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Technavio Names Top 5 Vendors in the Global Multirotor UAV Market
March 31, 2016 | Business WireEstimated reading time: 3 minutes
Technavio has announced the top five leading vendors for the global multirotor unmanned ariel vehicle (UAV) market in their latest research report for the period 2015-2019.
To identify the top vendors, Technavio’s market research analysts have considered the top contributors to the overall revenue of this market. The report provides market segmentation by system, and market growth prospects by region (APAC, EMEA, and the Americas).
“Shift toward solar-powered UAVs is likely to emerge as a key trend for the global multirotor UAV market during the course of the forecast period. UAV capabilities are continuously getting enhanced due to advances in technology. Innovations in solar technology, in particular, have led to the creation of UAVs that are powered by solar energy. These UAVs provide high endurance of about 300 hours and are capable of reaching double the height in comparison to traditional UAVs. Some solar-powered UAVs can stay in the air for months or years and can withstand temperatures up to 140°F,” said Abhay Singh, one of Technavio’s lead analysts for defense technology research.
“Leveraging the market potential with these enhanced capabilities, UAV vendors are competing in terms of cost, technology, product efficiency, and life cycle. Thanks to these trends, market competition is increasing making technology cost-effective for end-customers,” added Abhay.
Top five leading vendors in the global multirotor unmanned ariel vehicle (UAV) market:
AeroVironment
AeroVironment was founded in 1971 and is headquartered in California, US. It designs, develops, produces, supports, and operates a portfolio of electric transportation solutions and electric-powered unmanned aircraft systems.
As of April 2015, the company had 663 employees and generated revenue of close to USD 259.39 million and spent around USD 46.5 million on R&D for the fiscal year that ended in April 2015. The subsidiaries of the company include AV Massachusetts, Regenerative Fuel Cell Systems, and SkyTower.
Their UAV segment focuses on the design, production, development, support, and operation of UAVs and tactical missile systems that provide situational awareness, multi-band communications, force protection, and other mission effects to increase the security and effectiveness of customer operations.
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