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Unmanned Aerial Vehicle Market by System, By Class, By Vertical, By Industry, By Type, By Range, By Mtow, By Mode of Operation, By Point of Sale and By Region – Global Opportunities and Forecast, 2021-2028
Unmanned Aerial Vehicle (UAV) Market by System, By Class, By Vertical, By Industry, By Type, By Range, By Mtow, By Mode of Operation, By Point of Sale, and By Region
Published Date: Jun-2020 | Report Format: Excel/PPT | Report Code: UP692A-00-0620
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Unmanned Aerial Vehicles Market is accounted for USD 24,845 million in 2020, growing at a robust CAGR of 15.4% during forecast period.
An unmanned aerial vehicle (UAV), also known as drones, is a type of aircraft without the onboard presence of pilots. The UAV can be semi-autonomous, fully autonomous, but is more often controlled by a human with the help of remote. It consists of various aircraft components such as sensors payloads, and a ground control station, and requires wireless communication for control. UAVs are commonly used for observation and tactical planning in numerous sectors such as military & defense, commercial, and other sectors.
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The major factor contributing to the growth of the Global Unmanned Aerial Vehicle (UAV) market include the rising procurement of military UAVs by defense forces across the globe. UAVs are commonly used in life-threatening military missions, modern warfare techniques, and loitering munition. In parallel, the accelerated adoption of UAVs in commercial application surveying & mapping, aerial remote sensing, product delivery, monitoring, surveying & mapping, and precision agriculture is further fuelling the market growth. The UAVs are widely used in performing target perception, ISR missions, and electronic warfare as various countries’ defense ministries are heavily investing in these capabilities due to its cost-effective property and helps in reducing casualties.
In addition to this, continuous enhancement in the flight control system driven by the development of sense and avoid technologies are propelling the growth of the global unmanned aerial vehicle market. The increasing usage of UAVs in advanced patrolling of marine borders and for counter-terrorism are further contributing the market growth. Simultaneously, the increasing use of advanced technology such as Artificial Intelligence (AI), Virtual Reality (VR), and the LiDAR sensor will transform the market during the forecast period. On the other edge, the stringent airspace regulations are likely to restrain the market growth.
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Based on the class, the small UAV segment is expected to grow at a higher CAGR during the forecast period attributed to the strong demand for small UAVs for surveillance and reconnaissance applications in the defense sector. Additionally, the increasing demand for small UAVs in commercial application such as logistics & transportation, precision agriculture, wildlife survey, law enforcement, photography, firefighting, disaster management, and others will further energize the growth of the small UAVs segment.
On the basis of application, the commercial segment is projected to grow at a higher CAGR over the forecast period. The emergence of UAVs for commercial applications such as product delivery, food delivery, surveying, monitoring, remote sensing, and monitoring is the key factor boosting the growth of the segment.
Based on range, the beyond the line of sight (BLOS) segment is expected to grow at a higher CAGR during the forecast period owing to the growing relaxation in rules and regulation, which is surging the demand of the commercial UAVs.
On the basis of mode of operation, the fully autonomous segment is anticipated to lead the market during the forecast period as fully autonomous UAVs require no human intervention and are loaded with pre-programmed features that help in smooth operation. All these factors are promoting the end-users to opt for fully autonomous UAVs.
Based on the systems, the UAV airframe is expected to grow at a higher CAGR due to the accelerated adoption of advanced design and configuration in the UAVs market. Moreover, the increasing demand for lightweight composite material is further driving the demand of the airframe segment.
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On the basis of region, the North America region is anticipated to lead the market during the forecast period owing to the growing use of UAVs for border and maritime surveillance activities in North American countries, such as the U.S. and Canada. In addition to this, the accelerated adoption of commercial drones for agriculture application, security purpose, and engineering purposes will directly fuel the market growth.
Various notable players in the Unmanned Aerial Vehicle (UAV) market include General Atomics, Northrop Grumman Corporation, Elbit Systems, Israel Aerospace Industries, Aerovironment, Lockheed Martin, Boeing Company, Aeronautics, Saab SE, Thales Groups, and SZ DJI Technology Co., Ltd. among others.
