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Unmanned Defense Aerial Vehicle Market Insights, Competitive Analysis, Latest Trends, And Forecast To 2033

05-17-2024 06:03 AM CET | Aerospace & Defense

Press release from: The Business research company

Unmanned Defense Aerial Vehicle Market Overview

Unmanned Defense Aerial Vehicle Market Overview

The unmanned defense aerial vehicle market size has grown strongly in recent years. It will grow from $15.16 billion in 2023 to $16.52 billion in 2024 at a compound annual growth rate (CAGR) of 9.0%. The growth in the historic period can be attributed to military modernization, counterterrorism and asymmetric warfare, improved surveillance and reconnaissance, technological advancements.

The unmanned defense aerial vehicle market size is expected to see strong growth in the next few years. It will grow to $23.34 billion in 2028 at a compound annual growth rate (CAGR) of 9.0%. The growth in the forecast period can be attributed to growing adoption of armed uavs, counter-drone technologies, geopolitical tensions, urban warfare and asymmetric threats. Major trends in the forecast period include electromagnetic warfare (ew), hybrid-electric uavs, environmental adaptation, maritime and submarine operations.

Market Overview -
Unmanned defense aerial vehicle refers to drones and aircraft with no onboard humans that are guided autonomously, used in defense operations. UAVs carry sensors, target designators, aircraft ordnance such as ATGMs, missiles, bombs, or electronic transmitters that are designed to destroy enemy targets in defense applications.

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Unmanned Aerial Vehicle Market Expansion Fueled By Increased Military Spending And Rising Need For Better Surveillance Systems
Increasing spending on defense for unmanned technologies is predicted to contribute to the growth of the unmanned defense aerial vehicle market during the forecast period. According to, US defense procurement is expected to ramp up from $2.5 billion in 2020 to approximately $3.3 billion by the end of 2030. Thus, the increasing spending on R&D by the defense sector on unmanned technologies is anticipated to propel the revenues for the unmanned defense aerial vehicles market over the forthcoming years.

Competitive Landscape -
Major companies operating in the unmanned defense aerial vehicle market include The Boeing Company, BAE Systems plc, SZ DJI Technology Co. Ltd. (DJI), Elbit Systems Ltd., General Atomics Aeronautical Systems Inc., Israel Aerospace Industries Ltd. (IAI), Northrop Grumman Corporation, Textron Inc., AeroVironment Inc., Lockheed Martin Corporation, 3D Robotics Inc., Action Drone Inc., AguaDrone, Airbus SE, Autel Robotics USA LLC, CyPhy Works Inc., Delair, Dragonfly Innovations Inc., Hubsan, Insitu a Boeing Company, Kespry Inc., Parrot SA, Yuneec International Co. Ltd., PrecisionHawk Inc., Prox Dynamics AS (Prox Dynamics was acquired by FLIR Systems), Raptor Maps Inc., Raytheon Technologies Corporation, Science Applications International Corporation (SAIC), Shield AI Inc., Thales Group, Turkish Aerospace Industries Inc. (TAI), Vantage Robotics, Vayu Inc.

Increased Demand For Sustainable And Eco-Friendly UAV Defense Products
One notable trend within the unmanned aerial vehicle (UAV) market is the growing preference for sustainable and eco-friendly products. The use of sustainable and eco-friendly UAVs can help reduce the environmental impact of military and defense operations. UAVs can reduce CO2 emissions and other air pollutants compared to traditional methods of delivery, such as motorcycles, cars, vans, lorries, and planes using fossil fuels. Regulations and policies governing the use of UAVs in military and defense applications are increasingly focused on environmental considerations. For example, the European Aviation Safety Agency (EASA) requires that drones be designed to minimize noise and emissions as far as possible and comply with environmental protection requirements. For instance, The Federal Aviation Administration (FAA), the largest transportation agency of the U.S. government and regulates all aspects of civil aviation in the country has forecasted that the commercial drone fleet (drones operated in connection with a business) will reach 828,000, and that the recreational fleet will number around 1.48 million by 2024.

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Key Segments -
The unmanned defense aerial vehicle market covered in this report is segmented -
1) By UAV Type: Multi Rotor, Single Rotor, Fixed Wing, Fixed Wing Hybrid VTOL
2) By Range: Visual Line of Sight (VLOS), Extended Visual Line of Sight (EVLOS), Beyond Line of Sight (BLOS)
3) By Technology: Remotely Operated, Semi-Autonomous, Fully-Autonomous

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

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