DUBLIN--(BUSINESS WIRE)--The "Unmanned Commercial Aerial Vehicle Global Market Report 2021: COVID-19 Growth and Change to 2030" report has been added to ResearchAndMarkets.com's offering.
The global unmanned commercial aerial vehicle market is expected to grow from $1.42 billion in 2020 to $1.73 billion in 2021 at a compound annual growth rate (CAGR) of 21.8%. The market is expected to reach $3.48 billion in 2025 at a CAGR of 19%.
Major players in the unmanned commercial aerial vehicle market are AeroVironment Inc., BAE Systems, DJI, Elbit Systems, General Atomics, Israel Aerospace Industries, Lockheed Martin Corporation, Northrop Grumman, Parrot SA and Textron Inc.
The market for unmanned commercial aerial vehicle consists of sales of unmanned commercial aerial vehicles, which are miniature pilotless aircrafts including remotely piloted aerial vehicles and unpiloted aerial vehicles, controlled to carry small payloads, perform delivery and minor services, commercial inspections and operations such as photography and videography. The market consists of revenue generated by the company's manufacturing the unmanned commercial aerial vehicles by the sales of these products.
Increasing applications of unmanned aerial vehicles (UAVs) in the commercial sectors contributed to the growth of unmanned commercial aerial vehicle market. Faster delivery of goods and increasing transportation of products such as small packages, food, medical supplies and others has 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 of damaged assets, monitoring crops, collecting soil data and other high risk and dangerous operations.
For instance, agriculture drone which is an UAV empowers the farmer to adapt to specific environments and make mindful choices. The gained data from drones helps regulate 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 vehicles market.
Security and privacy concerns are expected to limit the growth of unmanned commercial aerial vehicle market. Risks are always associated with UAVs as they are vulnerable to hacking. UAVs rely on different sensors to locate and calculate flight altitude and information is exchanged between UAV and Ground Control Station (GCS), and therefore, rely on communication links, which may be susceptible to hacking.
The unmanned commercial aerial vehicle market covered in this report is categorized by segment: fixed-wing UAVs; multi-rotor aerial vehicles; rotary blade type UAVs and by end-user into agriculture; energy; public utilities; construction; media and entertainment; government; others.
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 has twice the capacity and half the size when compared with the former ones.
Key Topics Covered:
1. Executive Summary
2. Unmanned Commercial Aerial Vehicles Market Characteristics
3. Unmanned Commercial Aerial Vehicles Market Trends and Strategies
4. Impact of COVID-19 on Unmanned Commercial Aerial Vehicles
5. Unmanned Commercial Aerial Vehicles Market Size and Growth
5.1. Global Unmanned Commercial Aerial Vehicles Historic Market, 2015-2020, $ Billion
5.1.1. Drivers of the Market
5.1.2. Restraints on The Market
5.2. Global Unmanned Commercial Aerial Vehicles Forecast Market, 2020-2025F, 2030F, $ Billion
5.2.1. Drivers of the Market
5.2.2. Restraints on the Market
6. Unmanned Commercial Aerial Vehicles Market Segmentation
6.1. Global Unmanned Commercial Aerial Vehicles Market, Segmentation By Segment, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
- Fixed-Wing UAVs
- Multi-Rotor Aerial Vehicles
- Rotary Blade Type UAV
6.2. Global Unmanned Commercial Aerial Vehicles Market, Segmentation By End-User, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
- Public utilities
- Media and Entertainment
6.3. Global Unmanned Commercial Aerial Vehicles Market, Segmentation By Mode of Operation, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
- Remotelly Piloted
- Optionally Piloted
- Fully Autonomous
7. Unmanned Commercial Aerial Vehicles Market Regional and Country Analysis
7.1. Global Unmanned Commercial Aerial Vehicles Market, Split By Region, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
7.2. Global Unmanned Commercial Aerial Vehicles Market, Split By Country, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
- AeroVironment Inc.
- BAE Systems
- Elbit Systems
- General Atomics
- Israel Aerospace Industries
- Lockheed Martin Corporation
- Northrop Grumman
- Parrot SA
- Textron Inc.
- The Boeing Company
- 3D Robotics, SAIC
- Denel Dynamics
- Textron Inc
- Aurora Flight
- Challis Heliplane Uav Inc
- General Dynamic Corporation
- Aerospace Industry
- Prox Dynamic A
- Thales Group
- Turkish Aerospace Industry Inc
- PrecisionHawk Inc
- Aeryon Labs Inc.
For more information about this report visit https://www.researchandmarkets.com/r/iy4xtg