Global Unmanned Aerial Vehicle (UAV) Market was valued at US $ 13.88 billion in 2023 and is expected to reach US $ 33.13 billion by 2032 growing at a CAGR of 13.74 % during the forecast period 2024 – 2032.

The unmanned aerial vehicle (UAV) is a key element in the Unmanned Aerial System (UAS). The self-piloted cars have onboard advanced computers that can be controlled from the ground by the earth based controllers. Some of these aerodynamic structures would undertake a few roles together with the planned navigational system. Initially, this technology was used without risking people’s lives in different military applications. Some missile UAVs for armed forces employ advanced technologies of guided weapons that work well in the air for high altitude attacking missions. Furthermore, the military employs UAVs with altered propulsion units fuelled by the liquid hydrogen propellant that allow for extended missions. They serve in tracking enemy forces and their actions and collection of additional data.

In the last couple of years, the global market place attractiveness was lucrative and so big corporates like google, amazon, DHL, uber, boeing and airbus invested extensively on R&D towards UAV technology. However, its use has enormously grown up in various fields like business, science, entertainment and public sector. They can take large amount of data at a time during disaster relief, forest monitoring and vegetation monitoring. The contemporary uses of consumer drones are mainly dedicated to aerial surveying, mapping, as well as in movie making.

Market Economic Potential for Drones: The construction industry will contribute to expansion.

According to the 2018 report by PwC, the volume of global construction market shall reach 15.5 trln dollars which is equal to 85% increment as compared with 2018 figures. Also, it is expected that crucial countries such as US, China, and India would constitute approximately 57% in industry’s development. Designing and planning are very important stages in the industry when it comes to major works of infrastructure and building. Surveys and the development of detailed maps of complex surface areas have to be done because it is important. Through drone delivery, organizations could save the cost they use for the acquisition of capital, people, and time since the information is always delivered with accuracy and quickly. Other UAV market applications include drone-assisted mapping, cadastral surveying, LiDAR mapping, and volumetric measurements. The construction sector is projected to contribute more than USD 43 billion within the forecast period.

The unmanned aerial vehicle industry will be positively impacted by using drones in medical supplies transportation during COVID-19.

Moderate influence of COVID-19 pandemic is expected in this market through adoption of various safety efforts in major countries such as USA, Germany, UK, France, Italy and India. There is a large reduction in global military and commercial demand during this pandemic era. Nevertheless, domestic entities are utilizing drones as a pivotal weapon against the spread of the COVID-19 virus. For instance, one example is how Antwork Incorporated, the Chinese firm, uses drone delivery services to ensure that the medical products are transported quickly despite the presence of Covid-19 and hence avoid having healthcare workers. Some countries have used drones to monitor public gatherings so that people maintain social distancing. Several countries, such as China, France, India, Russia; Spain, Belgium, etc., use drones to spray disinfectants on wide regions; emergency hospitals, governmental buildings, and national healthcare facilities.

The Unmanned Aerial Vehicle (UAV) Market Trend Analysis

Artificial intelligence and machine learning technologies integration for growth.

• The drones’ incredible ability to analyze millions of pictures facilitates the gathering of more accurate and safeguarded data that assists management towards better decisions making in various industrial sectors. The growing reliance on software to collect accurate information and analyse findings makes a significant impact in enhancing the operations of global economy. Customers are able to produce current maps regularly that are developed with up-to-date cameras, advanced computing system, and faster microprocessor due to continuous improvements in hardware and the relevant components used.
• Modern computing can enable live mapping of drones through using live map techniques acquired with aerial imaging methodologies. Therefore, big corporations focus at incorporating artificial intelligence and machine learning in their ability to extract meaning from the vast number of aerial photographs taken regularly through drones.S Many companies are producing automated site analysis programs based on object recognition and measurement tools. This is expected to facilitate emergency services and relief operations during disaster responses. Hence, the development of innovations for the unmanned aerial vehicle market in this field will stimulate its growth in the future.

Segmentation Analysis of the Unmanned Aerial Vehicle (UAV) Market

By Technology Analysis

Remote Segment to Showcase a Significant Market share as a result of aerial mapping applications among others.

The market is segmented according to technology into three categories: it could be fully self-governing, remote managed, or partially autonomous. In this time-frame, the independent part will have the highest growth rate in the market. Within the pre-operational stage, there is a command delivery system as well as a flight planning system that dictates the path and distance before an operation is made. UAV has full control. Ground operators give no external commands at all. Examples of these high-payload and specific mission UAVs in such countries as the USA, China, Russia, and Israel.

