Unmanned aerial vehicle (UAV) is an aerial transportation means which operates without on-board crew or passengers controlled by remote control, autonomously, or both. Unmanned aerial vehicle is the next generation aircraft technology used for surveillance, logistics, assessment and photography among others. Implementation of rules and regulation associated to usage of UAVs by several countries are directly influence the demand for unmanned aerial vehicle. Unmanned aerial vehicle (UAV) also referred as drones. The demand in the global Unmanned Aerial Vehicle (UAV) market is projected to increase in the coming few years due to the rapid adoption as well as incorporation of latest technologies such as artificial intelligence, cloud computing, and sense and avoid systems in these unmanned aerial vehicles. Integration of artificial intelligence technologies in the products in the global Unmanned Aerial Vehicle (UAV) market  has not just improved their flight and security capabilities but has also allowed them to function and accomplish activities such as easy take off, data analysis, data capture, navigation, and data transmission without the requirement for human intervention. Furthermore, the increasing usage of drones in several commercial applications in also projected to emerge as a significant driver for the global Unmanned Aerial Vehicle (UAV) market  in coming years. The drones from the global Unmanned Aerial Vehicle (UAV) market were earlier used for significantly border security operations. Commercial applications for the products in the global Unmanned Aerial Vehicle (UAV) market  are product delivery and transportation along with aerial photography applications. In addition to this, the increasing affordability of commercial photography drones is anticipated to fuel the development in the global Unmanned Aerial Vehicle (UAV) market  in coming years. On the other hand, the heavy infrastructure costs and dearth of skilled personnel for operating unmanned aerial vehicles will likely to impede the market growth.

Furthermore, the technological advancements in UAV are taking place at a rapid pace which is providing opportunities for the market growth. Moreover, these advancements are projected to lead to an increased use of drones in a wide range of sectors, ranging from commercial to military. One of the key areas of innovation is the development of armed UAV. The US has been a leader in terms of the usage of UAV in warfare for a long time. The three significant drones being deployed presently by the US are the MQ-1 Predator, MQ-1C Sky Warrior, and MQ-9 Reaper, from General Atomics. The MQ-1 Predator persists to be a generally used drone by the military of the US presently.

The global Unmanned Aerial Vehicle (UAV) market  is segregated on the basis of Type as Fixed Wing, Rotary Wing and Hybrid. Based on Application the global Unmanned Aerial Vehicle (UAV) market  is segmented in Military & Defense, Civil & Commercial, Logistics & Transportation, Construction & Mining and Others. Based on Weight the global Unmanned Aerial Vehicle (UAV) Market is segmented in Less Than 50 Kg and More Than 50 Kg.

The global Unmanned Aerial Vehicle (UAV) market  report provides geographic analysis covering regions, such as Europe, North America, 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 Analysis

3D Robotics Inc, Aeronautics Ltd, Israel Aerospace Industries Ltd, General Atomics Aeronautical Systems Inc (Ga-Asi), Aerovironment Inc and others are among the major players in the global Unmanned Aerial Vehicle (UAV) market . The companies studied in terms of product strategy and various n several growth and expansion strategies to gain a competitive edge in the market. The major players not only follow value chain integration with business operations in multiple stages of the value chain.

• In September 2020, General Atomics Aeronautical Systems, Inc. conducted flight demonstrations of captive carrying the SparrowHawk small unmanned aircraft systems (sUAS). The SparrowHawk aircraft is an airborne launch and recovery demonstrator aircraft customized to complement GA-ASI platforms. It is based on attritableONE technologies of the Advanced Battle Management System.
• In March 2021, Northrop Grumman Corporation signed a contract with the US Navy to prototype and integrate assimilating sense and avoid (SAA) capabilities into its high-altitude, long-endurance MQ-4C Triton autonomous system as to allow its secure functioning in shared airspace with manned aircraft.

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

Unmanned Aerial Vehicle (UAV) Market, By Type

• Fixed Wing
• Rotary Wing
• Hybrid

Unmanned Aerial Vehicle (UAV) Market, By Application

• Military & Defense
• Civil & Commercial
• Logistics & Transportation
• Construction & Mining
• Others

Unmanned Aerial Vehicle (UAV) Market, By Weight

• Less Than 50 Kg
• More Than 50 Kg

Unmanned Aerial Vehicle (UAV) Market, By Region

• Europe
• North America
• Asia Pacific
• Rest of The World

Unmanned Aerial Vehicle (UAV) Market, By Company

• 3D Robotics Inc
• Aeronautics Ltd
• Israel Aerospace Industries Ltd
• General Atomics Aeronautical Systems Inc (Ga-Asi)
• Aerovironment Inc
• Bae Systems
• Elbit Systems Ltd
• Lockheed Martin Corporation
• Northrop Grumman Corporation
• Parrot Sa
• Saab Ab
• Sz Dji Technology Co Ltd
• Textron Inc.
• Thales Group
• The Boeing Company
• Aeryon Labs
• ZALA Aero
• Mikoyan
• CybAero
• IAI Searcher
• Al Fajer L-10

The report covers the below scope:

• Global Unmanned Aerial Vehicle (UAV) Market sizes from 2020 to 2026, along with CAGR for 2020-2026
• Market size comparison for 2019 vs 2026, with actual data for 2019, estimates for 2019 and forecast from 2020 to 2026
• 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

The years considered for the study are as follows:

• Base year - 2019
• Estimated year - 2019
• Projected year - 2020
• Forecast period - 2021 to 2026

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 3D Robotics Inc, Aeronautics Ltd, Israel Aerospace Industries Ltd, General Atomics Aeronautical Systems Inc (Ga-Asi), Aerovironment Inc. and others.

Why 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

Target Audience:

• The report targeted towards the existing players in the industry is as follows:
• Market Manufacturers/Service Providers
• Market Wholesale/Traders
• Investment and Financial Institutions

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