Kenneth Research released a report on Asia Pacific Unmanned Aerial Vehicle (UAV) Market consisting of detailed analysis of the market and industry insights over the forecast period of 2022-2031. The latest trends and business opportunities in the market are discussed in the report on the basis of analysis of the market value and calculation of the CAGR during the forecast period. The market is anticipated to grow at a significant CAGR over the forecast period.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Asia Pacific Unmanned Aerial Vehicle (UAV) Market products.
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As per the Eurostat, the total value of the ICT sector in Europe, including the ICT manufacturing and ICT services, was estimated to be more than EUR 475 billion in 2017. In this sector, the ICT services account for the major share as it is predicted to be ten times larger than the share held by ICT manufacturing. ICT services consist of computer programming, consultancy and related activities which held about 49.1% share while the telecommunications activities held around 30.3% share in the segment in 2017. These factors are estimated to impact the market growth in a positive manner in the next few years.
Unmanned aerial vehicles (UAVs) are also called drones or unmanned aircraft systems (UASs). Asia Pacific unmanned aerial vehicle market will grow at a 2020-2026 CAGR of 13.8% with an addressable cumulative market value of $37.42 billion over the next 7 years.
Highlighted with 68 tables and 52 figures, this 222-page report “Asia Pacific Unmanned Aerial Vehicle (UAV) Market 2020-2026 by Offering, Frame, MTOW, Technology, Range, Class, End User, and Country: Trend Forecast and Growth Opportunity” is based on a comprehensive research of the entire Asia Pacific unmanned aerial vehicle market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. In this report 2019 is the base year for market analysis with estimates and forecast covering 2020-2026. (Please Note: The report will be updated before delivery to make sure that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)
According to the statistics by the World Bank, the exports of ICT goods globally increased from 11.164% of total goods exports in 2017 to 11.53% of total goods exports in 2019. Additionally, exports of ICT services increased from 5.61% of service exports (BoP) in 2001 to 10.37% of service exports (BoP) in 2017.
In-depth qualitative analyses include identification and investigation of the following aspects:
• Market Structure
• Growth Drivers
• Restraints and Challenges
• Emerging Product Trends & Market Opportunities
• Porter’s Fiver Forces
The trend and outlook of Asia Pacific market is forecast in optimistic, balanced, and conservative view. The balanced (most likely) projection is used to quantify Asia Pacific unmanned aerial vehicle market in every aspect of the classification from perspectives of Offering, Frame, MTOW, Technology, Range, Class, End User, and Country.
Based on offering, the Asia Pacific market is segmented into the following sub-markets with annual revenue for 2019-2026 included in each section.
• Hardware (further segmented into Frame, Payloads, Avionics, Propulsion, Controller System, Other Systems)
• Software
• Service
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Based on frame, the Asia Pacific market is segmented into the following sub-markets with annual revenue and unit shipment for 2019-2026 included in each section.
• Fixed Wing Drones
• Rotary Blade Drones
• Nano Drones
• Hybrid Drones
Based on maximum take-off weight (MTOW), the Asia Pacific market is segmented into the following sub-markets with annual revenue and unit shipment for 2019-2026 included in each section.
• > 600 Kg
• 150-600 Kg
• 25-150 Kg
• < 25 Kg
Based on technology, the Asia Pacific market is segmented into the following sub-markets with annual revenue and unit shipment for 2019-2026 included in each section.
• Remotely Operated
• Semi-Autonomous
• Fully-Autonomous
Based on range, the Asia Pacific market is segmented into the following sub-markets with annual revenue for 2019-2026 included in each section.
• Visual Line of Sight (VLOS)
• Extended Visual Line of Sight (EVLOS)
• Beyond Line of Sight (BLOS)
Based on class, the Asia Pacific market is segmented into the following sub-markets with annual revenue and unit shipment for 2019-2026 (historical and forecast) included in each section.
• Small UAVs
• Strategic & Tactical UAVs
• Special-purpose UAVs
Based on end user, the Asia Pacific market is segmented into the following sub-markets with annual revenue and unit shipment for 2019-2026 (historical and forecast) included in each section.
• Consumer (further segmented into Prosumers and Hobbyists)
• Commercial (further segmented into Agriculture; Real Estate, Geology and Infrastructure; Insurance Industry; Energy Sector; Industry and Manufacture; Logistics and Retail; Other Verticals)
• Military (further segmented into High-Altitude Long-Endurance (HALE) UAVs, Medium-Altitude Long-Endurance (MALE) UAVs, Small Tactical Unmanned Aircraft Systems (STUAS), Unmanned Combat Air System (UCAS))
• Government
Geographically, the following national/local markets are fully investigated:
• Japan
• China
• South Korea
• Australia
• India
• Rest of APAC (further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, and Sri Lanka)
For each of the aforementioned countries, market analysis and revenue data are available for 2019-2026. The breakdown of major national markets by Frame, Range, and End User over the study years (2019-2026) is also included.
The report also covers current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.
Specifically, potential risks associated with investing in Asia Pacific unmanned aerial vehicle market are assayed quantitatively and qualitatively through GMD’s Risk Assessment System. According to the risk analysis and evaluation, Critical Success Factors (CSFs) are generated as a guidance to help investors & stockholders identify emerging opportunities, manage and minimize the risks, develop appropriate business models, and make wise strategies and decisions.
Key Players:
3D Robotics Inc.
Aeronautics Ltd.
AeroVironment, Inc.
Aeryon Labs
AgEagle Aerial Systems Inc.
Agribotix LLC
Aibotix GmbH
Airware, Inc.
Alibaba Group Holding Limited
Amazon
Ascending Technologies GmbH
Aurora Flight Sciences
AutoCopter Corp.
Aviation Industry Corporation of China (AVIC)
BAE Systems plc
Boeing
Challis Heliplane UAV Inc
China Aerospace Science and Technology Corporation (CASC)
CybAero AB
Cyberhawk Innovations Ltd.
Dajiang Innovation Technology Inc. (DJI)
Delair-Tech
Delta Drone S.A.
Denel Dynamics
Draganfly Innovations
Dreamhammer, Inc.
DroneDeploy
Eagle UAV Services
EHANG, Inc.
Elbit Systems Ltd.
Facebook, Inc.
Flirtey
FT SISTEMAS S.A.
General Atomics Aeronautical Systems
General Dynamics Corporation
Google Inc.
GoPro, Inc.
Guangzhou Geeklink Intelligent Technology Co., Ltd. (Xaircraft)
Hobbico, Inc.
HoneyComb Corporation
Hubsan Technology Co., Ltd. (China)
HUVRData, LLC
Israel Aerospace Industries
Kratos Defense & Security Solutions, Inc.
L-3 Communications Holdings Inc.
Leonardo-Finmeccanica
Lockheed Martin
Marcus UAV Inc
MMist Inc.
Navmar Applied Sciences Corporation
Northrop Grumman Corporation
Precision Drone
PrecisionHawk
Prox Dynamics AS
Proxy Technologies Inc.
Safran S.A.
Schiebel
senseFly
Skycatch Inc
Sky-Futures
Textron Inc.
Thales S.A.
Trimble Navigation Ltd.
URSULA Agriculture Ltd
Walkera Technology Co., Ltd.
Yuneec International
Yamaha Motor Co., Ltd.
(Please Note: The report will be updated before delivery to make sure that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)
The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:
- North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
- Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
- Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth Market Players Analys & Opportunity Outlook
- Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
- Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth Market Players Analysis & Opportunity Outlook
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