The remotely operated segment led in UAV market share in 2019. It is expected that the market leader position will hold throughout the forecast period because the broad spectrum of products which are powered by remote sensing technology. Wide range drones and BVLS ones collects data by controlling the operation of drone at lower height. Remote sensing technology is also used in numerous industrial applications such as forest monitoring, aerial cartography, and agriculture.

By System Analysis

There is a quick rise in CAGR for the avionics market, thanks to growing implementation of modern electronics.

This segmentation can be done based upon system components such as payloads, airframes, avionics, propellants, and software.

The avionics market segment is expected to grow in during the forecast period by adoption of automated flight management system, path control as well as modern electronics system. Many companies are focusing on improving GNSS-based nav systems as a means of making flights efficient. The development will support the autopilot feature, object detection as well as collision avoidance functionalities of unmanned aerial vehicles (UAVs). It is expected that such software system will incorporate new highly accurate sensors with respect to real time speed, altitude, and position for logistics, transportation, military, and rescue missions. It is expected that it will drive the development of software systems in the future.

By Application Analysis

The increase in corporate investment spurts, will result in high commercial sector CAGR.

The market for unmanned aerial vehicles (UAVs) is divided into three segments: commercial, recreational, and military. The military sector will have the largest market share during the forecast period. There is an increasing demand for commercial tactical and strategic UAVs used in military operations, which led to the expansion of this segment. Many countries have increased buying of MALE (Medium Altitude Long Endurance) and HALE (High Altitude Long Endurance) type uavs designed for specific missions. This means that the demand might continue going up in the coming few years.

The operation is expected to stimulate global demand for meaningful undertakings like border surveillance, monitoring, and security. Future growth, especially in the commercial area, will be large because of immediate participation in logistics, surveying, photogrammetry, agricultural supervision and forest management. The massive investments by leading companies like Uber for developing the Air Taxi and logistics giant DHL Logistics on novel UAV-based aviation transport is expected to propel extraordinary growth in commercial segment during forecast period.

Regional Analysis of the Unmanned Aerial Vehicle (UAV) Market

The unmanned aerial vehicle’s market in North America.

United States contributed more than half of the global UAV sales in 2022. This is due to the presence of big corporates around, like Northrop Grumman Corporation, Textron Inc., Lockheed Martin corporation, AeroVironment among others. Additionally, the increasing use of unmanned aerial vehicles (UAVs) or drones, for military purposes, infrastructure surveying, aerial mapping and forests monitoring is expected to play a significant role in boosting revenue of this segment during the forecast period.

For instance, Guinn Partners have partnered up with Fortress UAV to enter into strategic partnerships with creative tech companies specializing in robotics, drones and applied technology. This is meant for purposes of providing strategies, plan implementation, and market guidance in their journey to becoming global brands. There is a notable gap that remains to be filled within the robotics, Unmanned Aircraft Systems (UAS) and Internet of Things (IoT) markets. Thus, the partnership between Fortress UAV and Guinn partners adequately addresses this void.

The European Unmanned Aerial Vehicle Industry.

During the period of forecast, Europe will grow the fastest rate with its UAV’s market revenues across the globe. For example, drones or what is known as unmanned aircrafts have great prospects of making innovative civil applications that would be beneficial for the European community and generate new opportunities to the industry and work force. UTM is a UAS traffic management which have been developed in different parts of the world.

Unlike the main focus of air traffic management (ATM) is airplane safety at the high height, UTM can be the key to ensuring the safe operation of many unmanned aerial vehicles in low altitude, especially within the densely populated cities. Towards this end, EASA, the Commission and SESAR are developing U-Space as a European specialized UTM.

Asia-Pacific UAV market for unmanned aerial vehicles.

The Asia-pacific region is expected to contribute a bigger part for this market during the forecasting period. However, this could be attributable to the increasing number of market players and collaborations that exist in this part of the world. For instance, the Saudi—Chinese aero spaces industry collaboration of march 9, 2022 intends to manufacture and develop armed UAV’s (unmanned aerial vehicles) in UK (United Kingdom). In cooperation with CETC, Aerial Solutions operates a R&D facility staffed by personnel who assemble UAVs within various categories. These systems include communications, flight control, camera technology, radar apparatus, and wireless detection systems.

