Unmanned Aircraft Systems Market worth USD 34.06 Billion by 2023

The report defines the global unmanned aircraft systems market as the autonomous aircraft that operate according to the pre-programmed automation systems or control by the human operator from the remote locations. This unmanned aircraft system is also known as drones or unmanned aerial vehicles. The unmanned aerial vehicles can be used several applications including surveillance, data collection, agriculture, aerial photography and other applications.

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Military and Defence Applications Drive the Growth of Unmanned Aircraft System Market

Growing application of unmanned aircraft systems across military and defence applications drives the growth of unmanned aircraft system market. The use of UAV in the defence and military applications is becoming more popular nowadays. Drones in the military are used mostly for surveillance and offensive operations as well as they help to reduce the time spent on maintenance and repair and overhaul of aircraft. Unmanned aircraft systems are considered as an attractive solution when there is a need to work in remote and dangerous environments.

In addition, the government taking initiative to adopt the unmanned aircraft systems for aerial photography, agriculture, traffic management, surveillance, and other applications. For instance, the Federal Aviation Administration (FAA) is focusing on the integration of the unmanned aerial system into the National Airspace System (NAS) that further helps them to manage the air traffic systems and procedures.

Regional Analysis

Among the geographies covered in the scope of the report, North America holds the maximum market share in this market. Furthermore, North America is expected to be dominated the market over the forecast period followed by Europe. Growing adoption of unmanned aircraft systems in the military application is driving the growth of this market in the North America region. They are suitable for the missions that are too dangerous for humans. Unmanned aerial vehicles provide the attack capability for high-risk missions. Moreover, the unmanned aircraft systems provide various benefits in the military applications. They offer a less stressful environment and has better decision making. The Asia Pacific is the fastest growing region in the unmanned aircraft systems market owing to its offered benefits, growing drone industry and growing popularity drones in the various applications.

Major Market Key Players

The key companies provided in the global unmanned aircraft system market include Lockheed Martin, Northrop Grumman Corporation, 3D Robotics, AeroVironment, Boeing, Yamaha Motor Company, Israel Aerospace Industries, DJI, Aeryon Labs and Leptron Unmanned Aircraft Systems.

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