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Global Unmanned Aerial Vehicle (UAV) Market: By Class: Small and Medium UAV, Large UAV; By Systems: Platform, Payload, Datalink, Ground Control Station, Others; By Function; By End Use; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics; Competitive Landscape; Industry Events and Developments
Global Unmanned Aerial Vehicle (UAV) Market Outlook
The global unmanned aerial vehicle (UAV) market stood at a value of around USD 27.21 billion in 2021. The market is further expected to grow at a CAGR of 16.50% in the forecast period of 2023-2028 to attain a value of nearly USD 68.04 billion by 2027.
The Large UAV Segment Holds a Significant Share in the Global Unmanned Aerial Vehicle (UAV) Industry
The large UAV segment, based on class, accounts for a significant share in the market. Large UAVs have large rotors, which propels the air time of the drone, making it more efficient. Large UAVs have more payload capacity, which is one of the many benefits offered by the product. In the case of drones, greater payloads can enable them perform more tasks in various fields.
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In the military and defence sector, large UAVs have a huge demand owing to the ability of the product to carry heavy payloads into combat. Furthermore, large UAVs make it easier to add LiDAR technology, GPS system, RGB imaging system, and comparatively high number of sensors. These factors are aiding the growth of the segment.
The Asia Pacific Accounts for a Significant Share in the Global Market for Unmanned Aerial Vehicle (UAV)
The unmanned aerial vehicle (UAV) industry in the Asia Pacific is driven by the increasing military expenditure in countries like India, China, and South Korea, among others, owing to the growing risk of foreign intrusion in the territories. In addition to this, the advancements in drone technology and the favourable government initiatives to bolster the production capacity are likely to propel the market for UAVs in the forecast period. Furthermore, the growing adoption of drones in the region for search and rescue operations is likely to provide an impetus to the market.
Unmanned Aerial Vehicle (UAV): Market Segmentation
An unmanned aerial vehicle (UAV), also known as a drone, is defined as an airborne-system operated by humans or autonomously controlled by a computing system. Modern UAVs are generally controlled by remotes and provide several advantages, including high-quality aerial imaging, easy deployability, and improved precision, among others.
Based on class, the market can be segmented into:
- Small and Medium UAV
- Large UAV
The different systems include:
- Platform
- Payload
- Datalink
- Ground Control Station
- UAV Launch and Recovery System
The division of the market, on the basis of function, is as follows:
- Inspection and Monitoring
- Remote Sensing
- Product Delivery
- Search and Rescue
- Surveying and Mapping
- Border Management
- Photography and Film Production
- Others
The significant end uses of the product include:
- Military and Defence
- Civil and Commercial
- Logistics and Transportation
- Energy and Power
- Construction and Mining
- Others
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Rising Applications of UAV in the Commercial Sector to Boost the Growth of the Unmanned Aerial Vehicle (UAV) Industry
The global unmanned aerial vehicle (UAV) industry is driven by the rising applications of drones in the commercial sector owing to the rapid technological advancements and the changing consumer behaviour. Additionally, the UAV technology can provide crucial benefits to farmers, aiding the agricultural sector. These advantages include ameliorated productivity, reduced pollution, lower analysis costs, bolstered employment opportunities, and easier adaptation to changing climate. Hence, the rising demand for UAVs from the agriculture sector is expected to further augment the market growth. Meanwhile, the growing utilisation of unmanned aerial vehicles in the government and defence sector is likely to provide lucrative opportunities to the market.
Key Industry Players in the Global Unmanned Aerial Vehicle (UAV) Market
The report gives a detailed analysis of the following key players in the global unmanned aerial vehicle (UAV) market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Northrop Grumman Corporation
- BAE Systems plc
- Israel Aerospace Industries Ltd.
- AeroVironment, Inc.
- Elbit Systems Ltd.
- Teledyne FLIR LLC
- Raytheon Technologies
- Insitu, Inc.
