An Unmanned Aerial Vehicle (UAV), commonly known as a drone, is an aircraft without any human pilot, crew or passengers on board. The global Unmanned Aerial Vehicle market is expected to witness considerable growth because of its increasing application in military, surveillance, and commercial activities.
They are generally used in missions, which are dangerous for manned aircraft. Some devices have the capability to carry missiles and hit the target with high accuracy. Further, drones are also used in surveillance and rescue operations. Aircraft with smaller dimensions have been used to gather evidence about hostile places before a mission. Hence, Military applications accounted for a significant share of the global Unmanned Aerial Vehicle market. This key fact majorly contributes to the expansion of the market. Drones are widely use in peacekeeping missions this fact further driving the global UAV market throughout the forecast period.
Furthermore, these devices are convenient to supply necessities such as food and water in areas affected by natural calamities including floods and earthquakes. Also, their usage to provide essential information for disaster relief is anticipated to boost the growth of Unmanned Aerial Vehicle market in the coming years. Moreover, UAV’s are used for crop spraying, monitoring livestock, crops, and water levels. Thus, implementation of modern agriculture methods is expected to intensify the growth of unmanned aerial vehicles market in the forthcoming years. Additionally, government initiatives to encourage drone usage for well-being are further supports to the development of the market progressively.
Covid-19 Impact on Unmanned Aerial Vehicle Market
The outbreak of the covid-19 has a severe and swift impact on the automobile and transportation industry. This is majorly due to the shutdown of assembly plants in the US, interruptions across Europe in large-scale manufacturing, and disruption in the export of Chinese parts. In addition to this, the industry is dealing with reduced demand across the globe due to changes in customer behavior and shifts in a supply-demand chain. A recent study shows a 39% decline in sales of automotive all over the world. Moreover, the nationwide lockdowns have substantially affected the transportation sector. Restrictions on transportation accounted for a 45 to 55% decline in public as well as private transport sectors.
Unmanned Aerial Vehicle Market Segment Overview
Based on Application, the Commercial segment is anticipated to grow at the highest rate during the forecast period. The growth of this segment can be mainly attributed to the developments and advancements in drone technology. By system, the UAV market has been classified into platform, payload, data link, ground control station, and launch and recovery system. Each of them performs a different function and ensures UAV’s functioning in different applications. The payload segment of the UAV market is anticipated to grow at the highest CAGR during the forecast period. There are many different types of payloads that can be attached to UAVs such as cameras, infrared sensors, thermal sensors, weapons, and radars.
Unmanned Aerial Vehicle Market, By Type
· Fixed Wing
· Rotary Wing
Unmanned Aerial Vehicle Market, By Class
· Small UAV
· Tactical UAV
· Special Purpose UAV
Unmanned Aerial Vehicle Market, By Application
· Military
· Commercial
· Government & Law Enforcement
· Consumer
Unmanned Aerial Vehicle Market, By Operation Mode
· Remotely Piloted
· Optionally Piloted
· Fully Autonomous
Unmanned Aerial Vehicle Market, By Systems
· Platform
· Payload
· Datalink
· Ground Control Station
· UAV Launch And Recovery System
Unmanned Aerial Vehicle Regional Overview
In terms of region, North America commanded major share of the market and is predictable to maintain its supremacy over forecast period. This is because of the highest demand for UAV on account of major applications in the military and defense sector in this region. Europe is also prominent region for UAV market. This is mainly due to military applications and modern farming applied in most parts of the region. On the other hand, the Asia Pacific is expected to register the fastest growth over the forecast period. The growth of the market in this region can be primally attributed to the growing demand for UAV from developing countries such as China and India. In addition, another growth factor such as expanding product application in commercial areas mainly in the field of filmmaking is contribute majorly to market’s growth in this region.
Unmanned Aerial Vehicle Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, Russia & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Unmanned Aerial Vehicle Market Competitor overview
Some key developments and strategies adopted by manufacturers in Unmanned Aerial Vehicle are highlighted below.
