Press release
UAV Drones Market Growth, Demand, Key Drivers, Forecast To 2033
UAV Drones Market
The Business Research Company presents an extensive market research report on the UAV Drones Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The uav drones market size has grown rapidly in recent years. It will grow from $30.06 billion in 2023 to $34.82 billion in 2024 at a compound annual growth rate (CAGR) of 15.8%. The growth in the historic period can be attributed to military and defense adoption, commercial applications, miniaturization and lightweight designs, consumer interest and adoption, remote sensing and monitoring..
The uav drones market size is expected to see rapid growth in the next few years. It will grow to $61.08 billion in 2028 at a compound annual growth rate (CAGR) of 15.1%. The growth in the forecast period can be attributed to energy sector integration, consumer market growth, healthcare and emergency response, miniaturization and portability, autonomous features development.. Major trends in the forecast period include education and training, security and surveillance needs, energy sector integration, infrastructure development, drone delivery services..
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Key Market Players:
Major companies operating in the uav drones market report are General Atomics Aeronautical Systems Inc., Northrop Grumman Corporation, SZ DJI Technology Co. Ltd., AeroVironment Inc., Airbus S.A.S., BAE Systems PLC, AiDrones GmbH, Tonner Drones, Elbit Systems Ltd., General Atomics Aeronautical Systems Inc., Lockheed Martin Corporation, Yuneec International Co. Ltd., Thales Group, Kasper UAV, senseFly SA, Delair, Hexagon AB, Aeronautics Ltd., Anduril Industries Inc., Animal Dynamics Ltd., Asteria Aerospace Ltd., SAAB AB, Teal Drones Inc., Teledyne FLIR LLC, SZ DJI Technology Co. Ltd., Parrot SA, Kitty Hawk Corporation, GoPro Inc., Holy Stone, Autel Robotics
Market Drivers:
Increasing defense spending is expected to propel the growth of the UAV drone market going forward. Defense spending refers to the amount of the federal budget earmarked for defense, including funding for military operations, pay, training, and health care, in addition to maintaining and buying weapons, buildings, and equipment. Defense spending is used for procurement and the purchase of UAV drones which has been a force multiplier for combat around the world. For instance, in April 2023, according to SIPRI (Stockholm International Peace Research Institute), a Sweden-based international organization,in 2022, the total amount spent on military spending worldwide climbed by 3.7% in real terms, hitting a record $2240 billion. China's military budget also increased for the 26th year in a row. Therefore, increasing defense spending is driving the growth of the UAV drone market.
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https://www.thebusinessresearchcompany.com/report/uav-drones-global-market-report
The uav drones market covered in this report is segmented -
1) By Product: Fixed-Wing, Rotary Blade, Hybrid
2) By Component: Camera, Battery, Propulsion System, Controller, Sensor, Other Components
3) By End-Use: Military And Defense, Retail, Construction, Agriculture, Entertainment, Law Enforcement, Other End Uses
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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