Market Trends of UAV Navigation Systems Industry
This section covers the major market trends shaping the UAV Navigation Systems Market according to our research experts:
Military Segment is Expected to Register the Highest Market Share in 2019
In terms of application, the military segment has a higher market share in the UAV navigation systems market compared to the civil and commercial segment. The main reason for the higher share of the segment is the increased proliferation of the UAVs into the military sector, due to their enhanced capabilities in providing situational awareness to the ground troops. In the UAV market, the revenues from the military segment comprise more than 80% of the market, which gives a glimpse of how much the segment dominates the global UAV industry. Compared to the civil and commercial segment, the UAVs in the military require better maneuvering capabilities with precision navigation and guidance, as they need to perform complicated tactical missions, which is the main reason for the high cost of the navigation systems in military UAVs. Also, the increased autonomous capabilities of the UAVs in the military are demanding complex system-level architecture of the navigation systems in the UAVs, thereby increasing their market revenues and supporting the growth of the segment.
North America is Anticipated to Account for a Major Share in the Market in 2019
Currently, North America holds the highest market share in the UAV Navigation Systems Market, due to the high usage of UAVs by the defense forces in the United States. UAVs are increasingly being used in North America for various applications including aerial photography, border security, law enforcement, weather research, emergency response, forest fire monitoring, scientific data collection, logistics and last-mile delivery, and traffic monitoring and control. However, the military segment remains the biggest demand generator for the UAVs in North America, as the United States military procures and operates a large number of UAVs every year. With the increasing UAV usage, the demand for UAV subsystems like the navigation systems is increasing in the region. This, coupled with the presence of a large number of UAV manufacturers in the region, is the main reason for the high market share of North America in the UAV navigation systems market.
