Market Research Report
North America Unmanned Aerial Vehicle Market Forecast 2021-2028
|Published by||Inkwood Research||Product code||1014914|
|Published||Content info||158 Pages
Delivery time: 2-3 business days
|North America Unmanned Aerial Vehicle Market Forecast 2021-2028|
|Published: June 20, 2021||Content info: 158 Pages||
The North America unmanned aerial vehicle market is set to record a CAGR of 9.65% during the forecast period, 2021-2028. The presence of key players in the region and the subsequent competition make it a technologically advanced region, facilitating its high expenditure in defense budgets.
The North America unmanned aerial vehicle market growth assessment includes the analysis of the United States and Canada. The introduction of UAVs in the aeronautical landscape of Canada has benefited both end-users and operators. Companies are adopting the strategy of contracts and partnerships to develop long-lasting relationships with partners to provide product differentiation and enhancement. Also, the number of drones for training, surveillance, and monitoring purposes is increasing.
Further, UAVs are regulated in the country under two different licensing streams, the Department of National Defence (DND) and Transport Canada. The latter is responsible for managing, developing, and establishing safety and security standards and regulations for civil aviation. The civil operations include scientific research, use by private sector companies for commercial purposes, and law enforcement. Foreign military or domestic UAVs are under the DND authority, while operating in military restricted or civil airspace. Such aspects contribute to market growth in Canada.
Some of the eminent market players include Saab AB, Elbit Systems Ltd, 3D Robotics Inc, General Atomics Aeronautical Systems Inc, The Boeing Company, etc.