The Global Unmanned Aerial Vehicles (UAV) Market is estimated to reach USD 36.2 Billion in 2024 at a CAGR of 14.69%. Increase use of UAVs in commercial & civil application, Preference of UAVs in critical military missions, and increased usage in search and rescue operation and less expensive as compared to manned aircrafts is expected to drive the UAV market during the forecast period. However, strict regulations governing the commercial usage of drones in major countries is expected to restrain the market during the forecast period. Boost in defense budget of major economies, potential usage as a cargo delivery method and can be accessed by a wide range of end-users is expected to become an opportunity for UAV market.

The report sheds light on the key drivers and challenges affecting the growth of the Unmanned Aerial Vehicles (UAV) market. Alerting trends are also evaluated and included in the Unmanned Aerial Vehicles (UAV) market report to provide the readers with detailed information about the market, aiding them in taking smart decisions. Macroeconomic factors that are affecting the growth of the Unmanned Aerial Vehicles (UAV) market are also included in the report.

Unmanned aerial vehicles (UAV) is an air bone system or an aircraft operated remotely by a human operator or autonomously based on pre-programmed flight plans. UAVs can be controlled by on-board electronic equipment’s or via control equipment from the ground. UAVs are used for observation and tactical planning. Some key players in UAV are 3D Robotics, Inc., AeroVironment, Inc., Airbus S.A.S., BAE Systems. and DJI among others.

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Unmanned Aerial Vehicles (UAV) Market Report Synopsis

This market research report offers a comprehensive analysis of key market trends in the global UAV market. It includes detailed discussion on historical market trends, current market dynamics, consumer landscape, growth opportunities and challenges backed by factful feedbacks. Based on components, the UAV market can be segmented into UAV LiDAR, UAV gimbals, UAV radar, UAV data links, UAV ground control stations, UAV launch & recovery systems, UAV sensors and others. The segmentation by type includes fixed-wing, multi–rotor, single-rotor helicopter and fixed-wing hybrid VTOL. The segmentation by range includes very close range UAVs, close range UAVs, short range UAVs, mid-range UAVs and endurance UAVs. The segmentation by end-user includes agriculture, construction, defence & security, transportation and warehousing, energy, mining, oil & gas extraction, media & entertainment, wildlife & forestry and others. The regional analysis is covered under five major regions such as North America, South America, Europe, Asia-Pacific, Middle East & Africa and South America, with individual country-level analysis.

Unmanned Aerial Vehicles (UAV) Market Report Scope

The report on the UAV market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.

Companies Covered

• 3D Robotics, Inc. (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)
• AeroVironment, Inc.
• Airbus S.A.S.
• BAE Systems.
• DJI
• ECA GROUP
• EHANG
• Elbit Systems Ltd.,
• FLIR Systems, Inc.
• General Atomics.
• Other Key Companies

Unmanned Aerial Vehicles (UAV) Market: Report Segmentation

For the scope of report, In-depth segmentation is offered by Forencis Research

Unmanned Aerial Vehicles (UAV) Market by Components

• UAV LiDAR
• UAV Gimbals
• UAV Radar
• UAV Data Links
• UAV Ground Control Stations
• UAV Launch & Recovery Systems
• UAV Sensors
• Others

Unmanned Aerial Vehicles (UAV) Market, by Type

• Fixed-Wing
• Multi-Rotor
• Single-Rotor Helicopter
• Fixed-Wing Hybrid VTOL

Unmanned Aerial Vehicles (UAV) Market, by Range

• Very Close Range UAVs
• Close Range UAVs
• Short Range UAVs
• Mid-Range UAVs
• Endurance UAVs

Unmanned Aerial Vehicles (UAV) Market, by End User Industry

• Agriculture
• Construction
• Defense & Security
• Transportation and Warehousing
• Energy
• Mining, Oil & Gas Extraction
• Media & Entertainment
• Wildlife & Forestry
• Others

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 Unmanned Aerial Vehicles (UAV) Market, by Region

Asia-Pacific

• China
• India
• Japan
• South Korea
• Australia
• Rest of Asia-Pacific

North America

• US
• Canada
• Mexico

Europe

• Germany
• UK
• France
• Italy
• Russia
• Rest of Europe
• Middle East
• UAE
• Saudi Arabia
• Rest of Middle East

South America

• Brazil
• South Africa
• Rest of South America

Key Questions answered by the report

• What are the major developments impacting the UAV market and its growth?
• What will be the effects of the developments in the UAV market on the industry and on the market players in the near and far future?
• What are the evolving types of the UAV market?
• What are the evolving applications of UAV market?
• What are the major characteristics that will affect the UAV market growth during the study period?
• Who are the key players operating in the UAV market?
• How are the major players leveraging in the existing market conditions?

Report Audience

• UAV Market Providers
• UAV Market Solution and Services Suppliers, Distributors and Dealers
• End-Users of Varied Segments of UAV Market
• Government Bodies and Intellectual Institutions
• Associations and Industrial Organizations
• Research & Consulting Service Providers
• Research & Development Organizations
• Investment Banks & Private Equity Firms

 Research Design

Forencis Research follows robust and deep dive research methodologies to deliver accurate – current, estimated and forecasted market data. Our extensive primary and secondary research help in deriving reliable qualitative and quantitative data to provide verified market insights. Our research team tracks historic trends, existing and recent market dynamics, growth prospects, competitor landscape, and the entire value chain dynamics to attain reliable industry facts to reach accurate market estimates. Primary research is conducted through thorough interviews and detailed surveys with the Key Industry Experts and related participants across the value chain. Secondary research entails acquiring data through paid and reliable databases such as annual reports, SEC filings, research publications, association publications, investor presentations, white papers and other sources. All the above-obtained information is further processed and collated with our existing database prior to its presentation in our publications.

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