Electric Unmanned Aerial Vehicles Market Synopsis

The Electric Unmanned Aerial Vehicles Market Size Was Valued at USD 3.31 Billion in 2022, and is Projected to Reach USD 10.48 Billion by 2030, Growing at a CAGR of 15.5 % From 2023-2030.

• Electric Unmanned Aerial Vehicles (eUAVs) are advanced aerial platforms designed for various applications, eliminating the need for human pilots. Propelled by electric propulsion systems, these drones offer versatility, sustainability, and reduced environmental impact. Ranging from fixed-wing to multirotor configurations are used in applications in military surveillance, commercial services like precision agriculture and infrastructure inspection, and consumer-oriented activities such as aerial photography. Evident advantages include extended flight times, cost-effectiveness, and autonomous capabilities. As technological innovations continue to enhance their performance, eUAVs play a key role in reshaping industries by providing efficient and flexible airborne solutions.
• Electric propulsion systems in Electric Unmanned Aerial Vehicles provide cleaner and more sustainable operations, aligning with global efforts to reduce carbon emissions. EUAVs boast enhanced operational efficiency and cost-effectiveness due to lower maintenance requirements and reduced reliance on traditional fuels. The electric powertrain also enables longer flight durations, making them suitable for applications requiring extended aerial coverage, such as surveillance and monitoring. Their versatility, ease of deployment, and ability to access hard-to-reach areas make them valuable assets in military, commercial, and consumer domains.
• Military and defense operations are increasingly using eUAVs for surveillance and reconnaissance, while commercial sectors like agriculture, energy, and infrastructure are adopting them for tasks like crop monitoring and pipeline inspection. The consumer market is also seeing a surge in demand for aerial photography and videography. The market is shifting towards autonomous capabilities, improved payload capacities, and regulatory frameworks for safe and widespread operations.

Electric Unmanned Aerial Vehicles Market Trend Analysis

Democratization of Technology and Ease of Use

• The evolution of electric propulsion systems is involved, in enhancing the efficiency and performance of eUAVs. Continuous research and development in battery technologies, energy storage, and lightweight materials contribute to extended flight times and increased payload capacities, addressing critical limitations of traditional fuel-powered counterparts.
• The integration of cutting-edge autonomous technologies has revolutionized eUAV capabilities. Advanced sensors, artificial intelligence, and machine learning algorithms enable autonomous navigation, obstacle avoidance, and real-time decision-making, reducing the need for human intervention. These technologies enhance the operational capabilities of eUAVs and open up new possibilities for applications across diverse industries, including military, agriculture, infrastructure, and beyond. As technological innovation continues to accelerate, the eUAV market is assured to witness further growth, with enhanced functionalities, increased reliability, and expanded use cases positioning these aerial vehicles at the forefront of modern aviation solutions.

Increasing Integration of AI and Machine Learning

• As AI and ML technologies advance, their incorporation into eUAV systems enhances the capabilities of these aerial vehicles, transforming them into intelligent, autonomous platforms. Machine learning algorithms empower eUAVs to adapt and learn from their surroundings, enabling more urban and efficient operations. This integration facilitates autonomous navigation, obstacle avoidance, and real-time decision-making, reducing the reliance on human control and expanding the scope of applications.
• AI and ML also contribute to data analytics, allowing eUAVs to process vast amounts of information collected during flights. The data-driven approach enhances the accuracy of tasks such as surveillance, mapping, and environmental monitoring. The ability of eUAVs to continuously learn and improve their performance positions them as dynamic tools for various industries, including agriculture, infrastructure inspection, and disaster management.

Electric Unmanned Aerial Vehicles Market Segment Analysis:

Electric Unmanned Aerial Vehicles Market Segmented based on Type, Technology, and Application

By Type, Multirotor eUAVs segment is expected to dominate the market during the forecast period

• Multirotor configurations, such as quadcopters, hexacopters, and octocopters, offer exceptional stability and precise control, making them ideal for a wide range of applications. Their ability to hover, take off vertically, and navigate through confined spaces makes them well-suited for tasks like surveillance, inspection, and reconnaissance. Multirotor eUAVs are user-friendly, require minimal training for operators, and are adaptable to various mission profiles. As technological advancements continue to enhance their capabilities and increase payload capacities, multirotor eUAVs remain a preferred choice across military, commercial, and consumer sectors, contributing to their expected market dominance in the predictable future.

