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Unmanned Defense Aerial Vehicle Market Expansion Continues, with Forecast Valuation of $24.73 Billion by 2029
Unmanned Defense Aerial Vehicle
Unmanned Defense Aerial Vehicle Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market for unmanned defense aerial vehicles has witnessed significant expansion in the past few years. The market is predicted to increase from $16.19 billion in 2024 to $17.61 billion in 2025, indicating a compound annual growth rate (CAGR) of 8.8%. Various factors like modernization of the military, counterterrorism and unconventional warfare, enhanced surveillance and reconnaissance, and technological development contribute to the growth in this period.
Unmanned Defense Aerial Vehicle Market Size Forecast: What's the Projected Valuation by 2029?
The market size for unmanned defense aerial vehicles is anticipated to undergo significant expansion in the coming years, eventually reaching $24.74 billion by 2029, with a compound annual growth rate (CAGR) of 8.9%. This anticipated expansion throughout the forecast period can be ascribed to the escalating adoption of armed uavs, counter-drone technologies, geopolitical tensions, incidents of urban warfare, and uneven threats. Noteworthy trends expected to surface during the forecast period include electromagnetic warfare (ew), hybrid-electric uavs, environmental adaptation, as well as maritime and submarine operations.
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What Are the Drivers Transforming the Unmanned Defense Aerial Vehicle Market?
The rise in defense expenditure on unmanned technologies is forecasted to boost the unmanned defense aerial vehicle market's growth in the coming years. The US defense procurement is projected to escalate to about $3.3 billion by the close of 2030, indicating a significant surge. Consequently, this increase in R&D spending by the defense sector on unmanned technologies is expected to fuel the revenue generation for the unmanned defense aerial vehicles market in the near future.
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What Long-Term Trends Will Define the Future of the Unmanned Defense Aerial Vehicle Market?
An emerging trend in the drone market, also known as the unmanned aerial vehicle (UAV) market, involves a rising interest in sustainable and ecologically responsible products. Utilizing such green UAVs could significantly cut down on the environmental footprints left by various military and defense operations. Compared to traditional modes of delivery that use fossil fuels, such as motorcycles, cars, vans, trucks, and airplanes, drones can considerably reduce CO2 emissions and other air pollutants. The laws and policies related to the application of drones in military and defense spheres are increasingly focusing on environmental factors. For instance, the European Aviation Safety Agency (EASA) mandates that drones must be designed to minimally produce noise and emissions, and also meet requirements for environmental protection. Similarly, the U.S. Federal Aviation Administration (FAA), which is the largest transportation sector regulator in the American government and manages all aspects of civilian aviation in the nation, has projected that by 2024, there will be around 828,000 commercial drones (i.e., drones used for businesses) and approximately 1.48 million drones for recreational use.
Which Segments in the Unmanned Defense Aerial Vehicle Market Offer the Most Profit Potential?
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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Which Firms Dominate the Unmanned Defense Aerial Vehicle Market by Market Share and Revenue in 2025?
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.
Which Regions Offer the Highest Growth Potential in the Unmanned Defense Aerial Vehicle Market?
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
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