All updated as on -
In 2022, the value of the unmanned aerial vehicle market was estimated at USD 12.9 billion. During the projection period (2023 - 2030), the unmanned aerial vehicle (UAV) market industry is expected to expand from USD 13.79 billion in 2023 to USD 24.39 billion. This represents a compound yearly growth rate (CAGR) of 11.00%. The primary market factors accelerating market expansion are the rise in demand for enhanced surveillance systems and higher military spending.
Unmanned aerial vehicles (UAVs) are a type of aerial transportation that fly without a crew or passengers on board and are piloted remotely, autonomously, or both. The next-generation aircraft technology known as a UAV is used for a variety of purposes, including photography, logistics, surveillance, and assessment. The introduction of UAV usage laws and regulations by different nations has a direct impact on the market for unmanned aerial vehicles. Drones are an unmanned aerial vehicle (UAV). Unmanned aerial vehicle (UAV) growth is anticipated to be boosted by the increased usage of smart technology for surveillance, analysis, imaging, among other uses on a variety of fronts. The military & defense, agricultural, civil & commercial, logistics & transportation, healthcare, construction & mining, and other industries are just a few that use it.
Government spending on UAVs has surged as a result of the global rise in security concerns and the threat from terrorism. Solutions utilizing unmanned aerial vehicles have a wide range of uses in the military, civic, commercial, logistics, transportation, and mining industries, among others, for effective asset monitoring and area surveillance to achieve the highest level of operational effectiveness. UAVs can conduct covert operations, work during the night, operate anywhere, and are easy to deploy. These advantages have prompted governments to boost their investments in the global acquisition and development of UAVs. For instance, BAE Systems and Malloy Aeronautics announced plans to investigate the development of an all-electric "heavy lift" unscrewed air system (UAS) as a potential new solution to provide military, security, and civilian customers with a cost-effective, sustainable rapid response capability in September 2021. Furthermore, cutting-edge access control and video surveillance systems have significantly improved the security of important organizations. Unmanned aircraft are utilized in large cities for tactical planning and observation of significant events or gatherings. During the forecast period, these factors are anticipated to propel the worldwide unmanned aerial vehicle (UAV) market's expansion.
Since a few years ago, there has been a significant increase in demand for UAVs in many nations as a result of the development of drone technology and the multiple uses it provides. Due to an increase in enemy trespassing and border crossing, many nations have reported making significant UAV purchases. It is made to carry out tasks like intelligence gathering, surveillance, and reconnaissance for a variety of missions. The aerodynamic structures are made to be used in airstrikes on predetermined targets. About 50 nations have acquired and created their own military drones in order to get ready for any future combat situations and counterterrorism operations. The main nations with a presence in the military drone market are the United States, Israel, China, and the United Kingdom. However, the United States has significant capacity for manufacturing armed drones of all kinds that are prepared for use in combat. In the next years, these crucial aspects are anticipated to power market expansion.
In many nations, commercial drones are utilized for surveillance, mapping, and surveying purposes. Due to strict government rules for using airspace to prevent any accidental damages and safety concerns, the industry is facing significant obstacles for the market expansion in numerous nations. Additionally, it is anticipated that constraints in metropolitan areas and a lack of air traffic management may limit future expansion during the forecast period. The absence of qualified, experienced pilots to fly unmanned aerial vehicles of varied sizes and payloads is another major issue that different nations must deal with. Therefore, the possibility of collateral harm, safety concerns, and security worries related to financial loss may limit demand in the years to come.
The expanding use of drone technology is what is driving the unmanned aerial vehicle (UAV) market's CAGR. Due to the advancement of drone technology and its numerous applications, there has been a considerable rise in demand for UAVs in various countries since a few years ago. Many countries have reported making sizable UAV acquisitions in response to an increase in enemy trespassing and border crossing. In order to be ready for potential conflict situations and counterterrorism operations, about 50 nations have bought or developed military drones. The United States, Israel, China, and the United Kingdom are the major countries with a presence in the unmanned aerial vehicle (UAV) market. In the upcoming years, it is projected that these essential factors would drive market advancement.
Report Coverage
Global Unmanned Aerial Vehicle research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Unmanned Aerial Vehicle report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Unmanned Aerial Vehicle competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Unmanned Aerial Vehicle market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Unmanned Aerial Vehicle market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Unmanned Aerial Vehicle market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
DJI, Airbus S.A.S., AeroVironment, Inc., FLIR Systems, Inc., Elbit Systems Ltd., Textron Inc., BAE Systems plc, The Boeing Company, Northrop Grumman Corporation, Lockheed Martin Corporation, Aero Vironment Inc (US), Parrot Drones (France), PrecisionHawk (US), 3D Robotics (US), General Atomics (US), Thales Group (US).
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Unmanned Aerial Vehicle market based on the below-mentioned segments:
Global Unmanned Aerial Vehicle Market, By Type
Fixed Wing
Rotary Wing
Hybrid
Global Unmanned Aerial Vehicle market, By Application
Military & Defense
Civil & Commercial
Logistics & Transportation
Construction & Mining
Others
Global Unmanned Aerial Vehicle Market, By Weight
Less Than 50 Kg
More Than 50 Kg
Global Unmanned Aerial Vehicle market, Regional Analysis
Unmanned aerial vehicles (UAVs) are a type of aerial transportation that fly without a crew or passengers on board and are piloted remotely, autonomously, or both. The next-generation aircraft technology known as a UAV is used for a variety of purposes, including photography, logistics, surveillance, and assessment. The introduction of UAV usage laws and regulations by different nations has a direct impact on the market for unmanned aerial vehicles. Drones are an unmanned aerial vehicle (UAV). Unmanned aerial vehicle (UAV) growth is anticipated to be boosted by the increased usage of smart technology for surveillance, analysis, imaging, among other uses on a variety of fronts. The military & defense, agricultural, civil & commercial, logistics & transportation, healthcare, construction & mining, and other industries are just a few that use it.