By Technology, Battery segment held the largest share of 89.5% in 2022

• Batteries are the primary power source for eUAVs, and ongoing innovations in energy density, lightweight materials, and rechargeable lithium-based technologies have led to substantial improvements in flight endurance and overall performance. Longer flight durations directly translate to increased operational efficiency and expanded mission capabilities, making battery-powered eUAVs more attractive across various applications. As battery technologies continue to evolve, providing enhanced energy storage and power output, they contribute to the growing dominance of the Battery segment in the eUAV market. The reliability, scalability, and efficiency of battery-powered eUAVs position them as a preferred choice in military, commercial, and consumer applications.

Electric Unmanned Aerial Vehicles Market Regional Insights:

Asia Pacific is Expected to Dominate the Market Over the Forecast Period

• The region's rapidly growing economies create a fertile ground for eUAV applications across diverse sectors, including logistics, delivery, precision agriculture, and infrastructure inspection. The tech-savvy population in the region is embracing innovative solutions, leading to the early adoption of eUAVs for personal and commercial use.
• Several APAC governments are actively supporting the development and adoption of eUAVs, with favorable regulations, subsidies, and research initiatives concrete the way for a booming eUAV ecosystem. Manufacturing expertise in countries like China and India is also contributing to the eUAV revolution. APAC countries like Japan, South Korea, and Australia are also actively participating in the eUAV revolution. The region's growing emphasis on sustainability aligns with eUAVs, as offer faster operation and lower emissions compared to traditional aircraft.

Electric Unmanned Aerial Vehicles Market Top Key Players:

• General Atomics Aeronautical Systems Inc. (United States)
• Northrop Grumman Corporation (United States)
• AeroVironment Inc. (United States)
• Lockheed Martin Corporation (United States)
• Kespry Drone (United States)
• Thales Group (France)
• Aeronautics Ltd. (Israel)
• Elbit Systems Ltd. (Israel)
• Israel Aerospace Industries Ltd. (Israel)
• SZ DJI Technology Co. Ltd. (China), and Other Major Players.

Key Industry Developments in the Electric Unmanned Aerial Vehicles Market:

• In September 2023, Teal Drones secured a $1.8 million contract with the US Customs and Border Protection, supplying 106 Teal 2 drone systems along with spare parts and training to the US Border Patrol. The Teal 2 drones will enhance situational awareness for US field commanders and agents. Teal Drones has collaborated with ESAero to offer a multi-battery charger as an accessory for the Teal 2 drones. This innovative charger from ESAero enables the simultaneous charging of backup batteries while the drone is in operation, supporting persistent Intelligence, Surveillance, and Reconnaissance (ISR) missions for enhanced operational efficiency.
• In April 2023, Amprius Technologies, Inc. secured a contract to deliver substantial shipments of Amprius drone batteries to AeroVironment for the Switchblade 300 Block 20 loitering missile system. These lithium-ion battery cells from Amprius are anticipated to extend the drone's flight duration by a minimum of 50%, thereby augmenting both its overall flight endurance and loitering capabilities.

