1 Introduction
1.1 What is this Report About?
1.2 Definitions
1.3 Summary Methodology
1.4 About Strategic Defence Intelligence

2 Executive Summary

3 Global UAV Market Size and Drivers
3.1 UAV Market Size and Forecast 2015-2025
3.1.1 Global UAV market is estimated at US$115.7 billion during the forecast period
3.2 Global UAV Market - Regional Analysis
3.2.1 North America constitutes the majority share in the global UAV market
3.2.2 Demand for UAVs in the US to spur the North American UAV market
3.2.3 Focus on domestic suppliers and joint development programs to represent European UAV expenditure
3.2.4 UAV market expected to grow at a CAGR of 6.58% in the Asia-Pacific region
3.2.5 Regional unrest to trigger UAV demand in the Middle East during the forecast period
3.2.6 Brazil to dominate the UAV market in Latin America
3.2.7 African markets expected to grow as western defense manufacturers focus on the region
3.3 UAV Sub-Sector Market Size Composition
3.3.1 UCAVs forecast to constitute the largest share of the UAV market
3.3.2 Market for HALE UAVs expected to increase at a CAGR of 5.07% during the forecast period
3.3.3 Need for real-time persistent surveillance to drive the MALE UAV market during the forecast period
3.3.4 Demand for TUAVs to grow at a CAGR of 2.29% during the forecast period
3.3.5 Market size of VTOL UAVs is estimated to be US$8.4 billion during the forecast period
3.3.6 Market for MUAVs expected to grow at a CAGR of 6.83%
3.4 Demand Drivers and Growth Stimulators
3.4.1 Demand for UAVs propelled by internal and external security threats
3.4.2 Territorial disputes anticipated to increase global demand in UAVs for border monitoring
3.4.3 Need for advanced defense systems creates market opportunity for UAVs
3.5 Defense Budget Spending Review
3.5.1 European capital expenditure expected to increase during the forecast period
3.5.2 Asian defense budgets expected to increase at a robust pace
3.5.3 North American defense expenditure projected to increase marginally during the forecast period
3.5.4 Modernization programs likely to drive defense expenditure in South American countries
3.5.5 Military budgets of African countries expected to increase during the forecast period
3.5.6 Middle Eastern defense budgets likely to increase during the forecast period
3.6 Defense Modernization Review
3.6.1 Financial constraints causing delays in European defense modernization programs
3.6.2 Defense budgets of Asian countries likely to be driven by competitive arms acquisitions
3.6.3 Global economic slowdown leading to defense budget cuts in the North American region
3.6.4 Need to replace aging equipment driving South American defense expenditure
3.6.5 Security threats increasing the defense budget of African countries
3.6.6 Demand for air defense systems is likely to increase in the Middle East

4 Industry Trends Recent Developments and Challenges
4.1 Technological Developments
4.1.1 Solar-powered UAVs aims for enhanced endurance
4.1.2 Enhancement of survivability is critical for a mission’s success
4.1.3 Technological advancements key to introduction of multi-mission UAVs
4.1.4 Co-operation among defense ministries of different countries to drive innovation in universal control systems
4.1.5 Laser-powered UAVs offer unlimited endurance with no need to land
4.2 Market Trends
4.2.1 UCAVs emerge as a key category for research and development expenditure
4.2.2 In the forecast period demand for solar-powered UAVs is projected to increase
4.2.3 The market is currently witnessing a shift from the procurement of conventional UAVs to Mini Micro and nano UAVs
4.3 Industry Consolidation
4.3.1 Joint research and development programs to remain robust
4.3.2 Defense firms seek to acquire or partner UAV developers with niche capabilities
4.4 Key Challenges
4.4.1 Austerity measures slowing down procurements
4.4.2 High accident rates impede the global UAV industry
4.4.3 International associations such as Missile Technology Control Regime restrict UAV exports
4.4.4 Miniaturization is becoming a major challenge for the industry

5 SWOT Analysis of the UAV Market
5.2 Strengths
5.2.1 Global increase in demand instigated by technological innovations
5.2.2 UAVs excel as force multipliers
5.2.3 Global demand rises due to lower cost of acquisition and operations
5.2.4 Increase in asymmetric conflicts to further the demand for UAVs
5.3 Weaknesses
5.3.1 High accident rates impede growth
5.3.2 High research and development expenses can increase unit cost
5.3.3 Payload limitations hinder growth of UAVs in combat roles
5.3.4 Vulnerability of UAVs to cyber attacks
5.4 Opportunities
5.4.1 Demand for UAVs grow amidst shrinking defense budgets
5.4.2 Demand for multirole defense systems is rising
5.4.3 Increasing demand for UAVs to be used in domestic law enforcement and internal security roles
5.5 Threats
5.5.1 Indigenous capabilities may pose a threat to established companies
5.5.2 UAVs may be substituted by refurbished manned aircraft
5.5.3 Export controls threaten leading UAV manufacturers with restrictions on sales

