Research and Markets declared that a new report titled "Global Unmanned Aerial Vehicle Market 2011-2015" has been added to its portfolio.
The growing share of the defense budget drives the UAV market. The global unmanned aerial vehicle (UAV) market has observed developments in joint R&D initiatives. This market growth can however be hampered by quick technological fluctuations.
TechNavio's automotive team analyst stated that the global UAV market is anticipated to experience a high demand for advanced UAVs during the upcoming years. The global defense industry has capitalized more and more in R&D activities in order to augment the potential of UAVs. This initiative was followed by increase in technological development for increasing the survivability and endurance of UAVs. The development of technologies and varying environments has encouraged UAV manufacturers to invest more in new UAV technologies.
The report states that the launch of new product by various competitive companies within the market drives the global UAV market to productivity. The launch of Qube portable UAV by AV has been ideal for deployment in public safety applications like first response and law enforcement. The portable aerial vantage point extended by system targets will ensure safe and efficient operations for public safety workers. The launch of these new products will promote lucrative sales growth in the future.
The report also demonstrates that the rapid evolution of new technology will pose a challenge to the UAV vendors.
Source: http://www.researchandmarkets.com/