Unmanned Aerial Vehicle Market Synopsis

Unmanned Aerial Vehicle Market Size Was Valued at USD 31.9 Billion in 2023, and is Projected to Reach USD 124.2 Billion by 2032, Growing at a CAGR of 16.3% From 2024-2032.

Key elements of a UAV, which is also sometimes called a drone, are the processors located on the vehicle, which is controlled from ground stations. A UAV has been designed with aerodynamic structures that have multi role capability when coupled with the right navigation systems. First, the technology was introduced in a number of military activities in order to make perilous military activities reduce the threats of human lives being lost during the operation. Military UAVs have missiles that are operated from high distances and intended for hitting certain objectives. The military then uses liquid hydrogen fuel that is altered to power UAVs that are modified for long-range operations against enemy forces.

  • Currently the main fields of using consumer drones are the aerial mapping, cinematography, and surveying. However, the application of consumer drones has grown massively in a number of industries and businesses ranging from commercial and research pursuits to more leisure and other services.
  • In the past few years, several bigwigs of this industry such as Alphabet’s Google, Amazon, DHL, Uber, Boeing, and Airbus have also stepped up their R&D efforts for this market owing to enormous profit potentials.
  • Drones are self-propelled, remotely piloted or pre-programmed aerial vehicles that do not transport passengers. Drones are also referred to as Unmanned Aerial Vehicles (UAVs) and they may be remotely partially or fully automated although human on board control is still the primary.
  • Drones are equipped with highly advanced and active real-time onboard systems that are controlled by operators/remote systems independently from the drone. UAVs comprise an aircraft body that has an aero dynamic shape that performs other functions besides the intended control of navigation system.
  • Such drones have application in several industries, which include but are not limited to defense, monitoring, search and rescue, weather reporting, taking of pictures and videos, transport, and delivery. Above all, their application is expanding from different sectors such as commercial, scientific, recreational, and civil. Second, the military and defense scope of these UAVs for terrorism and wars are broadening. Hence, the technological specifications of the UAVs, and the increased application of these vehicles in various domains are fueling the global demand for the UAVs market.
  • Security concerns, cybersecurity risks for example hacking or loss of control between operations, the high cost involved in the use of unmanned aircraft systems, and strict laws governing their use such as the FAA Modernization Act of 2012 are all factors that are minimising the growth of the UAV market worldwide.
  • Like consumer drones, commercial UAVs rely on GPS for the precise location of their vehicles. Therefore, the provided controllers receive the correct information concerning the position of this unmanned vehicle, no matter the significant distance it can be from this very location.
  • However, a problem occurs concerning the GPS – whether it would not be able to inform the controllers about the surrounding area. Moreover, there are other security risks related to this type of drone, for example, the risk of third parties getting access to the command unit components that could lead to change of the vehicle’s navigation, and the server might lose the vehicle’s GPS, as well.
  • Consequently, the use of UAVs might restrict other airplanes’ flight paths and pose dangers to other airborne objects if the drones are unable to distinguish the former.

Unmanned Aerial Vehicle Market Trend Analysis

Expanding Market Development of Drone-in-a-Box (DiaB) Technology Will Drive Advancement

  • The DiaB technology consists of a hovering drone that can fly back to a base station and initiate battery recharging after accomplishing a mission. One of its most common applications is in the various fields because it leads to the minimization of human work.
  • The technology has been employed in various industries such as telecommunication industry, maritime industry and the space industry. The telecom industry will adopt the drone-in-a-box system to facilitate the establishment of the communication network faster and more efficiently.
  • For instance, in May 2023, Nokia revealed that it signed a deal with Citymesh, a Belgian telecom operator to supply seventy drone-in-a-box systems. These units will continue introducing an automated drone grid across Belgium on a 5G network, helping speed up resource mobilization during emergency cases.
  • Also it is important to note that this technology can be used in other industries such as agriculture. The unmanned aerial vehicles that are fitted with a combination of cameras and sensors can be used to either keep track of the health of the crops or even the control the rate of growth of the crops. These drones make the military attacking and defending on the battlefield easier.
  • At the same time, personnel sit at a safe location, operating the facility remotely. DiaB also finds applications in other related industries such as construction and mining as well as where BVLOS drone operations may be involved. Also, these drones can be used for mapping Solar fields, Power Plant, Oil and Gas wells, and Mining Sites.
  • For instance, the Israeli company Percepto announced in November 2022 that the FAA had issued the first-ever hemispherical waiver to its drone-in-a-box. DiaB approval, AI-powered The DiaB approval launches Percepto to BVLOS workflows at suitable venues across the country.

Military procurement of drones is anticipated to increase, driving market expansion.

  • Modern wars are no longer held as they used to be with the assumption that the better armed side always comes out the winner to the assumption that the side with a better ISR stands a higher chance of winning. This phase of electronic warfare means the military has a huge market for the unmanned aerial vehicles (UAVs).
  • UAVs as defined do not have a human pilot present during flights and can be remotely controlled by personnel on the ground under a certain safe distance.
  • Another combat use of UAVs is for offensive missions by ISR. Drone technology can give missiles a battle size comparable to small planes while fully autonomous drone, often just called drones, can be reduced to roughly the size of a bird’s wingspan and used in suicide missions.
  • The drones become an absolute necessity for any military because of the functionalities that the vehicles possess; the functionalities that make push-back of adversary happen from the safety of the ground stations.

Unmanned Aerial Vehicle Market Segment Analysis:

Unmanned Aerial Vehicle Market is Segmented based on UAV Class, Operational Mode, Fully Autonomous, Solutions, Application, and End-User.

