Unmanned Aerial Vehicle Market, by Type (Fixed Wing Drone, Rotary Blade Drone, and Hybrid Drone), by Load Capacity (<2KG, 2–5 KG, and >5 KG), by Duration (<30 Minutes and >30 Minutes), by Range (Short (<25 Kilometers) and Long (>25 Kilometers)), by Application (Aerial Photography, Agriculture, Emergency and Disaster Management, Inspection & Monitoring, Remote Sensing & Mapping, and Wildlife Research & Preservation), by End User (Government and Defense and Commercial), and by Region (North America, Latin America, Europe, Asia Pacific, and Middle East and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028
Unmanned aerial vehicles are also known as drones. UAV is a remotely operated airborne system or aircraft, by a human operator or autonomously by an onboard computer. The collection of information such as aerial videos, and photographs is a common application of unmanned aerial vehicles, since carrying a sensor.
Market Dynamics
The unmanned aerial vehicle market growth is majorly attributed to increasing application of UAV’s in many civil application domains such as real – time monitoring, remote sensing, delivery of goods, security and surveillance, providing wireless coverage, precision agriculture, and civil infrastructure inspection. For instance, in September 2018, 3D Robotics (3DR) entered into a partnership with China-based drone manufacturer Yuneec. Under this partnership, 3DR focused on serving the security needs of U.S. government customers and their vendors in construction, engineering, and public safety sectors. Moreover, the unmanned aerial vehicles are getting adopted by fire department for the safety of firefighters, thus, there is significant demand for UAVs for aerial applications. For instance, in April 2021, DJI entered into a partnership with Los Angeles Fire Department (LAFD) to test and deploy DJI drone technology for public safety applications.
Although drones or unmanned aerial vehicles are meant for beneficial commercial applications, the images captured can be used for illegal activities. Potential criminals may conduct virtual surveillance of banks, government buildings, parks, or schools using online aerial and satellite images. For instance, in January 2017, in India, the Mumbai Police banned all flying objects such as drones and gliders in the city. This action was taken, as they believed that terrorist attacks can be carried out by terrorists through drones that can be controlled by remote or remote controlled aircrafts in high altitude area. If adequate safety measures are not taken, and lack of proper security and privacy issues are expected to hinder the market growth over the forecast period.
Market Taxonomy
This report segments the global unmanned aerial vehicle market analysis on the basis of type, load capacity, duration, range, application, End User, and region. On the basis of type, global unmanned aerial vehicle market analysis is segmented into fixed wing drone, rotary blade drone, and hybrid drone. On the basis of load capacity, the global unmanned aerial vehicle market is segmented into <2Kg, 2-5 Kg, and >5Kg. On the basis of duration, the global unmanned aerial vehicle market analysis is segmented into <30 Minutes, and >30 Minutes. On the basis of range, global unmanned aerial vehicle market is segmented into Short (<25 Kilometers), and Long (>25 Kilometers). On the basis of application, global unmanned aerial vehicle market is segmented into aerial photography, agriculture, emergency and disaster management, inspection & monitoring, remote sensing & mapping, and wildlife research & preservation. On the basis of end user, global unmanned aerial vehicle market is segmented into government and defense, and commercial. On the basis of region, global unmanned aerial vehicle market is segmented into North America, Latin America, Europe, Asia pacific, and Middle East and Africa.
Key features of the study:
This report provides an in-depth analysis of the global unmanned aerial vehicle market analysis and provides market size (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2022-2028), considering 2021 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by leading players
It profiles leading players in the global unmanned aerial vehicle market analysis based on the following parameters – regulatory landscape, company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
Major companies operating in the global unmanned aerial vehicle market include: 3D Robotics, AeroVironment, Inc., DJI, Elbit Systems Ltd, General Atomics, GoPro, Inc., Israel Aerospace Industries, Lockheed Martin Corporation, Northrop Grumman Corporation, Parrot SA, Textron Inc., Boeing, Uvify Inc., and YUNEEC
These key market players are focusing on collaboration strategy with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers
Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology up gradation, market expansion, and marketing tactics
The global unmanned aerial vehicle market analysis report caters to various stakeholders in this industry including investors, suppliers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the global unmanned aerial vehicle market analysis
Detailed Segmentation:
Global Unmanned Aerial Vehicle Market, By Type:
Fixed Wing Drone
Rotary Blade Drone
Hybrid Drone
Global Unmanned Aerial Vehicle Market, By Load Capacity:
2KG
2-5 KG
>5 KG
•Global Unmanned Aerial Vehicle Market, By Duration:
<30 Minutes
>30 Minutes
Global Unmanned Aerial Vehicle Market, By Range:
Short (<25 Kilometers)
Long (>25 Kilometers)
Global Unmanned Aerial Vehicle Market, By Application:
Aerial Photography
Agriculture
Emergency and Disaster Management
Inspection & Monitoring
Remote Sensing & Mapping
Wildlife Research & Preservation
Global Unmanned Aerial Vehicle Market, By End User:
Government and Defense
Commercial
Global Unmanned Aerial Vehicle Market, By Region:
North America
Latin America
Europe
Asia Pacific
Middle East and Africa
Company Profiles
3D Robotics **
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Key highlights
AeroVironment, Inc.
DJI
Elbit Systems Ltd
General Atomics
GoPro, Inc.
Israel Aerospace Industries
Lockheed Martin Corporation
Northrop Grumman Corporation
Parrot SA
Textron Inc.
Boeing
Uvify Inc
YUNEEC
**All the pointers will also be provided for the rest of the companies.
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