Press release
Unmanned Defense Aerial Vehicle Industry to See Robust Expansion, Valued at $25.34 Billion by 2029
Unmanned Defense Aerial Vehicle Market
What Is the Projected CAGR for the Unmanned Defense Aerial Vehicle Market from 2024 to 2025?
Recent years have seen a significant expansion in the unmanned defense aerial vehicle market. The market, which is projected to increase from $16.52 billion in 2024 to $17.91 billion in 2025, will experience a compound annual growth rate (CAGR) of 8.4%. The escalation observed in the past can be linked to advancements in military modernization, asymmetric warfare and counterterrorism measures, enhanced surveillance and reconnaissance, as well as technological developments.
What are the Expected Market Size and CAGR for Unmanned Defense Aerial Vehicle by 2029?
In the approaching years, the market size of unmanned defense aerial vehicles is predicted to witness substantial growth. It's estimated that the market will surge to $25.34 billion by 2029, with a compound annual growth rate (CAGR) of 9.1%. The anticipated growth during this forecast period is likely due to the increasing usage of armed uavs, counter-drone technologies, geopolitical conflicts, urban warfare, and asymmetric threats. The forecast period is expected to experience major trends such as electromagnetic warfare (ew), hybrid-electric uavs, environmental adaptation, maritime, and submarine operations.
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Which Factors Are Driving the Global Unmanned Defense Aerial Vehicle Market Expansion?
The projected surge in defense expenditure on unmanned technologies is likely to enhance the growth of the unmanned defense aerial vehicle market in the expected timeframe. Forecasts suggest that the procurement of defense in the US is geared to rise to an estimated $3.3 billion by the clima*x of 2030. Consequently, the amplified investment in R&D by the defense industry concerning unmanned technologies is predicted to boost the revenue of the unmanned defense aerial vehicles market in the impending years.
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Which Segment Currently Holds the Largest Share of the Unmanned Defense Aerial Vehicle Market?
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
Which Major Trends Are Shaping the Future of the Unmanned Defense Aerial Vehicle Industry?
A significant trend in the unmanned aerial vehicle (UAV) market is the increasing demand for sustainable and environmentally-friendly products. Using eco-friendly UAVs can lessen the environmental effects of military and defense actions. UAVs have the potential to reduce CO2 emissions and other air pollutants in comparison to conventional delivery methods like motorcycles, cars, vans, lorries, and planes that run on fossil fuels. The laws and regulations controlling the use of UAVs in military and defense are becoming increasingly focused on environmental impact. For instance, the European Aviation Safety Agency (EASA) stipulates that drones should be designed to keep noise and emissions to a minimum and meet environmental protection standards. Meanwhile, The Federal Aviation Administration (FAA), the American government's principal transportation agency regulating all facets of civil aviation, has predicted the commercial drone fleet (drones used for business purposes) will hit 828,000, while the recreational fleet is projected to reach around 1.48 million by 2024.
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Which Key Players Dominate the Unmanned Defense Aerial Vehicle Industry Globally?
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 Fastest-Growing Regions in the Unmanned Defense Aerial Vehicle Market?
Asia-Pacific was the largest region in unmanned defense aerial vehicle market in 2024. 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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