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Commercial UAV Market Share, Size, Trends & Industry Analysis Report By Type; By End-Use; By Region; Segment Forecast, 2021 - 2028

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  • 105 Pages
  • June 2021
  • Region: Global
  • Polaris Market Research
  • ID: 5396991
The global commercial UAV (unmanned aerial vehicle) size is expected to reach USD 475.23 billion by 2028 according to this new study. The report “Commercial UAV (Unmanned Aerial Vehicle) Market Share, Size, Trends & Industry Analysis Report By Type (Rotary Blade UAV, Fixed Wing UAV); By End-Use (Agriculture, Energy & Public Utilities, Construction, Media & Entertainment, Government); By Region; Segment Forecast, 2021-2028” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The increasing applications of commercial UAVs in industries such as agriculture, media & entertainment, and mining have boosted the growth of the market. Use of UAVs in performing high-risk tasks further support the growth of this market. Additionally, the technological innovation in the market in terms of miniaturization & improvement of components further boosts the adoption of commercial UAVs.

Increasing investments by vendors in technological advancements coupled with decreasing prices of components would reduce the overall cost of UAVs in the coming years, further supporting the market growth. However, security and privacy concerns are expected to hamper market growth during the forecast period. Growing demand from emerging economies and increasing awareness are factors expected to provide numerous growth opportunities in the coming years.

The adoption of commercial UAVs is rising at a significant rate worldwide. UAVs provide high-resolution imagery capable of monitoring and verifying applications in various sectors including civil engineering & construction, government, defense & intelligence, agriculture & forestry, transportation, real estate, and others. Varied applications of commercial UAVs include topographic mapping, infrastructure planning, exploration of new energy sources, mitigation of the impact of disasters, and monitoring drilling projects in the oil & gas industry.

Also, commercial UAVs assist in monitoring vegetation, green mapping, vegetation damage due to leaching, traffic management, tracking of the fleet, and others. In the real estate industry, commercial UAVs are used for an enhanced view of buildings and properties, and in the insurance sector for accessing environmental risk through accurate and updated geographical data.

North America generated the highest revenue in the market in 2020 and is expected to lead the global market throughout the forecast period. The increasing applications in the commercial sectors have increased the demand for commercial UAVs in the region. The increasing demand from agriculture, and media & entertainment sectors further boosts the market growth.

Local players are introducing low-cost commercial UAVs with high performance. Numerous key players have adopted partnership and expansion strategies to increase their market share in commercial UAV markets in the region. Asia-Pacific is expected to grow at the highest CAGR during the forecast period.

The different end-users in the commercial UAV market include agriculture, energy and public utilities, construction, media and entertainment, government, and others. In 2020, the government segment accounted for the highest market share. The government sector majorly uses commercial UAVs for security and law enforcement.

Unmanned aerial vehicles are equipped with optical, zoom, and thermal cameras for surveillance and acquiring evidence. Other applications of commercial UAVs in this sector include search and rescue, traffic collision reconstruction, investigating suspects, crime scene analysis, crowd monitoring, and others.

The well-known companies profiled in the report include Parrot SA, SAIC, Israel Aerospace Industries, Elbit Systems Ltd, DJI Innovations, BAE Systems PLC, PrecisionHawk Inc, AeroVironment, Inc, Aeryon Labs Inc, 3D Robotics Inc, Aurora Flight, and Denel Dynamics among others. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.
Frequently Asked Questions about the Commercial UAV Market

What is the estimated value of the Commercial UAV Market?

The Commercial UAV Market was estimated to be valued at $13.46 Billion in 2021.

What is the growth rate of the Commercial UAV Market?

The growth rate of the Commercial UAV Market is 66.4%, with an estimated value of $475.23 Billion by 2028.

What is the forecasted size of the Commercial UAV Market?

The Commercial UAV Market is estimated to be worth $475.23 Billion by 2028.

Who are the key companies in the Commercial UAV Market?

Key companies in the Commercial UAV Market include Parrot SA, SAIC, Israel Aerospace Industries, Elbit Systems Ltd., DJI Innovations, BAE Systems PLC, PrecisionHawk Inc., AeroVironment., Aeryon Labs Inc. and 3D Robotics Inc..

