Global UAV Drone Market, By Component Type (Camera, Battery, Propulsion System, Controller, Sensor, Navigation System, Others), By Drone Type (Military Drones and Commercial Drones), End-User (Agriculture and Environment, Media and Entertainment, Energy, Government, Construction & Archaeology, Others) – Competitive Landscape & Growth Potential Analysis, 2021-2031

Categories: Aerospace and Defence

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The global UAV drone market is expected to grow at a CAGR of 19% during the forecast period. The market is anticipated to surpass USD 62.5 billion by 2031, from USD 16.1 billion in 2020.

The growing adoption of drone technology in industrial verticals such as agriculture, mining, and construction is driving market development. Drones are commonly used in agriculture to track farmlands, enabling farmers to respond quickly to threats such as drought and pests. This will encourage business growth.

IMPACT OF COVID-19 ON THE GLOBAL UAV DRONE MARKET

The sudden emergence of the COVID-19 pandemic has had a variety of effects on the global UAV drone industry's development. The increasing use of drones during the pandemic for surveying COVID-19 infected regions and tracking lockdown processes is boosting market growth during the pandemic era. Furthermore, the increasing use of drones by delivery companies to deliver vital goods to people during lockout periods is accelerating market growth. During the COVID-19 pandemic, eighteen countries have installed drones for transportation and delivery. Some did so as part of their experimentation and testing, while others continued with their daily drone delivery operations. However, there is a lack of understanding of the use cases and applications, as well as a lack of understanding of the issue and context in which drone technology can be useful during a pandemic.

GLOBAL UAV DRONE MARKET INFOGRAPHICS

Source: ThinkWise Intelligence Analysis

GLOBAL UAV DRONE MARKET DYNAMICS

MARKET DRIVER: RISING ADOPTION OF DRONE TECHNOLOGY IN VARIOUS INDUSTRIES

Drones for private use/UAV Drones The growing adoption of drone technology in industrial verticals such as agriculture, mining, and construction is driving market development. Drones are commonly used in agriculture to track farmlands, enabling farmers to respond quickly to threats such as drought and pests. This will encourage business growth. The growing adoption of drone technology in industrial verticals such as agriculture, mining, and construction is driving the commercial drone/UAV market growth. Precision technology is gaining momentum in the sector as a means of providing farmers and agricultural practitioners with more realistic inputs to help them plan and manage their farm operations more accurately. Another factor driving drone technology is the funding of government agencies around the world.

The incorporation of emerging technologies such as Machine Learning (ML) and Artificial Intelligence (AI) in drones provides the industry with substantial growth opportunities. Drones with AI technology can better understand their environment, accurately map areas, track and control the movement of specific objects, and provide detailed analytical feedback. Furthermore, they enable real-time, data-driven decision-making for their users by ensuring fast data capture, processing, and transfer.

MARKET RESTRAINT: PRIVACY AND SECURITY CONCERNS

Certain barriers and constraints are being encountered, which will impede overall business development. Factors such as government legislation restricting the introduction of such ideas and the lack of standards and protocols are limiting market development. In addition, a shortage of qualified and trained personnel to operate UAVs, as well as issues with UAV safety and protection, are expected to stymie growth during the forecast period. Furthermore, a lack of adequate air traffic control for UAVs, as well as potential threats to safety and privacy, are potential restrictions impeding the overall growth of the global UAV drone industry.

MARKET OPPORTUNITY: INCREASED APPLICATION AREAS FOR LIDAR, GIS, MAPPING SERVICES

Increased demand for GIS, LiDAR, and mapping services from industries such as agriculture, oil, tourism, and others propel the commercial drone market forward. With the introduction of LiDAR, GIS, and other mapping services, the agriculture sector is undergoing successful improvements in improved crop health management, crop efficiency, and improved soil condition. The real estate and civil engineering industries are making progress in terms of adopting emerging technologies, such as multidimensional modeling, architectural planning, and project monitoring for civil engineering projects. Drones are also used for a variety of purposes, including exploration and discovery, archeological surveys, mining, cargo management, telecom network management, oil and gas resource management, and more. The expansion of application areas is expected to drive commercial drone market growth over the forecast period.

