Global Unmanned
Aerial Vehicle Market is projected at USD 27.5 Million in the year 2021 and
is expected to reach USD 78.19 Billion by 2028, with a CAGR of 16.1% over the
analysis period.
The drone is another name for an
unmanned aerial vehicle (UAV). It's an aerial device or aircraft that can be
controlled remotely by a human or autonomously by an onboard computer. The North
Eastern Space Applications Center (NE-SAC) has added unmanned aerial
vehicle-based remote sensing (UAV-RS) to its capabilities for large-scale
mapping and real-time evaluation and monitoring of diverse applications. Unmanned
aerial vehicles are employed for a variety of purposes, including payload
transfer, traffic monitoring, transporting goods in potentially dangerous
locations, and surveillance. Its primary applications are in the defense and
commercial sectors. In these applications, using an unmanned aerial vehicle
necessitates establishing a viable and appropriate trajectory for the vehicle's
movements.
In military use, this technology has been introduced for hazardous combat missions with no risk to human life. Unmanned aerial vehicles (UAVs) are outfitted with missiles that can strike specified targets at high altitudes. However, its applications in commercial, scientific, recreational, and other public activities have swiftly developed. They're utilized in disaster response and forest monitoring to collect vast amounts of data. Consumer drones are now largely utilized for aerial mapping, surveying, and filmmaking.
Market
Dynamics and Factors:
The growing use of unmanned aerial
vehicles in industries like mining, oil & gas, telecommunications, and
retail is likely to have an impact on market growth. Moreover, the market is
likely to benefit from the expanding drone trend over the forecast period. The
global Unmanned Aerial Vehicle market is predicted to grow significantly during
the forecast period as more drones are used in transportation and logistics,
inspection, surveying, and agricultural spraying. The relevance of gadgets in
the industrial field is perhaps another major cause to boost demand in the
predicting era. Furthermore, as international border disputes become more
intense, the market for unmanned aerial vehicles is projected to benefit. Most
sectors have registered to use drones to collect vast amounts of data to make
strategic judgments. Its numerous uses, including construction, mining, oil
& gas, and agriculture, have become the fastest-growing markets in the
commercial sector around the world. Due to the substantial commercial use of
mapping, observation, surveying, and inspection studies, the construction
industry is projected to present a significant opportunity for market
expansion.
Unmanned Aerial Vehicle Market Report Highlight:
·
By Wing Type, the Fixed-wing segment is likely to dominate
the Unmanned Aerial Vehicle Market. Intact parts and less moving mechanicals
boost the capabilities and reduce the mechanical malfunction which boosted the
demand for Unmanned Aerial Vehicle Market.
·
By Operation Mode, the Remotely Piloted segment dominates the
Unmanned Aerial Vehicle Market. Currently, UAV drones are operated by highly
trained personnel to reduce errors and increase efficiency. Since fully autonomous
UAVs are yet to develop, remotely operated UAV dominates the market.
·
By Application, Intelligence, Surveillance, and
Reconnaissance segment dominate the Unmanned Aerial Vehicle Market. Rising
cross-border disputes in the middle east, and northern Asia generating the
demand for UAV Market.
· By End User, the Military and Defense segment dominates the Unmanned Aerial Vehicle Market. The rising use of UAVs in the disputed areas for surveillance and monitoring gave the edge to the military for mentioning capabilities without risking the soldier.
Major Key Players
for Unmanned
Aerial Vehicle Market:
·
Boeing
·
PARROT
·
Titan Aerospace
·
AAI
·
Northrop Grumman
·
IAI
·
Dynali helicopters
·
BAE System
·
SAGEM
·
3DR
·
FED
·
SUKHOL
·
Dassault Aviation
·
SenseFly Ltd
·
Schiebel
·
AEE
·
BDStar
·
Shenzhen Sunshine laser & electronics technology
·
Wuhan Guide Infrared
·
DJI
·
Wuxi Hanhe Aviation Technology
·
Yamaha
·
ZERO TECH
·
PowerVision
·
Zhonghang wisdom science and technology
·
DEA General Aviation
Unmanned Aerial Vehicle Market
Segmentation:
By Wing
Type
·
Fixed Wing
·
Rotary Wing
By Applications
·
Intelligence, Surveillance, and Reconnaissance
·
Combat Support
·
Search and Rescue
·
Transportation
·
Explosive Ordnance Disposal (EOD)
·
Surveying and Mapping
·
Firefighting
·
Traffic Management
·
Warehousing
· Others
Reasons to Purchase this Market Report:
·
Market
forecast analysis through recent trends and SWOT analysis
·
Unmanned
Aerial Vehicle Market Dynamics Scenarios with Market Growth Opportunities over
the Next Year
·
Market
segmentation analysis, including qualitative and quantitative studies that
include economic and non-economic impacts
·
Unmanned
Aerial Vehicle Market Regional and country-level analysis that integrates
demand and supply forces that impact the growth of the market.
·
Competitive
environment related to the Unmanned Aerial Vehicle market share for key
players, along with new projects and strategies that players have adopted over
the past five years
Scope of the Report:
The report encompasses the entire analysis of market size in
previous years for major segments and countries, as well as future estimates.
The Unmanned
Aerial Vehicle Market study looks deeply into the
worldwide market's competitive landscape. The study also provides the names of
key market players and the methods they used to gain a dominant position in the
industry. It also includes useful market insights, dynamics and factors, and
market analysis techniques such as PESTEL analysis, PORTER's Five Forces
analysis, value chain analysis, SWOT analysis, BCG matrix, and Ansoff matrix.