The unmanned aerial vehicle market size reached USD 23.60 Billion in 2021 and is expected to register a revenue CAGR of 14.6 % during the forecast period, according to the latest analysis by Emergen Research. Increasing commercial drones application is one of the key factors for driving the market revenue growth. Several industries have authorized the usage of drones to acquire significant amount of data to make the necessary business choices. It has become a rapidly increasing commercial market, with several uses such as construction, mining, oil gas, and agriculture across the world. The construction sector is projected to provide a significant opportunity for market growth owing to the substantial commercial usage of mapping, observation, surveying, and inspection studies. Significant infrastructure construction projects require factual data to comprehend the ground reality and potential issues in the future. The construction industry is witnessing rapid adoption of drones of all forms and sizes. It is assisting various engineers and specialists in making wiser business decisions by mapping millions of Landsat images and information. The increasing implementation in commercial civil applications is expected to drive the market growth during the forecast period.
The research study includes the latest updates about the COVID-19 impact on the Unmanned Aerial Vehicle sector. The coronavirus outbreak has drastically impacted the global economic landscape. The report thus entails a complete dissection of the current scenario of this ever-evolving business sector and estimates the aftereffects of the pandemic on the industry.
Get a sample of the report @ https://www.emergenresearch.com/request-sample/394
Key players profiled in the Unmanned Aerial Vehicle Market
The report covers in-depth profiling of the prominent players of the industry and includes Northrop Grumman Corporation and SZ DJI Technology Co. Ltd, AeroVironment, Inc., Elbit Systems Ltd., Lockheed Martin Corporation., BAE Systems PLC., Airbus SE, Textron Inc., Teledyne FLIR LLC, and Saab AB.Furthermore, it offers a detailed analysis of the competitive landscape of the market with massive data on recent trends, technological developments, product advancements, methodologies, and strategic business decisions such as mergers and acquisitions, joint ventures, collaborations, and product launches, among others.
Unmanned Aerial Vehicle Market Segmentation by Type and Apllications
Emergen Research has segmented Unmanned Aerial Vehicle market based on product, point of sale, technology, system, wing type, application, end-use, and region:
Product Outlook (Revenue, USD Billion; 2019–2030)
Tactical and Strategic UAV
Special Purpose UAV
Point of Sale Outlook (Revenue, USD Billion; 2019–2030)
Technology Outlook (Revenue, USD Billion; 2019–2030)
System Outlook (Revenue, USD Billion; 2019–2030)
Wing Type Outlook (Revenue, USD Billion; 2019–2030)
Application Outlook (Revenue, USD Billion; 2019–2030)
Transportation and Warehouse
Surveying and Mapping
Search and Rescue
Intelligence, Surveillance, and Reconnaissance (ISR)
End-Use Outlook (Revenue, USD Billion; 2019–2030)
Military and Defense
Government and Law Enforcement
Request a discount on the report @ https://www.emergenresearch.com/request-discount/394
Key Highlights from the Unmanned Aerial Vehicle Market
OEM segment is expected to lead in terms of revenue contribution to the global market over the forecast period owing to the majority of the manufacturing and changes required in UAVs being performed at the OEM level.
Commercial segment revenue is expected to expand rapidly in terms of revenue during the forecast period because it can be related to drone technology breakthroughs and developments.
Asia Pacific is expected to register a considerably rapid growth rate in global Unmanned Aerial Vehicle market over the forecast period owing to increasing commercial usage of drones in the countries in the region.
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
In conclusion, the report provides a qualitative and quantitative analysis of the Global Unmanned Aerial Vehicle market, including the global and regional analysis of the market. The study covers critical information and factual data about the Unmanned Aerial Vehicle market industry, along with an in-depth statistical analysis of the market drivers, limitations, growth prospects, opportunities, and threats. On the basis of the current market scope, the report provides an extensive analysis of how the Unmanned Aerial Vehicle market is expected to fare in the forecast timeline. The report utilizes advanced analytical tools to offer an estimation of the outlook of the global state of the Unmanned Aerial Vehicle market industry.
Request customization of the report @ https://www.emergenresearch.com/request-for-customization/394
Thank you for reading the report. The report can be customized as per the requirements of the clients. For further information or query about customization, please reach out to us, and we will offer you the report best suited for your needs.
Take a Look at our Related Reports:
Masterbatch Market https://www.digitaljournal.com/pr/masterbatch-market-size-is-expected-to-reach-usd-16-31-billion-in-2028-and-register-a-revenue-cagr-of-4-8-by-2021-2028-latest-analysis-by-emergen-research
Cancer Immunotherapy Market https://www.digitaljournal.com/pr/cancer-immunotherapy-market-to-hit-153-03-billion-by-2027-emergen-research
Green Technology and Sustainability Market https://www.digitaljournal.com/pr/green-technology-and-sustainability-market-generating-revenue-of-usd-68-22-billion-by-2028-emergen-research
Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
Corporate Sales Specialist
Emergen Research | Web: www.emergenresearch.com
Direct Line: +1 (604) 757-9756
Visit for More Insights: https://www.emergenresearch.com/insights