MARKET THREAT: HIGH-RESOLUTION SATELLITE IMAGERY

Previously, satellite imagery was an expensive proposition; however, businesses are now focusing on creating technologically advanced, high resolution, and cost-effective imagery solutions. One such example is DigitalGlobe's WorldView-satellite, which provides high-definition panchromatic images. Satellites can conduct imaging, GIS, LiDAR, surveillance, and other services. Furthermore, unlike aerial photography, satellite services are not subject to any regulatory issues, which may reduce commercial drone market share during the forecast period.

KEY TRENDS IN THE GLOBAL UAV DRONE MARKET

GLOBAL UAV DRONE MARKET TRENDS, BY COMPONENT

"During the forecast period, the UAV Drone market for camera is expected to dominate the global market."

Based on Component, the market is bifurcated into Propulsion System, Camera, Controller, Sensor, Navigation System, Battery, Others. During the forecast period, camera is expected to hold the largest share of the market among all components. UAV camera systems can be used for continuous video surveillance, investigation, remote control, border defense, critical infrastructure safety, thermographic inspection of inaccessible buildings, firefighting, and law enforcement. A key factor driving the growth of the UAV drones camera market is the rapid adoption of cameras for military and commercial applications.

GLOBAL UAV DRONE MARKET TRENDS, BY DRONES TYPE

"During the forecast period, the UAV Drone market for Commercial drones is expected to dominate the global market."

Based on Drones Type, the market is bifurcated into Commercial Drones and Military Drones. The military drones segment has the largest market share. Military drones are mostly used by defense agencies around the world to patrol borders, enforce the law, and conduct combat missions. During the forecast period, the commercial drone is anticipated to have the highest CAGR. Factors that can be attributed to increasing demand include increased demand for drones and drone-generated data in commercial applications.

GLOBAL UAV DRONE MARKET TRENDS, BY REGION

" North America holds the dominant share in the global market."

North America accumulated the largest market share in terms of volume in 2020 and is expected to expand significantly over the next seven years as a result of favorable government policies, advances in drone technology, and rising demand from businesses across various industries. Furthermore, the Federal Aviation Administration (FAA) in the United States has issued new rules that provide more concise and clear guidance for the legal and safe operation of unmanned aerial vehicles (UAVs) in commercial spaces. These rules and regulations are expected to lower entry barriers and boost product adoption in the area. Because of the favorable regulatory environment, especially among developed nations, Asia Pacific is expected to experience the fastest growth in terms of volume.

COMPETITIVE LANDSCAPE IN THE GLOBAL UAV DRONE MARKET

The global UAV Drone market is highly diverse and competitive, with many international players and a small number of regional and local players. AeroVironment, Inc., 3D Robotics; YUNEEC; Leptron Unmanned Aircraft Systems, Inc.; SZ DJI Technology Co., Ltd., EHANG, Parrot Drones SAS are just a few of the market's major players.

RECENT ADVANCES IN THE GLOBAL UAV DRONE MARKET

In April 2021, The Air Force’s New Drone Launched a Little Baby Drone “XQ-58A Valkyrie”.
In August 2017, At the Advanced Naval Technology Exercise, the organization launched its advanced mission management and control system (ANTX). This system allows many unmanned undersea vehicles (UUVs), unmanned surface vehicles (USVs), and unmanned aerial vehicles (UAVs) to work together to gather, analyze, and synthesize data from various sensors.

CHAPTER 1. INTRODUCTION
1.1. KEY OBJECTIVES OF THE STUDY
1.2. MARKET SCOPE & DEFINITION
1.2.1. MARKET SEGMENTATION
1.3. REPORT DESCRIPTION
1.4. LIMITATIONS
1.5. STAKEHOLDERS FOR PRIMARY INTERVIEWS

CHAPTER 2. RESEARCH METHODOLOGY
2.1. DATA EXPLORATION
2.1.1. PRIMARY DATA
2.1.1.1. DATA SOURCES
2.1.1.2. KEY DATA COLLECTED
2.1.2. SECONDARY DATA
2.1.2.1. DATA SOURCES
2.1.2.2. KEY DATA COLLECTED
2.2. MARKET SIZE ESTIMATION
2.2.1. TOP-DOWN APPROACH
2.2.2. BOTTOM-UP APPROACH
2.3. DATA BREAKDOWN & TRIANGULATION
2.4. ASSUMPTIONS & FORECAST PARAMETERS