By Operational Mode, remotely operated segment is expected to dominate the market during the forecast period

  • The market is segmented into three operational modes: completely independent, partially independent, and/or teleoperated. The remotely operated segment represented the largest application of the market in 2022. Besides the fact that there is neither a crew nor occupants in a UAV. UAVs are also referred to as remotely piloted vehicles (RPVs) or automated ‘drones. ‘ Unmanned aerial vehicles (UAVS) have the capacity to continue a flight for long hours at low altitudes. Various nations have experienced an elevated need for UAVs being operated from distant locations in recent years due to the rising popularity of drone innovations and their usage for various purposes.
  • For instance, it is projected that India will purchase $3 Billion quadcopters- 31 MQ-9B RPAS. 07 billion in July 2023 through the foreign military sales (FMS) of the United States government . This will further strengthen the ISTAR assets of the Indian Armed Forces.
  • The fully-autonomous segment is expected to record the highest CAGR during 2023-2030. The system includes the CDS (Command Delivery System) and the FPS (Flight Planning System) for determining the flight path and the radius beforehand. The UAV controls everything in the situation without any input from the ground human pilot. High payload mission-based UAVs also includes UAVs produced by the United States, China, Russia and Israel for specific missions.
  • For example, in May 2023, (SSCI) received an approximately 5-year multimillion-dollar prime award from the U. S. Army Combat Capability Development Command (DEVCOM) C5ISR Center to develop, demonstrate, and transition autonomous UAVs.

By Fully Autonomous, Individual Autonomous segment held the largest share in 2023

  • Fully autonomous occupies the lion’s share with the help of Drone-in-a-Box (DiaB) and individual autonomous systems, correspondingly. Segment related to individual autonomous systems accounted for the major share of the market in 2022. The software controlled system is a complex system that needs a whole system for its operation. These systems give high value since they have the ability to operate independently in accomplishing missions and tasks.
  • For example, the autonomous flight technology company Near Earth Autonomy announced in May 2023 that the AFWERX program of the United States Air Force has selected the company to establish a Reliability Standard for Autonomous Aerial Transport under the umbrella of Autonomy Prime. It shows Near Earth’s commitment to advancing the progress of autonomous planes into the next levels.
  • Drone-in-a-Box (DiaB) is expected to be the fastest growing segment in terms of both volume and value during the forecast period. With the help of the drone-in-a-box, users receive the necessary information on the go and the system records aerial images for the administration of a facility. Participate in the process of the control over the other maintenance issues, inform facility users about gas/water breaches, trace human/vehicle activity with the use of designed tasks.
  • For instance, DroneMatrix and Infrabel signed a framework contract that will last till February 2032. The contract requires the provision of service for nine years and supply of four years for the purchase of drone-in-a-box solutions. Another feature associated with the issue of video reconnaissance is the multi-purpose application of the drone-in-a-box solution by the client for the video monitoring of the processing of rail vehicles at the port of Antwerp and in other areas of Belgium..

Unmanned Aerial Vehicle Market Regional Insights:

North America is Expected to Dominate the Market Over the Forecast period

  • North America remained the leader in the UAV market during the whole forecast period and holds the highest shares. The application of UAVs in the market and for military application is on the rise as is the investment in the procurement of autonomous drones.
  • According to the FAA, in July 2023 the number of registered drones increased in the United States and amounted to approximately 900 thousand units. The total number of registered drones for was 369,528 for commercial use while 416, 095 drones were used for recreational use. Furthermore the FAA granted 331,573 remote pilot certificates.
  • Moreover, the United States Department of Defense is constantly on the lookout for effective and innovative ways on how enhance its capabilities and combat adversaries like Russia and China without having to spend too much.
  • For instance, in April 2023, the Pentagon announced a new program called XOS and its goal is to build thousands of autonomous systems, including drones, in response to China’s rapidly growing military power. In March 2023 the United States Army awarded contracts for future Tactical UAVs to 5 companies. Companies chosen for the purpose included AeroVironment, Griffon Aerospace, Northrop Grumman, Sierra Nevada Corporation, and Textron Systems.
  • Moreover, Canada Defence Forces plan acquire UAVs and consider improving the defence capabilities. The MALE UAV Project – Operational Analyses Phase for the Royal Canadian Air Force has Begun. Several nicknames have been given to the RPAS Project. Consequently, the use of RPAS in the military under the Canadian national defense strategy has been influential in the adaptation of the military in the contemporary world, which is a major leap forward in military operations. The introduction of these programs will drive the growth of regional markets.

Active Key Players in the Unmanned Aerial Vehicle Market

  • AeroVironment, Inc. (U.S.)
  • Autel Robotics (U.S.)
  • Parrot Drone S.A.S. (Switzerland)
  • Yuneec (China)
  • BAE Systems PLC (U.K.)
  • Boeing (U.S.)
  • Elbit Systems Ltd. (Israel)
  • General Atomics Aeronautical Systems (U.S.)
  • Hexagon AB (Sweden)
  • Israel Aerospace Industries (Israel)
  • Lockheed Martin Corporation (U.S.)
  • Northrop Grumman Corporation (U.S.)
  • Other Key Players

Key Industry Developments in the Unmanned Aerial Vehicle Market:

