Global Unmanned Aerial Vehicle Market – Industry Trends and Forecast to 2028

Market Analysis and Insights : Global Unmanned Aerial Vehicle Market

The unmanned aerial vehicle market is expected to witness market growth at a rate of 30.76% in the forecast period of 2021 to 2028. Data Bridge Market Research report on unmanned aerial vehicle market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth.

An Unmanned Aerial Vehicle (UAV) is an aircraft or an airborne designed structure that is operated remotely by a human operator or autonomously by an onboard computer. Various industries are presently exploring the utilization of UAVs (UAVs) for commercial and military purposes. UAVs with cameras are being deployed to inspect oil rigs, monitor agriculture fields and mines, and check on telecom towers. Recently, the current generation industrial UAVs are being used to deliver packages, or support search and rescue missions. An industrial UAV is an important tool, consistent with data gathering properties and almost unlimited movability. Few of the major factors boosting in the growth of the unmanned aerial vehicle market growing of the military expenditure of various countries and increasing acceptance of unmanned aerial vehicle in commercial section. Moreover, the lack of definitive legal administrations is one the major hindering factors behind the growth of unmanned aerial vehicle market during the forecast period. The growing of the acceptance of unmanned aerial vehicle amongst various industries for example mining, oil and gas, telecommunications and retail coupled with others is estimated to positively impact the growth of the unmanned aerial vehicle market. It is anticipated that the growing adoption of UAVs by various industries such as mining, oil and gas, telecommunications, and retail, among others, would fuel the growth of UAV market size. The drone delivery service's growing trend is expected to propel the demand over the forecast period. The increasing of the acquirement of military unmanned aerial vehicles by defense forces is one of the most considerable factors anticipated to propel the growth of the unmanned aerial vehicle market during the forecast period. Expansive drones are utilized in the peacekeeping missions are further propelling the growth of the global unmanned aerial vehicle market demand during the forecast period. Additionally, the growing trend of the drone delivery service is expected to cushion the growth of the unmanned aerial vehicle market in the above mentioned forecast period. The downfall in following of the law leads to civil penalties. Ethical issues regarding to the unmanned aerial vehicles utilization offers stiff challenges to the market.

This unmanned aerial vehicle market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on unmanned aerial vehicle market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Unmanned Aerial Vehicle Market Scope and Market Size

The unmanned aerial vehicle market is segmented on the basis of type, component and application. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets. 

• Based on type, unmanned aerial vehicle market is segmented into fixed wing and multi rotor.
• Based on component, unmanned aerial vehicle market is segmented into airframe, payload, guidance navigation and control and propulsion system.
• Based on application, unmanned aerial vehicle market is segmented into military UAVs and commercial UAVs.

Unmanned Aerial Vehicle Market Country Level Analysis

The unmanned aerial vehicle market is analysed and market size, volume information is provided by country, type, component and application as referenced above.

The countries covered in the unmanned aerial vehicle market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, China, Japan, India,, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC)  in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).

North America dominates the unmanned aerial vehicle market because the increasing of territorial issues, insurrection, and consecutive need for unmanned systems for operating ISR missions, objective acceptance, damage assessment, and related missions. The UAVs are being profitably expansion in combat applications in unsettled regions. Moreover, the increasing acceptance of UAVs for commercial functions is also boosting the growth of the unmanned aerial vehicle market in the region. Asia-Pacific is observed to show noticeable amount of the growth because of the extension in item implementations in commercial regions, mainly in the areas of filmmaking are of the factors anticipated the growth of the unmanned aerial vehicle market in the region.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Competitive Landscape and Unmanned Aerial Vehicle Market Share Analysis

The unmanned aerial vehicle market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to unmanned aerial vehicle market.

The major players covered in the unmanned aerial vehicle market report are Parrot Drone SAS.; Northrop Grumman.; IAI; 3D Robotics Inc., Aerovironment, Inc., BAE Systems., Elbit Systems Ltd., General Atomics, Lockheed Martin Corporation, Northrop Grumman Corporation, Parrot Drones SAS, Saab AB, Textron Inc., Thales Group, Boeing. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.

SKU-34106