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Allied Market Research

Unmanned Aerial Vehicle (UAV) Market by Type (Vertical Take-off and Landing (VTOL), Fixed Wing and Rotary Wing), Class (Small UAV, Tactical UAV and Special Purpose UAV), Application (Military, Commercial, Consumer and Others), Mode of Operation (Fully Autonomous, Remotely Piloted and Optionally Piloted) and System (Launch & Recovery Systems, Ground Control Stations, Data Links and Others): Global Opportunity Analysis and Industry Forecast, 2020–2027

A09059
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Dec 2020 | 68 Views
 
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Unmanned Aerial Vehicle (UAV) Market Outlook - 2027

The global unmanned aerial vehicle (UAV) market is experiencing a significant growth due to commercial applications of UAVs. UAV is an aircraft without a pilot on-board. UAVs can be either remotely controlled by an operator or it can fly autonomously. UAVs are used in various industries for applications such as surveying & mapping, film-making, law-enforcement, product delivery, and agriculture, among others. Military applications of UAVs involve attack, reconnaissance, counter enemy drones, and training & target practice. In addition, smaller handheld UAVs are used to extend vision of ground units in the battlefield form the front line. Moreover, UAV systems offer substantial range & efficiency compared to manned aircrafts. 

Market scope and structure analysis:

Report Metric

Details

  Market size available for years

  2020–2027

  Base year considered

  2019

  Forecast period

  2021–2027

  Forecast units

  Value (USD)

  Segments covered

  Type, Class, Application, Mode of Operation, System, and Region

  Regions covered

North America (the U.S. and Canada), Europe (Germany, the UK, France, and rest of Europe), Asia-Pacific (China, Japan, India, and rest of Asia-Pacific), Latin America (Brazil, Mexico, and rest of LATAM) and The Middle East and Africa

  Companies covered

Raytheon Company, Textron Inc., General Atomics, Northrop Grumman Corporation, Parrot S.A., The Boeing Company, Turkish Aerospace Industries, Microdrones GmbH, Saab AB, and Israel Aerospace Industries

 

COVID-19 scenario analysis: 

UAV manufacturing companies are forced to stop production operations due to government-imposed lockdown to slow the spread of COVID-19.

UAV delivery services are witnessing a surge in demand amid the COVID-19 crisis due to availability of option to avail human contact-free services.

UAV manufacturers are facing operational issues due to supply chain disruption caused by the government initiatives to control the COVID-19 outbreak.

Military agencies are forced to delay the procurement of new UAVs, since nations are diverting financial resources to combat COVID-19 pandemic.

Research & development of autonomous UAV systems is adversely affected due to lack of workforce owing to the travel restrictions imposed by government to control the COVID-19 outbreak.

Top impacting factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis

Surge in usage of military UAVs, increase in demand for autonomous aircrafts, and rise in adoption of UAVs in non-military applications are some of the factors that drive the global unmanned aerial vehicle market. However, susceptibility of UAVs to cyber-attacks hinders the market growth. On the contrary, advancement in drone technology, fast encrypted communication system, and artificial intelligence present new pathways in the industry.

The global unmanned aerial vehicle market trends are as follows:

Surge in usage of military UAVs

UAVs are being deployed rapidly by nations for border patrolling & defense. For instance, in 2020, Israeli Defense Ministry signed an agreement with Hellenic Ministry of National Defense (Greece), stating to lease the latter, Heron UAV system (manufactured by Israel Aerospace Industry) for a period of three years to defend its border. Heron is a medium-altitude long endurance UAV, used by Israel’s military for day-night & maritime border patrolling as well as satellite communications. Such initiatives to deploy UAVs into military applications will drive the global unmanned aerial vehicle market.

Rise in adoption of UAVs in non-military applications

The demand for small UAVs (drones) for commercial & business applications is increasing, since UAVs can be deployed in emergency healthcare services, urban mobility, and package delivery among others. Recently, Skydio Inc. (an American drone manufacturing company) has deployed drones in pandemic relief efforts with the aid of public safety agencies in US, as part of the company’s emergency response programs. Also, in 2019, Google’s subsidiary company X, partnered with FedEx (a delivery service company headquartered in Tennessee, US) to offer autonomous drone deliveries under project named Wing. Such extensive use of UAVs in commercial applications is expected to boost the global unmanned aerial vehicle market.

Key segments covered:

Segments

Sub-segments

  Type

  • Vertical Take-off and Landing (VTOL)
  • Fixed Wing
  • Rotary Wing

  Class

  • Small UAV
  • Tactical UAV
  • Special Purpose UAV

  Application

  • Military
  • Commercial
  • Consumer
  • Others

  Mode of Operation

  • Fully Autonomous
  • Remotely Piloted
  • Optionally Piloted

  System

  • Launch & Recovery Systems
  • Ground Control Stations
  • Data Links
  • Others

 

Key benefits of the report:

  • This study presents the analytical depiction of the global UAV industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global unmanned aerial vehicle market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the global unmanned aerial vehicle market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
  • The report provides a detailed global unmanned aerial vehicle market analysis based on competitive intensity and how the competition will take shape in coming years. 

Questions answered in the Unmanned Aerial Vehicle market research report:

  • Which are the leading market players active in the unmanned aerial vehicle market?
  • What are the current trends that will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What are the projections for the future that would help in taking further strategic steps?
 
With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:

  • Consistent, valuable, robust and actionable data & analysis that can easily be referenced for strategic business planning
  • Technologically sophisticated and reliable insights through well audited and veracious research methodology
  • Sovereign research proceeds that present a tangible depiction of marketplace


With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.

Secondary research
We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

  • Patent and regulatory databases for understanding of technical & legal developments
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic new articles, web-casts and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators and relevant press releases for market estimates and forecast


Primary research
Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:

  • Validates and improves the data quality and strengthens research proceeds
  • Further develops analyst team’s market understanding and expertise
  • Supplies authentic information about market size, share, growth and forecasts


Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:

  • Chief executives and VPs of leading corporations specific to industry
  • Product and sales managers or country heads; channel partners and top level distributors; banking, investments and valuation experts Key opinion leaders (KOLs)


Analyst tools and models
AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.
 
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