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Unmanned Aerial Vehicle (UAV) Market

Global Unmanned Aerial Vehicle (UAV) Market Size, Analysis: By Class: Small and Medium UAV, Large UAV; By Systems: Platform, Payload, Datalink, Ground Control Station, UAV Launch and Recovery System; By Function: Inspection and Monitoring, Others; By End Use; Regional Analysis; Competitive Landscape; 2024-2032

Global Unmanned Aerial Vehicle (UAV) Market Outlook

The global unmanned aerial vehicle (UAV) market size reached USD 37.46 billion in 2023. The market is expected to grow at a CAGR of 16.5% between 2024 and 2032, reaching almost USD 148.19 billion by 2032.

 

Key Takeaways:

  • The US Department of Defence deploys DoD UAS across all branches, including the National Guard, totalling over 11,000 for training and missions.
  • According to the World Bank, US military spending has risen, reaching USD 876.94 billion in 2022, greatly boosting the global unmanned aerial vehicle UAV market.
  • UAVs find applications in defence, aerial photography, precision agriculture, forest fire monitoring, river surveillance, environmental monitoring, policing, infrastructure inspections, smuggling deterrence, product deliveries, entertainment, and drone racing.

 

The growth of the global unmanned aerial vehicle (UAV) market is being propelled by the rising utilization of UAVs in civil and commercial settings, their increasing deployment in border patrol and anti-terrorism efforts, as well as the permissions granted by regulatory bodies worldwide for their use across various industries.

 

In the business sector, small UAVs are becoming more prevalent for tasks such as data collection, aerial photography, and agricultural uses. In military contexts, unmanned combat aerial vehicles (UCAVs) are seen as cost-effective alternatives to traditional combat aircraft.

 

As per the World Bank, the United States military spending has shown an upward trend, reaching USD 876.94 billion in 2022. This surge in expenditure has contributed significantly to the expansion of the global unmanned aerial vehicle (UAV) industry, primarily due to the increased utilization of UAVs in military and defence operations.

 

Global Unmanned Aerial Vehicle (UAV) Market

 

Key Trends and Developments

The global unmanned aerial vehicle (UAV) market growth is fuelled by technological innovations, government initiatives, safety measures, and disaster management strategies.

 

February 2024

Aviant launched the world's longest-distance autonomous UAV delivery in Lillehammer, Norway. Residents receive groceries, medicines, and restaurant meals via Kyte UAV service, delivered right to their doorstep.

 

February 2024

South Korea launched UAV development for deployment on ROK Navy vessels, with reconnaissance and surveillance roles. Hanwha Systems leads as the main contractor and systems integrator, utilizing the S-300 platform provided by Schiebel.


September 2023

Cipla introduced drone-based deliveries of vital medications (including cardiac, respiratory, and essential chronic therapies) to hospitals and pharmacies in Himachal Pradesh, partnering with Skye Air Mobility, covering around 50 kilometers in less than 25 minutes.

 

August 2023

Iran revealed its newest indigenous UAV, named "Mohajer-10," boasting improved features such as increased altitude, extended flight duration, and enhanced payload capacity.

 

Technological innovations and advancements

The global unmanned aerial vehicle (UAV) market development is attributed to advancements in GPS, navigation, battery life, and sensors that enhance UAV versatility. Features such as obstacle detection, AI, and machine learning enable precise tasks. Further, reduced costs and increasing accessibility result from industry collaboration and innovation.

 

Government initiatives

As per the global unmanned aerial vehicle (UAV) market analysis, government regulations and supportive policies are pivotal in moulding the Nation's strive to create precise legal frameworks that ensure safe and responsible UAV operations, encompassing aspects such as pilot qualifications, flight boundaries, privacy protection, and safety criteria.

 

Disaster Management

Post-natural disasters such as earthquakes, floods, and wildfires, UAVs swiftly assess and provide real-time data, improving rescue and relief efforts. Their ability to reach inaccessible areas, provide aerial images, and deliver essential supplies makes UAVs crucial in emergencies.

 

Safety measures

Rising incidents of workplace injuries drive demand for commercial UAVs in public and private sectors, aiming to reduce human labour and improve worker safety. This trend is amplified by increased adoption in industries like mining, construction, and energy for hazardous tasks, such as inspecting high-voltage power lines, and unstable structures, and collecting data in risky environments thus boosting the global unmanned aerial vehicle (UAV) market.

