PUBLISHER: TechNavio | PRODUCT CODE: 1685595
PUBLISHER: TechNavio | PRODUCT CODE: 1685595
The UAV market is forecasted to grow by USD 37528.3 million during 2024-2029, accelerating at a CAGR of 15.1% during the forecast period. The report on the UAV market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing defense spending on unmanned technologies, low-cost alternative to fighter jets, and emergence of miniaturized EO/IR systems.
Market Scope | |
---|---|
Base Year | 2025 |
End Year | 2029 |
Series Year | 2025-2029 |
Growth Momentum | Accelerate |
YOY 2025 | 10.9% |
CAGR | 15.1% |
Incremental Value | $37528.3 mn |
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.
Technavio's UAV market is segmented as below:
By Type
By Application
By Class Type
By Geographical Landscape
This study identifies the development of alternate propulsion technologies for UAV as one of the prime reasons driving the UAV market growth during the next few years. Also, preference for composite-based landing gear design and increasing adoption of AI for autonomous UAVs will lead to sizable demand in the market.
The report on the UAV market covers the following areas:
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading UAV market vendors that include AeroVironment Inc., BAE Systems PLC, DELAIR SAS, Draganfly Inc., Dynamatic Technologies, Elbit Systems Ltd., Field Group AS, General Atomics, Israel Aerospace Industries Ltd., Leonardo Spa, Lockheed Martin Corp., Northrop Grumman Corp., Parrot Drones SAS, Rafael Advanced Defense Systems Ltd., RTX Corp., SZ DJI Technology Co. Ltd., Textron Inc., Thales Group, The Boeing Co., and Turkish Aerospace Industries Inc.. Also, the UAV market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
Exhibits: