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Unmanned Aerial Vehicl Market

Unmanned Aerial Vehicle (UAV) Market 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), and by Regions | Global Market Research Analysis Report 2022-2028

Report Id: SNS/A&D/1172 | May 2022 | Region: Global | 125 Pages

Report Scope & Overview:

Unmanned Aerial Vehicle Market Size was valued at USD 28.6 billion in 2021 and is expected to reach USD 65.24 billion by 2028, and grow at a CAGR of 12.5% over the forecast period 2022-2028.

Unmanned aerial vehicle is a type of aerial transportation that works without on-board personnel or passengers and is guided remotely, autonomously, or both. UAV 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 Market Revenue Graph

MARKET DYNAMICS:

KEY DRIVERS:

  • Rising demand.

  • High cost.

  • High cases of enemy Trespassing.

RESTRAINTS:

  • Lack of skill.

  • Huge market expansion.

  • Risk of collateral damage.

OPPORTUNITIES:

  • Enhanced Technology.

  • Innovation & Development.

  • Increasing use of Drones.

CHALLENGES:

  • Drug trafficking.

  • Terror attacks.

THE IMPACT OF COVID-19

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.

COMPETITIVE LANDSCAPE

Key Market Players

Major players operating in the UAV market include General Atomics, Northrop Grumman Corporation, EHang, Parrot, PrecisionHawk, Israel Aerospace Industries Ltd, DJI Technology Co. Ltd., AeroVironment Inc., and Lockheed Martin Corporation. These key players offer UAVs applicable for Defense & Government and Civil & Commercial sectors and have well-equipped and strong distribution networks across North America, Europe, Asia Pacific, and the Middle East, Latin America, and Africa.

KEY MARKET SEGMENT:

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 Market Segment Chart

REGIONAL COVERAGE:

North America

  • USA

  • Canada

  • Mexico

Europe

  • Germany

  • UK

  • France

  • Italy

  • Spain

  • The 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

Unmanned Aerial Vehicle (UAV) Market Report Scope:
Report Attributes Details
Market Size in 2021 US$ 28.6 Billion
Market Size by 2028 US$ 65.24 Billion
CAGR CAGR of 12.5% From 2022 to 2028
Base Year 2021
Forecast Period 2022-2028
Historical Data 2017-2020
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 (FAQ) :


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 War

 

5. Value Chain Analysis

 

6. Porter’s 5 forces model

 

7.  PEST Analysis

  

8. Global Unmanned Aerial Vehicle Market, By Class

8.1 Small UAV’s

8.2 Tactical UAV’s

8.3 strategic UAV’s

 

9. Global Unmanned Aerial Vehicle Market, 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, By Technology

10.1 Semi-autonomous.

10.2 Remotely operated.

10.3 Fully-autonomous.

 

11. Global Unmanned Aerial Vehicle Market, 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 HITACHI LTD.

13.1.1 Financial

13.1.2 Products/ Services Offered

13.1.3 SWOT Analysis

13.1.4 The SNS view

13.2 AB VOLVO

13.3 CATTERPILLAR INC.

13.4 CNH INDUSTRIAL N.V

13.5 DEERE AND COMPANY

13.6 DOOSAN INFRACOE CO.LTD

13.7 J C BAMFORD EXCAVATORS. LTD.

13.8 KOMATSU LTD.

13.9 Liebherr-international AG

13.10 XCMG GROUP

 

14. Competitive Landscape

14.1 Competitive Benchmark

14.2 Market Share analysis

14.3 Recent Developments

 

15. Conclusion

 

An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of a good and accurate research report and selecting the best methodology to complete the research is the toughest part. Since the research reports, we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach a stage wherein we can provide our clients best and most accurate investment to output ratio.

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The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research as the name suggests is a research process wherein, we collect data through readily available information. In this process, we use various paid and unpaid databases to which our team has access and gather data through the same. This includes examining 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 universities as well as individual libraries.

Secondary Research

Step 2: Primary Research

When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data.  This type of research is focused on gaining content-specific facts that can be sued to solve specific problems. Since the collected data is fresh and first-hand therefore it makes the study more accurate and genuine.

We at SNS Insider have divided Primary Research into 2 parts.

Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply sides of the industry to make sure we land an accurate judgment and analysis of the market.

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

Part 2: In this part of the primary research the data collected via secondary research and part 1 of the primary research is validated with the interviews with individual consultants and subject matter experts.

Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.

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