Key Developments:
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- In 2021, SZ DJI Technology Co., Ltd. had developed a new DJI Air 2S. It is a compact camera drone with an all-in-one answer for effective flight. This equipment is not only equipped with state-of-the-art cameras but also with high-level-grade preprogrammed substance creation devices.
- In 2021, Northrop Grumman Corporation had signed a deal with the US Navy to prototype and incorporated assimilating sense and avoid (SAA) competencies into its high-altitude, long-endurance MQ-4C Triton autonomous system to enable its secure functioning in shared airspace with manned aircraft.
- In 2020, General Atomics Aeronautical Systems, Inc. had carried out the flight demonstrations of captive carrying SparrowHawk small, unmanned aircraft systems (sUAS). The SparrowHawk aircraft is an airborne launch and recovery demonstrator aircraft tailored to suit GA-ASI platforms. It is based on the attritableONE technologies of the Advanced Battle Management System.
- In 2019, General Atomics signed a cooperative agreement with NASA to execute a demonstration flight in the course of the agency’s project to integrate Unmanned Aircraft Systems (UAS) into the National Airspace System (NAS).
The Global Unmanned Aerial Vehicle (UAV) market has been segmented based on the system, class, verticals, industry, type, range, Mtow, mode of operation, point of sale, and region. Based on the system, the market is categorized into UAV Airframes, UAV Avionics, UAV Propulsion Systems, UAV Software, UAV Payloads, and others. Based on the class, the market is segmented into Small UAVs, Tactical UAVs, and Strategic UAVs. Based on vertical, the market is segmented into Military, Commercial, Government & Law Enforcement, and Consumer. Based on industry, the market is segmented into Defense & Security, Agriculture, Logistics & Transportation¸ Energy & Power, Construction & Mining, Media & Entertainment, Insurance, Wildlife & Forestry, and Academics & Research. Based on the type, the market is segmented into Fixed-Wing UAVs, Fixed-Wing VTOL UAVs, and Rotary-Wing UAVs. Based on the range, the market is segmented into Visual Line of Sight UAVs, Extended Visual Line of Sight UAVs, and Beyond Line of Sight UAVs. Based on the Mtow, the market is segmented into <25 Kilograms, 25-170 Kilograms, and >170 Kilograms. Based on the mode of operation, the market is segmented into Remotely Piloted, Optionally Piloted, and Fully Autonomous. Based on the point of sale, the market is segmented into Original Equipment Manufacturer (OEM), and Aftermarket.
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Key questions answered in this research report:
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- At what pace is the global Unmanned Aerial Vehicle (UAV) market growing? What will be a growing trend in the future?
- What are the key drivers and restraints in the global Unmanned Aerial Vehicle (UAV) market? What will be the impact of drivers and restraints in the future?
- What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Unmanned Aerial Vehicle (UAV) market?
- Which System generated maximum revenues in 2020 and identify the most promising System during the forecast period?
- What are the various verticals of the global Unmanned Aerial Vehicle (UAV) market, and how they are poised to grow?
- What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?
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Report Coverage |
Details |
| Market Base Year |
2020 |
| Market Forecast Period |
2021-2028 |
| Market Revenues (2020) |
USD 24,845 million |
| Base Year & Forecast Units |
Value (USD Million) |
| Market Segment | By System, By Class, By Vertical, By Industry, By Type, By Range, By Mtow, By Mode of Transaction, By Point of Sale, By Region |
| Regional Coverage | Asia Pacific, Europe, North America, and RoW |
