Precedence Research recently published a report on “Unmanned Aerial Vehicle (UAV) Market (By Class: Tactical UAVs, Small UAVs, and Strategic UAVs; By Technology: Fully-autonomous, Semi-autonomous, and Remotely Operated; By System: UAV Payloads, UAV Airframe, UAV Avionics, UAV Software, and UAV Propulsion; By Application: Commercial, Military, and Recreational) – Global Industry Analysis, Size, Share, Growth, Trends Analysis, Regional Outlook and Forecasts, 2021 – 2030”. Amid the COVID-19 crisis, The global unmanned aerial vehicle (UAV) market size is projected to reach USD 36 billion by 2030 from an estimated USD 14.3 billion in 2020, at a CAGR of 14% from 2021 – 2030.
The market revenue/volume with the help of widespread quantitative and qualitative insights, and forecasts of the market. This report presents breakdown of market into forthcoming and niche segments. Additionally, this research study gauges market revenue growth and its drift at global, regional, and country from 2016 to 2030. This research report evaluates unmanned aerial vehicle (UAV) market on a global and regional level. It offers thorough analysis of market status, growth and forecast of the global unmanned aerial vehicle (UAV) market for the period from 2016 to 2030. This research study offers historic data for years 2016 to 2030 along with a forecast from 2021 to 2030 based on value.
Unmanned Aerial Vehicles (UAVs) are an important component of Unmanned Aerial System (UAS) that are also commonly known as drones. These UAVs are consisting of on-board computers that control their flight and other necessary operations. Drones were previously developed for military operation to handle life-risky missions, whereas have penetrated to various fields. However, military UAVs have also gone through several developments for long-range operations.
Further, the integration of artificial intelligence and machine learning in UAVs is one of the most prominent factors that propel the market growth of UAVs over the upcoming years. The Superior capability of UAVs for analyzing millions of images that enables secure, safe, and more accurate data that further helps in enhancing the decision-making capability across various industrial applications. Presently, companies rely more on the accurate information analysis and data collection using various software that helps enhancing the business output and operation. Enhancement in the hardware and as well as components of UAVs are likely to help customers to generate real-time images and maps because of integration of advanced cameras, fast microprocessors, and modern computing technologies.
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Advancement in the UAVs has also triggered their increased application across various commercial sectors to gather large amount of real-time information in order to make strategic business decisions. Gradually, UAVs have registered the fastest growth across various commercial applications some of them include mining, construction, oil & gas, photography, agriculture, and various other sectors. The construction sector expected to offer prominent opportunities for UAVs over the upcoming years owing to large application for mapping and surveying the construction site.
The impact of COVID-19 on the global Unmanned Aerial Vehicles (UAVs) market anticipated to be moderate because of lockdown situations across various countries such as UK, Germany, USA, Italy, India, and many others. Because of the same, the demand for armaments and defense products has gradually decreased from the military sector. Yet, the overall demand for drones or UAVs is flourishing well owing to its significant application as a life saving tool during the COVID-19 situation.
On the basis of class, small UAVs projected to register the fastest growth rate owing to multiple applications across civil and military sectors. These UAVs are widely used for monitoring, security, and surveillance purposes. Hence, the aforementioned factors are likely to propel the market growth for small UAVs in the coming years. Further, the rising demand for small UAVs across commercial applications that include mapping, surveying, agriculture, and logistics are expected to prosper the market growth during the forthcoming years.
Based on technology, remotely operated UAVs capture the majority of the global UAV market revenue share in the year 2020 and likely to pertain its hold during the analysis time frame. This is majorly attributed to wide range of UAV products operated by remote sensing technology. The remote sensing technology has larger applications across various commercial sectors to gather crucial set of information such as forest monitoring, agriculture, and aerial mapping.
