The Global Unmanned Aerial Vehicle Market research study by Emergen Research is a thorough compendium of analytical data regarding the Unmanned Aerial Vehicle sector. The Unmanned Aerial Vehicle Market is segmented in the study, along with a thorough breakdown of the market's size in terms of volume and value. The research includes a detailed prediction for the years 2020–2027 as well as the present Unmanned Aerial Vehicle Market scenario. The Unmanned Aerial Vehicle Market research contains a thorough analysis of each industry vertical, segment, end-use industry, application, and region's historical, current, and forecast revenue.
The unmanned aerial vehicle market size reached USD 23.60 Billion in 2021 and is expected to register a revenue CAGR of 14.6 % during the forecast period, according to the latest analysis by Emergen Research.One of the major factors propelling the market revenue development is the rise in the use of commercial drones. A number of industries have approved the use of drones to gather a sizable amount of data and make the required business decisions. With several applications including construction, mining, oil & gas, and agriculture all over the world, it has developed into a commercial business that is continuously expanding.
The construction sector is projected to provide a significant opportunity for market growth owing to the substantial commercial usage of mapping, observation, surveying, and inspection studies. Significant infrastructure construction projects require factual data to comprehend the ground reality and potential issues in the future. The construction industry is witnessing rapid adoption of drones of all forms and sizes. It is assisting various engineers and specialists in making wiser business decisions by mapping millions of Landsat images and information. The increasing implementation in commercial civil applications is expected to drive the market growth during the forecast period.
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The study outlines the rapidly evolving and growing market segments along with valuable insights into each element of the industry. The industry has witnessed the entry of several new players, and the report aims to deliver insightful information about their transition and growth in the market. Mergers, acquisitions, partnerships, agreements, product launches, and joint ventures are all outlined in the report.
The leading market contenders listed in the report are:
Northrop Grumman Corporation, SZ DJI Technology Co. Ltd, AeroVironment, Inc., Elbit Systems Ltd., Lockheed Martin Corporation., BAE Systems PLC., Airbus SE, Textron Inc., Teledyne FLIR LLC, and SaaB AB
Target Audience of the Global Unmanned Aerial Vehicle (UAV) Market Report:
- Key Market Players
- Investors
- Venture capitalists
- Small- and medium-sized and large enterprises
- Third-party knowledge providers
- Value-Added Resellers (VARs)
- Global market producers, distributors, traders, and suppliers
- Research organizations, consulting companies, and various alliances interested in this sector
- Government bodies, independent regulatory authorities, and policymakers
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Major Geographies Analyzed in the Report:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Market Segmentations of the Unmanned Aerial Vehicle (UAV) Market
This market is segmented based on Types, Applications, and Regions. The growth of each segment provides accurate forecasts related to production and sales by Types and Applications, in terms of volume and value for the period between 2020 and 2028. This analysis can help readers looking to expand their business by targeting emerging and niche markets. Market share data is given on both global and regional levels. Regions covered in the report are North America, Europe, Asia Pacific, Latin America, and Middle East Africa. Research analysts assess the market positions of the leading competitors and provide competitive analysis for each company. For this study, this report segments the global Unmanned Aerial Vehicle (UAV) market on the basis of product, application, and region:
Segments Covered in this report are:
- Product Outlook (Revenue, USD Billion; 2019–2030)
- Small UAV
- Tactical and Strategic UAV
- Special Purpose UAV
- Point of Sale Outlook (Revenue, USD Billion; 2019–2030)
- Aftermarket
- OEM
- Technology Outlook (Revenue, USD Billion; 2019–2030)
- Remotely Piloted
- Optionally Piloted
- Fully Autonomous
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Some Key Highlights From the Report
- OEM segment is expected to lead in terms of revenue contribution to the global market over the forecast period owing to the majority of the manufacturing and changes required in UAVs being performed at the OEM level.
- Commercial segment revenue is expected to expand rapidly in terms of revenue during the forecast period because it can be related to drone technology breakthroughs and developments.
- Asia Pacific is expected to register a considerably rapid growth rate in global unmanned aerial vehicle market over the forecast period owing to increasing commercial usage of drones in the countries in the region.
- In February 2022, Northrop Grumman Corporation launched the first production IFC-4 Triton to US Navy. As the Triton low-rate initial production plan moves forward, a Northrop Grumman Corporation MQ-4C Triton soars to the sky above the California desert. This is the first production Triton to be updated to a multi-intelligence configuration to fulfil the Navy's essential maritime intelligence, surveillance, reconnaissance, and targeting demands. It is known as B8.
Additional information offered by the report:
- Along with a complete overview of the global Unmanned Aerial Vehicle (UAV) market, the report provides detailed scrutiny of the diverse market trends observed on both regional and global levels.
- The report elaborates on the global Unmanned Aerial Vehicle (UAV) market size and share governed by the major geographies.
- It performs a precise market growth forecast analysis, cost analysis, and a study of the micro- and macro-economic indicators.
- It further presents a detailed description of the company profiles of the key market contenders.
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