Global Unmanned Aerial Vehicle (Drones) Market (2021-2026) by System, Drone Type, Application, End-User, Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis

The Global Unmanned Aerial Vehicle (Drones) Market is estimated to be USD 26.9 Bn in 2021 and is expected to reach USD 62.2 Bn by 2026, growing at a CAGR of 18.25%.

Market Dynamics

The global UAV drone market has been witnessing growth due to the rise in the use of a drone by military and defense sector for various purpose such as target attainment, investigation, etc. In addition, the use of drones in the multi-end-use industry like agriculture, media & entertainment, the event industry is considered to drive the market growth. In addition, next-generation developed UAV drones are being prepared to deliver packages or support search and rescue operations which are further expected to create a new opportunity for market growth.

Even though the UAV drone has several benefits, these unmanned systems are disposed to cyber-attacks, which can become a possible threat to market growth.

Market Segmentation

The Global Unmanned Aerial Vehicle (Drones) Market is segmented further based on System, Drone Type, Application, End-User, and Geography.

By System, the market is classified into Platforms, Payloads, Data Links, Ground Control Stations, and Launch & Recovery Systems. Amongst all, the Platforms segment is estimated to hold the highest market share during the forecast period.

By Drone Type, the market is classified into Fixed-Wing Drones, Hybrid Drones, Multi-Rotor Drones, Nano Drones, and Single Rotor Drones.

By Application, the market is classified as Special-Purpose Drones, Passenger Drones, Inspection & Monitoring Drones, Surveying & Mapping Drones, Spraying & Seeding Drones, Cargo Air Vehicles, and Others. Amongst all, the Special Purpose Drones segment is estimated to hold the highest market share during the forecast period.

By End-User, the market is classified as Agriculture, Energy & Power, Military & Defense, Construction & Mining, Insurance, Environmental Resource Management, Media & Entertainment, and Academics & Research.

By Geography, North America is projected to lead the market.

Recent Developments

1. Autel Robotics and Drone Sense Partner to Enable Advanced Public Safety UAS Operations - 10th November 2020
2. Autel launches Dragonfish VTOL and EVO II RTK drones at CES 2021- 13th January 2021

Company Profiles

Some of the companies covered in this report are 3D Robotics Inc, AeroVironment, Inc, Amazon Prime Air, Aurora Flight Sciences Corporation, Autel Robotics Co, BAE Systems plc, etc.

Competitive Quadrant

The report includes Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Why buy this report?

• The report offers a comprehensive evaluation of the Global Unmanned Aerial Vehicle (Drones) Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
• The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
• The report includes an in-depth market analysis using Porter’s 5 forces model and the Ansoff Matrix. In addition, the impact of Covid-19 on the market is also featured in the report.
• The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
• The report also contains the competitive analysis using Positioning Quadrants, the analyst’s Proprietary competitive positioning tool.

Report Highlights:

• A complete analysis of the market, including parent industry
• Important market dynamics and trends
• Market segmentation
• Historical, current, and projected size of the market based on value and volume
• Market shares and strategies of key players
• Recommendations to companies for strengthening their foothold in the market