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

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Global Unmanned Aerial Vehicle (UAV) Market By Class (Small UAVs, Tactical UAVs, Strategic UAVs), By System (UAV Airframe, UAV Payloads, UAV Avionics, UAV Propulsion, UAV Software) By Technology (Remotely Operated, Semi-autonomous, Fully-autonomous), By Application (Military, Commercial, Recreational) and Geography

 

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Report

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.

Unmanned Aerial Vehicle (UAV) Market

MARKET SUMMARY
-
14.1% CAGR
  • Study Period– 2022 – 2028
  • Base Year– 2021
  • CAGR– 14.1%
  • Largest Market– Europe
  • Fastest Growing Market– Asia-Pacific

Unmanned Aerial Vehicle (UAV) Market

  • The report on global unmanned aerial vehicle (UAV) market gives historical, current and future market sizes (US$ Bn) based on class, UAV type, mode of operation, Range, Mtow, point of sale, application and region.
  • unmanned aerial vehicle (UAV) market report gives comprehensive outlook across the region with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
Key Players
  • DJI
  • Aerovironment Inc.
  • BAE Systems
  • Northrop Grumman Corporation
  • Elbit Systems Ltd
Unmanned Aerial Vehicle (UAV) Market Drivers

Military & defense, agricultural, civic & commercial, logistics & transportation, healthcare, construction & mining, and other end-user applications will likely drive the UAV market.


Asia-Pacific got significant share

Unmanned Aerial Vehicle (UAV) Market

Asia Pacific accounted for larger revenue share in global market with considerable CAGR. The growth in this region is due to increasing technological developments of drones, changes in regulations and expanding product application in commercial areas mainly in the field of filmmaking. In addition, the gaining of UAVs in the province is progressively growing, thus driving the growth of the UAV market in the region. Also, developing countries including China and South Korea have implemented surveillance system with the help of UAVs.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Features of the Report

  • The unmanned aerial vehicle (uav) market report provides granular level information about the market size, regional market share, historic market (2017-2021) and forecast (2022-2028)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
Unmanned Aerial Vehicle (UAV) Market Segmentation


Location

GEOGRAPHY

Frequently Asked Questions

The Unmanned Aerial Vehicle (UAV) Market is projected to expand at a CAGR of 14.1% during the forecast period.

The major global Unmanned Aerial Vehicle (UAV) market players are AeroVironment, Inc., Airbus S.A.S., BAE Systems plc, DJI, Elbit Systems Ltd., FLIR Systems, Inc., Lockheed Martin Corporation, Northrop Grumman Corporation, Textron Inc., and The Boeing Company.

Asia-Pacific is the fastest-growing region for Unmanned Aerial Vehicle (UAV) Market


