Global Unmanned Aerial Vehicle Market (2020 to 2027) – Growing Defense Budgets of Major Economies Present Opportunities – Yahoo Finance

Dublin, June 24, 2020 (GLOBE NEWSWIRE) — The “Unmanned Aerial Vehicle (UAV) Market by Component (Hardware, Software), Class (Mini UAVs, Micro UAVs), End User (Military, Commercial, Agriculture), Type (Fixed Wing, Rotary-Wing UAVs), Capacity, and Mode of Operation – Global Forecast to 2027” report has been added to’s offering.

The unmanned aerial vehicle (UAV) market is expected to reach $21.8 billion by 2027, at a CAGR of 14.1% during the forecast period of 2020 to 2027. Also, in terms of volume, the market is expected to grow at a CAGR of 16.2% from 2020 to 2027 to reach 13.2 million units by 2027.

The growth in this market is mainly attributed to the rising adoption of UAVs in civil and commercial applications, increasing deployment of UAV in border patrolling and combating terrorism, and federal aviation administration (FAA) approved regulations to permit the use of UAVs in several industries.

The study offers a comprehensive analysis of the global unmanned aerial vehicle market with respect to components, type, class, capacity, mode of operation, end user, and geography. The global unmanned aerial vehicle market is segmented on the basis of component (UAV hardware, UAV software); class (small UAVs, strategic & tactical UAVs, special-purpose UAVs); type (fixed-wing UAVs, fixed-wing VTOL UAVs, rotary-wing UAVs); capacity (<25 Kilograms, 25-170 Kilograms, >170 Kilograms); mode of operation (remotely operated UAVs, semi-autonomous UAVs, fully autonomous UAVs); and end user (military, commercia, law enforcement, agriculture, energy & power, construction & mining, media & entertainment, wildlife & forestry, insurance). The study also evaluates industry competitors and analyses the market at a country level.

Geographically, the global UAV market is segmented into five major geographies, namely North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. The North America region is estimated to command the largest share of the global unmanned aerial vehicle market in 2020. However, Asia-Pacific region is expected to witness rapid growth during the forecast period. The rapid growth of this region is mainly driven by the increasing adoption of automation and advanced technologies across a wide range of industries in countries such as China and Japan to counter the rising labor costs; supporting government initiatives across the region; and investments by major UAV companies.

The key players operating in the global unmanned aerial vehicle market are Elbit Systems Ltd. (Israel), Northrop Grumman Corporation (U.S.), General Atomics (U.S.), AeroVironment, Inc. (U.S.), Lockheed Martin Corporation (U.S.), Israel Aerospace Industries Ltd. (Israel), Parrot S.A.(France), Microdrones GmbH (Germany), PrecisionHawk Inc (U.S.), SZ DJI Technology Co., Ltd (China), 3D Robotics (U.S.), Textron Inc. (U.S.), Boeing (U.S.), Aeronautics (U.S), Saab AB (Sweden), BAE Systems plc (U.K.), Ehang (china), Raytheon Company (U.S.), Turkish Aerospace Industries (Turkey), and Yuneec International (China) among others.

Key questions answered in the report:

  • Which are the high growth market segments in terms of the components, type, class, capacity, end-user, and countries?
  • What is the historical market for unmanned aerial vehicle across the globe?
  • What are the market forecasts and estimates from the period of 2020-2027?
  • What are the major drivers, restraints, and opportunities in the global unmanned aerial vehicle market?
  • Who are the major players in the global unmanned aerial vehicle market and what share of the market do they hold?
  • Who are the major players in various countries and what share of the market do they hold?
  • How is the competitive landscape?
  • What are the recent developments in the global unmanned aerial vehicle market?
  • What are the different strategies adopted by the major players in the global unmanned aerial vehicle market?
  • What are the geographical trends and high growth countries?
  • Who are the local emerging players in the global unmanned aerial vehicle market and how do they compete with the other players?

