Unmanned Aerial Vehicle Market Size, Share, Growth Analysis, By End-Use(Military, Public Safety & Security, Agriculture, Insurance), By Type(Fixed Wing, Rotary Wing), By Application(Military, Commercial, Government & Law Enforcement, Consumer), By Region - Industry Forecast 2024-2031

Q: What is the global market size of Unmanned Aerial Vehicle Market?

Global Unmanned Aerial Vehicle Market size was valued at USD 23.45 billion in 2021 and is poised to grow from USD 26.19 billion in 2022 to USD 70.91 billion by 2030, growing at a CAGR of 11.7% in the forecast period (2023-2030).

Report ID: SQSG25C2013 | Region: Global | Published Date: April, 2024
Pages: 165 | Tables: 98 | Figures: 76

Unmanned Aerial Vehicle Market News

In April 2021, a new DJI Air 2S was created by DJI. This little camera drone offers a comprehensive solution for successful flight. Not only does it include cutting-edge cameras, but it also has high-grade preprogrammed drug creation equipment.
In May 2021, to enable the secure operation of its high-altitude, long-endurance MQ-4C Triton autonomous system in shared airspace with manned aircraft, Northrop Grumman Corporation entered into an agreement with the US Navy. This agreement calls for the development of a prototype and the integration of sense and avoid (SAA) competencies.

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Unmanned Aerial Vehicle Market size was valued at USD 23.45 billion in 2019 and is poised to grow from USD 26.19 billion in 2023 to USD 70.91 billion by 2031, growing at a CAGR of 11.7% in the forecast period (2024-2031).

Unmanned Aerial Vehicle Market Top Players Company Profiles 'DJI (Da-Jiang Innovations Science and Technology Co.)', 'General Atomics Aeronautical Systems, Inc. (GA-ASI)', 'Northrop Grumman Corporation', 'Boeing', 'Lockheed Martin Corporation', 'Textron Inc.', 'AeroVironment, Inc.', 'Parrot SA', 'Israel Aerospace Industries (IAI)', 'SZ DJI Technology Co., Ltd.', 'Thales Group', 'Aerodyne Group', 'Yuneec International Co. Ltd.', 'Autel Robotics', 'FLIR Systems, Inc.', 'GoPro, Inc.', 'PrecisionHawk Inc.', 'Intel Corporation', 'Microdrones GmbH', 'senseFly SA'

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 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.

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Unmanned Aerial Vehicle Market Size, Share, Growth Analysis, By End-Use(Military, Public Safety & Security, Agriculture, Insurance), By Type(Fixed Wing, Rotary Wing), By Application(Military, Commercial, Government & Law Enforcement, Consumer), By Region - Industry Forecast 2024-2031

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