 

Global Unmanned Aerial Vehicle (UAV) Market Trends

As per the global unmanned aerial vehicle (UAV) market report, in the agriculture sector, UAVs offer swift and efficient monitoring of expansive fields, supplying essential information on crop health, irrigation requirements, and pest levels. Likewise, the growing integration of commercial UAVs in the logistics industry aids in cutting delivery times and labour expenses, fuelling global demand.

 

Additionally, top companies are investigating UAV delivery to expedite shipping, especially for small, time-critical packages. Moreover, the increasing use of commercial UAVs contributes to cost reductions while boosting operational efficiency and productivity.

 

Global Unmanned Aerial Vehicle (UAV) Market

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Market Segmentation

Global 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
  • Construction and Mining
  • Others

 

Market Breakup by Region       

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

 

The small and medium UAV segment is driving growth of the global unmanned aerial vehicle (UAV) market by providing cost-effective, agile, and readily deployable aerial solutions across various industries

Small and medium UAVs find applications in aerial photography, precision agriculture, forest fire monitoring, river monitoring, environmental surveillance, policing, infrastructure inspections, smuggling deterrence, product deliveries, entertainment, and UAV racing.

 

Large UAVs are utilized for intelligence gathering, surveillance, target acquisition, reconnaissance, and carrying aircraft ordnance such as missiles, ATGMs (Anti-Tank Guided Missiles), and bombs.

 

Based on function, border management is supplementing the global unmanned aerial vehicle (UAV) market growth by revolutionizing military and defence operations with improved reconnaissance, surveillance, and target acquisition capabilities

The increasing requirement for immediate situational awareness, border protection, and counterterrorism initiatives drives the need for sophisticated UAV technologies.

 

UAV remote sensing technologies capture images, thermal readings, multispectral and hyperspectral data, LiDAR measurements, and other forms of information. UAVs are used to photograph or film specific areas or events,

 

such as concerts, inaugurations, and political rallies, from the air without disrupting the community.

 

Based on end use, the global unmanned aerial vehicle (UAV) market share is led by the military and defence sector

UAVs can play a role on the battlefield by designating targets for precision-guided munitions launched from manned systems or by directly deploying these munitions themselves.

 

In mining operations, UAVs gather a wealth of data points, surpassing traditional surveying and inspection methods. It enables the mining industry to acquire more precise and systematic data for operations such as volume estimations.

 

Global Unmanned Aerial Vehicle (UAV) Market

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Competitive Landscape

Market players are driving the global unmanned aerial vehicle (UAV) market growth by offering UAVs for defence, aerospace, and security solutions tailored to air, land, and maritime uses.

 

Northrop Grumman Corporation, founded in 1994 and based in the United States, is a prominent global aerospace, defence, and security company. Much of its operations are conducted with the U.S. government, particularly the Department of Defence and the intelligence community, but it also offers solutions to clients worldwide, including commercial customers.

 

BAE Systems plc, established in 1999 and headquartered in the UK, is a defence contractor and systems integrator specializing in defence, aerospace, and security solutions for air, land, and maritime applications. The company provides a range of products, including advanced electronics, cybersecurity and intelligence solutions, information technology services, and support services.

 

Israel Aerospace Industries Ltd., founded in 1953 and based in Israel, specializes in the design, development, production, and maintenance of civil aircraft, UAVs, fighter aircraft, missiles, avionics, and space-based systems. IAI is primarily focused on engineering, aviation, and high-tech electronics, along with manufacturing military systems for ground and naval forces.

 

AeroVironment, Inc., established in 1971 and headquartered in the US, specializes in the marketing of small Unmanned Aircraft Systems, Loitering Munition Systems, Unmanned Ground Vehicles, and High-Altitude Pseudo-Satellites. The company provides actionable intelligence to empower troops, engineers, and other professionals, enabling them to proceed with confidence.

 

Other key players in the global unmanned aerial vehicle (UAV) market are Elbit Systems Ltd., Teledyne FLIR LLC, Raytheon Technologies, The Boeing Company, General Atomics, Airbus SE, Safran S.A., Thales Group, mdGroup, and Lockheed Martin Corporation among others.