Key Topics Covered:

1. Introduction

2. Research Methodology

3. Executive Summary
3.1. Introduction
3.2. Market Dynamics
3.3. Market Analysis, by Component
3.4. Market Analysis, by UAV Class
3.5. Market Analysis, by UAV Type
3.6. Market Analysis, by UAV Capacity
3.7. Market Analysis, by Mode of Operation
3.8. Market Analysis, by End User
3.9. Market Analysis, by Geography

4. Market insights
4.1. Introduction
4.2. Market Dynamics
4.3. Drivers
4.3.1. Rising Adoption of UAVs in Civil and Commercial Applications
4.3.2. Increasing Deployment of UAVs for Border Patrolling and Combating Terrorism
4.3.3. Exemptions Made by Regulatory Authorities around the Globe to Permit the Use of UAVs in Several Industries
4.4. Restraints
4.4.1. Technical Limitations of UAVs
4.5. Opportunities
4.5.1. Increased Deployment of UAVs to Carry Out Aerial Remote Sensing
4.5.2. Growing Defense Budgets of Major Economies
4.6. Challenges
4.6.1. Lack of Proper Air Traffic Management for UAVs
4.6.2. Possible Threats to Safety and Violation of Privacy Threats to drones Hijacking Leak in supply chain Threats from drones Privacy Cybersecurity Physical safety
4.6.3. Lack of Skilled & Trained Personnel to Operate UAVs
4.7. Trends
4.7.1. Technological Developments in the Field of Drone Payloads
4.7.2. Emergence of Artificial Intelligence in Drones Applied Aeronautics AeroVironment (U.S.) Skydio (U.S.) Airlitix (U.S.)
4.7.3. Use of UAVs for Humanitarian Aid, Disaster Relief, and Emergency Response
4.8. Pricing Analysis, By Class
4.8.1. Pricing Overview
4.8.2. Mini UAV
4.8.3. Micro UAV
4.8.4. Strategic and Tactical UAV
4.8.5. Special Purpose UAV
4.8.6. Trend Analysis Mini Vs Micro UAV (Average Selling Price) Strategic and Tactical Vs Special Purpose UAV (Average Selling Price)
4.9. COVID-19 Impact Assessment
4.9.1. Introduction
4.9.2. Deployment of UAV amidst Covid-19 Disinfectant Spraying Medicine and Essential Deliveries UAV Surveillance and Monitoring Other Uses
4.9.3. UAV Manufacturers Suffer Production Delays Worldwide
4.9.4. COVID-19 Impact Assessment

5. Regulatory Analysis
5.1. Introduction
5.2. North America
5.3. Europe
5.4. Asia Pacific
5.5. Latin America
5.6. Middle East

6. Unmanned Aerial Vehicle Market, by Component
6.1. Introduction
6.2. UAV Hardware
6.3. UAV Software

7. Unmanned Aerial Vehicle Market, by Class
7.1. Introduction
7.2. Small UAVs
7.2.1. Mini UAVs
7.2.2. Micro UAVs
7.3. Strategic & Tactical UAVs
7.4. Special Purpose UAVs

8. Unmanned Aerial Vehicle Market, by Type
8.1. Introduction
8.2. Rotary-Wing UAVs
8.2.1. Multi Rotor Wing UAVs
8.2.2. Single Rotor Wing UAVs
8.3. Fixed-Wing UAVs
8.4. Fixed-Wing VTOL UAVs

9. Unmanned Aerial Vehicle Market, by Capacity
9.1. Introduction
9.2. Less Than 25 Kilograms
9.3. Greater Than 170 Kilograms
9.4. Between 25-170 Kilograms

10. Unmanned Aerial Vehicle Market, by Mode of Operation
10.1. Introduction
10.2. Remotely Operated UAV
10.3. Semi-Autonomous UAV
10.4. Fully Autonomous UAV

11. Unmanned Aerial Vehicle Market, by End-User
11.1. Introduction
11.2. Military
11.2.1. Covid-19 Impact on Military UAV Sector
11.3. Agriculture
11.4. Media & Advertising
11.5. Commercial
11.5.1. Covid-19 Impact on Commercial UAV Sector
11.6. Construction & Mining
11.6.1. Monitoring and inspection
11.6.2. Automatic Surveying and Mapping
11.6.3. Stockpile Management
11.6.4. Haulage Road Optimization
11.6.5. Covid-19 Impact on the Construction Sector
11.7. Energy & Power
11.7.1. Covid-19 Impact on Energy and Power Sector
11.8. Wildlife & forestry
11.9. Insurance
11.9.1. Covid-19 Impact on the insurance Sector
11.10. Law Enforcement
11.10.1. Crime Scene investigation
11.10.2. Cars, Planes and Boat Accidents
11.10.3. Traffic Management and Flow
11.10.4. Covid-19 Impact on Law Enforcement Sector
11.11. Others
11.11.1. Covid-19 Impact

