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Unmanned Aerial Vehicle (UAV) Market- Forecast & Opportunity, 2019-2027

Global Unmanned Aerial Vehicle (UAV) Market: Information By UAV Type, Application, Class, System, MTOW, Mode of Operation,Range,Point of Sale and Region.

Global Unmanned Aerial Vehicle (UAV) Market was valued at over USD 15.21 Billion in 2018 and is expected to grow at a CAGR of 14 % by 2027. The major manufacturer such as Textron, Northrop Grumman has manufacturing revenue margin of 10-20% on the product.

An Unmanned aerial vehicle (UAV) are remotely piloted vehicles or aircraft, also termed as ‘Drones’ (Dynamic Remotely Operated Navigation Equipment) that have significant roles in the military, civil & commercial and homeland security. The UAVs may operate either under remote control by a human operator or autonomously by onboard computers. In terms of size, large-sized remotely pilot aircraft are powered by internal combustion engines and propulsion systems which are supplied by companies such as Sky Power (Germany), Northwest UAV (USA), CIRCOR Aerospace & Defense (USA) and others, while relatively small UAVs are driven by electric motors, supplied by Ballard Power Systems (Canada).

The market provides opportunities for stakeholders and manufacturers to invest in raw materials and inventories to reduce the risk factors and increase profitability.According to Consumer Technology Association, 2.4 million personal drones were sold in the U.S. in 2016.Moreover, it is acknowledged that the military operations carried out in Afghanistan and Iraq were successful, due to the ISR contributions made by UAVs. According to the FAA, 80% of UAVs are manufactured in U.S. and Israel and are also considered to be the major exporter.

Despite the rapid pace at which UAV technology is progressing, privacy and security concerns continue to delay widespread adoption. Over the period, UAV are planned to being employed in global supply chain management systems.Logistics companies like DHL& Amazonare investing to develop and experiment with UAV, to deliver lightweight consumer goods.

This report addresses three topics that will help to sort out through the current market challenges:

  • UAV Value and Volume: Realpotential of the market? Which segment of the supply chain and value chainare appealing investment pockets, and are there areas of untapped opportunities?
  • Factors Affecting Market:Forces which determines how UAV market evolves? What recent technologies and development provides growth opportunities, and how can stakeholders  proactively shape their demand?
  • Strategic Decision: How can stakeholders capture or create value? And address the market pain points


Segmental Insights:

Based on UAV type, the market can be segmented into Fixed-Wing UAVs, Multirotor UAVs, Single Rotor UAVs, and Hybrid VTOL UAVs. Fixed-Wing UAVs spearheads the market during the forecast period and is expected to remain dominant owing to its high capability, long-endurance, reliability and affordability. Its production factors are supported by shorter lead times and affordability when compared with similar aircraft. Moreover, the relaxation of restrictions imposed on commercial use of drones is expected to steer product market growth.

In terms of application, increasing use of UAVs in commercial and military applications is one of the major factors projected to drive global UAV market growth. Properties of small UAVs such as portability, high efficiency, and low operating costs have fueled the use of small drones in civil & commercial applications.According to FAA, the commercial drone-based service industry is estimated to be worth USD 705.3 million in 2019.By 2025, the drone service industry is likely to engross over USD 82 billion to the US economy. According to our analysis, UAV’s is expected to deliver over USD 100 billion global market opportunity in various sectors such as commercial, military, & agriculture between the period of  2019-2027.

Based on scale, Small UAVs segment is likely to account the largest share as sales of fixed-wing UAVs is spearheading the global market.Demand for small UAVs from commercial sector is increasing rapidly, as these UAVs are used in search & rescue operations, firefighting, law enforcement, agriculture, wildlife survey, photography, and disaster management.

Regional Insights:

Geographically, North America is expected to dominate the UAVs market during the foreseen period. It is the largest operator of UAVs worldwide, and the U.S army is the single largest buyer of UAVs globally. Nevertheless, restricted budgetary allocation for Multirotor UAV across this region, due to larger focus on fixed wing UAV’s is expected to offer strategic opportunities for investors. According to Federal Aviation Administration (FAA), 8 % of Americans own drone and its sales grew by 63% during FY2014-2015. According to MCG, projected sales of drones in U.S will reach 7 million by 2020.

Asia Pacific is witnessing major growth in UAVs market, owing to its cost-saving advantage across commercial applications.The market growth for small UAVs in the region has shown a major momentum and trend to adopt technology more easily compare to other regions. Logistics players such as Amazon in 2016, planned to deliver the goods through small UAVs/drones, their program is called Amazon Prime Air, which is yet to start across the globe.