1. INTRODUCTION
   1. RESEARCH OBJECTIVES
   2. RESEARCH METHODOLOGY
   3. RESEARCH PROCESS
   4. SCOPE AND COVERAGE
      1. Market Definition
      2. Key Questions Answered
   5. MARKET SEGMENTATION
2. EXECUTIVE SUMMARY
3. MARKET OVERVIEW
4. GROWTH OPPORTUNITIES BY SEGMENT
5. MARKET LANDSCAPE
   1. PORTER’S FIVE FORCES ANALYSIS
      1. Bargaining Power Of Supplier
      2. Threat Of New Entrants
      3. Threat Of Substitutes
      4. Competitive Rivalry
      5. Bargaining Power Among Buyers
   2. INDUSTRY VALUE CHAIN ANALYSIS
   3. MARKET DYNAMICS
      1. Drivers
      2. Restraints
      3. Opportunities
      4. Challenges
   4. MARKET TREND ANALYSIS
   5. REGULATORY LANDSCAPE
   6. PESTLE ANALYSIS
   7. PRICE TREND ANALYSIS
   8. PATENT ANALYSIS
   9. TECHNOLOGY EVALUATION
   10. MARKET IMPACT OF THE RUSSIA-UKRAINE WAR
       1. Geopolitical Market Disruptions
       2. Supply Chain Disruptions
       3. Instability in Emerging Markets
   11. ECOSYSTEM
6. ELECTRIC UNMANNED AERIAL VEHICLES MARKET BY TYPE (2017-2030)
   1. ELECTRIC UNMANNED AERIAL VEHICLES MARKET SNAPSHOT AND GROWTH ENGINE
   2. MARKET OVERVIEW
   3. FIXED-WING EUAVS
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2017 – 2030F)
      3. Historic And Forecasted Market Size in Volume (2017 – 2030F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
   4. MULTIROTOR EUAVS
   5. HYBRID EUAVS
7. ELECTRIC UNMANNED AERIAL VEHICLES MARKET BY TECHNOLOGY (2017-2030)
   1. ELECTRIC UNMANNED AERIAL VEHICLES MARKET SNAPSHOT AND GROWTH ENGINE
   2. MARKET OVERVIEW
   3. BATTERY
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2017 – 2030F)
      3. Historic And Forecasted Market Size in Volume (2017 – 2030F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
   4. SOLAR
   5. FUEL CELL
8. ELECTRIC UNMANNED AERIAL VEHICLES MARKET BY APPLICATION (2017-2030)
   1. ELECTRIC UNMANNED AERIAL VEHICLES MARKET SNAPSHOT AND GROWTH ENGINE
   2. MARKET OVERVIEW
   3. MILITARY AND DEFENSE
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2017 – 2030F)
      3. Historic And Forecasted Market Size in Volume (2017 – 2030F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
   4. COMMERCIAL
   5. CONSUMER
9. COMPANY PROFILES AND COMPETITIVE ANALYSIS
   1. COMPETITIVE LANDSCAPE
      1. Competitive Positioning
      2. Electric Unmanned Aerial Vehicles Market Share By Manufacturer (2022)
      3. Industry BCG Matrix
      4. Heat Map Analysis
      5. Mergers & Acquisitions
   2. GENERAL ATOMICS AERONAUTICAL SYSTEMS INC. (UNITED STATES)
      1. Company Overview
      2. Key Executives
      3. Company Snapshot
      4. Role of the Company in the Market
      5. Sustainability and Social Responsibility
      6. Operating Business Segments
      7. Product Portfolio
      8. Business Performance (Production Volume, Sales Volume, Sales Margin, Production Capacity, Capacity Utilization Rate)
      9. Key Strategic Moves And Recent Developments
      10. SWOT Analysis
   3. NORTHROP GRUMMAN CORPORATION (UNITED STATES)
   4. AEROVIRONMENT INC. (UNITED STATES)
   5. LOCKHEED MARTIN CORPORATION (UNITED STATES)
   6. KESPRY DRONE (UNITED STATES)
   7. THALES GROUP (FRANCE)
   8. AERONAUTICS LTD. (ISRAEL)
   9. ELBIT SYSTEMS LTD. (ISRAEL)
   10. ISRAEL AEROSPACE INDUSTRIES LTD. (ISRAEL)
   11. SZ DJI TECHNOLOGY CO. LTD. (CHINA)
10. GLOBAL ELECTRIC UNMANNED AERIAL VEHICLES MARKET BY REGION
    1. OVERVIEW
    2. NORTH AMERICA
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Type
       4. Historic And Forecasted Market Size By Technology
       5. Historic And Forecasted Market Size By Application
       6. Historic And Forecasted Market Size By Country
          1. USA
          2. Canada
          3. Mexico
    3. EASTERN EUROPE
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Segments
       4. Historic And Forecasted Market Size By Country
          1. Russia
          2. Bulgaria
          3. The Czech Republic
          4. Hungary
          5. Poland
          6. Romania
          7. Rest Of Eastern Europe
    4. WESTERN EUROPE
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Segments
       4. Historic And Forecasted Market Size By Country
          1. Germany
          2. United Kingdom
          3. France
          4. The Netherlands
          5. Italy
          6. Spain
          7. Rest Of Western Europe
    5. ASIA PACIFIC
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Segments
       4. Historic And Forecasted Market Size By Country
          1. China
          2. India
          3. Japan
          4. South Korea
          5. Malaysia
          6. Thailand
          7. Vietnam
          8. The Philippines
          9. Australia
          10. New-Zealand
          11. Rest Of APAC
    6. MIDDLE EAST & AFRICA
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Segments
       4. Historic And Forecasted Market Size By Country
          1. Turkey
          2. Bahrain
          3. Kuwait
          4. Saudi Arabia
          5. Qatar
          6. UAE
          7. Israel
          8. South Africa
    7. SOUTH AMERICA
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Segments
       4. Historic And Forecasted Market Size By Country
          1. Brazil
          2. Argentina
          3. Rest of South America
11. INVESTMENT ANALYSIS
12. ANALYST VIEWPOINT AND CONCLUSION
    1. Recommendations and Concluding Analysis
    2. Potential Market Strategies

