The global critical incident monitoring UAV market size is poised to grow by USD 1.42 billion during 2020-2024, progressing at a CAGR of almost 17% throughout the forecast period, according to the latest report by Technavio. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. Download a Free Sample of REPORT with COVID-19 Crisis and Recovery Analysis.
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Technavio has announced its latest market research report titled Global Critical Incident Monitoring UAV Market 2020-2024 (Graphic: Business Wire)
Public safety is one of the key factors that will drive this critical incident monitoring UAV market. This is ideal for elevated risk and emergencies where we don't want to risk the life of a person. UAVs offer benefits such as high-speed monitoring and lesser costs compared to human workforces and the ability to capture HD and ultra HD quality images. These advantages with minimal risks are what makes UAV an ideal technological breakthrough, and these are the factors that will help in the growth of this industry during the forecast period.
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Report Highlights:
- The major critical incident monitoring UAV market growth comes from the growth of the military segment. The increased use of surveillance, detection, monitoring of conflict zones is the main reasons.
- North America was the largest critical incident monitoring UAV market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. This is attributed to factors such as the emergence of new drone laws will significantly drive critical incident monitoring UAV market growth in this region
- The global critical incident monitoring UAV market is fragmented. AeroVironment Inc., EHang Holdings Ltd., Elbit Systems Ltd., FLIR Systems Inc., Lockheed Martin Corp., Parrot Drones SAS, Raytheon Technologies Corp., SZ DJI Technology Co. Ltd., Thales Group, and The Boeing Co. are some of the major market participants. To help clients improve their market position, this critical incident monitoring UAV market forecast report provides a detailed analysis of the market leaders.
- As the business impact of COVID-19 spreads, the global critical incident monitoring uav market 2020-2024 is expected to have negative impact. As the pandemic spreads in some regions and plateaus in other regions, we continue to revaluate the impact on businesses and update our report forecasts.
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Developments in the sensor market will be a Key Market Trend
Vendors in the global critical incident monitoring UAV market are capitalizing on the availability of mobile, intelligent, and connected sensors to improve the capabilities of their offerings. Critical incident monitoring UAVs are mainly equipped with global positioning system (GPS), inertial, image, and ultrasound-based range sensors. With improvements in functionalities and features, UAVs are increasingly being equipped with thermal, hyperspectral, and multispectral sensors. During this forecast period the development in the sensor market will result in market growth.
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Critical Incident Monitoring UAV Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist critical incident monitoring UAV market growth during the next five years
- Estimation of the critical incident monitoring UAV market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the critical incident monitoring UAV market
- Analysis of the market's competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of critical incident monitoring UAV market vendors
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Executive Summary
Market Landscape
- Market ecosystem
- Market characteristics
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 2024
Five Forces Analysis
- Five forces summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by End-user
- Market segments
- Comparison by End-user
- Military Market size and forecast 2019-2024
- Civilian Market size and forecast 2019-2024
- Market opportunity by End-user
Customer landscape
- Customer landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- North America Market size and forecast 2019-2024
- APAC Market size and forecast 2019-2024
- Europe Market size and forecast 2019-2024
- MEA Market size and forecast 2019-2024
- South America Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
- Volume driver Demand led growth
- Market challenges
- Market trends
Vendor Landscape
- Vendor landscape
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- AeroVironment Inc.
- EHang Holdings Ltd.
- Elbit Systems Ltd.
- FLIR Systems Inc.
- Lockheed Martin Corp.
- Parrot Drones SAS
- Raytheon Technologies Corp.
- SZ DJI Technology Co. Ltd.
- Thales Group
- The Boeing Co.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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