Market Size of Asia-Pacific Unmanned Systems Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 8.00 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
APAC Unmanned Systems Market Analysis
The Asian-Pacific unmanned systems market is expected to register a CAGR of more than 8% during the forecast period (2022-2027).
The military sector of the unmanned systems market was unaffected due to the impact of the COVID-19 pandemic, as the investments into the development and deployment of unmanned systems remained unaffected. In the commercial sector, the number of applications in which unmanned systems are deployed increased even during the pandemic, driving the market demand.
The ongoing border issues and geopolitical tensions between the neighboring countries in the Asian-Pacific region have led to a rapid increase in military spending for the region. The increasing spending has led to investments in developing and introducing advanced unmanned systems fleet. This is expected to propel the market growth during the forecast period.
With the changing regulations for unmanned aerial vehicles in the countries, various companies are introducing and expanding their new drone services. This is expected to generate demand for the procurement of new UAVs in the future.
The growing emphasis on indigenous manufacturing in countries like China, India, and South Korea, among others, has led to an increasing share of local players with their significant investments in introducing new unmanned systems.
