The global unmanned aerial vehicle market is expected to gain momentum from the increasing advancements in the field of drones. They are capable of analyzing millions of images for enhancing the decision-making skills of the management in a wide range of industries. Fortune Business Insights™ presented this information in a new report, titled, “Unmanned Aerial Vehicle Market Size, Share & COVID-19 Impact Analysis, By Class (Small UAVs, Tactical UAVs, and Strategic UAVs), By Technology (Remotely Operated, Semi-autonomous, and Fully-autonomous), By System (UAV Airframe, UAV Payloads, UAV Avionics, UAV Propulsion, and UAV Software), By Application (Military, Commercial and Recreational), and Regional Forecast, 2020-2027.” The report further states that the unmanned aerial vehicle (UAV) market size was USD 10.72 billion in 2019 and is projected to reach USD 25.13 billion by 2027, exhibiting a CAGR of 12.23% during the forecast period.
Request Sample Research Report-
Drivers & Restraints-
The effect of COVID-19 pandemic on the market is likely to remain moderate backed by the increasing usage of drones by the regulatory bodies worldwide to monitor public gatherings, thereby limiting direct physical contact. Antwork Inc., a China-based drone delivery company, for instance, provided medical supplies and reduced the involvement of humans by using drones. Also, in countries, such as the Netherlands, Belgium, Spain, India, China, Russia, and France, UAVs are extensively being used to spray disinfectants on government buildings, emergency hospitals, and public healthcare infrastructure. However, the strict government norms and laws regarding the usage of airspace to eliminate accidental damages may hamper the unmanned aerial vehicle market growth in the coming years.
This study includes brief information about key products in the global unmanned aerial vehicle market market followed by an overview of important segments and manufacturers. It also highlights the unmanned aerial vehicle market industry growth rates, different types, and application. Furthermore, it includes information about study objectives and total years considered for the complete research study.
Commercial Segment to Grow Rapidly Backed by Investment by Companies to Develop Air Taxi
In terms of application, the market is fragmented into commercial, residential, and military. Out of these, the commercial segment generated 4.6% in terms of unmanned aerial vehicle market share in 2019. This growth is attributable to the increasing usage of UAVs in logistics, forest monitoring, crop monitoring, aerial mapping, and surveying. Besides, industry giants, such as Uber and DHL Logistics are investing hefty amounts of money to develop Air Taxi and innovating air transportation, respectively. These factors would also contribute to the growth of this segment.
Speak to Analysis Before Buying This Report:
Increasing Usage of Drones in Military Applications to Spur Growth in North America
Geographically, in 2019, North America held USD 3.88 billion in terms of revenue. The region is anticipated to dominate during the forthcoming years owing to the rising usage of UAVs in several military applications. The U.S. houses a large number of renowned military UAVs manufacturers who are gaining a competitive edge by exporting their products to numerous countries worldwide.
Europe, on the other hand, is expected to grow moderately stoked by the high demand for navigation systems, avionics, software solutions, and cameras in the region. In Asia Pacific, the high demand for advanced warfare UAVs for tactical and strategic applications would affect the market growth positively in the near future. The major importers in this region are China, Pakistan, and India.
This Report Answers the Following Questions:
- What are the market dynamics, drivers, and obstacles?
- Which company will generate the largest revenue in the near future?
- How will COVID-19 impact the sales of UAVs?
- Which strategies are being adopted by companies to intensify competition?
Key Players Focus on Delivering Essentials via UAVs to Prevent Coronavirus Infection
The market is highly fragmented with the presence of a wide range of manufacturing companies all over the world. Some of them are presently focusing on delivering essentials through drones owing to the COVID-19 pandemic. The others are focusing on mergers and acquisitions with other local enterprises to strengthen their positions. Below are a couple of the latest industry developments:
List of all the UAV manufacturers operating in the global market. They are as follows:
- DJI (China)
- Parrot (France)
- Yuneec (China)
- 3D Robotics (U.S.)
- Go Pro (U.S.)
- Holy Stone (Taiwan)
- Autel Robotics (U.S.)
- Sense Fly (Switzerland)
- Kesper Drone (U.S.)
- Hexagon (Sweden)
- Delair (France)
- AeroVironment Inc., (U.S.)
- Other Players
- June 2020: After Wing, a firm owned by Google parent Alphabet launched its new drone delivery service in Virginia, Kelly Passek became the first customer. She is a middle-school librarian who petitioned the company to deliver library books to help kids in reading and learning amidst the COVID-19 pandemic.
- September 2019: Rafael Advanced Defense Systems, a defense company based in Israel, successfully acquired Aeronautics Limited worth USD 240 million. This would help the latter to combine its expertise in intelligence, surveillance and reconnaissance with Rafael’s large network in the U.S. market.
Ottieni il tuo rapporto di ricerca sulla personalizzazione
Leggi gli ultimi blog di notizie-
Fortune Business Insights™ fornisce dati accurati e analisi aziendali innovative, aiutando le organizzazioni di tutte le dimensioni a prendere decisioni appropriate. Adattiamo nuove soluzioni per i nostri clienti, aiutandoli ad affrontare varie sfide distinte per le loro attività. Il nostro obiettivo è fornire loro una market intelligence olistica, fornendo una panoramica granulare del mercato in cui operano.
Fortune Business Insights Pvt. srl.
9° piano, Torre delle icone,
Baner – Mahalunge Road, Baner,
Pune-411045, Maharashtra, India.
USA: +1 424 253 0390
Regno Unito: +44 2071 939123
APAC: +91 744 740 1245
E-mail: [email protected]
Collegaci tramite i canali dei social media:
Linkedin Facebook Twitter Blog