Unmanned Aerial Vehicle (UAV) Market Size, Share, Trend & Growth Forecast to 2024
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.
Forencis Research in its report titled, “Unmanned Aerial Vehicles (UAV) Market Size, Share, Industry – Global Forecast from 2019 To 2024,” offers comprehensive insights and detailed research on the global Unmanned Aerial Vehicles (UAV) market over the forecast period 2019 – 2024. The report covers the key factors that are propelling the growth of the Unmanned Aerial Vehicles (UAV) market, untapped lucrative opportunities for manufacturers, latest trends and latest developments that are shaping the growth of the market and other valuable insights across different market segments.
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.
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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.
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.
- 3D Robotics, Inc. (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)
- AeroVironment, Inc.
- Airbus S.A.S.
- BAE Systems.
- ECA GROUP
- 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
Unmanned Aerial Vehicles (UAV) Market, by Type
- 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
- Defense & Security
- Transportation and Warehousing
- Mining, Oil & Gas Extraction
- Media & Entertainment
- Wildlife & Forestry
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Unmanned Aerial Vehicles (UAV) Market, by Region
- South Korea
- Rest of Asia-Pacific
- Rest of Europe
- Middle East
- Saudi Arabia
- Rest of Middle East
- 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?
- 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
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