LONDON--(BUSINESS WIRE)--Technavio has announced the top five leading vendors for the global UAV (unmanned ariel vehicle) market in their latest research report. This research report also lists seven other prominent vendors who are expected to contribute to the market’s growth.
To identify the top vendors, Technavio’s aerospace and defense market research analysts have considered the top contributors to the overall revenue of this market. The report presents market shares and forecasts of UAVs by its various applications. It also segments the market by three geographical regions: Americas, APAC, and EMEA.
“A growing demand for commercial UAVs from APAC will significantly impact the market over the next four years. A majority of APAC nations do not have a high level of restriction for unmanned flight in civil airspace, as compared to the US,” said Abhay Singh, one of Technavio’s lead industry analysts for defense research. “The region supports further market growth for extensive use of civilian UAVs in the forecast period. Japan has used UAVs to assist its aging population of farmers for more than 15 years. Australia has also permitted the use of UAVs for real estate inspections,” added Abhay.
UAVs are finding applications in new areas such as 3D mapping, aerial photography and videography. Being inexpensive, UAVs allow repeated or periodic coverage of a given area, which would otherwise be very costly with a piloted aircraft. UAVs also allow safe and efficient accomplishment of tasks in comparison to manned aircrafts.
Five leading vendors of the global UAV market:
AeroVironment (AV) was founded in 1971 and is headquartered in California, US. They primarily design, develop, and market unmanned aircraft systems (UAS), tactical missile systems, and associated services to the government agencies predominantly to the US DoD (department of defense). As of April 2015, the company had 663 employees, reporting a net revenue of close to USD 259 million in FY2015.
Within the US DoD, AeroVironment services the US Army, Marine Corps, Special Operations Command, Air Force, and allied armed forces. These UASs are used for establishing intelligence, surveillance, and reconnaissance superiority on the front lines of combat zones.
Elbit Systems was founded in 1966 and is headquartered in Haifa, Israel. They engage in the design, development, manufacture, and supply of a comprehensive portfolio of airborne, land, and naval systems and products for homeland security, defense, and commercial aviation application across the globe. As of December 2014, the company had 11,851 employees, reporting a net revenue of close to USD 2.96 billion in FY2014.
Elbit Systems provides a variety of UAS platforms such as Hermes 900, 450, and 90. The company also supplies UAS training systems that are capable of simulating payload performance, malfunctions, and ground control station operations.
General Atomics Aeronautical Systems
General Atomics Aeronautical Systems (GA-ASI) was incorporated in 1993 and is headquartered in California, US. They manufacture and supply remotely piloted aircraft systems, electro-optic, and related mission systems solutions that are used for military and commercial applications across the globe.
GA-ASI also designs and manufactures aircraft platforms, solid-state digital ground control stations, sensor systems ISR exploitation systems, lasers, and high-bandwidth data links that are primarily used for military applications. The company also provides pilot training and support services that are required for UAS field operations.
Israel Aerospace Industries
Israel Aerospace Industries (IAI) was founded in 1953 and is headquartered in Ben-Gurion International Airport, Israel. The company engages in the manufacturing and marketing of military and commercial aerospace and defense systems across the world. It reported a net revenue of close to USD 3.83 billion in FY2014.
IAI, along with its diverse portfolio of military and commercial aerospace technology, designs, develops, and manufactures UAVs and ground control solutions that are used for military applications.
Northrop Grumman was founded in 1939 and is headquartered in Virginia, US. The company provides systems, products, and solutions focusing on aerospace, electronics, information systems, and technical services used by the US government and commercial customers across the globe. As of December 2014, they had 64,300 employees, reporting a net revenue of close to USD 23.98 billion in FY2014.
The company also manufactures and integrates ISR unmanned systems for tactical and strategic missions, which are used by the US Army and allied countries' armed forces.
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Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
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