Table of Contents

1. Overview and Scope
1.1. Research goal & scope
1.2. Research assumptions
1.3. Research Methodology
1.3.1. Primary data sources
1.3.2. Secondary data sources
1.4. Key takeaway
1.5. Stakeholders
2. Executive Summary
2.1. Market Definition
2.2. Market Segmentation
3. Commercial UAV (Unmanned Aerial Vehicle) Market Insights
3.1. Commercial UAV (Unmanned Aerial Vehicle) - Industry snapshot
3.2. Commercial UAV (Unmanned Aerial Vehicle) - Ecosystem analysis
3.3. Commercial UAV (Unmanned Aerial Vehicle) Market Dynamics
3.3.1. Commercial UAV (Unmanned Aerial Vehicle) - Market Forces Commercial UAV (Unmanned Aerial Vehicle) Market Driver Analysis Commercial UAV (Unmanned Aerial Vehicle) Market Restraint/Challenges analysis Commercial UAV (Unmanned Aerial Vehicle) Market Opportunity Analysis
3.3.2. Industry analysis - Porter's five force Bargaining power of supplier Bargaining power of buyer Threat of substitute Threat of new entrant Degree of competition
3.3.3. Commercial UAV (Unmanned Aerial Vehicle) Market PEST Analysis, 2020
3.3.4. Commercial UAV (Unmanned Aerial Vehicle) Market Value Chain Analysis
3.3.5. Commercial UAV (Unmanned Aerial Vehicle) Industry Trends
3.3.6. Competitive Ranking Analysis
4. Commercial UAV (Unmanned Aerial Vehicle) Market Size and Forecast, 2016 - 2028 by Type
4.1. Key Findings
4.2. Rotary Blade UAVs
4.3. Fixed Wing UAVs
4.4. Others
5. Commercial UAV (Unmanned Aerial Vehicle) Market Size and Forecast, 2016 - 2028 by End-Use
5.1. Key Findings
5.2. Agriculture
5.3. Energy and Public Utilities
5.4. Construction
5.5. Media and Entertainment
5.6. Government
5.7. Others
6. Commercial UAV (Unmanned Aerial Vehicle) Market Size and Forecast, 2016 - 2028 by Region
6.1. Key Findings
6.2. North America
6.2.1. U.S.
6.2.2. Canada
6.2.3. Mexico
6.3. Europe
6.3.1. Germany
6.3.2. UK
6.3.3. France
6.3.4. Italy
6.3.5. Rest of Europe
6.4. Asia-Pacific
6.4.1. China
6.4.2. India
6.4.3. Japan
6.4.4. Rest of Asia-Pacific
6.5. Latin America
6.5.1. Brazil
6.6. Middle East & Africa
7. Company Profiles
7.1. Parrot SA
7.1.1. Overview
7.1.2. Financials
7.1.3. Product Benchmarking
7.1.4. Recent Developments
7.2. SAIC
7.2.1. Overview
7.2.2. Financials
7.2.3. Product Benchmarking
7.2.4. Recent Developments
7.3. Israel Aerospace Industries
7.3.1. Overview
7.3.2. Financials
7.3.3. Product Benchmarking
7.3.4. Recent Developments
7.4. Elbit Systems Ltd.
7.4.1. Overview
7.4.2. Financials
7.4.3. Product Benchmarking
7.4.4. Recent Developments
7.5. DJI Innovations
7.5.1. Overview
7.5.2. Financials
7.5.3. Product Benchmarking
7.5.4. Recent Developments
7.6. BAE Systems PLC
7.6.1. Overview
7.6.2. Financials
7.6.3. Product Benchmarking
7.6.4. Recent Developments
7.7. PrecisionHawk Inc.
7.7.1. Overview
7.7.2. Financials
7.7.3. Product Benchmarking
7.7.4. Recent Developments
7.8. AeroVironment, Inc.
7.8.1. Overview
7.8.2. Financials
7.8.3. Product Benchmarking
7.8.4. Recent Developments
7.9. Aeryon Labs Inc.
7.9.1. Overview
7.9.2. Financials
7.9.3. Product Benchmarking
7.9.4. Recent Developments
7.10. 3D Robotics Inc.
7.10.1. Overview
7.10.2. Financials
7.10.3. Product Benchmarking
7.10.4. Recent Developments
7.11. Aurora Flight
7.11.1. Overview
7.11.2. Financials
7.11.3. Product Benchmarking
7.11.4. Recent Developments
7.12. Denel Dynamics
7.12.1. Overview
7.12.2. Financials
7.12.3. Product Benchmarking
7.12.4. Recent Developments
List of Tables

Companies Mentioned

  • Parrot SA
  • SAIC
  • Israel Aerospace Industries
  • Elbit Systems Ltd.
  • DJI Innovations
  • BAE Systems PLC
  • PrecisionHawk Inc.
  • AeroVironment.
  • Aeryon Labs Inc.
  • 3D Robotics Inc.
  • Aurora Flight
  • Denel Dynamics.