CNC Machines Market Is Witnessing Significant Growth Owing To Growing Demand For Reduction In Operating Costs Till 2025

 

The global CNC machines market size is anticipated to reach USD 100.9 billion by 2025, according to a new report by Grand View Research, Inc., rising at a CAGR of 6.8% over the forecast period. Increasing need for reducing operating costs, manpower, and errors in components is likely to stoke the growth of the market.

Technological advancements are driving the use of CNC machines in development of highly intricate models/components with a definitive finish. This has subsequently led to a rise in implementation of CNC technology in lathe, milling, laser, grinding, and welding machines. Integration of CNC machines with computer-aided manufacturing (CAM) helps in reducing the time required for manufacturing of work pieces and enables hassle-free production of components.

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Commercial demand for advanced, compact-sized CNC machines with automatic tool changers and multi axis machining technology is on a rise. Several large manufacturing units and plants are increasingly adopting CNC lathes to perform operations such as cutting, drilling, knurling, deformation, facing, and turning operations.

Various milling tools such as Poly Crystalline Diamond (PCD) tools and solid carbide tools are being introduced in the market. These tools offer increased efficiency and versatility while performing operations at the shop floor. These new tools also offer durability, resistance toward high temperatures, and enable better machining with reduction in vibrations, wear, and noise.

Browse full research report on CNC Machines Market: www.grandviewresearch.com/industry-analysis/computer-numerical-controls-cnc-market                                                                                                                  

Further Key Findings From the Study Suggest:

  • The global CNC machines market is anticipated to expand at a CAGR of 6.8% over the forecast period, owing to reduction in cycle time, reduced wastage, and increased efficiency
  • The lathe machines segment held the leading share of over 27% in 2016. The growth of the segment can be attributed to availability of 5-axis operation machinery that increases flexibility, reduces operation time, and avoids collision
  • The milling machines segment is estimated to post the highest CAGR of 9.5% during the forecast period, owing to features such as multi-functionality and reduced time requirement
  • The industrial segment is poised to dominate the market until 2025 and reach a valuation of USD 25.17 billion
  • The Asia Pacific region is projected to witness significant growth over the forecast period, owing to increasing number of manufacturing units
  • Key participants in the market are Amada Co., Ltd.; DMTG Corporation; Haas Automation, Inc.; Okuma Corporation; and Yamazaki Mazak Corporation, among several others.

Browse more reports of this category by Grand View Research: www.grandviewresearch.com/industry/emerging-and-next-generation-technologies

Grand View Research has segmented the global CNC machines market based on type, end use, and region:

CNC Machines Type Outlook (Revenue, USD Billion, 2014 – 2025)

  • Lathe Machines
  • Milling Machines
  • Laser Machines
  • Grinding Machines
  • Welding Machines
  • Winding Machines
  • Others

CNC Machines End-use Outlook (Revenue, USD Billion, 2014 – 2025)

  • Automotive
  • Aerospace & Defense
  • Construction Equipment
  • Power & Energy
  • Industrial
  • Others

CNC Machines Regional Outlook (Revenue, USD Billion, 2014 – 2025)

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • Italy
  • Asia Pacific
    • China
    • India
    • Japan
  • Latin America
    • Mexico
  • Middle East & Africa

Access Press Release By Grand View Research: www.grandviewresearch.com/press-release/global-computer-numerical-controls-cnc-machines-market          

About Grand View Research:

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more information: www.grandviewresearch.com

 

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Location of Things Market To Gain Demand Swiftly Due To Growing Investments In The Industry Till 2025: Grand View Research, Inc.

 

The global location of things market is expected to reach USD 71.6 billion by 2025, growing at a CAGR of 34.07%,  according to a new study by Grand View Research Inc. The increasing penetration of smartphones and enhanced network connectivity coupled with the increasing demand for personalized services are propelling the market growth.

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North America LoT market revenue by application, 2014 – 2025 (USD Million)

Location of things is an emerging sub-category of the IoT concept that enables connected devices to monitor and communicate their geographic location. Enabled by IoT sensors and location technologies embedded into various connected devices allows organizations and service providers to collect a variety of data over the network. Over the years, a variety of location-based services has been introduced, such as Google Maps, Uber, Waze, and many others, which have been enabled by the ability of a smartphone to locate itself. Location being the most vital dimension of the data collected allows service providers to provide contextual content for each user.

