Unmanned Aerial Vehicle (UAV) Market Size, Share, Key Players, Growth Trend, and Forecast

 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.

According to industry analysts, the global market growth is underpinned by a significant rise in demand for products and services offered by this industry vertical. The report comprises a decisive summary of the Unmanned Aerial Vehicle (UAV) market valuation, revenue estimation, and key market statistics. Such features of the report are expected to help businesses and stakeholders associated with this industry gain a competitive edge over their rivals.  The report also draws attention to the intense competitive spectrum of the Unmanned Aerial Vehicle (UAV) industry and the effective business expansion strategies adopted by these industry players.

 

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 The leading market contenders listed in the report 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

Key reasons to buy the Global Unmanned Aerial Vehicle (UAV) Market report:

  1. The latest report comprehensively studies the global Unmanned Aerial Vehicle (UAV) market size and provides useful inference on numerous aspects of the market, such as the current business trends, market share, product offerings, and product share.
  2. The report offers an insightful analysis of the regional outlook of the market.
  3. It offers a detailed account of the end-use applications of the products services offered by this industry.
  4. The report holistically covers the latest developments taking place in this industry. Therefore, it lists the most effective business strategies implemented by the market rivals for ideal business expansion.

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 Market Segmentations of the Unmanned Aerial Vehicle (UAV) Market

  • 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

 

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 Regional Outlook of the Unmanned Aerial Vehicle (UAV) Market

The global Unmanned Aerial Vehicle (UAV) market has been categorized into several important geographical regions, including North America, Europe, Asia Pacific, Latin America, and Middle East Africa. In this section, authors of the report have studied the presence of the global Unmanned Aerial Vehicle (UAV) market across major geographies. Moreover, the estimated market share, market size, revenue contribution, sales network and distribution channel, and other crucial elements of each regional segment have been detailed in the report.

Key reasons to buy the Global Unmanned Aerial Vehicle (UAV) Market report:

  1. The latest report comprehensively studies the global Unmanned Aerial Vehicle (UAV) market size and provides useful inference on numerous aspects of the market, such as the current business trends, market share, product offerings, and product share.
  2. The report offers an insightful analysis of the regional outlook of the market.
  3. It offers a detailed account of the end-use applications of the products services offered by this industry.
  4. The report holistically covers the latest developments taking place in this industry. Therefore, it lists the most effective business strategies implemented by the market rivals for ideal business expansion.

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