The global unmanned aerial vehicle (UAV) market was valued at USD 18,857.5 million in 2018 and is expected to reach USD 36,661.4 million in 2026, growing at a CAGR of 8.59% during the forecast period.
Unmanned aerial vehicle (UAV) also known as an uncrewed aerial vehicle or drone. It is a type of unmanned vehicle, which are primarily a part of the unmanned aircraft system (UAS), which consists of UAV, ground-based controller, and communications system. It is primarily driven through autonomously by onboard computers or by remote control. It is widely adopted across military, commercial, recreational, agricultural, and scientific applications.
Increase adoption of UAV in-fight terrorism and an increase in demand from commercial applications such as transport and agricultural industries are the main growth factors for the market. Moreover, technological advancements across payload capability and increased deployment of UAVs to carry out aerial remote sensing are expected to create opportunities for the manufacturers in the global market over the forecast period. However, the lack of proper air traffic management and high cost associated with the manufacturing process are expected to hamper the growth of the global unmanned aerial vehicle (UAV) market over the forecast period.
Unmanned Aerial Vehicle (UAV) Market Segmentation |
|
| By Product | Small UAV |
| Medium UAV | |
| Large UAV | |
| By Wings | Fixed |
| Rotary | |
| By Application | Military |
| Civil & Commercial | |
| By Region | North America (US and Canada) |
| Europe (UK, Germany, France and Rest of Europe) | |
| Asia Pacific (China, Japan, India and Rest of Asia Pacific) | |
| Latin America (Brazil, Mexico and Rest of Latin America) | |
| Middle East & Africa (GCC and Rest of Middle East & Africa) | |
The large UAV segment expected to dominate the market throughout the forecast period
Based on product, the global unmanned aerial vehicle (UAV) market has been segmented into small UAV, medium UAV, and large UAV. The large UAV accounted for more than 40% of the share in terms of value in the global unmanned aerial vehicle (UAV) market in 2018.
While small UAV accounted highest CAGR of around 11% in the global unmanned aerial vehicle (UAV) market during the forecast period.
The fixed segment expected to dominate the market throughout the forecast period
Based on wings, the global unmanned aerial vehicle (UAV) market has been segmented into fixed and rotary. The fixed accounted for the major market share in terms of value in the global unmanned aerial vehicle (UAV) market in 2018. While rotary segment accounted highest CAGR in the global unmanned aerial vehicle (UAV) market during the forecast period.
Based on application, the military application segment is expected to dominate the market during the forecast period
Based on the application, the market has been segmented into military and civil & commercial. The military application segment accounts of the largest share in the global unmanned aerial vehicle (UAV) market by application. While civil & commercial are expected to hold the highest CAGR owing to increasing adoption of UAV across transportation and agriculture industries due to increased payload capability of the product.
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North America to dominate the unmanned aerial vehicle (UAV) market throughout the forecast period
North America accounted for nearly 50% share of the global unmanned aerial vehicle (UAV) market in 2018 and is expected to dominate the market throughout the forecast period followed by Europe and Asia-Pacific. The region is accounted for the highest demand and sales in terms of revenue owing to the highest spending budget for the military and defense sector in the world. Moreover, the incorporation of UAV across the municipal application is expected to further enhance the growth of the market.
Asia-Pacific is expected to hold the highest CAGR in the global market during the forecast period owing to increase investment from domestic governments to strengthen its defense powers.
Company Profiles and Competitive Intelligence:
The major players operating in the global unmanned aerial vehicle (UAV) market are General Atomics (US), Northrop Grumman (US), Textron (US), Boeing (US), DJI (China), 3D Robotics (US), Aeryon Labs (Canada), BAE Systems (UK), Elbit Systems (Israel), and Lockheed Martin Corporation (US) among others.
