Global Unmanned Aerial Vehicle Professional Survey Report 2022, Forecast to 2027

The Unmanned Aerial Vehicle expects unexpected growth in coming years. According to the WK Research “Global Unmanned Aerial Vehicle Professional Survey Report 2022, Forecast to 2027”, Increased demand for unmanned aerial vehicles in military applications, rapid technological advancements in UAVs, increased demand for better surveillance solutions, and increasing commercial drone applications are some major factors expected to continue to drive market revenue growth. The compound annual growth rate (CAGR) for the 2022-2027 period is projected to be 14.17% base on WK Research regression analysis model.

Analysts’ Viewpoint:

“The use of UAVs has been prevalent among defense forces worldwide for a long time. However, in recent times, several investments have been made by public and private sector organizations to develop new and sophisticated UAVs according to their requirements. The potential of UAVs to be used in several prospective applications in the civil and commercial sectors has led to advancements in them. The civil & commercial application segment of the UAV market is projected to grow significantly in the next 5 years” said Lisa, Senior analyst, Electronics & Semiconductor Market Research Center in WK Research.

Market insight：

Market Drive

Rising Demand for UAVs in Numerous Military Applications to Drive Growth:

Strong demand for UAVs in numerous countries has been observed from the last few years due to the emergence of drone technology and the several capabilities associated with it. Numerous countries have registered the large purchase of UAV due to an increase in the incidence of enemy trespassing and border crossing. It is designed to perform activities that include intelligence, surveillance, and reconnaissance in various missions. The aerodynamic structures are designed for airstrikes at the predecided targeted areas. Around 50 countries have purchased and developed their version of military drones to prepare for warfare scenarios and counter-terrorism activities in the future. The U.S., Israel, China, and the U.K. are the major countries operating in the military drone market. However, the U.S. has major capabilities for producing armed drones and its various types as combat-ready weapons. These key factors are projected to fuel market growth in the coming years.

The emergence of Commercial Drones Applications to Propel Growth of Market:

Most industries have registered for drone use to gather large information to ought for the desired strategic decisions. It has become the fastest-growing market in the commercial sector along with its various applications such as construction, mining, oil & gas, and agriculture around the world. The construction industry is likely to provide a major opportunity for market expansion due to high commercial use for mapping, observation, surveying, and inspection studies.

Massive infrastructure development projects need real-time data to understand the ground reality and potential challenges in the future. The construction industry is experiencing the fastest adoption of drones of wide variety and sizes. It is helping numerous engineers and experts to make smarter business decisions owing to the exceptional data analyzing software by mapping millions of aerial images and information. The growing adoption in commercial and civil applications is projected to fuel market growth in the future period.

Market Challenge

Lack of Skilled Pilots and Stringent Regulations to Hamper Future Demand:

Commercial drones are used in various countries for surveying, mapping, and monitoring applications. The industry is facing major challenges for the market expansion in several countries due to stringent government regulations for using airspace to avoid any accidental damages and safety concerns. Moreover, the lack of air traffic management related to the commercial flights of UAVs and restrictions in urban areas is projected to hamper future growth during the forecast period. The other key concern faced in various countries includes the lack of skilled professional pilots to operate unmanned aerial vehicles with different payloads and sizes. Hence, the risk of collateral damages, safety issues, and security concerns with monetary loss can hamper demand in the future years.

Usage of Drones to Send Medical Supplies amidst COVID-19 will Affect Unmanned Aerial Vehicle Market Positively:

The impact of the COVID-19 pandemic on this market is expected to be moderate due to several lockdown situations in the major economies such as the U.S., Germany, U.K., France, Italy, and India. The commercial and military demand across the world has reduced drastically in the pandemic period. But the domestic companies are utilizing drones as an important tool in the handling of COVID-19 diseases spread. For example, China-based drone delivery operator Antwork Inc. aided by delivering medical supplies in the fastest possible way through drones and reduced the involvement of medical staff in the pandemic. The uses and applications have increased in several countries on monitoring by drones for public gathering to limit direct physical contact. Countries such as China, France, India, Russia, Spain, Belgium, and the Netherlands are utilizing drones for spraying disinfectants on large places such as public health care infrastructure, emergency hospitals, and government buildings.

