Market Research Report
Asia-pacific Unmanned Aerial Vehicle Market Forecast 2021-2028
|Published by||Inkwood Research||Product code||1014912|
|Published||Content info||175 Pages
Delivery time: 2-3 business days
|Asia-pacific Unmanned Aerial Vehicle Market Forecast 2021-2028|
|Published: June 20, 2021||Content info: 175 Pages||
The Asia-Pacific unmanned aerial vehicle market growth is estimated to progress at a CAGR of 10.62% during the forecast period, 2021-2028. The growing geopolitical tensions among the region's countries and rising military budgets have increased the demand for UAVs. China and India are among the major spenders in the region in terms of military hardware.
The Asia-Pacific unmanned aerial vehicle market growth assessment includes the analysis of South Korea, India, Japan, Australia & New Zealand, Thailand, Vietnam, Indonesia, China, and Rest of Asia-Pacific. In Japan, the market growth is driven by the surging use of UAVs for monitoring agricultural lands and crop inspection. Drones can minimize agricultural work and promote data-based agriculture. This has raised their adoption among farmers operating their agricultural operations in the country's rural and urban provinces. Also, the country's agriculture ministry mandates the registration of unmanned aerial helicopters that spray fertilizers, seeds, and pesticides, with an official government organization. Drones, at present, are used for the geological analysis of paddy fields, crop growth management, and pesticide spraying.
In Vietnam, UAVs for civilian purposes like environmental surveys, forest fire-prevention, and scientific research are on the rise. Also, the capabilities and quality of 'made-in-Vietnam' UAVs have improved significantly. At the same time, military UAVs are a novel phenomenon in the country. Though their application is rising, they are majorly used for surveillance, border patrols, training, and search & rescue. Such factors drive market growth in these countries.
Textron Inc, The Boeing Company, Thales Group, Parrot SA, Saab AB, SZ DJI Technology Co Ltd, etc., are among the leading market players.