Forencis Research Unmanned Aerial Vehicle (UAV) Market Size by 2024

Unmanned Aerial Vehicle (UAV) Market Size, Share, Investment
Opportunities, Top Regions, Growth & Forecast by 2024
The Global Unmanned Aerial Vehicles (UAV) Market is estimated to reach USD 36.2 Billion in 2024
at a CAGR of 14.69%. Increase use of UAVs in commercial & civil application, Preference of UAVs in
critical military missions, and increased usage in search and rescue operation and less expensive as
compared to manned aircrafts is expected to drive the UAV market during the forecast period.
However, strict regulations governing the commercial usage of drones in major countries is expected
to restrain the market during the forecast period. Boost in defense budget of major economies,
potential usage as a cargo delivery method and can be accessed by a wide range of end-users is
expected to become an opportunity for UAV market.
Unmanned aerial vehicles (UAV) is an air bone system or an aircraft operated remotely by a human
operator or autonomously based on pre-programmed flight plans. UAVs can be controlled by on-
board electronic equipment’s or via control equipment from the ground. UAVs are used for
observation and tactical planning. Some key players in UAV are 3D Robotics, Inc., AeroVironment,
Inc., Airbus S.A.S., BAE Systems. and DJI among others.
Unmanned Aerial Vehicles (UAV) Market Report Synopsis
This market research report offers a comprehensive analysis of key market trends in the global UAV
market. It includes detailed discussion on historical market trends, current market dynamics,
consumer landscape, growth opportunities and challenges backed by factful feedbacks. Based on
components, the UAV market can be segmented into UAV LiDAR, UAV gimbals, UAV radar, UAV data
links, UAV ground control stations, UAV launch & recovery systems, UAV sensors and others. The
segmentation by type includes fixed-wing, multi–rotor, single-rotor helicopter and fixed-wing hybrid
VTOL. The segmentation by range includes very close range UAVs, close range UAVs, short range
UAVs, mid-range UAVs and endurance UAVs. The segmentation by end-user includes agriculture,
construction, defence & security, transportation and warehousing, energy, mining, oil & gas
extraction, media & entertainment, wildlife & forestry and others. The regional analysis is covered
under five major regions such as North America, South America, Europe, Asia-Pacific, Middle East &
Africa and South America, with individual country-level analysis.
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