| Companies Profiled | General Atomics, Northrop Grumman Corporation, Elbit Systems, Israel Aerospace Industries, Aerovironment, Lockheed Martin, Boeing Company, Aeronautics, Saab SE, Thales Groups, SZ DJI Technology Co., Ltd. among others; A total of 11 companies covered. |
| 25% Free Customization Available | We will customize this report up to 25% as a free customization to address our client’s specific requirements |
Market Segmentation:
Global Unmanned Aerial Vehicle (UAV) Market by System
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- UAV Platforms Market, By Subsystem
- UAV Airframes, By Material Type
- UAV Alloys
- UAV Plastics
- UAV Composites, By Type
- Carbon Fiber Reinforced Polymers
- Glass Fiber Reinforced Polymers
- Boron Fiber Reinforced Polymers
- Aramid Fiber Reinforced Polymers
- UAV Avionics, By Component
- UAV Flight Control Systems, By Subcomponent
- UAV Air Data Computers
- UAV Autopilots/Flight Control Computers
- UAV Navigation Systems, By Subcomponent
- UAV Gps/GNSS
- UAV Ins/Imu
- UAV Sense & Avoid Systems
- UAV Sensors, By Type
- Speed Sensors
- Light Sensors
- Proximity Sensors
- Position Sensors
- Temperature Sensors
- UAV Communication Systems
- Others
- UAV Flight Control Systems, By Subcomponent
- UAV Propulsion Systems, By Component
- UAV Engines, By Type
- Gas Engines
- Electric Engines
- UAV Power Sources, By Type
- UAV Batteries
- Solar Cells
- Hybrid Cells
- Fuel Cells
- UAV Engines, By Type
- UAV Software
- UAV Airframes, By Material Type
- UAV Payloads, By Type
- UAV Cameras, By Type
- High-Resolution Cameras
- Multispectral Cameras
- Hyperspectral Cameras
- Thermal Cameras
- Eo/Ir Cameras
- UAV CBRN Sensors
- UAV Electronic Intelligence Payloads, By Type
- Signal Intelligence
- electronic Intelligence
- Communication Intelligence
- Telemetry Intelligence
- UAV Radar, By Type
- Synthetic Aperture Radar
- Active Electronically Scanned Array Radar
- UAV Lidar
- UAV Gimbals
- UAV Cameras, By Type
- UAV Data Links
- UAV Ground Control Stations
- UAV Launch & Recovery Systems
- UAV Platforms Market, By Subsystem
Global Unmanned Aerial Vehicle (UAV) Market by Class
-
- Small UAVs
- Nano UAVs
- Micro UAVs
- Mini UAVs
- Strategic & Tactical UAVs
- Close-Range (CR) UAVs
- Short-Range (SR) UAVs
- Medium-Range (MR) UAVs
- Medium-Range Endurance (MRE) UAVs
- Low-Altitude Deep Penetration (LADP) UAVs
- Low-Altitude Long Endurance (LALE) UAVs
- Medium-Altitude Long Endurance (MALE) UAVs
- High-Altitude Long Endurance (HALE) UAVs
- Special-Purpose UAVs
- Unmanned Combat Aerial Vehicles (UCAVS)
- Loitering UAVs
- Swarm Drones
- Lethal UAVs
- Decoy UAVs
- Stratospheric UAVs
- Exo-Stratospheric UAVs
- Small UAVs
Global Unmanned Aerial Vehicles (UAV) Market by Vertical
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- Military
- Intelligence, Surveillance, and Reconnaissance (ISR)
- Combat Operations
- Battle Damage Management
- Commercial
- Remote Sensing
- Inspection & Monitoring
- Product Delivery
- Surveying & Mapping
- Inspection & Monitoring
- Aerial Imaging
- Industrial Warehousing
- Others
- Government & Law Enforcement
- Border Management
- Traffic Monitoring
- Firefighting & Disaster Management
- Search & Rescue
- Police Operations & Investigations
- Maritime Security
- Consumer
- Prosumers
- Hobbyists
- Military
Global Unmanned Aerial Vehicles (UAV) Market by Industry
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- Defense & Security
- Agriculture
- Logistics & Transportation
- Postal & Package Delivery
- Healthcare & Pharmacy
- Retail & Food
- Energy & Power
- Power Generation
- Oil & Gas
- Construction & Mining
- Media & Entertainment
- Insurance
- Wildlife & Forestry
- Academics & Research
Global Unmanned Aerial Vehicles (UAV) Market by Type
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- Fixed-Wing UAVs
- Fixed-Wing VTOL UAVs
- Rotary-Wing UAVs
- Single Rotor UAVs
- Multi Rotor UAVs
- Bicopters
- Tricopters
- Quadcopters
- Octocopters
Global Unmanned Aerial Vehicles (UAV) Market by Range
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- Visual Line of Sight UAVs
