Unmanned Aerial Vehicles Market by Type, Class, System, Mode of Operation, Application

Description

List of Tables

[192 Pages Report] The Unmanned Aerial Vehicles Market size was estimated at USD 34.76 billion in 2023 and expected to reach USD 38.46 billion in 2024, at a CAGR 10.70% to reach USD 70.83 billion by 2030.

Unmanned aerial vehicles refer to vehicles that are remotely operated without the involvement of human pilots or passengers. They are primarily used in military operations for battlefield intelligence, drone strikes, search, rescue, and navigation activities. Traffic monitoring, disaster management, remote sensing, pipeline monitoring, and livestock are some areas of commercial application of UAVs. UAVs are preprogrammed with flight patterns and can navigate and fly in multiple directions, significantly enhancing operating flexibility and operational efficiency. The utilization of UAV-based remote sensing technologies for monitoring crops for precision agriculture has stimulated the utilization of UAVs for agriculture and horticulture. Incorporation of UAVs in civil applications is growing which has attracted government attention. The number of government initiatives to map villages, improve infrastructure planning, and promote drone and UAV manufacturing activities is increasing rapidly. However, bandwidth restrictions, limited flying endurance, and limited power supply offered by batteries of UAVs, coupled with a lack of standardized regulations regarding the operations of UAV devices, have raised concerns about their adoption.

KEY MARKET STATISTICS
Base Year [2023]	USD 34.76 billion
Estimated Year [2024]	USD 38.46 billion
Forecast Year [2030]	USD 70.83 billion
CAGR (%)	10.70%

Market players are enhancing the performance and functionalities of UAVs while keeping track of the evolving regulations to offer high-quality and safe-operating drones. Major players are investing in integrating AI, ML, and big data analytics that have improved precision and accuracy. Such efforts have facilitated improvements in object recognition and navigation and enhanced the safety of utilization of UAVs.

Regional Insights

The Americas region has an advancing landscape in the UAV market, driven by the increasing adoption of drones across aerospace and transportation industries to support expanding production activities. The United States and Canada are widely involved in research on advanced versions of UAVs based on AI, robotics, and IoT technologies. The Federal Aviation Administration (FAA) continually updates regulations to streamline drone integration into national airspace systems while ensuring public safety. Asia is emerging as a significant player in both production and adoption of UAV technology. The region's drone manufacturing industry is growing due to its low-cost labor force and dominance within electronics supply chain networks. China, India, and Japan are increasingly exploring opportunities to integrate drone technology into various sectors, such as agriculture management & disaster relief operations. Japan, too, has implemented regulatory frameworks promoting drone usage for commercial purposes, while South Korea is making strides in developing military UAVs. Europe has witnessed a major growth in UAV adoption across various industries, particularly agriculture, infrastructure inspection, and aerial photography (17%). EU countries have seen a rise in research collaborations alongside investments focused on developing advanced UAV technologies for civilian purposes. The European region has introduced several updated regulations regarding commercial, civil, and military drones to maintain their safe operations. EU Regulations 2019/947 and 2019/945 focus on guidelines for the secure functioning of civil drones in Europe. Emerging countries in the region are also gaining momentum as they recognize the potential economic benefits of UAVs in various applications.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Unmanned Aerial Vehicles Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers
- Surging application of farming drones to support precision agriculture
- Increasing adoption of UAVs in the military for security surveillance
- Government initiatives promoting UAV research and manufacturing

Market Restraints
- Bandwidth restrictions and limited endurance issues of UAVs

Market Opportunities
- Advancements in UAVs with the integration of AI, ML, and big data
- Enhanced use of consumer drones in cinematography and aerial mapping

Market Challenges
- Lack of standard regulations regarding safety compliance and approval for the use of UAV

Market Segmentation Analysis
- System: Advancements in data links and GCS to improve drone reliability and mobility
- Application: Expansive use of UAVs in commercial activities and military industry

Market Disruption Analysis
Porter's Five Forces Analysis
Value Chain & Critical Path Analysis
Pricing Analysis
Technology Analysis
Patent Analysis
Trade Analysis
Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Unmanned Aerial Vehicles Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Unmanned Aerial Vehicles Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