 

Global Unmanned Aerial Vehicle (UAV) Market Analysis by Region

In North America, advancements in technology and regulations, alongside diverse UAV applications, drive the industry. Robust research, entrepreneurship, and UAV roles in agriculture, infrastructure, and safety propel market growth, supported by accommodating regulatory frameworks emphasizing safety.

 

The Department of Defence in the USA utilises DoD UAS across all four defence services, including the National Guard. Currently, the Department operates over 11,000 UAS for domestic training and overseas missions.

 

As per the global unmanned aerial vehicle (UAV) market analysis, Asia Pacific boasts a growing aerospace industry, particularly in China and India, along with investments in UAV startups. This dynamic ecosystem encourages ongoing innovation and competition. The region's expansive landscapes and diverse industries drive demand for UAVs with a range of capabilities, from precision agriculture to disaster response.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
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
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
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 Corporation
  • The Boeing Company
  • General Atomics
  • Airbus SE
  • Safran S.A.
  • Thales Group
  • mdGroup
  • Lockheed Martin Corporation
  • 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    Market 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 (2018-2023) 
    8.3    Global Unmanned Aerial Vehicle (UAV) Market Forecast (2024-2032)
    8.4    Global Unmanned Aerial Vehicle (UAV) Market by Class
        8.4.1    Small and Medium UAV
            8.4.1.1    Historical Trend (2018-2023)
            8.4.1.2    Forecast Trend (2024-2032)
        8.4.2    Large UAV
            8.4.2.1    Historical Trend (2018-2023)
            8.4.2.2    Forecast Trend (2024-2032)
    8.5    Global Unmanned Aerial Vehicle (UAV) Market by Systems
        8.5.1    Platform
            8.5.1.1    Historical Trend (2018-2023)
            8.5.1.2    Forecast Trend (2024-2032)
        8.5.2    Payload
            8.5.2.1    Historical Trend (2018-2023)
            8.5.2.2    Forecast Trend (2024-2032)
        8.5.3    Datalink
            8.5.3.1    Historical Trend (2018-2023)
            8.5.3.2    Forecast Trend (2024-2032)
        8.5.4    Ground Control Station
            8.5.4.1    Historical Trend (2018-2023)
            8.5.4.2    Forecast Trend (2024-2032)
        8.5.5    UAV Launch and Recovery System
            8.5.5.1    Historical Trend (2018-2023)
            8.5.5.2    Forecast Trend (2024-2032)
    8.6    Global Unmanned Aerial Vehicle (UAV) Market by Function
        8.6.1    Inspection and Monitoring
            8.6.1.1    Historical Trend (2018-2023)
            8.6.1.2    Forecast Trend (2024-2032)
        8.6.2    Remote Sensing
            8.6.2.1    Historical Trend (2018-2023)
            8.6.2.2    Forecast Trend (2024-2032)
        8.6.3    Product Delivery
            8.6.3.1    Historical Trend (2018-2023)
            8.6.3.2    Forecast Trend (2024-2032)
        8.6.4    Search and Rescue
            8.6.4.1    Historical Trend (2018-2023)
            8.6.4.2    Forecast Trend (2024-2032)
        8.6.5    Surveying and Mapping
            8.6.5.1    Historical Trend (2018-2023)
            8.6.5.2    Forecast Trend (2024-2032)
        8.6.6    Border Management
            8.6.6.1    Historical Trend (2018-2023)
            8.6.6.2    Forecast Trend (2024-2032)
        8.6.7    Photography and Film Production
            8.6.7.1    Historical Trend (2018-2023)
            8.6.7.2    Forecast Trend (2024-2032)
        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    Historical Trend (2018-2023)
            8.7.1.2    Forecast Trend (2024-2032)
        8.7.2    Civil and Commercial
            8.7.2.1    Historical Trend (2018-2023)
            8.7.2.2    Forecast Trend (2024-2032)
        8.7.3    Logistics and Transportation
            8.7.3.1    Historical Trend (2018-2023)
            8.7.3.2    Forecast Trend (2024-2032)
        8.7.4    Energy and Power
            8.7.4.1    Historical Trend (2018-2023)