Advancements in connected wearable devices, connected vehicles, connected homes, smart cities, and Industrial IoT (IIoT) are bound to open extensive market avenues for the location of things market in the coming years. However, issues related to privacy and safety along with universally accepted standards are expected to challenge the industry.

Browse full research report on Location of Things Market: www.grandviewresearch.com/industry-analysis/location-of-things-market

Further Key Findings From the Study Suggest:

  • North America and Europe accounted for the majority share in the location of things market. Advanced infrastructure and accelerated adoption of smart devices along with the presence of major technology players are the key factors contributing to the regional market dominance.
  • Mapping and navigation applications dominated the global location of things market with a share of 32.6% in 2017. The introduction of various applications, such as Google Maps, HERE Maps, and Apple Maps, among others, has enabled a variety of location-based services that have led to the segment growth.
  • The transportation and logistics vertical segment acquired a major share in the location of things market in 2017, which is followed by the manufacturing and industrial segment. The development of connected car technologies and a variety of logistics solutions have enhanced the operational efficiencies and reduced the time-to-delivery for the transportation sector.
  • Asia Pacific is expected to grow at a CAGR of nearly 35.9% over the forecast period. Advancements in technology infrastructure in countries such China, India, Japan, and other developing nations in the region are expected to drive the industry growth in the coming years.
  • Increasing investments in IoT technologies and location-based services are expected to drive the growth of location of things market. Key market players include Google, HERE, Qualcomm, Apple, Pitney Bowes, and Bosch, among others.

Browse more reports of this category by Grand View Research: www.grandviewresearch.com/industry/emerging-and-next-generation-technologies

Grand View Research has segmented the location of things market on the basis of applications, verticals, and regions:

Application Outlook (Revenue, USD Million; 2014 – 2025)

  • Mapping and Navigation
  • Asset Management
  • Location Intelligence
  • Media and Marketing Engagement

Vertical Outlook (Revenue, USD Million; 2014 – 2025)

  • Retail and Consumer Goods
  • Government, Defense, and Utilities
  • Manufacturing and Industrial
  • Transportation and Logistics
  • Healthcare
  • Others

Regional Outlook (Revenue, USD Million; 2014 – 2025)

  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • Germany
  • Asia Pacific
    • China
    • India
    • Japan
  • Latin America
    • Brazil
    • Mexico
  • Middle East & Africa (MEA)

Access Press Release By Grand View Research: www.grandviewresearch.com/press-release/global-location-of-things-market                                                                

About Grand View Research:

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more information: www.grandviewresearch.com

 

Boosting Demand Of Vision Positioning System Market Due To Increasing use of UAVs (Unmanned Aerial Vehicles) Till 2025

The global vision positioning system market size is expected to reach USD 9.68 billion by 2025, according to a new report by Grand View Research, Inc., registering a 12.0% CAGR during the forecast period. Increased applications in healthcare, defense, and industrial automation sectors are expected to drive the market over the forecast period.

Vision positioning systems are installed in Unmanned Aerial Vehicles (UAVs), Automated Guided Vehicles (AGVs), space vehicles, industrial robots, and other automated devices. The system is used for locating the position of these automated devices using data generated by vision cameras and sensors. The sensors detect the current position of the unmanned device or robot with the help of ultrasonic sound waves and optical sensors.

The market is characterized by constantly evolving technological innovations to enhance the efficiency of vision positioning-enabled devices. Technological advancements are primarily driven by growing adoption of vision sensor-equipped devices and increasing demand for indoor navigation in various industries.

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Growing adoption of UAVs and AGVs in industrial as well as commercial spaces is anticipated to boost the demand for vision positioning systems over the forecast period. Government regulations pertaining to the usage of UAVs are mostly country-specific and are present in many countries including U.S. and U.K. For instance, the German Air Traffic Act defines Unmanned Aerial System (UAS) as vehicles that are not used for recreational purposes, and states that the operation of UASs weighing more than five kilograms will require prior approval from the German Aviation Authority. Furthermore, using a UAS weighing more than 25 kg or operating it beyond the visual line of sight of the operator is usually prohibited.