Drone Evolution Launches Sentinel Tethered UAV at Dsei 2023, London

Drone Evolution unveiled its latest innovation, SENTINEL, at the DSEI 2023 exhibition. The advanced tethered Unmanned Aerial Vehicle (UAV) system is designed and manufactured in the United Kingdom. SENTINEL is an airborne rebroadcasting node for enhanced persistent surveillance capabilities and heightened situational awareness, integrating Steatite's cutting-edge MPU5 MESH radio technology. The lightweight SENTINEL tether system offers a competitive advantage over traditional mast options due to its rapid deployment capabilities and reduced carrying weight. This innovative combination of a tethered UAV platform is an ideal solution for various applications, including intelligence gathering, surveillance, reconnaissance, force protection, and event security. [Published On: 2023-09-12]

Iveda Partners with Evergreen Aviation, Revolutionizing the Unmanned Aerial Vehicle Industry

Iveda Solutions, a major player in cloud-based AI video and sensor technology, announced a strategic partnership with Evergreen Aviation Technologies Corp. (EGAT), a provider of aircraft maintenance solutions. This partnership aimed to deliver advanced unmanned aerial vehicles (UAVs) to the international market, paving the way for innovative surveillance capabilities. Iveda obtained exclusive global rights to market and distribute military-grade drones capable of flying at altitudes between 10,000 and 30,000 feet as a part of this alliance. Additionally, this partnership significantly enhanced EGAT's cross-border reach while maintaining its commitment to providing state-of-the-art solutions. Combining their respective technological advancements, Iveda and EGAT offered worldwide access to cutting-edge smart drones for governments and military organizations. [Published On: 2023-04-18]

Ondas Completes USD 15.2 million Acquisition of Israeli Drone Company Airobotics

Ondas Holdings Inc., a U.S.-based private cellular company, successfully finalized the merger acquisition of Airobotics, an Israeli developer of drone systems and platforms. The deal, valued at USD 15.2 million, marks a significant step forward in Ondas Holdings' expansion into the unmanned aerial vehicles (UAV) sector. The combination of Airobotics' expertise in drone system development and American Robotics' capabilities enable Ondas Holdings to deliver cutting-edge UAV technologies that are efficient and cater to diverse applications within the utility and industrial sectors. This strategic move by Ondas Holdings signifies a growing trend toward greater investment in innovative technologies such as UAVs, which have increasingly become crucial tools for operations such as infrastructure inspection, environmental monitoring, and emergency response services. [Published On: 2023-01-24]

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Unmanned Aerial Vehicles Market. This critical assessment involves a thorough analysis of the organization's resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Unmanned Aerial Vehicles Market, highlighting leading vendors and their innovative profiles. These include AeroVironment, Inc., AgEagle Aerial Systems Inc., Airbus SAS, Airobotics Ltd. by Ondas Holdings Inc., Alpha Unmanned Systems SL, Applied Aeronautics, LLC, Ascent AeroSystems, Aurora Flight Sciences, Autel Robotics Co. Ltd., BAE Systems PLC, Beijing Unbtek Innovation Technology Co., Ltd., Chengdu JOUAV Automation Tech Co., Ltd., Delair SAS, Draganfly Inc., Elbit Systems Ltd., FLYABILITY SA, Freefly Systems, General Atomics, Guangzhou EHang Intelligent Technology Co. Ltd., Insitu Inc., Israel Aerospace Industries Ltd., kydio, Inc., Lockheed Martin Corporation, Microdrones GmbH, Northrop Grumman Corporation, Parrot Drone SAS, PowerVision Inc., PrecisionHawk, Inc., Qingdao Zhongfei Intelligent Technology Co.,Ltd, Saab AB, SkyDrop, SkyStream Group, SZ DJI Technology Co., Ltd., Teledyne Technologies Incorporated, Thales Group, The Boeing Company, Vectorbirds - airborne systems GmbH & Co KG, ViewproUAV Tech. Ltd., Wingtra, and Yuneec International.