Competition Landscape:

This WK Research market report is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading Unmanned Aerial Vehicle companies that include Nortthrop Grumman Corporation, Parrot, Israel Aerospace Industries Ltd., AeroVironment, Inc., general Atomics, EHang, Precision Hawk, DJI Technology Co.., Ltd., and Lockheed Martin Corporation, among others. Several major and leading players in the global unmanned aerial vehicle (UAV) market are offering specialized UAVs for government, defence, commercial, and civil sectors. The players in the global unmanned aerial vehicle (UAV) market are also focused on diversifying as well as strengthening their distribution networks in all regions of the world.

Segmentation of Unmanned Aerial Vehicle Market:

Based on product, the UAV market is segmented into small UAVs, tactical and strategic UAVs, and special service UAVs. Small UAVs segment is expected to lead in terms of revenue contribution to the global market during the forecast period because of its numerous military and civil uses across the world. Small UAVs are commonly used for security, monitoring, and surveillance. Increased demand for small military drones for intelligence, surveillance, and reconnaissance (ISR) applications is expected to boost growth of the segment. The widespread use of small unmanned aerial vehicles for commercial applications such as agriculture, mapping, surveying, and logistics is also expected to drive growth of the segment during the forecast period.

Based on technology, the unmanned aerial vehicle market is segmented into remotely piloted, optionally piloted, and fully autonomous. Fully autonomous segment is expected to register a significantly rapid revenue growth rate over the forecast period. It comprises a command delivery system and a flight planning system that determines the flight route and range before the operation. It is entirely controlled by the UAVs, with no input from the ground operator. These are high payload mission-based UAVs developed for specialized missions in various countries. The remotely piloted segment is expected to register a steady revenue growth rate over the forecast period since remote sensing technology is used in a wide range of drones, such as Beyond Visual Line of Sight (BVLS) types, which acquire information by remote sensing at lower altitudes. Remote sensing technology is also used in a variety of commercial applications such as agriculture, forest monitoring, and aerial mapping.

Based on wing type, the UAV market is segmented into fixed-wing and rotary wings. Fixed-wing segment is expected to register a considerably rapid revenue growth rate over the forecast period. These are far more efficient since they just need to expend energy to move ahead rather than to hold themselves up in the air. As a result, these can travel greater distances, survey considerably wider regions, and hover for extended periods watching the subject of interest. In addition to improved efficiency, gas engines may be used as their power source, and because of the higher energy density of fuel, many fixed-wing UAVs can fly aloft for 16 hours or more.

Based on end-use, unmanned aerial vehicle market is segmented into military and defense, government and law enforcement, commercial, and consumer. Military and defense segment is expected to lead in terms of revenue contribution to the global market during the forecast period. Growth of the segment is driven by an increase in demand for tactical and strategic Unmanned Aerial Vehicles (UAVs) for military use. The number of deaths on the battlefield can be significantly decreased by deploying surveillance and reconnaissance robots to gather information on the area layout and related hostile forces. UAVs are capable of surviving tough terrain, triangulating hostile positions, sensing poisonous atmospheres, and doing a variety of other duties that would be dangerous for human soldiers. The governments of several countries have boosted their purchases of special-purpose unmanned aerial vehicles such as the Medium Altitude Long Endurance (MALE) UAV and the High-Altitude Long Endurance (HALE) UAV for a variety of tasks. Commercial segment is expected to register a steady rate over the forecast period owing to the increasing use of UAVs for quick use in surveying, aerial mapping, agricultural monitoring, forest monitoring, and logistics. Major firms such as Uber for the development of Air Taxi and logistics behemoth DHL logistics for creating novel air transportation using UAVs are expected to boost growth of the commercial segment during the forecast period.

Unmanned Aerial Vehicle Market: Regional Analysis

In terms of geography, the global Unmanned Aerial Vehicle market has been segmented into: North America, Asia Pacific, Europe, South America, and the Middle East and Africa. North America held a larger market share in 2022. The dominance of this region is attributable to the increasing use of drones in infrastructure surveys, aerial mapping, forest monitoring, and other military applications. The U.S. is one of the prominent manufacturers of military UAVs by exporting to several countries around the globe. The strong presence of the key player in the U.S. such as General Atomics, Textron, and Boeing is supporting the positive business outlook.

Cagr: 14.17%

largest share area：North America

largest share country：the Unite States

Product Type(by Product)：Small UAVs, Tactical and Strategic UAVs, and Special Service UAVs

Product Type(by Technology)：Remotely Piloted, Optionally Piloted, and Fully Autonomous

Product Type(by Wing Type)：Fixed-Wing and Rotary Wings

Application：Military and Defense, Government and Law Enforcement, Commercial, and Consumer