Market Size of Unmanned Systems Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 15.10 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Unmanned Systems Market Analysis
The unmanned systems market was valued at USD 15.31 billion in 2022 and is anticipated to register a CAGR of 15.1% during the forecast period.
- The COVID-19 pandemic positively impacted market growth due to the increased demand for unmanned systems for various commercial and military applications. An increase in global defense expenditure and increased focus on strengthening defense forces drive the market's growth. The defense sector witnessed steady growth during the pandemic as the countries continuously invested in the procurement of advanced unmanned systems due to growing warfare situations and cross-border conflicts among neighboring countries.
- Similarly, increasing the use of unmanned systems for combat and intelligence, surveillance, and reconnaissance (ISR) missions drives the market's growth. Defense forces are highly invested in developing and procuring unmanned systems over manned systems as it reduces the risks of soldier casualties and enhances accuracy during combat operations.
- The growing use of unmanned systems in the commercial sectors, like unmanned ground vehicles (UGVs) in firefighting and agriculture, unmanned sea vehicles (USVs) for underwater sea exploration and marine research, and unmanned aerial vehicles (UAVs) for disaster relief, recreational uses, and photo and videography is expected to boost the growth of the market during the forecast period.
- The introduction of next-generation technologies, like artificial intelligence (AI) and the Internet of Things (IoT), in the UAVs, UGVs, and USVs will create higher demand for autonomous systems in the coming years.
