Unmanned Aerial Vehicles (UAV) Market Global Forecast to 2027

1
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? UAV MARKET GLOBAL TOP 2000 STRATEGIST RELY
ON US FOR THEIR GROWTH STRATEGIES. UKNAOWVMMORaErk
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Defense Government), Function, End Use,
Application, Type (Fixed Wing, Rotary Wing,
Hybrid), Mode of Operation, Mtow, Range Region
- Global Forecast to 2027 FREE BROCHURE
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2802Sep, 2022, by marketsandmarkets.com DESCRIPTIO
N TABLE OF CONTENTS METHODOLOGY DOWNLOAD PDF
(/PDFDOWNLOADNEW.ASP?ID662) Updated on March
03, 2023 394 Pages Report The UAV Market is
projected to grow from USD 26.2 billion in 2022
to USD 38.3 Billion by 2027, at a CAGR of 7.9
from 2022 to 2027. Unmanned aerial vehicles
(UAVs) are remotely piloted, optionally piloted,
or fully autonomous aerial vehicles that play a
significant role in the defense and commercial
sectors. They are commonly termed drones and are
mostly known for their wide usage in various
military missions, such as border surveillance
and combat operations. These vehicles are also
used for mapping, surveying, and determining the
weather conditions of a specific area. The use of
UAVs has been prevalent among defense forces
worldwide for a long time. However, in recent
times, several investments have been made by
public and private sector organizations to
develop new and sophisticated UAVs according to
their requirements. The potential of UAVs to be
used in several prospective applications in the
civil and commercial sectors has led to
advancements in them. The civil commercial
application segment of the UAV industry
(https//www.marketsandmarkets.com/PressReleases/u
nmanned-aerial-vehicles-uav.asp) is projected to
grow significantly in the next 10 years
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UAV Market Forecast to 2027 To know about the
assumptions considered for the study, Request for
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com/requestsampleNew.asp?id662) UAV Market
Dynamics Driver Sensor and technology
development For sensor and technology development
in UAV/drone-based remote sensing, the
development and design of sensors and cameras
are essential. The capability of sensors and
cameras will extend the use of UAVs to handle
various urban issues. As high-fidelity sensors
continue to become smaller and more compact,
drones are now capable of carrying more payload
options than ever before. With all these various
models, picking the right one for each unique
industrial use can be overwhelming. Using UAVs as
remote sensing platforms offers the unique
ability for repeated deployment for the
acquisition of high temporal resolution data at
very high spatial resolution. These sensor and
technology development leads to the reduction in
the price of drone components like ICs
(controllers, GPS). The costs of drones are
falling as the costs of various ICs (controllers,
GPS), IoT sensors (https//www.marketsandmarkets.
com/Market-Reports/sensors-iot-market-26520972.htm
l), MEMS sensors, and batteries are going down,
whereas their performance is rising, like GPS
accuracy. The drone's hardware is mostly made of
fiber composites, whose cost is decreasing due to
advancements in technology and investment in
drone hardware worldwide. This leads to the
wide-scale availability of drones not only for
industry but also for hobbyists. Restraint
Drone Safety Security Issues Drone use has been
identified as a possible and vital risk to
information security. Several drones have
significant flaws in their designs and lack
wireless security protection systems and footage
encryption software. Some of the existing
threats and vulnerabilities associated with
drones are stated below Susceptibility to
technical issues Technical malfunctions in
drones include application errors such as
connection failures between remote devices of
users and drones, triggering them to either
collapse or fly away. The battery life is
another technical issue that results in a reduced
flight time of drones. Especially in
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span of batteries decreases, leading to a short
flying time and the potential for
cold weather, the life malfunctioning. Prone to
Wi-Fi jamm
ing Drones can also be stolen by sending
de-authentication signals between access points
and devices monitoring drones. This can be done
by overcrowding the planned drone frequency with
a single-board computer and jamming it using the
Wi-Fi signals of hackers. Hackers install and
organize a
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(/CAREER.ASP) COOpNTpAoCrTtUuSn(i/tCyONSTAiCmTuUS
lt.AaSnPe) ous localization and
mapping Simultaneous Localization and Mapping
