Growing demand of unmanned aerial vehicles in commercial, civil and military sectors applications is believed to be one of the most crucial factors anticipated to drive the market growth. Owing to the development of sense, improving technology, and upgrading the flight control systems are expected to lift the growth of the UAV market.
The Unmanned Aerial Vehicles market is expected to grow at a CAGR of 14.6% to reach USD 77.69 Billion in 2030.
.jpg "The Global Unmanned Aerial Vehicles Market 2020-2030 (USD Billion)")
Looping onto the geographical area, the Asia Pacific region is estimated to project the market growth at the highest CAGR during the forecast period. This major growth of the UAV market can be attributed to the increasing demand for UAVs from the commercial and military sectors of countries such as Japan, China, and India. These countries holds a healthy military budget on an annual basis, which has resulted to led to the adoption of military UAVs assisting in the collection of genuine data.
The Unmanned Aerial Vehicle market has been segmented on the basis of type, application, class, system mode, and range, point of sale, MTOW, and region. Based on the type, the market is categorized by fixed-wing UAVs, Multirotor UAVs, Single Rotor UAVs, and Hybrid VTOL UAVs. Furthermore, on the basis of applications the market is classified into Military, Civil & Commercial, Homeland security, and consumer. Whereas, based on the class the market is divided into Small UAVs, tactical UAVs, strategic UAVs, and special UAVs. On the basis of system the market is fragmented into UAV Airframe, UAV Composites, UAV Avionics, UAV Propulsion, UAV Software, UAV CBRN Sensors, UAV Intelligence, and UAV Radar.
However, on the basis of mode of operations the market holds a combination of remotely operated UAVs, Semi-Autonomous UAVs, and Fully-Autonomous UAVs. Based on the range, the market is integrated into Visual Line of Sight (VLOS), Extended Visual Line of Sight (EVLOS), and Beyond Line of Sight (BLOS). On the basis of point of sale, the market holds a contribution of OEM, and Aftermarket. Alongside on the basis of MTWO which is segmented into <25 Kilogram, 25-150 Kilograms, and >150, the unmanned aerial vehicle (uav) market is also widely range across the globe in North America, Europe, Asia Pacific, Middle East, Latin America, and Africa.
Leading players of the global UAV market include Northrop Grumman (US), Aeryon Labs (Canada), Parrot (France), DJI (China), Textron (US), Boeing (US), General Atomics (US), and 3D Robotics (US).
Unmanned Aerial Vehicles Market Scope
| Metrics | Details |
| Base Year | 2023 |
| Historic Data | 2018-2022 |
| Forecast Period | 2024-2030 |
| Study Period | 2018-2030 |
| Forecast Unit | Value (USD) |
| Revenue forecast in 2030 | USD 77.69 Billion |
| Growth Rate | CAGR of 14.6 % during 2020-2030 |
| Segment Covered | By Point of Sale, By Systems, Region |
| Regions Covered | North America, Europe, Asia Pacific, South America, Middle East and Africa |
| Key Players Profiled | General Atomics Aeronautical Systems Inc., Northrop Grumman Corporation, Israel Aerospace Industries Ltd., Elbit Systems Ltd., Parrot, SZ DJI Technology Co. Ltd., Others |
Key Segmentation of the Global Unmanned Aerial Vehicles Market
UAV Market, By UAV Type
- Fixed-Wing UAVs
- Multirotor UAVs
- Single Rotor UAVs
- Hybrid VTOL UAVs
UAV Market, By Application
- Military
- Civil & Commercial
- Homeland Security
- Consumer
UAV Market, By Class
- Small UAVs
- Tactical UAVs
- Strategic UAVs
- Special Purpose UAVs
UAV Market, By System
-
- UAV Airframe, By Material Type
- UAV Avionics
- UAV Propulsion Systems, By Component
- UAV Software
- UAV Cameras, By Type
- UAV CBRN Sensors
- UAV Intelligence Payloads, By Type
- UAV Radar, By Type
- UAV LiDAR
- UAV Gimbals
- Others
UAV Market, By Mode of Operation
- Remotely Operated UAVs
- Semi-Autonomous UAVs
- Fully-Autonomous UAVs
UAV Market, By Range
- Visual Line of Sight (VLOS)
- Extended Visual Line of Sight (EVLOS)
- Beyond Line of Sight (BLOS)
UAV Market, By Point of Sale
- OEM
- Aftermarket
UAV Market, By MTOW
- <25 Kilograms
- 25-150 Kilograms
- >150 Kilograms
UAV Market, By Region
- North America
- Europe
- Asia Pacific
- Middle East
- Latin America
- Africa
Frequently Asked Questions (FAQ) :
Adroit Market Research has segmented the unmanned aerial vehicles market by Type, application, class, system, operation, range, point of sale, MTOW and Region.
The major players are Northrop Grumman (US), Aeryon Labs (Canada), Parrot (France), DJI (China), Textron (US), Boeing (US), General Atomics (US), and 3D Robotics (US).