The Unmanned Aerial Vehicle (UAV) Market is expected to grow from USD 24.72 billion in 2020 to USD 58.4 billion by 2026 at a CAGR of 16.4% from 2020 to 2026.
Unmanned aerial vehicle (UAV) is an aerial transportation means which operates without on-board crew or passengers controlled by remote control, autonomously, or both. Unmanned aerial vehicle is the next generation aircraft technology used for surveillance, logistics, assessment and photography among others. Implementation of rules and regulation associated to usage of UAVs by several countries are directly influence the demand for unmanned aerial vehicle. Unmanned aerial vehicle (UAV) also referred as drones. The demand in the global Unmanned Aerial Vehicle (UAV) market is projected to increase in the coming few years due to the rapid adoption as well as incorporation of latest technologies such as artificial intelligence, cloud computing, and sense and avoid systems in these unmanned aerial vehicles. Integration of artificial intelligence technologies in the products in the global Unmanned Aerial Vehicle (UAV) market has not just improved their flight and security capabilities but has also allowed them to function and accomplish activities such as easy take off, data analysis, data capture, navigation, and data transmission without the requirement for human intervention. Furthermore, the increasing usage of drones in several commercial applications in also projected to emerge as a significant driver for the global Unmanned Aerial Vehicle (UAV) market in coming years. The drones from the global Unmanned Aerial Vehicle (UAV) market were earlier used for significantly border security operations. Commercial applications for the products in the global Unmanned Aerial Vehicle (UAV) market are product delivery and transportation along with aerial photography applications. In addition to this, the increasing affordability of commercial photography drones is anticipated to fuel the development in the global Unmanned Aerial Vehicle (UAV) market in coming years. On the other hand, the heavy infrastructure costs and dearth of skilled personnel for operating unmanned aerial vehicles will likely to impede the market growth.
Furthermore, the technological advancements in UAV are taking place at a rapid pace which is providing opportunities for the market growth. Moreover, these advancements are projected to lead to an increased use of drones in a wide range of sectors, ranging from commercial to military. One of the key areas of innovation is the development of armed UAV. The US has been a leader in terms of the usage of UAV in warfare for a long time. The three significant drones being deployed presently by the US are the MQ-1 Predator, MQ-1C Sky Warrior, and MQ-9 Reaper, from General Atomics. The MQ-1 Predator persists to be a generally used drone by the military of the US presently.
The global Unmanned Aerial Vehicle (UAV) market is segregated on the basis of Type as Fixed Wing, Rotary Wing and Hybrid. Based on Application the global Unmanned Aerial Vehicle (UAV) market is segmented in Military & Defense, Civil & Commercial, Logistics & Transportation, Construction & Mining and Others. Based on Weight the global Unmanned Aerial Vehicle (UAV) Market is segmented in Less Than 50 Kg and More Than 50 Kg.
The global Unmanned Aerial Vehicle (UAV) market report provides geographic analysis covering regions, such as Europe, North America, Asia Pacific, and Rest of The World. The Unmanned Aerial Vehicle (UAV) Market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.
Competitive Analysis
3D Robotics Inc, Aeronautics Ltd, Israel Aerospace Industries Ltd, General Atomics Aeronautical Systems Inc (Ga-Asi), Aerovironment Inc and others are among the major players in the global Unmanned Aerial Vehicle (UAV) market . The companies studied in terms of product strategy and various n several growth and expansion strategies to gain a competitive edge in the market. The major players not only follow value chain integration with business operations in multiple stages of the value chain.
The global Unmanned Aerial Vehicle (UAV) market has been segmented as below:
Unmanned Aerial Vehicle (UAV) Market, By Type
Unmanned Aerial Vehicle (UAV) Market, By Application
Unmanned Aerial Vehicle (UAV) Market, By Weight
Unmanned Aerial Vehicle (UAV) Market, By Region
Unmanned Aerial Vehicle (UAV) Market, By Company
The report covers the below scope:
The years considered for the study are as follows:
Report Scope:
The global Unmanned Aerial Vehicle (UAV) Market report scope includes detailed study covering underlying factors influencing the industry trends. The report covers analysis on regional and country level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies. The report scope includes detailed competitive outlook covering market shares and profiles key participants in the global Unmanned Aerial Vehicle (UAV) Market share. Major industry players with significant revenue share include 3D Robotics Inc, Aeronautics Ltd, Israel Aerospace Industries Ltd, General Atomics Aeronautical Systems Inc (Ga-Asi), Aerovironment Inc. and others.
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1. Introduction
1.1. Key Points
1.2. Report Description
1.3. Markets Covered
1.4. Stakeholders
2. Research Methodology
2.1. Research Scope
2.2. Research Methodology
2.2.1. Market Research Process
2.2.2. Research Methodology
2.2.2.1. Secondary Research
2.2.2.2. Primary Research
2.2.2.3. Models for Estimation
2.3. Market Size Estimation
2.3.1. Bottom-Up Approach
2.3.2. Top-Down Approach
3. Executive Summary
4. Market Overview
4.1. Introduction
4.2. Drivers
4.3. Restraints
4.4. Opportunities
4.5. Challenges
5. Unmanned Aerial Vehicle (UAV) Market, By Type
5.1. Key Points
5.2. Fixed Wing
5.3. Rotary Wing
5.4. Hybrid
6. Unmanned Aerial Vehicle (UAV) Market, By Application
6.1. Key Points
6.2. Military & Defense
6.3. Civil & Commercial
6.4. Logistics & Transportation
6.5. Construction & Mining
6.6. Others
7. Unmanned Aerial Vehicle (UAV) Market, By Weight
7.1. Key Points
7.2. Less Than 50 Kg
7.3. More Than 50 Kg
8. Competitive Landscape
8.1. Introduction
8.2. Start-up companies- Unmanned Aerial Vehicle (UAV) Market
8.3. Recent Developments
8.3.1. Mergers & Acquisitions
8.3.2. New Product Developments
8.3.3. Portfolio/Production Capacity Expansions
8.3.4. Joint Ventures, Collaborations, Partnerships & Agreements
8.3.5. Others
9. Company Profile
9.1. 3D Robotics Inc
9.2. Aeronautics Ltd
9.3. Israel Aerospace Industries Ltd
9.4. General Atomics Aeronautical Systems Inc (Ga-Asi)
9.5. Aerovironment Inc
9.6. Bae Systems
9.7. Elbit Systems Ltd
9.8. Lockheed Martin Corporation
9.9. Northrop Grumman Corporation
9.10. Parrot Sa
9.11. Saab Ab
9.12. Sz Dji Technology Co Ltd
9.13. Textron Inc.
9.14. Thales Group
9.15. The Boeing Company
9.16. Aeryon Labs
9.17. ZALA Aero
9.18. Mikoyan
9.19. CybAero
9.20. IAI Searcher
9.21. Al Fajer L-10
Unmanned Aerial Vehicle (UAV) Market, By Type
Unmanned Aerial Vehicle (UAV) Market, By Application
Unmanned Aerial Vehicle (UAV) Market, By Weight
Unmanned Aerial Vehicle (UAV) Market, By Company