Global Unmanned Aerial Vehicle Market Size By Type (Fixed Wing, Hybrid), By UAV Size (Group 3, Group 4), By End-User (Commercial, Consumers), By Geographic Scope And Forecast

Unmanned Aerial Vehicle Market Size And Forecast

Unmanned Aerial Vehicle Market size was valued at USD 21,106.49 Million in 2023 and is projected to reach USD 94,098.14 Million by 2030. The Market is projected to grow at a CAGR of 21.34% from 2024 to 2030.

The demand for unmanned aerial vehicle is driven by the technological advancements, regulatory changes, and increasing awareness of their potential. The Global Unmanned Aerial Vehicle Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Unmanned Aerial Vehicle Market Definition

An unmanned Aerial Vehicle (UAV), sometimes known as a drone, is an aircraft that operates without a human pilot onboard. Unlike traditional manned aircraft, UAVs can be remotely controlled by a human operator or be operated autonomously through pre-programmed flight paths/ in response to various inputs from onboard sensors and computer systems. UAVs come in a wide range of sizes and configurations, from small handheld quadcopters to larger fixed-wing aircraft. They are typically equipped with various sensors, cameras, and sometimes specialized payloads, depending on their intended purpose.

The ‘Global Unmanned Aerial Vehicle Market’ is witnessing significant growth due to various driving factors. The demand for Unmanned Aerial Vehicle is driven by technological advancements, regulatory changes, and increasing awareness of their potential. Some key trends that are shaping the UAV industry include miniaturization and portability. As UAVs are becoming smaller, lighter, and more portable, they are becoming more accessible to a broader range of users. This trend has fueled the popularity of consumer drones. Advances in battery technology have led to UAVs with extended endurance, allowing for more extensive missions and applications. Automation is a crucial trend in UAV development. UAVs are becoming increasingly capable of autonomous flight, navigation, and data collection, reducing the need for constant human intervention. They are also using AI and machine learning algorithms for tasks such as object recognition, obstacle avoidance, and autonomous decision-making, making them more intelligent and capable.

The market size of the Global Unmanned Aerial Vehicle Market stood at USD 21,106.49 Million in 2022 and is projected to reach USD 94,098.14 Million by 2030. The Market is projected to grow at a CAGR of 21.34% from 2023 to 2030. North America is holding the largest market share in 2023 and accounted for 48.82%. The ‘Global Unmanned Aerial Vehicle Market’ across the Middle East & Africa region is projected to grow with a higher CAGR of 26.53% during the forecast period.

Global Unmanned Aerial Vehicle MarketSegmentation Analysis

The Global Unmanned Aerial Vehicle Market is segmented based on Type, UAV Size, End-User, and Geography.

Unmanned Aerial Vehicle Market, By Type

• Rotary Wing
• Fixed Wing
• Hybrid

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Based on Type, the market is segmented into Rotary Wing, Fixed Wing, and Hybrid. The Global Unmanned Aerial Vehicle Market is experiencing a scaled level of attractiveness in the Rotary Wing segment. Rotary Wing accounted for the largest market share of 77.87% in 2023, with a market value of USD 8,023.03 Million and is projected to grow at a CAGR of 14.78% during the forecast period. Fixed Wing was the second-largest market in 2023, with a value of USD 1,429.52 Million in 2023; it is projected to grow at the highest CAGR of 21.37%.

UAV rotary-wing are characterized by their rotor-based propulsion system, similar to traditional helicopters. These UAVs have unique advantages and applications due to their ability to hover, take off vertically, and maneuver in tight spaces. One of the defining features of rotary-wing UAVs is their VTOL capability. They have the ability to perform agile maneuvers, including rapid turns and changes in altitude. Rotary-wing UAVs find applications in a wide range of industries, including agriculture, filmmaking, public safety, and defense and tend to produce less noise compared to fixed-wing counterparts

Unmanned Aerial Vehicle Market, By UAV Size

• Group 3
• Group 4
• Group 5

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Based on UAV Size, the market is segmented into Group 3, Group 4, and Group 5. The Global Unmanned Aerial Vehicle Market is experiencing a scaled level of attractiveness in the Group 3 segment. Group 3 accounted for the largest market share of 36.11% in 2023, with a market value of USD 7,620.53 Million, and is projected to grow at the highest CAGR of 22.88% during the forecast period. Group 4 was the second-largest market in 2023, with a value of USD 5,228.16 Million in 2023; it is projected to grow at a CAGR of 15.71%.