(SLAM) (https//www.marketsandmarkets.com/Market-
Reports/simultaneous-localization-mapping-market-
17638387.html) algorithms are used to develop
landmark- based, terrain-aided navigation
systems with the capability for online map
building. Such systems simultaneously use the
generated map to bind errors in the inertial
navigation system. SLAM techniques have been
widely used for ground robot navigation, but
only a few are based on vision sensors. Usually,
these techniques are associated with GPS/INS
sensors. Research by S. Lacroix et in 2002
presented a new concept of autonomous UAV
navigation based on a SLAM algorithm and applied
on a 6 DOF airborne platform that the group's
work demonstrated the potential for applying
SLAM-augmented, low-cost GPS/INS systems to UAVs
in GPS-denied situations, such as urban canyons,
indoors, or even underwater. Other Stanford
researchers (K. Jonghyuk et al.) have developed
passive GPS-free navigation for small UAVs
(https//www.marketsandmarkets.com/Market-
Reports/small-uav-market-141134567.html)
operating in areas where GPS signals are jammed
or obscured by natural or man-made features. The
navigation method is based on only an IMU and a
monocular camera, with SLAM providing the
cornerstone of this work. SLAM algorithms will
help drones become more robust and are a major
opportunity for the UAV industry. Challenge
Delivery authentication and cybersecurity
concerns A protocol for authentication of drone
deliveries needs to be in place to ensure privacy
and security. Proper guidelines have to be in
place to ensure that the delivery reaches the
correct recipient. Densely populated suburbs
could require essential thumb/fingerprint
authorization or digital signatures to receive
packages. The rising number of hacking incidents
is also a matter of concern since they have
limited security mechanisms. Companies in the
drone industry provide analytics
software-as-a-service to their clients, which
requires cloud- based servers to process data.
Since the data is transmitted and stored in an
external cloud network, it is prone to hacking.
Industries also need highly secured cloud servers
for data security. Therefore, data security and
data encryption concerns act as a challenge for
the UAV market. Based on Platform, the defense
government segment registered the largest share
in 2022 Based on platform, the UAV market has
been classified into civil commercial and
defense government. Defense Government held
the largest share of market in 2022 owing to high
price of military drones (https//www.marketsandm
arkets.com/Market-Reports/military-drone-market-22
1577711.html). Defense Government segment is
further classified into small , tactical and
strategic. High-altitude long-endurance (HALE)
and medium-altitude long-endurance (MALE) UAVs
fall under the category of strategic drones. At
high altitudes, these UAVs tend to be heavy and
hence, require long endurance and increased
range. The two famous versions of the HALE UAV
are the Global Hawk offered by Northrop Grumman
(US) and Sentinel manufactured by Lockheed
Martin (US).
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e military segment held the leading share of
market in 2022. UAV market is segmented into
military, commercial, government law
enforcement, y segment held the leading share of
the UAV market in 2022 owing to high price of the
m(/)ilitary UAVs. The military UAVs are further
segmented into ISR, combat operations, and
delivery. The delivery sub-segment of the
military UAVs is anticipated to record the
highest growth during the forecast period as
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Based on application, th Based on application,
the and consumer. The militar
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CONTACT US (/CONTACTUS.ASP) used by military
forces to supply ammunition and food. For
instance, through its website, the Program
Executive Office for Unmanned Aviation and Strike
Weapons of the US Marine Corps has requested
information from UAV manufacturers regarding
unmanned vehicles with a weight of not more than
1.320 pounds that can operate in harsh
environmental conditions for delivering emergency
supplies in battlefields.
By Type, fixed-wing segment witness strong growth
in market during the forecast period By Type, the
UAV market has been classified into fixed-wing
and rotary-wing. The fixed-wing segment is
further divided into CTOL and VTOL. Vertical
take-off and landing (VTOL) fixed-wing UAVs are
used in a broad range of commercial and military
aerial applications. The capability of these UAVs
to vertically take off and land, devoid of the
requirement of launchers or runways, permits them
to be operated in any location or surroundings.