Top Key Players

• DJI (China)
• Parrot (France)
• Yuneec (China)
• 3D Robotics (U.S.)
• Go Pro (U.S.)
• Holy Stone (Taiwan)
• Autel Robotics (U.S.)
• Sense Fly (Switzerland)
• Kesper Drone (U.S.)
• Hexagon (Sweden)
• Delair (France)
• AeroVironment Inc., (U.S.)
• Other Players

Key Industry Developments in the Unmanned Aerial Vehicle (UAV) Market

• In June, 2021, Israel Aerospace Industries received a USD 200 million USDC contact in support of their Heron UAV. Essentially, the Heron MALE/ UAV system functions as a strategic reconnaissance and surveillance operator.
• In May, 2021, Teledyne FLIR LLC was rewarded with a contract worth $15.4m by the US Army for the delivery of Black Hornet 3 which is palm-size UAV. Black Hornet 3, called portable reconnaissance system, is 168 mm long, 33 g, and it has a rotor diameter of 123 mm.
• In January 2021, AeroVironment, Inc informed all the stakeholders about the successful completion of the USD 405 million acquisition deal for Arcturus UAV, Inc’s total unmanned aerial system offering.
• India army said January 2021 awarded IDEAFORCE TECHNOLOGY PRIVATE LIMITED. the delivery of 6 SWITCH unmanned aerial vehicles (UAV) worth $20 million under a contract. Due to its ability for a vertical take-off and landing, this fixed wing U AV can execute surveillance at night and during the day, as well as in harsh conditions, at high altitude. The SWITCH UAV is most suitable for ISR based applications.
• In January 2021, the FAA authorized operation of a fully unattended drone system developed by an American company called American Robotics, Inc. This results into the FAA developing an Unmanned Aircraft System Traffic Management system.

Table of Contents

1 INTRODUCTION OF GLOBAL Unmanned Aerial Vehicle (UAV) Market

1.1 Overview of the Market

1.2 Scope of Report

1.3 Assumptions

2 EXECUTIVE SUMMARY

3 RESEARCH METHODOLOGY

3.1 Data Mining

3.2 Validation

3.3 Primary Interviews

3.4 List of Data Sources

4 GLOBAL Unmanned Aerial Vehicle (UAV) Market OUTLOOK

4.1 Overview

4.2 Market Dynamics

4.2.1 Drivers

4.2.2 Restraints

4.2.3 Opportunities

4.3 Porters Five Force Model

4.3.1. Bargaining Power of Suppliers

4.3.2. Threat of New Entrants

4.3.3. Threat of Substitutes

4.3.4. Competitive Rivalry

4.3.5. Bargaining Power among Buyers

4.4 Value Chain Analysis

5 GLOBAL Unmanned Aerial Vehicle (UAV) Market BY Technology

5.1 Overview

5.2 Remotely Operated

5.3 Semi-autonomous

5.4 Fully-autonomous

6 GLOBAL Unmanned Aerial Vehicle (UAV) Market , BY Range

6.1 Overview

6.2 UAV Airframe

6.3 UAV Payloads

6.4 UAV Avionics

6.5 UAV Propulsion

6.6 UAV Software

7 GLOBAL Unmanned Aerial Vehicle (UAV) Market BY Application

7.1 Overview

7.2 Military

7.3 Commercial

7.4 Recreational

8 GLOBAL Unmanned Aerial Vehicle (UAV) Market, By REGION

8.1 North America

8.1.1 U.S.

8.1.2 Canada

8.2 Europe

8.2.1 Germany

8.2.3 U.K.

8.2.4 France

8.2.5 Rest of Europe

8.3 Asia Pacific

8.3.1 China

8.3.2 Japan

8.3.3 India

8.3.4 South Korea

8.3.5 Singapore

8.3.6 Malaysia

8.3.7 Australia

8.3.8 Thailand

8.3.9 Indonesia

8.3.10 Philippines

8.3.11 Rest of Asia Pacific

8.4 Others

8.4.1 Saudi Arabia

8.4.2 U.A.E.

8.4.3 South Africa

8.4.4 Egypt

8.4.5 Israel

8.4.6 Rest of Middle East and Africa (MEA)

8.4.7 Brazil

8.4.8 Argentina

8.4.9 Mexico

8.4.10 Rest of South America

9 COMPANY PROFILES

9.1 DJI (China)

9.1.1. Company Overview

9.1.2. Key Executives

9.1.3. Operating Business Segments

9.1.4. Product Portfolio

9.1.5. Financial Performance (As per availability)

9.1.6 Key News

9.2 Parrot (France)

9.2.1. Company Overview

9.2.2. Key Executives

9.2.3. Operating Business Segments

9.2.4. Product Portfolio

9.2.5. Financial Performance (As per availability)

9.2.6 Key News

9.3 Yuneec (China)

9.3.1. Company Overview

9.3.2. Key Executives

9.3.3. Operating Business Segments

9.3.4. Product Portfolio

9.3.5. Financial Performance (As per availability)

9.3.6 Key News

9.4 3D Robotics (U.S.)

