Japan Unmanned Aerial Vehicle (UAV) Market Analysis, 2020
The Japan Unmanned Aerial Vehicle (UAV) Market Analysis, 2020 market research report depicts an exhaustive market analysis of statistics of the Japan Unmanned Aerial Vehicle market which consists of region-wise analysis of the market size, market forecast, CAGR market segmentation, market shares of diverse product type, market share of operation type, application, components, energy sources, future market outlook, etc.
According to MarkNtel Advisors’ research report titled “Japan Unmanned Aerial Vehicle (UAV) Market Analysis, 2020”, the Unmanned Aerial Vehicle market in Japan is anticipated to grow at the exponential CAGR during 2020-25. A key factor contributing to the growth of Japan Unmanned Aerial vehicle market is the increasing usage of drones in construction, logistics, and transportation, agriculture, etc. Moreover, the Japan government’s announcements in the country regarding permitting UAVs in populated areas, use of the unmanned aerial vehicle in security patrolling, and initiation of the “Japan Coast Guard plan” that aims at replacing all the Chinese drones with locally manufactured ones, is anticipated to lead to the growth of the Unmanned Aerial Vehicle market in Japan in the forecast period.
Furthermore, the government in Japan has announced to invest actively in the drone industry to boost domestic production. It also announced to provide drones to firefighting agencies that can result in further growth in the market size of the Japan Unmanned Aerial vehicle market.
Surveying and Mapping to Grow in Forthcoming years
In 2019, Aerial Imaging accounted for a considerable market share. However, the key application of drones in surveying and mapping and maintenance and repair can witness a surge in the forecast period on an account of increasing demand from the construction sector. For instance, in 2018, Japan-based drone provider DJI received an order to deliver 1000 drones to a major construction company, Komatsu Ltd.
The demand for small drones is expected to surge in the forthcoming years due to the increasing e-commerce industry growth in the country. Further, small drones are being used for security purposes. Hence, the government’s increasing emphasis on security is a key factor contributing to the market growth of Japan UAV market.
In 2019, the Hardware segment captured the major market share and a similar trend is expected in the forecast period 2020-25, since the government announced large-scale investment in the country’s drone industry and also ordered to replace all the Chinese drones from the coast guard by the local manufacturer ones, as stated in the MarkNtel Advisors’ research report “Japan Unmanned Aerial Vehicle (UAV) Market Analysis, 2020”.
According to MarkNtel Advisors, the Japan Unmanned Aerial Vehicle market is highly fragmented due to the presence of numerous players in the market. The key players who occupy a considerable market share in the Japan Unmanned Aerial Vehicle market are BAE Systems, DJI, Precision Hawk, Sense Fly, Boeing, AAI Corporation, and Aeryon Flight Lab, among others. These companies in the market are engaging in strategic alliances to gain a major market share in the industry. For instance, in 2020, BAE Systems announced its partnership with Jaunt Air Mobility for Urban Air Mobility in several countries including Japan.
Key Questions Answered in the Market Research Report
Market Outlook, Segmentation, and Statistics
Frequently Asked Questions
Q. What is the historical year, base year and forecast year considered in the research report on Japan Unmanned Aerial Vehicle Market?
A. The historical data has been provided since 2015, while the base year is 2019 and the data is forecast up-to 2025.
Q. What are the units or denomination for measuring market value in the report?
A. The market size/industry size or the market value is measured in terms of USD Million.
Q. What would be the growth rate or CAGR of Japan Unmanned Aerial Vehicle Market during 2020-25?
A. The Japan Unmanned Aerial Vehicle Market is anticipated to grow at an astronomical rate during 2020-25.
Q. Which region would grab the highest market share during 2020-25?
A. It is forecast that Hokkaido will dominate the market with the majority market share, with market size registering considerably higher CAGR.
Q. Who are the key competitors or players operating Japan Unmanned Aerial Vehicle Market?
A. BAE Systems, DJI, Precision Hawk, Sense Fly, Boeing, AAI Corporation, Aeryon Flight Lab and Others are few of the leading players in Japan Unmanned Aerial Vehicle Market.
Q. Which application segment would emerge as an opportunity area for players in Japan Unmanned Aerial Vehicle Market?
A. Military and Defense are expected to attain the highest CAGR during the forecast period and maintain its significant market share.
Q. Which end-user would emerge as an opportunity area for players in Japan Unmanned Aerial Vehicle Market?
A. The agriculture sector grabbed a significant market share continue to grow at the highest CAGR, presenting immense opportunities for manufacturers and suppliers of Japan Unmanned Aerial Vehicle Market.