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TABLE OF CONTENT
Chapter 1 Executive Summary
1.1. Market Summary
1.1.1. Global Unmanned Aerial Vehicle (UAV) Market, 2016-2026, (Units) (USD Million)
1.2. Market Snapshot: Global Unmanned Aerial Vehicle (UAV) Market
1.3. Market Dynamics
1.4. Global Unmanned Aerial Vehicle (UAV) Market, by Segment, 2018
1.4.1. Global Unmanned Aerial Vehicle (UAV) Market, by Size, 2018, (Units) (USD Million)
1.4.2. Global Unmanned Aerial Vehicle (UAV) Market, by Wings, 2018, (Units) (USD Million)
1.4.3. Global Unmanned Aerial Vehicle (UAV) Market, by Application, 2018, (Units) (USD Million)
1.4.4. Global Unmanned Aerial Vehicle (UAV) Market, by Region, 2018 (Units) (USD Million)
1.5. Premium Insights
1.5.1. Unmanned Aerial Vehicle (UAV) Market In Developed Vs. Developing Economies, 2018 vs 2026
1.5.2. Global Unmanned Aerial Vehicle (UAV) Market: Regional Life Cycle Analysis
Chapter 2 Market Dynamics
2.1. Market Overview
2.2. Market Drivers
2.2.1. Increase adoption of UAV in flight terrorism
2.2.2. Increasing in demand from commercial applications
2.3. Market Restraints
2.3.1. Lack of proper air traffic management
2.3.2. High cost associated with the manufacturing process
2.4. Market Opportunities
2.4.1. Technological advancements
2.4.2. Increased deployment of UAVs to carry out aerial remote sensing
2.5. Industry Value Chain Analysis
2.6. Pricing Analysis
2.7. Porter’s Five Forces Analysis
Chapter 3 Global Unmanned Aerial Vehicle (UAV) Market, by Size
3.1. Market Overview, by Size
3.1.1. Global Unmanned Aerial Vehicle (UAV) Market, by Size, 2016-2026 (Units) (USD Million)
3.1.2. Incremental Opportunity, by Size, 2018
3.2. Small UAV
3.2.1. Global Unmanned Aerial Vehicle (UAV) Market, by Small UAV, 2016-2026, (Units) (USD Million)
3.3. Medium UAV
3.3.1. Global Unmanned Aerial Vehicle (UAV) Market, by Medium UAV, 2016-2026, (Units) (USD Million)
3.4. Large UAV
3.4.1. Global Unmanned Aerial Vehicle (UAV) Market, by Large UAV, 2016-2026, (Units) (USD Million)
Chapter 4 Global Unmanned Aerial Vehicle (UAV) Market, by Wings
4.1. Market Overview, by Size
4.1.1. Global Unmanned Aerial Vehicle (UAV) Market, by Size, 2016-2026 (Units) (USD Million)
4.1.2. Incremental Opportunity, by Size, 2018
4.2. Fixed
4.2.1. Global Unmanned Aerial Vehicle (UAV) Market, by Fixed, 2016-2026, (Units) (USD Million)
4.3. Rotary
4.3.1. Global Unmanned Aerial Vehicle (UAV) Market, by Rotary, 2016-2026, (Units) (USD Million)
Chapter 5 Global Unmanned Aerial Vehicle (UAV) Market, by Application
5.1. Market Overview, by Application
5.1.1. Global Unmanned Aerial Vehicle (UAV) Market, by Application, 2016-2026 (Units) (USD Million)
5.1.2. Incremental Opportunity, by Application, 2018
5.2. Military
5.2.1. Global Unmanned Aerial Vehicle (UAV) Market, by Military, 2016-2026, (Units) (USD Million)
5.3. Civil and Commercial
5.3.1. Global Unmanned Aerial Vehicle (UAV) Market, by Civil and Commercial, 2016-2026, (Units) (USD Million)
Chapter 6 Global Unmanned Aerial Vehicle (UAV) Market, by Region
6.1. Market Overview, by Region
6.1.1. Global Unmanned Aerial Vehicle (UAV) Market, by Region, 2016-2026, (Units) (USD Million)
6.2. Attractive Investment Opportunity, by Region, 2018
6.3. North America Unmanned Aerial Vehicle (UAV) Market
6.3.1. North America Unmanned Aerial Vehicle (UAV) Market, by Size, 2016-2026 (Units) (USD Million)
6.3.2. North America Unmanned Aerial Vehicle (UAV) Market, by Wings, 2016-2026 (Units) (USD Million)
6.3.3. North America Unmanned Aerial Vehicle (UAV) Market, by Application, 2016-2026 (Units) (USD Million)
6.3.4. United States Unmanned Aerial Vehicle (UAV) Market, 2016-2026 (Units) (USD Million)
6.3.5. Canada Unmanned Aerial Vehicle (UAV) Market, 2016-2026 (Units) (USD Million)
6.4. Europe Unmanned Aerial Vehicle (UAV) Market
6.4.1. Europe Unmanned Aerial Vehicle (UAV) Market, by Size, 2016-2026 (Units) (USD Million)
6.4.2. Europe Unmanned Aerial Vehicle (UAV) Market, by Wings, 2016-2026 (Units) (USD Million)
6.4.3. Europe Unmanned Aerial Vehicle (UAV) Market, by Application, 2016-2026 (Units) (USD Million)
6.4.4. United Kingdom Unmanned Aerial Vehicle (UAV) Market, 2016-2026 (Units) (USD Million)
6.4.5. Germany Unmanned Aerial Vehicle (UAV) Market, 2016-2026 (Units) (USD Million)
6.4.6. France Unmanned Aerial Vehicle (UAV) Market, 2016-2026 (Units) (USD Million)
6.4.7. Rest of Europe Unmanned Aerial Vehicle (UAV) Market, 2016-2026 (Units) (USD Million)