  • July 2023 – IoTechWorld Avigation Pvt. Ltd. – an agriculture drones manufacturer has secured a major order of 500 drones from a cooperative major, IFFCO, to spray nano liquid urea and DAP.
  • June 2023 – U. S. Defense contracts AeroVironment to develop its high-altitude solar-powered UAV. AeroVironment has stated that it intends to develop a constellation of high-altitude long-range UAVs that will be used to facilitate internet access across the world. The fixed-wing aircraft is expected to operate at a speed of at an altitude of almost 65 000 ft. or 19 812 m and will have sensors.
  • June 2023 - Barfield Inc. announced that it has a formal partnership agreement with UAV manufacturer Skydrone Robotics to market and support Skydrone product UAVs in the U.S., Canada, and Latin America.
  • May 2023 – Garuda Aerospace which is one of the world’s largest drone manufacturing company on 27th May 2022 signed a Joint Development Partnership with HAL Naini Aeronautics Limited a subsidiary of HAL under the administrative control of MoD , Govt. of India. This JDP envisions helping the Garuda Aerospace to manufacture APDs in India for applications, including defense.
  • January 2023 – A contract for the provision of UAVs was issued by Primoco UAV SE. The Czech UAV manufacturer will deliver machines which total value is USD 2. over 50 million to a European customer.

Global Unmanned Aerial Vehicle Market

Base Year:

2023

Forecast Period:

2024-2032

Historical Data:

2017 to 2023

Market Size in 2023:

USD 31.9 Bn.

Forecast Period 2024-32 CAGR:

16.3 %

Market Size in 2032:

USD 124.2 Bn.

Segments Covered:

By UAV Class

  • Micro UAVs (Below 2 Kg)
  • Mini UAVs (2-20 Kg)
  • Small UAVs (20-50 Kg)
  • Tactical UAVs (MALE & HALE)

By Operational Mode

  • Fully Autonomous
  • Semi-Autonomous
  • Remotely-Operated

By Fully Autonomous

  • Individual Autonomous System
  • Drone-in-a-Box (DiaB)

By Solutions

  • Aerostructures & Mechanisms
  • Securing System
  • Operating Software
  • Tethering Cord
  • Power Sources & Management System
  • Payload
  • Propulsion System
  • Others

By Application

  • Perimeter Security & Border Management
  • Combat and Combat Support Missions
  • Situational Awareness, Disaster Management & First Responders
  • Surveying, Mapping, & Monitoring
  • Precision Agricultural Management
  • Power Station Management
  • Asset & Operations Management
  • Emergency Medical Logistics
  • Others

By End-User

  • Government & Defense
  • Energy, Power, Oil & Gas
  • Construction & Mining
  • Agriculture, Forestry & Wild Life Conservation
  • Public Infrastructure & Homeland Security
  • Hospitals & Emergency Medical Services
  • Transportation & Logistics
  • Event Management
  • Others

By Region

  • North America (U.S., Canada, Mexico)
  • Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
  • Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
  • Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New-Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
  • South America (Brazil, Argentina, Rest of SA)

Key Market Drivers:

  • Growing adoption of small UAVs for intelligence

Key Market Restraints:

  • High Cost Restrict the market growth

Key Opportunities:

  • Rise in applications like national border security and surveillance

Companies Covered in the report:

