Unmanned Aerial Vehicles (UAV) Market: Summary
The global unmanned aerial vehicles (UAV) market is estimated to reach USD 36.2 Billion in 2024 at a CAGR of 14.69%. Increase use of UAV’s in commercial & civil application, Preference of UAV’s in critical military missions, and increased usage in search and rescue operation and less expensive as compared to manned aircraft is expected to drive the unmanned aerial vehicles (UAV) market during the forecast period. However, strict regulations governing the commercial usage of drones in major countries is expected to restrain the market during the forecast period. Boost in defense budget of major economies, potential usage as a cargo delivery method and can be accessed by a wide range of end-users is expected to become an opportunity for unmanned aerial vehicles (UAV) market.
Unmanned aerial vehicles (UAV) is an airbone system or an aircraft operated remotely by an human operator or autonomously based on pre-programmed flight plans. UAVs can be controlled by onboard electronic equipments or via control equipment from the ground. UAVs are used for observation and tactical planning. Some key players in UAV are 3D Robotics, Inc., AeroVironment, Inc., Airbus S.A.S., BAE Systems. and DJI among others.
Unmanned Aerial Vehicles (UAV) Market: Report Synopsis
This market research report offers a comprehensive analysis of key market trends in the global unmanned aerial vehicles (UAV) market. It includes detailed discussion on historical market trends, current market dynamics, consumer landscape, growth opportunities and challenges backed by factful feedbacks. Based on components, the unmanned aerial vehicles (UAV) market can be segmented into UAV LiDAR, UAV gimbals, UAV radar, UAV data links, UAV ground control stations, UAV launch & recovery systems, UAV sensors and others. The segmentation by type includes fixed-wing, multi–rotor, single-rotor helicopter and fixed-wing hybrid VTOL. The segmentation by range includes very close range UAVs, close range UAVs, short range UAVs, mid-range UAVs and endurance UAVs. The segmentation by end user includes agriculture, construction, defense & security, transportation and warehousing, energy, mining, oil & gas extraction, media & entertainment, wildlife & forestry and others. The regional analysis is covered under five major regions such as North America, South America, Europe, Asia-Pacific, Middle East & Africa and South America, with individual country-level analysis.
Unmanned Aerial Vehicles (UAV) Market: Report Scope
The report on the unmanned aerial vehicles (UAV) market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.
Historical/Estimated/Forecasted Market Size Years
Base Year for Market Calculation
2019-2024 (2019 estimated year, forecasted up to 2024)
Value (USD Million) Volume (Units)
Components, Type, Range End User and Region
Asia-Pacific, North America, Europe, South America, Middle East & Africa and South America
- 3D Robotics, Inc. (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)
- AeroVironment, Inc.
- Airbus S.A.S.
- BAE Systems.
- ECA GROUP
- Elbit Systems Ltd.,
- FLIR Systems, Inc.
- General Atomics.
- Other Key Companies
Unmanned Aerial Vehicles (UAV) Market: Report Segmentation
For the scope of report, In-depth segmentation is offered by Forencis Research
Unmanned Aerial Vehicles (UAV) Market by Components
- UAV LiDAR
- UAV Gimbals
- UAV Radar
- UAV Data Links
- UAV Ground Control Stations
- UAV Launch & Recovery Systems
- UAV Sensors
Unmanned Aerial Vehicles (UAV) Market, by Type
- Single-Rotor Helicopter
- Fixed-Wing Hybrid VTOL
Unmanned Aerial Vehicles (UAV) Market, by Range
- Very Close Range UAVs
- Close Range UAVs
- Short Range UAVs
- Mid-Range UAVs
- Endurance UAVs
Unmanned Aerial Vehicles (UAV) Market, by End User Industry
- Defense & Security
- Transportation and Warehousing
- Mining, Oil & Gas Extraction
- Media & Entertainment
- Wildlife & Forestry
Unmanned Aerial Vehicles (UAV) Market, by Region
- South Korea
- Rest of Asia-Pacific
- North America
- Rest of Europe
- Middle East
- Saudi Arabia
- Rest of Middle East
- South America
- South Africa
- Rest of South America
Key Questions answered by the report
- What are the major developments impacting the UAV market and its growth?
- What will be the effects of the developments in the UAV market on the industry and on the market players in the near and far future?
- What are the evolving types of the UAV market?
- What are the evolving applications of UAV market?
- What are the major characteristics that will affect the UAV market growth during the study period?
- Who are the key players operating in the UAV market?