6.5. Asia Pacific Unmanned Aerial Vehicle (UAV) Market
6.5.1. Asia Pacific Unmanned Aerial Vehicle (UAV) Market, by Size, 2016-2026 (Units) (USD Million)
6.5.2. Asia Pacific Unmanned Aerial Vehicle (UAV) Market, by Wings, 2016-2026 (Units) (USD Million)
6.5.3. Asia Pacific Unmanned Aerial Vehicle (UAV) Market, by Application, 2016-2026 (Units) (USD Million)
6.5.4. China Unmanned Aerial Vehicle (UAV) Market, 2016-2026 (Units) (USD Million)
6.5.5. Japan Unmanned Aerial Vehicle (UAV) Market, 2016-2026 (Units) (USD Million)
6.5.6. India Unmanned Aerial Vehicle (UAV) Market, 2016-2026 (Units) (USD Million)
6.5.7. Rest of Asia Pacific Unmanned Aerial Vehicle (UAV) Market, 2016-2026 (Units) (USD Million)
6.6. Latin America Unmanned Aerial Vehicle (UAV) Market
6.6.1. Latin America Unmanned Aerial Vehicle (UAV) Market, by Size, 2016-2026 (Units) (USD Million)
6.6.2. Latin America Unmanned Aerial Vehicle (UAV) Market, by Wings, 2016-2026 (Units) (USD Million)
6.6.3. Latin America Unmanned Aerial Vehicle (UAV) Market, by Application, 2016-2026 (Units) (USD Million)
6.6.4. Brazil Unmanned Aerial Vehicle (UAV) Market, 2016-2026 (Units) (USD Million)
6.6.5. Mexico Unmanned Aerial Vehicle (UAV) Market, 2016-2026 (Units) (USD Million)
6.6.6. Rest of Latin America Unmanned Aerial Vehicle (UAV) Market, 2016-2026 (Units) (USD Million)
6.7. Middle East & Africa Unmanned Aerial Vehicle (UAV) Market
6.7.1. Middle East & Africa Unmanned Aerial Vehicle (UAV) Market, by Size, 2016-2026 (Units) (USD Million)
6.7.2. Middle East & Africa Unmanned Aerial Vehicle (UAV) Market, by Wings, 2016-2026 (Units) (USD Million)
6.7.3. Middle East & Africa Unmanned Aerial Vehicle (UAV) Market, by Application, 2016-2026 (Units) (USD Million)
6.7.4. GCC Unmanned Aerial Vehicle (UAV) Market, 2016-2026 (Units) (USD Million)
6.7.5. Rest of Middle East & Africa Unmanned Aerial Vehicle (UAV) Market, 2016-2026 (Units) (USD Million)
Chapter 7 Competitive Intelligence
7.1. Top 5 Players Comparison
7.2. Market Positioning of Key Players, 2018
7.3. Market Players Mapping
7.3.1. By Size
7.3.2. By Wings
7.3.3. By Application
7.3.4. By Region
7.4. Strategies Adopted by Key Market Players
7.5. Recent Developments in the Market
7.5.1. Mergers & Acquisitions, Partnership, New Product Developments
Chapter 8 Company Profiles
8.1. General Atomics
8.1.1. General Atomics Overview
8.1.2. General Atomics Products Portfolio
8.1.3. General Atomics Financial Overview
8.1.4. General Atomics News/Recent Developments
8.2. Northrop Grumman
8.2.1. Northrop Grumman Overview
8.2.2. Northrop Grumman Products Portfolio
8.2.3. Northrop Grumman Financial Overview
8.2.4. Northrop Grumman News/Recent Developments
8.3. Textron
8.3.1. Textron Overview
8.3.2. Textron Products Portfolio
8.3.3. Textron Financial Overview
8.3.4. Textron News/Recent Developments
8.4. Boeing
8.4.1. Boeing Overview
8.4.2. Boeing Products Portfolio
8.4.3. Boeing Financial Overview
8.4.4. Boeing News/Recent Developments
8.5. DJI
8.5.1. DJI Overview
8.5.2. DJI Products Portfolio
8.5.3. DJI Financial Overview
8.5.4. DJI News/Recent Developments
8.6. 3D Robotics
8.6.1. 3D Robotics Overview
8.6.2. 3D Robotics Products Portfolio
8.6.3. 3D Robotics Financial Overview
8.6.4. 3D Robotics News/Recent Developments
8.7. BAE Systems
8.7.1. BAE Systems Overview
8.7.2. BAE Systems Products Portfolio
8.7.3. BAE Systems Financial Overview
8.7.4. BAE Systems News/Recent Developments
8.8. Elbit Systems
8.8.1. Elbit Systems Overview
8.8.2. Elbit Systems Products Portfolio
8.8.3. Elbit Systems Financial Overview
8.8.4. Elbit Systems News/Recent Developments
8.9. Lockheed Martin Corporation
8.9.1. Lockheed Martin Corporation Overview
8.9.2. Lockheed Martin Corporation Products Portfolio
8.9.3. Lockheed Martin Corporation Financial Overview
8.9.4. Lockheed Martin Corporation News/Recent Developments
8.10. Aeryon Labs
8.10.1. Aeryon Labs Overview
8.10.2. Aeryon Labs Products Portfolio
8.10.3. Aeryon Labs Financial Overview
8.10.4. Aeryon Labs News/Recent Developments
Chapter 9 Preface
9.1. Data Triangulation
9.2. Research Methodology
9.2.1. Phase I – Secondary Research
9.2.2. Phase II – Primary Research
9.2.3. Phase III – Expert Panel Review
9.2.4. Approach Adopted
9.2.4.1. Top-Down Approach
9.2.4.2. Bottom-Up Approach
9.2.5. Supply- Demand side
9.2.6. Breakup of the Primary Profiles
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