LIST OF TABLES

TABLE 001. EXECUTIVE SUMMARY
TABLE 002. ELECTRIC UNMANNED AERIAL VEHICLES MARKET BARGAINING POWER OF SUPPLIERS
TABLE 003. ELECTRIC UNMANNED AERIAL VEHICLES MARKET BARGAINING POWER OF CUSTOMERS
TABLE 004. ELECTRIC UNMANNED AERIAL VEHICLES MARKET COMPETITIVE RIVALRY
TABLE 005. ELECTRIC UNMANNED AERIAL VEHICLES MARKET THREAT OF NEW ENTRANTS
TABLE 006. ELECTRIC UNMANNED AERIAL VEHICLES MARKET THREAT OF SUBSTITUTES
TABLE 007. ELECTRIC UNMANNED AERIAL VEHICLES MARKET BY TYPE
TABLE 008. FIXED-WING UAV MARKET OVERVIEW (2016-2028)
TABLE 009. ROTARY WING UAV MARKET OVERVIEW (2016-2028)
TABLE 010. ELECTRIC UNMANNED AERIAL VEHICLES MARKET BY APPLICATION
TABLE 011. MILITARY UAV MARKET OVERVIEW (2016-2028)
TABLE 012. CIVILIAN UAV MARKET OVERVIEW (2016-2028)
TABLE 013. NORTH AMERICA ELECTRIC UNMANNED AERIAL VEHICLES MARKET, BY TYPE (2016-2028)
TABLE 014. NORTH AMERICA ELECTRIC UNMANNED AERIAL VEHICLES MARKET, BY APPLICATION (2016-2028)
TABLE 015. N ELECTRIC UNMANNED AERIAL VEHICLES MARKET, BY COUNTRY (2016-2028)
TABLE 016. EUROPE ELECTRIC UNMANNED AERIAL VEHICLES MARKET, BY TYPE (2016-2028)
TABLE 017. EUROPE ELECTRIC UNMANNED AERIAL VEHICLES MARKET, BY APPLICATION (2016-2028)
TABLE 018. ELECTRIC UNMANNED AERIAL VEHICLES MARKET, BY COUNTRY (2016-2028)
TABLE 019. ASIA PACIFIC ELECTRIC UNMANNED AERIAL VEHICLES MARKET, BY TYPE (2016-2028)
TABLE 020. ASIA PACIFIC ELECTRIC UNMANNED AERIAL VEHICLES MARKET, BY APPLICATION (2016-2028)
TABLE 021. ELECTRIC UNMANNED AERIAL VEHICLES MARKET, BY COUNTRY (2016-2028)
TABLE 022. MIDDLE EAST & AFRICA ELECTRIC UNMANNED AERIAL VEHICLES MARKET, BY TYPE (2016-2028)
TABLE 023. MIDDLE EAST & AFRICA ELECTRIC UNMANNED AERIAL VEHICLES MARKET, BY APPLICATION (2016-2028)
TABLE 024. ELECTRIC UNMANNED AERIAL VEHICLES MARKET, BY COUNTRY (2016-2028)
TABLE 025. SOUTH AMERICA ELECTRIC UNMANNED AERIAL VEHICLES MARKET, BY TYPE (2016-2028)
TABLE 026. SOUTH AMERICA ELECTRIC UNMANNED AERIAL VEHICLES MARKET, BY APPLICATION (2016-2028)
TABLE 027. ELECTRIC UNMANNED AERIAL VEHICLES MARKET, BY COUNTRY (2016-2028)
TABLE 028. AEROVIRONMENT INC.: SNAPSHOT
TABLE 029. AEROVIRONMENT INC.: BUSINESS PERFORMANCE
TABLE 030. AEROVIRONMENT INC.: PRODUCT PORTFOLIO
TABLE 031. AEROVIRONMENT INC.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 031. BAE SYSTEMS INC.: SNAPSHOT
TABLE 032. BAE SYSTEMS INC.: BUSINESS PERFORMANCE
TABLE 033. BAE SYSTEMS INC.: PRODUCT PORTFOLIO
TABLE 034. BAE SYSTEMS INC.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 034. LOCKHEED MARTIN CORP.: SNAPSHOT
TABLE 035. LOCKHEED MARTIN CORP.: BUSINESS PERFORMANCE
TABLE 036. LOCKHEED MARTIN CORP.: PRODUCT PORTFOLIO
TABLE 037. LOCKHEED MARTIN CORP.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 037. AERONAUTICS LTD.: SNAPSHOT
TABLE 038. AERONAUTICS LTD.: BUSINESS PERFORMANCE
TABLE 039. AERONAUTICS LTD.: PRODUCT PORTFOLIO
TABLE 040. AERONAUTICS LTD.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 040. AERYON LABS INC.: SNAPSHOT
TABLE 041. AERYON LABS INC.: BUSINESS PERFORMANCE
TABLE 042. AERYON LABS INC.: PRODUCT PORTFOLIO
TABLE 043. AERYON LABS INC.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 043. AIBOTIX GMBH: SNAPSHOT
TABLE 044. AIBOTIX GMBH: BUSINESS PERFORMANCE
TABLE 045. AIBOTIX GMBH: PRODUCT PORTFOLIO
TABLE 046. AIBOTIX GMBH: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 046. DJI CO. LTD.: SNAPSHOT
TABLE 047. DJI CO. LTD.: BUSINESS PERFORMANCE
TABLE 048. DJI CO. LTD.: PRODUCT PORTFOLIO
TABLE 049. DJI CO. LTD.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 049. ELBIT SYSTEMS LTD.: SNAPSHOT
TABLE 050. ELBIT SYSTEMS LTD.: BUSINESS PERFORMANCE
TABLE 051. ELBIT SYSTEMS LTD.: PRODUCT PORTFOLIO
TABLE 052. ELBIT SYSTEMS LTD.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 052. PROX DYNAMICS AS.: SNAPSHOT
TABLE 053. PROX DYNAMICS AS.: BUSINESS PERFORMANCE
TABLE 054. PROX DYNAMICS AS.: PRODUCT PORTFOLIO
TABLE 055. PROX DYNAMICS AS.: KEY STRATEGIC MOVES AND DEVELOPMENTS