Growing adoption of automated devices in developed countries and increasing relevance of cost-effective manufacturing in developing countries is expected to maintain the buoyancy and growth of the market.

Browse full research report on Vision Positioning System Market: www.grandviewresearch.com/industry-analysis/vision-positioning-system-market

Further Key Findings From the Study Suggest:

  • Vision positioning cameras are expected to account for the largest revenue share by 2025, registering a CAGR of more than 12.5% over the forecast period
  • Healthcare is expected to emerge as the most lucrative application sector for vision positioning systems on account of growing demand for analytics and navigation
  • By 2025, the defense segment is projected to account for just over 38% of the total vision positioning system market revenue, which is attributed to growing demand for UAVs in the sector
  • In 2016, UAVs and AGVs together accounted for just over 60% of the total revenue in the Asia Pacific region
  • Key players in the industry include DJI Innovations, ABB Limited, Sick AG, and Cognex Corporation.

Browse more reports of this category by Grand View Research: www.grandviewresearch.com/industry/emerging-and-next-generation-technologies

Grand View Research has segmented the global vision positioning system market on the basis of component, location, platform, application, and region.

Vision Positioning System Component Outlook (Revenue, USD Million, 2014 – 2025)

  • Sensor
  • Camera
  • Marker

Vision Positioning System Location Outlook (Revenue, USD Million, 2014 – 2025)

  • Indoor
  • Outdoor

Vision Positioning System Platform Outlook (Revenue, USD Million, 2014 – 2025)

  • Unmanned Aerial Vehicle
  • Automated Guided Vehicle
  • Space Vehicle
  • Industrial Robot
  • Others

Vision Positioning System Application Outlook (Revenue, USD Million, 2014 – 2025)

  • Retail
  • Healthcare
  • Defense
  • Industrial
  • Transportation & Logistics
  • Hospitality
  • Others

Vision Positioning System Regional Outlook (Revenue, USD Million, 2014 – 2025)

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • U.K.
  • Asia Pacific
    • China
    • India
    • Japan
  • Latin America
    • Brazil
    • Mexico
  • Middle East & Africa

Access Press Release By Grand View Research: www.grandviewresearch.com/press-release/global-vision-positioning-system-market                                                             

About Grand View Research:

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more information: www.grandviewresearch.com

Managed Print Services (MPS) Market Worth $49.7 Billion By 2025

 

The global managed print services market is expected to reach USD 49.7 billion by 2025, according to a new report by Grand View Research, Inc. Managed print services provide accurate monitoring of print resources through clearly defined mechanism and analysis. MPS providers emphasize modernization and continuous improvement in their offerings but few communicate the business value of MPS. Enhancing the use of analytics and cloud computing will boost the market over the forecast period.

north-america-managed-print-services-market

Cloud-based deployment mode is expected to hold the largest share of managed print services market over the forecast period. High cost effectiveness with the deployment of managed print services are changing the aspects of conventional IT model. Cloud-based deployment holds the maximum market share as it offers businesses to remotely access their documents and data on the cloud while hybrid deployment mode is expected to be the fastest growing mode of deployment over the next few years.

Large enterprises segment is anticipated to dominate the managed print services market over the forecast period. They are mainly prone to malware, threats, spams and others security concerns. To avoid these, they are focused on managing their operations and processes. Thus, dominating the managed print services market in the forecast period.

Browse full research report on Managed Print Services (MPS) Market: www.grandviewresearch.com/industry-analysis/managed-print-services-mps-market                                                                                                   

Further Key Findings From the Study Suggest:

  • The global managed print services market accounted for USD 26.72 billion in 2016 and is expected to grow at a CAGR of 6.9% from 2017 to 2025
  • Large enterprises segment emerged as the largest segment in 2016 and is estimated to generate revenue over USD 34.43 billion by 2025
  • The market hybrid deployment mode is anticipated to witness the highest growth of a CAGR of 7.1% over the forecast period
  • The North America market hold the largest share in the managed print services market in 2016. The growing startups, heavy demand for managed print services, and favorable government regulations drive the North America managed print services market.
  • Key players include Xerox Corporation, HP, Lexmark, Canon, and Ricoh are accounting for the majority share of the overall market in 2016

Browse more reports of this category by Grand View Research: www.grandviewresearch.com/industry/emerging-and-next-generation-technologies