The fixed- wing design of these UAVs offers
improved endurance. VTOL fixed-wing UAVs can
travel long distances at high speed, thereby
offering more extensive coverage than multirotor
UAVs. These UAVs are used in various
applications such as farming, surveying, and
mapping, along with infrastructure inspections,
surveillance activities, etc. In January 2022,
German drone delivery pioneer Wingcopter and
Spright, a subsidiary of leading American air
medical service provider Air Methods, announced
an agreement worth more than USD 16 million. The
North America region held the major share of the
UAV market in 2022 The growth of the UAV market
in North America can be attributed to the
increasing adoption of drones (https//www.market
sandmarkets.com/Market-Reports/agriculture-drones-
market-23709764.html) for commercial and defense
applications. In recent years, drone
manufacturers have been focusing on the
development of UAVs that are cost-effective,
efficient, lightweight, and capable of carrying
large payloads over long distances. Such drones
are ideal for commercial applications such as
last-mile delivery of products, medicines, and
postal packages. Canada is focused on developing
its armed forces and, specifically, its air force
by increasing its fleet of combat aircraft and
tankers. The existing defense policy of the
country is strong, with a long-term (20 years)
funding commitment that will allow the Canadian
Armed Force to enhance its capabilities. This
will further increase the demand for UAVs in the
country. In May 2021, the Canadian military
confirmed that it was issuing formal bids for
the purchase of armed drones worth USD 5 billion.
For this, the force had already established a
central hub in Ottawa, and the procured drones
were expected to be operated from this hub. This
central hub is expected to have 300 members,
including pilots and technicians. Based on
Industry, Logistics Transportation segment
accounted for highest CAGR By industry, the UAV
market has been segmented into defense
security, logistics transportation,
agriculture, energy power, construction
mining, media entertainment, insurance,
wildlife forestry, academics research.
Logistics Transportation segment is estimated
to record the highest CAGR during the forecast
period with the significant growth of the global
e-commerce sector, postal companies are opting
for new methods to modify their traditional
delivery business models. With several countries
focusing on the use of UAVs for postal
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5
to advance mail delivery operations and support
its collection of geospatial, sensor, mpanies
such as DJI (China) are actively developing
solutions for UAV-based package s already
developed these services. Lower cost, density of
urban environments, and the (r/i)sing demand for
reduced delivery times are contributing to the
growth of this segment The Asia Pacific region
is projected to Grow at hSiiggnhIens(htttCpsA//Gw
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UAVs into its vehicle fleets image, and other
data. Co delivery. Amazon (US) ha
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inCAmREilEitRaSry(/CsApReEnEdR.iAnSgP)(defense
and CONTACT US (/CONTACTUS.ASP) homeland
security) of the countries in the region to
enhance their defense capabilities. Moreover,
political tensions in countries of Asia Pacific
have led to the deployment of drones to ensure
the security of their borders. This serves to be
one of the most significant factors driving the
growth of the UAV market in the region. The
prevailing trends of automation in India,
Australia, and China and the ongoing
globalization are also fueling the growth of the
UAV market in Asia Pacific. UAVs are being
increasingly used in the real estate, pollution
monitoring, and agriculture sectors to carry out
inspections in China and Japan. The demand for
UAVs in China is increasing for military and
commercial applications. Manufacturers in the
country have been focusing on the development of
high-performance drones that can work in
different temperatures. In addition, China has
secured the second position in the list of top
10 countries with the highest defense budgets. In
2021, China invested USD 293.0 billion in the
defense sector.
UAV Market by Region To know about the
assumptions considered for the study, download
the pdf brochure (https//www.marketsandmarkets.co
m/pdfdownloadNew.asp?id662) The break-up of the
profiles of primary participants in the small
drone
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y-12.html).
6
Tier 132 Tier 240 and Tier 328 evel
Executives35 Directors25and
Others40 merica39.19 Europe21.06
AsiaPacific28.25Middle East10 Latin
America 6.0 and Africa6.9
By Company Type By Designation CL By Region
North A
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Top UAV Companies - Key Market Players
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LcYoSmTB/RRIEeFsINeGaSr.cHhTIMnLs)
igChAt/RuEnEmRSa(n/CnAeRdEE-aRe.ArSiaP)l-vehicles-
uav- CONTACT US (/CONTACTUS.ASP) market.asp) are
dominated by a few globally established players
such as DJI (https//www.dji.com/)
(China), Northrop Grumman Corporation
(https//www.northropgrumman.com/) (US) Raytheon
Technologies Corporation (https//www.rtx.com/)
(US), Israel Aerospace Industry Ltd.
(https//www.iai.co.il/) (Israel), General
Atomics Aeronautical Systems (https//www.ga.com/
) (GA-ASI). These players have adopted various
growth strategies such as contracts, joint
ventures, partnerships agreements,
acquisitions, and new product launches to further
expand their presence in the UAV market.
