Unmanned Aerial Vehicle (UAV) Report Scope & Overview:

The Unmanned Aerial Vehicle Market Size was valued at USD 32.17 billion in 2022 and is expected to reach USD 82.55 billion by 2030 with a growing CAGR of 12.5% over the forecast period 2023-2030.

An unmanned aerial vehicle is a type of aerial transportation that works without onboard personnel or passengers and is guided remotely, autonomously, or both. UAVs are next-generation aircraft used for surveillance, evaluation, logistics, and photography, among other things. The introduction of laws and regulations governing the use of unmanned aerial vehicles by various countries has a direct impact on the market for unmanned aerial vehicles. Drones are unmanned aerial vehicles. The increasing use of smart technology for monitoring, analysis, and imaging, among other things, is likely to drive the expansion of unmanned aerial vehicles. It is used in a variety of industries, including military and defense, agriculture, civil and commercial, logistics and transportation, healthcare, construction and mining, and others.

Unmanned Aerial Vehicle (UAV) Market Revenue Analysis

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  • Rising demand

  • High cost

  • High cases of enemy Trespassing


  • Lack of skill

  • Huge market expansion

  • Risk of collateral damage


  • Enhanced Technology

  • Innovation & Development

  • Increasing use of Drones


  • Drug trafficking.

  • Terror attacks.


The outbreak of the COVID-19 epidemic has had a devastating effect on the global airline aircraft market, due to property disruptions, tightening the budget for end-users, and is expected to weaken the financial performance of market players by 2020. It has impacted the entire economy, and participants as market participants formulate cost-effective strategies. The major risks for Unmanned aerial vehicle market participants are regulatory and policy changes, staff dependence, effective cash management, and liquidity & solvency management. Most of the developing areas of unmanned aerial vehicles have been closed during the violence due to traffic restrictions, staff shortages, and disruption of supply. The private and commercial security industries were one of the industries most affected by the epidemic and saw a decline in investment initially.

By System Analysis

In terms of system, Payload, Airframe, avionics, propulsion, and software are the market segments. The adoption of a contemporary electronics system, route control, and automated flight management system is expected to drive strong growth in the avionics industry throughout the projected period. To ensure flight efficiency, several organizations are concentrating on enhancing their navigation system based on the global navigation satellite system. This advancement will improve drones' capacity to identify obstacles, prevent collisions, and use an autonomous flight control system. For wartime missions, logistics and transportation, and disaster relief operations, the software system will be more precise and completely equipped with real-time, airspeed, altitude detection, and location detection. This element is anticipated to accelerate the rise of software systems in the next years.

By Technology

Based on technology, the market is divided into remote, semi-autonomous, and completely independent. The completely independent segment is expected to grow at the highest CAGR on the market at the time of forecasting. It contains a command delivery system and a combat planning system where the flight path and width are determined prior to operation. It is fully controlled by LIAVS without any external command from the ground operator. These UAV are based on highly paid machines designed for specific tasks in various countries such as the U.S. China, Russia, and Israel. The remote-operated segment has a large share of the unmanned aerial vehicle market by 2022. It is likely to continue earning marks during the forecast period due to the wide range of products used by remote sensing technology. The drone is used directly on the ground by various drones such as the Beyond the Visual Line Sight (BVLS) to collect information on remote sensing Many commercial agricultural applications, forest surveillance, and aerial photography are also used with remote sensing technology.

By Application

Depending on the application, the UAV market is divided into military, commercial, and recreational. Half of the troops are expected to hold the highest share during the forecast period. The growing demand for strategic UAV and UAV strategic military operations drives partial growth. A few countries have increased their purchases for specific UAV purposes such as Medium Altitude Long Endurance UAV and High Altitude Long Endurance UAV for various equipment. It is likely to increase demand in the coming years.

Major activities that include border surveillance, surveillance, and border security are designed to promote global demand. The commercial sector will grow significantly in the future due to the rapid adoption of exploration, aerial mapping, crop monitoring, forest surveillance, and resource utilization. The high investment of large companies such as Uber to upgrade Air Taxi and Logistics giant DHL Logistics to develop new AV aircraft is expected to boost the growth of the commercial segment at the time of forecasting.

By Class Analysis

The market is divided into four classes: small UAV, strategic UAV, tactical UAV, and special purpose UAV. Because of its multiple military and chill uses across the world, the tiny UAV category is expected to be the fastest expanding in the market. They are commonly used for security, monitoring, and surveillance. The market is expanding due to increased demand for small military drones for intelligence, surveillance, and reconnaissance (ISR) applications. The widespread use of tiny UAV for commercial applications such as agriculture, mapping, surveying, and logistics is also projected to drive demand in the future years.