LIST OF FIGURES

FIGURE 001. YEARS CONSIDERED FOR ANALYSIS
FIGURE 002. SCOPE OF THE STUDY
FIGURE 003. ELECTRIC UNMANNED AERIAL VEHICLES MARKET OVERVIEW BY REGIONS
FIGURE 004. PORTER'S FIVE FORCES ANALYSIS
FIGURE 005. BARGAINING POWER OF SUPPLIERS
FIGURE 006. COMPETITIVE RIVALRYFIGURE 007. THREAT OF NEW ENTRANTS
FIGURE 008. THREAT OF SUBSTITUTES
FIGURE 009. VALUE CHAIN ANALYSIS
FIGURE 010. PESTLE ANALYSIS
FIGURE 011. ELECTRIC UNMANNED AERIAL VEHICLES MARKET OVERVIEW BY TYPE
FIGURE 012. FIXED-WING UAV MARKET OVERVIEW (2016-2028)
FIGURE 013. ROTARY WING UAV MARKET OVERVIEW (2016-2028)
FIGURE 014. ELECTRIC UNMANNED AERIAL VEHICLES MARKET OVERVIEW BY APPLICATION
FIGURE 015. MILITARY UAV MARKET OVERVIEW (2016-2028)
FIGURE 016. CIVILIAN UAV MARKET OVERVIEW (2016-2028)
FIGURE 017. NORTH AMERICA ELECTRIC UNMANNED AERIAL VEHICLES MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 018. EUROPE ELECTRIC UNMANNED AERIAL VEHICLES MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 019. ASIA PACIFIC ELECTRIC UNMANNED AERIAL VEHICLES MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 020. MIDDLE EAST & AFRICA ELECTRIC UNMANNED AERIAL VEHICLES MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 021. SOUTH AMERICA ELECTRIC UNMANNED AERIAL VEHICLES MARKET OVERVIEW BY COUNTRY (2016-2028)