- Extended Visual Line of Sight UAVs
- Beyond Line of Sight UAVs
Global Unmanned Aerial Vehicles (UAV) Market by Mtow
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- <25 Kilograms
- 25-170 Kilograms
- >170 Kilograms
Global Unmanned Aerial Vehicles (UAV) Market by Operation
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- Remotely Piloted
- Optionally Piloted
- Fully Autonomous
Global Unmanned Aerial Vehicles (UAV) Market by Point of Sale
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- Original Equipment Manufacturer (OEM)
- Aftermarket
Global Unmanned Aerial Vehicle (UAV) Market by Region
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- North America Unmanned Aerial Vehicle (UAV) Market (Option 1: As a part of the free 25% customization)
- By System
- By Class
- By Vertical
- By Industry
- By Type
- By Range
- By Mtow
- By Mode of Transaction
- By Point of Sale
- United States of America (US) Unmanned Aerial Vehicle (UAV) Market All-Up
- Canada Unmanned Aerial Vehicle (UAV) Market All-Up
- Europe Unmanned Aerial Vehicle (UAV) Market (Option 2: As a part of the free 25% customization)
- By System
- By Class
- By Vertical
- By Industry
- By Type
- By Range
- By Mtow
- By Mode of Transaction
- By Point of Sale
- United Kingdom (UK) Unmanned Aerial Vehicle (UAV) Market All-Up
- Germany All-Up Unmanned Aerial Vehicle (UAV) Market All-Up
- France Unmanned Aerial Vehicle (UAV) Market All-Up
- Spain Unmanned Aerial Vehicle (UAV) Market All-Up
- Rest of Europe Unmanned Aerial Vehicle (UAV) Market All-Up
- Asia-Pacific Unmanned Aerial Vehicle (UAV) Market (Option 3: As a part of the free 25% customization)
- By System
- By Class
- By Vertical
- By Industry
- By Type
- By Range
- By Mtow
- By Mode of Transaction
- By Point of Sale
- China Unmanned Aerial Vehicle (UAV) Market All-Up
- India Unmanned Aerial Vehicle (UAV) Market All-Up
- Japan Unmanned Aerial Vehicle (UAV) Market All-Up
- Rest of APAC Unmanned Aerial Vehicle (UAV) Market All-Up
- RoW Unmanned Aerial Vehicle (UAV) Market (Option 4: As a part of the free 25% customization)
- By System
- By Class
- By Vertical
- By Industry
- By Type
- By Range
- By Mtow
- By Mode of Transaction
- By Point of Sale
- Brazil Unmanned Aerial Vehicle (UAV) Market All-Up
- South Africa Unmanned Aerial Vehicle (UAV) Market All-Up
- Saudi Arabia Unmanned Aerial Vehicle (UAV) Market All-Up
- UAE Unmanned Aerial Vehicle (UAV) Market All-Up
- Rest of world (remaining countries of the LAMEA region) Unmanned Aerial Vehicle (UAV) Market All-Up
- North America Unmanned Aerial Vehicle (UAV) Market (Option 1: As a part of the free 25% customization)
Major Players Operating the Unmanned Aerial Vehicle (UAV) (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)
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- General Atomics
- Northrop Grumman Corporation
- Elbit Systems
- Israel Aerospace Industries
- Aerovironment
- Lockheed Martin
- Boeing
- Aeronautics
- Saab SE
- Thales Groups
- SZ DJI Technology Co., Ltd.
Frequently Asked Question About This Report
Unmanned Aerial Vehicle [UP692A-00-0620]
The growth rate of Unmanned Aerial Vehicle Market during forecast period is 15.4%.
The top players in the Unmanned Aerial Vehicle Market are, General Atomics, Northrop Grumman Corporation, Elbit Systems, Israel Aerospace Industries, Aerovironment, Lockheed Martin, Boeing Company, Aeronautics, Saab SE, Thales Groups, and SZ DJI Technology Co., Ltd. among others.
The North America region is expected to grow at a higher CAGR rate in the Unmanned Aerial Vehicle Market during the forecast period due to the growing use of UAVs for border and maritime surveillance activities in North American countries, such as the U.S. and Canada.
The commercial segment is projected to grow at a higher CAGR over the forecast period. The emergence of UAVs for commercial applications such as product delivery, food delivery, surveying, monitoring, remote sensing, and monitoring is the key factor boosting the growth of the segment.