Unmanned Aerial Vehicle Market, By Type, By Load Capacity, By Application, By Geography

Description

The unmanned aerial vehicle market is estimated to be valued at US$ 28.43 Billion in 2024 and is expected to reach US$ 56.81 Billion by 2031, growing at a compound annual growth rate (CAGR) of 10.4% from 2024 to 2031.

Figure 1. Unmanned Aerial Vehicle Market Share (%), By Region, 2024

Unmanned aerial vehicles (UAVs), commonly known as drones, are aircraft without a human pilot aboard. They are typically controlled autonomously by computers in the aircraft or through manual control on the ground by an operator. In recent years, civilian and commercial use of drones has surged as technological advancements have made drones smaller, more portable, and more intelligent. They are used for various applications like crop monitoring, survey and mapping, product delivery, aerial photography, and others. The global UAV market is expected to witness significant growth over the coming years due to declining prices of drones, implementation of favorable regulations, and increasing industrial applications of commercial drones.

Market Dynamics:

The unmanned aerial vehicle market is driven by factors such as declining production costs of drones, favorable regulatory frameworks, and growing adoption across industries for applications such as inspection, surveillance, and product delivery. Lower manufacturing costs as a result of advancements in technologies like battery and chipsets are supporting the adoption of drones. Additionally, regulatory bodies globally are introducing regulations to facilitate the commercial use of drones, which is creating growth opportunities. However, safety and privacy concerns related to drones and lack of regulatory frameworks in some countries are challenging the market growth. Moreover, lack of skilled pilots and technical difficulties associated with Beyond Visual Line of Sight (BVLOS) operations pose restrictions. The market also has opportunities in the form of emerging applications in industries like logistics, energy, and utilities.

Key Features of the Study:

This report provides an in-depth analysis of the global unmanned aerial vehicle market, and provides market size (US$ Billion) and compound annual growth rate (CAGR %) for the forecast period (2024-2031), considering 2023 as the base year.
It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market.
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players.
It profiles key players in the global unmanned aerial vehicle market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies.
Key companies covered as a part of this study include AeroVironment, Inc., Airbus SE, BAE Systems plc, Boeing Company, China Aerospace Science and Technology Corporation (CASC), DJI, Elbit Systems Ltd., General Atomics Aeronautical Systems, Inc. (GA-ASI), Israel Aerospace Industries Ltd. (IAI), Kratos Defense & Security Solutions, Inc., Lockheed Martin Corporation, Northrop Grumman Corporation, Parrot Drones SAS, Raytheon Company, Textron Inc., Thales Group, Turkish Aerospace Industries, Inc. (TAI), UAV Factory, Yuneec International, and Zipline International Inc. are the major players.
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
The global unmanned aerial vehicle market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global unmanned aerial vehicle market.

Detailed Segmentation-

By Type
- Fixed Wing Drone
- Rotary Blade Drone
- Hybrid Drone
By Load Capacity
- <2KG
- 2-5 KG
- <5 KG
By Application
- Aerial Photography
- Agriculture
- Emergency and Disaster Management
- Inspection & Monitoring
- Remote Sensing & Mapping
- Wildlife Research & Preservation
By Regional
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Key Players Insights
- AeroVironment, Inc.
- Airbus SE
- BAE Systems plc
- Boeing Company
- China Aerospace Science and Technology Corporation (CASC)
- DJI
- Elbit Systems Ltd.
- General Atomics Aeronautical Systems, Inc. (GA-ASI)
- Israel Aerospace Industries Ltd. (IAI)
- Kratos Defense & Security Solutions, Inc.
- Lockheed Martin Corporation
- Northrop Grumman Corporation
- Parrot Drones SAS
- Raytheon Company
- Textron Inc.
- Thales Group
- Turkish Aerospace Industries, Inc. (TAI)
- UAV Factory
- Yuneec International
- Zipline International Inc.

