Unmanned Aerial Vehicle (UAV) Market Estimated To Experience A Hike In Growth By 2024

The Global Unmanned Aerial Vehicles (UAV) Market is estimated to reach USD 36.2 Billion in 2024 at a CAGR of 14.69%. Increase use of UAVs in commercial & civil application, Preference of UAVs in critical military missions, and increased usage in search and rescue operation and less expensive as compared to manned aircrafts is expected to drive the UAV market during the forecast period. However, strict regulations governing the commercial usage of drones in major countries is expected to restrain the market during the forecast period. Boost in defense budget of major economies, potential usage as a cargo delivery method and can be accessed by a wide range of end-users is expected to become an opportunity for UAV market.

Unmanned aerial vehicles (UAV) is an air bone system or an aircraft operated remotely by a human operator or autonomously based on pre-programmed flight plans. UAVs can be controlled by on-board electronic equipment’s or via control equipment from the ground. UAVs are used for observation and tactical planning. Some key players in UAV are 3D Robotics, Inc., AeroVironment, Inc., Airbus S.A.S., BAE Systems. and DJI among others.

Unmanned Aerial Vehicles (UAV) Market Report Synopsis

This market research report offers a comprehensive analysis of key market trends in the global UAV market. It includes detailed discussion on historical market trends, current market dynamics, consumer landscape, growth opportunities and challenges backed by factful feedbacks. Based on components, the UAV market can be segmented into UAV LiDAR, UAV gimbals, UAV radar, UAV data links, UAV ground control stations, UAV launch & recovery systems, UAV sensors and others. The segmentation by type includes fixed-wing, multi–rotor, single-rotor helicopter and fixed-wing hybrid VTOL. The segmentation by range includes very close range UAVs, close range UAVs, short range UAVs, mid-range UAVs and endurance UAVs. The segmentation by end-user includes agriculture, construction, defence & security, transportation and warehousing, energy, mining, oil & gas extraction, media & entertainment, wildlife & forestry and others. The regional analysis is covered under five major regions such as North America, South America, Europe, Asia-Pacific, Middle East & Africa and South America, with individual country-level analysis.

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Unmanned Aerial Vehicles (UAV) Market Report Scope

The report on the UAV market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.

Companies Covered

• 3D Robotics, Inc. (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)
• AeroVironment, Inc.
• Airbus S.A.S.
• BAE Systems.
• DJI
• ECA GROUP
• EHANG
• Elbit Systems Ltd.,
• FLIR Systems, Inc.
• General Atomics.
• Other Key Companies

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