Unmanned Aerial Vehicle (UAV) Market Poised to Garner Maximum Revenues During 2021-2030
- chhaya chavan
- May 5, 2023
- 3 min read
The unmanned aerial vehicle market size reached USD 23.60 Billion in 2021 and is expected to register a revenue CAGR of 14.6 % during the forecast period, according to the latest analysis by Emergen Research. Increasing commercial drones application is one of the key factors for driving the market revenue growth. Several industries have authorized the usage of drones to acquire significant amount of data to make the necessary business choices. It has become a rapidly increasing commercial market, with several uses such as construction, mining, oil & gas, and agriculture across the world. The construction sector is projected to provide a significant opportunity for market growth owing to the substantial commercial usage of mapping, observation, surveying, and inspection studies. Significant infrastructure construction projects require factual data to comprehend the ground reality and potential issues in the future. The construction industry is witnessing rapid adoption of drones of all forms and sizes. It is assisting various engineers and specialists in making wiser business decisions by mapping millions of Landsat images and information. The increasing implementation in commercial civil applications is expected to drive the market growth during the forecast period.
The market intelligence report blends in the best of both the primary and secondary research techniques to evaluate the project size of the Unmanned Aerial Vehicle (UAV) industry across different countries. Besides, examining the share occupied by the market leaders the study assesses the sub segments dependent on the primary segments. Apart from this, the study applies qualitative and quantitative study methods to identify the major outcomes of technology upgrades, joint ventures, collaborations, product launches and mergers and acquisitions worldwide. Researchers have used self-explanatory tables, graphs and infographics to present data on customer preference, consumption volume, production capability, distribution channel and supply chain management.
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Key Players operating in the industry are:
Northrop Grumman Corporation, SZ DJI Technology Co. Ltd, AeroVironment, Inc., Elbit Systems Ltd., Lockheed Martin Corporation., BAE Systems PLC., Airbus SE, Textron Inc., Teledyne FLIR LLC, and SaaB AB
Radical Features of the Unmanned Aerial Vehicle (UAV) Market Report:
An in-depth analysis of the different approaches and procedures undertaken by the key players to conduct business efficiently
Offers insights into production and manufacturing value, products and services offered in the market, and fruitful information about investment strategies
Supply chain analysis along with technological advancements offered in the report
The report covers extensive analysis of the trends, drivers, restraints, limitations, threats, and growth opportunities in the Unmanned Aerial Vehicle (UAV) industry
The report encompasses Unmanned Aerial Vehicle (UAV) market overview along with market share, demand and supply ratio, production and consumption patterns, supply chain analysis, and other ley elements
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Segmentation:
Product Outlook (Revenue, USD Billion; 2019–2030)
Small UAV
Tactical and Strategic UAV
Special Purpose UAV
Point of Sale Outlook (Revenue, USD Billion; 2019–2030)
Aftermarket
OEM
Technology Outlook (Revenue, USD Billion; 2019–2030)
Remotely Piloted
Optionally Piloted
Fully Autonomous
Regional Analysis Covers:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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