Unmanned Aerial Vehicle (UAV) Market (By Class: Tactical UAVs, Small UAVs, and Strategic UAVs; By Technology: Fully-autonomous, Semi-autonomous, and Remotely Operated; By System: UAV Payloads, UAV Airframe, UAV Avionics, UAV Software, and UAV Propulsion; By Application: Commercial, Military, and Recreational) - Global Industry Analysis, Size, Share, Growth, Trends Analysis, Regional Outlook and Forecasts, 2021 - 2030


The global unmanned aerial vehicle (UAV) market was valued at US$ 14.3 billion in 2020 and is expected to hit around US$ 36 billion by 2030, growing at a CAGR of 14% over the forecast period 2021 to 2030.

Unmanned Aerial Vehicle (UAV) Market Size 2020 to 2030

Unmanned Aerial Vehicles (UAVs) commonly recognized as drone are equipped with internal computers that can be controlled from ground. Their advanced aerodynamic structures are designed with a vision to perform multiple functions using the desired navigation system. Initially, the technology was designed for dangerous military mission to save human life from risk. UAVs specifically designed for the military applications are well equipped with missiles in order to hit the specific targets when operated from high altitude.

Prominent growth of construction industry across the globe is one of the key factors likely to propel the market growth for Unmanned Aerial Vehicle (UAV) during the upcoming years. As per the report published by PwC in the year 2018, the global construction sector predicted to grow by 85% in terms of volume and estimated to reach US$ 15.5 trillion by the year 2030. In addition, 57% of the volume share analyzed to be contributed by key countries that include China, U.S., and India across the overall industry growth.

Moreover, the construction industry has greater significance in planning and design before heading towards the major construction and infrastructure projects. Hence, there is strong requirement for map designing and surveying for collection data of complex surface area. This requires prominent amount of time and money as well as man power to accomplish the mapping and surveying of such larger construction areas, whereas commercial UAVs can do this in seconds and also saves millions of dollars.

The global pandemic because of COVID-19 has greatly affected the construction as well as various other industries and disrupted their supply chain model. Because of ineffective supply of raw materials and other products the market faces various challenges to continue with the same rate and witnessed a steep decline in their sales and operations. However, as per the post-COVID analysis the markets across the globe expected to flourish steadily.

Report Highlights Details
Market Size USD 36 Billion by 2030
Growth Rate CAGR of 14% From 2021 to 2030
Base Year 2020
Historic Data 2017 to 2020
Forecast Period 2021 to 2030
Segments Covered Class, Technology, System, Application
Regional Scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA)
Companies Mentioned General Atomics Aeronautical Systems Inc., Northrop Grumman Corporation, Israel Aerospace Industries Ltd., Elbit Systems Ltd., Parrot, SZ DJI Technology Co. Ltd., Others

Technology Analysis

Based on technology, the fully-autonomous technology segment expected to grow at the fastest rate over the forthcoming period because it offers fully controlled operation without any control from ground. The flight planning system and command delivery system helps to decide the flight range and route earlier from its operation. These are mission critical UAVs and seeks prominent demand from military sector.

The remotely operated UAVs capture the majority of the global UAV market revenue share in the year 2020 and likely to pertain its hold during the analysis time frame. This is majorly attributed to wide range of UAV products operated by remote sensing technology. The remote sensing technology has larger applications across various commercial sectors to gather crucial set of information such as forest monitoring, agriculture, and aerial mapping.

Application Insights

In terms of application, the unmanned aerial vehicle (UAV) market is classified into commercial, military and recreational.

Unmanned Aerial Vehicle (UAV) Market Share, By Application, 2020 (%)

In 2020, the military segment anticipated to hold the major revenue share during the upcoming years owing to significant rise in the demand for strategic and tactical UAVs in military sector. Several countries have also increased their purchase for particular UAVs for special missions such as High Altitude Long Endurance (HALE) UAV and Medium Altitude Long Endurance (MALE) UAV. Hence, the rising demand for special purpose UAVs for military operation are likely to boost the segment growth over the forthcoming years.

Regional Insights

Regionally the UAV market is classified into North America, Europe, Asia-pacific, Latin America, Middle East and Africa. The Asia pacific region is expected to account highest growth rate in the forecast period of 2021 to 2030. In china military UVA market hit largest revenue share.

Unmanned Aerial Vehicle (UAV) Market Share, By Region, 2020 (%)

North America market for UAVs captured the majority of revenue share across the globe and anticipated to maintain the same trend over the forecast time frame owing to significant application of UAVs in aerial mapping, surveying, military operations, and forest monitoring. The U.S. is the front-runner across the North America region and is one of the prominent manufacturers of military UAVs that also exports its UAVs to several other countries. This is mainly because the country spends significantly on the defense sector and armaments. For instance, military spending or defense budget in the U.S. recorded to be US$ 731.75 billion in the year 2019 witnessing a rise of 7.22% from the past year. Further, the strong presence of key market players in the regions also supports the positive outlook for the market growth.