  • AeroVironment, Inc. (U.S.) Autel Robotics (U.S.) Parrot Drone S.A.S. (Switzerland) Yuneec (China) BAE Systems PLC (U.K.) Boeing (U.S.) Elbit Systems Ltd. (Israel) General Atomics Aeronautical Systems (U.S.) Hexagon AB (Sweden) Israel Aerospace Industries (Israel) Lockheed Martin Corporation (U.S.) Northrop Grumman Corporation (U.S.), and Other Major Players.
  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. UNMANNED AERIAL VEHICLE MARKET BY UAV CLASS (2017-2032)
    1. UNMANNED AERIAL VEHICLE MARKET SNAPSHOT AND GROWTH ENGINE
    2. MARKET OVERVIEW
    3. MICRO UAVS (BELOW 2 KG)
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2017 – 2032F)
      3. Historic And Forecasted Market Size in Volume (2017 – 2032F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
    4. MINI UAVS (2-20 KG)
    5. SMALL UAVS (20-50 KG)
    6. TACTICAL UAVS (MALE & HALE)
  7. UNMANNED AERIAL VEHICLE MARKET BY OPERATIONAL MODE (2017-2032)
    1. UNMANNED AERIAL VEHICLE MARKET SNAPSHOT AND GROWTH ENGINE
    2. MARKET OVERVIEW
    3. FULLY AUTONOMOUS
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2017 – 2032F)
      3. Historic And Forecasted Market Size in Volume (2017 – 2032F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
    4. SEMI-AUTONOMOUS
    5. REMOTELY-OPERATED
  8. UNMANNED AERIAL VEHICLE MARKET BY FULLY AUTONOMOUS (2017-2032)
    1. UNMANNED AERIAL VEHICLE MARKET SNAPSHOT AND GROWTH ENGINE
    2. MARKET OVERVIEW
    3. INDIVIDUAL AUTONOMOUS SYSTEM
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2017 – 2032F)
      3. Historic And Forecasted Market Size in Volume (2017 – 2032F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
    4. DRONE-IN-A-BOX (DIAB)
  9. UNMANNED AERIAL VEHICLE MARKET BY SOLUTIONS (2017-2032)
    1. UNMANNED AERIAL VEHICLE MARKET SNAPSHOT AND GROWTH ENGINE
    2. MARKET OVERVIEW
    3. AEROSTRUCTURES & MECHANISMS
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2017 – 2032F)
      3. Historic And Forecasted Market Size in Volume (2017 – 2032F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
    4. SECURING SYSTEM
    5. OPERATING SOFTWARE
    6. TETHERING CORD
    7. POWER SOURCES & MANAGEMENT SYSTEM
    8. PAYLOAD
    9. PROPULSION SYSTEM
    10. OTHERS
  10. UNMANNED AERIAL VEHICLE MARKET BY APPLICATION (2017-2032)
    1. UNMANNED AERIAL VEHICLE MARKET SNAPSHOT AND GROWTH ENGINE
    2. MARKET OVERVIEW
    3. PERIMETER SECURITY & BORDER MANAGEMENT
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2017 – 2032F)
      3. Historic And Forecasted Market Size in Volume (2017 – 2032F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
    4. COMBAT AND COMBAT SUPPORT MISSIONS
    5. SITUATIONAL AWARENESS, DISASTER MANAGEMENT & FIRST RESPONDERS
    6. SURVEYING, MAPPING, & MONITORING
    7. PRECISION AGRICULTURAL MANAGEMENT
    8. POWER STATION MANAGEMENT
    9. ASSET & OPERATIONS MANAGEMENT
    10. EMERGENCY MEDICAL LOGISTICS
    11. OTHERS
  11. UNMANNED AERIAL VEHICLE MARKET BY END-USER (2017-2032)
    1. UNMANNED AERIAL VEHICLE MARKET SNAPSHOT AND GROWTH ENGINE
    2. MARKET OVERVIEW
    3. GOVERNMENT & DEFENSE
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2017 – 2032F)
      3. Historic And Forecasted Market Size in Volume (2017 – 2032F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
    4. ENERGY, POWER, OIL & GAS
    5. CONSTRUCTION & MINING
    6. AGRICULTURE, FORESTRY & WILD LIFE CONSERVATION
    7. PUBLIC INFRASTRUCTURE & HOMELAND SECURITY
    8. HOSPITALS & EMERGENCY MEDICAL SERVICES
    9. TRANSPORTATION & LOGISTICS
    10. EVENT MANAGEMENT
    11. OTHERS
  12. COMPANY PROFILES AND COMPETITIVE ANALYSIS
    1. COMPETITIVE LANDSCAPE
      1. Competitive Positioning
      2. UNMANNED AERIAL VEHICLE Market Share By Manufacturer (2023)
      3. Industry BCG Matrix
      4. Heat Map Analysis
      5. Mergers & Acquisitions
    2. AEROVIRONMENT, INC. (U.S.)
      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. AUTEL ROBOTICS (U.S.)
    4. PARROT DRONE S.A.S. (SWITZERLAND)
    5. YUNEEC (CHINA)
    6. BAE SYSTEMS PLC (U.K.)
    7. BOEING (U.S.)
    8. ELBIT SYSTEMS LTD. (ISRAEL)
    9. GENERAL ATOMICS AERONAUTICAL SYSTEMS (U.S.)
    10. HEXAGON AB (SWEDEN)
    11. ISRAEL AEROSPACE INDUSTRIES (ISRAEL)
    12. LOCKHEED MARTIN CORPORATION (U.S.)
    13. NORTHROP GRUMMAN CORPORATION (U.S.)
  13. GLOBAL UNMANNED AERIAL VEHICLE 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 UAV Class
      4. Historic And Forecasted Market Size By Operational Mode
      5. Historic And Forecasted Market Size By Fully Autonomous
      6. Historic And Forecasted Market Size By Solutions
      7. Historic And Forecasted Market Size By Application
      8. Historic And Forecasted Market Size By End User
      9. 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
  14. INVESTMENT ANALYSIS
  15. ANALYST VIEWPOINT AND CONCLUSION
    1. Recommendations and Concluding Analysis
    2. Potential Market Strategies

Global Unmanned Aerial Vehicle Market

Base Year:

2023

Forecast Period:

2024-2032

Historical Data:

2017 to 2023

Market Size in 2023:

USD 31.9 Bn.

Forecast Period 2024-32 CAGR:

16.3 %

Market Size in 2032:

USD 124.2 Bn.

Segments Covered:

By UAV Class

  • Micro UAVs (Below 2 Kg)
  • Mini UAVs (2-20 Kg)
  • Small UAVs (20-50 Kg)
  • Tactical UAVs (MALE & HALE)

By Operational Mode

  • Fully Autonomous
  • Semi-Autonomous
  • Remotely-Operated

By Fully Autonomous

  • Individual Autonomous System
  • Drone-in-a-Box (DiaB)

By Solutions

  • Aerostructures & Mechanisms
  • Securing System
  • Operating Software
  • Tethering Cord
  • Power Sources & Management System
  • Payload
  • Propulsion System
  • Others

By Application

  • Perimeter Security & Border Management
  • Combat and Combat Support Missions
  • Situational Awareness, Disaster Management & First Responders
  • Surveying, Mapping, & Monitoring
  • Precision Agricultural Management
  • Power Station Management
  • Asset & Operations Management
  • Emergency Medical Logistics
  • Others

By End-User

  • Government & Defense
  • Energy, Power, Oil & Gas
  • Construction & Mining
  • Agriculture, Forestry & Wild Life Conservation
  • Public Infrastructure & Homeland Security
  • Hospitals & Emergency Medical Services
  • Transportation & Logistics
  • Event Management
  • Others

By Region

  • North America (U.S., Canada, Mexico)
  • Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
  • Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
  • Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New-Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
  • South America (Brazil, Argentina, Rest of SA)

Key Market Drivers:

  • Growing adoption of small UAVs for intelligence

Key Market Restraints:

  • High Cost Restrict the market growth

Key Opportunities:

  • Rise in applications like national border security and surveillance

Companies Covered in the report:

  • AeroVironment, Inc. (U.S.) Autel Robotics (U.S.) Parrot Drone S.A.S. (Switzerland) Yuneec (China) BAE Systems PLC (U.K.) Boeing (U.S.) Elbit Systems Ltd. (Israel) General Atomics Aeronautical Systems (U.S.) Hexagon AB (Sweden) Israel Aerospace Industries (Israel) Lockheed Martin Corporation (U.S.) Northrop Grumman Corporation (U.S.), and Other Major Players.

