Industry Threats & Opportunities
- As the government began cutting funding for industry projects, revenue declined from its post-recession peak
- Strict regulations have prevented the industry from entering the export market in any significant way
- In order to offset uncertain demand from the DoD, manufacturers will seek foreign orders
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Industry Analysis & Industry Trends
Revenue for the Unmanned Aerial Vehicle (UAV) industry soared to a peak in 2010, but has since sharply declined due to reduced demand from the federal government. Over the past five years, the end of major combat missions and congressional efforts to shrink the federal budget deficit have resulted in cuts to defense spending, decreasing revenue for manufacturers of UAVs, which are also commonly called drones. Because these products are heavily regulated, the industry has been largely unable to offset reduced US military demand through sales to other markets. However, in the five years to 2020, the relaxation of regulations on the export and commercial use of drones is expected to provide new growth opportunities for the industry, resulting in increased revenue... ... purchase to read more
Industry Report - Industry Products Chapter
The Unmanned Aerial Vehicle (UAV) Manufacturing industry manufactures UAVs, also commonly referred to as unmanned aerial systems (UAS), are aerial vehicles and equipment that do not carry a human operator, but instead fly autonomously or are remotely piloted.
There are various types of UAVs serving the military and civilian markets, but there is currently no widely accepted classification system for these vehicles, which vary by capability, size, weight, altitude and general operating characteristics, among other factors. In terms of function, UAVs generally fall within one of six categories: target and decoy, reconnaissance, combat, logistics, research and development (R&D), civil and commercial. Tar.. ... purchase to read more
Additional Insights for the
Unmanned Aerial Vehicle (UAV) Manufacturing
Industry
IBISWorld identifies 250 Key Success Factors for a business.The most important for the Unmanned Aerial Vehicle (UAV) Manufacturing Industry are
Undertaking technical research and development Ability to take advantage of government subsidies and other grants Ability to quickly adopt new technology
IBISWorld analysts also discuss how external factors such as Federal funding for defense and Regulation in the Unmanned Aerial Vehicle (UAV) Manufacturing industry impact industry performance... purchase to read more