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Unmanned Aerial Vehicle (UAV) Market Demand, Overview, Size, Trends and Forecast 2022-2031 | AeroVironment, Inc., Airbus S.A.S., BAE Systems, DJI, Elbit Systems Ltd.
Unmanned Aerial Vehicle (UAV) Market
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An unmanned aerial vehicle (UAV), also known as a drone, is an aircraft without a human pilot on board. UAVs are a component of an unmanned aircraft system (UAS), which include a UAV, a ground-based controller, and a system of communications between the two. The flight of UAVs may operate with various degrees of autonomy: either under remote control by a human operator or autonomously by onboard computers.
UAVs are used in a variety of applications, including military, law enforcement, search and rescue, disaster relief, weather monitoring, agricultural mapping, and aerial photography.
Key Trends and Drivers
The following are some of the key trends that are currently shaping the market:
Increased demand for UAVs: There is a growing demand for UAVs from both the commercial and military sectors. This is being driven by the need for increased situational awareness and the ability to conduct operations in hostile or difficult to access environments.
Improved UAV technology: The technology used in UAVs is constantly improving, making them more reliable and capable. Newer UAVs are able to stay in the air for longer periods of time and carry heavier payloads.
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Increased regulation: As the use of UAVs grows, so does the need for regulation. Governments are starting to put in place rules and regulations governing the use of UAVs in order to ensure safety and minimize the risk of accidents.
Growing commercial market: The commercial market for UAVs is growing rapidly as businesses look to capitalize on the many benefits they offer. UAVs are being used for a variety of tasks such as surveying, mapping, and delivery.
Military applications: The military is one of the biggest users of UAVs and is utilizing them for a variety of missions such as reconnaissance, surveillance, and attack.
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Market Segments
By Type
Fixed Wing
Rotary Wing
Hybrid
By Application
Military & Defense
Civil & Commercial
Logistics & Transportation
Construction & Mining
Others
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Key Players
AeroVironment, Inc.
Airbus S.A.S.
BAE Systems
DJI
Elbit Systems Ltd.
FLIR Systems Inc.
Lockheed Martin Corporation
Northrop Grumman Corporation
Textron Inc.
The Boeing Company
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