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Unmanned Commercial Aerial Vehicles Market Analysis, Trends, Growth, Research And Forecast 2032
Unmanned Commercial Aerial Vehicles Market
The Business Research Company's Unmanned Commercial Aerial Vehicles Global Market Report 2023 identifies increasing applications of unmanned aerial vehicles (UAVs) in the commercial sectors as the major driver for the unmanned commercial aerial vehicles market's growth in the forecast period. Faster delivery of goods and increasing transportation of products such as small packages, food, medical supplies, and others have great significance in the commercial sector. The commercial usage of UAVs in various industries such as agriculture, mining, security and law enforcement, journalism, and media & entertainment for various tasks such as surveys, maintenance operations, long-range sensing, aerial photography, inspecting damaged assets, monitoring crops, collecting soil data and other high-risk and dangerous operations.
The global unmanned commercial aerial vehicle market size will grow from $13.09 billion in 2022 to $14.02 billion in 2023 at a compound annual growth rate (CAGR) of 7.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global unmanned commercial aerial vehicle is expected to grow to $17.68 billion in 2027 at a CAGR of 6.0%.
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Major competitors in the unmanned commercial aerial vehicles market are AeroVironment Inc., BAE Systems, DJI, Elbit Systems, General Atomics, Israel Aerospace Industries, Lockheed Martin Corporation.
A key trend in the unmanned commercial aerial vehicles market includes technological advancement. Improvements in battery technology can be seen by the replacement of lithium-ion batteries with lithium metal batteries, which have twice the capacity and half the size when compared with the former ones. In April 2021, KULR Technology Group Inc., a US-based developer of advanced thermal management technologies, launched a new line of high-capacity lithium battery packs for the market of commercial drones. The energy-efficient battery pack platform from KULR features a lighter, intrinsically safe battery with cutting-edge chemistry and thermal management technology. This benefits drone manufacturers because it allows for longer and farther flights from a single charge. Based on the company's 30-plus-year history of specializing in carbon-based fiber materials used for thermal management and battery safety, KULR's technology was developed.
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The unmanned commercial aerial vehicles market is segmented -
• By Segment: Fixed-Wing UAVs, Multi-Rotor Aerial Vehicles, Rotary Blade Type UAV
• By End-User: Agriculture, Energy, Public utilities, Construction, Media and Entertainment, Government, Others
• By Mode Of Operation: Remotely Piloted, Optionally Piloted, Fully Autonomous
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.Asia-Pacific was the largest region in the unmanned commercial aerial vehicles market.
The Business Research Company's "Global Unmanned Commercial Aerial VehiclesMarket Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Unmanned Commercial Aerial Vehicles Market Include:
1. Executive Summary
2. Unmanned Commercial Aerial Vehicles Market Characteristics
3. Unmanned Commercial Aerial Vehicles Market Trends And Strategies
4. Unmanned Commercial Aerial Vehicles Market - Macro Economic Scenario
5. Unmanned Commercial Aerial Vehicles Market Size And Growth
……
26. Africa Unmanned Commercial Aerial Vehicles Market
27. Unmanned Commercial Aerial Vehicles Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Unmanned Commercial Aerial Vehicles Market
29. Unmanned Commercial Aerial Vehicles Market Future Outlook and Potential Analysis
30. Appendix
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