Global Unmanned Aerial Vehicle (UAV) Market By Range ( beyond light of sight (BLOS) ,visual line of sight (VLOS) and extended visual line of sight (EVLOS) ) ;By application( military, commercial, government & law enforcement, and consumer); By class(small UAVs, strategic & tactical UAVs, and special-purpose UAVs);and Region –Analysis of Market Size, Share & Trends for 2016 – 2019 and Forecasts to 2030

Product overview

Unmanned aerial vehicles also considered being drones that can be used without a human pilot onboard as aircraft systems. They are often used in manned aircraft risky missions. The autonomy of a ground operator or board computer is provided via remote control. They are an important component of modern warfare. Some equipment can carry missiles and reach the target with great precision. In monitoring and rescue operations, drones are also used. Smaller aircraft were used to gather information about the hostile locations before a mission. These devices are suitable for supplying food and water in areas affected by natural disasters, including floods and earthquakes.

Market Highlights

Fatpos Global anticipates the Unmanned Aerial Vehicle (UAV) market to surpass USD XX Billion by 2030, which is valued at XX billion in 2019 at a compound annual growth rate of XX%. One of the key factors in the growth of the UAV market is the rise in the global procurement of military UAVs by defense forces. Another factor contributing to the growth of the UAV market is the growing use of UAVs in diverse commercial applications such as tracking, surveying and mapping, precision farming, aerial television sensing, and product distribution.

Source: Fatpos Global

Recent Highlights in Global Unmanned Aerial Vehicle (UAV) market

• In 2018, the commercial drone services of Airbus in the Asia-Pacific area were launched by the European Multinational Aeronautical Corporation (Airbus).
• On 4 January 2020, Pakistan Navy received the unmanned aerial vehicles of ATR Aircraft-based Sea Patrol Aircraft (UAV) and LUNA NG.
• In 2020, the Turkish defense industry will supply the Turkish Armed Forces (TSK) with new Unmanned Aerial Vehicle
• On 30 December 2019, The first prototype of an authentic, medium-altitude, long-lasting (MALE) UAV was launched by PT Dirgantara Indonesia (PTDI) as a state-owned Indonesian aircraft industry.
• The Grucci and SKY MAGIC fireworks worked on 196 PyroDrones light shows to create visuals for the island of Marjan at night. The show included a wonderful sequence of light shows incorporating pyrotechnics and groundbreaking PyroDrone technology performance.

Global Unmanned Aerial Vehicle (UAV) Market: Segments

Global market has been segmented on the basis of Range, application, class. It has been further segmented on the basis of region into North America, Europe, Asia-Pacific, Mid East, and Africa.

By Range (in %), Global Unmanned Aerial Vehicle (UAV) Market, 2019

 In 2019, beyond the line of sight (BLOS) segment of the UAV market dominated the market and accounted for XX% of the global market.

Global Unmanned Aerial Vehicle (UAV) market is segmented by Range into beyond light of sight (BLOS), visual line of sight (VLOS) and extended visual line of sight (EVLOS)

This growth was anticipated due to the increase in the usage of commercial and consumer applications.

By application (in %), Global Unmanned Aerial Vehicle (UAV) Market, 2019

Source: Fatpos Global

The commercial segment of the UAV market is anticipated to grow at the highest CAGR from 2019 to 2030

Global Unmanned Aerial Vehicle (UAV) market is segmented by application into the military, commercial, government & law enforcement, and consumer.

The increased use of UAVs in various commercial applications, including product distribution, supervision, surveying, mapping, and remote sensing, may attribute to this growth.

By Class (in %), Global Unmanned Aerial Vehicle (UAV) Market, 2019

The small UAVs segment is expected to grow at the highest CAGR of XX% during 2019-2030

Global Unmanned Aerial Vehicle (UAV) market is segmented by class into small UAVs, strategic & tactical UAVs, and special-purpose UAVs

The advent of a rise in demand of the UAVs from defense services for surveillance. As these UAVs are used in precision agriculture, logistics & transportation, animal surveys, search and rescue services, firefighting, law enforcement, photography, and disaster management, the demand for small-scale commercial UAVs is also continuously rising.

