Unmanned Aerial Vehicle (UAV) Market Revenue, Growth Factors, Trends, Key Companies, Forecast To 2030

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Market Size – USD 23.60 Billion in 2021, Market Growth – at a CAGR of 14.6%, Market Trends – Economic potential of the drone will drive the UAV Market

The unmanned aerial vehicle market size reached USD 23.60 Billion in 2021 and is expected to register a revenue CAGR of 14.6 % during the forecast period, according to the latest analysis by Emergen Research. Increasing commercial drones application is one of the key factors for driving the market revenue growth. Several industries have authorized the usage of drones to acquire significant amount of data to make the necessary business choices. It has become a rapidly increasing commercial market, with several uses such as construction, mining, oil gas, and agriculture across the world. The construction sector is projected to provide a significant opportunity for market growth owing to the substantial commercial usage of mapping, observation, surveying, and inspection studies. Significant infrastructure construction projects require factual data to comprehend the ground reality and potential issues in the future. The construction industry is witnessing rapid adoption of drones of all forms and sizes. It is assisting various engineers and specialists in making wiser business decisions by mapping millions of Landsat images and information. The increasing implementation in commercial civil applications is expected to drive the market growth during the forecast period.

This section of the report performs a thorough investigation into the intensely competitive landscape of the global Unmanned Aerial Vehicle (UAV) market, highlighting the leading manufacturers, strategic initiatives adopted by them, the existing growth prospects, market positions, and market shares held by each participant.  The report further emphasizes the developmental strategies undertaken by these companies, including product innovation, new product launches, and technological upgradation. Moreover, the report studies the notable business events observed in this industry, such as mergers acquisitions, joint ventures, partnerships, corporate deals, and brand promotions.

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 Key companies profiled in the report include:

Northrop Grumman Corporation, SZ DJI Technology Co. Ltd, AeroVironment, Inc., Elbit Systems Ltd., Lockheed Martin Corporation., BAE Systems PLC., Airbus SE, Textron Inc., Teledyne FLIR LLC, and SaaB AB

Key Questions Answered by the Report:

What are the key product types and applications of the Unmanned Aerial Vehicle (UAV) industry?

What is the outcome of SWOT analysis and Porter’s Five Forces analysis?

Which region is expected to dominate the market in the coming years?

What are the recent technological and product advancements occurring in the market?

What are the key strategies adopted by the prominent players in the Unmanned Aerial Vehicle (UAV) market?

How is the competitive landscape of the Unmanned Aerial Vehicle (UAV) market?

Who are the key players in the industry?

What is the growth rate of the industry over the coming years?

What will be the valuation of the Unmanned Aerial Vehicle (UAV) Market by 2027?

Click to access the Report Study, read key highlights of the Report and Look at Projected Trends:https://www.emergenresearch.com/industry-report/unmanned-aerial-vehicle-market

 Market Segmentation

  • Product Outlook (Revenue, USD Billion; 2019–2030)

    • Small UAV
    • Tactical and Strategic UAV
    • Special Purpose UAV
  • Point of Sale Outlook (Revenue, USD Billion; 2019–2030)

    • Aftermarket
    • OEM
  • Technology Outlook (Revenue, USD Billion; 2019–2030)

    • Remotely Piloted
    • Optionally Piloted
    • Fully Autonomous

Regional Analysis:

Regional analysis includes an in-depth study of the key geographical regions to gain a better understanding of the market and provide an accurate analysis. The regional analysis covers North America, Latin America, Europe, Asia Pacific, and Middle East Africa. The regional analysis covers the analysis of key market segments, including revenue, CAGR, import/export, supply and demand ratio, production and consumption ratio, industrial chain analysis, and market dynamics in each region of the geographies.

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ToC of the report:

Chapter 1: Market overview and scope

Chapter 2: Market outlook

Chapter 3: Impact analysis of COVID-19 pandemic

Chapter 4: Competitive Landscape

Chapter 5: Drivers, Constraints, Opportunities, Limitations

Chapter 6: Key manufacturers of the industry

Chapter 7: Regional analysis

Chapter 8: Market segmentation based on type applications

Chapter 9: Current and Future Trends

Thank you for reading the report. The report can be customized as per the requirements of the clients. For further information or query about customization, please reach out to us, and we will offer you the report best suited for your needs.

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