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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Unmanned Aerial Vehicle (UAV) Market Competitive Landscape
Market players are driving the global unmanned aerial vehicle (UAV) market growth by offering UAVs for defence, aerospace, and security solutions tailored to air, land, and maritime uses.
Northrop Grumman Corporation, founded in 1994 and based in the United States, is a prominent global aerospace, defence, and security company. Much of its operations are conducted with the U.S. government, particularly the Department of Defence and the intelligence community, but it also offers solutions to clients worldwide, including commercial customers.
BAE Systems plc, established in 1999 and headquartered in the UK, is a defence contractor and systems integrator specializing in defence, aerospace, and security solutions for air, land, and maritime applications. The company provides a range of products, including advanced electronics, cybersecurity and intelligence solutions, information technology services, and support services.
Israel Aerospace Industries Ltd., founded in 1953 and based in Israel, specializes in the design, development, production, and maintenance of civil aircraft, UAVs, fighter aircraft, missiles, avionics, and space-based systems. IAI is primarily focused on engineering, aviation, and high-tech electronics, along with manufacturing military systems for ground and naval forces.
AeroVironment, Inc., established in 1971 and headquartered in the US, specializes in the marketing of small Unmanned Aircraft Systems, Loitering Munition Systems, Unmanned Ground Vehicles, and High-Altitude Pseudo-Satellites. The company provides actionable intelligence to empower troops, engineers, and other professionals, enabling them to proceed with confidence.
Other key players in the global unmanned aerial vehicle (UAV) market are Elbit Systems Ltd., Teledyne FLIR LLC, Raytheon Technologies, The Boeing Company, General Atomics, Airbus SE, Safran S.A., Thales Group, mdGroup, and Lockheed Martin Corporation among others.
Unmanned Aerial Vehicle (UAV) Market Report Snapshots
Unmanned Aerial Vehicle (UAV) Market Size
Unmanned Aerial Vehicle (UAV) Market Trends
Unmanned Aerial Vehicle (UAV) Companies
Unmanned Aerial Vehicle (UAV) Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The market was valued at USD 37.46 billion in 2023.
The market is projected to grow at a CAGR of 16.5% between 2024 and 2032.
The revenue generated from the unmanned aerial vehicle (UAV) market is expected to reach USD 148.19 billion in 2032.
The market is being driven by technological innovations, government initiatives, safety measures, and disaster management strategies.
The unmanned aerial vehicle (UAV) market is categorised according to its class, which includes small and medium UAV and large UAV.
The major key players in the market are Northrop Grumman Corporation, BAE Systems plc, Israel Aerospace Industries Ltd., AeroVironment, Inc., Elbit Systems Ltd., Teledyne FLIR LLC, Raytheon Technologies, The Boeing Company, General Atomics, Airbus SE, Safran S.A., Thales Group, mdGroup, and Lockheed Martin Corporation among others.
Based on the application, the unmanned aerial vehicle (UAV) market is divided into platform, payload, datalink, ground control station and UAV launch and recovery system.
The major market areas include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Based on the end use, the unmanned aerial vehicle (UAV) market is divided into military and defence, civil and commercial, energy and power, construction and mining and others.
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