Unmanned Aerial Vehicle (UAV) Market Research Report

Unmanned Aerial Vehicle (UAV) Market Size By Class (Strategic & Tactical UAVs, Special-Purpose UAVs, Small UAVs), By Vertical (Commercial, Government & Law Enforcement, Consumer, Military), By Industry (Agriculture, Logistics & Transportation, Energy & Power, Construction & Mining, Wildlife & Forestry, Media & Entertainment, Insurance, Wildlife & Forestry, Academics & Research), By Type (Fixed-Wing VTOL UAVs, Fixed-Wing UAVs, Bicopters, Tricopters, Quadcopters, Octocopters, Rotary-Wing UAVs), By Range (Extended Visual Line of Sight UAVs, Beyond Line of Sight UAVs, Visual Line of Sight UAVs), By Mtow (25-170 Kilograms, >170 Kilograms, <25 Kilograms), By Region (North America, Europe, Asia-Pacific, Rest of the World), Market Analysis Report, Forecast

The UAV market is expected to be around US$ 69 billion by 2028 at a CAGR of 15.5% in given forecast period.

Purchase User License

MARKET SNAPSHOT

Major Players

  • Raytheon
  • General Atomics
  • Ehang
  • ECA Group
  • Turkish Aerospace Industry
  • Study period:

    2023-2028

    Base Year:

    2022

    CAGR:

    15

    Fastest Growing Market:

    APAC

    Largest Market:

    North America

    REPORT DESCRIPTION

    The UAV market is expected to be around US$ 69 billion by 2028 at a CAGR of 15.5% in given forecast period.

    UAV surveillance and monitoring are some of the important applications in military operations. Its implementation at the civilian level was at a nascent stage. However, in the current crisis, the demand for UAVs is growing for surveillance, public announcements, monitoring, and guiding local law enforcement. Also, UAVs mounted with ultraviolet cameras are also being positioned by various countries to measure body temperature. The overview of UAVs at this time of crisis is plummeting the risk of being dirtied with police officials and other staff, as it allows the surveillance of vast swathe of the area without physical intervention. Moreover, drones are also transforming how agriculture and farming are done. By implementing drone technology, farms and agriculture businesses can expand crop yields, save time, and make land management decisions that’ll expand long-term success. Agricultural workers are talented to gather data, automate redundant farming processes, and normally maximize efficiency. In a research capacity, drones have also been used to pollinate flowers, and could one day prove cooperative in compensating for the declining bee population.

    The global Unmanned Aerial Vehicle (UAV) market is segregated on the basis of Class as Strategic & Tactical UAVs, Special-Purpose UAVs, and Small UAVs. Based on Vertical the global Unmanned Aerial Vehicle (UAV) market is segmented in Commercial, Government & Law Enforcement, Consumer, and Military. Based on Industry the global Unmanned Aerial Vehicle (UAV) market is segmented in Agriculture, Logistics & Transportation, Energy & Power, Construction & Mining, Wildlife & Forestry, Media & Entertainment, Insurance, Wildlife & Forestry, and Academics & Research.

    Based on Type, the global Unmanned Aerial Vehicle (UAV) market is segmented in Fixed-Wing VTOL UAVs, Fixed-Wing UAVs, Bicopters, Tricopters, Quadcopters, Octocopters, and Rotary-Wing UAVs. The report also bifurcates the global Unmanned Aerial Vehicle (UAV) market based on Range in Extended Visual Line of Sight UAVs, Beyond Line of Sight UAVs, and Visual Line of Sight UAVs. The report also bifurcates the global Unmanned Aerial Vehicle (UAV) the global Mtow market is segmented in 25-170 Kilograms, >170 Kilograms, and <25 Kilograms.

    The global Unmanned Aerial Vehicle (UAV) market report provides geographic analysis covering regions, such as North America, Europe, Asia-Pacific, and Rest of the World. The Unmanned Aerial Vehicle (UAV) market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.

    Competitive Rivalry

    Raytheon, Ehang, ECA Group, Turkish Aerospace Industry, Yuneec, General Atomics, Northrop Grumman Corporation, Elbit Systems, Israel Aerospace Industries, Aerovironment, and others are among the major players in the global Unmanned Aerial Vehicle (UAV) market. The companies are involved in several growth and expansion strategies to gain a competitive advantage. Industry participants also follow value chain integration with business operations in multiple stages of the value chain.

