Unmanned Aerial Vehicle Market Size, Share, Growth Analysis, By Point of Scale, By System, By Platform, By Function, By Industry, By Application, By Type, By Operation Mode, By MTOW, By Range, By Region - Industry Forecast 2025-2032

Global Unmanned Aerial Vehicle Market size was valued at USD 23.6 billion in 2022 and is poised to grow from USD 27.3 billion in 2023 to USD 75.7 billion by 2031, growing at a CAGR of 13.6% during the forecast period (2024-2031).

The industry is fragmented as a result of the presence of a sizable number of small and mid-sized businesses. Along with joint ventures and product launches, they are focused on capacity growth to gain a competitive edge. The major players in the unmanned aerial vehicle market are General Atomics (US), Northrop Grumman Corporation (US), EHang (China), Parrot (France), Precision Hawk (US), Israel Aerospace Industries Ltd. (Israel),  DJI Technology Co., Ltd. (China), AeroVironment, Inc. (US), Lockheed Martin Corporation (US). 'DJI (Da-Jiang Innovations Science and Technology Co.) (China) ', 'General Atomics Aeronautical Systems, Inc. (GA-ASI) (United States) ', 'Northrop Grumman Corporation (United States) ', 'Boeing (United States) ', 'Lockheed Martin Corporation (United States) ', 'Textron Inc. (United States) ', 'AeroVironment, Inc. (United States) ', 'Parrot SA (France) ', 'Israel Aerospace Industries (IAI) (Israel) ', 'SZ DJI Technology Co., Ltd. (China) ', 'Thales Group (France) ', 'Aerodyne Group (Malaysia) ', 'Yuneec International Co. Ltd. (China) ', 'Autel Robotics (China) ', 'FLIR Systems, Inc. (United States) ', 'GoPro, Inc. (United States) ', 'PrecisionHawk Inc. (United States) ', 'Intel Corporation (United States) ', 'Microdrones GmbH (Germany) ', 'senseFly SA (Switzerland)'

For more than ten years, military forces from several nations have used drones. The most well-known one is the Predator UAV. At the moment, ground forces frequently employ small drones. It is projected that military spending on UAV technology would increase as a proportion of overall military budgets, providing growth prospects for specialised drone manufacturers and software developers. The MQ-4 Reaper, MQ-1B Predator, QF-4 Aerial Target, RQ-4 Global Hawk, AeroVironment Wasp AE, RQ-1 Predator, BQM-155 Hunter, CL-289 Piver, etc. are a few typical examples of military drones or UAVs.

Raw The growing need for UAVs in military applications is anticipated to drive the market's expansion. Drones have been employed by armed forces from several nations for more than ten years. The most popular UAV is the Predator. Small drones are presently used often by ground forces. Small- and large-scale drone technology is now being developed by hundreds of firms, and both state- and non-state actors are attempting to integrate drones into their military plans.

Due to the rising territorial disputes, insurrections, and subsequent demand for unmanned systems to operate ISR missions, objective acceptance, damage assessment, and associated operations, North America dominates the unmanned aerial vehicle industry in 2021. The use of UAVs for warfare purposes in unstable areas is expanding profitably. Additionally, the region's unmanned aerial vehicle industry is expanding due to the growing acceptance of UAVs for commercial uses.