In terms of geography, North America dominated the global Unmanned Aerial Vehicle (UAV) market in the year 2020 because of increasing application of UAVs across various applications prominently in the military sector. The U.S. is one of the significant manufacturers of military drones and also exports to various other countries. On the other hand, Europe expected to register significant growth rate over the forthcoming years owing to rising demand for high-definition cameras, software, navigation system, and avionics over the past few years. In addition, major market players operating in the industry are concentrated in the region such as Delair and Parrot Drones that addresses the rising demand of the regional consumers.
The global Unmanned Aerial Vehicle (UAV) market is highly fragmented in nature owing to the presence of several large industry players operating globally in the market. These operating industry participants have strong product portfolio as well as widespread distribution network across the world. Presently, Yuneec, Parrot Drones, and DJI are some of the leading market players that covers majority of the market revenue in the year 2020. Apart from this, startups have significant opportunity to propel in the market due to lack of resistance from established players along with the government. Besides, the market growth is majorly governed by upcoming technologies such as IoT, AI, and many others. Hence, Industry participants focus mainly on the technology integration to gain prominent strength in the market.
| Report Highlights | Details |
| Market Size | US$ 36 Billion by 2030 |
| Growth Rate | CAGR of 14% From 2021 to 2030 |
| Base Year | 2020 |
| Historic Data | 2017 to 2020 |
| Forecast Period | 2021 to 2030 |
| Segments Covered | Class, Technology, System, Application |
| Regional Scope | North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA) |
| Companies Mentioned | General Atomics Aeronautical Systems Inc., Northrop Grumman Corporation, Israel Aerospace Industries Ltd., Elbit Systems Ltd., Parrot, SZ DJI Technology Co. Ltd., Others |
Scope of the Study
This unmanned aerial vehicle (UAV) market report studies market dynamics, status and outlook especially in North America, Europe and Asia-Pacific, Latin America, Middle East and Africa. This research report offers scenario and forecast (revenue/volume), and categorizes market by players, type, application, and region. This report also studies global market prominence, competitive landscape, market share, growth rate market dynamics such as drivers, restraints and opportunities, and distributors and sales channel.
This research study also integrates Industry Chain analysis and Porter’s Five Forces Analysis. Further, this report offers competitive scenario which comprises collaborations, market concentration rate and expansions, mergers & acquisitions undertaken by companies.
Key Players:
This report also provides detailed company profiles of the key market players. This research report also highlights the competitive landscape of the unmanned aerial vehicle (UAV) market and ranks noticeable companies as per their occurrence in diverse regions across globe and crucial developments initiated by them in the market space. This research study also tracks and evaluates competitive developments, such as collaborations, partnerships, and agreements, mergers and acquisitions; novel product introductions and developments, promotion strategies and Research and Development (R&D) activities in the marketplace. The competitive profiling of these players includes business and financial overview, gross margin, production, sales, and recent developments which can aid in assessing competition in the market.
Some of the prominent players in the unmanned aerial vehicle (UAV) market include General Atomics Aeronautical Systems Inc., Northrop Grumman Corporation, Israel Aerospace Industries Ltd., Elbit Systems Ltd., Parrot, SZ DJI Technology Co. Ltd., Lockheed Martin Corporation, Yuneec Thales Group, Go Pro, 3D Robotics, Holy Stone Autel Robotics, Kesper Drone, Sense Fly, Delair, Hexagon, and AeroVironment Inc. among others.
