DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/ps5bhh/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.
Unmanned aerial vehicles (UAV) were earlier used for military and defense operations. Later with technological advancements, their potential for commercial applications was identified. Before 2014, the use of UAV drones for commercial applications was highly regulated in major countries such as the United States. Post 2014, the Federal Aviation Administration (FAA) has relaxed the norms for the use of UAV drones for commercial applications, and the FAA has also started giving exemptions to companies to make commercial use of drones under Section 333 with some restrictions. As of September 2, 2015, the FAA has granted 1,439 exemptions for the commercial use of drones.
The scope of the report comprises the study of small unmanned aerial vehicles which weigh less than 55 pounds (under 25kg), 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 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 UAV drones market is dominated by key players such as DJI (China), Parrot S.A. (France), 3D Robotics Inc. (U.S.), PrecisionHawk (U.S.) among others.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 UAV Drones Market, By Type
8 UAV Drones Market, By Application
9 UAV Drones Market, By Geography
10 Competitive Landscape
11 Company Profiles
- 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/ps5bhh/uav_drones_market