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Unmanned Aerial Vehicles Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)


Product Code : MDAD00121019
Survey : Mordor Intelligence
Publish On : 12, August, 2022
Category : Aerospace and Defence
Study Area : North America (U.S. and Others), Europe (Germany, France, U.K. and Others), Asia-Pacific (Japan, China, India and Others), Rest of World (Brazil, Rest of Latin America, Middle East & Others)
Report format : PDF
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 - IBM Corporation
- Oracle Corporation
- Internap Corporation
- Packet Inc. (An Equinix Inc. Company)
- Scaleway Inc.
- Amazon Web Services Inc
- Rackspace Inc.
- CenturyLink, Inc.
- LightEdge Solutions, Inc

[Report Description]

The unmanned aerial vehicles market is expected to register a CAGR of over 7% during the forecast period, (2022 - 2027).



The UAV market has experienced a moderate impact due to the COVID-19 outbreak. The relocation in the budget of countries towards developing medical infrastructure has limited defense budget expenditure towards research, development, and acquisition of deep tech products. However, the segments within the civil and commercial division will experience a stable growth rate. Countries across the globe are exploring ways to use unmanned aerial vehicles (UAV) to deliver vaccines, supporting business demand. In August 2021, the U.S. launched the COVID-19 vaccine drone delivery program. The program is managed by UPS and operated by North Carolina-based health systems. On similar lines, the union minister of India announced their intentions to integrate a drone delivery system to deliver COVID-19 vaccines, deliver medicines, and collect blood samples. Such initiatives will ramp up the requirement of unmanned aerial vehicles within the forecast timeframe of 2027.



The growing realization of UAV deployment in military operations has encouraged vendors to offer UAVs that can be used in numerous commercial applications. UAVs are also being adopted in other applications, including internet provision in remote places, aerial photography and video recording, survey and document wildlife, and public service missions. Several companies primarily offer small-UAVs that are used in agricultural, aerial photography, and data collection applications. Besides, in the military domain, unmanned combat aerial vehicles (UCAVs) are considered low-cost alternatives to combat aircraft, and they provide less collateral damage than missiles or aerial bombing deployed from manned aircraft. However, the growth of the UAV market can be hindered by technological and legal constraints such as limited endurance, SWaP and bandwidth challenges, and the presence of non-uniform laws and regulations that can restrict the usage of such systems in the airspace of certain countries.



The supply chain within the OEMs across the globe and their subsidiaries play a vital role in governing the business dynamics of the unmanned aerial vehicles (UAV) market. The COVID-19 outbreak had a notable impact on the supply chain, leading to business disruption. Companies located in Asia-Pacific and Latin America are more vulnerable and are envisioned to face operational constraints and high financial risk exposure due to supply chain bottlenecks. The nature of the supply chain and resourcing patterns of the defense technology industry base (DTIB) are also envisioned to affect production, as production queues with branched-out supply chains are more likely to face supply-side constraints. However, it is a short-term challenge that will be eliminated over time with new operational infrastructure. Higher demand and lower production costs in this region as compared to North America and Europe will allow them to witness a higher CAGR within the forecast timeframe of 2022 - 2027.



Key Market Trends



The Civil and Commercial Segment is Expected to Dominate the Market During the Forecast Period



The commercial drone sector has witnessed a high growth rate with numerous technological innovations. Miniaturization and COTS technologies are providing low-cost products for even the smallest UAVs in the market, leading to a procurement spree of mini- and micro UAVs by commercial operators. The vendors are primarily offering small UAVs for agricultural, aerial photography, and data collection applications. Full-sized UAVs such as the Chinese CH-4 are also being deployed for geological surveying, ocean monitoring, meteorological observation, and forest fire prevention missions. Home deliveries via drones have become a reality due to the efforts of logistics and retail companies such as Amazon and UPS toward rolling out the technology. As commercial drones can travel at up to 100 mph and deliver goods under 5 lbs (2.3 kg), the delivery mechanism is expected to decrease the delivery time and associated costs. To prepare the ground rules that will allow the flight of the delivery drones and other commercial unmanned craft, the FAA has put forward recommendations for governance of delivery drones. The recommendations include requirements that all delivery drones need to be equipped with tracking hardware that would allow each delivery copter to be identified. Operators would also be required to furnish details on the technology being used to track and relay instructions to the drones. Other recommendations include airspace management rules, such as permissible operational height below 2,500 feet, away from airports, sports events, and landmarks, and a "Trusted Operator System" that would exempt some commercial drone operators that use the craft for security and surveillance. To enhance the performance parameters of commercial UAVs, manufacturers are adopting alternative power sources for attaining long-duration flights. Technology giants such as Google and Facebook have acquired firms such as Titan Aerospace and Ascenta, respectively, to facilitate the development of UAV technologies and create a worldwide network that can offer internet access in rural areas. Such developments are anticipated to drive the adoption of UAVs by the civil and commercial end users.



Asia-Pacific to Witness Highest Growth During the Forecast Period



During the forecast period, Asia-Pacific is expected to witness the highest growth rate, owing to the expansion of defense capabilities in key countries such as China, India, Japan, and South Korea. The paradigm shift in favor of unmanned systems reflects the military’s general tendency to be at par with the most advanced technology available and perceptions of the emergence of asymmetrical warfare. The development of home-grown UAVs is likely to increase due to the rising initiatives for indigenous aerospace platforms, which would significantly boost the UAV market in Asia-Pacific. The increase in the number of initiatives undertaken by OEMs toward indigenous development in the field of UAVs is expected to boost the adoption rate of the technology through easier access to low-cost UAVs. The technology is expected to have significant implications for a myriad of industries, ranging from public safety to farming automation, from disaster relief to infrastructure maintenance. Countries such as China, India, and Pakistan have been upgrading their respective inventories of military UAVs. Collaborative efforts are underway by dominant market players in the association of government bodies to capture the high growth potential of the market.