    The Unmanned Aerial Vehicle (UAV) Market has been segmented as below:

    Unmanned Aerial Vehicle (UAV) Market, By Class

    • Strategic & Tactical UAVs
    • Special-Purpose UAVs
    • Small UAVs

    Unmanned Aerial Vehicle (UAV) Market, By Vertical

    • Commercial
    • Remote Sensing
    • Inspection & Monitoring
    • Product Delivery
    • Surveying & Mapping
    • Maintenance & Repair
    • Aerial Imaging
    • Industrial Warehousing
    • Others
    • Government & Law Enforcement
    • Border Management
    • Traffic Monitoring
    • Firefighting & Disaster Management
    • Search & Rescue
    • Police Operations & Investigations
    • Maritime Security
    • Consumer
    • Prosumers
    • Hobbyists
    • Military
    • Intelligence, Surveillance, and Reconnaissance (ISR)
    • Combat Operations
    • Battle Damage Management

    Unmanned Aerial Vehicle (UAV) Market, By Industry

    • Agriculture
    • Logistics & Transportation
    • Energy & Power
    • Construction & Mining
    • Wildlife & Forestry
    • Media & Entertainment
    • Insurance
    • Wildlife & Forestry
    • Academics & Research

    Unmanned Aerial Vehicle (UAV) Market, By Type

    • Fixed-Wing VTOL UAVs
    • Fixed-Wing UAVs
    • Bicopters
    • Tricopters
    • Quadcopters
    • Octocopters
    • Rotary-Wing UAVs
    • Multi Rotor UAVs

    Unmanned Aerial Vehicle (UAV) Market, By Range

    • Extended Visual Line of Sight UAVs
    • Beyond Line of Sight UAVs
    • Visual Line of Sight UAVs

    Unmanned Aerial Vehicle (UAV) Market, By Mtow

    • 25-170 Kilograms
    • >170 Kilograms
    • <25 Kilograms

    Unmanned Aerial Vehicle (UAV) Market, By Region

    • North America
    • Europe
    • Asia-Pacific
    • Rest of the World

    Unmanned Aerial Vehicle (UAV) Market, By Company

    • Raytheon
    • Ehang
    • ECA Group
    • Turkish Aerospace Industry
    • Yuneec
    • General Atomics
    • Northrop Grumman Corporation
    • Elbit Systems
    • Israel Aerospace Industries
    • Aerovironment

    The report covers:

    • Global Unmanned Aerial Vehicle (UAV) market sizes from 2021 to 2028, along with CAGR for 2023-2028
    • Market size comparison for 2022 vs 2028, with actual data for 2022, estimates for 2023 and forecast from 2024 to 2028
    • Global Unmanned Aerial Vehicle (UAV) market trends, covering comprehensive range of consumer trends & manufacturer trends
    • Value chain analysis covering participants from raw material suppliers to the downstream buyer in the global Unmanned Aerial Vehicle (UAV) market
    • Major market opportunities and challenges in forecast timeframe to be focused
    • Competitive landscape with analysis on competition pattern, portfolio comparisons, development trends and strategic management
    • Comprehensive company profiles of the key industry players

    Report Scope:

    The global Unmanned Aerial Vehicle (UAV) market report scope includes detailed study covering underlying factors influencing the industry trends.

    The report covers analysis on regional and country level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies.

    The report scope includes detailed competitive outlook covering market shares and profiles key participants in the global Unmanned Aerial Vehicle (UAV) market share. Major industry players with significant revenue share include Raytheon, Ehang, ECA Group, Turkish Aerospace Industry, Yuneec, General Atomics, Northrop Grumman Corporation, Elbit Systems, Israel Aerospace Industries, Aerovironment, and others.

    Reasons to Buy this Report:

    • Gain detailed insights on the Unmanned Aerial Vehicle (UAV) industry trends
    • Find complete analysis on the market status
    • Identify the Unmanned Aerial Vehicle (UAV) market opportunities and growth segments
    • Analyse competitive dynamics by evaluating business segments & product portfolios
    • Facilitate strategy planning and industry dynamics to enhance decision making

    Some of the recent developments in Unmanned Aerial Vehicle (UAV) Market are as follows:

    Aerovironment

    • 07-2020: AeroVironment, Inc is a global leader in Unmanned Aircraft Systems (UAS), declared the United States Army exercised the first of three options under the sole source Flight Control Systems domain of the Army’s multi-year small UAS.