            8.7.4.2    Forecast Trend (2024-2032)
        8.7.5    Construction and Mining
            8.7.5.1    Historical Trend (2018-2023)
            8.7.5.2    Forecast Trend (2024-2032)
        8.7.6    Others
    8.8    Global Unmanned Aerial Vehicle (UAV) Market by Region       
        8.8.1    North America
            8.8.1.1    Historical Trend (2018-2023) 
            8.8.1.2    Forecast Trend (2024-2032)
        8.8.2    Europe
            8.8.2.1    Historical Trend (2018-2023) 
            8.8.2.2    Forecast Trend (2024-2032)
        8.8.3    Asia Pacific
            8.8.3.1    Historical Trend (2018-2023) 
            8.8.3.2    Forecast Trend (2024-2032)
        8.8.4    Latin America
            8.8.4.1    Historical Trend (2018-2023) 
            8.8.4.2    Forecast Trend (2024-2032)
        8.8.5    Middle East and Africa
            8.8.5.1    Historical Trend (2018-2023) 
            8.8.5.2    Forecast Trend (2024-2032)
9    North America Unmanned Aerial Vehicle (UAV) Market Analysis
    9.1    United States of America 
        9.1.1    Historical Trend (2018-2023) 
        9.1.2    Forecast Trend (2024-2032)
    9.2    Canada
        9.2.1    Historical Trend (2018-2023) 
        9.2.2    Forecast Trend (2024-2032)
10    Europe Unmanned Aerial Vehicle (UAV) Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2023) 
        10.1.2    Forecast Trend (2024-2032)
    10.2    Germany
        10.2.1    Historical Trend (2018-2023) 
        10.2.2    Forecast Trend (2024-2032)
    10.3    France
        10.3.1    Historical Trend (2018-2023) 
        10.3.2    Forecast Trend (2024-2032)
    10.4    Italy
        10.4.1    Historical Trend (2018-2023) 
        10.4.2    Forecast Trend (2024-2032)
    10.5    Others
11    Asia Pacific Unmanned Aerial Vehicle (UAV) Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2023) 
        11.1.2    Forecast Trend (2024-2032)
    11.2    Japan
        11.2.1    Historical Trend (2018-2023) 
        11.2.2    Forecast Trend (2024-2032)
    11.3    India
        11.3.1    Historical Trend (2018-2023) 
        11.3.2    Forecast Trend (2024-2032)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2023) 
        11.4.2    Forecast Trend (2024-2032)
    11.5    Australia
        11.5.1    Historical Trend (2018-2023) 
        11.5.2    Forecast Trend (2024-2032)
    11.6    Others
12    Latin America Unmanned Aerial Vehicle (UAV) Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2023) 
        12.1.2    Forecast Trend (2024-2032)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2023) 
        12.2.2    Forecast Trend (2024-2032)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2023) 
        12.3.2    Forecast Trend (2024-2032)
    12.4    Others
13    Middle East and Africa Unmanned Aerial Vehicle (UAV) Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2023) 
        13.1.2    Forecast Trend (2024-2032)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2023) 
        13.2.2    Forecast Trend (2024-2032)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2023) 
        13.3.2    Forecast Trend (2024-2032)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2023) 
        13.4.2    Forecast Trend (2024-2032)
    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 Corporation
            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    The Boeing Company
            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    General Atomics
            15.2.9.1    Company Overview
            15.2.9.2    Product Portfolio
            15.2.9.3    Demographic Reach and Achievements
            15.2.9.4    Certifications
        15.2.10    Airbus SE
            15.2.10.1    Company Overview
            15.2.10.2    Product Portfolio
            15.2.10.3    Demographic Reach and Achievements
            15.2.10.4    Certifications
        15.2.11    Safran S.A.
            15.2.11.1    Company Overview
            15.2.11.2    Product Portfolio
            15.2.11.3    Demographic Reach and Achievements
            15.2.11.4    Certifications
        15.2.12    Thales Group
            15.2.12.1    Company Overview
            15.2.12.2    Product Portfolio
