Published on : Nov 21, 2017
Albany, New York, November 21, 2017: The Global Military UAV Market 2017-2027 is the latest report added in the vast repository of ResearchMoz.us which talks about the global landscape of the military UAV market for the given forecast period of 2017 to 2027. The research report covers the global military UAV market in terms of the latest trends that are prevailing in the market, driving and impeding factors of the global market, and the opportunities that may arise in the global market during the course of the forecast period. The research report also offers an in-depth analysis of the present market dynamics and sheds light on the competitive landscape of the global military UAV market. The study report is the compilation of the information collected through extensive assessment of the market and the data gathered from the professionals in the industry. The research report also offers vital information on the key market players that are currently plying their trade in the global military UAV market. The report also maps the overall growth prospects of the global market over the course of the given forecast period of 2017 to 2027.
The global market for military UAV is expected to grow with a steady CAGR of 4.32% over the course of the given forecast period of 2017 to 2027.
The global military UAV market is expected to be chiefly driven by the external and internal threats to the security. In addition to this, factors such as territorial disputes and initiatives for modernization undertaken by the military forces across the globe are also expected to drive the overall growth of the global military UAV market in the coming years. Furthermore, growing demand for UAVs across commercial sectors, increasing advancements in technology associated with UAV and drone payloads, and the overall increase in the defense budgets of the developing nations are also expected to fuel the growth of the global market.
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Depending on the type of application the global military UAV market can be segmented into key segments such as UCAV, HALE, MALE, VTOL UAV, MUAV, and TUAV. The global market for military UAV is expected to be chiefly dominated by the UCAV segment followed by HALE UAV and then by MALE UAV. Numerous government as well as private organizations are undertaking heavy research and development activities to make these military UAVs more efficient and thus are expected to fuel the overall market growth.
The global military UAV market can be further segmented in terms of the source of energy and the type of material. Depending on the source of energy, the global military UAV market is expected to showcase a positive growth of the course of the given forecast period. In terms of type of material, the Carbon Fiber Reinforce Polymer (CFRP) segment of the global market is expected to experience a steady growth rate because of the superior qualities of material such as high strength, improved durability, lower thermal shrinkage, and lightweight.
From a geographical standpoint, the global military UAV market can be segmented into key region such as North America, Asia Pacific, Latin America, Europe, and the Middle East and Africa. The North America market for military UAV has been leading the global market over the last few years and is expected to continue its dominance over the course of the given forecast period of 2017 to 2027. The North America market is projected to account for nearly 34.4% of the overall share of the global military UAV market during the mentioned forecast period. The Asia Pacific market for military UAV is expected to be dominated by Russia, India, China, and Australia.
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