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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Unmanned Aerial Vehicle (UAV) Market Analysis by Region
In North America, advancements in technology and regulations, alongside diverse UAV applications, drive the industry. Robust research, entrepreneurship, and UAV roles in agriculture, infrastructure, and safety propel market growth, supported by accommodating regulatory frameworks emphasizing safety.
The Department of Defence in the USA utilises DoD UAS across all four defence services, including the National Guard. Currently, the Department operates over 11,000 UAS for domestic training and overseas missions.
As per the global unmanned aerial vehicle (UAV) market analysis, Asia Pacific boasts a growing aerospace industry, particularly in China and India, along with investments in UAV startups. This dynamic ecosystem encourages ongoing innovation and competition. The region's expansive landscapes and diverse industries drive demand for UAVs with a range of capabilities, from precision agriculture to disaster response.
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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