            15.2.12.3    Demographic Reach and Achievements
            15.2.12.4    Certifications
        15.2.13    mdGroup
            15.2.13.1    Company Overview
            15.2.13.2    Product Portfolio
            15.2.13.3    Demographic Reach and Achievements
            15.2.13.4    Certifications
        15.2.14    Lockheed Martin Corporation
            15.2.14.1    Company Overview
            15.2.14.2    Product Portfolio
            15.2.14.3    Demographic Reach and Achievements
            15.2.14.4    Certifications
        15.2.15    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 2032
2.    Global Unmanned Aerial Vehicle (UAV) Historical Market: Breakup by Class (USD Billion), 2018-2023
3.    Global Unmanned Aerial Vehicle (UAV) Market Forecast: Breakup by Class (USD Billion), 2024-2032
4.    Global Unmanned Aerial Vehicle (UAV) Historical Market: Breakup by Systems (USD Billion), 2018-2023
5.    Global Unmanned Aerial Vehicle (UAV) Market Forecast: Breakup by Systems (USD Billion), 2024-2032
6.    Global Unmanned Aerial Vehicle (UAV) Historical Market: Breakup by Function (USD Billion), 2018-2023
7.    Global Unmanned Aerial Vehicle (UAV) Market Forecast: Breakup by Function (USD Billion), 2024-2032
8.    Global Unmanned Aerial Vehicle (UAV) Historical Market: Breakup by End Use (USD Billion), 2018-2023
9.    Global Unmanned Aerial Vehicle (UAV) Market Forecast: Breakup by End Use (USD Billion), 2024-2032
10.    Global Unmanned Aerial Vehicle (UAV) Historical Market: Breakup by Region (USD Billion), 2018-2023
11.    Global Unmanned Aerial Vehicle (UAV) Market Forecast: Breakup by Region (USD Billion), 2024-2032
12.    North America Unmanned Aerial Vehicle (UAV) Historical Market: Breakup by Country (USD Billion), 2018-2023
13.    North America Unmanned Aerial Vehicle (UAV) Market Forecast: Breakup by Country (USD Billion), 2024-2032
14.    Europe Unmanned Aerial Vehicle (UAV) Historical Market: Breakup by Country (USD Billion), 2018-2023
15.    Europe Unmanned Aerial Vehicle (UAV) Market Forecast: Breakup by Country (USD Billion), 2024-2032
16.    Asia Pacific Unmanned Aerial Vehicle (UAV) Historical Market: Breakup by Country (USD Billion), 2018-2023
17.    Asia Pacific Unmanned Aerial Vehicle (UAV) Market Forecast: Breakup by Country (USD Billion), 2024-2032
18.    Latin America Unmanned Aerial Vehicle (UAV) Historical Market: Breakup by Country (USD Billion), 2018-2023
19.    Latin America Unmanned Aerial Vehicle (UAV) Market Forecast: Breakup by Country (USD Billion), 2024-2032
20.    Middle East and Africa Unmanned Aerial Vehicle (UAV) Historical Market: Breakup by Country (USD Billion), 2018-2023
21.    Middle East and Africa Unmanned Aerial Vehicle (UAV) Market Forecast: Breakup by Country (USD Billion), 2024-2032
22.    Global Unmanned Aerial Vehicle (UAV) Market Structure

Key Questions Answered in the Report

The market was valued at USD 37.46 billion in 2023.

The market is projected to grow at a CAGR of 16.5% between 2024 and 2032.

The revenue generated from the unmanned aerial vehicle (UAV) market is expected to reach USD 148.19 billion in 2032.

The market is being driven by technological innovations, government initiatives, safety measures, and disaster management strategies.

The unmanned aerial vehicle (UAV) market is categorised according to its class, which includes small and medium UAV and large UAV.

The major key players in the market are Northrop Grumman Corporation, BAE Systems plc, Israel Aerospace Industries Ltd., AeroVironment, Inc., Elbit Systems Ltd., Teledyne FLIR LLC, Raytheon Technologies, The Boeing Company, General Atomics, Airbus SE, Safran S.A., Thales Group, mdGroup, and Lockheed Martin Corporation among others.

Based on the application, the unmanned aerial vehicle (UAV) market is divided into platform, payload, datalink, ground control station and UAV launch and recovery system.

The major market areas include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Based on the end use, the unmanned aerial vehicle (UAV) market is divided into military and defence, civil and commercial, energy and power, construction and mining and others.

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