LIST OF TABLES

TABLE 001. EXECUTIVE SUMMARY
TABLE 002. UNMANNED AERIAL VEHICLE MARKET BARGAINING POWER OF SUPPLIERS
TABLE 003. UNMANNED AERIAL VEHICLE MARKET BARGAINING POWER OF CUSTOMERS
TABLE 004. UNMANNED AERIAL VEHICLE MARKET COMPETITIVE RIVALRY
TABLE 005. UNMANNED AERIAL VEHICLE MARKET THREAT OF NEW ENTRANTS
TABLE 006. UNMANNED AERIAL VEHICLE MARKET THREAT OF SUBSTITUTES
TABLE 007. UNMANNED AERIAL VEHICLE MARKET BY TYPE
TABLE 008. SOLAR POWERED UAV MARKET OVERVIEW (2016-2028)
TABLE 009. BATTERY POWERED UAV MARKET OVERVIEW (2016-2028)
TABLE 010. OIL POWERED UAV MARKET OVERVIEW (2016-2028)
TABLE 011. UNMANNED AERIAL VEHICLE MARKET BY WING TYPE
TABLE 012. FIXED WING MARKET OVERVIEW (2016-2028)
TABLE 013. ROTARY WING MARKET OVERVIEW (2016-2028)
TABLE 014. UNMANNED AERIAL VEHICLE MARKET BY OPERATION MODE
TABLE 015. REMOTELY PILOTED MARKET OVERVIEW (2016-2028)
TABLE 016. OPTIONALLY PILOTED MARKET OVERVIEW (2016-2028)
TABLE 017. FULLY AUTONOMOUS MARKET OVERVIEW (2016-2028)
TABLE 018. UNMANNED AERIAL VEHICLE MARKET BY RANGE
TABLE 019. VISUAL LINE OF SIGHT MARKET OVERVIEW (2016-2028)
TABLE 020. EXTENDED VISUAL LINE OF SIGHT MARKET OVERVIEW (2016-2028)
TABLE 021. BEYOND LINE OF SIGHT MARKET OVERVIEW (2016-2028)
TABLE 022. UNMANNED AERIAL VEHICLE MARKET BY APPLICATION
TABLE 023. INTELLIGENCE MARKET OVERVIEW (2016-2028)
TABLE 024. SURVEILLANCE AND RECONNAISSANCE MARKET OVERVIEW (2016-2028)
TABLE 025. COMBAT SUPPORT MARKET OVERVIEW (2016-2028)
TABLE 026. SEARCH AND RESCUE MARKET OVERVIEW (2016-2028)
TABLE 027. TRANSPORTATION MARKET OVERVIEW (2016-2028)
TABLE 028. EXPLOSIVE ORDNANCE DISPOSAL (EOD) MARKET OVERVIEW (2016-2028)
TABLE 029. SURVEYING AND MAPPING MARKET OVERVIEW (2016-2028)
TABLE 030. FIREFIGHTING MARKET OVERVIEW (2016-2028)
TABLE 031. TRAFFIC MANAGEMENT MARKET OVERVIEW (2016-2028)
TABLE 032. WAREHOUSING MARKET OVERVIEW (2016-2028)
TABLE 033. OTHERS MARKET OVERVIEW (2016-2028)
TABLE 034. UNMANNED AERIAL VEHICLE MARKET BY END USER
TABLE 035. MILITARY AND DEFENSE MARKET OVERVIEW (2016-2028)
TABLE 036. COMMERCIAL MARKET OVERVIEW (2016-2028)
TABLE 037. GOVERNMENT AND LAW ENFORCEMENT MARKET OVERVIEW (2016-2028)
TABLE 038. CONSUMERS MARKET OVERVIEW (2016-2028)
TABLE 039. NORTH AMERICA UNMANNED AERIAL VEHICLE MARKET, BY TYPE (2016-2028)
TABLE 040. NORTH AMERICA UNMANNED AERIAL VEHICLE MARKET, BY WING TYPE (2016-2028)
TABLE 041. NORTH AMERICA UNMANNED AERIAL VEHICLE MARKET, BY OPERATION MODE (2016-2028)
TABLE 042. NORTH AMERICA UNMANNED AERIAL VEHICLE MARKET, BY RANGE (2016-2028)
TABLE 043. NORTH AMERICA UNMANNED AERIAL VEHICLE MARKET, BY APPLICATION (2016-2028)
TABLE 044. NORTH AMERICA UNMANNED AERIAL VEHICLE MARKET, BY END USER (2016-2028)
TABLE 045. N UNMANNED AERIAL VEHICLE MARKET, BY COUNTRY (2016-2028)
TABLE 046. EUROPE UNMANNED AERIAL VEHICLE MARKET, BY TYPE (2016-2028)
TABLE 047. EUROPE UNMANNED AERIAL VEHICLE MARKET, BY WING TYPE (2016-2028)
TABLE 048. EUROPE UNMANNED AERIAL VEHICLE MARKET, BY OPERATION MODE (2016-2028)
TABLE 049. EUROPE UNMANNED AERIAL VEHICLE MARKET, BY RANGE (2016-2028)
TABLE 050. EUROPE UNMANNED AERIAL VEHICLE MARKET, BY APPLICATION (2016-2028)
TABLE 051. EUROPE UNMANNED AERIAL VEHICLE MARKET, BY END USER (2016-2028)
TABLE 052. UNMANNED AERIAL VEHICLE MARKET, BY COUNTRY (2016-2028)
TABLE 053. ASIA PACIFIC UNMANNED AERIAL VEHICLE MARKET, BY TYPE (2016-2028)
