Applied Aeronautics Named Leading UAV Manufacturer Alongside Textron, Aerovironment and Lockheed Martin

The Global Small UAV Market Growth 2019-2024 study - released this week - includes Applied Aeronautics among the list of leading UAV manufacturers. Additional key findings include:

• According to this study, over the next five years the Small UAV market will register a 4.1% CAGR in terms of revenue, the global market size will reach US$ 4317.8 million by 2024, from US$ 3678.5 million in 2019.

• Rotary blades occupy the largest market share segment, with Helicopter being the fastest growing type

• Commercial and Civil account for the largest market share segment of 92%, and Defense is the fastest growing application

The key manufacturers in the UAV industry are as follows:

• AeroVironment

• Lockheed Martin

• Applied Aeronautics

• Parrot

• IAI

• Textron

• Elbit Systems

• FLIR Systems

About Applied Aeronautics

Applied Aeronautics is a US-based UAV manufacturer, specializing in the design and manufacturing of affordable, long-range composite drones. Applied Aeronautics’ flagship product, The Albatross, is an electric fixed wing UAV designed for use in most industries, ranging from agriculture and research to disaster management and defense. This entirely customizable solution was engineered for accessibility, to meet a growing demand for a professional UAV that married robust capabilities with an affordable price point. For more information on Applied Aeronautics, please visit http://www.AppliedAeronautics.com

Source: https://www.marketresearch.com/QYResearch-Group-v3531/Global-Small-UAV-Research-Growth-12603592/