BESTSELLER

Unmanned Aerial Vehicles Market - Growth, Trends, and Forecast (2019 - 2024)

The Unmanned Aerial Vehicles Market is segmented by UAV Size (Small UAV, Medium UAV, and Large UAV), Application (Military and Civil and Commercial), and Geography.

Market Snapshot

uav market
Study Period:

2016-2024

Base Year:

2018

Fastest Growing Market:

North America

Largest Market:

Asia Pacific

Key Players:

80% of our clients seek made-to-order reports. How do you want us to tailor yours?

Unmanned Aerial Vehicles Market

The unmanned aerial vehicles (UAV) market (henceforth, referred to as the market studied) is anticipated to register a CAGR of more than 10%, during the forecast period (2019 - 2024).

  • Growing applications of UAVs for various commercial purposes, like remote sensing, photo and videography, oil, gas, and mineral exploration, disaster relief, recreational uses, and other purposes, are driving the growth of the market studied.
  • UAVs are now being largely used in performing ISR missions, the target recognition, and electronic warfare. Defense ministries around the world are investing in this capability, to reduce troop casualties, and as they are a less costly alternative to manned aircraft.
  • However, the strict airspace regulations across major countries of the world, especially the United States, where FAA pioneered in setting regulations for commercial use of drones in the region, may hamper the growth of the market studied.

Scope of the Report

UAVs are pilotless aircraft, either controlled by remote control by a human operator, or autonomously by onboard computers, and uses aerodynamic forces to navigate and perform desired functions. The report on unmanned aerial vehicle (UAV) market covers the usage of UAVs in the commercial, civil, and military applications. Moreover, the UAV market has been segmented based on the size of the UAVs. Small UAV are group 1 UAVs, which have a maximum gross takeoff weight (MGTW) of about 0 - 20 lbs. Medium UAV comes under group 2 UAVs, which have an MGTW of about 21 - 55 lbs. UAVs classified under group 3,4, and 5 are known as large UAVs. The large group of UAV has an MGTW of more than 55 lbs.

UAV Size
Small UAV
Medium UAV
Large UAV
Application
Military
Civil and Commercial
Geography
North America
United States
Canada
Mexico
Europe
United Kingdom
Germany
France
Italy
Rest of Europe
Asia-Pacific
China
India
Japan
Rest of Asia-Pacific
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
United Arab Emirates
South Africa
Saudi Arabia
Rest of Middle East & Africa

Report scope can be customized per your requirements. Click here.

Key Market Trends

Military Segment is Expected to Dominate the UAV Market During the Forecast Period

Since earlier times, UAVs have been considered to be the major source of collecting intelligence through reconnaissance, as well as surveillance. Owing to the capabilities possessed by the UAVs to reduce the risk of loss of human life, UAVs have gained significant traction among various government worldwide in the last 10 years. Various countries are facing difficulties to reach borders (covered with mountains), such as the Indo-China border, to collect intelligence, which is why drones with advanced ISR capabilities are used to collect data from that region. The deployment of a new vertical take-off and landing fixed-wing drone on a missile guided destroyer by China in 2019 may lead to the done performing reconnaissance and search missions with long range for frigates and destroyers. Thus, the aforementioned advancements may lead to high growth of drones in the military segment. 
 
uav market

To understand key trends, Download Sample Report

Asia-Pacific is Expected to Experience the Fastest Growth in the UAV Market During the Forecast Period

Currently, North America holds the major share in the UAV market, globally. This is primarily due to the increasing use of unmanned aerial vehicles, both for commercial and military applications. The United States is a proven global leader in producing advanced unmanned systems, and a specialist in manufacturing UAVs with intelligence, surveillance, and reconnaissance (ISR) capabilities to combat warfare. However, Asia-Pacific is expected to register the highest CAGR, during the forecast period, due to the growing popularity of UAVs in the Asia-Pacific region, as well as increasing technological developments of drones in the region and changes in regulations. The procurement of UAVs in the region is steadily growing, thereby driving the growth of the UAV market in Asia-Pacific.

uav market

To understand geography trends, Download Sample Report

Competitive Landscape

The Boeing Company, Northrop Grumman, Israel Aerospace Industries, Elbit Systems, and General Atomics are some of the prominent players in the military segment of the market studied, while the commercial UAV segment is dominated by companies, such as DJI and Parrot Drones SA, which have a large share in the small UAV segment of the market studied. Increasing military procurements of HALE, MALE, and tactical UAVs may help the military drone manufacturers to further increase their market share to a huge extent, as compared to small commercial UAV manufactures.

Major Players

  1. DJI
  2. The Boeing Company
  3. Elbit Systems Ltd
  4. Israel Aerospace Industries Ltd
  5. General Atomics

* Complete list of players covered available in the table of contents below

uav market

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

    3. 4.3 Market Restraints

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 UAV Size

      1. 5.1.1 Small UAV

      2. 5.1.2 Medium UAV

      3. 5.1.3 Large UAV

    2. 5.2 Application

      1. 5.2.1 Military

      2. 5.2.2 Civil and Commercial

    3. 5.3 Geography

      1. 5.3.1 North America

        1. 5.3.1.1 United States

        2. 5.3.1.2 Canada

        3. 5.3.1.3 Mexico

      2. 5.3.2 Europe

        1. 5.3.2.1 United Kingdom

        2. 5.3.2.2 Germany

        3. 5.3.2.3 France

        4. 5.3.2.4 Italy

        5. 5.3.2.5 Rest of Europe

      3. 5.3.3 Asia-Pacific

        1. 5.3.3.1 China

        2. 5.3.3.2 India

        3. 5.3.3.3 Japan

        4. 5.3.3.4 Rest of Asia-Pacific

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Rest of South America

      5. 5.3.5 Middle East & Africa

        1. 5.3.5.1 United Arab Emirates

        2. 5.3.5.2 South Africa

        3. 5.3.5.3 Saudi Arabia

        4. 5.3.5.4 Rest of Middle East & Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Vendor Market Share

    2. 6.2 Company Profiles

      1. 6.2.1 DJI

      2. 6.2.2 Aerovironment Inc.

      3. 6.2.3 BAE Systems

      4. 6.2.4 Northrop Grumman Corporation

      5. 6.2.5 Elbit Systems Ltd

      6. 6.2.6 General Atomics

      7. 6.2.7 Parrot Drones SA

      8. 6.2.8 Israel Aerospace Industries Ltd

      9. 6.2.9 Thales SA

      10. 6.2.10 Airbus SE

      11. 6.2.11 Microdrones GmbH

      12. 6.2.12 The Boeing Company*

    3. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

80% of our clients seek made-to-order reports. How do you want us to tailor yours?

Please Enter a Valid Message!


Complete your payment details below

Shipping & Billing Information

Payment Information