Micro Air Vehicle (MAV) Market
Micro Air Vehicle (MAV) Market Scope: Industry
Analysis, Market Size, Growth, Trends Till 2031
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Micro Air Vehicle (MAV) Market Size and Growth
The Micro Air Vehicle (MAV) market is experiencing significant growth, driven by advancements in miniaturization, increased demand for surveillance, and commercial applications. The market size is projected to reach approximately $1.5 billion by 2025, reflecting a compound annual growth rate (CAGR) of over 15%, fueled by innovations and expanding defense budgets.
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Companies Covered
(Covid 19 Impact Covered)
◍ UAVTEK
◍ AeroVironment
◍ Baykar
◍ Elbit Systems
◍ Elistair Lockheed Martin
◍ EMT GmbH
◍ Huaqing Innovation Limited
◍ Leonardo
◍ Lockheed Martin
◍ Parrot
◍ Teledyne FLIR
◍ Zala Aero
◍ Zyrone Dynamics
◍ BAE Systems
The Micro Air Vehicle (MAV) market includes companies like UAVTEK, AeroVironment, and Lockheed Martin, which leverage MAVs for defense, surveillance, and reconnaissance. Innovations enhance capabilities and expand applications. Key players contribute to market growth through R&D and strategic partnerships. Sales revenues for notable companies include:
- AeroVironment: $300 million
- Lockheed Martin: $67 billion
- Elbit Systems: $5 billion
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