CHAPTER 3. EXECUTIVE SUMMARY

CHAPTER 4. THINKWISE INTELLIGENCE EXCLUSIVE INSIGHTS
4.1. MARKET ATTRACTIVENESS, BY COMPONENT TYPE
4.2. MARKET ATTRACTIVENESS, BY DRONE TYPE
4.3. MARKET ATTRACTIVENESS, BY END-USER
4.4. MARKET ATTRACTIVENESS, BY REGION

CHAPTER 5. MARKET OVERVIEW
5.1. INTRODUCTION
5.2. GROWTH IMPACT FORCES
5.2.1. DRIVERS
5.2.2. RESTRAINTS
5.2.3. OPPORTUNITIES
5.2.4. THREATS
5.3. MARKET ECOSYSTEM & VALUE CHAIN
5.3.1. ECOSYSTEM ANALYSIS
5.3.1.1. IMPACT OF COVID-19 ON THE MARKET ECOSYSTEM
5.3.2. VALUE CHAIN ANALYSIS
5.3.2.1. IMPACT OF COVID-19 ON THE MARKET VALUE CHAIN
5.4. INNOVATION & SUSTAINABILITY MATRICES
5.4.1. PATENT MATRIX
5.4.2. REGULATORY MATRIX
5.5. PRICE MATRIX
5.5.1. IMPACT OF COVID-19 ON PRICING
5.5.2. PRICING ANALYSIS
5.5.2.1. BY COMPONENT TYPE
5.5.2.2. DRONE TYPE
5.5.2.3. BY END-USER
5.5.2.4. BY REGION
5.6. PORTER’S FIVE FORCES ANALYSIS
5.6.1. BARGAINING POWER OF SUPPLIERS
5.6.2. BARGAINING POWER OF CONSUMERS
5.6.3. THREAT OF SUBSTITUTES
5.6.4. THREAT OF NEW-ENTRANTS
5.6.5. COMPETITIVE RIVALRY INTENSITY
5.7. PESTLE ANALYSIS
5.7.1. POLITICAL
5.7.2. ECONOMICAL
5.7.3. SOCIAL
5.7.4. TECHNOLOGICAL
5.7.5. ENVIRONMENTAL
5.8. IMPACT OF COVID-19 ON GLOBAL UAV DRONE MARKET
5.8.1. PRE-COVID MARKET SCENARIO
5.8.2. POST-COVID MARKET SCENARIO

CHAPTER 6. GLOBAL UAV DRONE MARKET ANALYSIS, BY COMPONENT TYPE
6.1. INTRODUCTION
6.1.1. CAMERA
6.1.2. BATTERY
6.1.3. PROPULSION SYSTEM
6.1.4. CONTROLLER
6.1.5. SENSOR
6.1.6. NAVIGATION SYSTEM
6.1.7. OTHERS

CHAPTER 7. GLOBAL UAV DRONE MARKET ANALYSIS, BY DRONE TYPE
7.1. INTRODUCTION
7.1.1. MILITARY DRONES
7.1.2. COMMERCIAL DRONES

CHAPTER 8. GLOBAL UAV DRONE MARKET ANALYSIS, BY END-USER
8.1. INTRODUCTION
8.1.1. AGRICULTURE AND ENVIRONMENT
8.1.2. MEDIA AND ENTERTAINMENT
8.1.3. ENERGY
8.1.4. GOVERNMENT
8.1.5. CONSTRUCTION & ARCHAEOLOGY
8.1.6. OTHERS

CHAPTER 9. GLOBAL UAV DRONE MARKET ANALYSIS, BY REGION
9.1. INTRODUCTION
9.1.1. NORTH AMERICA
9.1.1.1. UNITED STATES (U.S.)
9.1.1.2. CANADA
9.1.1.3. MEXICO
9.1.2. SOUTH AMERICA
9.1.2.1. ARGENTINA
9.1.2.2. BRAZIL
9.1.2.3. COLOMBIA
9.1.2.4. REST OF SOUTH AMERICA
9.1.3. EUROPE
9.1.3.1. GERMANY
9.1.3.2. FRANCE
9.1.3.3. UNITED KINGDOM (UK)
9.1.3.4. RUSSIA
9.1.3.5. SPAIN
9.1.3.6. ITALY
9.1.3.7. SWITZERLAND
9.1.3.8. REST OF EUROPE
9.1.4. ASIA-PACIFIC
9.1.4.1. CHINA
9.1.4.2. JAPAN
9.1.4.3. INDIA
9.1.4.4. SOUTH KOREA
9.1.4.5. AUSTRALIA
9.1.4.6. INDONESIA
9.1.4.7. SINGAPORE
9.1.4.8. MALAYSIA
9.1.4.9. REST OF ASIA-PACIFIC
9.1.5. MIDDLE EAST
9.1.5.1. EGYPT
9.1.5.2. KUWAIT
9.1.5.3. SAUDI ARABIA
9.1.5.4. UNITED ARAB EMIRATES (UAE)
9.1.5.5. REST OF MIDDLE EAST
9.1.6. AFRICA
9.1.6.1. EGYPT
9.1.6.2. NIGERIA
9.1.6.3. SOUTH AFRICA
9.1.6.4. REST OF AFRICA