Report

Table Of Content

1. Executive Summary
2. Global Unmanned Aerial Vehicle (UAV) Market Introduction
2.1. Global Unmanned Aerial Vehicle (UAV) Market – Taxonomy
2.2. Global Unmanned Aerial Vehicle (UAV) Market –Definitions
2.2.1. By Class
2.2.2. By Technology
2.2.3. By System
2.2.4. By Application
2.2.5. By Region
3. Global Unmanned Aerial Vehicle (UAV) Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Global Unmanned Aerial Vehicle (UAV) Market Dynamic Factors – Impact Analysis
3.6. Global Unmanned Aerial Vehicle (UAV) Market – Competition Landscape
4. Global Unmanned Aerial Vehicle (UAV) Market Analysis, 2017-2021 and Forecast, 2022-2028
4.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
4.2. Year-over-Year (Y-o-Y) Growth Analysis (%)
4.3. Market Opportunity Analysis
5. Global Unmanned Aerial Vehicle (UAV) Market, By Class, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
5.1. Small UAVs
5.1.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.1.3. Market Opportunity Analysis
5.2. Tactical UAVs
5.2.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.2.3. Market Opportunity Analysis
5.3. Strategic UAVs
5.3.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
5.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.3.3. Market Opportunity Analysis
6. Global Unmanned Aerial Vehicle (UAV) Market, By Technology, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
6.1. Remotely Operated
6.1.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.1.3. Market Opportunity Analysis
6.2. Semi-autonomous
6.2.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.2.3. Market Opportunity Analysis
6.3. Fully-autonomous
6.3.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.3.3. Market Opportunity Analysis
7. Global Unmanned Aerial Vehicle (UAV) Market, By System, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
7.1. UAV Airframe
7.1.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.1.3. Market Opportunity Analysis
7.2. UAV Payloads
7.2.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.2.3. Market Opportunity Analysis
7.3. UAV Avionics
7.3.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.3.3. Market Opportunity Analysis
7.4. UAV Propulsion
7.4.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
7.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.4.3. Market Opportunity Analysis
7.5. UAV Software
7.5.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
7.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.5.3. Market Opportunity Analysis
8. Global Unmanned Aerial Vehicle (UAV) Market, By Application, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
8.1. Military
8.1.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
8.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.1.3. Market Opportunity Analysis
8.2. Commercial
8.2.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
8.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.2.3. Market Opportunity Analysis
8.3. Recreational
8.3.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
8.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.3.3. Market Opportunity Analysis
9. Global Unmanned Aerial Vehicle (UAV) Market Forecast, By Region, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
9.1. North America
9.1.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
9.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.1.3. Market Opportunity Analysis
9.2. Europe
9.2.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
9.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.2.3. Market Opportunity Analysis
9.3. Asia-Pacific
9.3.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
9.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.3.3. Market Opportunity Analysis
9.4. Latin America
9.4.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
9.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.4.3. Market Opportunity Analysis
9.5. Middle East and Africa
9.5.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
9.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.5.3. Market Opportunity Analysis
9.6. Global Unmanned Aerial Vehicle (UAV) Market – Opportunity Analysis Index, By Class, By Technology, By System, By Application, and Region, 2022-2028
10. North America Unmanned Aerial Vehicle (UAV) Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
10.1. Class Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
10.1.1. Small UAVs
10.1.2. Tactical UAVs
10.1.3. Strategic UAVs
10.2. Technology Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
10.2.1. Remotely Operated
10.2.2. Semi-autonomous
10.2.3. Fully-autonomous
10.3. System Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
10.3.1. UAV Airframe
10.3.2. UAV Payloads
10.3.3. UAV Avionics
10.3.4. UAV Propulsion
10.3.5. UAV Software
10.4. Application Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
10.4.1. Military
10.4.2. Commercial
10.4.3. Recreational
10.5. Country Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
10.5.1. USA
10.5.2. Canada
10.6. North America Unmanned Aerial Vehicle (UAV) Market – Opportunity Analysis Index, By Class, By Technology, By System, By Application, and Country, 2022-2028
10.7. North America Unmanned Aerial Vehicle (UAV) Market Dynamics – Trends
