The report provides an in-depth analysis of the competitive landscape, along with company profiling of key players involved in the global Unmanned Aerial Vehicle (UAV) market.s projected to be worth USD 56.18 Billion by 2027, according to a current analysis by Emergen Research. The market for unmanned aerial vehicle (UAV) market is observing high demand attributed to the rising deployment of unmanned aerial vehicles in intelligence, surveillance, and reconnaissance (ISR) in the military defense sector.
The rising deployment of unmanned aerial vehicles (UAVs) in harsh hazardous environments is one of the significant factors influencing the market growth.
The number of war field casualties’ may be considerably reduced by deploying surveillance and reconnaissance robots to fetch the area layout and associated hostile elements. Unmanned aerial vehicles possess the ability to endure harsh terrain, triangulate enemy sites, sense toxic atmospheres, and accomplish numerous other missions that may be perilous to humans. After 9/11, the ISR operations active in Iraq and Afghanistan emphasized counter-terrorism and counter-insurgency, and the military had the freedom to operate drones unregulated in these nations.
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Some Key Highlights from the Report
- In May 2020, Thales Group and Skyports entered into a partnership agreement to conduct a trial for urgent medical cargo delivery, comprising PPE and COVID-19 rapid test kits between remote and distant medical centers by drones (UAVs).
- Unmanned aerial vehicles (UAVs) are beneficial in the reduction of risk through value-adding activities, comprising reconnaissance and performing offensive strikes.
- Beyond the visual line of sight, unmanned aerial vehicles (UAVs) are considered advantageous in the collection of a large amount of data in fewer deployments. Besides, deploying a UAV is cost-effective as compared to various traditional methods, including manned helicopters.
- The unmanned aerial vehicle market in the Asia Pacific region is projected to grow at the fastest rate in the forecast period. China, in terms of revenue, contributed to the largest military unmanned aerial vehicle market share attributed to increased investment in the military defense sector. Also, the application of UAVs in the region has witnessed a surging demand for commercial goods delivery and law enforcement.
- Key participants include Elbit Systems, Aerovironment, Boeing, Thales Group, 3D Robotics, BAE Systems, Airbus, Northrop Grumann Corporation, Israel Aerospace Industries, and Textron, among others.
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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 (MTOW), system, application, end-user, and region:
- Product Type Outlook (Revenue, USD Billion; 2017-2027)
- Small UAVs
- Strategic Tactical UAVs
- Special Purpose UAVs
- Wing Type Outlook (Revenue, USD Billion; 2017-2027)
- Fixed Wing
- Rotary Wing
- Operation Mode Outlook (Revenue, USD Billion; 2017-2027)
- Remotely Piloted
- Optionally Piloted
- Fully Autonomous
- 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
- 170 Kg
- System Outlook (Revenue, USD Billion; 2017-2027)
- Platforms
- Payloads
- Data Links
- Ground Control Stations
- Launch Recovery Systems
- Application Outlook (Revenue, USD Billion; 2017-2027)
- Intelligence, Surveillance, and Reconnaissance (ISR)
- Combat Support
- Search and Rescue
- Transportation
- Explosive Ordnance Disposal (EOD)
- Surveying Mapping
- Firefighting
- Traffic Management
- Warehousing
- Others
- End-User Outlook (Revenue, USD Billion; 2017-2027)
- Military Defense
- Commercial
- Government Law Enforcement
- Consumers
Regional Outlook: (Revenue, USD Billion; 2018-2028)
North America (U.S.) (Canada) (Mexico)
Europe (Germany) (UK) (France) (BENELUX) (Rest of Europe)
Asia Pacific (China) (Japan) (South Korea) (Rest of APAC)
Latin America (Brazil) (Rest of LATAM)
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