Global unmanned aerial vehicle market is expected to grow at a significant rate during the forecast period. The global unmanned aerial vehicle market is driven by the increasing use of unmanned aerial vehicles across various end user industries such as defense & security, agriculture, retail, media & entertainment, among others. Additionally, increasing defense spending by the various governments across the globe and growing terrorist activities is further expected to positively influence the market growth during the forecast period. Furthermore, associated advantages with the UAVs such as small & compact size, ease of use, affordability, visual superiority, among others are anticipated to fuel the market growth. Moreover, technological advancements and incorporation of technologies such as AI, LiDAR, among others in the unmanned aerial vehicles is expected to create lucrative opportunities for the market growth over the next few years. However, strict air space regulations can hamper the market growth during the forecast period. Also, air traffic management issues can further impede the market growth.
The global unmanned aerial vehicle market is segmented based on class, type, energy source, mode of operation, range, MTOW, end user industry, company and region. Based on class, the market can be categorized into small UAV, tactical UAV, strategic UAV and special purpose UAV. The small UAV segment is expected to dominate the market owing to the increasing demand for these UAVs from defense sector for use in surveillance and scouting. Additionally, increasing use of these UAVs in various commercial applications such as precision agriculture, photography, delivery, among others is further expected to drive the segmental growth. Based on range, the market can be fragmented into visual line of sight (VLOS), extended visual line of sight (EVLOS) and beyond line of sight (BLOS). The BLOS segment is expected to dominate the market on account of the increasing use of UAVs in commercial and consumer applications.
Regionally, the unmanned aerial vehicle market
The major players operating in the unmanned aerial vehicle market are NVIDIA Corporation, Alphabet Inc., Intel Corporation, IBM Corporation, Microsoft Corporation, Harman International Industries Inc., Xilinx Inc., Qualcomm Inc.,
Objective of the Study
- To analyze and estimate the market size of global unmanned aerial
vehicle market from 2018 to 2021.
- To estimate and forecast the market size of global unmanned aerial
vehicle market from 2022 to 2028 and growth rate until 2028.
- To classify and forecast global unmanned aerial vehicle market
based on class, type, energy source, mode of operation, range, MTOW, end
user industry, company and regional distribution.
- To identify dominant region or segment in the global unmanned
aerial vehicle market.
- To identify drivers and challenges for global unmanned aerial
vehicle market.
- To examine competitive developments such as expansions, new product
launches, mergers & acquisitions, etc., in global unmanned aerial
vehicle market.
- To identify and analyze the profile of leading players operating in
global unmanned aerial vehicle market.
- To identify key sustainable strategies adopted by market players in
global unmanned aerial vehicle market.
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MIR performed both primary as well as exhaustive secondary research for this study. Initially, MIR sourced a list of manufacturers across the globe. Subsequently, MIR conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, MIR could include the manufacturers which could not be identified due to the limitations of secondary research. MIR analyzed the manufacturers, distribution channels and presence of all major players across the globe.
MIR calculated the market size of
Key Target Audience
- Unmanned aerial vehicle manufacturers/
suppliers/ distributors
- Market research and consulting firms
- Government bodies such as regulating
authorities and policy makers
- Organizations, forums and alliances related to
unmanned aerial vehicle
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
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Attribute
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Details
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Base
Year
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2022
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Historical
Years
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2018 –
2021
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Estimated
Year
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2023
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Forecast
Period
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2024 – 2028
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Quantitative
Units
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Revenue in
USD Million, Volume in Units, and CAGR for 2018-2022 and 2023-2028
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Report
Coverage
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Revenue
forecast, volume forecast, company share, competitive landscape, growth
factors, and trends
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Segments
Covered
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·
Class
·
Type
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Energy
Source
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Mode
of Operation
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Regional
Scope
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North
America; Asia Pacific; Europe & CIS; South America; Middle East &
Africa
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Country
Scope
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United States; Canada; Mexico; China; India; Japan; Malaysia;
Thailand; Indonesia; Vietnam; South Korea; Germany; France; United Kingdom;
Spain; Italy; Belgium; Russia; Brazil; Argentina; Colombia; Saudi Arabia;
UAE; South Africa; Egypt
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Key
Companies Profiled
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NVIDIA Corporation, Alphabet Inc., Intel Corporation, IBM
Corporation, Microsoft Corporation, Harman International Industries Inc.,
Xilinx Inc., Qualcomm Inc., Tesla
Inc., Volvo Car Corporation
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Customization
Scope
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10% free
report customization with purchase. Addition or alteration to country,
regional & segment scope.
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Pricing
and Purchase Options
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Avail customized
purchase options to meet your exact research needs. Explore purchase
options
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Delivery
Format
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PDF and Excel through Email (We can also
provide the editable version of the report in PPT/Word format on special
request)
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