Group 3 UAVs typically fall into the medium-sized category, typically with a maximum take-off weight ranging from 55 to 1,320 lbs and an altitude of less than 18,000ft. This size allows them to carry a variety of payloads while maintaining operational flexibility. They are suitable for long-range reconnaissance, surveillance, and monitoring missions. Group 3 UAVs find applications in a wide range of industries, including defense, agriculture, environmental monitoring, and disaster response. Their versatility and endurance make them valuable assets for collecting data and imagery in remote or hazardous environments.

Unmanned Aerial Vehicle Market, By End-User

• Military & Government
• Commercial
• Consumers
• Others

Based on End-User, the market is segmented into Military & Government, Commercial, Consumers, and Others. The Global Unmanned Aerial Vehicle Market is experiencing a scaled level of attractiveness in the Military & Government segment. Military & Government accounted for the largest market share of 46.29% in 2023, with a market value of USD 9,770.93 Million and is projected to grow at a CAGR of 23.30% during the forecast period. Commercial was the second-largest market in 2023, with a value of USD 7,027.71 Million in 2023; it is projected to grow at a CAGR of 15.06%.

Military & Government organizations employ unmanned aerial vehicles (UAVs) extensively for surveillance and reconnaissance tasks. By offering real-time ISR (intelligence, surveillance, and reconnaissance) capabilities, they improve situational awareness in dangerous or crucial locations, such as the battlefield. Unmanned Aerial Vehicles (UAVs) are vital tools in target acquisition, enabling military personnel to detect and follow possible threats. This is especially crucial for reducing collateral damage and executing accurate strikes.

Unmanned Aerial Vehicle Market, By Geography

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

Based on Regional Analysis, the Global Unmanned Aerial Vehicle Market is classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. The Global Unmanned Aerial Vehicle Market is experiencing a scaled level of attractiveness in the North American region. North America accounted for the largest market share of 48.82% in 2022, with a market value of USD 10,303.17 Million and is projected to grow at a CAGR of 15.56% during the forecast period. Europe was the second-largest market in 2022, with a value of USD 3,000.92 Million in 2022; it is projected to grow at a CAGR of 22.77%.

North America has emerged as a global hub for the Unmanned Aerial Vehicle (UAV) industry, with the United States and Canada leading the way in both technological innovation and the widespread adoption of UAVs. The United States is home to some of the world’s largest UAV manufacturers, such as General Atomics and Boeing. These companies produce advanced military drones and cutting-edge civilian UAVs. North American universities and research institutions are at the forefront of UAV technology development, conducting research in areas such as AI-powered drones, drone swarming, and autonomous navigation. The U.S. military deploys UAVs extensively for reconnaissance, surveillance, and combat operations. Government agencies use drones for border security, disaster response, and law enforcement. Canada employs drones for similar purposes, including search and rescue missions in remote areas.

Key Players

The “Global Unmanned Aerial Vehicle Market” study report will provide valuable insight with an emphasis on the global market including some of the major players are Boeing, Lockhead Martin Corporation, Airbus, Northrop Grumman Corp., Leonardo, AeroVironment, Inc., GA-ASI, Kratos Defense & Security Solutions, Inc., Amazon, Baykar, DJI, Turkish Aerospace, Tekever, Israel Aerospace Industries (IAI), and others. This section provides company overview, ranking analysis, company regional and industry footprint, and ACE Matrix.

Company Market Ranking Analysis

The company ranking analysis provides a deeper understanding of the top 3 players operating Unmanned Aerial Vehicle market. takes into consideration several factors before providing a company ranking. The top three players for the Boeing, Lockhead Martin Corporation, Airbus. The factors considered for evaluating these players include company’s brand value, product portfolio (including product variations, specifications, features and price), company presence across major regions, product related sales obtained by the company in recent years and its share in the total revenue. further study the company’s product portfolio based on the technologies adopted or new strategies undertaken by the company to enhance their market presence globally or regionally.  We also consider the distribution network (online as well as offline) of the company that helps us to understand the company’s presence and foothold in various Unmanned Aerial Vehicle markets.

Company Regional/Industry Footprint

The company’s regional section provides geographical presence, regional-level reach, or the respective company’s sales network presence. For instance, Boeing has its presence globally i.e., in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Apart from this, the industrial footprint section provides a cross-analysis of industry verticals and market players that gives a clear picture of the company landscape concerning the industries they serve their products. The product portfolio of the companies is classified in terms of their diversification as well as the number of products/services that are available. The geographic reach and the market penetration are determined considering the penetration of the company’s products and services in various geographical regions and industries.

Ace Matrix

This section of the report provides an overview of the company evaluation scenario in the Unmanned Aerial Vehicle market. The company evaluation has been carried out based on the outcomes of the qualitative and quantitative analyses of various factors such as product portfolios, technological innovations, market presence, revenues of companies, and the opinions of primary respondents.

Report Scope