Dublin, Feb. 24, 2016 (GLOBE NEWSWIRE) --
Research and Markets (
http://www.researchandmarkets.com/research/5pvbqq/uav_drones_market) has announced the addition of the
"UAV Drones Market by Type (Fixed Wing, Rotary Blade, Nano, Hybrid), Application (Law Enforcement, Precision Agriculture, Media and Entertainment, Retail), & Geography (Americas, Europe, APAC, RoW) - Analysis & Forecast to 2020" report to their offering.
The global UAV drones market is expected to reach USD 5.59 Billion by 2020, and it is expected to grow at a CAGR of 32.22% between 2015 and 2020.
The scope of the report comprises the study of small unmanned aerial vehicles which weigh less than 55 pounds (under 25 kgs), including payload used for the various commercial and consumer applications. The report study is best suited for product manufacturers, technology solution providers, forums, alliances, and associations, technology investors among others.
The report focuses on the study of small UAV drones which are used for the commercial applications such as law enforcement/public safety, precision agriculture, media and entertainment, retail, inspection/monitoring, surveying/mapping, hobbyist and do-it-yourself (DIY), and education. Among all the commercial applications, precision agriculture application is expected to grow at the highest CAGR of 42.25% during the forecast period.
The report also segments the global UAV drones market by type and by geography. By type segmentation, drones comprises rotary blade, fixed wing, nano, and hybrid drones. Among such types, the rotary blade drones market held the largest market share in 2014, and it is expected to reach USD 4.93 Billion by 2020, growing at a CAGR of 31.42% between 2015 and 2020. Rotary blade drones are widely preferred by the professionals from the media and entertainment industry for video shooting and photography.
The growth of this market is propelled by increase in demand from the media and entertainment industry, adoption of drones for precision agriculture, and continuous technology additions are some of the significant growth drivers for the UAV drones market. However, the scarcity of trained pilots, security and safety concerns, and air traffic management are the key factors that are restraining the growth of the UAV market. In addition to this, the development of low cost, reliable, and highly automated commercial drones pose a key challenge for the industry players.
The UAV drones market is dominated by the key players such as DJI (China), Parrot S.A. (France), 3D Robotics Inc. (U.S.), PrecisionHawk (U.S.) among others.
- 3D Robotics, Inc.
- Aerovironment, Inc.
- Airware, Inc.
- Drone Deploy
- Hoovy LLC
- Parrot S.A.
- Trimble UAS
- Vdos Global LLC
For more information visit http://www.researchandmarkets.com/research/5pvbqq/uav_drones_market
CONTACT: Research and Markets Laura Wood, Senior Manager firstname.lastname@example.org For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900 U.S. Fax: 646-607-1907 Fax (outside U.S.): +353-1-481-1716 Sector: Agriculture, Legal, Unmanned Aerial Vehicles (UAVs) - Drones, Nanomaterials