CHAPTER 10. COMPETITIVE LANDSCAPE
10.1. TOP WINNING STRATEGIES
10.1.1. BY STRATEGY
10.1.2. BY REGION
10.1.3. BY YEAR
10.2. COMPETITIVE HEATMAP
10.3. PRODUCT BENCHMARKING
10.4. STRATEGIC BENCHMARKING
10.4.1. MERGERS & ACQUISITIONS
10.4.2. STRATEGIC PARTNERSHIPS & COLLABORATIONS

CHAPTER 11. PLAYER BENCHMARKING
11.1. AEROVIRONMENT, INC.
11.1.1. BUSINESS OVERVIEW
11.1.2. PRODUCT OFFERINGS
11.1.3. FINANCIAL OVERVIEW
11.1.4. STRATEGIC BENCHMARKING
11.1.5. SWOT ANALYSIS
11.2. 3D ROBOTICS
11.2.1. BUSINESS OVERVIEW
11.2.2. PRODUCT OFFERINGS
11.2.3. FINANCIAL OVERVIEW
11.2.4. STRATEGIC BENCHMARKING
11.2.5. SWOT ANALYSIS
11.3. YUNEEC
11.3.1. BUSINESS OVERVIEW
11.3.2. PRODUCT OFFERINGS
11.3.3. FINANCIAL OVERVIEW
11.3.4. STRATEGIC BENCHMARKING
11.3.5. SWOT ANALYSIS
11.4. LEPTRON UNMANNED AIRCRAFT SYSTEMS, INC.
11.4.1. BUSINESS OVERVIEW
11.4.2. PRODUCT OFFERINGS
11.4.3. FINANCIAL OVERVIEW
11.4.4. STRATEGIC BENCHMARKING
11.4.5. SWOT ANALYSIS
11.5. SZ DJI TECHNOLOGY CO., LTD.
11.5.1. BUSINESS OVERVIEW
11.5.2. PRODUCT OFFERINGS
11.5.3. FINANCIAL OVERVIEW
11.5.4. STRATEGIC BENCHMARKING
11.5.5. SWOT ANALYSIS
11.6. EHANG
11.6.1. BUSINESS OVERVIEW
11.6.2. PRODUCT OFFERINGS
11.6.3. FINANCIAL OVERVIEW
11.6.4. STRATEGIC BENCHMARKING
11.6.5. SWOT ANALYSIS
11.7. PARROT DRONES SAS
11.7.1. BUSINESS OVERVIEW
11.7.2. PRODUCT OFFERINGS
11.7.3. FINANCIAL OVERVIEW
11.7.4. STRATEGIC BENCHMARKING
11.7.5. SWOT ANALYSIS
11.8. TEXTRON INC.
11.8.1. BUSINESS OVERVIEW
11.8.2. PRODUCT OFFERINGS
11.8.3. FINANCIAL OVERVIEW
11.8.4. STRATEGIC BENCHMARKING
11.8.5. SWOT ANALYSIS
11.9. AERYON LABS
11.9.1. BUSINESS OVERVIEW
11.9.2. PRODUCT OFFERINGS
11.9.3. FINANCIAL OVERVIEW
11.9.4. STRATEGIC BENCHMARKING
11.9.5. SWOT ANALYSIS
11.10. THALES GROUP
11.10.1. BUSINESS OVERVIEW
11.10.2. PRODUCT OFFERINGS
11.10.3. FINANCIAL OVERVIEW
11.10.4. STRATEGIC BENCHMARKING
11.10.5. SWOT ANALYSIS