The GMI Research forecasts that the Unmanned Aerial Vehicle (UAV) market is witnessing an upsurge in demand during the forecast period. This is mainly due to UAVs’ high adoption in aerial remote sensing, surveying & mapping, monitoring, commercial application surveying & mapping, precision agriculture, product delivery, and growing procurement of military UAVs by defense forces worldwide.
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Unmanned Aerial Vehicle (UAV) Market’s leading Manufacturers:
- General Atomics
- Northrop Grumman Corporation
- Elbit Systems
- Israel Aerospace Industries
- Aerovironment
- Lockheed Martin
- Boeing
- Aeronautics
- Saab SE
- Thales Groups
- SZ DJI Technology Co., Ltd.
Unmanned Aerial Vehicle (UAV) Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
Key Drivers
The growing procurement of military UAVs by defense forces worldwide is a primary factor responsible for the growth of the global Unmanned Aerial Vehicle (UAV) market. UAVs are majorly utilized in modern warfare techniques, loitering munition, and life-threatening military missions. As per UAV market analysis, the high adoption of UAVs in aerial remote sensing, surveying & mapping, monitoring, commercial application surveying & mapping, precision agriculture, and the product delivery is expected to augment the growth of the Unmanned Aerial Vehicle (UAV) market. The UAVs are largely used in performing target perception, electronic warfare, and ISR missions as numerous economies defense ministries are widely investing in these abilities owing to their valuable property and facilities in decreasing casualties.
The rapid improvement in the flight control system as a result of the introduction of sense and avoid technologies are some other factors contributing to the growth of the market. The rising use of UAVs in advanced patrolling of marine borders and for counter-terrorism will further fuel the growth of the market. In addition to this, the growth in the usage of advanced technology like Virtual Reality (VR), Artificial Intelligence (AI), and the LiDAR sensor will accelerate the market in the upcoming years. However, the rigorous airspace regulations will hinder the growth of the Unmanned Aerial Vehicle (UAV) market.
Regional Drivers
Based on the region, North America is projected to dominate the market in the upcoming years. The increasing use of UAVs for border and maritime surveillance activities in North American economies like Canada and the U.S. Moreover, the high adoption of commercial drones for engineering purposes, security purpose, and agriculture application will support the market growth.
Unmanned Aerial Vehicle (UAV) Market Segmentation:
Segmentation by System:
- UAV Platforms Market, By Subsystem
- UAV Airframes, By Material Type
- UAV Alloys
- UAV Plastics
- UAV Composites, By Type
- Carbon Fiber Reinforced Polymers
- Glass Fiber Reinforced Polymers
- Boron Fiber Reinforced Polymers
- Aramid Fiber Reinforced Polymers
- UAV Avionics, By Component
- UAV Flight Control Systems, By Subcomponent
- UAV Air Data Computers
- UAV Autopilots/Flight Control Computers
- UAV Navigation Systems, By Subcomponent
- UAV Gps/GNSS
- UAV Ins/Imu
- UAV Sense & Avoid Systems
- UAV Sensors, By Type
- Speed Sensors
- Light Sensors
- Proximity Sensors
- Position Sensors
- Temperature Sensors
- UAV Communication Systems
- Others
- UAV Flight Control Systems, By Subcomponent
- UAV Propulsion Systems, By Component
- UAV Engines, By Type
- Gas Engines
- Electric Engines
- UAV Power Sources, By Type
- UAV Batteries
- Solar Cells
- Hybrid Cells
- Fuel Cells
- UAV Software
- UAV Engines, By Type
- UAV Payloads, By Type
- UAV Cameras, By Type
- High-Resolution Cameras
- Multispectral Cameras
- Hyperspectral Cameras
- Thermal Cameras
- Eo/Ir Cameras
- UAV CBRN Sensors
- UAV Electronic Intelligence Payloads, By Type
- Signal Intelligence
- electronic Intelligence
- Communication Intelligence
- Telemetry Intelligence
- UAV Radar, By Type
- Synthetic Aperture Radar
- Active Electronically Scanned Array Radar
- UAV Lidar
- UAV Gimbals
- UAV Cameras, By Type
- UAV Data Links
- UAV Ground Control Stations
- UAV Launch & Recovery Systems
- UAV Airframes, By Material Type
Segmentation by Class:
- Small UAVs
- Nano UAVs
- Micro UAVs
- Mini UAVs
- Strategic & Tactical UAVs
- Close-Range (CR) UAVs
- Short-Range (SR) UAVs
- Medium-Range (MR) UAVs
- Medium-Range Endurance (MRE) UAVs
- Low-Altitude Deep Penetration (LADP) UAVs
- Low-Altitude Long Endurance (LALE) UAVs
- Medium-Altitude Long Endurance (MALE) UAVs
- High-Altitude Long Endurance (HALE) UAVs
- Special-Purpose UAVs
- Unmanned Combat Aerial Vehicles (UCAVS)
- Loitering UAVs
- Swarm Drones
- Lethal UAVs
- Decoy UAVs
- Stratospheric UAVs
- Exo-Stratospheric UAVs
Segmentation by Vertical:
- Military
- Intelligence, Surveillance, and Reconnaissance (ISR)
- Combat Operations
- Battle Damage Management
- Commercial
- Remote Sensing
- Inspection & Monitoring
- Product Delivery
- Surveying & Mapping
- Inspection & Monitoring
- 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
Segmentation by Industry:
- Defense & Security
- Agriculture
- Logistics & Transportation
- Postal & Package Delivery
- Healthcare & Pharmacy
- Retail & Food
- Energy & Power
- Power Generation
- Oil & Gas
- Construction & Mining
- Media & Entertainment
- Insurance
- Wildlife & Forestry
- Academics & Research
Segmentation by Type:
- Fixed-Wing UAVs
- Fixed-Wing VTOL UAVs
- Rotary-Wing UAVs
- Single Rotor UAVs
- Multi Rotor UAVs
- Bicopters
- Tricopters
- Quadcopters
- Octocopters
Segmentation by Range:
- Visual Line of Sight UAVs
- Extended Visual Line of Sight UAVs
- Beyond Line of Sight UAVs
Segmentation by Mtow:
- <25 Kilograms
- 25-170 Kilograms
- >170 Kilograms
Segmentation by Operation:
- Remotely Piloted
- Optionally Piloted
- Fully Autonomous
Segmentation by Point of Sale:
- Original Equipment Manufacturer (OEM)
- Aftermarket
Segmentation by Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
About GMI Research
GMI Research is a market research and consulting company that provides syndicated research reports, consulting services, and customized market research reports. Our reports are based on market intelligence studies to ensure relevant and fact-based research across numerous sectors, including healthcare, automotive, information technology & communication, FMCG, and other industries. GMI Research’s deep understanding related to the business environment helps us in generating objective strategic insights. Our research teams consisting of seasoned analysts and researchers have hands-on experience in various regions, including Asia-pacific, Europe, North America, and the Rest of the World. The market research report offers in-depth analysis, which contains refined forecasts, a bird’s eye view of the competitive landscape, factors impacting the market growth, and several other market insights to aid companies in making strategic decisions. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to help our clients to stay ahead of the curve.
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