USD 23.45 billion
Global Unmanned Aerial Vehicle Market Size, Share, Growth Analysis, By End-Use(Military, Public Safety & Security), By Type(Fixed Wing, Rotary Wing), By Application(Military, Commercial) - Industry Forecast 2024-2031
Report ID:
SQSG25C2013 |
Region:
Global |
Published Date: April, 2024
Pages:
165
|
Tables:
98 |
Figures:
76
Global Unmanned Aerial Vehicle Market Insights
Global Unmanned Aerial Vehicle Market size was valued at USD 23.45 billion in 2019 and is poised to grow from USD 26.19 billion in 2023 to USD 70.91 billion by 2031, growing at a CAGR of 11.7% in the forecast period (2024-2031).
Unmanned aerial vehicles (UAVs), which can be remotely piloted, optionally piloted, or completely autonomous, are important in both the defence and commercial sectors. They are called as "drones" and are most famous for being widely used in a variety of military duties like surveillance and reconnaissance. These vehicles are also employed for surveying, mapping, and determining the local weather. The next-generation aircraft technology known as a UAV is used for a variety of purposes, including photography, logistics, surveillance, and assessment. Unmanned aerial vehicle market expansion is anticipated to be positively impacted by the increased acceptance of UAVs among a variety of industries, including mining, oil & gas, telecommunications, and retail. The increased use of UAVs across a range of industries, including mining, oil and gas, telecommunications, and retail, is expected to drive the expansion of the UAV market.
One of the most important factors projected to drive the growth of the unmanned aerial vehicle market during the forecast period is the rising acquisition of military unmanned aerial vehicles by defence forces.
On the other hand, the expansion of the unmanned aerial vehicle (UAV) drones market is being constrained by the rules and limits put in place by government organisations in their various countries for flying drones in public locations.
US Unmanned Aerial Vehicle Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Fixed Wing
Fastest Growth
Fixed Wing
Growth Rate
11.7% CAGR
Global Unmanned Aerial Vehicle Market, 2021-2028 ($ Bn)
Country Share for North America Region- 2021 (%)
Global Unmanned Aerial Vehicle Market Size By Type, 2021-2028 ($ Bn)
Global Unmanned Aerial Vehicle Market Size By Type, 2021-2028 (%)
To get more reports on the above market click here to Buy The Report
Global Unmanned Aerial Vehicle Market Segmental Analysis
The Global Unmanned Aerial Vehicle Market is segmented based on Type, End User, Application and Region. Based on Type Unmanned Aerial Vehicle Market is categorized into Fixed Wing, Rotary Wing. Based on End User Unmanned Aerial Vehicle Market is categorized into: Military, Public Safety & Security, Agriculture, Insurance, Energy, Mining & Quarrying, O&G, Transport & Logistics, Journalism & Media, Healthcare & Social Assistance, Arts & Entertainment. On the basis of Application the unmanned aerial vehicle market is segmented into Military, Commercial, Government & Law Enforcement, Consumer. Based on region Unmanned Aerial Vehicle Market is categorized into: North America, Europe, Asia-Pacific, South America, and MEA.
Unmanned Aerial Vehicle Market Analysis by End User
The unmanned aerial vehicle industry is divided into four segments based on end use: consumer, government and law enforcement, commercial, and military and defence. In terms of revenue contribution to the global market over the forecast period, the military and defence segment is likely to take the lead. An increase in the need for tactical and strategic unmanned aerial vehicles (UAVs) for military use is what is driving the segment's growth. By using surveillance and reconnaissance robots to learn about the layout of the area and associated enemy forces, the number of casualties on the battlefield can be drastically reduced. UAVS are capable of a range of tasks that would be harmful for human soldiers, including surviving hazardous terrain, triangulating hostile positions, sensing noxious atmospheres, and more. The Medium Altitude Long Endurance (MALE) UAV and the High-Altitude Long Endurance (HALE) UAV are special-purpose unmanned aerial vehicles that have seen an increase in demand from the governments of numerous nations for a variety of activities.
A steady growth in the usage of UAVS for rapid surveying, aerial mapping, agricultural monitoring, forest monitoring, and logistics is projected in the commercial segment over the forecast period. The development of novel air transportation using UAVS by major companies like Uber and logistics behemoth DHL logistics is estimated to propel the commercial segment's growth throughout the forecast period.
Unmanned Aerial Vehicle Market Analysis by Type
The UAV market is divided into fixed-wing and rotary wings categories based on wing type. Over the projected period, the fixed-wing segment is anticipated to post a significantly quick rate of revenue growth. Since they don't need to use as much energy to hold themselves up in the air, these are far more efficient. These are therefore able to go farther, examine far bigger areas, and hover over the object of interest for an extended amount of time. Gas engines may be utilised to power them in addition to having higher efficiency, and because of the fuel's higher energy density, many fixed-wing UAVS can stay in the air for up to 16 hours.
Global Unmanned Aerial Vehicle Market By Type , 2021(%), 2023 (%)
To get detailed analysis on other segments, Request For Free Sample Report
Global Unmanned Aerial Vehicle Market Regional Insights
Due to the rising territorial disputes, insurrections, and subsequent demand for unmanned systems to operate ISR missions, objective acceptance, damage assessment, and associated operations, North America dominates the unmanned aerial vehicle industry in 2021. The use of UAVs for warfare purposes in unstable areas is expanding profitably. Additionally, the region's unmanned aerial vehicle industry is expanding due to the growing acceptance of UAVs for commercial uses.
