The unmanned defense aerial vehicle global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Unmanned Defense Aerial Vehicle Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size —
The unmanned defense aerial vehicle market size has grown strongly in recent years. It will grow from $15.16 billion in 2023 to $16.52 billion in 2024 at a compound annual growth rate (CAGR) of 9.0%. The growth in the historic period can be attributed to military modernization, counterterrorism and asymmetric warfare, improved surveillance and reconnaissance, technological advancements.
The unmanned defense aerial vehicle market size is expected to see strong growth in the next few years. It will grow to $23.34 billion in 2028 at a compound annual growth rate (CAGR) of 9.0%. The growth in the forecast period can be attributed to growing adoption of armed uavs, counter-drone technologies, geopolitical tensions, urban warfare and asymmetric threats. Major trends in the forecast period include electromagnetic warfare (ew), hybrid-electric uavs, environmental adaptation, maritime and submarine operations.
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Scope Of Unmanned Defense Aerial Vehicle Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Unmanned Defense Aerial Vehicle Market Overview
Market Drivers –
Increasing spending on defense for unmanned technologies is predicted to contribute to the growth of the unmanned defense aerial vehicle market during the forecast period. According to, US defense procurement is expected to ramp up from $2.5 billion in 2020 to approximately $3.3 billion by the end of 2030. Thus, the increasing spending on R&D by the defense sector on unmanned technologies is anticipated to propel the revenues for the unmanned defense aerial vehicles market over the forthcoming years.
Market Trends —
One notable trend within the unmanned aerial vehicle (UAV) market is the growing preference for sustainable and eco-friendly products. The use of sustainable and eco-friendly UAVs can help reduce the environmental impact of military and defense operations. UAVs can reduce CO2 emissions and other air pollutants compared to traditional methods of delivery, such as motorcycles, cars, vans, lorries, and planes using fossil fuels. Regulations and policies governing the use of UAVs in military and defense applications are increasingly focused on environmental considerations. For example, the European Aviation Safety Agency (EASA) requires that drones be designed to minimize noise and emissions as far as possible and comply with environmental protection requirements. For instance, The Federal Aviation Administration (FAA), the largest transportation agency of the U.S. government and regulates all aspects of civil aviation in the country has forecasted that the commercial drone fleet (drones operated in connection with a business) will reach 828,000, and that the recreational fleet will number around 1.48 million by 2024.
The unmanned defense aerial vehicle market covered in this report is segmented –
1) By UAV Type: Multi Rotor, Single Rotor, Fixed Wing, Fixed Wing Hybrid VTOL
2) By Range: Visual Line of Sight (VLOS), Extended Visual Line of Sight (EVLOS), Beyond Line of Sight (BLOS)
3) By Technology: Remotely Operated, Semi-Autonomous, Fully-Autonomous
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Regional Insights —
Asia-Pacific was the largest region in unmanned defense aerial vehicle market in 2023. Western Europe is expected to be the fastest-growing region in the unmanned defense aerial vehicle market during the forecast period. The regions covered in the unmanned defense aerial vehicle market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Key Companies —
Major companies operating in the unmanned defense aerial vehicle market include The Boeing Company, BAE Systems plc, SZ DJI Technology Co. Ltd. (DJI), Elbit Systems Ltd., General Atomics Aeronautical Systems Inc., Israel Aerospace Industries Ltd. (IAI), Northrop Grumman Corporation, Textron Inc., AeroVironment Inc., Lockheed Martin Corporation, 3D Robotics Inc., Action Drone Inc., AguaDrone, Airbus SE, Autel Robotics USA LLC, CyPhy Works Inc., Delair, Dragonfly Innovations Inc., Hubsan, Insitu a Boeing Company, Kespry Inc., Parrot SA, Yuneec International Co. Ltd., PrecisionHawk Inc., Prox Dynamics AS (Prox Dynamics was acquired by FLIR Systems), Raptor Maps Inc., Raytheon Technologies Corporation, Science Applications International Corporation (SAIC), Shield AI Inc., Thales Group, Turkish Aerospace Industries Inc. (TAI), Vantage Robotics, Vayu Inc.
Table of Contents
1. Executive Summary
2. Unmanned Defense Aerial Vehicle Market Report Structure
3. Unmanned Defense Aerial Vehicle Market Trends And Strategies
4. Unmanned Defense Aerial Vehicle Market — Macro Economic Scenario
5. Unmanned Defense Aerial Vehicle Market Size And Growth
…..
27. Unmanned Defense Aerial Vehicle Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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