    Customization

    Customized report as per the requirement can be offered with appropriate recommendations

    1. Introduction
        1.1 Key Insights
        1.2 Report Overview
        1.3 Markets Covered
        1.4 Stakeholders

     

    2. Research Methodology
        2.1 Research Scope
        2.2 Market Research Process
        2.3 Research Data Analysis
            2.4.1 Secondary Research
            2.4.2 Primary Research
            2.4.3 Models for Estimation
        2.5 Market Size Estimation
            2.5.1 Bottom-Up Approach – Segmental Market Analysis
            2.5.2 Top-Down Approach – Parent Market Analysis

     

    3. Executive Summary
     

     

    4. Market Overview
        4.1 Introduction
            4.2.1 Drivers
            4.2.2 Restraints
            4.2.3 Opportunities
            4.2.4 Challenges
        4.2 Porter’s Five Force Analysis
     

     

    5. Unmanned Aerial Vehicle (UAV) Market, By Class
        5.1 Introduction
        5.2 Strategic & Tactical UAVs
            5.2.1 Market Overview
            5.2.2 Market Size and Forecast
        5.3 Special-Purpose UAVs
            5.3.1 Market Overview
            5.3.2 Market Size and Forecast
        5.4 Small UAVs
            5.4.1 Market Overview
            5.4.2 Market Size and Forecast

     

    6. Unmanned Aerial Vehicle (UAV) Market, By Vertical
        6.1 Introduction
        6.2 Commercial
            6.2.1 Market Overview
            6.2.2 Market Size and Forecast
        6.3 Government & Law Enforcement
            6.3.1 Market Overview
            6.3.2 Market Size and Forecast
        6.4 Consumer
            6.4.1 Market Overview
            6.4.2 Market Size and Forecast
        6.5 Military
            6.5.1 Market Overview
            6.5.2 Market Size and Forecast

     

    7. Unmanned Aerial Vehicle (UAV) Market, By Industry
        7.1 Introduction
        7.2 Agriculture
            7.2.1 Market Overview
            7.2.2 Market Size and Forecast
        7.3 Logistics & Transportation
            7.3.1 Market Overview
            7.3.2 Market Size and Forecast
        7.4 Energy & Power
            7.4.1 Market Overview
            7.4.2 Market Size and Forecast
        7.5 Construction & Mining
            7.5.1 Market Overview
            7.5.2 Market Size and Forecast
        7.6 Wildlife & Forestry
            7.6.1 Market Overview
            7.6.2 Market Size and Forecast
        7.7 Media & Entertainment
            7.7.1 Market Overview
            7.7.2 Market Size and Forecast
        7.8 Insurance
            7.8.1 Market Overview
            7.8.2 Market Size and Forecast
        7.9 Wildlife & Forestry
            7.9.1 Market Overview
            7.9.2 Market Size and Forecast
        7.10 Academics & Research
            7.10.1 Market Overview
            7.10.2 Market Size and Forecast

     

    8. Unmanned Aerial Vehicle (UAV) Market, By Type
        8.1 Introduction
        8.2 Fixed-Wing VTOL UAVs
            8.2.1 Market Overview
            8.2.2 Market Size and Forecast
        8.3 Fixed-Wing UAVs
            8.3.1 Market Overview
            8.3.2 Market Size and Forecast
        8.4 Bicopters
            8.4.1 Market Overview
            8.4.2 Market Size and Forecast
        8.5 Tricopters
            8.5.1 Market Overview
            8.5.2 Market Size and Forecast
        8.6 Quadcopters
            8.6.1 Market Overview
            8.6.2 Market Size and Forecast
        8.7 Octocopters
            8.7.1 Market Overview
            8.7.2 Market Size and Forecast
        8.8 Rotary-Wing UAVs
            8.8.1 Market Overview
            8.8.2 Market Size and Forecast

     

