UAV Drone Market

2021-2030 Analysis and Review UAV Drone Market

UAV Drone Market

UAV Drone Market By Type (Commercial, Military by Payload), By Component (Camera System, Battery, Propulsion System, Sensor, Navigation System, Others) - Growth, Share, Opportunities & Competitive Analysis, 2021 - 2030

10-03-2022 REP-HC-139342 110 pages Format

The global unmanned Arial vehicles (UAV) drone market is anticipated to grow at a CAGR of 21.7% during the forecast year 2022-2030. Increasing terrorism worldwide and high R&D in drone technology increased the demand of the military UAV Drones globally. In military 150 kg drone market holds the largest market share with 58.97% of the total military UAV drone market in 2021. In addition, 600 kg UAV drones hold the fastest market growth with 25.1% CAGR growth during the forecast period. 

UAV Drone Market

New applications are Spurring Demand for UAV Drones

Due to increasing demand of the commercial UAV drones, the demand for UAV drones across the globe has risen impressively. Owing to rising media and entertainment industry increased the demand of UAV drone in commercial segment. The commercial UAV drone market holds 11.85% of the global UAV drone market and is expected to grow with a 23.3% CAGR in the forecast period. 

Batteries to Hold the Largest Share, Yet Sensor to Grow the Fastest

Among various components, the battery market held the largest share of the global UAV drone market with 29.15% in the year. The increasing demand of UAV drone in military and commercial segment such as media and entertainment, transportation, infrastructure and many more has increased the demand of Batteries in global UAV drone market.  However, the sensor component market is expected to be the fastest growing market with a CAGR of 25.3% during the forecast period. 

North America Takes the Lions Share

North America held the largest market share with 59% of the global UAV drone market in 2021 due to rising spending in military and technological advancement. The North America UAV drone market is valued to grow at a CAGR of 17.8% during the forecast year. The U.S. is major contributor to the growth of UAV drone market in North America. In addition, the Asia Pacific is expected to be the fastest growing market with a CAGR of 27.6% in the forecast period. China and India are the key countries contributing to the market growth of UAV Drone in Asia Pacific. Growing investment in defense has increased the market in the Asia Pacific region. 

Intensity of Competition to Increase During the Forecast Period

Companies present in the UAV drones market are continuously focusing on increasing their market revenue by adopting numerous strategic initiatives in terms of partnerships, mergers & acquisitions, product launch and various others. DJI (Dà-Jiāng Innovations Science and Technology Co., Ltd.) remains as the market leader. The intensity of competitive rivalry is high with the availability of major players such as DJI and parrot & 3D Robotics etc. It is expected that more companies will enter into this market, which will increase more competition. Thus, the intensity of competitive rivalry is high in the market. 

Historical & Forecast Period

This research report presents the analysis of each segment from 2020 to 2030 considering 2021 as the base year for the research. Compounded annual growth rate (CAGR) for each respective segment are calculated for the forecast period from 2021 to 2030.

Report Methodology

Market revenues and CAGR were derived from primary and secondary research. Both quantitative and qualitative trends were considered for extrapolation of market revenues. The derived market estimates were further validated from top down, bottom strategies and primary research. The scope of the market is limited to the following segments of product categories and region.

By Type (2020-2030; US$ Mn)

  • Commercial
  • Military by Payload
    • Up to 150 Kg
    • Up to 600 Kg
    • Above 600 Kg

By Component (2020-2030; US$ Mn)

  • Camera System
  • Battery
  • Propulsion System
  • Sensor
  • Navigation System
  • Others

By Application (2020-2030; US$ Mn)

  • Infrastructure
  • Transport
  • Media and Entertainment
  • Agriculture
  • Others

By Region (2020-2030; US$ Mn)

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Africa

Global Impact of Covid-19 Segment (2020-2021; US$ Mn)

  • Pre Covid-19 situation
  • Post Covid-19 situation 

Key questions answered in this report

  • What are the key market segments in the current scenario and in the future by product categories?
  • What are the key market segments in current scenario and in the future by regions?
  • What is the key impact of Covid-19 over market revenues and market determinants in the global UAV drone market?
  • What are the primary and secondary macro and micro factors influencing the market growth currently and during the forecast period?
  • What are the primary and secondary macro and micro factors deterring the market growth currently and during the forecast period?
  • How to overcome the current market challenges and leverage the opportunities in each of the market segment?
  • Who are the key players in the operational predictive maintenance market and what are their key product categories and strategies?
  • What are the key strategies – mergers/acquisitions/R&D/strategic partnerships etc. that companies are deploying to enhance market revenues and growth

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