11. Europe Unmanned Aerial Vehicle (UAV) Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
11.1. Class Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.1.1. Small UAVs
11.1.2. Tactical UAVs
11.1.3. Strategic UAVs
11.2. Technology Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.2.1. Remotely Operated
11.2.2. Semi-autonomous
11.2.3. Fully-autonomous
11.3. System Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
11.3.1. UAV Airframe
11.3.2. UAV Payloads
11.3.3. UAV Avionics
11.3.4. UAV Propulsion
11.3.5. UAV Software
11.4. Application Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
11.4.1. Military
11.4.2. Commercial
11.4.3. Recreational
11.5. Country Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
11.5.1. Germany
11.5.2. UK
11.5.3. France
11.5.4. Spain
11.5.5. Italy
11.5.6. Russia
11.5.7. Rest of Europe
11.6. Europe Unmanned Aerial Vehicle (UAV) Market – Opportunity Analysis Index, By Class, By Technology, By System, By Application, and Country, 2022-2028
11.7. Europe Unmanned Aerial Vehicle (UAV) Market Dynamics – Trends
12. Asia-Pacific Unmanned Aerial Vehicle (UAV) Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
12.1. Class Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
12.1.1. Small UAVs
12.1.2. Tactical UAVs
12.1.3. Strategic UAVs
12.2. Technology Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
12.2.1. Remotely Operated
12.2.2. Semi-autonomous
12.2.3. Fully-autonomous
12.3. System Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
12.3.1. UAV Airframe
12.3.2. UAV Payloads
12.3.3. UAV Avionics
12.3.4. UAV Propulsion
12.3.5. UAV Software
12.4. Application Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
12.4.1. Military
12.4.2. Commercial
12.4.3. Recreational
12.5. Country Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
12.5.1. China
12.5.2. India
12.5.3. Japan
12.5.4. ASEAN
12.5.5. Australia & New Zealand
12.5.6. Rest of Asia-Pacific
12.6. Asia-Pacific Unmanned Aerial Vehicle (UAV) Market – Opportunity Analysis Index, By Class, By Technology, By System, By Application, and Country, 2022-2028
12.7. Asia-Pacific Unmanned Aerial Vehicle (UAV) Market Dynamics – Trends
13. Latin America Unmanned Aerial Vehicle (UAV) Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
13.1. Class Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
13.1.1. Small UAVs
13.1.2. Tactical UAVs
13.1.3. Strategic UAVs
13.2. Technology Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
13.2.1. Remotely Operated
13.2.2. Semi-autonomous
13.2.3. Fully-autonomous
13.3. System Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
13.3.1. UAV Airframe
13.3.2. UAV Payloads
13.3.3. UAV Avionics
13.3.4. UAV Propulsion
13.3.5. UAV Software
13.4. Application Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
13.4.1. Military
13.4.2. Commercial
13.4.3. Recreational
13.5. Country Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
13.5.1. Brazil
13.5.2. Mexico
13.5.3. Rest of Latin America
13.6. Latin America Unmanned Aerial Vehicle (UAV) Market – Opportunity Analysis Index, By Class, By Technology, By System, By Application, and Country, 2022-2028
13.7. Latin America Unmanned Aerial Vehicle (UAV) Market Dynamics – Trends
14. Middle East and Africa Unmanned Aerial Vehicle (UAV) Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
14.1. Class Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
14.1.1. Small UAVs
14.1.2. Tactical UAVs
14.1.3. Strategic UAVs
14.2. Technology Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
14.2.1. Remotely Operated
14.2.2. Semi-autonomous
14.2.3. Fully-autonomous
14.3. System Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
14.3.1. UAV Airframe
14.3.2. UAV Payloads
14.3.3. UAV Avionics
14.3.4. UAV Propulsion
14.3.5. UAV Software
14.4. Application Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
14.4.1. Military
14.4.2. Commercial
14.4.3. Recreational
14.5. Country Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
14.5.1. Gulf Cooperation Council (GCC) Countries
14.5.2. South Africa
14.5.3. Rest of MEA
14.6. MEA Unmanned Aerial Vehicle (UAV) Market – Opportunity Analysis Index, By Class, By Technology, By System, By Application, and Country, 2022-2028
14.7. MEA Unmanned Aerial Vehicle (UAV) Market Dynamics – Trends
15. Competition Landscape 
15.1. Strategic Dashboard of Top Market Players
15.2. Company Profiles (Introduction, Financial Analysis, Key Class, Key Developments, Strategies, and SWOT Analysis)
15.2.1. AeroVironment, Inc.
15.2.2. Airobotics
15.2.3. Airbus S.A.S.
15.2.4. DJI.
15.2.5. BAE Systems plc .
15.2.6. Elbit Systems Ltd.
15.2.7. FLIR Systems, Inc.
15.2.8. Lockheed Martin Corporation
15.2.9. Northrop Grumman Corporation
15.2.10. Textron Inc.
15.2.11. The Boeing Company
16. Research Methodology
17. Key Assumptions and Acronyms

Report

Company Profile

  • AeroVironment, Inc.
  • Airobotics
  • Airbus S.A.S.
  • DJI.
  • BAE Systems plc .
  • Elbit Systems Ltd.
  • FLIR Systems, Inc.
  • Lockheed Martin Corporation
  • Northrop Grumman Corporation
  • Textron Inc.
  • The Boeing Company

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.

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