12. Geographic Analysis
12.1. Introduction
12.2. North America
12.2.1. U.S.
12.2.2. Canada
12.3. Asia Pacific
12.3.1. China
12.3.2. Japan
12.3.3. India
12.3.4. Rest of Asia-Pacific
12.4. Europe
12.4.1. Germany
12.4.2. U.K.
12.4.3. France
12.4.4. Russia
12.4.5. Italy
12.4.6. Rest of Europe
12.5. Latin America
12.6. Middle East and Africa

13. Competitive Landscape
13.1. Introduction
13.2. New Product Launches & Enhancements
13.3. Partnerships, Agreements, and Collaborations
13.4. Key Acquisitions & Mergers
13.5. Key Expansions
13.6. Other Developments
13.7. Competitive Benchmarking
13.8. Market Ranking (2019)
13.8.1. General Atomics
13.8.2. Northrop Grumman Corporation
13.8.3. The Boeing Company
13.8.4. BAE Systems Plc
13.8.5. Israel Aerospace Industries Ltd

14. Company Profiles
14.1. Elbit Systems Ltd.
14.1.1. Business Overview
14.1.2. Financial Overview
14.1.3. Product and Service Portfolio
14.1.4. Strategic Developments
14.2. Northrop Grumman Corporation
14.2.1. Business Overview
14.2.2. Financial Overview
14.2.3. Product Portfolio
14.2.4. Strategic Developments
14.3. General Atomics
14.3.1. Business Overview
14.3.2. Financial Overview
14.3.3. Product and Service Portfolio
14.3.4. Strategic Developments
14.4. AeroVironment, Inc.
14.4.1. Business Overview
14.4.2. Financial Overview
14.4.3. Product and Services Portfolio
14.4.4. Strategic Developments
14.5. Lockheed Martin Corporation
14.5.1. Business Overview
14.5.2. Financial Overview
14.5.3. Product Portfolio
14.5.4. Strategic Developments
14.6. Israel Aerospace industries Ltd.
14.6.1. Business Overview
14.6.2. Financial Overview
14.6.3. Product Portfolio
14.6.4. Strategic Developments
14.7. Parrot S.A.
14.7.1. Business Overview
14.7.2. Financial Overview
14.7.3. Product Portfolio
14.7.4. Strategic Developments
14.8. Microdrones Gmbh
14.8.1. Business Overview
14.8.2. Financial Overview
14.8.3. Product Portfolio
14.8.4. Strategic Developments
14.9. PrecisionHawk, Inc.
14.9.1. Business Overview
14.9.2. Financial Overview
14.9.3. Product Portfolio
14.9.4. Strategic Developments
14.10. SZ DJI Technology Co., Ltd.
14.10.1. Business Overview
14.10.2. Financial Overview
14.10.3. Product Portfolios
14.10.4. Strategic Developments
14.11. 3D Robotics
14.11.1. Business Overview
14.11.2. Financial Overview
14.11.3. Product Portfolio
14.11.4. Strategic Developments
14.12. Textron Inc.
14.12.1. Business Overview
14.12.2. Financial Overview
14.12.3. Product Portfolio
14.12.4. Strategic Developments
14.13. The Boeing Company
14.13.1. Business Overview
14.13.2. Financial Overview
14.13.3. Product Portfolio
14.13.4. Strategic Developments
14.14. Saab AB
14.14.1. Business Overview
14.14.2. Financial Overview
14.14.3. Product Portfolio
14.14.4. Strategic Developments
14.15. BAE Systems Plc
14.15.1. Business Overview
14.15.2. Financial Overview
14.15.3. Product Portfolio
14.15.4. Strategic Developments
14.16. EHang
14.16.1. Business Overview
14.16.2. Financial Overview
14.16.3. Product Portfolio
14.16.4. Strategic Developments
14.17. Raytheon Technologies Corporation
14.17.1. Business Overview
14.17.2. Financial Overview
14.17.3. Product Portfolio
14.17.4. Strategic Developments
14.18. Yuneec
14.18.1. Business Overview
14.18.2. Financial Overview
14.18.3. Product Portfolio
14.18.4. Strategic Developments
14.19. Aeronautics
14.19.1. Business Overview
14.19.2. Financial Overview
14.19.3. Product and Service Portfolio
14.19.4. Strategic Developments
14.20. Turkish Aerospace industries
14.20.1. Business Overview
14.20.2. Financial Overview
14.20.3. Product and Service Portfolio
14.20.4. Strategic Developments
14.21. Primoco UAV SE
14.21.1. Business Overview
14.21.2. Financial Overview
14.21.3. Product Portfolio
14.21.4. Strategic Developments

For more information about this report visit

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