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Class, Systems, Function, End Use, Region |
| Breakup by Class | Small and Medium UAV, Large UAV |
| Breakup by Systems | Platform, Payload, Datalink, Ground Control Station, UAV Launch and Recovery System |
| Breakup by Function | Inspection and Monitoring, Remote Sensing, Product Delivery, Search and Rescue, Surveying and Mapping, Border Management, Photography and Film Production, Others |
| Breakup by End Use | Military and Defence, Civil and Commercial, Logistics and Transportation, Energy and Power, Construction and Mining, Others |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Northrop Grumman Corporation, BAE Systems plc, Israel Aerospace Industries Ltd., AeroVironment, Inc., Elbit Systems Ltd., Teledyne FLIR LLC, Raytheon Technologies, Insitu, Inc., Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Unmanned Aerial Vehicle (UAV) Market Analysis
8.1 Key Industry Highlights
8.2 Global Unmanned Aerial Vehicle (UAV) Historical Market (2018-2022)
8.3 Global Unmanned Aerial Vehicle (UAV) Market Forecast (2023-2028)
8.4 Global Unmanned Aerial Vehicle (UAV) Market by Class
8.4.1 Small and Medium UAV
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Large UAV
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.5 Global Unmanned Aerial Vehicle (UAV) Market by Systems
8.5.1 Platform
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Payload
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.3 Datalink
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2022)
8.5.3.3 Forecast Trend (2023-2028)
8.5.4 Ground Control Station
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2018-2022)
8.5.4.3 Forecast Trend (2023-2028)
8.5.5 UAV Launch and Recovery System
8.5.5.1 Market Share
8.5.5.2 Historical Trend (2018-2022)
8.5.5.3 Forecast Trend (2023-2028)
8.6 Global Unmanned Aerial Vehicle (UAV) Market by Function
8.6.1 Inspection and Monitoring
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Remote Sensing
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.6.3 Product Delivery
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2022)
8.6.3.3 Forecast Trend (2023-2028)
8.6.4 Search and Rescue
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2018-2022)
8.6.4.3 Forecast Trend (2023-2028)
8.6.5 Surveying and Mapping
8.6.5.1 Market Share
8.6.5.2 Historical Trend (2018-2022)
8.6.5.3 Forecast Trend (2023-2028)
8.6.6 Border Management
8.6.6.1 Market Share
8.6.6.2 Historical Trend (2018-2022)
8.6.6.3 Forecast Trend (2023-2028)
8.6.7 Photography and Film Production
8.6.7.1 Market Share
8.6.7.2 Historical Trend (2018-2022)
8.6.7.3 Forecast Trend (2023-2028)
8.6.8 Others
8.7 Global Unmanned Aerial Vehicle (UAV) Market by End Use
8.7.1 Military and Defence
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2018-2022)
8.7.1.3 Forecast Trend (2023-2028)
8.7.2 Civil and Commercial
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2018-2022)
8.7.2.3 Forecast Trend (2023-2028)
8.7.3 Logistics and Transportation
8.7.3.1 Market Share
8.7.3.2 Historical Trend (2018-2022)
8.7.3.3 Forecast Trend (2023-2028)
8.7.4 Energy and Power
8.7.4.1 Market Share
8.7.4.2 Historical Trend (2018-2022)
8.7.4.3 Forecast Trend (2023-2028)
8.7.5 Construction and Mining
8.7.5.1 Market Share
8.7.5.2 Historical Trend (2018-2022)
8.7.5.3 Forecast Trend (2023-2028)
8.7.6 Others
8.8 Global Unmanned Aerial Vehicle (UAV) Market by Region
8.8.1 North America
8.8.1.1 Market Share
8.8.1.2 Historical Trend (2018-2022)
8.8.1.3 Forecast Trend (2023-2028)
8.8.2 Europe
8.8.2.1 Market Share
8.8.2.2 Historical Trend (2018-2022)
8.8.2.3 Forecast Trend (2023-2028)
8.8.3 Asia Pacific
8.8.3.1 Market Share
8.8.3.2 Historical Trend (2018-2022)
8.8.3.3 Forecast Trend (2023-2028)
8.8.4 Latin America
8.8.4.1 Market Share
8.8.4.2 Historical Trend (2018-2022)
8.8.4.3 Forecast Trend (2023-2028)
8.8.5 Middle East and Africa
8.8.5.1 Market Share
8.8.5.2 Historical Trend (2018-2022)
8.8.5.3 Forecast Trend (2023-2028)
9 North America Unmanned Aerial Vehicle (UAV) Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2022)
9.1.3 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2022)
9.2.3 Forecast Trend (2023-2028)
10 Europe Unmanned Aerial Vehicle (UAV) Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2022)
10.1.3 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2022)
10.2.3 Forecast Trend (2023-2028)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2022)
10.3.3 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2022)
10.4.3 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Unmanned Aerial Vehicle (UAV) Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2022)
11.1.3 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2022)
11.2.3 Forecast Trend (2023-2028)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2022)
11.3.3 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2022)
11.4.3 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2022)
11.5.3 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Unmanned Aerial Vehicle (UAV) Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2022)
12.1.3 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2022)
12.2.3 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2022)
12.3.3 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Unmanned Aerial Vehicle (UAV) Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2022)
13.1.3 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2022)
13.2.3 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2022)
13.3.3 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2022)
13.4.3 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Northrop Grumman Corporation
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 BAE Systems plc
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Israel Aerospace Industries Ltd.
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 AeroVironment, Inc.
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Elbit Systems Ltd.
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Teledyne FLIR LLC
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Raytheon Technologies
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Insitu, Inc.