Market Segmentation & Coverage

This research report categorizes the Unmanned Aerial Vehicles Market to forecast the revenues and analyze trends in each of the following sub-markets:

Type
- Fixed Wing
- Rotary Wing
- Vertical Take-off & Landing

Class
- Small UAV
- Special Purpose UAV
- Tactical UAV

System
- Data Links
- Ground Control Stations
- Launch & Recovery Systems

Mode of Operation
- Fully Autonomous
- Optionally Piloted
- Remotely Piloted

Application
- Civil & Commercial
- Military
- Recreational

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

Product Code: MRR-D2073C5D8E71

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Surging application of farming drones to support precision agriculture
  - 5.1.1.2. Increasing adoption of UAVs in the military for security surveillance
  - 5.1.1.3. Government initiatives promoting UAV research and manufacturing
- 5.1.2. Restraints
  - 5.1.2.1. Bandwidth restrictions and limited endurance issues of UAVs
- 5.1.3. Opportunities
  - 5.1.3.1. Advancements in UAVs with the integration of AI, ML, and big data
  - 5.1.3.2. Enhanced use of consumer drones in cinematography and aerial mapping
- 5.1.4. Challenges
  - 5.1.4.1. Lack of standard regulations regarding safety compliance and approval for the use of UAV
5.2. Market Segmentation Analysis
- 5.2.1. System: Advancements in data links and GCS to improve drone reliability and mobility
- 5.2.2. Application: Expansive use of UAVs in commercial activities and military industry
5.3. Market Disruption Analysis
5.4. Porter's Five Forces Analysis
- 5.4.1. Threat of New Entrants
- 5.4.2. Threat of Substitutes
- 5.4.3. Bargaining Power of Customers
- 5.4.4. Bargaining Power of Suppliers
- 5.4.5. Industry Rivalry
5.5. Value Chain & Critical Path Analysis
5.6. Pricing Analysis
5.7. Technology Analysis
5.8. Patent Analysis
5.9. Trade Analysis
5.10. Regulatory Framework Analysis

6. Unmanned Aerial Vehicles Market, by Type

6.1. Introduction
6.2. Fixed Wing
6.3. Rotary Wing
6.4. Vertical Take-off & Landing

7. Unmanned Aerial Vehicles Market, by Class

7.1. Introduction
7.2. Small UAV
7.3. Special Purpose UAV
7.4. Tactical UAV

8. Unmanned Aerial Vehicles Market, by System

8.1. Introduction
8.2. Data Links
8.3. Ground Control Stations
8.4. Launch & Recovery Systems

9. Unmanned Aerial Vehicles Market, by Mode of Operation

9.1. Introduction
9.2. Fully Autonomous
9.3. Optionally Piloted
9.4. Remotely Piloted

10. Unmanned Aerial Vehicles Market, by Application

10.1. Introduction
10.2. Civil & Commercial
10.3. Military
10.4. Recreational

11. Americas Unmanned Aerial Vehicles Market

11.1. Introduction
11.2. Argentina
11.3. Brazil
11.4. Canada
11.5. Mexico
11.6. United States

12. Asia-Pacific Unmanned Aerial Vehicles Market

12.1. Introduction
12.2. Australia
12.3. China
12.4. India
12.5. Indonesia
12.6. Japan
12.7. Malaysia
12.8. Philippines
12.9. Singapore
12.10. South Korea
12.11. Taiwan
12.12. Thailand
12.13. Vietnam

13. Europe, Middle East & Africa Unmanned Aerial Vehicles Market

13.1. Introduction
13.2. Denmark
13.3. Egypt
13.4. Finland
13.5. France
13.6. Germany
13.7. Israel
13.8. Italy
13.9. Netherlands
13.10. Nigeria
13.11. Norway
13.12. Poland
13.13. Qatar
13.14. Russia
13.15. Saudi Arabia
13.16. South Africa
13.17. Spain
13.18. Sweden
13.19. Switzerland
13.20. Turkey
13.21. United Arab Emirates
13.22. United Kingdom

14. Competitive Landscape

14.1. Market Share Analysis, 2023
14.2. FPNV Positioning Matrix, 2023
14.3. Competitive Scenario Analysis
- 14.3.1. Drone Evolution Launches Sentinel Tethered UAV at Dsei 2023, London
- 14.3.2. Iveda Partners with Evergreen Aviation, Revolutionizing the Unmanned Aerial Vehicle Industry
- 14.3.3. Ondas Completes USD 15.2 million Acquisition of Israeli Drone Company Airobotics
14.4. Strategy Analysis & Recommendation

15. Competitive Portfolio

15.1. Key Company Profiles
15.2. Key Product Portfolio