PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1126459
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1126459
According to Stratistics MRC, the Global Unmanned Helicopter Market is accounted for $4.77 billion in 2022 and is expected to reach $12.82 billion by 2028 growing at a CAGR of 17.3% during the forecast period. Unmanned helicopter is an aircraft without any human pilot, crew, or passengers on board. These can survive harsh weather conditions, carry multiple payloads, and transmit real-time information to agencies. They are equipped with a satellite communication network that supports operations in remote areas. Unmanned helicopter is equipped with a ground-based controller and a system of communications with unmanned aerial vehicle (UAV). The flight of the unmanned helicopter can be carried out under the control of a human operator with remote, just like a remote-control aircraft.
From a continental perspective, suppliers in Europe earned the most revenue from exported helicopters during 2020 with deliverables valued at $2.2 billion or 48% of the global sum. In second place were North American exporters at 39% while 6.7% of international helicopter sales originated from Asia. Another 4.5% were sold by suppliers in Africa.
Market Dynamics:
Driver:
Strong Demand for Helicopter Drone for Commercial Applications
The global unmanned helicopter market expected to drive growth during the forecast period, as helicopters are well-suited for quasi-static positioning of advanced sensors in 3D space with high precision. Even in windy conditions, these helicopters offer precise flight control and operations in cluttered environments due to their manoeuvrability and ability to fly at any low speed. There is a rising interest in deploying these helicopters for photogrammetric survey, forest monitoring, and infrastructure inspection, which are based on remote sensing tasks.
Restraint:
Strict regulations
The global unmanned helicopter market expected to hamper growth during the forecast period. Technology firms have brought up multiple possible drawbacks that affect the unmanned helicopter market growth. These drawbacks include lack of transparency in government regulations, privacy, safety, security, and usage restrictions. The standards and guidelines mentioned by the government authorities for UAVs are very strict. For the management, operational, and delivery functions of an unmanned aerial service firm, these guidelines are to be followed compulsorily. Even for commercial use, strict guidelines are to be implemented by the governments such as safety & risk mitigation and unmanned rotorcraft service and flight operations.
Opportunity:
Adoption of fire scout unmanned helicopter to improve the battlefield management
The global unmanned helicopter market expected to drive growth during the forecast period, due to the changing battlefield management and warfare technique and the need to modernize conventional military equipment. To keep up with the technological progress on the battlefield, modernization is necessary. The increasing demand for upgrading is anticipated to drive the market; hence, many countries are focusing on upgrading their defense forces.
Threat:
Component Failure and Design
The global unmanned helicopter market expected to hinder growth during the forecast period. Many military applications require higher efficiency, wide frequency, and compatibility to operate under severe conditions. The unmanned rotorcraft's size and performance are limited by the techniques and fundamental theories. Even though the product can be used in rougher environments, shattering damages can be caused on a battlefield due to any type of equipment failure. But the restrictions in the design and development of military unmanned rotorcrafts are preventing the market growth.
COVID-19 Impact:
The coronavirus pandemic catastrophically affected the unmanned helicopter market growth. The supply chain disruptions, reduced investments, and lesser business opportunities experienced during the pandemic have negatively impacted the market's expansion. Moreover, many nations substantially cut their defense budgets and allocated those funds to fortify the healthcare sector burdened by the coronavirus pandemic. However, the rising adoption of unmanned systems to support regular medical supply, PEE kits, and healthcare kits is predicted to stimulate growth in the market.
The medium is expected to be the largest during the forecast period
The medium segment is expected to have a lucrative growth, due to high demand for military and commercial applications. The growth can be attributed to an increase in demand for emergency cases, cargo transport, border security, and surveillance application. The industrial unmanned helicopter has wide applications due to its long battery life and high altitude benefits.
The government agency is expected to have the highest CAGR during the forecast period
The government agency segment is anticipated to witness the fastest CAGR growth during the forecast period, as government agencies use unmanned helicopters for numerous objectives such as forest monitoring, wildlife monitoring, and other applications.
Region with highest share:
The Asia Pacific region market is estimated to witness a highest share of the global unmanned helicopter market during the forecast period, due to growing technology in the defense industry, increasing number of operations, rising demand for stations, and increasing demand for search and rescue operations and border patrolling.
Region with highest CAGR:
North America is projected to have the highest CAGR over the forecast period, due to rise in modernization of defense structures in the aviation sector. The supremacy of this area can be attributable to the increasing presence of key competitors in the market such as VELOS ROTORS LLC and AeroVironment Inc. The U.S. Navy and Marine Corps launched a naval fully autonomous teaming ability during an exercise in California and increased demand for unmanned helicopter service and UAV technology. The industry is well-scoped due to this and the presence of favorable government regulations and essential infrastructure structures in the U.S. and Canada.
Key players in the market
Some of the key players in Powder Metallurgy market include Curtiss-Wright, Yamaha Motor Company, Airbus SE, Royal Australian Navy (RAN), AirStar International, Inc., Saab Group, Alpha Unmanned Systems (Spain), Boeing Company, Leonardo S.p.A., Schiebel Corporation (Austria), UMS Skeldar (Switzerland), Israel Aerospace Industries Ltd., Aeroscout GmbH (Switzerland), American Unmanned Systems, LLC, HighEye (Lexmond, The Netherlands), CybAero AB (Sweden), Quantum Systems (Germany), Anduril Industries (U.S.), STEADICOPTER (Israel), Aeryon/FLIR (U.S.).
Key Developments:
In February 2022, Curtiss-Wright established a partnership with Teledyne FLIR Defense to deliver unmanned systems and integrated solutions to the nuclear power business and the Department of Energy in the U.S. (DOE)
In September 2021, The Royal Australian Navy (RAN) awarded Schiebel a three-year extended contract for the maintenance of its Camcopter S-100 Uncrewed Aviation System (UAS). The expansion allows RAN to take advantage of the S-100 and continue experimenting and learning.
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Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances