Global UAV Market - Growth, Trends, and Forecast (2018 - 2023)

  • ID: 4515744
  • Report
  • Region: Global
  • 85 pages
  • Mordor Intelligence
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FEATURED COMPANIES

  • AeroVironment Inc.
  • Airbus Group
  • BAE Systems
  • Boeing
  • Cybaero Ab
  • DJI Innovations
  • MORE
The global UAV market is expected to register a CAGR close to 10% during the forecast period, 2018 to 2023. Military expenditure is the primary driving factor of the global UAV market. UAVs have the capability of reducing collateral damage, while hovering, searching, identifying, and striking targets, which makes them an asset for the military. For instance, the UAV market in pacific region is primarily driven by the threat posed by North Korea. As a result, South Korea has developed few UAV models indigenously and also, rolled out a long-term plan in December 2017 to develop unmanned vehicles, with the aim of emerging as a global leader in the sector by 2030. Other factors that fuel the growth are growing demand for UAVs for commercial applications, such as aerial photography, express shipping and delivery, gathering information or supplying essentials for disaster management, geographical mapping of inaccessible terrain and locations, building safety inspections, precision crop monitoring. However, strict airspace regulations across major countries of the world, especially US, where FAA pioneered in setting regulations for commercial use of drones in the region can restrain the growth rate of UAV market. Further, the export restrictions on UAVs, by classifying them in the same bracket as missiles, is expected to hinder growth of the market to some extent.

Asia- Pacific to Dominate the Market

The UAV market for Asia-Pacific region is expected to register a CAGR close to 12%, during the forecast period. China accounted for the largest market, accounting a significant share in the Asia-pacific region in 2017. In December 2017, South Korea unveiled a long-term plan to develop unmanned vehicles, with the aim of emerging as a global leader in the sector by 2030. According to the data released by Stockholm International Peace Research Institute (SIPRE), results indicate India as one of the top countries having 22.5% of the world's drone imports.

Key Developments in the Market:
  • November 2017: Microdrones GMBH announced its partnership with the company Navigation Electronics Inc. (NEI). This partnership will help Microdrones company to provide UAV quadcopter in the Southeastern US, for surveying and mapping process. The partnership will further enable Microdrones to integrate their UAVs for the surveying and mapping process, which will be carried out by the GIS professionals
  • October 2017: BAE Systems and Cranfield University developed dual-mode UAVs for armed forces
  • September 2017: AeroVironment delivered M1/M2/M5-compatible Raven and Puma unmanned aircraft systems (UAS) to two DoD customers
  • July 2017: BAE Systems Australia got a USD 30 million contact from Royal Australian Navy (RAN) to upgrade maritime satellite communications terminals in four years
Major Players: DJI INNOVATIONS, AEROVIRONMENT INC., BAE SYSTEMS, CYBAERO AB, ELBIT SYSTEMS LTD ,GENERAL ATOMICS, PARROT SA, ISRAEL AEROSPACE INDUSTRIES, THALES SA, AIRBUS GROUP, MICRODRONES, BOEING, amongst others.

Reasons to purchase this report
  • The report analyses how the regulations regarding UAVs will impact global UAV market
  • Analyzing various perspectives of the market with the help of Porter’s five forces analysis
  • The UAV type that is expected to dominate the market
  • The regions that are expected to witness fastest growth during the forecast period
  • Identify the latest developments, market shares, and strategies employed by the major market players
  • 3-month analyst support, along with the Market Estimate sheet (in Excel)
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FEATURED COMPANIES

  • AeroVironment Inc.
  • Airbus Group
  • BAE Systems
  • Boeing
  • Cybaero Ab
  • DJI Innovations
  • MORE
1. Introduction
1.1. Research Methodology
1.2. General Study Assumptions

2. Research Methodology
2.1. Introduction
2.2. Analysis Methodology
2.3. Study Assumptions
2.4. Econometric Forecast Model

3. Executive Summary

4. Market Overview And Technology Trends
4.1. Current Market Scenario
4.2. Technology Trends
4.3. Porter's Five Forces Analysis
4.3.1. Bargaining Power Of The Suppliers
4.3.2. Bargaining Power Of The Consumers
4.3.3. Threat Of New Entrants
4.3.4. Threat Of Substitute Products And Services
4.3.5. Competitive Rivalry Within The Industry

5. Market Dynamics
5.1. Drivers
5.1.1. Increased Military Spending
5.1.2. Increasing Commercial Applications
5.1.3. Increased Demand for UAV from ISR
5.1.4. Increase in Internal and External Security Threats
5.2. Restraints
5.2.1. Airspace Regulations
5.2.2. High Competition
5.2.3. High Accident Rates
5.3. Opportunities
5.3.1. Reduced Restrictions on UAVs for Commercial Use
5.3.2. Higher Demand due to Reducing Defense Budgets

6. Global UAV Market, Segmented By Type
6.1. TUAVs
6.2. Vertical Take-Off and Landing (VTOL)
6.3. Medium altitude long endurance (MALE)
6.4. High Altitude Long Endurance (HALE)
6.5. Others

7. Global UAV Market, Segmented By Application
7.1. Military
7.2. Commercial

8. Global UAV Market, Segmented By Geography
8.1. North America
8.1.1. The United States
8.1.2. Canada
8.1.3. Mexico
8.1.4. Rest of North America
8.2. South America
8.2.1. Brazil
8.2.2. Argentina
8.2.3. Rest of South America
8.3. Asia-Pacific
8.3.1. China
8.3.2. Japan
8.3.3. India
8.3.4. South Korea
8.3.5. Rest of Asia-Pacific
8.4. Europe
8.4.1. Germany
8.4.2. United Kingdom
8.4.3. France
8.4.4. Italy
8.4.5. Rest of Europe
8.5. Middle East and Africa
8.5.1. UAE
8.5.2. South Africa
8.5.3. Saudi Arabia
8.5.4. Rest of Middle East and Africa

9. Competitive Landscape
9.1. Introduction
9.2. Market Share Analysis

10. Company Profiles
10.1. DJI Innovations
10.2. AeroVironment Inc.
10.3. BAE Systems
10.4. Cybaero Ab
10.5. Elbit Systems Ltd
10.6. General Atomics
10.7. Parrot SA
10.8. Israel Aerospace Industries
10.9. Thales SA
10.10. Airbus Group
10.11. Microdrones
10.12. Boeing

11. Future Outlook

12. Disclaimer
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  • DJI Innovations
  • AeroVironment Inc.
  • BAE Systems
  • Cybaero Ab
  • Elbit Systems Ltd
  • General Atomics
  • Parrot SA
  • Israel Aerospace Industries,Thales SA
  • Airbus Group
  • Microdrones
  • Boeing
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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