Product Code: CMI4472

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Market Snippet, By Type
- Market Snippet, By Load Capacity
- Market Snippet, By Application
- Market Snippet, By Region
Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Drivers
- Restraints
- Market Opportunities
Regulatory Scenario
Industry Trend
Merger and Acquisitions
New System Launches/Approvals
Impact of COVID-19 Pandemic

4. Global Unmanned Aerial Vehicle Market, By Type, 2019-2031 (US$ Billion)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2019-2031
- Segment Trends
Fixed Wing Drone
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Billion)
Rotary Blade Drone
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Billion)
Hybrid Drone
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Billion)

5. Global Unmanned Aerial Vehicle Market, By Load Capacity, 2019-2031 (US$ Billion)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2019-2031
- Segment Trends
<2KG
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Billion)
2-5 KG
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Billion)
>5 KG
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Billion)

6. Global Unmanned Aerial Vehicle Market, By Application, 2019-2031 (US$ Billion)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2019-2031
- Segment Trends
Aerial Photography
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Billion)
Agriculture
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Billion)
Emergency and Disaster Management
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Billion)
Inspection & Monitoring
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Billion)
Remote Sensing & Mapping
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Billion)
Wildlife Research & Preservation
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Billion)

7. Global Unmanned Aerial Vehicle Market, By Region, 2019-2031 (US$ Billion)

Introduction
- Market Share Analysis, By Region, 2024 and 2031 (%)
North America
- Regional Trends
- Market Size and Forecast, By Type, 2019-2031 (US$ Billion)
- Market Size and Forecast, By Load Capacity, 2019-2031 (US$ Billion)
- Market Size and Forecast, By Application, 2019-2031 (US$ Billion)
- Market Share Analysis, By Country, 2024 and 2031 (%)
  - U.S.
  - Canada
Europe
- Regional Trends
- Market Size and Forecast, By Type, 2019-2031 (US$ Billion)
- Market Size and Forecast, By Load Capacity, 2019-2031 (US$ Billion)
- Market Size and Forecast, By Application, 2019-2031 (US$ Billion)
- Market Share Analysis, By Country, 2024 and 2031 (%)
  - U.K.
  - Germany
  - France
  - Russia
  - Rest of Europe
Asia Pacific
- Regional Trends
- Market Size and Forecast, By Type, 2019-2031 (US$ Billion)
- Market Size and Forecast, By Load Capacity, 2019-2031 (US$ Billion)
- Market Size and Forecast, By Application, 2019-2031 (US$ Billion)
- Market Share Analysis, By Country, 2024 and 2031 (%)
  - China
  - India
  - Japan
  - ASEAN
  - Australia
  - South Korea
  - Rest of Asia Pacific
Latin America
- Regional Trends
- Market Size and Forecast, By Type, 2019-2031 (US$ Billion)
- Market Size and Forecast, By Load Capacity, 2019-2031 (US$ Billion)
- Market Size and Forecast, By Application, 2019-2031 (US$ Billion)
- Market Share Analysis, By Country, 2024 and 2031 (%)
  - Brazil
  - Argentina
  - Mexico
  - Rest of Latin America
Middle East and Africa
- Regional Trends
- Market Size and Forecast, By Type, 2019-2031 (US$ Billion)
- Market Size and Forecast, By Load Capacity, 2019-2031 (US$ Billion)
- Market Size and Forecast, By Application, 2019-2031 (US$ Billion)
- Market Share Analysis, By Country, 2024 and 2031 (%)
  - South Africa
  - GCC Countries
  - Rest of the Middle East and Africa

8. Competitive Landscape

Company Profiles
- AeroVironment, Inc.
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Airbus SE
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- BAE Systems plc
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Boeing Company
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- China Aerospace Science and Technology Corporation (CASC)
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- DJI
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Elbit Systems Ltd.
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- General Atomics Aeronautical Systems, Inc. (GA-ASI)
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Israel Aerospace Industries Ltd. (IAI)
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Kratos Defence & Security Solutions, Inc.
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Northrop Grumman Corporation
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Parrot Drones SAS
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Raytheon Company
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Thales Group
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Turkish Aerospace Industries, Inc. (TAI)
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- UAV Factory
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Yuneec International
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Zipline International Inc.
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates

9. Wheel of Fortune

Wheel of Fortune
Analyst View
Coherent Opportunity Map

10. Section

References
Research Methodology
About us and Sales Contact