Global Unmanned Aerial Vehicles Market Size, Share, Growth, Trends, and Forecast (2024 - 2031)
Global Unmanned Aerial Vehicles Market Scope: Historical Data (2021 – 2022), Base Year (2023), Forecast Period (2024 – 2031)
Market Segmentation: By UAV Size (Small UAV, Medium UAV, and Large UAV), Type (Fixed-wing (MALE, HALE, and TUAV), and VTOL (Single Rotor and Multi-Rotor)), Range (Visual Range of Sight (VLOS), and Beyond Visual Line of Sight (BVLOS)), Application (Military (Combat, and Non-combat (Cargo Delivery, ISR, and Battle Damage Management)), and Civil and Commercial (Agriculture, Construction and Mining, Inspection and Monitoring, Delivery, Law Enforcement and First Responders, and Other Applications), and Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa)
Market Overview
The Global Unmanned Aerial Vehicles Market was valued at USD 17,315.5 million in 2023 and is expected to reach USD 48,363.6 million by 2031 while growing at a CAGR of 13.7% during the forecast period (2024-2031).
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Market Dynamics
This section of the report will analyze various driving and restraining factors that are expected to have a significant impact on the global unmanned aerial vehicles market growth. Unmanned Aerial Vehicles (UAVs), also known as drones, are aircraft that operate without a human pilot on board. They can be remotely controlled or fly autonomously using pre-programmed flight plans or dynamic automation systems. UAVs vary in size, shape, and configuration, ranging from small hand-held devices to large, high-altitude, long-endurance systems.
Continuous advancements in UAV technologies, such as enhanced materials, sensors, communication systems, and artificial intelligence, coupled with the increasing demand for surveillance and reconnaissance, propel the unmanned aerial vehicles market. Nevertheless, regulatory challenges and safety concerns may hinder market expansion.
Furthermore, the global unmanned aerial vehicles industry will be analyzed through various tools including PESTLE analysis, and Porter’s analysis.
Segmentation – By UAV Size Analysis
The Global Unmanned Aerial Vehicles Market is segmented among Small UAV, Medium UAV, and Large UAV, based on UAV Size. In 2023, Small UAV accounted for the majority of the market share*.
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Segmentation – By Type Analysis
The Global Unmanned Aerial Vehicles Market is segmented among Fixed-wing (MALE, HALE, and TUAV), and VTOL (Single Rotor and Multi Rotor), based on Type. In 2023, VTOL (Single Rotor and Multi Rotor) accounted for the majority of the market share*.
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Global Unmanned Aerial Vehicles Market: Regional Analysis
Based on region, the market is divided into six regions including North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. In 2023, North America dominated the market with the highest market share, while North America is expected to grow with the highest CAGR during the forecast period (2024 – 2031).
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Competitive Landscape
Some of the key players operating in the market are SZ DJI Technology Co. Ltd, Parrot SAS, Delair SAS, AeroVironment Inc., Northrop Grumman Corporation, Elbit Systems Ltd, General Atomics, Israel Aerospace Industries Ltd, THALES, and The Boeing Company.
Table of Contents:
1. Research Methodology and Market Scope
Research Methodology
Market Scope
2. Executive Summary
3. Global Unmanned Aerial Vehicles Market Dynamics
Drivers
Restraints
Opportunity
4. Global Unmanned Aerial Vehicles Industry Analysis
PEST Analysis
Porter's Five Force Analysis
Recent Deals Analysis
5. Global Unmanned Aerial Vehicles Market Segmentation, By UAV Size
Global Unmanned Aerial Vehicles Market Share Analysis, By UAV Size
Global Unmanned Aerial Vehicles Market Growth Analysis, By UAV Size
Global Unmanned Aerial Vehicles Market Trends, By UAV Size
o Small UAV
o Medium UAV
o Large UAV
6. Global Unmanned Aerial Vehicles Market Segmentation, By Type
Global Unmanned Aerial Vehicles Market Share Analysis, By Type
Global Unmanned Aerial Vehicles Market Growth Analysis, By Type
Global Unmanned Aerial Vehicles Market Trends, By Type
o Fixed-wing (MALE, HALE, and TUAV)
o VTOL (Single Rotor and Multi Rotor)
7. Global Unmanned Aerial Vehicles Market Segmentation, By Range
Global Unmanned Aerial Vehicles Market Share Analysis, By Range
Global Unmanned Aerial Vehicles Market Growth Analysis, By Range
Global Unmanned Aerial Vehicles Market Trends, By Range
o Visual Range of Sight (VLOS)
o Beyond Visual Line of Sight (BVLOS)
8. Global Unmanned Aerial Vehicles Market Segmentation, By Application
Global Unmanned Aerial Vehicles Market Share Analysis, By Application
Global Unmanned Aerial Vehicles Market Growth Analysis, By Application
Global Unmanned Aerial Vehicles Market Trends, By Application
o Military
Ø Combat
Ø Non-combat
o Civil and Commercial
Ø Agriculture
Ø Construction and Mining
Ø Inspection and Monitoring
Ø Delivery
Ø Law Enforcement and First Responders
Ø Other Applications
9. Global Unmanned Aerial Vehicles Market Segmentation, By Region
Global Unmanned Aerial Vehicles Market Share Analysis, By Region
Global Unmanned Aerial Vehicles Market Growth Analysis, By Region
Global Unmanned Aerial Vehicles Market Trends, By Region
o North America
o Europe
o Asia Pacific
o Latin America
o Middle East
o Africa
10. Competitive Landscape
SZ DJI Technology Co. Ltd*
o Company Overview
o Financial Performance
o Key Development/Strategies
o SWOT Analysis
Parrot SAS
Delair SAS
AeroVironment Inc.
Northrop Grumman Corporation
Elbit Systems Ltd
General Atomics
Israel Aerospace Industries Ltd
THALES
The Boeing Company
*Similar analysis will be provided for each company listed above.