A rising demand for UAVs from the region's developing countries, such India, with a CAGR of 18% is predicted to propel the Asia Pacific region's growth in the next years. One of the most important factors influencing the growth of the worldwide unmanned aerial vehicle (UAV) market in Asia Pacific in the next years is the increasing use of drones for commercial purposes.
Global Unmanned Aerial Vehicle Market By Geography, 2021 - 2028, 2024-2031
- Largest
- Fastest
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Global Unmanned Aerial Vehicle Market Dynamics
Unmanned Aerial Vehicle Market Driver
- For more than ten years, military forces from several nations have used drones. The most well-known one is the Predator UAV. At the moment, ground forces frequently employ small drones. It is projected that military spending on UAV technology would increase as a proportion of overall military budgets, providing growth prospects for specialised drone manufacturers and software developers. The MQ-4 Reaper, MQ-1B Predator, QF-4 Aerial Target, RQ-4 Global Hawk, AeroVironment Wasp AE, RQ-1 Predator, BQM-155 Hunter, CL-289 Piver, etc. are a few typical examples of military drones or UAVs.
- Modern access control and video surveillance technologies have significantly improved the security of important organisations. Unmanned aircraft are utilised 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.
Unmanned Aerial Vehicle Market Restraint
- Even while UAV is a fantastic technology, it can be dangerous if extremists get their hands on it. They can be used by terrorists to execute several assaults at once, amplifying their impact. They are a go-to weapon for terrorist organisations because they are inexpensive aircraft with straightforward operations that can quickly access challenging terrain.
- Unmanned aerial vehicles (UAVs) are extremely useful for defence forces since they may be used for a range of tasks, including situational awareness, bomb defusing, aiding soldiers in combat, and search and rescue missions. UAVs are currently used for transportation, surveillance, search and rescue, and other tasks throughout the world. But they come at a high cost to the military.
Request Free Customization of this report to help us to meet your business objectives.
Global Unmanned Aerial Vehicle Market Competitive Landscape
- The industry is fragmented as a result of the presence of a sizable number of small and mid-sized businesses. Along with joint ventures and product launches, they are focused on capacity growth to gain a competitive edge. The major players in the unmanned aerial vehicle market are General Atomics (US), Northrop Grumman Corporation (US), EHang (China), Parrot (France), Precision Hawk (US), Israel Aerospace Industries Ltd. (Israel), DJI Technology Co., Ltd. (China), AeroVironment, Inc. (US), Lockheed Martin Corporation (US).
Unmanned Aerial Vehicle Market Top Players Company Profiles
- DJI (Da-Jiang Innovations Science and Technology Co.)
- General Atomics Aeronautical Systems, Inc. (GA-ASI)
- Northrop Grumman Corporation
- Boeing
- Lockheed Martin Corporation
- Textron Inc.
- AeroVironment, Inc.
- Parrot SA
- Israel Aerospace Industries (IAI)
- SZ DJI Technology Co., Ltd.
- Thales Group
- Aerodyne Group
- Yuneec International Co. Ltd.
- Autel Robotics
- FLIR Systems, Inc.
- GoPro, Inc.
- PrecisionHawk Inc.
- Intel Corporation
- Microdrones GmbH
- senseFly SA
Unmanned Aerial Vehicle Market Recent Developments
- In April 2021, a new DJI Air 2S was created by DJI. This little camera drone offers a comprehensive solution for successful flight. Not only does it include cutting-edge cameras, but it also has high-grade preprogrammed drug creation equipment.
- In May 2021, to enable the secure operation of its high-altitude, long-endurance MQ-4C Triton autonomous system in shared airspace with manned aircraft, Northrop Grumman Corporation entered into an agreement with the US Navy. This agreement calls for the development of a prototype and the integration of sense and avoid (SAA) competencies.
Global Unmanned Aerial Vehicle Key Market Trends
- Raw The growing need for UAVs in military applications is anticipated to drive the market's expansion. Drones have been employed by armed forces from several nations for more than ten years. The most popular UAV is the Predator. Small drones are presently used often by ground forces. Small- and large-scale drone technology is now being developed by hundreds of firms, and both state- and non-state actors are attempting to integrate drones into their military plans.
- The use of UAVs for mapping, surveying, inspection, and observation studies to better understand ground realities and infrastructure development challenges, as well as data analysing software to map hundreds of aerial images for better decision making, has a lot of potential for the construction industry. Additionally, it contributes to the improvement of safety and the prevention of dangerous incidents. As a result, there are several opportunities for the UAV market to expand over the course of the projection period because of the broad potential for UAV applications in the commercial sector, particularly in the construction industry.
Global Unmanned Aerial Vehicle Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, by end user, the military sector will offer many prospects for the UAV market share to increase. This is because more and more nations are buying specialised drones to boost their military capabilities and because of the usage of UAVs for military operations including border security, control, and surveillance is rising. In terms of region, the unmanned aerial vehicle (UAV) drone industry is dominated by North America. The unmanned aerial vehicle (UAV) drones market in the North American area is anticipated to develop as a result of the rising use of drones in the business sector for a variety of operational purposes, such as delivering goods to customers in their respective countries.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 23.45 billion |
| Market size value in 2031 | USD 70.91 billion |
| Growth Rate | 11.7% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
| Historical Year | 2019 |
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Unmanned Aerial Vehicle Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Unmanned Aerial Vehicle Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global Unmanned Aerial Vehicle Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Unmanned Aerial Vehicle Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Unmanned Aerial Vehicle Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Unmanned Aerial Vehicle Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Global Unmanned Aerial Vehicle Market Report Snapshots
Want to customize this report?
Our industry expert will work with you to provide you with customized data in a short amount of time.
REQUEST FREE CUSTOMIZATION
USA (+1) 617-230-0741
