North America Unmanned Aerial Vehicle (UAV) Market Report and Forecast 2024-2032

North America Unmanned Aerial Vehicle (UAV) Market Size

The North America unmanned aerial vehicle (UAV) market reached USD 11.56  billion in 2023. The market is expected to grow at a CAGR of 9.70% between 2024 and 2032, reaching USD 26.83 billion by 2032.

North America Unmanned Aerial Vehicle (UAV) Market Outlook

• As per the Department of Defense (DOD), USD 2.02 trillion in budgetary resources is available in 2024 to the DOD.

• As per the World Bank, the military expenditure of Canada in 2022 was over USD 26.9 billion.

• The value of manufacturers’ shipments in defence search and navigation equipment in March 2024 was over USD 3.4 billion.

North America Unmanned Aerial Vehicle (UAV) Market Growth

The North America Unmanned Aerial Vehicle (UAV) market growth is led by rising defence budgets in the domestic region coupled with many end uses of UAVs.

UAVs in the military and in defence agencies play a huge role, their uses span intelligence, surveillance, reconnaissance, target acquisition, strike missions, and more. They are also commonly used for monitoring the borders, conflict zone surveillance, and offensive actions. They are fitted with up-to-date technologies like high-resolution cameras and sensors. Moreover, the rising defence budget is a major factor driving demand, with concerns regarding geopolitical tensions.

UAVs have massive use cases in several industries and owing to rising budgets in the military and defence to counter rising international threats and attacks, the industry is likely to show growth. As of October 2023, Amazon announced the use of ‘Prime Air’ drones in 3 US locations to facilitate logistics.

Civil and commercial end uses consist of use in agriculture to monitor crops or detect pests, infrastructure inspection for bridges or power lines, topographic mapping and surveying, aerial cinematography in media and entertainment, public safety in search and rescue missions, delivery and logistics in transportation of goods through airways, and environmental monitoring, including wildlife tracking.

North America Unmanned Aerial Vehicle (UAV) Market Segmentation

North America Unmanned Aerial Vehicle (UAV) Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:

Market Breakup by Class

• Small and Medium UAV

• Large UAV

Market Breakup by Systems

• Platform

• Payload

• Datalink

• Ground Control Station

• UAV Launch and Recovery System

Market Breakup by Function

• Inspection and Monitoring

• Remote Sensing

• Product Delivery

• Search and Rescue

• Surveying and Mapping

• Border Management

• Photography and Film Production

• Others

Market Breakup by End Use

• Military and Defence

• Civil and Commercial

• Energy and Power

• Logistics and Transportation

• Construction and Mining

• Others

Market Breakup by Country

• United States of America

• Canada

North America Unmanned Aerial Vehicle (UAV) Market Share

Characterised by their small size, small and medium UAVs - also referred to as drones, lead growth in the Unmanned Aerial Vehicle (UAV) market in the domestic region. They have a wide range of applications ranging from aerial photography and surveillance to agriculture and infrastructure inspection among other civil, commercial and military uses.

Leading Companies in the North America Unmanned Aerial Vehicle (UAV) Market

Major market players are expanding their outreach through investments in rising technological advancements through AI Integration, integration of advanced sensors and data analytics tools.

• Northrop Grumman Corp.

• BAE Systems Plc

• Lockheed Martin Corp.

• RTX Corp.

• Boeing Co.

• AeroVironment, Inc.

• Elbit Systems Ltd.

• Airbus SE

• Thales S.A.

• Safran S.A.

• Others

Key Highlights of the Report