Integration of unmanned vehicles in manned combat operations has allowed players to explore novel business opportunities within the military segment. In November 2021, the People s Liberation Army of China announced their plans to execute a joint manned and unmanned joint aerial operations. For trial basis the government plans to use indigenously manufactured J-20 fighter jet aircraft with four drones in a tandem strategy. This operations will notably improve the country s aerial military and operational capabilities like surveillance, search, rescue, and close combat.



Competitive Landscape



Thales Group, Elbit Systems Ltd, Israel Aerospace Industries Ltd., Northrop Grumman Corporation, and BAE Systems PLC are some of the largest players in the market studied. The unmanned aerial vehicles market is highly competitive and is marked by the presence of many prominent players competing for a larger market share. The stringent safety and regulatory policies in the defense and homeland security segment are expected to restrict the entry of new players. However, the commercial and civil segment is expected to witness rapid growth due to the entry of many players as the segment is not governed by economies of scale. Companies with superior technical capabilities are expected to contribute significantly toward technological advances in the propulsion systems and payload characteristics of UAVs. This would result in a shorter development cycle time and can significantly augment the operational capabilities of mini-UAVs. Since the payload, endurance, and flight range of a UAV platform are the primary concerns of OEMs and operators alike, the emergence of alternative fuel-powered UAVs is expected to cause significant changes in the competitive scenario. Moreover, the use of composite-based materials for the construction of critical components and parts of UAVs would likely increase the capabilities of the UAV platforms and fuel their widespread adoption across different industries.



Additional Benefits:



  • The market estimate (ME) sheet in Excel format

  • 3 months of analyst support

1 INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study
1.3 Currency Conversion Rates for USD

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY
3.1 Market Size and Forecast, Global, 2018 - 2027
3.2 Market Share by UAV Size, 2021
3.3 Market Share by Type, 2021
3.4 Market Share by Range, 2021
3.5 Market Share by Application, 2021
3.6 Structure of the Market and Key Participants
3.7 Market Drivers and Restraints
3.8 Expert Opinion on Unmanned Aerial Vehicles Market

4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Technology Trends
4.5 Porter s Five Forces Analysis
4.5.1 Bargaining Power of Buyers/Consumers
4.5.2 Bargaining Power of Suppliers
4.5.3 Threat of New Entrants
4.5.4 Threat of Substitute Products
4.5.5 Intensity of Competitive Rivalry

5 MARKET SEGMENTATION (Market Size and Forecast by Value - USD billion, 2018 - 2027)
5.1 UAV Size
5.1.1 Small UAV
5.1.2 Medium UAV
5.1.3 Large UAV
5.2 Type
5.2.1 Fixed-wing (MALE, HALE, TUAV)
5.2.2 VTOL (Single Rotor, Multi Rotor)
5.3 Range
5.3.1 Visual Range of Sight (VLOS)
5.3.2 Beyond Visual Line of Sight (BVLOS)
5.4 Application
5.4.1 Military
5.4.1.1 Combat
5.4.1.2 Non-Combat (Cargo Delivery, ISR, and Battle Damage Management)
5.4.2 Civil and Commercial
5.4.2.1 Agriculture
5.4.2.2 Construction and Mining
5.4.2.3 Inspection and Monitoring
5.4.2.4 Delivery
5.4.2.5 Law Enforcement and First Responders
5.4.2.6 Other Applications
5.5 Geography
5.5.1 North America
5.5.1.1 United States
5.5.1.2 Canada
5.5.2 Europe
5.5.2.1 United Kingdom
5.5.2.2 France
5.5.2.3 Germany
5.5.2.4 Ukraine
5.5.2.5 Rest of Europe
5.5.3 Asia-Pacific
5.5.3.1 China
5.5.3.2 India
5.5.3.3 Japan
5.5.3.4 South Korea
5.5.3.5 Malaysia
5.5.3.6 Philippines
5.5.3.7 Indonesia
5.5.3.8 Rest of Asia-Pacific
5.5.4 Latin America
5.5.4.1 Mexico
5.5.4.2 Brazil
5.5.4.3 Argentina
5.5.4.4 Colombia
5.5.4.5 Rest of Latin America
5.5.5 Middle-East and Africa
5.5.5.1 Saudi Arabia
5.5.5.2 United Arab Emirates
5.5.5.3 Turkey
5.5.5.4 Israel
5.5.5.5 Egypt
5.5.5.6 Rest of Middle-East and Africa

6 COMPETITIVE LANDSCAPE
6.1 Vendor Market Share
6.2 Company Profiles
6.2.1 DJI
6.2.2 Parrot SA
6.2.3 Delair SAS
6.2.4 AeroVironment Inc.
6.2.5 Northrop Grumman Corporation
6.2.6 Elbit Systems Ltd
6.2.7 General Atomics
6.2.8 Israel Aerospace Industries Ltd.
6.2.9 Thales Group
6.2.10 The Boeing Company
6.2.11 Microdrones GmbH
6.2.12 BAYKAR
6.2.13 Leonardo S.p.A.
6.2.14 Textron Inc.

7 MARKET OPPORTUNITIES

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