Press release
Major Market Shift in Unmanned Defense Aerial Vehicle Industry: Increased Demand For Sustainable And Eco-Friendly UAV Defense Products
What Is the Forecasted Market Size and Growth Rate for the Unmanned Defense Aerial Vehicle Market?The market size for unmanned defense aerial vehicles has witnessed significant growth recently. The value is projected to rise from $16.19 billion in 2024 to $17.61 billion in 2025, with a compound annual growth rate (CAGR) of 8.8%. Factors contributing to this growth during the historic period include modernization of military systems, counter-terrorism and asymmetrical warfare efforts, advancements in surveillance and reconnaissance technology.
The market size of the unmanned defense aerial vehicle is anticipated to undergo robust development in the coming years. It is predicted to reach a value of $24.74 billion in 2029 with a compound annual growth rate of 8.9%. The expected growth during this projected timeline can be credited to the escalating usage of armed unmanned aerial vehicles (UAVs), anti-drone technologies, geopolitical struggles, urban conflicts and uneven threats. Key trends observed during this forecast period involve electromagnetic warfare (EW), hybrid-electric unmanned aerial vehicles, environmental adaptation, as well as maritime and submarine operations.
What Factors Are Propelling the Expansion of the Unmanned Defense Aerial Vehicle Market?
The growth of the unmanned defense aerial vehicle market is expected to be driven by escalating defense expenditures on unmanned technologies during the projected period. US defense procurement is set to rise to about $3.3 billion by 2030, as per predictions. Consequently, the surge in research and development spending by the defense industry on unmanned technologies is poised to bolster the income of the unmanned defense aerial vehicle market in the upcoming years.
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Which Businesses Are at the Forefront of Unmanned Defense Aerial Vehicle Market Development?
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.
What Are the Latest Innovations in the Unmanned Defense Aerial Vehicle Market?
A significant shift in the UAV market is the increasing inclination towards ecologically conscious and sustainable products. By adopting sustainable and earth-friendly UAVs, we can lessen the environmental toll of defense and military operations. Compared to the conventional delivery methods, like cars, motorcycles, vans, lorries, and airplanes that run on fossil fuels, the use of UAVs could significantly cut down on CO2 emissions and other airborne toxins. Environmental considerations have become a paramount factor in crafting laws and guidelines for using UAVs in defense and military applications. For instance, the European Aviation Safety Agency (EASA) has mandated the design of drones to keep noise and emissions to the minimum, complying with environmental conservation standards. Similarly, The Federal Aviation Administration (FAA), the premier transport agency of U.S. government, overseeing all civil aviation activities in the U.S, has predicted that the commercial drone fleet, operating for business purposes, will swell up to 828,000 and recreational fleet will surge to about 1.48 million by 2024.
How Is the Unmanned Defense Aerial Vehicle Market Segmented?
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
Subsegments:
1) By Multi Rotor: Quadcopters, Hexacopters, Octocopters
2) By Single Rotor: Small Single-Rotor UAVs, Large Single-Rotor UAVs
3) By Fixed Wing: Small Fixed-Wing UAVs, Tactical Fixed-Wing UAVs, Strategic Fixed-Wing UAVs
4) By Fixed Wing Hybrid VTOL: Tilt-Rotor UAVs, Tail-Sitter UAVs, Multi-Engine Hybrid VTOL UAVs
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Where Is the Unmanned Defense Aerial Vehicle Market Growth Most Prominent?
Asia-Pacific was the largest region in unmanned defense aerial vehicle market in 2023. Western Europe is expected to be the fastest-growing region in the unmanned defense aerial vehicle market during the forecast period. The regions covered in the unmanned defense aerial vehicle market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
What Is Covered In The Unmanned Defense Aerial Vehicle Global Market Report?
- Market Size Analysis: Analyze the Unmanned Defense Aerial Vehicle Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Unmanned Defense Aerial Vehicle Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Unmanned Defense Aerial Vehicle Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Unmanned Defense Aerial Vehicle Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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