The global Unmanned Aerial Vehicle (UAV) market research report classifies the market as follows:
By Class
By Technology
By System
By Application
By Regional Outlook
Key Takeaways
TABLE OF CONTENT
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. Market Dynamics Analysis and Trends
5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition
Chapter 6. Competitive Landscape
6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers
Chapter 7. Global Unmanned Aerial Vehicle (UAV) Market, By Class
7.1. Unmanned Aerial Vehicle (UAV) Market, by Class, 2020-2027
7.1.1. Tactical UAVs
7.1.1.1. Market Revenue and Forecast (2016-2027)
7.1.2. Small UAVs
7.1.2.1. Market Revenue and Forecast (2016-2027)
7.1.3. Strategic UAVs
7.1.3.1. Market Revenue and Forecast (2016-2027)
Chapter 8. Global Unmanned Aerial Vehicle (UAV) Market, By Technology
8.1. Unmanned Aerial Vehicle (UAV) Market, by Technology, 2020-2027
8.1.1. Fully-autonomous
8.1.1.1. Market Revenue and Forecast (2016-2027)
8.1.2. Semi-autonomous
8.1.2.1. Market Revenue and Forecast (2016-2027)
8.1.3. Remotely Operated
8.1.3.1. Market Revenue and Forecast (2016-2027)
Chapter 9. Global Unmanned Aerial Vehicle (UAV) Market, By System
9.1. Unmanned Aerial Vehicle (UAV) Market, by System, 2020-2027
9.1.1. UAV Payloads
9.1.1.1. Market Revenue and Forecast (2016-2027)
9.1.2. UAV Airframe
9.1.2.1. Market Revenue and Forecast (2016-2027)
9.1.3. UAV Avionics
9.1.3.1. Market Revenue and Forecast (2016-2027)
9.1.4. UAV Software
9.1.4.1. Market Revenue and Forecast (2016-2027)
9.1.5. UAV Propulsion
9.1.5.1. Market Revenue and Forecast (2016-2027)
Chapter 10. Global Unmanned Aerial Vehicle (UAV) Market, By Application
10.1. Unmanned Aerial Vehicle (UAV) Market, by Application, 2020-2027
10.1.1. Commercial
10.1.1.1. Market Revenue and Forecast (2016-2027)
10.1.2. Military
10.1.2.1. Market Revenue and Forecast (2016-2027)
10.1.3. Recreational
10.1.3.1. Market Revenue and Forecast (2016-2027)
Chapter 11. Global Unmanned Aerial Vehicle (UAV) Market, Regional Estimates and Trend Forecast