· In April 2021, DJI, the global leader in civilian drones and creative camera technology, developed a new benchmark for high-grade flight performance and incredible imagery with the new DJI Air 2S. This portable camera drone is an all-in-one solution, offering robust flight performance, state-of-the-art camera upgrades and high-grade preprogrammed content creation tools.
· In May 2021, Northrop Grumman Corporation has been contracted by the U.S. Navy to prototype and reduce the risk of integrating sense and avoid (SAA) capabilities into the high-altitude, long-endurance MQ-4C Triton autonomous system. This capability will allow the Triton to safely operate in shared airspace with manned aircraft.
Unmanned Aerial Vehicle Market, Key Players
· General Atomics Aeronautical Systems, Inc.
· Northrop Grumman Corporation
· Elbit Systems Ltd.
· Israel Aerospace Industries Ltd.
· SZ DJI Technology Co., Ltd.
· AeroVironment, Inc.
· Lockheed Martin Corporation
· Thales Group
· Aeronautics Ltd.
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global Unmanned Aerial Vehicle Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Type
- 5.2.1. Fixed Wing
- 5.2.2. Rotary Wing
- 5.3. Market Analysis, Insights and Forecast – By Class
- 5.3.1. Small UAV
- 5.3.2. Tactical UAV
- 5.3.3. Special Purpose UAV
- 5.4. Market Analysis, Insights and Forecast – By Application
- 5.4.1. Military
- 5.4.2. Commercial
- 5.4.3. Government & Law Enforcement
- 5.4.4. Consumer
- 5.5. Market Analysis, Insights and Forecast – By Operation Mode
- 5.5.1. Remotely Piloted
- 5.5.2. Optionally Piloted
- 5.5.3. Fully Autonomous
- 5.6. Market Analysis, Insights and Forecast – By Systems
- 5.6.1. Platform
- 5.6.2. Payload
- 5.6.3. Datalink
- 5.6.4. Ground Control Station
- 5.6.5. UAV Launch And Recovery System
- 5.7. Market Analysis, Insights and Forecast – By Region
- 5.7.1. North America
- 5.7.2. Europe
- 5.7.3. Asia Pacific
- 5.7.4. Latin America, Middle East and Africa
6. North America Unmanned Aerial Vehicle Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Type
- 6.2.1. Fixed Wing
- 6.2.2. Rotary Wing
- 6.3. Market Analysis, Insights and Forecast – By Class
- 6.3.1. Small UAV
- 6.3.2. Tactical UAV
- 6.3.3. Special Purpose UAV
- 6.4. Market Analysis, Insights and Forecast – By Application
- 6.4.1. Military
- 6.4.2. Commercial
- 6.4.3. Government & Law Enforcement
- 6.4.4. Consumer
- 6.5. Market Analysis, Insights and Forecast – By Operation Mode
- 6.5.1. Remotely Piloted
- 6.5.2. Optionally Piloted
- 6.5.3. Fully Autonomous
- 6.6. Market Analysis, Insights and Forecast – By Systems
- 6.6.1. Platform
- 6.6.2. Payload
- 6.6.3. Datalink
- 6.6.4. Ground Control Station
- 6.6.5. UAV Launch And Recovery System
- 6.7. Market Analysis, Insights and Forecast – By Country
- 6.7.1. U.S.
