Rise In Commercial Use Seen As Principal Driver Of The Trend

New research from ReportsnReports.com indicates that the market for electric Unmanned Aerial Vehicles will grow by more than 18 percent compounded annually through 2018.

According to this electric unmanned aerial vehicles market (UAV) report, the industry will grow at 18.20% CAGR (Compound Annual Growth Rate) for 2013-2018. The cost-effectiveness of Electric Unmanned Aerial Vehicles (UAVs) is a major draw for buyers in this market. In addition, increased interest in the usage of UAVs for commercial applications and the demand for small electric UAVs will also drive market growth through the projected period. Currently, the US leads the market in terms of UAV production and use. However, there has also been a rise in demand from emerging markets, primarily in the Middle East and Asia to include Israel, Russia, the UK, France, Italy, and China.

While the Middle East has emerged as the one of the regions with the highest demand for commercial UAVs, there are many emerging countries who are engaging small electric UAVs in various military and civilian operations. With improvements in technology and the availability of cost-effective systems, developing countries are looking to utilize such UAVs for tactical and surveillance purposes.

This report covers the present scenario and the growth prospects of the Global Electric Unmanned Aerial Vehicles Market for the period 2014-2018. It considers the global overview of the market as well as the market share by region. The report contains projections of the global market for the forecast period. The report also presents the vendor landscape and a corresponding detailed analysis of the leading vendors in the market. In addition, it discusses the major drivers that influence the growth of the market. It also outlines the challenges faced by the industry, as well as the key trends that are emerging in the market.

The Global Electric Unmanned Aerial Vehicles Market 2014-2018 research has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, and the EMEA and APAC regions. The report also includes a discussion of the key vendors operating in this market. Companies discussed in this report include AeroVironment Inc., BAE Systems Inc., Israel Aerospace Industries Ltd., Lockheed Martin Corp., Aeronautics Ltd., Aeryon Labs Inc., Aibotix GmbH, DJI Co. Ltd., Elbit Systems Ltd. and Prox Dynamics AS.

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