Taking Flight : The Skyrocketing Future of the UAV Market – Size Projected to Reach $70.91 Billion by 2030

OREGAON, PORTLAND, UNITED STATES , October 16, 2023 /EINPresswire.com/ — According to the report published by Allied Market Research, the global unmanned aerial vehicle (UAV) market generated $24.72 billion in 2020, and is expected to reach $70.91 billion by 2030, witnessing a CAGR of 11.7% from 2021 to 2030. The report provides a detailed analysis of changing market dynamics, top investment pockets, regional landscape, key segments, value chain, and competitive scenario.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 – https://www.alliedmarketresearch.com/request-sample/9424

Increase in military spending and rise in demand for improved surveillance solutions drive the growth of the global unmanned aerial vehicle (UAV) market. However, expensive nature of UAV solutions restrains the market growth. On the other hand, defense modernization and new contracts and agreements with military forces create opportunities in the coming years.

In addition, market participants are entering into long term agreements and contracts with end users such as law enforcement and military agencies to gain competitive advantage in the global market. North America dominates the unmanned aerial vehicle (UAV) market in the year 2020. India, China, Japan, Germany, and The U.S. are expected to witness as emerging countries in the global unmanned aerial vehicle (UAV) market. The global unmanned aerial vehicle (UAV) market is a fairly fragmented market with several number of players are operating in the global market. Majority of the market participants are strategically involved in acquisition, agreement, collaboration, contract, partnership, product development, and product launch activities.

𝐋𝐢𝐬𝐭 𝐎𝐟 𝐊𝐞𝐲 𝐂𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬:
𝐀𝐞𝐫𝐨𝐕𝐢𝐫𝐨𝐧𝐦𝐞𝐧𝐭, 𝐈𝐧𝐜.,
𝐀𝐢𝐫𝐛𝐮𝐬 𝐒.𝐀.𝐒.,
𝐁𝐀𝐄 𝐒𝐲𝐬𝐭𝐞𝐦𝐬 𝐩𝐥𝐜,
𝐃𝐉𝐈,
𝐄𝐥𝐛𝐢𝐭 𝐒𝐲𝐬𝐭𝐞𝐦𝐬 𝐋𝐭𝐝.,
𝐅𝐋𝐈𝐑 𝐒𝐲𝐬𝐭𝐞𝐦𝐬, 𝐈𝐧𝐜.,
𝐋𝐨𝐜𝐤𝐡𝐞𝐞𝐝 𝐌𝐚𝐫𝐭𝐢𝐧 𝐂𝐨𝐫𝐩𝐨𝐫𝐚𝐭𝐢𝐨𝐧,
𝐍𝐨𝐫𝐭𝐡𝐫𝐨𝐩 𝐆𝐫𝐮𝐦𝐦𝐚𝐧 𝐂𝐨𝐫𝐩𝐨𝐫𝐚𝐭𝐢𝐨𝐧,
𝐓𝐞𝐱𝐭𝐫𝐨𝐧 𝐈𝐧𝐜.,
𝐓𝐡𝐞 𝐁𝐨𝐞𝐢𝐧𝐠 𝐂𝐨𝐦𝐩𝐚𝐧𝐲.

𝐏𝐫𝐨𝐜𝐮𝐫𝐞 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 𝐍𝐨𝐰 – https://www.alliedmarketresearch.com/unmanned-aerial-vehicle-market/purchase-options

𝐓𝐡𝐞 𝐫𝐞𝐩𝐨𝐫𝐭 𝐨𝐟𝐟𝐞𝐫𝐬 𝐝𝐞𝐭𝐚𝐢𝐥𝐞𝐝 𝐬𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧 𝐨𝐟 𝐭𝐡𝐞 𝐠𝐥𝐨𝐛𝐚𝐥 𝐮𝐧𝐦𝐚𝐧𝐧𝐞𝐝 𝐚𝐞𝐫𝐢𝐚𝐥 𝐯𝐞𝐡𝐢𝐜𝐥𝐞 𝐦𝐚𝐫𝐤𝐞𝐭 (𝐔𝐀𝐕) 𝐛𝐚𝐬𝐞𝐝 𝐨𝐧 𝐭𝐲𝐩𝐞, 𝐚𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧, 𝐰𝐞𝐢𝐠𝐡𝐭, 𝐚𝐧𝐝 𝐫𝐞𝐠𝐢𝐨𝐧.

𝐁𝐚𝐬𝐞𝐝 𝐨𝐧 𝐭𝐲𝐩𝐞, the rotary wing segment contributed to the largest market share in 2020, holding more than half of the total share, and is estimated to maintain its leadership status during the forecast period. Moreover, this segment is expected to manifest the highest CAGR of 12.3% from 2021 to 2030. The research also analyzes the segments including fixed-wing and hybrid.

𝐁𝐚𝐬𝐞𝐝 𝐨𝐧 𝐚𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧, the civil & commercial segment held the highest share in 2020, accounting for more than one-fourth of the global unmanned aerial vehicle (UAV) market, and is projected to maintain its lead in terms of revenue throughout the forecast period. Moreover, this segment is size expected to register the fastest CAGR of 13.5% from 2021 to 2030. The report analyzes the segments including military & defense, logistics & transportation, construction & mining, and others.

𝐁𝐚𝐬𝐞𝐝 𝐨𝐧 𝐫𝐞𝐠𝐢𝐨𝐧, North America accounted for the highest share in 2020, holding nearly two-fifths of the total share, and is estimated to maintain its dominant share by 2030. However, Asia-Pacific is projected to portray the largest CAGR of 15.6% during the forecast period.

𝐈𝐧𝐭𝐞𝐫𝐞𝐬𝐭𝐞𝐝 𝐭𝐨 𝐏𝐫𝐨𝐜𝐮𝐫𝐞 𝐭𝐡𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭? 𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠 – https://www.alliedmarketresearch.com/purchase-enquiry/9424

𝐊𝐞𝐲 𝐅𝐢𝐧𝐝𝐢𝐧𝐠𝐬 𝐎𝐟 𝐓𝐡𝐞 𝐒𝐭𝐮𝐝𝐲

By type, the rotary wing segment is expected to register significant growth during the forecast period.
By application, the civil & commercial segment is projected to lead the global market in terms of market share by the end of the forecast period.
By weight, the more than 50 Kg segment is projected to lead the global market, in terms of market share, by the end of the forecast period.
By region, North America dominated the global unmanned aerial vehicle (UAV) market in 2020 in terms of market share.

𝐒𝐢𝐦𝐢𝐥𝐚𝐫 𝐑𝐞𝐩𝐨𝐫𝐭𝐬:-
https://www.alliedmarketresearch.com/unmanned-aerial-vehicles-uavs-simulation-market-A08545 – Unmanned Aerial Vehicles (UAVs) Simulation Market
https://www.alliedmarketresearch.com/solar-powered-uav-market-A08543 – Solar-Powered UAV Market
https://www.alliedmarketresearch.com/UAV-flight-training-and-simulation-market – UAV Flight Training and Simulation Market
https://www.alliedmarketresearch.com/stratospheric-uav-payload-market-A10210 – Stratospheric UAV Payload Market
https://www.alliedmarketresearch.com/nano-uav-drones-market-A10437 – Nano UAV Drones Market

David Correa
Allied Market Research
+1 800-792-5285
email us here
Visit us on social media:
Facebook
Twitter
LinkedIn