Astute Analytica published a new report on the Global Unmanned Aerial Vehicle (UAV) Market. The global markets report analysis of the growth momentum and revenue inflows in this industry, including the impact of COVID-19.
The Global Unmanned Aerial Vehicle (UAV) market is projected to offer a revenue opportunity of US$ 46.7 billion during the forecast period 2022-2030. The global UAV market is estimated to reach a valuation of US$ 106.03 billion by 2030 at a CAGR of 7.5%.
The market study report presents important factors that positively and negatively affect the growth of this vertical in order to suggest stakeholders in making decisions. In addition, the report offers data on the past, present, and future companies’ scenarios. The report also contains key segments and leading players.
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The automotive sector is continuously working to develop an integrated approach to a cleaner environment and lower carbon emissions. In order to minimize fuel consumption, automakers are creating more efficient engines and drive trains, and a wide range of sophisticated emissions-control equipment is placing cleaner cars on the road globally.
It is forecast that clear improvements in air quality can notice when more new automobiles with contemporary exhaust emissions performance hit the road. As older, more polluting cars replace the new ones. Thus, this trend will continue to lead to the growth of the automotive sector.
Impact Analysis of COVID-19
The COVID-19 pandemic wreaked havoc on the worldwide automotive industry quickly and severely. Chinese parts shipments halted, large-scale manufacturing disruptions were occurring across Europe, and assembly factories in the United States had to close. This has put a lot of pressure on a sector already dealing with a worldwide demand downturn due to decreased consumer needs.
According to data from the International Organization of Motor Vehicle Manufacturers, the commercial vehicle sector in out of 40 major nations, 17 nations, including Belgium, Canada, Germany, Japan, etc., saw negative growth of 67.5% during the COVID-19 pandemic.
Regional Insights
By Type
- Fixed Wing
- Rotary Wing
- Hybrid
By Mode of Operation
- Remotely Operated
- Semi-Autonomous
- Fully Autonomous
By Size
- Very small UAVs
- Micro or Nano UAVs
- Small UAVs
- Mini UAVs
- Medium UAVs
- Large UAVs
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By Payload
- <25 KG
- 25-170 KG
- >170 KG
By Industry
- Military & Defence
- Government & Law Enforcement
- Civil & Commercial
- Agriculture
- Aerial Spraying
- Construction & Mining
- Arts, Entertainment & Recreation
- Healthcare & Social Assistance
- Civilian/ Commercial
- Airports
- Energy & Utilities
- Critical Infrastructures
- Data Centers
- Stadiums
- Residential
- Other Public Venues
- Others
By Range
- Visual Line of Sight
- Extended Visual Line of Sight
- Beyond Visual Line of Sight
By Region
- North America
- The U.S.
- Canada
- Mexico
- Europe
- Western Europe
- The UK
- Germany
- France
- Italy
- Spain
- Rest of Western Europe
- Eastern Europe
- Poland
- Russia
- Rest of Eastern Europe
- Western Europe
- Asia Pacific
- China
- India
- South Korea
- Japan
- Australia & New Zealand
- ASEAN
- Malaysia
- Myanmar
- Philippines
- Singapore
- Thailand
- Vietnam
- Indonesia
- Cambodia
- Rest of ASEAN
- Rest of Asia Pacific
- Middle East & Africa (MEA)
- UAE
- Saudi Arabia
- South Africa
- Rest of MEA
- South America
- Argentina
- Brazil
- Rest of South America
Key Players Insights
DJI Technology, General Atomics Aeronautical Systems, Lockheed Martin Corporation, BAE Systems Plc, and Northrop Grumman among others.
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