Grand View Research has segmented the managed print services market report on the basis channel, deployment, organization, application and region:

Managed Print Services Channel Outlook (Revenue, USD Million, 2014 – 2025)

  • Printers/Copiers Manufacturers
  • System Integrators
  • Independent Software Vendors

Managed Print Services Deployment Outlook (Revenue, USD Million, 2014 – 2025)

  • On Premises
  • Cloud based
  • Hybrid

Managed Print Services Organization Outlook (Revenue, USD Million, 2014 – 2025)

  • Small and Medium Enterprises
  • Large Enterprises

Managed Print Services Application Outlook (Revenue, USD Million, 2014 – 2025)

  • BFSI
  • Education
  • Government
  • Healthcare
  • Industrial Manufacturing
  • Retail & Consumer goods
  • Telecom & IT
  • Others

Managed Print Services Regional Outlook (Revenue, USD Million, 2014 – 2025)

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Rest of APAC
  • South America
    • Brazil
    • Rest of South America
  • Middle East & Africa

Access Press Release By Grand View Research: www.grandviewresearch.com/press-release/global-managed-print-services-mps-market                                                          

About Grand View Research:

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more information: www.grandviewresearch.com

 

Gaming Market Is Projected To Grow At A 6.5% from 2014 to 2025: Grand View Research, Inc.

 

The global gaming market size is anticipated to reach USD 171.96 billion by 2025, according to a new report by Grand View Research, Inc., registering a 6.5% CAGR during the forecast period. Technological advancements in gaming hardware and software are anticipated to accelerate market growth over the next eight years.

Gaming has emerged as one of the most lucrative industries in the entertainment sector, besides the music and film industries. Recent technological advancements, such as virtual reality and augmented reality, have been instrumental in opening up several avenues for market expansion.

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The emergence of virtual reality (VR) headsets has significantly impacted the market owing to the immersive gaming experience they offer. Commercialization of VR headsets is on the rise and is increasingly prompting market players to generate VR content to capitalize on the opportunities created by this technology.

Substantial growth in the development of augmented reality (AR) and VR-related products, such as Head Mounted Displays (HMD) and Head-Up Displays (HUD), has remarkably enhanced gaming experience, making it more engaging. The emerging trend of game-based learning is anticipated to boost the adoption of video games in the academia vertical, as it not only helps in improving digital literacy but also facilitates skill development and cognitive growth.

Browse full research report on Gaming Market: www.grandviewresearch.com/industry-analysis/gaming-industry              

Further key findings from the report suggest:

  • The mobile segment is projected to gain momentum and exhibit a CAGR of 7.3% over the forecast period, owing to increasing smartphone penetration across the globe
  • Use of tablet phones for improved viewing and playing experience is further expected to contribute to the growth of the mobile device segment
  • The online segment is estimated to witness substantial growth over the next eight years, expanding at a CAGR of 8.6% from 2017 to 2025. This can be attributed to increasing broadband penetration and growing online betting, gambling, and social network gaming
  • The Asia Pacific market is expected to gain traction, attaining a market size of USD 86.84 billion by 2025
  • Emerging countries such as China, India, and South Korea are offering lucrative growth opportunities for market augmentation, which can be partly attributed to growing smartphone and Internet penetration in these countries
  • Prominent players dominating the global gaming market include Tencent Holdings Limited, Nintendo Co., Ltd., Microsoft Corporation, and Sony Corporation

Browse more reports of this category by Grand View Research: www.grandviewresearch.com/industry/emerging-and-next-generation-technologies

Grand View Research has segmented the global gaming market on the basis of device, type, and region:

Gaming Device Outlook (Revenue, USD Billion, 2014 – 2025)

  • Console
  • Mobile
  • Computer

Gaming Type Outlook (Revenue, USD Billion, 2014 – 2025)

  • Online
  • Offline

Gaming Regional Outlook (Revenue, USD Billion, 2014 – 2025)

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • U.K.
  • Asia Pacific
    • China
    • Japan
    • South Korea
  • Latin America
    • Brazil
  • Middle East & Africa

Access Press Release By Grand View Research: www.grandviewresearch.com/press-release/global-gaming-market                                                  

About Grand View Research:

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more information: www.grandviewresearch.com

 

The Increasing Demand For Enhancing Soldier Safety & Ensuring Survivability Will Helping To Grow Body Armor Market Till 2024.

