, Northrop Grumman Corp., Parrot Drones
SAS, Red Cat Holdings, Skydio Inc., SwissDrones Operating AG, SZ DJI
Technology Co. Ltd., Teledyne Technologies Inc., The Boeing Co.,
Throttle Aerospace System Pvt Ltd., and Vantage Robotics
-- Small Unmanned Aerial Vehicle (SUAV) Market is fragmented in nature.
-- Market to observe 13.45% YOY growth in 2024.
Market Dynamics:
Key Trend
-- Contracts and agreements with military forces are the primary trend
shaping market growth.
-- The military services are beginning to realize the benefits of SUAV in
improving their ability to operate. The advantages of these unmanned
systems include target collection, surveillance, reconnaissance,
information gathering, and communication relay.
-- The SUAV market is being rapidly developed with ongoing improvement of
sensors, communication systems, propulsion, and autonomous capabilities.
Significant Challenge
-- Vulnerability to cyber hacking is a significant challenge that affects
market growth.
-- Although market players are focusing on developing SUAV systems with the
most cutting-edge technologies and making them infiltration resilient,
manifold advances in the domain of cyber intrusion and hacking still
make them vulnerable.
-- With adversaries being able to block the functioning of SUAV systems
through network infiltration, they will likely be successful in
executing attacks through the deployed drones and such factors
negatively affect the SUAV Market growth.
The report also covers information on upcoming trends and challenges. Explore detailed information by purchasing a report
Keg Segments:
The light fixed-wing SUAV segment is estimated to witness significant growth during the forecast period. The light fixed-wing SUAV is an aircraft that operates without a human pilot on board. The light fixed-wing SUAV may either be operated remotely by a human operator or autonomously by onboard computers.
Get a glance at the market contribution of the segments, Request a Free Sample
Related Reports:
The fuel cells for military unmanned aerial vehicle (UAV) market size is estimated to to increase by USD 232.91 million at a CAGR of 9.82% between 2023 and 2028.
The electric unmanned aerial vehicle (E-UAV) market share is expected to increase by USD 5.42 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 14.36%.
Small Unmanned Aerial Vehicle (SUAV) Market Scope
Report Coverage
Details
Base year 2023
Historic period
2018-2022
Forecast period
2024-2028
Growth momentum & CAGR Accelerate at a CAGR of 13.91%
Market Growth 2024-2028
USD 11.21 billion
Market structure
Fragmented
YoY growth 2022-2023 (%) 13.45
Regional analysis APAC, North America, Europe, Middle East
and
Africa, and South America
Performing market contribution APAC at 32%
Key countries US, Canada, China, India, and France
Competitive landscape Leading Companies, Market Positioning of
Companies, Competitive Strategies, and
Industry
Risks
ToC:
Excustive Summary
Market Landscape
Market Sizing
Historic Market Sizes
Five Forces Analysis
Market Segmentation by Type
Market Segmentation by Application
Market Segmentation by Geography
Customer Landscape
Geographic Landscape
Drivers, Challenges, & Trends
Company Landscape
Company Analysis
Appendix
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com
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