- 6.7.2. Canada
7. Europe Unmanned Aerial Vehicle Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Type
- 7.2.1. Fixed Wing
- 7.2.2. Rotary Wing
- 7.3. Market Analysis, Insights and Forecast – By Class
- 7.3.1. Small UAV
- 7.3.2. Tactical UAV
- 7.3.3. Special Purpose UAV
- 7.4. Market Analysis, Insights and Forecast – By Application
- 7.4.1. Military
- 7.4.2. Commercial
- 7.4.3. Government & Law Enforcement
- 7.4.4. Consumer
- 7.5. Market Analysis, Insights and Forecast – By Operation Mode
- 7.5.1. Remotely Piloted
- 7.5.2. Optionally Piloted
- 7.5.3. Fully Autonomous
- 7.6. Market Analysis, Insights and Forecast – By Systems
- 7.6.1. Platform
- 7.6.2. Payload
- 7.6.3. Datalink
- 7.6.4. Ground Control Station
- 7.6.5. UAV Launch And Recovery System
- 7.7. Market Analysis, Insights and Forecast – By Country
- 7.7.1. UK
- 7.7.2. Germany
- 7.7.3. France
- 7.7.4. Italy
- 7.7.5. Spain
- 7.7.6. Russia
- 7.7.7. Rest of Europe
8. Asia Pacific Unmanned Aerial Vehicle Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Type
- 8.2.1. Fixed Wing
- 8.2.2. Rotary Wing
- 8.3. Market Analysis, Insights and Forecast – By Class
- 8.3.1. Small UAV
- 8.3.2. Tactical UAV
- 8.3.3. Special Purpose UAV
- 8.4. Market Analysis, Insights and Forecast – By Application
- 8.4.1. Military
- 8.4.2. Commercial
- 8.4.3. Government & Law Enforcement
- 8.4.4. Consumer
- 8.5. Market Analysis, Insights and Forecast – By Operation Mode
- 8.5.1. Remotely Piloted
- 8.5.2. Optionally Piloted
- 8.5.3. Fully Autonomous
- 8.6. Market Analysis, Insights and Forecast – By Systems
- 8.6.1. Platform
- 8.6.2. Payload
- 8.6.3. Datalink
- 8.6.4. Ground Control Station
- 8.6.5. UAV Launch And Recovery System
- 8.7. Market Analysis, Insights and Forecast – By Country
- 8.7.1. China
- 8.7.2. India
- 8.7.3. Japan
- 8.7.4. Australia
- 8.7.5. South East Asia
- 8.7.6. Rest of Asia Pacific
9. Latin America, Middle East and Africa Unmanned Aerial Vehicle Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Type
- 9.2.1. Fixed Wing
- 9.2.2. Rotary Wing
- 9.3. Market Analysis, Insights and Forecast – By Class
- 9.3.1. Small UAV
- 9.3.2. Tactical UAV
- 9.3.3. Special Purpose UAV
- 9.4. Market Analysis, Insights and Forecast – By Application
- 9.4.1. Military
- 9.4.2. Commercial
- 9.4.3. Government & Law Enforcement
- 9.4.4. Consumer
- 9.5. Market Analysis, Insights and Forecast – By Operation Mode
- 9.5.1. Remotely Piloted
- 9.5.2. Optionally Piloted
- 9.5.3. Fully Autonomous
- 9.6. Market Analysis, Insights and Forecast – By Systems
- 9.6.1. Platform
- 9.6.2. Payload
- 9.6.3. Datalink
- 9.6.4. Ground Control Station
- 9.6.5. UAV Launch And Recovery System
- 9.7. Market Analysis, Insights and Forecast – By Country
- 9.7.1. Brazil
- 9.7.2. Saudi Arabia
- 9.7.3. UAE
- 9.7.4. Rest of LAMEA
10. Competitive Analysis
- 10.1. Company Market Share Analysis, 2018
- 10.2. Key Industry Developments
- 10.3. Company Profile
- 10.4. General Atomics Aeronautical Systems, Inc.
- 10.4.1. Business Overview
- 10.4.2. Segment 1 & Service Offering
- 10.4.3. Overall Revenue
- 10.4.4. Geographic Presence
- 10.4.5. Recent Development
- 10.5. Northrop Grumman Corporation
- 10.6. Elbit Systems Ltd.
- 10.7. Israel Aerospace Industries Ltd.
- 10.8. SZ DJI Technology Co., Ltd.
- 10.9. AeroVironment, Inc.
- 10.10. Lockheed Martin Corporation
- 10.11. Thales Group
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