6 Country Analysis - UAV Market
6.1 United States Market Size and Forecast 2015-2025
6.1.1 HALE UAV market expected to value US$15.3 billion over the forecast period
6.1.2 UCAVs to account for the second largest area of expenditure by the US
6.1.3 Expenditure on MALE UAVs to increase at a CAGR of 8.17% over the forecast period
6.2 Canada Market Size and Forecast 2015-2025
6.2.1 Expenditure on UCAV is expected to increase at a CAGR of 4.14%
6.3 France Market Size and Forecast 2015-2025
6.3.1 French expenditure on UCAVs to account for the highest segment of expenditure
6.3.2 Market for MALE UAVs to account for the second largest segment of expenditure
6.4 UK Market Size and Forecast 2015-2025
6.4.1 UCAVs expected to account for the highest segment of expenditure in the UK
6.4.2 Expenditure on TUAVs to grow at a CAGR of 6.38% over the forecast period
6.5 Russia Market Size and Forecast 2015-2025
6.5.1 MALE UAVs to account for the largest segment of expenditure in Russia
6.5.2 Russian expenditure on UCAV to grow at a CAGR of 26.85%
6.5.3 VTOL UAVs to account for the third largest market in Russia
6.6 China Market Size and Forecast 2015-2025
6.6.1 China’s UCAV market to account for the highest segment of expenditure over the forecast period
6.6.2 HALE UAVs to account for the second largest segment of expenditure in China
6.6.3 China’s MALE UAV expenditure expected to grow at a CAGR of 4.14%
6.7 India Market Size and Forecast 2015-2025
6.7.1 Expenditure on HALE UAVs to dominate spending in the sector over the forecast period
6.7.2 Expenditure on UCAVS to account for the second highest share of Indian expenditure
6.7.3 Market for MALE UAVs to exhibit a CAGR of 9.90% over the forecast period
6.8 South Korea Market Size and Forecast 2015-2025
6.8.1 HALE UAV procurement expected to account for the largest share of South Korean UAV market
6.8.2 South Korean expenditure on TUAVs to increase at a CAGR of 5.54% over the forecast period
6.9 Saudi Arabia Market Size and Forecast 2015-2025
6.9.1 UCAVs expected to account for the largest segment of expenditure over the forecast period
6.9.2 Market for MALE UAVs to grow at a CAGR of 11.61%
6.1 Israel Market Size and Forecast 2015-2025
6.10.1 MALE UAVs expected to comprise highest expenditure over the forecast period
6.11 The UAE Market Size and Forecast 2015-2025
6.11.1 UCAV market in the UAE to register a growth of 4.52% over the forecast period
6.12 Brazil Market Size and Forecast 2015-2025
6.12.1 Brazilian investment on MALE UAVs to grow at a CAGR of 4.29%
6.12.2 TUAVs to account for the second largest segment of expenditure by Brazil over the forecast period
6.12.3 Consistent procurement of MUAVs expected over the forecast period
6.13 South African Market Size and Forecast 2015-2025
6.13.1 TUAVs to account for a major portion of spending by South Africa on UAVs
7 Major UAV Programs
7.1 High Altitude Long Endurance Unmanned Aerial Vehicles (HALE UAVs)
7.1.1 Global Hawk - US
7.1.2 MQ-4C Triton - US
7.1.3 Zephyr - US
7.2 Unmanned Combat Aerial Vehicles (UCAVs)
7.2.1 Taranis - UK
7.2.2 nEUROn - Europe
7.2.3 Unmanned Carrier-Launhed Airborne Surveillance and Strike (UCLASS) - US
7.2.4 Avenger (Predator C) - US
7.3 Medium Altitude Long Endurance Unmanned Aerial Vehicles (MALE UAVs)
7.3.1 Eitan (Heron TP) - Israel
7.3.2 Rustom I - India
7.4 Mini Unmanned Aerial Vehicles (MUAVs)
7.4.1 RQ-11 Raven - US
7.4.2 RQ-20A Puma - US
7.4.3 Skylark II - Israel
7.5 Tactical Unmanned Aerial Vehicles (TUAVs)
7.5.1 RQ-7B Shadow 200 - US
7.5.2 Watchkeeper WK450 - UK
7.5.3 ScanEagle - US
7.6 Vertical Take-Off and Landing UAVs
7.6.1 Fire Scout - US
7.6.2 Camcopter S-100 - Germany

