Unmanned Aerial Vehicle Market Revenue, Product Launches, Regional Share Analysis & Forecast Till 2030

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Increasing commercial drones application is one of the key factors driving market revenue growth

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.

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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)

Small UAV

Tactical and Strategic UAV

Special Purpose UAV

Point of Sale Outlook (Revenue, USD Billion; 2019–2030)

Aftermarket

OEM

Technology Outlook (Revenue, USD Billion; 2019–2030)

Remotely Piloted

Optionally Piloted

Fully Autonomous

System Outlook (Revenue, USD Billion; 2019–2030)

UAV Airframe

UAV Avionics

UAV Payloads

UAV Propulsion

UAV Software

Wing Type Outlook (Revenue, USD Billion; 2019–2030)

Fixed Wing

Rotary Wing

Application Outlook (Revenue, USD Billion; 2019–2030)

Transportation and Warehouse

Surveying and Mapping

Search and Rescue

Firefighting

Intelligence, Surveillance, and Reconnaissance (ISR)

Combat Support

End-Use Outlook (Revenue, USD Billion; 2019–2030)

Military and Defense

Government and Law Enforcement

Commercial

Consumer

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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.

Regional Segmentation

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.

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