LONDON--(BUSINESS WIRE)--The global remote sensing UAV market is expected to post a CAGR of close to 8% over the period 2018-2022, according to the latest market research report by Technavio.
A key factor driving the growth of the market is the increasing demand for lightweight UAV payload. Potential applications of UAVs in urban areas for remote sensing operations have increased the demand for lightweight payloads. Technology providers are investing heavily in the development of sensors and imaging systems for UAVs. These images are mounted on the UAVs and perform various tasks such as thermographic surveys and defect analysis of wind turbines and solar panels.
This market research report on the global remote sensing UAV market 2018-2022 also provides an analysis of the most important trends expected to impact the market outlook during the forecast period. Technavio classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.
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In this report, Technavio highlights the importance of 3D printing technology as one of the key emerging trends in the global remote sensing UAV market:
Global remote sensing UAV market: Importance of 3D printing technology
The use of 3D printing in production refers to the process of combining consecutive layers of materials using computerized control technology to create an object or component. This technology enables manufacturers to design and manufacture small and micro-components of various shapes and sizes thereby allowing producers to reduce the overall weight of the components. Additionally, the method also provides cost-efficient and just-in-time production of parts.
“Defense and commercial agencies are leveraging the use of 3D printing technologies to design and develop small UAVs that can be used for surveillance and reconnaissance operations. In 2016, the US DoD initiated the development and testing of micro-UAVs produced using 3D printing technology,” says a senior analyst at Technavio.
Global remote sensing UAV market: Segmentation analysis
This market research report segments the global remote sensing UAV market by application (defense, and commercial and civil) and by geographical regions (APAC, EMEA, and the Americas).
In terms of revenue, the defense segment contributed more than the commercial and civil segment in 2017. However, the commercial and civil segment is expected to experience a faster growth rate during the forecast period owing to the growing need to monitor geographical areas.
The Americas led the market with the largest share in 2017, accounting for more than 52% of the market followed by EMEA and APAC. Although APAC held the smallest share of the market it is expected to witness the maximum increase in its market share over the forecast period.
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Some of the key topics covered in the report include:
Market Landscape
- Market ecosystem
- Market characteristics
- Market segmentation analysis
Market Sizing
- Market sizing
- Market size and forecast
Five Forces Analysis
Market Segmentation
Geographical Segmentation
- Regional comparison
- Key leading countries
Market Drivers
Market Challenges
Market Trends
Vendor Landscape
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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