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Unmanned Commercial Aerial Vehicle Market Outlook, Critical Insights, Trends Analysis, Key Players And Forecast To 2033
Unmanned Commercial Aerial Vehicle Market
As per the report, the unmanned commercial aerial vehicle market size has grown exponentially in recent years. It will grow from $17.96 billion in 2023 to $21.77 billion in 2024 at a compound annual growth rate (CAGR) of 21.2%. The unmanned commercial aerial vehicle market size is expected to see rapid growth in the next few years. It will grow to $36.22 billion in 2028 at a compound annual growth rate (CAGR) of 13.6%.
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The Rapid Expansion Of Unmanned Commercial Aerial Vehicles Across Sectors
Increasing applications of unmanned aerial vehicles (UAVs) in the commercial sectors have contributed to the growth of the unmanned commercial aerial vehicle market. 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 For instance, an agriculture drone, which is a UAV, empowers the farmer to adapt to specific environments and make mindful choices. Drone data aids in crop health, crop treatment, crop scouting, soil analysis, and crop damage assessments. Increased applications in diverse fields with extraordinary advantages drive the unmanned commercial aerial vehicle market growth.
The Revolution Of High-Capacity Lithium Batteries In Uav Manufacturing
Unmanned commercial aerial vehicle manufacturing companies are implementing improved batteries in their UAVs, which could fly for longer and farther on just a single charge. 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.
The unmanned commercial aerial vehicle market covered in this report is segmented -
1) By Segment: Fixed-Wing UAVs, Multi-Rotor Aerial Vehicles, Rotary Blade Type UAV
2) By Mode Of Operation: Remotelly Piloted, Optionally Piloted, Fully Autonomous
3) By End-User: Agriculture, Energy, Public utilities, Construction, Media and Entertainment, Government, Others
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Major companies operating in the unmanned commercial aerial vehicle market include AeroVironment Inc., BAE Systems plc, SZ DJI Technology Co. Ltd. (DJI), Elbit Systems Ltd., General Atomics Aeronautical Systems Inc., Israel Aerospace Industries Ltd. (IAI), Lockheed Martin Corporation, Northrop Grumman Corporation, Parrot SA, Textron Inc., The Boeing Company, 3D Robotics Inc., Science Applications International Corporation (SAIC), Denel Dynamics (Pty) Ltd, Ambarella Inc., Aurora Flight Sciences a Boeing Company, Challis Heliplane Uav Inc, Draganfly Inc., General Dynamics Corporation, Aerospace Industry, Prox Dynamics AS (Prox Dynamics was acquired by FLIR Systems), Thales Group, Turkish Aerospace Industries Inc. (TAI), PrecisionHawk Inc., Aeryon Labs Inc., Yamaha Motor Co. Ltd., Ascending Technologies, ZeroTech Robotics, Vision Aerial, Volansi Inc., WiBotic Inc., Wing, Xer Technologies, Yuneec International Co. Ltd.
Contents of the report:
1. Executive Summary
2. Unmanned Commercial Aerial Vehicle Market Report Structure
3. Unmanned Commercial Aerial Vehicle Market Trends And Strategies
4. Unmanned Commercial Aerial Vehicle Market - Macro Economic Scenario
5. Unmanned Commercial Aerial Vehicle Market Size And Growth
…..
27. Unmanned Commercial Aerial Vehicle Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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