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Unmanned Aerial Vehicle (UAV) Market is Expected to Grow at a CAGR of 11.7% by 2030

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Unmanned Aerial Vehicle (UAV) Market
The spread of the COVID-19 pandemic has impacted the global unmanned aerial vehicles (UAV) market on a
significant extend. The reduction in aerospace spending had a negative impact on autonomous aircraft development
and deployment plans, particularly unmanned aerial vehicles (UAVs). Various countries with the foundations of a
drone-friendly environment, such as U.S., the UK, China, Germany, and others, were able to quickly mobilize the
technology from the start of the pandemic. These countries were able to incorporate unmanned aerial vehicle (UAV)
into the COVID-19 response activities, due to enabling factors such as favorable regulations, skilled workforce,
presence of vital resources, high adoption, and others.
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Unmanned Aerial Vehicle (UAV) Market
The global unmanned aerial vehicle market was valued at $24.72 billion in 2020, and is projected to reach $70.91
billion by 2030, registering a CAGR of 11.7%. North America was the highest revenue contributor, accounting for
$9.80 billion in 2020, and is estimated to reach $24.22 billion by 2030, with a CAGR of 10.0%. Asia-Pacific is
estimated to reach $21.34 billion by 2030, at a significant CAGR of 15.6%.
Unmanned aerial vehicle (UAV) is an aerial transportation medium that operates without on-board crew or
passengers guided by remote control, autonomously, or both. UAV is the next generation aircraft technology utilized
for surveillance, assessment, logistics, and photography among others. Introduction of rules and regulation
pertaining to usage of UAVs by various countries are directly influence the demand for unmanned aerial vehicle.
Unmanned aerial vehicle (UAV) also known as drones.
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Unmanned Aerial Vehicle (UAV) Market
Key Benefits For Stakeholders
• This study presents analytical depiction of the global unmanned aerial vehicle (UAV) market analysis along with
the current trends and future estimations to depict imminent investment pockets.
• The overall unmanned aerial vehicle (UAV) market opportunity is determined by understanding profitable trends
to gain a stronger foothold.
• The report presents information related to key drivers, restraints, and opportunities of the global unmanned
aerial vehicle (UAV) market with a detailed impact analysis.
• The current unmanned aerial vehicle (UAV) market is quantitatively analyzed from 2020 to 2030 to benchmark
the financial competency.
• Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the industry.
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Unmanned Aerial Vehicle (UAV) Market
Major Companies:
AeroVironment, Inc.
Airbus S.A.S.
BAE Systems plc
Elbit Systems Ltd.
FLIR Systems, Inc.
Lockheed Martin Corporation
Northrop Grumman Corporation
Textron Inc.
The Boeing Company
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Unmanned Aerial Vehicle (UAV) Market
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