11.1. North America
11.1.1. Market Revenue and Forecast, by Class (2016-2027)
11.1.2. Market Revenue and Forecast, by Technology (2016-2027)
11.1.3. Market Revenue and Forecast, by System (2016-2027)
11.1.4. Market Revenue and Forecast, by Application (2016-2027)
11.1.5. U.S.
11.1.5.1. Market Revenue and Forecast, by Class (2016-2027)
11.1.5.2. Market Revenue and Forecast, by Technology (2016-2027)
11.1.5.3. Market Revenue and Forecast, by System(2016-2027)
11.1.5.4. Market Revenue and Forecast, by Application (2016-2027)
11.1.6. Rest of North America
11.1.6.1. Market Revenue and Forecast, by Class (2016-2027)
11.1.6.2. Market Revenue and Forecast, by Technology (2016-2027)
11.1.6.3. Market Revenue and Forecast, by System (2016-2027)
11.1.6.4. Market Revenue and Forecast, by Application (2016-2027)
11.2. Europe
11.2.1. Market Revenue and Forecast, by Class (2016-2027)
11.2.2. Market Revenue and Forecast, by Technology (2016-2027)
11.2.3. Market Revenue and Forecast, by System (2016-2027)
11.2.4. Market Revenue and Forecast, by Application (2016-2027)
11.2.5. UK
11.2.5.1. Market Revenue and Forecast, by Class (2016-2027)
11.2.5.2. Market Revenue and Forecast, by Technology (2016-2027)
11.2.5.3. Market Revenue and Forecast, by System (2016-2027)
11.2.5.4. Market Revenue and Forecast, by Application (2016-2027)
11.2.6. Germany
11.2.6.1. Market Revenue and Forecast, by Class (2016-2027)
11.2.6.2. Market Revenue and Forecast, by Technology (2016-2027)
11.2.6.3. Market Revenue and Forecast, by System (2016-2027)
11.2.6.4. Market Revenue and Forecast, by Application (2016-2027)
11.2.7. France
11.2.7.1. Market Revenue and Forecast, by Class (2016-2027)
11.2.7.2. Market Revenue and Forecast, by Technology (2016-2027)
11.2.7.3. Market Revenue and Forecast, by System (2016-2027)
11.2.7.4. Market Revenue and Forecast, by Application (2016-2027)
11.2.8. Rest of Europe
11.2.8.1. Market Revenue and Forecast, by Class (2016-2027)
11.2.8.2. Market Revenue and Forecast, by Technology (2016-2027)
11.2.8.3. Market Revenue and Forecast, by System (2016-2027)
11.2.8.4. Market Revenue and Forecast, by Application (2016-2027)
11.3. APAC
11.3.1. Market Revenue and Forecast, by Class (2016-2027)
11.3.2. Market Revenue and Forecast, by Technology (2016-2027)
11.3.3. Market Revenue and Forecast, by System (2016-2027)
11.3.4. Market Revenue and Forecast, by Application (2016-2027)
11.3.5. India
11.3.5.1. Market Revenue and Forecast, by Class (2016-2027)
11.3.5.2. Market Revenue and Forecast, by Technology (2016-2027)
11.3.5.3. Market Revenue and Forecast, by System (2016-2027)
11.3.5.4. Market Revenue and Forecast, by Application (2016-2027)
11.3.6. China
11.3.6.1. Market Revenue and Forecast, by Class (2016-2027)
11.3.6.2. Market Revenue and Forecast, by Technology (2016-2027)
11.3.6.3. Market Revenue and Forecast, by System (2016-2027)
11.3.6.4. Market Revenue and Forecast, by Application (2016-2027)
11.3.7. Japan
11.3.7.1. Market Revenue and Forecast, by Class (2016-2027)
11.3.7.2. Market Revenue and Forecast, by Technology (2016-2027)
11.3.7.3. Market Revenue and Forecast, by System (2016-2027)
11.3.7.4. Market Revenue and Forecast, by Application (2016-2027)
11.3.8. Rest of APAC
11.3.8.1. Market Revenue and Forecast, by Class (2016-2027)
11.3.8.2. Market Revenue and Forecast, by Technology (2016-2027)
11.3.8.3. Market Revenue and Forecast, by System (2016-2027)
11.3.8.4. Market Revenue and Forecast, by Application (2016-2027)
11.4. MEA
11.4.1. Market Revenue and Forecast, by Class (2016-2027)
11.4.2. Market Revenue and Forecast, by Technology (2016-2027)
11.4.3. Market Revenue and Forecast, by System (2016-2027)
11.4.4. Market Revenue and Forecast, by Application (2016-2027)
11.4.5. GCC
11.4.5.1. Market Revenue and Forecast, by Class (2016-2027)
11.4.5.2. Market Revenue and Forecast, by Technology (2016-2027)
11.4.5.3. Market Revenue and Forecast, by System (2016-2027)
11.4.5.4. Market Revenue and Forecast, by Application (2016-2027)
11.4.6. North Africa
11.4.6.1. Market Revenue and Forecast, by Class (2016-2027)
11.4.6.2. Market Revenue and Forecast, by Technology (2016-2027)