Global Unmanned Aerial Vehicle (UAV) Market:

UAV Type:

  • Fixed-Wing UAVs
  • Multirotor UAVs
  • Single Rotor UAVs
  • Hybrid VTOL UAVs


  • Military
    • Intelligence, Surveillance, and Reconnaissance (ISR)
    • Combat Operations
    • Battle Damage Management
  • Civil & Commercial
    • Precision Agriculture
    • Remote Sensing
    • Inspection Monitoring
    • Photography & Film Production
    • Surveying and Mapping
    • Product Delivery
    • Wildlife Research & Preservation
    • Scientific Research
  • Homeland Security
    • Border Management
    • Traffic Monitoring
    • Fire Fighting & Disaster Management
    • Search & Rescue
    • Law Enforcement
    • Maritime Security
  • Consumer
    • Prosumer
    • Hobbyist/DIY

By Class:

  • Small UAVs
    • Nano UAVs
    • Micro UAVs
    • Mini UAVs
  • Tactical UAVs
    • Close Range (CR) UAVs
    • Short Range (SR) UAVs
    • Medium Range (MR) UAVs
    • Medium Range Endurance (MRE) UAVs
    • Low Altitude Deep Penetration (LADP) UAVs
    • Low Altitude Long Endurance (LALE) UAVs
  • Strategic UAVs
    • MALE
    • HALE
  • Special Purpose UAVs
    • UCAVs
    • Loitering UAVs
    • Swarm Drones
    • Lethal UAVs
    • Decoy UAVs
    • Stratospheric UAVs
    • Exo-Stratospheric UAVs

By System:

  • UAV Platforms, By Subsystem
    • UAV Airframe, By Material Type
      • UAV Alloys
      • UAV Plastics
      • UAV Composites, By Composite Type
        • Carbon Fiber Reinforced Polymer (CFRP)
        • Glass Fiber Reinforced Polymer (GFRP)
        • Boron Fiber Reinforced Polymer (BFRP)
        • Aramid Fiber Reinforced Polymer (AFRP)
    • UAV Avionics
      • UAV Flight Control Systems, By Subcomponent
        • UAV Air Data Computers
        • UAV Flight Control Computers/UAV Autopilots
      • UAV Navigation Systems, By Subcomponent
        • UAV GPS/GNSS  
        • UAV INS/IMU
        • UAV Sense & Avoid Systems
      • UAV Sensors, By Type
        • Speed Sensors
        • Light Sensors
        • Proximity Sensors
        • Position Sensors
        • Temperature Sensors
      • UAV Communication Systems
      • Others
  • UAV Payloads, By Type
    • UAV Cameras, By Type
      • High-Resolution Cameras
      • Multispectral Cameras
      • Hyperspectral Cameras
      • Thermal Cameras
      • EO/IR Cameras
    • UAV CBRN Sensors
    • UAV Intelligence Payloads, By Type
      • Signal Intelligence (SIGINT)
      • Electronic Intelligence (ELINT)
      • Communication Intelligence (COMINT)
      • Telemetry Intelligence (TELINT)
    • UAV Radar, By Type
      • Synthetic Aperture Radar (SAR)
      • Active Electronically Scanned Array (AESA) Radar
    • UAV LiDAR
    • UAV Gimbals
    • Others
  • UAV Data Links
  • UAV Ground Control Stations
  • UAV Launch and Recovery Systems


  • <25 Kilograms
  • 25-150 Kilograms
  • >150 Kilograms

By Mode of Operation:

  • Remotely Operated UAVs
  • Semi-Autonomous UAVs
  • Fully-Autonomous UAVs

By Range:

  • Visual Line of Sight (VLOS)
  • Extended Visual Line of Sight (EVLOS)
  • Beyond Line of Sight (BLOS)

By Point of Sale:

  • OEM
  • Aftermarket

By Region:

  • North America
  • Asia Pacific
  • Europe
  • Middle East & Africa
  • Latin America

Key Players:

  • 3D Robotics Inc
  • Aeronautics Ltd
  • Aerovironment Inc
  • Bae Systems
  • Elbit Systems Ltd
  • General Atomics Aeronautical Systems Inc (Ga-Asi)
  • Israel Aerospace Industries Ltd
  • Lockheed Martin Corporation
  • Northrop Grumman Corporation
  • Parrot Sa
  • Saab Ab
  • Sz Dji Technology Co Ltd
  • Textron Inc.
  • Thales Group
  • The Boeing Company
  • Aeryon Labs
  • ZALA Aero
  • Mikoyan
  • CybAero
  • IAI Searcher
  • Al Fajer L-10
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