A latest report has been added to the wide database of Unmanned Aircraft Systems Market by Infinium Global Research. This report studies the
Unmanned Aircraft Systems Market by application (Military, Civil & Commercial, and Public Safety) market status and outlook of global and major
regions, from manufacturers, and end industries. The objective of the study is to identify market sizes of different segments & countries in recent
years and to forecast the values for the next six years. Unmanned Aircraft Systems Market provides opportunities in micro markets for
stakeholders to invest along with the detailed analysis of competitive landscape, latest trends, and product offerings of the major companies in
the Unmanned Aircraft Systems Market. According to report the global unmanned aircraft system market will grow from USD 10.48 billion in
2016 to USD 34.06 billion in 2023, with a CAGR of 18.34%.
The governments around the world are proactively seeking to integrate advance unmanned aircraft system capabilities into their defense forces,
either through research and development of home-grown systems or through the acquisition of imported systems or components. Alliance forces
are using unmanned aircraft system in Afghanistan and Iraq to carry out surveillance operations and deliver critical intelligence to American
ground forces. The development of military grade unmanned aircraft system has been initiated by companies in U.S. and Israel. The component
and standalone unmanned aircraft system manufacturers in these countries have developed indigenous capabilities to cherish partnerships, co-
production and marketing agreements around the world. Furthermore, many European governments and companies have entered into joint
agreements with U.S. companies to develop and build flagship unmanned aircraft system products. For instance, European Aerospace Defense
and Space and Northrop Grumman collaborated to develop the Euro Hawk, a derivative of the flagship Global Hawk.
The majority of the unmanned aircraft system is deployed for military purposes. The lack of standards and regulatory framework and procedures
to govern safe integration for civil and commercial use of unmanned aircraft system limits the adoption of unmanned aircraft system in the
civilian and commercial airspace, thus hampering growth in non-military unmanned aircraft system sector. Liberalization of unmanned aircraft
system market can result in existing military unmanned aircraft system manufacturers dominating civil-use unmanned aircraft system markets.
These vendors can leverage their existing capabilities and technologies in the adaptation of existing platforms or development of new systems for
civil- commercial purposes. However, military unmanned aircraft system manufacturers are expected to face stiff competition from new entrants
in upcoming years. The unmanned aircraft system market for Military applications is highly mature while the Civil and commercial unmanned
aircraft system market is in its early days. Increasing use of unmanned aircraft system for civil and commercial applications has raised many legal
and social issues pertaining to privacy, safety, and security of individuals, and organizations.
The unmanned aircraft system market will grow from USD 10.48 billion in 2016 to USD 34.06 billion in 2023, with a CAGR of 18.34%.”
The North America region dominates the global unmanned aircraft system market in 2016 and the trend is expected to continue over the
forecast period. This can be attributed to increasing penetration of unmanned aircraft system in the military as a well as commercial sector. The