9.4.1. Company Overview

9.4.2. Key Executives

9.4.3. Operating Business Segments

9.4.4. Product Portfolio

9.4.5. Financial Performance (As per availability)

9.4.6 Key News

9.5 Go Pro (U.S.)

9.5.1. Company Overview

9.5.2. Key Executives

9.5 3. Operating Business Segments

9.5.4. Product Portfolio

9.5.5. Financial Performance (As per availability)

9.5.6 Key News

9.6 Holy Stone (Taiwan)

9.61. Company Overview

9.6.2. Key Executives

9.6.3. Operating Business Segments

9.6.4. Product Portfolio

9.6.5. Financial Performance (As per availability)

9.6.6 Key News

9.7 Holy Stone (Taiwan)

9.7.1. Company Overview

9.7.2. Key Executives

9.7.3. Operating Business Segments

9.7.4. Product Portfolio

9.7.5. Financial Performance (As per availability)

9.7.6 Key News

9.8 Sense Fly (Switzerland)

9.8.1. Company Overview

9.8.2. Key Executives

9.8.3. Operating Business Segments

9.8.4. Product Portfolio

9.8.5. Financial Performance (As per availability)

9.8.6 Key News

9.9 Kesper Drone (U.S.)

9.9.1. Company Overview

9.9.2. Key Executives

9.9.3. Operating Business Segments

9.9.4. Product Portfolio

9.9.5. Financial Performance (As per availability)

9.9.6 Key News

9.10 Hexagon (Sweden)

9.10.1. Company Overview

9.10.2. Key Executives

9.10.3. Operating Business Segments

9.10.4. Product Portfolio

9.10.5. Financial Performance (As per availability)

9.10.6 Key News

9.11 Delair (France)

9.11.1. Company Overview

9.11.2. Key Executives

9.11.3. Operating Business Segments

9.11.4. Product Portfolio

9.11.5. Financial Performance (As per availability)

9.11.6 Key News

9.12 AeroVironment Inc., (U.S.)

9.12.1. Company Overview

9.12.2. Key Executives

9.12.3. Operating Business Segments

9.12.4. Product Portfolio

9.12.5. Financial Performance (As per availability)

9.12.6 Key News

9.13 Other Players

9.13.1. Company Overview

9.13.2. Key Executives

9.13.3. Operating Business Segments

9.13.4. Product Portfolio

9.13.5. Financial Performance (As per availability)

9.13.6 Key News

Global Unmanned Aerial Vehicle (UAV) Market Segmentation

Unmanned Aerial Vehicle (UAV) by Technology: Market Size & Forecast 2024-2032

• Remotely Operated
• Semi-autonomous
• Fully-autonomous

Unmanned Aerial Vehicle (UAV) by System Analysis: Market Size & Forecast 2024-2032

• UAV Airframe
• UAV Payloads
• UAV Avionics
• UAV Propulsion
• UAV Software

Unmanned Aerial Vehicle (UAV) by Application: Market Size & Forecast 2024-2032

• Military
• Commercial
• Recreational

Unmanned Aerial Vehicle (UAV) by Geography: Market Size & Forecast 2024-2032

• North America (USA, Canada, Mexico)
• Europe (Germany, UK, France, Russia, Italy, Rest of Europe)
• Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)
• South America (Brazil, Argentina, Columbia, Rest of South America)
• Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)

Major Players:

• DJI (China)
• Parrot (France)
• Yuneec (China)
• 3D Robotics (U.S.)
• Go Pro (U.S.)
• Holy Stone (Taiwan)
• Autel Robotics (U.S.)
• Sense Fly (Switzerland)
• Kesper Drone (U.S.)
• Hexagon (Sweden)
• Delair (France)
• AeroVironment Inc., (U.S.)
• Other Players