Global Unmanned Aerial Vehicles Market Value to Reach $48.75 bn by 2025

"The global unmanned aerial vehicle (UAV) market value is projected to reach $48.75 billion by 2025, reveals the premium market intelligence study. The study also highlights that the market value is set to witness a CAGR of 13.27% between 2020 and 2025.

The comprehensive study of the global UAV market extensively covers the following:

  • Detailed section focusing on regulatory environment by country level
  • Detailed sections focused on different types of application, end-user, class, and components (hardware and software)
  • Company profiling for more than 15 companies
  • Detailed global and regional market share analysis including the scrutiny of more than 12 countries

Besides these parameters, the study also encompasses market growth drivers, opportunities, market restraining factors, competition mapping and segmental analysis. The market is further segmented by end-user and type across all the region.

This study indicates that the global UAV market is expected to witness a high growth rate during the forecast period 2020-2025. The growth is attributed to the growing usage of drones for inspection, surveying, transport and logistics, and agricultural spraying, among others. Some of the drones provide surveillance and monitoring services to military, homeland security, and law enforcement applications, which are fueling the growth of the market.

To gain a holistic view of the market, data from different segments of the market has been analyzed minutely. These segments include application, class, end-user, component, and region. Each of these segments is further categorized into sub-segments and micro-segments to compile an in-depth study.

Nilopal Ojha, Lead Analyst states, "" There are numerous opportunities for the growth of the UAV market for several application areas such as drone delivery, mapping, surveillance, product delivery, natural disaster management, firefighting, and others. Various leading manufacturers such as DJI and Parrot are investing extensive amounts in R&D of UAVs to develop new applications for UAVs. The key emerging applications in the UAV market are hobbyist applications such as photography, film shooting, and event shooting. Such applications are providing opportunity to several stakeholders from consumer and commercial end users of the market.”

Key insights are drawn from in-depth interviews with the key opinion leaders of more than 20 leading companies, market participants, and vendors. The key players profiled in the report include Aerovironment Inc., Airbus S.A.S, BAE Systems, Boeing, ECA Group, Ehang, Elbit Systems Ltd, DJI, Lockheed Martin, Northrop Grumman, Thales Group, Israel Aerospace Industries Limited, General Atomics, FLIR System and General Dynamics Corporation among others.

The study also offers strategic recommendations that can help organizations in tracking various products, trends, and technologies that are changing the dynamics of the market. The recommendations also offer bespoke research services to help organizations meet their objectives.

Who should buy this report?

  • Manufacturers and suppliers of UAV and UAV component providers
  • Emerging startups that are exploring lucrative opportunities for entering the market  
  • Private investors that are interested in understanding the business of companies entering the UAV market

How can market intelligence on UAVs add value to an organization’s decision-making process?

  • Aids in product development
  • Helps in targeting a segment for launching a new product
  • Offers go-to-market strategies for the different source type
  • Supports in diversifying the product portfolio on the basis of risk and progression of technology
  • Helps in analyzing technological substitutes and comparing specification
  • Aids in understanding the industry requirement
  • Assists in exploring the newer application
  • Supports in analyzing competitors’ geographical scenario

Insightful Questions Covered to Enable Companies take Strategic Decisions

  • What are the trends in the global unmanned aerial vehicle (UAV) market across different regions?
  • What are the major driving forces for increasing the global UAV market demand during the forecast period 2020-2025?
  • What major opportunities do UAV companies foresee in the next five years?
  • Which application (inspection and monitoring, surveying and mapping, search and rescue, remote sensing, product delivery, border management, photography and film production and others) dominated the global UAV market in 2019, and what is the expected scenario by 2025?
  • What were the key end-user that dominated the market in 2019, and what is the estimated revenue during the period 2020-2025?
  • What was the revenue generated through different components in 2019, and what are the estimates for 2020-2025?
  • What was the aggregate revenue generated by the global UAV market segmented by region (North America, Europe, Asia-Pacific, and Rest-of-the-World) in 2019, and what are the estimates for 2020-2025?  
  • Which are the key players in the global UAV market, and what are the new strategies being adopted to make a mark in the industry?
  • What is the competitive strength of the leading players in the global UAV market?"

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Source: ASDReports - Market Research
Date: Jan 11, 2021