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Unmanned Aerial Vehicle (UAV) Market: Key Industry Highlights, 2018 and 2028
2. Global Unmanned Aerial Vehicle (UAV) Historical Market: Breakup by Class (USD Billion), 2018-2022
3. Global Unmanned Aerial Vehicle (UAV) Market Forecast: Breakup by Class (USD Billion), 2023-2028
4. Global Unmanned Aerial Vehicle (UAV) Historical Market: Breakup by Systems (USD Billion), 2018-2022
5. Global Unmanned Aerial Vehicle (UAV) Market Forecast: Breakup by Systems (USD Billion), 2023-2028
6. Global Unmanned Aerial Vehicle (UAV) Historical Market: Breakup by Function (USD Billion), 2018-2022
7. Global Unmanned Aerial Vehicle (UAV) Market Forecast: Breakup by Function (USD Billion), 2023-2028
8. Global Unmanned Aerial Vehicle (UAV) Historical Market: Breakup by End Use (USD Billion), 2018-2022
9. Global Unmanned Aerial Vehicle (UAV) Market Forecast: Breakup by End Use (USD Billion), 2023-2028
10. Global Unmanned Aerial Vehicle (UAV) Historical Market: Breakup by Region (USD Billion), 2018-2022
11. Global Unmanned Aerial Vehicle (UAV) Market Forecast: Breakup by Region (USD Billion), 2023-2028
12. North America Unmanned Aerial Vehicle (UAV) Historical Market: Breakup by Country (USD Billion), 2018-2022
13. North America Unmanned Aerial Vehicle (UAV) Market Forecast: Breakup by Country (USD Billion), 2023-2028
14. Europe Unmanned Aerial Vehicle (UAV) Historical Market: Breakup by Country (USD Billion), 2018-2022
15. Europe Unmanned Aerial Vehicle (UAV) Market Forecast: Breakup by Country (USD Billion), 2023-2028
16. Asia Pacific Unmanned Aerial Vehicle (UAV) Historical Market: Breakup by Country (USD Billion), 2018-2022
17. Asia Pacific Unmanned Aerial Vehicle (UAV) Market Forecast: Breakup by Country (USD Billion), 2023-2028
18. Latin America Unmanned Aerial Vehicle (UAV) Historical Market: Breakup by Country (USD Billion), 2018-2022
19. Latin America Unmanned Aerial Vehicle (UAV) Market Forecast: Breakup by Country (USD Billion), 2023-2028
20. Middle East and Africa Unmanned Aerial Vehicle (UAV) Historical Market: Breakup by Country (USD Billion), 2018-2022
21. Middle East and Africa Unmanned Aerial Vehicle (UAV) Market Forecast: Breakup by Country (USD Billion), 2023-2028
22. Global Unmanned Aerial Vehicle (UAV) Market Structure
Key Questions Answered in the Report
In 2021, the global unmanned aerial vehicle (UAV) market attained a value of nearly USD 27.21 billion.
The market is estimated to grow at a CAGR of 16.50% between 2023 and 2028.
The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach USD 68.04 billion by 2027.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major drivers of the industry, such as the rising applications of UAVs in the government and defence and commercial sectors, rapid technological advancements, and growing urbanisation, are expected to aid the market growth.
The key market trends guiding the growth of the industry include the growing mergers and acquisitions by UAV manufacturers to expand their business.
Small and medium UAV and large UAV are the major market segmentations based on class.
Platform, payload, datalink, ground control station, and UAV launch and recovery system are the major systems of UAVs.
Inspection and monitoring, remote sensing, product delivery, search and rescue, surveying and mapping, border management, photography and film production, and others are the different functions of the product.
Military and defence, civil and commercial, logistics and transportation, energy and power, construction and mining, and others are the different end uses of the product.
The major players in the industry are Northrop Grumman Corporation, BAE Systems plc, Israel Aerospace Industries Ltd., AeroVironment, Inc., Elbit Systems Ltd., Teledyne FLIR LLC, Raytheon Technologies, and Insitu, Inc., among others.
Analyst Review
The global unmanned aerial vehicle (UAV) market attained a value of USD 27.21 billion in 2021, driven by the rising applications of unmanned aerial vehicles (UAVs) in various end use industries. Aided by the growing mergers and acquisitions by the major UAV manufacturers and the growing technological advancements, the market is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 16.50%. The market is projected to reach USD 68.04 billion by 2027.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on class, the market is divided into small and medium UAV and large UAV. On the basis of system, the market is divided into platform, payload, datalink, ground control station, and UAV launch and recovery system. By function, the market is divided into inspection and monitoring, remote sensing, product delivery, search and rescue, surveying and mapping, border management, photography and film production, and others. The significant end uses of the product include military and defence, civil and commercial, logistics and transportation, energy and power, construction and mining, and others. The major regional markets for unmanned aerial vehicle (UAV) are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Northrop Grumman Corporation, BAE Systems plc, Israel Aerospace Industries Ltd., AeroVironment, Inc., Elbit Systems Ltd., Teledyne FLIR LLC, Raytheon Technologies, and Insitu, Inc., among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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