8 Competitive Landscape and Strategic Insights
8.1 Competitive Landscape Overview
8.1.1 Israel Aerospace Industries: overview
8.1.2 Israel Aerospace Industries: products and services
8.1.3 Israel Aerospace Industries: alliances
8.1.4 Israel Aerospace Industries: recent contract awards
8.1.5 Israel Aerospace Industries: financial analysis
8.1.6 EMT Ingenieurgesellschaft: overview
8.1.7 EMT Ingenieurgesellschaft: products and services
8.1.8 EMT Ingenieurgesellschaft: alliances
8.1.9 Selex ES: overview
8.1.10 Selex ES: products and services
8.1.11 Selex ES: alliances
8.1.12 Selex ES: recent contract awards
8.1.13 Alenia Aermacchi: overview
8.1.14 Alenia Aermacchi: products and services
8.1.15 Alenia Aermacchi: alliances
8.1.16 AAI Corporation: overview
8.1.17 AAI Corporation: products and services
8.1.18 AAI Corporation: alliances
8.1.19 AAI Corporation: recent contract awards
8.1.20 Sagem: overview
8.1.21 Sagem: products and services
8.1.22 Sagem: alliances
8.1.23 Sagem: recent contract awards
8.1.24 BlueBird Aero Systems: overview
8.1.25 BlueBird Aero Systems: products and services
8.1.26 BlueBird Aero Systems: alliances
8.1.27 BlueBird Aero Systems: recent contract awards
8.1.28 Singapore Technologies Aerospace: overview
8.1.29 Singapore Technologies Aerospace: products and services
8.1.30 Singapore Technologies Aerospace: alliances
8.1.31 Singapore Technologies Aerospace: recent contract awards
8.1.32 Cassidian: overview
8.1.33 Cassidian: products and services
8.1.34 Cassidian: alliances
8.1.35 Cassidian: recent contract awards
8.1.36 Boeing: overview
8.1.37 Boeing: products and services
8.1.38 Boeing: alliances
8.1.39 Boeing: recent contract awards
8.1.40 Boeing: financial analysis
8.1.41 General Atomics Aeronautical Systems Inc.: overview
8.1.42 General Atomics Aeronautical Systems Inc.: products and services
8.1.43 General Atomics Aeronautical Systems Inc.: alliances
8.1.44 General Atomics Aeronautical Systems Inc.: recent contract awards
8.1.45 AeroVironment: overview
8.1.46 AeroVironment: products and services
8.1.47 AeroVironment: recent contract awards
8.1.48 AeroVironment: financial analysis
8.1.49 Aeronautics Ltd.: overview
8.1.50 Aeronautics Ltd.: products and services
8.1.51 Aeronautics Ltd.: alliances
8.1.52 Aeronautics Ltd.: recent contract awards
8.1.53 Elbit Systems Ltd.: overview
8.1.54 Elbit Systems Ltd.: products and services
8.1.55 Elbit Systems Ltd.: alliances
8.1.56 Elbit Systems Ltd.: recent contract awards
8.1.57 Elbit Systems Ltd.: financial analysis
8.1.58 Northrop Grumman Corporation: overview
8.1.59 Northrop Grumman Corporation: products and services
8.1.60 Northrop Grumman Corporation: alliances
8.1.61 Northrop Grumman Corporation: recent contract awards
8.1.62 Northrop Grumman: financial analysis
8.1.63 Dassault Aviation SA: overview
8.1.64 Dassault Aviation SA: products and services
8.1.65 Dassault Aviation SA: alliances
8.1.66 Dassault Aviation SA: recent contract awards
8.1.67 Dassault Aviation SA: financial analysis
8.1.68 Denel Dynamics: overview
8.1.69 Denel Dynamics: products and services
8.1.70 Denel Dynamics: alliances
8.1.71 Denel Dynamics: recent contract awards
8.1.72 Korea Aerospace Industries: overview
8.1.73 Korea Aerospace Industries: products and services
8.1.74 Korea Aerospace Industries: recent contract awards
8.1.75 BAE Systems: overview
8.1.76 BAE Systems: products and services
8.1.77 BAE Systems: alliances
8.1.78 BAE Systems: recent contract awards
8.1.79 BAE Systems: financial analysis
8.1.80 Saab: overview
8.1.81 Saab: products and services
8.1.82 Saab: alliances
8.1.83 Saab: recent contract awards
8.1.84 Saab: financial analysis

9 Appendix
9.1 Methodology
9.2 Contact us
9.3 About SDI
9.4 Disclaimer