Airborne Surveillance: Global Market to Reach $5.81 Billion by 2023 – Opportunity & Challenge Analysis – ResearchAndMarkets.com

The “Airborne
Surveillance Market by Type (LiDAR, Radar, Imaging System), Product Type
(Manned, Unmanned), Application (Military, Defense & Security,
Commercial (Surveying & Mapping, Inspection, & Monitoring)), and
Geography – Global Forecast to 2023” report has been added to ResearchAndMarkets.com’s
offering.

The airborne surveillance market is expected to be valued at USD 4.42
Billion in 2017 and is expected to reach USD 5.81 Billion by 2023, at a
CAGR of 4.7% during the forecast period.

Rapid technological advancements, Internet of Things (IoT), amendments
in laws, the growing demand for UAVs in commercial application, and the
availability of low-cost UAVs are some of the driving factors for the
airborne surveillance market, while air traffic management poses a
challenge for this market.

Major reason behind the growth of unmanned systems is because of its
lower cost, rapid technological advancements, and relaxation in
regulations in different countries. This has given rise to the use of
UAVs in the commercial sector. Increased funding from various investors
and players motivate the companies to manufacture innovative solutions
for the UAV industry, creating various opportunities in the market.

Relaxation in laws is one of the major driving factors for the growth of
commercial application. In recent years, many amendments in laws and
regulations for drone usage have been observed, which have motivated
end-users to increase the use of drones. For instance, the flight
altitude of drones has been increased from 100 feet to 400 feet, and the
flight speed has been modified from 80 mph to 100 mph by FAA (US); the
Government of Canada has made major amendments in the existing laws such
as increasing the weight of drones from 250 g to 1 kg.

Key Topics Covered

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Airborne Surveillance Market, By Type

7 Airborne Surveillance Market, By Product Type

8 Airborne Surveillance Market, By Application

9 Geographic Analysis

10 Competitive Landscape

11 Company Profiles

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View source version on businesswire.com: https://www.businesswire.com/news/home/20180713005184/en/

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