TABLE 054. ASIA PACIFIC UNMANNED AERIAL VEHICLE MARKET, BY WING TYPE (2016-2028)
TABLE 055. ASIA PACIFIC UNMANNED AERIAL VEHICLE MARKET, BY OPERATION MODE (2016-2028)
TABLE 056. ASIA PACIFIC UNMANNED AERIAL VEHICLE MARKET, BY RANGE (2016-2028)
TABLE 057. ASIA PACIFIC UNMANNED AERIAL VEHICLE MARKET, BY APPLICATION (2016-2028)
TABLE 058. ASIA PACIFIC UNMANNED AERIAL VEHICLE MARKET, BY END USER (2016-2028)
TABLE 059. UNMANNED AERIAL VEHICLE MARKET, BY COUNTRY (2016-2028)
TABLE 060. MIDDLE EAST & AFRICA UNMANNED AERIAL VEHICLE MARKET, BY TYPE (2016-2028)
TABLE 061. MIDDLE EAST & AFRICA UNMANNED AERIAL VEHICLE MARKET, BY WING TYPE (2016-2028)
TABLE 062. MIDDLE EAST & AFRICA UNMANNED AERIAL VEHICLE MARKET, BY OPERATION MODE (2016-2028)
TABLE 063. MIDDLE EAST & AFRICA UNMANNED AERIAL VEHICLE MARKET, BY RANGE (2016-2028)
TABLE 064. MIDDLE EAST & AFRICA UNMANNED AERIAL VEHICLE MARKET, BY APPLICATION (2016-2028)
TABLE 065. MIDDLE EAST & AFRICA UNMANNED AERIAL VEHICLE MARKET, BY END USER (2016-2028)
TABLE 066. UNMANNED AERIAL VEHICLE MARKET, BY COUNTRY (2016-2028)
TABLE 067. SOUTH AMERICA UNMANNED AERIAL VEHICLE MARKET, BY TYPE (2016-2028)
TABLE 068. SOUTH AMERICA UNMANNED AERIAL VEHICLE MARKET, BY WING TYPE (2016-2028)
TABLE 069. SOUTH AMERICA UNMANNED AERIAL VEHICLE MARKET, BY OPERATION MODE (2016-2028)
TABLE 070. SOUTH AMERICA UNMANNED AERIAL VEHICLE MARKET, BY RANGE (2016-2028)
TABLE 071. SOUTH AMERICA UNMANNED AERIAL VEHICLE MARKET, BY APPLICATION (2016-2028)
TABLE 072. SOUTH AMERICA UNMANNED AERIAL VEHICLE MARKET, BY END USER (2016-2028)
TABLE 073. UNMANNED AERIAL VEHICLE MARKET, BY COUNTRY (2016-2028)
TABLE 074. BOEING: SNAPSHOT
TABLE 075. BOEING: BUSINESS PERFORMANCE
TABLE 076. BOEING: PRODUCT PORTFOLIO
TABLE 077. BOEING: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 077. PARROT: SNAPSHOT
TABLE 078. PARROT: BUSINESS PERFORMANCE
TABLE 079. PARROT: PRODUCT PORTFOLIO
TABLE 080. PARROT: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 080. TITAN AEROSPACE: SNAPSHOT
TABLE 081. TITAN AEROSPACE: BUSINESS PERFORMANCE
TABLE 082. TITAN AEROSPACE: PRODUCT PORTFOLIO
TABLE 083. TITAN AEROSPACE: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 083. AAI: SNAPSHOT
TABLE 084. AAI: BUSINESS PERFORMANCE
TABLE 085. AAI: PRODUCT PORTFOLIO
TABLE 086. AAI: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 086. NORTHROP GRUMMAN: SNAPSHOT
TABLE 087. NORTHROP GRUMMAN: BUSINESS PERFORMANCE
TABLE 088. NORTHROP GRUMMAN: PRODUCT PORTFOLIO
TABLE 089. NORTHROP GRUMMAN: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 089. IAI: SNAPSHOT
TABLE 090. IAI: BUSINESS PERFORMANCE
TABLE 091. IAI: PRODUCT PORTFOLIO
TABLE 092. IAI: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 092. DYNALI HELICOPTERS: SNAPSHOT
TABLE 093. DYNALI HELICOPTERS: BUSINESS PERFORMANCE
TABLE 094. DYNALI HELICOPTERS: PRODUCT PORTFOLIO
TABLE 095. DYNALI HELICOPTERS: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 095. BAE SYSTEM: SNAPSHOT
TABLE 096. BAE SYSTEM: BUSINESS PERFORMANCE
TABLE 097. BAE SYSTEM: PRODUCT PORTFOLIO
TABLE 098. BAE SYSTEM: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 098. SAGEM: SNAPSHOT
TABLE 099. SAGEM: BUSINESS PERFORMANCE
TABLE 100. SAGEM: PRODUCT PORTFOLIO
TABLE 101. SAGEM: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 101. 3DR: SNAPSHOT
TABLE 102. 3DR: BUSINESS PERFORMANCE
TABLE 103. 3DR: PRODUCT PORTFOLIO
