Last Updated, Mar 16, 2022, 6:31 PM 7Newswire
Unmanned Aerial Vehicle (UAV) Market Applications, Technology, Types, Recent Trends, Future Growth Analysis, Industry Analysis and Forecasts 2027
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The global unmanned aerial vehicle (UAV) market is projected to be worth USD 56.18 Billion by 2027, according to a current analysis by Emergen Research. The market for unmanned aerial vehicle (UAV) market is observing high demand attributed to the rising deployment of unmanned aerial vehicles in intelligence, surveillance, and reconnaissance (ISR) in the military & defense sector. The number of war field casualties’ may be considerably reduced by deploying surveillance and reconnaissance robots to fetch the area layout and associated hostile elements. Unmanned aerial vehicles possess the ability to endure harsh terrain, triangulate enemy sites, sense toxic atmospheres, and accomplish numerous other missions that may be perilous to humans. After 9/11, the ISR operations active in Iraq and Afghanistan emphasized counter-terrorism and counter-insurgency, and the military had the freedom to operate drones unregulated in these nations.

The all-encompassing research weighs up on various aspects including but not limited to important industry definition, product applications, and product types. The pro-active approach towards analysis of investment feasibility, significant return on investment, supply chain management, import and export status, consumption volume and end-use offers more value to the overall statistics on the Unmanned Aerial Vehicle (UAV) market. All factors that help business owners identify the next leg for growth are presented through self-explanatory resources such as charts, tables, and graphic images.

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Market Scope:

One of the report’s central components is the broad Unmanned Aerial Vehicle (UAV) market segmentation that includes the product type gamut, application spectrum, end-user industry landscape, significant geographical regions, and the top market contenders. The report contains unbiased industry expert opinions on the current market scenario, past market performance, production & consumption rates, demand & supply ratio, and revenue generation forecasts over the estimated period. The key players’ financial positions, along with their gross profits, sales volumes, sales revenue, manufacturing costs, and other financial ratios, have been accurately gauged in the report. Furthermore, several analytical tools like investment assessment, SWOT analysis, and Porter’s Five Forces Analysis have been implemented by our analysts’ team to evaluate the production and distribution capacities of the Unmanned Aerial Vehicle (UAV) market players.

Leading Players Profiled in the Report:

  • Elbit Systems, Aerovironment, Boeing, Thales Group, 3D Robotics, BAE Systems, Airbus, Northrop Grumann Corporation, Israel Aerospace Industries, and Textron, among others.

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For more credibility, the intelligence report provides valuable data on key driving forces, prominent players, emerging trends, gross margin, customer preference and profit across various regions for the forecast period, 2021-2028. To help product owners design a robust plan the study takes a closer look at the product pricing, technology innovation, key competitors, product launches, product pipeline and major driving forces.

Key Highlights from the Report

  • In May 2020, Thales Group and Skyports entered into a partnership agreement to conduct a trial for urgent medical cargo delivery, comprising PPE and COVID-19 rapid test kits between remote and distant medical centers by drones (UAVs).
  • Unmanned aerial vehicles (UAVs) are beneficial in the reduction of risk through value-adding activities, comprising reconnaissance and performing offensive strikes.
  • Beyond the visual line of sight, unmanned aerial vehicles (UAVs) are considered advantageous in the collection of a large amount of data in fewer deployments. Besides, deploying a UAV is cost-effective as compared to various traditional methods, including manned helicopters.
  • The unmanned aerial vehicle market in the Asia Pacific region is projected to grow at the fastest rate in the forecast period. China, in terms of revenue, contributed to the largest military unmanned aerial vehicle market share attributed to increased investment in the military & defense sector. Also, the application of UAVs in the region has witnessed a surging demand for commercial goods delivery and law enforcement.

Key geographical areas:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Emergen Research has segmented the global unmanned aerial vehicle (UAV) market on the basis of product type, wing type, operation mode, range, maximum takeoff weight (MTOW), system, application, end-user, and region:

    Product Type Outlook (Revenue, USD Billion; 2017-2027)

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

    Wing Type Outlook (Revenue, USD Billion; 2017-2027)

  • Fixed Wing
  • Rotary Wing

    Operation Mode Outlook (Revenue, USD Billion; 2017-2027)

  • Remotely Piloted
  • Optionally Piloted
  • Fully Autonomous

    Range Outlook (Revenue, USD Billion; 2017-2027)

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

    Maximum Takeoff Weight (MTOW) Outlook (Revenue, USD Billion; 2017-2027)

  • < 25 Kg
  • 25 – 170 Kg
  • > 170 Kg

    System Outlook (Revenue, USD Billion; 2017-2027)

  • Platforms
  • Payloads
  • Data Links
  • Ground Control Stations
  • Launch & Recovery Systems

    Application Outlook (Revenue, USD Billion; 2017-2027)

  • Intelligence, Surveillance, and Reconnaissance (ISR)
  • Combat Support
  • Search and Rescue
  • Transportation
  • Explosive Ordnance Disposal (EOD)
  • Surveying & Mapping
  • Firefighting
  • Traffic Management
  • Warehousing
  • Others

    End-User Outlook (Revenue, USD Billion; 2017-2027)

  • Military & Defense
  • Commercial
  • Government & Law Enforcement
  • Consumers

Key questions addressed in the report:

  • What are the key factors driving the global Unmanned Aerial Vehicle (UAV) market?
  • Who are the key manufacturers in this market space?
  • Who are the distributors, traders and dealers of this market?
  • What are the market opportunities and risks affecting the performance of the vendors in the global Unmanned Aerial Vehicle (UAV) market?
  • What are the sales and revenue estimations for the top manufacturers in this market over the projected timeline?

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Highlights of the TOC: 

  1. Report Overview 
    1.1 Research Scope
    1.2 Key Unmanned Aerial Vehicle (UAV) market segments
    1.3 Major players
    1.4 Market analysis by product
    1.5 Market analysis by application
    1.6 Report timeline
  2. Global Growth Trends 
    2.1 Global Unmanned Aerial Vehicle (UAV) market size
    2.2 Latest Unmanned Aerial Vehicle (UAV) market trends
    2.3 Key growth trends
  3. Competitive Landscape 
    3.1 Global Unmanned Aerial Vehicle (UAV) market key players
    3.2 Global Unmanned Aerial Vehicle (UAV) size by manufacturers
    3.3 Products of major players
    3.4 Entry barriers in the Unmanned Aerial Vehicle (UAV) market
    3.5 Mergers, acquisitions, joint ventures, and strategic alliances

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