The uav drones market size is expected to see rapid growth in the next few years. It will grow to $61.08 billion in 2028 at a compound annual growth rate (CAGR) of 15.1%. The growth in the forecast period can be attributed to energy sector integration, consumer market growth, healthcare and emergency response, miniaturization and portability, autonomous features development. Major trends in the forecast period include education and training, security and surveillance needs, energy sector integration, infrastructure development, drone delivery services.
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Segmentation & Regional Insights
The uav drones market covered in this report is segmented –
1) By Product: Fixed-Wing, Rotary Blade, Hybrid
2) By Component: Camera, Battery, Propulsion System, Controller, Sensor, Other Components
3) By End-Use: Military And Defense, Retail, Construction, Agriculture, Entertainment, Law Enforcement, Other End Uses
North America was the largest region in the UAV drones market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the uav drones market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
Increasing defense spending is expected to propel the growth of the UAV drone market going forward. Defense spending refers to the amount of the federal budget earmarked for defense, including funding for military operations, pay, training, and health care, in addition to maintaining and buying weapons, buildings, and equipment. Defense spending is used for procurement and the purchase of UAV drones which has been a force multiplier for combat around the world. For instance, in April 2023, according to SIPRI (Stockholm International Peace Research Institute), a Sweden-based international organization,in 2022, the total amount spent on military spending worldwide climbed by 3.7% in real terms, hitting a record $2240 billion. China’s military budget also increased for the 26th year in a row. Therefore, increasing defense spending is driving the growth of the UAV drone market.
Key Industry Players
Major companies operating in the uav drones market report are General Atomics Aeronautical Systems Inc., Northrop Grumman Corporation, SZ DJI Technology Co. Ltd., AeroVironment Inc., Airbus S.A.S., BAE Systems PLC, AiDrones GmbH, Tonner Drones, Elbit Systems Ltd., General Atomics Aeronautical Systems Inc., Lockheed Martin Corporation, Yuneec International Co. Ltd., Thales Group, Kasper UAV, senseFly SA, Delair, Hexagon AB, Aeronautics Ltd., Anduril Industries Inc., Animal Dynamics Ltd., Asteria Aerospace Ltd., SAAB AB, Teal Drones Inc., Teledyne FLIR LLC, SZ DJI Technology Co. Ltd., Parrot SA, Kitty Hawk Corporation, GoPro Inc., Holy Stone, Autel Robotics
The uav drones market report table of contents includes:
1. Executive Summary
2. UAV Drones Market Characteristics
3. UAV Drones Market Trends And Strategies
4. UAV Drones Market – Macro Economic Scenario
5. Global UAV Drones Market Size and Growth
………………
31. Global UAV Drones Market Competitive Benchmarking
32. Global UAV Drones Market Competitive Dashboard
33. Key Mergers And Acquisitions In The UAV Drones Market
34. UAV Drones Market Future Outlook and Potential Analysis
35. Appendix
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