    9. Unmanned Aerial Vehicle (UAV) Market, By Range
        9.1 Introduction
        9.2 Extended Visual Line of Sight UAVs
            9.2.1 Market Overview
            9.2.2 Market Size and Forecast
        9.3 Beyond Line of Sight UAVs
            9.3.1 Market Overview
            9.3.2 Market Size and Forecast
        9.4 Visual Line of Sight UAVs
            9.4.1 Market Overview
            9.4.2 Market Size and Forecast

     

    10. Unmanned Aerial Vehicle (UAV) Market, By Mtow
        10.1 Introduction
        10.2 25-170 Kilograms
            10.2.1 Market Overview
            10.2.2 Market Size and Forecast
        10.3 >170 Kilograms
            10.3.1 Market Overview
            10.3.2 Market Size and Forecast
        10.4 <25 Kilograms
            10.4.1 Market Overview
            10.4.2 Market Size and Forecast

     

    11. Unmanned Aerial Vehicle (UAV) Market, By Geography
        11.1 Introduction
        11.2 North America
            11.2.1 North America Unmanned Aerial Vehicle (UAV), By Class
            11.2.2 North America Unmanned Aerial Vehicle (UAV), By Vertical
            11.2.3 North America Unmanned Aerial Vehicle (UAV), By Industry
            11.2.4 North America Unmanned Aerial Vehicle (UAV), By Type
            11.2.5 North America Unmanned Aerial Vehicle (UAV), By Range
            11.2.6 North America Unmanned Aerial Vehicle (UAV), By Mtow
        11.3 Europe
            11.3.1 Europe Unmanned Aerial Vehicle (UAV), By Class
            11.3.2 Europe Unmanned Aerial Vehicle (UAV), By Vertical
            11.3.3 Europe Unmanned Aerial Vehicle (UAV), By Industry
            11.3.4 Europe Unmanned Aerial Vehicle (UAV), By Type
            11.3.5 Europe Unmanned Aerial Vehicle (UAV), By Range
            11.3.6 Europe Unmanned Aerial Vehicle (UAV), By Mtow
        11.4 Asia-Pacific
            11.4.1 Asia-Pacific Unmanned Aerial Vehicle (UAV), By Class
            11.4.2 Asia-Pacific Unmanned Aerial Vehicle (UAV), By Vertical
            11.4.3 Asia-Pacific Unmanned Aerial Vehicle (UAV), By Industry
            11.4.4 Asia-Pacific Unmanned Aerial Vehicle (UAV), By Type
            11.4.5 Asia-Pacific Unmanned Aerial Vehicle (UAV), By Range
            11.4.6 Asia-Pacific Unmanned Aerial Vehicle (UAV), By Mtow
        11.5 Rest of the World
            11.5.1 Rest of the World Unmanned Aerial Vehicle (UAV), By Class
            11.5.2 Rest of the World Unmanned Aerial Vehicle (UAV), By Vertical
            11.5.3 Rest of the World Unmanned Aerial Vehicle (UAV), By Industry
            11.5.4 Rest of the World Unmanned Aerial Vehicle (UAV), By Type
            11.5.5 Rest of the World Unmanned Aerial Vehicle (UAV), By Range
            11.5.6 Rest of the World Unmanned Aerial Vehicle (UAV), By Mtow

     

    12. Competitive Insights
        12.1 Key Insights
        12.2 Company Market Share Analysis
        12.3 Strategic Outlook
            12.3.1 Mergers & Acquisitions
            12.3.2 New Product Development
            12.3.3 Portfolio/Production Capacity Expansions
            12.3.4 Joint Ventures, Collaborations, Partnerships & Agreements
            12.3.5 Others

     

