Unmanned Aerial Vehicle Market by Application Types and Trends - 2018

According to a new market research report, "Unmanned Aerial Vehicle (UAV) Market (2013 - 2018)", authored by MarketsandMarkets, the total global UAV Market (2013-2018) is expected to reach $8,351.1million by 2018 with a CAGR of 3.30%.                                        

US has by far been the superior force when it comes to deployment of UAV’s in the world, European deployment is rather different than in US with extensive usage of TUAV’s and fewer HALE and MALE systems. SUAV’s has seen a robust growth due to its widespread applications. Apart from US, the countries which have shown major interest in UAV’s are as follows: Brazil and Argentina in Latin America, UK, France and Germany in Europe, South Africa in Africa, Israel and UAE in Middle East, India, Australia, Japan and South Korea in APAC.

 Russia too has an in-depth UAV program, but their success levels have been limited. In addition to the military market, the market for civilian and commercial unmanned air vehicles is growing. Civilian UAV market refers to UAV’s operated by non-military government. Civilian usage of UAVs is present in Australia, France, South Africa, Sweden and US. With FAA regulation until 2015, civilian UAV’s market will grow at a slower rate when compared to military and security applications. USA and EU are looking at policies by which they can allow the usage of UAV’s in the national airspaces.

The global Unamanned Aerial Vehicle Market (2013-2018) revenue is expected to grow from $7,098.6 million in 2013 to $8,351.1 million by 2018. Global UAV Market (2013-2018) is majorly driven by the growth of demand for Homeland Security. Maritime patrolling and counter privacy is also one of the drivers for this market.

 

Scope of the Report

This report analyzes the Global Unamanned Aerial Vehicle Market (2013-2018) based on:

• UAV Type
• Region
• Country-wise

In addition to market sizes and forecasts, the report also provides a detailed analysis of the market trends and factors influencing market growth, offering in-depth geographic analysis of the Unmanned Aerial Vehicle market in APAC, North America, Latin America, Europe, Middle East and Africa. This report draws the competitive landscape of the Global UAV industry, providing an in-depth comparative analysis of the technological and marketing strategies of the key players.

Source by: http://www.marketsandmarkets.com/Market-Reports/unmanned-aerial-vehicles-uav-market-662.html

Aircraft Health Monitoring Systems Market grow up to $992.0 Million - 2017

Commercial Aircraft Health Monitoring Systems Market is based on the data collected and researched; with the help of primary sources and secondary sources. The report covers the revenues and health monitoring systems installed on various types of aircraft models and the type of HMS which includes line fit and retrofit market.

Aircraft Health Monitoring systems collect diagnostic and prognostic information from an aircraft and have the capability to make appropriate decisions about maintenance actions based on available resources. An aircraft may develop cracks, structural damages due to ground handling, bird hit, lightening strike etc. These cracks or damages may grow to critical sizes over a period of time and can lead to failure. Hence health monitoring systems of an aircraft can reduce unscheduled maintenance and downtime and improve aircraft performance and safety.

The Aircraft Health Monitoring System is expected to grow at a CAGR of 2.1% during the forecast period (2012-2017). The market size of aircraft HMS is estimated to reach $992 million by 2017. The market is driven by increase in aircraft cycles and uninterrupted operations.

More than 5600 number of A320 family line of aircraft has been delivered and a staggering number of more than 4000 aircraft backlog still persist. A320 has a high production rate of 42 aircrafts per month and B737 being the best selling commercial aircraft with production rate increasing from 35 to 38 aircrafts per month. Demand for HMS systems for the narrow body aircraft will increase with rise in production rate of aircrafts per month. The new engine option of single aisle family currently holds 60% of market share and this is a major driver for the HMS market for aero-propulsion systems. The market for engine health monitoring systems is driven by wide body aircrafts like B777 B787and A330. B777 and B787 drive the retro-fit market for aircraft HMS market.

Revenues for the global aircraft health monitoring systems market can be projected to increase year on year, at an average of 2.1%. VLAs like A380 and B747 are major drivers for structural health monitoring system, aero-propulsion, and ancillary systems for the line fit market. Very large aircraft is estimated to be a prospective market for health monitoring systems for line fit market with the increasing number of estimated aircraft deliveries over the forecast period.