Global Unmanned Aerial Vehicle (UAV) Market: Drivers and Restraints

Drivers

• Growing Military and commercial applications

The growing use of military and commercial applications of unmanned aerial vehicles is a significant factor in driving the world market’s demand. The growing acceptance and preference for modern warfare technologies without endangering human life in dangerous military operations is the reason for the rising demand for unmanned aerial vehicles.

• Preference in Law enforcement sector and rescue operations

The growing use of drones for border controls also drive the growth of the global Arial vehicle market. The growth of the drones market for aerial vehicles is also driven by rising preference in the law enforcement sector as a result of increasing terrorist attacks and regional unrest. The use of UAVs for search and rescue operations and the use of drones in the agriculture sector in the event of natural disasters are expected to drive world market growth.

Restraints

• Lack of traffic regulations

Government restrictions on the use of UAV and the lack of air traffic control legislation will impede growth in the global unmanned aerial vehicle market (UAV). The usage of aircraft is regulated for commercial purposes by the Federal Aviation Administration ( FAA). A license is required and flying regulations need to be followed for the correct functioning of air traffic, failure to which can lead to serious civil penalties.

Global Unmanned Aerial Vehicle (UAV) Market: Regions

North America is expected to hold XX% of Global market share.

The increasing usage of UAVs in countries like the United States and Canada for border and maritime surveillance activities is driving the growth of the UAV market in North America.

UAV-assisted surveillance systems were deployed in emerging economies, including China and South Korea. Because of the low concentration of application industries, South America and Africa are expected to see slow growth.

Asia Pacific: China, Japan, India, and Rest of Asia Pacific

Europe: Germany, the UK, France, and Rest of Europe

North America: The US, Mexico, and Canada

Latin America: Brazil and Rest of Latin America

Middle East & Africa: GCC Countries and Rest of Middle East & Africa

Source: Fatpos Global

Global Unmanned Aerial Vehicle (UAV) market is further segmented by region into:

• North America Market Size, Share, Trends, Opportunities, Y-o-Y

    Growth, CAGR – United States and Canada

• Latin America Market Size, Share, Trends, Opportunities, Y-o-Y

     Growth, CAGR – Mexico, Argentina, Brazil and Rest of Latin America

• Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth,

    CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium,

    Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia,

    Turkey and Rest of Europe

• APAC Market Size, Share, Trends, Opportunities, Y-o-Y Growth,

    CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New

    Zealand, Australia and Rest of APAC

• MENA Market Size, Share, Trends, Opportunities, Y-o-Y Growth,

    CAGR – North Africa, Israel, GCC, South Africa

Global Unmanned Aerial Vehicle (UAV) Market: Key Players

• Elbit Systems Ltd. (Israel)
  • Company Overview
  • Business Strategy
  • Key Product Offerings
  • Financial Performance
  • Key Performance Indicators
  • Risk Analysis
  • Recent Development
  • Regional Presence
  • SWOT Analysis
• General Atomics (U.S.)
• Lockheed Martin Corporation (U.S.)
• Parrot S.A.(France)
• PrecisionHawk Inc (U.S.)
• 3D Robotics (U.S.).
• Boeing (U.S.)
• Saab AB (Sweden)
• Ehang (china)
• Yuneec International (China).

Global Unmanned Aerial Vehicle (UAV) market report also contains analysis on:

• Global Unmanned Aerial Vehicle (UAV) Market Segments:
  • By Range into:
    • Beyond the light of sight (BLOS)
    • Visual line of sight (VLOS)
    • Extended visual line of sight (EVLOS)
  • By application into
    •  Military
    • Commercial
    • Government & law enforcement
    • Consumer.
    • Others
  • By class into:
    • Small UAVs
    • Strategic & tactical UAVs
    • Special-purpose UAVs
• Global Unmanned Aerial Vehicle (UAV) Market Dynamics
• Global Unmanned Aerial Vehicle (UAV) Market Size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies Involved in the Market
• Value Chain of the Market
• Market Drivers and Restraints

FAQs on Global Unmanned Aerial Vehicle (UAV) Market

• Which segment is anticipated to hold the largest market share?
• At what CAGR is the market anticipated to grow between 2020 and
• Who are the key players in Global Unmanned Aerial Vehicle (UAV) market?
• What could be the challenging factors for the growth of Global Unmanned Aerial Vehicle (UAV) market?
• What are the growth drivers for Global Unmanned Aerial Vehicle (UAV) market?