By Class

  • Small UAV’s

  • Tactical UAV’s

  • strategic UAV’s

By System

  • UAV Payload

  • UAV Avionics

  • UAV Propulsion

  • UAV Software

  • UAV Airframe

By Technology

  • Semi-autonomous

  • Remotely operated

  • Fully-autonomous

By Application

  • Commercial

  • Recreational

  • Military

Unmanned Aerial Vehicle (UAV) Market Segmentation Analysis

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North America

  • USA

  • Canada

  • Mexico


  • Germany

  • UK

  • France

  • Italy

  • Spain

  • The Netherlands

  • Rest of Europe


  • Japan

  • South Korea

  • China

  • India

  • Australia

  • Rest of Asia-Pacific

The Middle East & Africa

  • Israel

  • UAE

  • South Africa

  • Rest of Middle East & Africa

Latin America

  • Brazil

  • Argentina

  • Rest of Latin America

Key Players

The Major Players are General Atomics, Northrop Grumman Corporation, EHang, Parrot, PrecisionHawk, Israel Aerospace Industries Ltd, DJI Technology Co. Ltd., AeroVironment Inc., Lockheed Martin Corporation and Other Players

Northrop Grumman Corporation-Company Financial Analysis

Unmanned Aerial Vehicle (UAV) Market Report Scope:

Report Attributes Details
Market Size in 2022 US$ 32.17 Billion
Market Size by 2030 US$ 82.55 Billion
CAGR CAGR of 12.5% From 2023 to 2030
Base Year 2022
Forecast Period 2023-2030
Historical Data 2020-2021
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Class (Small UAV’s, Tactical UAV’s, strategic UAV’s)
• By System (UAV Payload, UAV Avionics, UAV Propulsion, UAV Software, UAV Airframe)
• By Technology (Semi-autonomous, Remotely operated, Fully-autonomous)
• By Application (Commercial, Recreational, Military)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles Atomics, Northrop Grumman Corporation, EHang, Parrot, PrecisionHawk, Israel Aerospace Industries Ltd, DJI Technology Co. Ltd., AeroVironment Inc., and Lockheed Martin Corporation.
DRIVERS • Rising demand.
• High cost.
• High cases of enemy Trespassing.
RESTRAINTS • Lack of skill.
• Huge market expansion.
• Risk of collateral damage.

Frequently Asked Questions

The growth rate of the Unmanned Aerial Vehicle Market is 12.5% over the forecast period 2023-2030.

The market size of the Unmanned Aerial Vehicle Market is expected to reach USD 82.55 billion by 2030.

The key players of the Unmanned Aerial Vehicle Market are Atomics, Northrop Grumman Corporation, EHang, Parrot, PrecisionHawk, Israel Aerospace Industries Ltd, DJI Technology Co. Ltd., AeroVironment Inc., and Lockheed Martin Corporation.

The Covid-19 pandemic impacted the Unmanned Aerial Vehicle Market significantly. The detailed analysis is included in the final report.

North America region dominated the Unmanned Aerial Vehicle Market.

Table of Contents

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

2. Research Methodology

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

4. Impact Analysis

4.1 COVID-19 Impact Analysis

4.2 Impact of Ukraine- Russia war

4.3 Impact of ongoing Recession

4.3.1 Introduction

4.3.2 Impact on major economies US Canada Germany France United Kingdom China Japan South Korea Rest of the World

5. Value Chain Analysis

6. Porter’s 5 forces model

7.  PEST Analysis

8. Global Unmanned Aerial Vehicle Market Segmentation, By Class

8.1 Small UAV’s

8.2 Tactical UAV’s

8.3 strategic UAV’s

9. Global Unmanned Aerial Vehicle Market Segmentation, By System

9.1 UAV Payload

9.2 UAV Avionics

9.3 UAV Propulsion

9.4 UAV Software

9.5 UAV Airframe

10. Global Unmanned Aerial Vehicle Market Segmentation, By Technology

10.1 Semi-autonomous.

10.2 Remotely operated.

10.3 Fully-autonomous.

11. Global Unmanned Aerial Vehicle Market Segmentation, By Application

11.1 Commercial

11.2 Recreational

11.3 Military

12. Regional Analysis

12.1 Introduction

12.2 North America

12.2.1 USA

12.2.2    Canada

12.2.3    Mexico

12.3        Europe

12.3.1    Germany

12.3.2    UK

12.3.3    France

12.3.4    Italy

12.3.5    Spain

12.3.6    The Netherlands

12.3.7    Rest of Europe

12.4        Asia-Pacific

12.4.1    Japan

12.4.2    South Korea

12.4.3    China

12.4.4    India

12.4.5    Australia

12.4.6    Rest of Asia-Pacific

12.5        The Middle East & Africa

12.5.1    Israel

12.5.2    UAE

12.5.3    South Africa

12.5.4    Rest

12.6        Latin America

12.6.1    Brazil

12.6.2    Argentina

12.6.3    Rest of Latin America

13. Company Profiles

13.1 General Atomics

13.1.1 Financial

13.1.2 Products/ Services Offered

13.1.3 SWOT Analysis

13.1.4 The SNS view

13.2 Northrop Grumman Corporation

13.3 EHang

13.4 Parrot

13.5 PrecisionHawk

13.6 Israel Aerospace Industries Ltd

13.7 DJI Technology Co. Ltd

13.8 AeroVironment Inc.

13.9 Delair

13.10 Microdrones GmbH

13.11 Turkish Aerospace Industries

13.12 Shield AI

14. Competitive Landscape

14.1 Competitive Benchmark

14.2 Market Share Analysis

14.3 Recent Developments

15. Conclusion

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The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.

Secondary Research

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This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.

Primary Research

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Data Bank Validation

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