TABLE 104. 3DR: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 104. FED: SNAPSHOT
TABLE 105. FED: BUSINESS PERFORMANCE
TABLE 106. FED: PRODUCT PORTFOLIO
TABLE 107. FED: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 107. SUKHOL: SNAPSHOT
TABLE 108. SUKHOL: BUSINESS PERFORMANCE
TABLE 109. SUKHOL: PRODUCT PORTFOLIO
TABLE 110. SUKHOL: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 110. DASSAULT AVIATION: SNAPSHOT
TABLE 111. DASSAULT AVIATION: BUSINESS PERFORMANCE
TABLE 112. DASSAULT AVIATION: PRODUCT PORTFOLIO
TABLE 113. DASSAULT AVIATION: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 113. SENSEFLY LTD: SNAPSHOT
TABLE 114. SENSEFLY LTD: BUSINESS PERFORMANCE
TABLE 115. SENSEFLY LTD: PRODUCT PORTFOLIO
TABLE 116. SENSEFLY LTD: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 116. SCHIEBEL: SNAPSHOT
TABLE 117. SCHIEBEL: BUSINESS PERFORMANCE
TABLE 118. SCHIEBEL: PRODUCT PORTFOLIO
TABLE 119. SCHIEBEL: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 119. AEE: SNAPSHOT
TABLE 120. AEE: BUSINESS PERFORMANCE
TABLE 121. AEE: PRODUCT PORTFOLIO
TABLE 122. AEE: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 122. BDSTAR: SNAPSHOT
TABLE 123. BDSTAR: BUSINESS PERFORMANCE
TABLE 124. BDSTAR: PRODUCT PORTFOLIO
TABLE 125. BDSTAR: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 125. SHENZHEN SUNSHINE LASER & ELECTRONICS TECHNOLOGY: SNAPSHOT
TABLE 126. SHENZHEN SUNSHINE LASER & ELECTRONICS TECHNOLOGY: BUSINESS PERFORMANCE
TABLE 127. SHENZHEN SUNSHINE LASER & ELECTRONICS TECHNOLOGY: PRODUCT PORTFOLIO
TABLE 128. SHENZHEN SUNSHINE LASER & ELECTRONICS TECHNOLOGY: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 128. WUHAN GUIDE INFRARED: SNAPSHOT
TABLE 129. WUHAN GUIDE INFRARED: BUSINESS PERFORMANCE
TABLE 130. WUHAN GUIDE INFRARED: PRODUCT PORTFOLIO
TABLE 131. WUHAN GUIDE INFRARED: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 131. DJI: SNAPSHOT
TABLE 132. DJI: BUSINESS PERFORMANCE
TABLE 133. DJI: PRODUCT PORTFOLIO
TABLE 134. DJI: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 134. WUXI HANHE AVIATION TECHNOLOGY: SNAPSHOT
TABLE 135. WUXI HANHE AVIATION TECHNOLOGY: BUSINESS PERFORMANCE
TABLE 136. WUXI HANHE AVIATION TECHNOLOGY: PRODUCT PORTFOLIO
TABLE 137. WUXI HANHE AVIATION TECHNOLOGY: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 137. YAMAHA: SNAPSHOT
TABLE 138. YAMAHA: BUSINESS PERFORMANCE
TABLE 139. YAMAHA: PRODUCT PORTFOLIO
TABLE 140. YAMAHA: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 140. ZERO TECH: SNAPSHOT
TABLE 141. ZERO TECH: BUSINESS PERFORMANCE
TABLE 142. ZERO TECH: PRODUCT PORTFOLIO
TABLE 143. ZERO TECH: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 143. POWERVISION: SNAPSHOT
TABLE 144. POWERVISION: BUSINESS PERFORMANCE
TABLE 145. POWERVISION: PRODUCT PORTFOLIO
TABLE 146. POWERVISION: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 146. ZHONGHANG WISDOM SCIENCE AND TECHNOLOGY: SNAPSHOT
TABLE 147. ZHONGHANG WISDOM SCIENCE AND TECHNOLOGY: BUSINESS PERFORMANCE
TABLE 148. ZHONGHANG WISDOM SCIENCE AND TECHNOLOGY: PRODUCT PORTFOLIO
TABLE 149. ZHONGHANG WISDOM SCIENCE AND TECHNOLOGY: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 149. DEA GENERAL AVIAION: SNAPSHOT
TABLE 150. DEA GENERAL AVIAION: BUSINESS PERFORMANCE
TABLE 151. DEA GENERAL AVIAION: PRODUCT PORTFOLIO
TABLE 152. DEA GENERAL AVIAION: KEY STRATEGIC MOVES AND DEVELOPMENTS

