Unmanned Aerial Vehicle (UAV) Market Size is Projected to Hit US$ 53 Billion by 2030

Precedence Research recently published a report titled “Unmanned Aerial Vehicle (UAV) Market – Global Industry Analysis, Trends, Regional Outlook, and Forecast 2021 – 2030”

The global unmanned aerial vehicle (UAV) market size is projected to hit USD 53 billion by 2030 and is anticipated to grow with a healthy CAGR of 14% over the forecast period 2021-2030.

The report contains 150+ pages with detailed analysis. The base year for the study has been considered 2021, the historic year 2017 to 2020, the forecast period considered is from 2021 to 2030.

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Market Scope:

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.

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.

Competitive Intelligence

The unmanned aerial vehicle (UAV) market report provides an understanding of the market composition and explains the role of established players and regional contributors. It is essential for the market players to make calculative moves and focus on client acquisition and retention. The detailed company profiles will provide the necessary intelligence to the reader. In order to maintain their share, the market players are focusing on strategies such as cross-border expansion, product differentiation, and so on.

Some of the key players in the global unmanned aerial vehicle (UAV) market are 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

• Tactical UAVs
• Small UAVs
• Strategic UAVs

By Technology

• Fully-autonomous
• Semi-autonomous
• Remotely Operated

By System

• UAV Payloads
• UAV Airframe
• UAV Avionics
• UAV Software
• UAV Propulsion

By Application

• Commercial
• Military
• Recreational

By Regional Outlook

• North America
  • US
  • Rest of North America
• Europe
  • UK
  • Germany
  • France
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Rest of Latin America
• Middle East & Africa (MEA)
  • GCC
  • North Africa
  • South Africa
  • Rest of the Middle East & Africa

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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