 

The global body armor market size is expected to reach USD 5,661.0 million by 2024 according to a new study by Grand View Research, Inc.The evolution of modern day warfare has largely become asymmetric in nature and includes counter-terrorism, counter-insurgency, and guerrilla warfare operations. Similar scenarios exist in the law enforcement sectors wherein felons, criminals, and law offenders are capable of fatally injuring responding officers, thus necessitating the demand for body armor equipment.

The rise in military warfare is propelling the need for ballistic protection equipment in order to safeguard the armed forces. Emerging economies, such as India, South Korea, and China, are persistently focusing on the replacement of legacy military equipment and are subsequently increasing their spending in the defense sector. Modernization activities are creating several opportunities for the vendors of body armor, which, in turn, are trying to obtain a competitive edge by collaborating with the military agencies through a contractual process.

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North American body armor market revenue by type, 2014 – 2024 (USD Million)

The defense agencies in developed countries, such as the U.S., Canada, and France, are laying high emphasis on enhancing personal protection for armed forces & ground troops and are, thus, focusing on upgrading the conventional protective headgears and body armor capabilities.

Technological advances are the key instruments in accelerating the market growth as innovative techniques, such as liquid body armor and dragon skin, are gaining momentum. In addition to this, the demand for modular tactical vests and double-sided combat uniforms is on a rise due to its features offering enhanced protection and ensuring soldier survivability.

Prominent manufacturers of personal protection suits are increasingly investing on R&D activities for the development of advanced fibers, fabrics, and nanotechnology materials to improve the effectiveness of the body armor. The use of modular tactical vests is gaining momentum and is rapidly replacing the conventional Outer Tactical Vest (OTV), which limits the soldier’s efficiency of carrying additional assault load such as magazine (firearms) and grenades.

Browse full research report on Body Armor Market: www.grandviewresearch.com/industry-analysis/body-armor-market

Further key findings from the report suggest:

  • The type 3A segment accounted for 21.8% of the overall market share (in terms of revenue) in 2015. The body suit offers protection against the type 1, type 2A, type 3, and most handgun threats. Furthermore, the armor is suitable for the full-time wear in several warfare and combat situations.
  • The civilian demand for personal body suits accounted for 7.4%of the total market share (in terms of revenue) in 2015 and is anticipated to reach 7.7% by 2024. The demand is particularly high in the U.S. A significant rise in the crime rates and incidents of mass shooting in the U.S. is driving the demand for armor vests among civilians.
  • The ‘other’ materials segment is presumed to witness an upsurge in the demand owing to the wide-scale adoption of nanotechnology materials fibers and fabrics, such as Kevlar and STF, among others, for manufacturing breathable and light-weight body protection suits. The ‘other’ materials segment accounted for 14.2% of the global market share(in terms of revenue) in 2015 and is projected to account14.9% by 2024.
  • The North American regional market accounted for 49.5% of the global revenue share in 2015. Government initiatives, such as the U.S. Army Equipment Modernization Strategy and Soldier Protection System (SPS), are remarkably contributing to the industry expansion in the North American region.
  • Prominent players operating in the market include AR500 Armor, Ballistic Body Armor (Pty) Ltd., Aegis Engineering Ltd., BAE Systems, Craig International Ballistics Pty Ltd., Kejo Ltd., Hellweg International, Point Blank Enterprises Inc., Pacific Safety Products Inc., and Safariland LLC.

Browse more reports of this category by Grand View Research: www.grandviewresearch.com/industry/emerging-and-next-generation-technologies

Grand View Research has segmented the global body armor market on the basis of type, application, material, and geography:

Body Armor Type Outlook (Revenue, USD Million, 2014 – 2024)

  • Type 1
  • Type 2A
  • Type 2
  • Type 3A
  • Type 3
  • Type 4

Body Armor Application Outlook (Revenue, USD Million, 2014 – 2024)

  • Defense
  • Law enforcement protection
  • Civilians

Body Armor Material Outlook (Revenue, USD Million, 2014 – 2024)

  • Steel
  • UHMWPE
  • Aramid
  • Composite ceramics
  • Others

Body Armor Regional Outlook (Revenue, USD Million, 2014 – 2024)

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • MEA

Access Press Release By Grand View Research: www.grandviewresearch.com/press-release/global-body-armor-market                                                   

About Grand View Research:

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more information: www.grandviewresearch.com

 

Commercial UAV Market Is Projected To Grow Rapidly Due To Effective Adoption Of UAV For Law Enforcements Till 2022.