Key Companies

Industry giants such as Boeing, Airbus, Amazon, DHL, Uber, and Google have invested significantly in the research & development sector over the past few years owing to lucrative opportunities offered by the market. This is also attributed to the expanding application of UAVs in all sectors such as photography, residential, spy & detective, scientific, government, and various other commercial activities.  Further, the application of UAVs has also expanded to natural disaster relief activities for supplying necessary life saving product to the relief camp. Moreover, their application has also penetrated in forest monitoring, surveying, cinematography, aerial monitoring, and vegetation monitoring applications. Hence, the rising penetration of UAVs across various application has opened up alluring opportunities for the market players to excel their growth.

Some of the prominent players covered under the global Unmanned Aerial Vehicle (UAV) market report include General Atomics Aeronautical Systems Inc., Northrop Grumman Corporation, Israel Aerospace Industries Ltd., Elbit Systems Ltd., Parrot, SZ DJI Technology Co. Ltd., Lockheed Martin Corporation, Yuneec Thales Group, Go Pro, 3D Robotics, Holy Stone Autel Robotics, Kesper Drone, Sense Fly, Delair, Hexagon, and AeroVironment Inc. among others.

Unmanned Aerial Vehicle (UAV) Market Segmentation

The global Unmanned Aerial Vehicle (UAV) market research report classifies the market as follows:

By Class

  • Tactical UAVs
  • Small UAVs
  • Strategic UAVs

By Technology

  • Fully-autonomous
  • Semi-autonomous
  • Remotely Operated

By System

  • UAV Payloads
  • UAV Airframe
  • UAV Avionics
  • UAV Software
  • UAV Propulsion

By Application

  • Commercial
  • Military
  • Recreational

By Regional Outlook

  • North America
    • US
    • Rest of North America
  • Europe
    • UK
    • Germany
    • France
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Rest of Latin America
  • Middle East & Africa (MEA)
    • GCC
    • North Africa
    • South Africa
    • Rest of the Middle East & Africa
Request for Customize Report
Precedence offers custom market research services that help clients to get information on their business scenario required.

Frequently Asked Questions

What is the projected market size of unmanned aerial vehicle?
According to Precedence Research, the unmanned aerial vehicle (UAV) market size was valued at US$ 14.3 billion in 2020 and is projected to reach around US$ 36 billion by 2030.
The unmanned aerial vehicle (UAV) market is growing at a CAGR of 14% during the forecast period 2021 to 2030.
Prominent growth of construction industry across the globe is one of the key factors likely to propel the market growth for Unmanned Aerial Vehicle (UAV) during the upcoming years. As per the report published by PwC in the year 2018, the global construction sector predicted to grow by 85% in terms of volume and estimated to reach US$ 15.5 trillion by the year 2030. In addition, 57% of the volume share analyzed to be contributed by key countries that include China, U.S., and India across the overall industry growth. Moreover, the construction industry has greater significance in planning and design before heading towards the major construction and infrastructure projects. Hence, there is strong requirement for map designing and surveying for collection data of complex surface area. This re
In terms of application, the military segment anticipated to hold the major revenue share during the upcoming years owing to significant rise in the demand for strategic and tactical UAVs in military sector.
The Asia pacific region is expected to account highest growth rate in the forecast period of 2021 to 2030. In china military UVA market hit largest revenue share.
Some of the prominent players covered under the global unmanned aerial vehicle (UAV) market report include General Atomics Aeronautical Systems Inc., Northrop Grumman Corporation, Israel Aerospace Industries Ltd., Elbit Systems Ltd., Parrot, SZ DJI Technology Co. Ltd., Lockheed Martin Corporation, Yuneec Thales Group, Go Pro, 3D Robotics, Holy Stone Autel Robotics, Kesper Drone, Sense Fly, Delair, Hexagon, and AeroVironment Inc. among others.
Based on technology, in 2020, the fully-autonomous technology segment expected to grow at the fastest rate over the forthcoming period because it offers fully controlled operation without any control from ground.

PROCEED TO BUY

   USD 4999
   USD 7999
   USD 9999

ASK FOR SAMPLE

No cookie-cutter, only authentic analysis – take the 1st step to become an Precedence client

Get a Sample
Address: Apt 1408 1785 Riverside Drive Ottawa, ON, K1G 3T7, Canada
Call: +1 9197 992 333
Email: sales@precedenceresearch.com