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Global Unmanned Aerial Vehicle (UAV) Market

Focus on Class, Components, Applications, and End User – Analysis and Forecast, 2020-2025

 
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The global unmanned aerial vehicle was estimated at $22.91 billion in 2019 and is projected to grow at a CAGR of 13.27% during the forecast period from 2020-2025.

Some of the challenges hindering the growth of the market include stringent regulatory environment in different regions, high accident rate of existing systems, vulnerability of UAVs to cyber attacks, and high initial investment and strong government support, among others.

The applications for which inspection and monitoring, remote sensing, product delivery, search and rescue, surveying and mapping, border management, photography and film production, and others.

End-user Industries that use the UAVs include commercial (logistics and transport, oil & gas, construction, healthcare, agriculture, retail & food, and energy & power), government and defense (military and homeland security), and consumer (prosumer and hobbyist).

The key market players in the global UAV market include Aerovironment Inc., Airbus S.A.S, Ehang, DJI, Lockheed Martin, Boeing, FLIR System, Northrop Grumman, BAE Systems, Thales Group, Israel Aerospace Industries Limited, General Atomics, General Dynamics, among others.

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