11.4.6.3. Market Revenue and Forecast, by System (2016-2027)
11.4.6.4. Market Revenue and Forecast, by Application (2016-2027)
11.4.7. South Africa
11.4.7.1. Market Revenue and Forecast, by Class (2016-2027)
11.4.7.2. Market Revenue and Forecast, by Technology (2016-2027)
11.4.7.3. Market Revenue and Forecast, by System (2016-2027)
11.4.7.4. Market Revenue and Forecast, by Application (2016-2027)
11.4.8. Rest of MEA
11.4.8.1. Market Revenue and Forecast, by Class (2016-2027)
11.4.8.2. Market Revenue and Forecast, by Technology (2016-2027)
11.4.8.3. Market Revenue and Forecast, by System (2016-2027)
11.4.8.4. Market Revenue and Forecast, by Application (2016-2027)
11.5. Latin America
11.5.1. Market Revenue and Forecast, by Class (2016-2027)
11.5.2. Market Revenue and Forecast, by Technology (2016-2027)
11.5.3. Market Revenue and Forecast, by System (2016-2027)
11.5.4. Market Revenue and Forecast, by Application (2016-2027)
11.5.5. Brazil
11.5.5.1. Market Revenue and Forecast, by Class (2016-2027)
11.5.5.2. Market Revenue and Forecast, by Technology (2016-2027)
11.5.5.3. Market Revenue and Forecast, by System (2016-2027)
11.5.5.4. Market Revenue and Forecast, by Application (2016-2027)
11.5.6. Rest of LATAM
11.5.6.1. Market Revenue and Forecast, by Class (2016-2027)
11.5.6.2. Market Revenue and Forecast, by Technology (2016-2027)
11.5.6.3. Market Revenue and Forecast, by System (2016-2027)
11.5.6.4. Market Revenue and Forecast, by Application (2016-2027)
Chapter 12. Company Profiles
12.1. General Atomics Aeronautical Systems Inc.
12.1.1. Company Overview
12.1.2. Product Offerings
12.1.3. Financial Performance
12.1.4. Recent Initiatives
12.2. Northrop Grumman Corporation
12.2.1. Company Overview
12.2.2. Product Offerings
12.2.3. Financial Performance
12.2.4. Recent Initiatives
12.3. Israel Aerospace Industries Ltd.
12.3.1. Company Overview
12.3.2. Product Offerings
12.3.3. Financial Performance
12.3.4. Recent Initiatives
12.4. Elbit Systems Ltd.
12.4.1. Company Overview
12.4.2. Product Offerings
12.4.3. Financial Performance
12.4.4. Recent Initiatives
12.5. Parrot
12.5.1. Company Overview
12.5.2. Product Offerings
12.5.3. Financial Performance
12.5.4. Recent Initiatives
12.6. SZ DJI Technology Co. Ltd.
12.6.1. Company Overview
12.6.2. Product Offerings
12.6.3. Financial Performance
12.6.4. Recent Initiatives
12.7. Lockheed Martin Corporation
12.7.1. Company Overview
12.7.2. Product Offerings
12.7.3. Financial Performance
12.7.4. Recent Initiatives
12.8. Yuneec
12.8.1. Company Overview
12.8.2. Product Offerings
12.8.3. Financial Performance
12.8.4. Recent Initiatives
12.9. Thales Group
12.9.1. Company Overview
12.9.2. Product Offerings
12.9.3. Financial Performance
12.9.4. Recent Initiatives
12.10. Go Pro
12.10.1. Company Overview
12.10.2. Product Offerings
12.10.3. Financial Performance
12.10.4. Recent Initiatives
12.11. 3D Robotics
12.11.1. Company Overview
12.11.2. Product Offerings
12.11.3. Financial Performance
12.11.4. Recent Initiatives
12.12. Holy Stone
12.12.1. Company Overview
12.12.2. Product Offerings
12.12.3. Financial Performance
12.12.4. Recent Initiatives
12.13. Autel Robotics
12.13.1. Company Overview
12.13.2. Product Offerings
12.13.3. Financial Performance
12.13.4. Recent Initiatives
12.14. Kesper Drone
12.14.1. Company Overview
12.14.2. Product Offerings
12.14.3. Financial Performance
12.14.4. Recent Initiatives
12.15. Sense Fly
12.15.1. Company Overview
12.15.2. Product Offerings
12.15.3. Financial Performance
12.15.4. Recent Initiatives
12.16. Delair
12.16.1. Company Overview
12.16.2. Product Offerings
12.16.3. Financial Performance
12.16.4. Recent Initiatives
12.17. Hexagon
12.17.1. Company Overview
12.17.2. Product Offerings
12.17.3. Financial Performance
12.17.4. Recent Initiatives
12.18. AeroVironment Inc.
12.18.1. Company Overview
12.18.2. Product Offerings
12.18.3. Financial Performance
12.18.4. Recent Initiatives
Chapter 13. Research Methodology
13.1. Primary Research
13.2. Secondary Research
13.3. Assumptions
Chapter 14. Appendix
14.1. About Us
14.2. Glossary of Terms
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