The escalating deployment of unmanned aerial vehicles (UAVs) in complex and hazardous environments, extended defense budget, and growing deployment of UAVs in counter-terrorism are stimulating the market growth.
The global Unmanned Aerial Vehicle (UAV) Market is expected to be valued at USD 56.18 Billion in 2027 from USD 19.22 Billion in 2019, registering a CAGR of 14.3% through the forecast period. The market for an unmanned aerial vehicle (UAV) is observing exponential growth due to the increasing deployment of UAVs in the intelligence, surveillance, and reconnaissance (ISR) in the military and defense departments.
The escalating number of causalities in the war field can be drastically reduced through the deployment of surveillance and reconnaissance robots to assess the layout of the areas and associated hostile situations. Unmanned aerial vehicles are capable of working in challenging locations, evaluate and locate enemy sites, measure toxic atmospheres, and accomplish other missions that can be dangerous to the military personnel. The UAVs are making a significant impact on military deployment with a wide range of benefits, such as increasing usage of the technology to facilitate easy data integration.
The UAVs can also monitor long-range missile threats, protect military personnel in combat-heavy zones, support communication in the low-bandwidth region, and improve operational intelligence to provide situational awareness. This is further boosting the adoption of UAVs in the projected timeline. However, the implementation of stringent regulatory policies for the deployment of unmanned aerial vehicles (UAVs) can potentially impede market growth.
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Key Highlights from the Report:
Unmanned aerial vehicles (UAVs) are extensively useful in reducing the risks via value-added activities that include surveillance and carrying out offensive strikes.
The small UAVs sub-segment is projected to account for a considerable share of the market owing to their increased ability to make the combat zones safer for humans. The segment accounted for a 49.0% share in 2019.
Unmanned aerial vehicles confer benefits such as gathering a significant amount of data in lesser deployments. Moreover, the deployment of a UAV is radically cost-effective compared to the conventional methods, such as manned helicopters.
Fully autonomous UAVs are projected to expand at a significantly high CAGR of 16.5% in the projected timeframe owing to their increased ability to locate and fire on the target without needing human intervention. These autonomous UAVs can also replace the human soldiers in dangerous missions and are extensively deployed in civilian areas to perform ground surveillance and improve military raids in urban areas.
The Asia Pacific Market is estimated to expand at a considerably high CAGR in the projected period. This can be accredited to the rising application of UAVs in the commercial goods delivery and law enforcement sectors. Furthermore, the increasing investment and funding for the development of military and defense agencies in China and India are further fueling the regional growth.
Key companies in the global market include Elbit Systems, Boeing, Aerovironment, Thales Group, BAE Systems, 3D Robotics, Airbus, Textron, Northrop Grumman Corporation, and Israel Aerospace Industries, among others.
In May 2020, Thales and Skyports signed a partnership agreement to conduct a trial for an emergency medical cargo delivery carried out by drones carrying PPE and COVID-19 rapid tests between remote and distant medical facilities.
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For the purpose of this report, Emergen Research has segmented the global Unmanned Aerial Vehicle (UAV) Market on the basis of product type, wing type, operation mode, range, maximum takeoff weight, system, application, end-user, and region:
Unmanned Aerial Vehicle (UAV) Market Product Type Outlook (Revenue, USD Billion; 2017-2027)
Strategic & Tactical UAVs
Special Purpose UAVs
Wing Type Outlook (Revenue, USD Billion; 2017-2027)
Operation Mode Outlook (Revenue, USD Billion; 2017-2027)
Range Outlook (Revenue, USD Billion; 2017-2027)
Visual Line of Sight
Extended Visual Line of Sight
Beyond Line of Sight
Maximum Takeoff Weight (MTOW) Outlook (Revenue, USD Billion; 2017-2027)
< 25 Kg
25 – 170 Kg
System Outlook (Revenue, USD Billion; 2017-2027)
Ground Control Stations
Launch & Recovery Systems
Unmanned Aerial Vehicle (UAV) Market Application Outlook (Revenue, USD Billion; 2017-2027)
Intelligence, Surveillance, and Reconnaissance (ISR)
Search and Rescue
Explosive Ordnance Disposal (EOD)
Surveying & Mapping
Unmanned Aerial Vehicle (UAV) Market End-User Outlook (Revenue, USD Billion; 2017-2027)
Military & Defense
Government & Law Enforcement
Unmanned Aerial Vehicle (UAV) Market Regional Outlook (Revenue, USD Billion; 2017-2027)
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of APAC
- Latin America
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- Rest of MEA
Table of Content
Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.4. Research Sources
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Key Insights
Chapter 4. Unmanned Aerial Vehicle (UAV) Market Segmentation & Impact Analysis
Chapter 5. Unmanned Aerial Vehicle (UAV) Market By Product and Services Insights & Trends Revenue (USD Million)
Chapter 6. Unmanned Aerial Vehicle (UAV) Market By End User Insights & Trends Revenue (USD Million)
Chapter 7. Unmanned Aerial Vehicle (UAV) Market Regional Outlook
Chapter 8. Competitive Landscape
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