- How are the major players leveraging in the existing market conditions?
- UAV Market Providers
- UAV Market Solution and Services Suppliers, Distributors and Dealers
- End-Users of Varied Segments of UAV Market
- Government Bodies and Intellectual Institutions
- Associations and Industrial Organizations
- Research & Consulting Service Providers
- Research & Development Organizations
- Investment Banks & Private Equity Firms
60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE UNMANNED AERIAL VEHICLES (UAV) MARKET STUDY
1.1 Research Objectives
1.2 Market Definition
1.3 Research Scope
1.4 Regional Coverage
1.5 Research Timeline
2 RESEARCH DESIGN & SCOPE
2.2 Primary Research
2.2.1 Key Industry Expert Insight
2.3 Secondary Research
2.3.1 Vital Data from Secondary Sources
2.4 Market Size Estimation
2.5 Data Validation & Triangulation
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.2.1. Increase Use of UAVs in Commercial & Civil Application
4.2.2. Preference of UAVs in Critical Military Missions
4.2.3. Increased Usage in Search and Rescue Operation
4.2.4. Less Expensive as Compared to Manned Aircrafts
4.3.1 Strict Regulations Governing the Commercial Usage of Drones in Major Countries
4.4.1 Boost in Defense Budget of Major Economies
4.4.2 Potential Usage as a Cargo Delivery Method
4.4.3 Can Be Accessed by A Wide Range of End-Users
4.5.1 Destructive Weather Conditions
4.5.2 Risk Included for Safety and Violation of Privacy
5 INDUSTRY TRENDS – PORTERS FIVE FORCES ANALYSIS
5.1.1. Power of Buyers
5.1.2. Power of Suppliers
5.1.3. Intensity of Competition
5.1.4. Challenges of Substitutes
5.1.5. Challenges of New Entrants
5.2 Macro-Economic Indicators
6 UNMANNED AERIAL VEHICLE (UAV) MARKET BY COMPONENTS, Market Size in USD Million and Units (2017—2024)
6.2 UAV LiDAR
6.3 UAV Gimbals
6.4 UAV Radar
6.5 UAV Data Links
6.6 UAV Ground Control Stations
6.7 UAV Launch & Recovery Systems
6.8 UAV Sensors
7 UNMANNED AERIAL VEHICLE (UAV) MARKET BY TYPE, Market Size in USD Million and Units (2017—2024)
7.4 Single-Rotor Helicopter
7.5 Fixed-Wing Hybrid VTOL
8 UNMANNED AERIAL VEHICLE (UAV) MARKET BY RANGE, Market Size in USD Million and Units (2017—2024)
8.2 Very Close Range UAVs
8.3 Close Range UAVs
8.4 Short Range UAVs
8.5 Mid-Range UAVs
8.6 Endurance UAVs
9 UNMANNED AERIAL VEHICLE (UAV) MARKET BY END USER INDUSTRY, Market Size in USD Million and Units (2017—2024)
9.4 Defense & Security
9.5 Transportation and Warehousing
9.7 Mining, Oil & Gas Extraction
9.8 Media & Entertainment
9.9 Wildlife & Forestry
10 UNMANNED AERIAL VEHICLE (UAV) MARKET BY REGION, Market Size in USD Million and Units (2017—2024)
10.1 North America
10.2.6 Rest of Europe
10.3.4 South Korea
10.3.6 Rest of Asia-Pacific
10.4 Middle East
10.4.1 Saudi Arabia
10.4.3 Rest of Middle East
10.5 South America
10.5.2 South Africa
10.5.3 Rest of South America
11 COMPETITIVE LANDSCAPE
11.2 Market Ranking/Share Analysis of Key Companies
11.3 Company Benchmarking
12 COMPANY PROFILES
12.1 3D Robotics, Inc.
12.1.1 Company Overview
12.1.2 Financial Overview
12.1.3 Products/Solutions/Services Offered
12.1.4 Key Developments
12.1.5 SWOT Analysis
12.2 AeroVironment, Inc.
12.3 Airbus S.A.S.
12.4 BAE Systems.
12.6 ECA GROUP
12.8 Elbit Systems Ltd.,
12.9 FLIR Systems, Inc.
12.10 General Atomics.
13.1 Key Industry Expert Insights
13.2 Primary Discussion Guide
13.3 Customization Options
Note1: Tentative table of contents, may get updated during the course of research.
Note2: Company financial information is subject to availability in public domain
60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE STUDY