UAV surveillance and monitoring have always been crucial in military operations. However, the use of Uavs at the civilian level has been limited. In the current crisis, the demand for UAVs has grown significantly for surveillance, public announcements, monitoring, and guiding local law enforcement. Some countries have also positioned UAVs with ultraviolet cameras to measure body temperature. This allows for surveillance of large areas without physical intervention, reducing the risk of exposure to police officials and staff.
Apart from crisis management, drones are transforming the agriculture and farming industries. By implementing drone technology, farmers can improve crop yields, save time, and make better land management decisions. Drones can gather data, automate farming processes, and increase efficiency. In addition, drones have been used experimentally for pollinating flowers, potentially compensating for the declining bee population.
The Uav Market is expected to reach a value of around US$ 69 billion by 2028, with a compound annual growth rate (CAGR) of 15.5% in the forecast period. This growth can be attributed to the increasing demand for UAVs in various industries.
The global UAV market is segmented based on class, vertical, industry, type, range, and maximum takeoff weight (MTOW). Classes of UAVs include strategic and tactical UAVs, special-purpose UAVs, and small UAVs. Verticals include commercial, government and law enforcement, consumer, and military. Industries benefiting from UAV technology include agriculture, logistics and transportation, energy and power, construction and mining, wildlife and forestry, media and entertainment, insurance, and academics and research.
There are different types of UAVs available, such as fixed-wing VTOL UAVs, fixed-wing UAVs, bicopters, tricopters, quadcopters, octocopters, and rotary-wing UAVs. The range of UAVs can be classified as extended visual line of Sight Uavs, beyond line of sight UAVs, and visual line of sight UAVs, while the MTOW can be categorized as 25-170 kilograms, greater than 170 kilograms, and less than 25 kilograms.
The global UAV market is analyzed on a geographic basis, including regions such as North America, Europe, Asia-Pacific, and the Rest of the World. Major countries covered in the report include the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, and South Africa, among others.
Key players in the global UAV market include Raytheon, Ehang, ECA Group, Turkish Aerospace Industry, Yuneec, General Atomics, Northrop Grumman Corporation, Elbit Systems, Israel Aerospace Industries, and Aerovironment. These companies are actively involved in growth and expansion strategies to gain a competitive advantage in the market.
Overall, the UAV industry is witnessing significant growth due to its versatile applications across various sectors. The market is expected to expand further as technological advancements continue to improve UAV capabilities.
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