LIST OF FIGURES

FIGURE 001. YEARS CONSIDERED FOR ANALYSIS
FIGURE 002. SCOPE OF THE STUDY
FIGURE 003. UNMANNED AERIAL VEHICLE 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. UNMANNED AERIAL VEHICLE MARKET OVERVIEW BY TYPE
FIGURE 012. SOLAR POWERED UAV MARKET OVERVIEW (2016-2028)
FIGURE 013. BATTERY POWERED UAV MARKET OVERVIEW (2016-2028)
FIGURE 014. OIL POWERED UAV MARKET OVERVIEW (2016-2028)
FIGURE 015. UNMANNED AERIAL VEHICLE MARKET OVERVIEW BY WING TYPE
FIGURE 016. FIXED WING MARKET OVERVIEW (2016-2028)
FIGURE 017. ROTARY WING MARKET OVERVIEW (2016-2028)
FIGURE 018. UNMANNED AERIAL VEHICLE MARKET OVERVIEW BY OPERATION MODE
FIGURE 019. REMOTELY PILOTED MARKET OVERVIEW (2016-2028)
FIGURE 020. OPTIONALLY PILOTED MARKET OVERVIEW (2016-2028)
FIGURE 021. FULLY AUTONOMOUS MARKET OVERVIEW (2016-2028)
FIGURE 022. UNMANNED AERIAL VEHICLE MARKET OVERVIEW BY RANGE
FIGURE 023. VISUAL LINE OF SIGHT MARKET OVERVIEW (2016-2028)
FIGURE 024. EXTENDED VISUAL LINE OF SIGHT MARKET OVERVIEW (2016-2028)
FIGURE 025. BEYOND LINE OF SIGHT MARKET OVERVIEW (2016-2028)
FIGURE 026. UNMANNED AERIAL VEHICLE MARKET OVERVIEW BY APPLICATION
FIGURE 027. INTELLIGENCE MARKET OVERVIEW (2016-2028)
FIGURE 028. SURVEILLANCE AND RECONNAISSANCE MARKET OVERVIEW (2016-2028)
FIGURE 029. COMBAT SUPPORT MARKET OVERVIEW (2016-2028)
FIGURE 030. SEARCH AND RESCUE MARKET OVERVIEW (2016-2028)
FIGURE 031. TRANSPORTATION MARKET OVERVIEW (2016-2028)
FIGURE 032. EXPLOSIVE ORDNANCE DISPOSAL (EOD) MARKET OVERVIEW (2016-2028)
FIGURE 033. SURVEYING AND MAPPING MARKET OVERVIEW (2016-2028)
FIGURE 034. FIREFIGHTING MARKET OVERVIEW (2016-2028)
FIGURE 035. TRAFFIC MANAGEMENT MARKET OVERVIEW (2016-2028)
FIGURE 036. WAREHOUSING MARKET OVERVIEW (2016-2028)
FIGURE 037. OTHERS MARKET OVERVIEW (2016-2028)
FIGURE 038. UNMANNED AERIAL VEHICLE MARKET OVERVIEW BY END USER
FIGURE 039. MILITARY AND DEFENSE MARKET OVERVIEW (2016-2028)
FIGURE 040. COMMERCIAL MARKET OVERVIEW (2016-2028)
FIGURE 041. GOVERNMENT AND LAW ENFORCEMENT MARKET OVERVIEW (2016-2028)
FIGURE 042. CONSUMERS MARKET OVERVIEW (2016-2028)
FIGURE 043. NORTH AMERICA UNMANNED AERIAL VEHICLE MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 044. EUROPE UNMANNED AERIAL VEHICLE MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 045. ASIA PACIFIC UNMANNED AERIAL VEHICLE MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 046. MIDDLE EAST & AFRICA UNMANNED AERIAL VEHICLE MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 047. SOUTH AMERICA UNMANNED AERIAL VEHICLE MARKET OVERVIEW BY COUNTRY (2016-2028)

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Frequently Asked Questions :

What would be the forecast period in the Unmanned Aerial Vehicle Market research report?

The forecast period in the Unmanned Aerial Vehicle Market research report is 2024-2032.

Who are the key players in Unmanned Aerial Vehicle Market?

AeroVironment, Inc. (U.S.) Autel Robotics (U.S.) Parrot Drone S.A.S. (Switzerland) Yuneec (China) BAE Systems PLC (U.K.) Boeing (U.S.) Elbit Systems Ltd. (Israel) General Atomics Aeronautical Systems (U.S.) Hexagon AB (Sweden) Israel Aerospace Industries (Israel) Lockheed Martin Corporation (U.S.) Northrop Grumman Corporation (U.S.), and Other Major Players.

What are the segments of the Unmanned Aerial Vehicle Market?

The Unmanned Aerial Vehicle Market is segmented into UAV class, operational mode, fully autonomous, solutions, application, end-user, and region. By UAV class, the market is categorized into Micro UAVs (Below 2 Kg), Mini UAVs (2-20 Kg), Small UAVs (20-50 Kg), and Tactical UAVs (MALE & HALE). By operational mode, the market is categorized into Fully Autonomous, Semi-Autonomous, and Remotely-Operated. By fully autonomous, the market is categorized into Individual Autonomous System, and Drone-in-a-Box (DiaB). By solutions, the market is categorized into Aerostructures & Mechanisms, Securing System, Operating Software, Tethering Cord, Power Sources & Management System, Payload, Propulsion System, and Others. By application, By end-user, and by region, it is analyzed across North America (U.S.; Canada; Mexico), Europe (Germany; U.K.; France; Italy; Russia; Spain, etc.), Asia-Pacific (China; India; Japan; Southeast Asia, etc.), South America (Brazil; Argentina, etc.), Middle East & Africa (Saudi Arabia; South Africa, etc.).

What is the Unmanned Aerial Vehicle Market?

Unmanned Aerial Vehicles (UAVs), more colloquially termed drones, are aircraft that are operated in the absence of a human pilot. UAVs have the capability to operate autonomously or under remote control via dynamic automation systems or pre-programmed flight plans. A variety of sensors, cameras, and containers are affixed to them to facilitate an extensive array of functions. These include but are not limited to aerial photography, surveillance, mapping, agricultural monitoring, and delivery services. By supplying efficient and cost-effective solutions for duties that were previously difficult or unattainable, UAVs have revolutionized numerous industries.

How big is the Unmanned Aerial Vehicle Market?

Unmanned Aerial Vehicle Market Size Was Valued at USD 31.9 Billion in 2023, and is Projected to Reach USD 124.2 Billion by 2032, Growing at a CAGR of 16.3% From 2024-2032.