    13. Company Profiles
        13.1 Raytheon
            13.1.1 Company Overview
            13.1.2 Product/Service Landscape
            13.1.3 Financial Overview
            13.1.4 Recent Developments
        13.2 Ehang
            13.2.1 Company Overview
            13.2.2 Product/Service Landscape
            13.2.3 Financial Overview
            13.2.4 Recent Developments
        13.3 ECA Group
            13.3.1 Company Overview
            13.3.2 Product/Service Landscape
            13.3.3 Financial Overview
            13.3.4 Recent Developments
        13.4 Turkish Aerospace Industry
            13.4.1 Company Overview
            13.4.2 Product/Service Landscape
            13.4.3 Financial Overview
            13.4.4 Recent Developments
        13.5 Yuneec
            13.5.1 Company Overview
            13.5.2 Product/Service Landscape
            13.5.3 Financial Overview
            13.5.4 Recent Developments
        13.6 General Atomics
            13.6.1 Company Overview
            13.6.2 Product/Service Landscape
            13.6.3 Financial Overview
            13.6.4 Recent Developments
        13.7 Northrop Grumman Corporation
            13.7.1 Company Overview
            13.7.2 Product/Service Landscape
            13.7.3 Financial Overview
            13.7.4 Recent Developments
        13.8 Elbit Systems
            13.8.1 Company Overview
            13.8.2 Product/Service Landscape
            13.8.3 Financial Overview
            13.8.4 Recent Developments
        13.9 Israel Aerospace Industries
            13.9.1 Company Overview
            13.9.2 Product/Service Landscape
            13.9.3 Financial Overview
            13.9.4 Recent Developments
        13.10 Aerovironment
            13.10.1 Company Overview
            13.10.2 Product/Service Landscape
            13.10.3 Financial Overview
            13.10.4 Recent Developments

    The Unmanned Aerial Vehicle (UAV) Market has been segmented as below:

     

    Unmanned Aerial Vehicle (UAV) Market, By Class

    • Strategic & Tactical UAVs
    • Special-Purpose UAVs
    • Small UAVs

     

    Unmanned Aerial Vehicle (UAV) Market, By Vertical

    • Commercial
    • Remote Sensing
    • Inspection & Monitoring
    • Product Delivery
    • Surveying & Mapping
    • Maintenance & Repair
    • Aerial Imaging
    • Industrial Warehousing
    • Others
    • Government & Law Enforcement
    • Border Management
    • Traffic Monitoring
    • Firefighting & Disaster Management
    • Search & Rescue
    • Police Operations & Investigations
    • Maritime Security
    • Consumer
    • Prosumers
    • Hobbyists
    • Military
    • Intelligence, Surveillance, and Reconnaissance (ISR)
    • Combat Operations
    • Battle Damage Management

     

    Unmanned Aerial Vehicle (UAV) Market, By Industry

    • Agriculture
    • Logistics & Transportation
    • Energy & Power
    • Construction & Mining
    • Wildlife & Forestry
    • Media & Entertainment
    • Insurance
    • Wildlife & Forestry
    • Academics & Research

     

    Unmanned Aerial Vehicle (UAV) Market, By Type

    • Fixed-Wing VTOL UAVs
    • Fixed-Wing UAVs
    • Bicopters
    • Tricopters
    • Quadcopters
    • Octocopters
    • Rotary-Wing UAVs
    • Multi Rotor UAVs

     

    Unmanned Aerial Vehicle (UAV) Market, By Range

    • Extended Visual Line of Sight UAVs
    • Beyond Line of Sight UAVs
    • Visual Line of Sight UAVs

     

    Unmanned Aerial Vehicle (UAV) Market, By Mtow

    • 25-170 Kilograms
    • >170 Kilograms
    • <25 Kilograms

     

    Unmanned Aerial Vehicle (UAV) Market, By Region

    • North America
    • Europe
    • Asia-Pacific
    • Rest of the World

     

    Unmanned Aerial Vehicle (UAV) Market, By Company

    • Raytheon
    • Ehang
    • ECA Group
    • Turkish Aerospace Industry
    • Yuneec
    • General Atomics
    • Northrop Grumman Corporation
    • Elbit Systems
    • Israel Aerospace Industries
    • Aerovironment

    Got a question? We've got answers. If you have some other questions, see our support center.

    The market is expected to grow at a CAGR of 15.5% during the study period (2023-2028)
    The UAV market is expected to be around US$ 69 billion by 2028
    The segment included in Unmanned Aerial Vehicle (UAV) market is Class, Vertical, Industry, Type, Range, Mtow, Company and region.
    Some key players operating in the Unmanned Aerial Vehicle (UAV) market include Raytheon, Ehang, ECA Group, Turkish Aerospace Industry, Yuneec, General Atomics, Northrop Grumman Corporation, Elbit Systems, Israel Aerospace Industries
    We can offer several formats of the market research reports including, • PDF • PPT • Spreadsheet/ Workbook

    Related Reports