USD 5434.82 million
Report ID:
SQMIG45F2099 |
Region:
Global |
Published Date: February, 2024
Pages:
265
|Tables:
103
|Figures:
76
Unmanned Helicopter Market size was valued at USD 5434.82 million in 2019 and is poised to grow from USD 6087 million in 2023 to USD 16879.73 million by 2031, growing at a CAGR of 12% in the forecast period (2024-2031).
A helicopter that is unmanned lacks a pilot, a crew, or any occupants who are human. These are weather-resistant, capable of transporting numerous payloads, and capable of providing agencies with real-time information. They have a network of satellite communications that enables them to conduct operations even in far-off places. For a competitive edge in the unmanned helicopter market, major competitors frequently invest considerably in R&D for new improvements. A ground-based controller and a communications system are included with an unmanned helicopter (UAV). A human operator can use a remote to control an unmanned helicopter's flight, exactly like they would with a remote-control aircraft. To combat the growing inter-country instability, governments have raised their defence spending. Military missions and the delivery of lethal or nonlethal cargo were the original purposes for unmanned helicopter development. In order to combat the rising regional instability, developed and emerging economies are implementing more sophisticated unmanned helicopter defence systems.
Unmanned systems are being employed more frequently in the current pandemic crisis to support the provision of medical, personal protective equipment (PPE), and health kits, which is fueling market growth. The pandemic's onset has also influenced governments' decisions to execute a number of contracts with various businesses to acquire unmanned helicopters for surveillance. The epidemic has caused significant economic losses owing to employment losses, which immediately impacted government revenues and led to a sharp reduction in the defence budget, having a significant negative influence on the global market for unmanned helicopters.
US Unmanned Helicopter Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 5434.82 million
Largest Segment
Medium
Fastest Growth
Medium
Growth Rate
12% CAGR
To get more reports on the above market click here to Buy The Report
Global Unmanned Helicopter Market is segmented based on Product, Application, and Region. Based on Product the Unmanned Helicopter Market is further sub segmented into Small and Medium, Based on Application the Unmanned Helicopter Market is segregated into Military (ISR, Combat, Search & Rescue, Transportation, Naval Support, and Border Support), Government agency (Planning, Inspection, Surveying, Public Safety, and Search & Rescue), and industrial (planning, surveying, and inspection. Based on Region the Unmanned Helicopter Market is further sub segmented into North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America.
Unmanned Helicopter Market Analysis by Product
The small product segment is expected to experience the greatest CAGR of 12.86%. A camera, avionics, sensors, and a battery powering the rotor can all be carried by the small rotorcraft's basic cargo, which can weigh up to 21 lbs. Around the world, unmanned rotorcraft are frequently employed for air transportation applications. Applications such as aerial photography, imaging, and monitoring frequently employ unmanned helicopters and other rotary vehicles, as well as medium-sized drones outfitted with cutting-edge technology. The medium-sized unmanned rotorcraft can transport a hefty payload of up to 55 lbs, making it ideal for air transport, restaurant delivery, the transportation of supplies for medical facilities, and the provision of emergency help in many nations.
Unmanned Helicopter Market Analysis by Application
Throughout the projected period, the government agency is estimated to keep a commanding market share. The domination is a result of expanding airport, train, and metro infrastructure initiatives in numerous nations throughout the world. Due to the rising industrialization and urbanisation activities in developed and developing nations, the industrial application is expected to increase at a considerable CAGR during the forecast period. Due to this, demand for unmanned rotorcraft for aerial photography applications will increase globally. For aerial image mapping, LIDAR software is frequently used to identify and calculate the distance to an item or surface using an optical source.
The GPS and GIS system additionally offer geo-referencing for each scan point. In every industry, aerial surveillance is often employed to keep an eye on accident scenes or restoration efforts. Aerial vehicles are widely used in infrastructure such as railroads, gas and oil pipelines, digital elevation models, and surface model production. During the forecast period, it is expected that these factors will fuel market expansion.
To get detailed analysis on other segments, Request For Free Sample Report
The Unmanned Helicopter Market in North America, which had a value of USD 1,737.7 million in 2021, is expected to be the largest worldwide. This dominance can be attributed to the rising demand for unmanned rotorcraft and other drones for a variety of uses throughout the region, including aerial photography, surveying, field mapping, and wildlife monitoring.
Developing cutting-edge air transport systems is a key component of the rising notion of air transportation and logistics solutions offered by businesses like UPS, Uber, Zipline, and DHL. The new products were created specifically to meet the increased demand for food, medications, and cargo in the US and Canada over the coming years. Additionally, the presence of suppliers and manufacturers in the US and Canada, like Flir, Northrop, and AeroVironment, is expected to favour the expansion of the market in those countries. Due to the rising demand for aerial vehicles for security forces, naval forces, and border patrolling purposes, the market in Europe is predicted to develop at a moderate CAGR.
Due to the rising military spending of various nations, the market in the Asia Pacific is expected to rise strongly in the years to come. Additionally, the market participants are investing heavily in product development, which will increase demand for unmanned rotorcraft goods. Due to the existence of a severely underserved market, South America and the Middle East & Africa accounted for a comparably lower market share for unmanned helicopters.
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Unmanned Helicopter Market Driver
Unmanned Helicopter Market Restraint
Request Free Customization of this report to help us to meet your business objectives.
The dominance of these firms can be attributed to their comprehensive wireless product range of hardware, software solutions, and equipment, as well as considerable expenditure on R&D and strategic acquisitions. These businesses are pursuing a variety of growth methods, including mergers and collaborations.
Unmanned Helicopter Market Top Player's Company Profiles
Unmanned Helicopter Market Recent Development
In April 2021, The capabilities of Israel's Steadicopter's BLACK EAGLE 50, a compact unmanned robotic helicopter, were on display. A robotic observation system with vertical takeoff and landing (VTOL) capabilities, the Black Eagle 50 can hover steadily for up to 4 hours. It is intended for cellular and Wi-Fi intelligence detection, gathering, and monitoring.
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected using Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, the small product segment dominated the global Unmanned Helicopter Market in 2021 and is expected to maintain its dominance throughout the forecast period. In 2021, North America dominated the global Unmanned Helicopter Market owing to the region's highly aware and becoming a crucial component of military operations.
Report Metric | Details |
---|---|
Market size value in 2019 | USD 5434.82 million |
Market size value in 2031 | USD 16879.73 million |
Growth Rate | 12% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Million |
Segments covered |
|
Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
|
Customization scope | Free report customization with purchase. Customization includes:-
|
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Unmanned Helicopter Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Unmanned Helicopter Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Unmanned Helicopter Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Unmanned Helicopter Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.
Report ID: SQMIG45F2099
sales@skyquestt.com
USA +1 351-333-4748