Unmanned Aerial Vehicle (UAV) Market: Global Market Estimation, Dynamics, Trends, Competitor Analysis 2017-2021 and Forecast 2022-2028

Description

Unmanned Aerial Vehicle (UAV) Market size will be USD 28.5 billion in 2021. It is expected to reach a value of USD 72.3 billion by 2028, growing at a CAGR of 14.1% during the forecast period from 2022 to 2028. The global market provides a detailed overview of the market, which has been segmented by class, system, technology, and application. By Class, the market has been segmented into Small UAVs, Tactical UAVs, and Strategic UAVs. The Small UAVs segment is likely to be the largest and fastest-growing in terms of class. Based on System, the Unmanned Aerial Vehicle (UAV) market is segmented into AV Airframe, UAV Payloads, UAV Avionics, UAV Propulsion, and UAV Software. The UAV Payloads segment is predicted to register the fastest growth rate during 2022-2028. Based on Technology, the Unmanned Aerial Vehicle (UAV) market is segmented into Remotely Operated, Semi-autonomous, Fully-autonomous. The Remotely Operated segment is expected to hold a high share during the forecast period. Based on the Application, the market is segmented into Military, Commercial, and Recreational. According to precision business insights, the military segment is anticipated to hold the largest share market in the forecast period.

Key Development:

In April 2021, DJI developed a new DJI Air 2S. This compact camera drone is an all-in-one answer for effective flight. It is not only equipped with state-of-the-art cameras but also with high-level-grade preprogrammed substance creation devices.