Global Unmanned Commercial Aerial Vehicles Market Value Expected To Reach $2.25 Billion By 2023

Global Unmanned Commercial Aerial Vehicles Market Value Expected To Reach $2.25 Billion By 2023

“Unmanned Commercial Aerial Vehicles Market Global Report 2020: COVID-19 Growth And Change”

Parrot Is One Of The Largest Players In The Unmanned Commercial Aerial Vehicles Market, According To The Business Research Company’s Unmanned Commercial Aerial Vehicles Market Global Report 2020-30: COVID-19 Growth and Change.

(Companies Covered: AeroVironment Inc., BAE Systems, DJI, Elbit Systems, General Atomics, Israel Aerospace Industries, Lockheed Martin Corporation, Northrop Grumman, Parrot SA, Textron Inc.)

The global unmanned commercial aerial vehicle market is expected to grow from $1.18 billion in 2019 to $1.38 billion in 2020 at a compound annual growth rate (CAGR) of 17.53%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and reach $2.25 billion in 2023 at CAGR of 17.54%.

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The market for unmanned commercial aerial vehicle consists of sales of unmanned commercial aerial vehicles, which are miniature pilotless aircrafts including remotely piloted aerial vehicles and unpiloted aerial vehicles, controlled to carry small payloads, perform delivery and minor services, commercial inspections and operations such as photography and videography. The market consists of revenue generated by the companies manufacturing the unmanned commercial aerial vehicles by the sales of these products.

Global Unmanned Commercial Aerial Vehicles Market Segmentation –
The unmanned commercial aerial vehicles market covered in this report is segmented
1) By Segment: Fixed-Wing UAVs, Multi-Rotor Aerial Vehicles, Rotary Blade Type UAV
2) By End-User: Agriculture, Energy, Public utilities, Construction, Media and Entertainment, Government, Others

Global Unmanned Commercial Aerial Vehicles Market Drivers –

Increasing applications of unmanned aerial vehicles (UAVs) in commercial sectors contributed to the growth of the unmanned commercial aerial vehicle market. Faster delivery of goods and increasing transportation of products such as small packages, food, medical supplies, etc. has great significance in the commercial sector. The commercial usage of UAVs in various industries such as agriculture, mining, security and law enforcement, journalism, and media & entertainment for various tasks such as surveys, maintenance operations, long-range sensing, aerial photography, inspecting of damaged assets, monitoring crops, collecting soil data and other high risk and dangerous operations has increased. Increased applications in diverse fields with extraordinary advantages drive the unmanned commercial aerial vehicles market.

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A Few Points From The Global Unmanned Commercial Aerial Vehicles Market ToC
1. Executive Summary
2. Unmanned Commercial Aerial Vehicles Market Characteristics
3. Unmanned Commercial Aerial Vehicles Market Size And Growth
3.1. Global Unmanned Commercial Aerial Vehicles Historic Market, 2015 – 2019, $ Billion
3.1.1. Drivers Of The Market
3.1.2. Restraints On The Market
3.2. Global Unmanned Commercial Aerial Vehicles Forecast Market, 2019 – 2023F, 2025F, 2030F, $ Billion
3.2.1. Drivers Of The Market
3.2.2. Restraints On the Market
4. Unmanned Commercial Aerial Vehicles Market Segmentation
5. Unmanned Commercial Aerial Vehicles Market Regional And Country Analysis
5.1. Global Unmanned Commercial Aerial Vehicles Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
5.2. Global Unmanned Commercial Aerial Vehicles Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

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