Government spending on UAVs has surged as a result of the global rise in security concerns and the threat from terrorism. Solutions utilizing unmanned aerial vehicles have a wide range of uses in the military, civic, commercial, logistics, transportation, and mining industries, among others, for effective asset monitoring and area surveillance to achieve the highest level of operational effectiveness. UAVs can conduct covert operations, work during the night, operate anywhere, and are easy to deploy. These advantages have prompted governments to boost their investments in the global acquisition and development of UAVs. For instance, BAE Systems and Malloy Aeronautics announced plans to investigate the development of an all-electric "heavy lift" unscrewed air system (UAS) as a potential new solution to provide military, security, and civilian customers with a cost-effective, sustainable rapid response capability in September 2021. Furthermore, cutting-edge access control and video surveillance systems have significantly improved the security of important organizations. Unmanned aircraft are utilized in large cities for tactical planning and observation of significant events or gatherings. During the forecast period, these factors are anticipated to propel the worldwide unmanned aerial vehicle (UAV) market's expansion.
Since a few years ago, there has been a significant increase in demand for UAVs in many nations as a result of the development of drone technology and the multiple uses it provides. Due to an increase in enemy trespassing and border crossing, many nations have reported making significant UAV purchases. It is made to carry out tasks like intelligence gathering, surveillance, and reconnaissance for a variety of missions. The aerodynamic structures are made to be used in airstrikes on predetermined targets. About 50 nations have acquired and created their own military drones in order to get ready for any future combat situations and counterterrorism operations. The main nations with a presence in the military drone market are the United States, Israel, China, and the United Kingdom. However, the United States has significant capacity for manufacturing armed drones of all kinds that are prepared for use in combat. In the next years, these crucial aspects are anticipated to power market expansion.
In many nations, commercial drones are utilized for surveillance, mapping, and surveying purposes. Due to strict government rules for using airspace to prevent any accidental damages and safety concerns, the industry is facing significant obstacles for the market expansion in numerous nations. Additionally, it is anticipated that constraints in metropolitan areas and a lack of air traffic management may limit future expansion during the forecast period. The absence of qualified, experienced pilots to fly unmanned aerial vehicles of varied sizes and payloads is another major issue that different nations must deal with. Therefore, the possibility of collateral harm, safety concerns, and security worries related to financial loss may limit demand in the years to come.
The expanding use of drone technology is what is driving the unmanned aerial vehicle (UAV) market's CAGR. Due to the advancement of drone technology and its numerous applications, there has been a considerable rise in demand for UAVs in various countries since a few years ago. Many countries have reported making sizable UAV acquisitions in response to an increase in enemy trespassing and border crossing. In order to be ready for potential conflict situations and counterterrorism operations, about 50 nations have bought or developed military drones. The United States, Israel, China, and the United Kingdom are the major countries with a presence in the unmanned aerial vehicle (UAV) market. In the upcoming years, it is projected that these essential factors would drive market advancement.
Report Coverage
Global Unmanned Aerial Vehicle research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Unmanned Aerial Vehicle report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Unmanned Aerial Vehicle competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Unmanned Aerial Vehicle market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | DJI, Airbus S.A.S., AeroVironment, Inc., FLIR Systems, Inc., Elbit Systems Ltd., Textron Inc., BAE Systems plc, The Boeing Company, Northrop Grumman Corporation, Lockheed Martin Corporation, Aero Vironment Inc (US), Parrot Drones (France), PrecisionHawk (US), 3D Robotics (US), General Atomics (US), Thales Group (US). |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Unmanned Aerial Vehicle Market from 2021 to 2030.
- Market Forecast for Unmanned Aerial Vehicle Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Unmanned Aerial Vehicle competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Unmanned Aerial Vehicle
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Unmanned Aerial Vehicle market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Unmanned Aerial Vehicle market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
DJI, Airbus S.A.S., AeroVironment, Inc., FLIR Systems, Inc., Elbit Systems Ltd., Textron Inc., BAE Systems plc, The Boeing Company, Northrop Grumman Corporation, Lockheed Martin Corporation, Aero Vironment Inc (US), Parrot Drones (France), PrecisionHawk (US), 3D Robotics (US), General Atomics (US), Thales Group (US).
Primary Target Market
- Market Players of Unmanned Aerial Vehicle
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Unmanned Aerial Vehicle market based on the below-mentioned segments:
Global Unmanned Aerial Vehicle Market, By Type
Fixed Wing
Rotary Wing
Hybrid
Global Unmanned Aerial Vehicle market, By Application
Military & Defense
Civil & Commercial
Logistics & Transportation
Construction & Mining
Others
Global Unmanned Aerial Vehicle Market, By Weight
Less Than 50 Kg
More Than 50 Kg
Global Unmanned Aerial Vehicle market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
About This Research
You will get in-depth and extensive unmanned aerial vehicle market market research and competitor analysis for your business to help you develop more profound insights into the unmanned aerial vehicle market Market.
Through INFINITIVE Data Expert is a professional Market Research services, I will identify the unmanned aerial vehicle market market size, demand & opportunities, growth rate, and target audience with a comprehensive analysis of your competitors.