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Scope of the Report
Report Metric
Details
Estimated Market Size
USD 26.2 Billion
Projected Market Size
USD 38.3 Billion
Growth Rate
7.9
Market size available for years
2019-2027
Base year considered
2021
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2022-2027 Value (USD)
Forecast period Forecast units
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Segments covered HOME (/) ABOUT US
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By Point of Sale, By Systems, By Platform, By
Function, By End Use, By
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Application, By Type, By Mode of Operation, MTOW,
Range and By Region
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North America, Asia Pacific, Europe, the Middle
East, Latin America, and Africa
Geographies covered
DJI (China), Parrot Drone SAS (France), Israel
Aerospace Industry Ltd. (Israel), AeroVironment,
Inc. (US), and Lockheed Martin Corporation (US)
Companies covered
Companies covered (Drone start-ups and UAV
ecosystem)
Delair (France), Microdrones GmbH (Germany),
Turkish Aerospace Industries (Turkey), Shield AI
(US)
UAV Market Highlights This research report
categorizes the UAV market based on platform,
type, application, mode of operation, power
source, and region Aspects Details
OEM Aftermarket
By Point of Sale
Platform Payload Datalink Ground Control
Station Launch Recovery System
By Systems
Civil Commercial Defense Government
By Platform
Fixed Wing Rotary Wing Hybrid
By Type
Military Commercial Government Law Consumer
By Application
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Remotely Piloted Optionally Piloted Fully
Autonomous
By Mode of Operation
(/)
By End-Use
Military
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Agriculture
CONTACT US (/CONTACTUS.ASP)
Insurance Energy Mining Quarrying
OG Transport, Logistics Warehousing
Journalism Media Arts, Entertainment
Recreation Healthcare Social Assistance
lt25 KG 25-170 KG gt170 KG
UAV Market, By MTOW
Visual Line Of Sight Extended Visual Line Of
Sight Beyond Visual Line Of Sight
UAV Market, By Range
North America Europe Asia Pacific Middle East
Latin America Africa
By Region
Recent Developments In June 2022, DJI launched
DJI RS 3 and DJI RS 3 Pro, which incorporate a
range of new features. A redesigned axes-locking
system means that the process is now automated.
By turning on the gimbal, the automated axis
locks release and unfold the gimbal, allowing the
operator to get started in seconds. In March
2022, DJI launched DJI RS 3 and DJI RS 3 Pro,
which incorporate a range of new features to get
filmmakers up and running as quickly as possible.
A redesigned axes-locking system means that the
process is now automated. By simply turning on
the gimbal, the automated axis locks release and
unfold the gimbal, allowing the operator to get
started in seconds. In May 2022, General Atomics
Aeronautical Systems launched Gambit a Autonomous
Collaborative Platform (ACP) designed through
digital engineering to speed its time to market
and lower acquisition costs. Gambit is part of a
broader Family of Systems strategy that began
with Predator and Reaper and continues in
support of USAF's future force design concepts.
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General Atomics Aeronautical Systems announced
launch of Mojave a unmanned aerial le of short
takeoff and landing (STOL). The Mojave completed
its first test flight in the was formally
unveiled by GA on 9 December 2021. It is being
developed to fulfill the role of an unmanned
combat aerial vehicle that can operate from more
rugged terrain with a combat loadout while also
offering the option to be outfitted with various
electronic systems to assist ground troops.
In December 2021, vehicle (UAV) capab summer of
2021 and
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gSrPa)nt from the Ministry
CONTACT US (/CONTACTUS.ASP) of Land,
Infrastructure, Transport, and Tourism of Japan
(MLIT) with a local partner.
Frequently Asked Questions (FAQs) What is the
current size of the UAV market? Who are the
winners in the UAV market? What are some of the
technological advancements in the market? What
are the factors driving the growth of the
market? To speak to our analyst for a discussion
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ADJACENT MARKETS Drone Simulator Market
(/Market-Reports/drone-simulator-market-145601556.
html) Drone Defense System Market
(/Market-Reports/drone-identification-market-85835
738.html) VTOL UAV Market (/Market-Reports/vtol-u
av-market-192738850.html) Multirotor Drones
Market (/Market-Reports/multirotor-drones-market-1
77177851.html) Autonomous Last Mile Delivery
Market (/Market-Reports/autonomous-last-mile-deliv
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