 

The global commercial UAV market size is expected to reach USD 2.07 billion by 2022, according to a new study by Grand View Research, Inc.

Increasing applications in agriculture and law enforcement are expected to drive the commercial UAV industry growth over the forecast period. Commercial drones are finding applications across various industry verticals globally. Every industrialized country in the world is making investments in drones, thus driving the scope and technological developments for applications in the commercial UAV market.

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U.S. commercial UAV market by application, 2012-2022, (USD Million)

Drones are contemporary alternatives for activities, where human life cannot be risked. Such drones find applications in various industrial verticals including military, homeland security, retail, and agriculture. The demand is significantly higher for military applications, although commercial applications are progressively catching up.

Aviation regulatory bodies such as the Federal Aviation Administration (FAA) have imposed restrictions on the use of such drones taking into consideration the difficulties in managing such huge air traffic and the safety of the citizens. However, the FAA is known to be undertaking an initiative to accelerate the UAV approval process for public safety agencies and broaden access to civilian organizations for a variety of commercial, industrial, and other applications.

Browse full research report on Commercial UAV Market: www.grandviewresearch.com/industry-analysis/commercial-uav-market      

Further key findings from the report suggest:

  • Rotary blade drones accounted for over 70% of the global market share owing to their easy maneuverability and compact design. Moreover, such single and multi-rotor drones equipped with rotary blades have Vertical Take-Off and Landing (VTOL) abilities for applications, where there is limitation of space for fixed blade drones to take off. The development of advanced hybrid UAVs that operate on non-conventional sources of energy and nano, small miniature drones serve multiple applications across various industry verticals.
  • Government applications dominated the global commercial UAV industry constituting over 40% of the market share in 2014. Increasing applications in law enforcement, security and surveillance, R&D activities, infrastructure, disaster management, and environmental studies have led to an increased demand for such unmanned aerial vehicles from the concerned government agencies. Innovative applications across agricultural sector have made it the fastest growing application segment, which is projected to grow at a CAGR of over 18% from 2015 to 2022. Special agricultural drones can take snapshots of fields and help in analyzing crops. In addition, fix winged drones can be used for applications such as watering, spreading seeds, fertilizers, and pesticides over large farm fields that drastically reduce the time required and increase the efficiency.
  • North America is expected to grow at a CAGR of over 16% over the forecast period on account of concentration of major drone manufacturers and increasing applications in the commercial sectors in the region. Governments and technology giants across the world are striving hard to provide internet to the people as a basic necessity. Facebook Inc. recently acquired Ascenta, a drone manufacturer for its pilot project to provide internet in remote areas using drones as movable wireless access points. Relaxation in regulations and increasing use of drones in law enforcement activities in Europe have led to the regional industry growth.
  • Major industry participants include AeroVironment Inc., BAE Systems, DJI, Elbit Systems, Parrot SA, Israel Aerospace Industries, The Boeing Company, and Textron Inc. Manufacturers resort to mergers and acquisitions as their key growth strategy to make their presence felt in the industry. Augmented funding, technological collaborations, and government agencies are expected to emerge as critical success factors for industry growth.

Browse more reports of this category by Grand View Research: www.grandviewresearch.com/industry/emerging-and-next-generation-technologies

Grand View Research has segmented the global commercial UAV market on the basis of product, application, and region:

Commercial UAV Product Outlook (Revenue, USD Billion, 2012 – 2022)

  • Fixed wing
  • Rotary blade
  • Nano
  • Hybrid

Commercial UAV Application Outlook (Revenue, USD Billion, 2012 – 2022)

  • Agriculture
  • Energy
  • Government
  • Media & Entertainment
  • Others

Commercial UAV Regional Outlook (Revenue, USD Billion, 2012 – 2022)

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • MEA

Access Press Release By Grand View Research: www.grandviewresearch.com/press-release/commercial-uav-market-anaylisis                                                

About Grand View Research:

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more information: www.grandviewresearch.com