Global Unmanned Aerial Vehicle Market By Class (Small UAV, Tactical UAV, Strategic UAV and Special Purpose UAV), By Type (Fixed-wing UAVs, Fixed-wing VTOL UAVs, Rotary-wing UAVs), By Energy Source (Lithium-Ion Battery, Hybrid Cell, Solar Cell, Hydrogen and Fuel Cell), By Mode of Operation (Remotely Piloted, Optionally Piloted, Fully Autonomous), By Range (Visual Line of Sight (VLOS), Extended Visual Line of Sight (EVLOS), Beyond Line of Sight (BLOS)), By MTOW (170 Kilograms), By End User Industry (Defense & Security, Agriculture, Logistics & Transportation, Energy & Power, Construction & Mining, Media & Entertainment, Insurance, Wildlife & Forestry, Academics & Research), By Company, By Region, Forecast & Opportunities, 2026
New York, Feb. 08, 2021 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Global Unmanned Aerial Vehicle Market By Class, By Type, By Energy Source, By Mode of Operation, By Range, By MTOW, By End User Industry, By Company, By Region, Forecast & Opportunities, 2026" - https://www.reportlinker.com/p06020635/?utm_source=GNW
The Global Unmanned Aerial Vehicle Market is expected to grow at a formidable rate of around 18% during the forecast period.The Global Unmanned Aerial Vehicle Market is driven by the increasing use of unmanned aerial vehicles across various end-user industries such as defense & security, agriculture, retail, media & entertainment, among others.
Additionally, increasing defense spending by the various governments across the globe and growing terrorist activities is further expected to positively influence the market growth during the forecast period.Furthermore, associated advantages with the UAVs such as small & compact size, ease of use, affordability, visual superiority, among others are anticipated to fuel the market growth.
Moreover, technological advancements and incorporation of technologies such as AI, LiDAR, among others in the unmanned aerial vehicles is expected to create lucrative opportunities for the market growth over the next few years.However, strict air space regulations can hamper the market growth during the forecast period.
Also, air traffic management issues can further impede the market growth.
The Global Unmanned Aerial Vehicle Market is segmented based on class, type, energy source, mode of operation, range, MTOW, end-user industry, company and region.Based on class, the market can be categorized into small UAV, tactical UAV, strategic UAV and special purpose UAV.
The small UAV segment is expected to dominate the market owing to the increasing demand for these UAVs from the defense sector for use in surveillance and scouting.Additionally, increasing use of these UAVs in various commercial applications such as precision agriculture, photography, delivery, among others is further expected to drive the segmental growth.
Based on range, the market can be fragmented into visual line of sight (VLOS), extended visual line of sight (EVLOS) and beyond line of sight (BLOS). The BLOS segment is expected to dominate the market on account of the increasing use of UAVs in commercial and consumer applications.
Regionally, the Global Unmanned Aerial Vehicle Market has been segmented into various regions including Asia-Pacific, North America, South America, Europe, and Middle East & Africa. Among these regions, North America is expected to dominate the significant growth in the overall unmanned aerial vehicle market owing to the widespread use of unmanned aerial vehicles in border and maritime security and surveillance activities especially in the countries like U.S. and Canada.
The major players operating in the Global Unmanned Aerial Vehicle Market are NVIDIA Corporation, Alphabet Inc., Intel Corporation, IBM Corporation, Microsoft Corporation, Harman International Industries Inc., Xilinx Inc., Qualcomm Inc., Tesla Inc., Volvo Car Corporation and others. Major companies are developing advanced technologies and launching new products in order to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new product developments.
Years considered for this report:
Historical Years: 2016-2019
Base Year: 2020
Estimated Year: 2021
Forecast Period: 2022–2026
Objective of the Study:
• To analyze and estimate the market size of the Global Unmanned Aerial Vehicle Market from 2016 to 2019.
• To estimate and forecast the market size of the Global Unmanned Aerial Vehicle Market from 2020 to 2026 and growth rate until 2026.
• To classify and forecast the Global Unmanned Aerial Vehicle Market based on class, type, energy source, mode of operation, range, MTOW, end-user industry, company and regional distribution.
• To identify dominant region or segment in the Global Unmanned Aerial Vehicle Market.
• To identify drivers and challenges for the Global Unmanned Aerial Vehicle Market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in the Global Unmanned Aerial Vehicle Market.
• To identify and analyze the profile of leading players operating in the Global Unmanned Aerial Vehicle Market.
• To identify key sustainable strategies adopted by market players in the Global Unmanned Aerial Vehicle Market.
The analyst performed both primary as well as exhaustive secondary research for this study.Initially, the analyst sourced a list of manufacturers across the globe.
Subsequently, the analyst conducted primary research surveys with the identified companies.While interviewing, the respondents were also enquired about their competitors.
Through this technique, the analyst could include the manufacturers which could not be identified due to the limitations of secondary research. The analyst examined the manufacturers, distribution channels and presence of all major players across the globe.
The analyst calculated the market size of the Global Unmanned Aerial Vehicle Market by using a bottom-up approach, wherein the data for various end-user segments was recorded and forecast for the future years. The analyst sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size.
Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by the analyst.
Key Target Audience:
• Unmanned aerial vehicle manufacturers/ suppliers/ distributors
• Market research and consulting firms
• Government bodies such as regulating authorities and policy makers
• Organizations, forums and alliances related to unmanned aerial vehicle
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers and partners, end-users, etc., besides allowing them in strategizing investments and capitalizing on the market opportunities.
In this report, the Global Unmanned Aerial Vehicle Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
• Global Unmanned Aerial Vehicle Market, By Class:
o Small UAV
o Tactical UAV
o Strategic UAV
o Special Purpose UAV
• Global Unmanned Aerial Vehicle Market, By Type:
o Fixed-wing UAVs
o Fixed-wing VTOL UAVs
o Rotary-wing UAVs
• Global Unmanned Aerial Vehicle Market, By Energy Source:
o Lithium-Ion Battery
o Hybrid Cell
o Solar Cell
o Fuel Cell
• Global Unmanned Aerial Vehicle Market, By Mode of Operation:
o Remotely Piloted
o Optionally Piloted
o Fully Autonomous
• Global Unmanned Aerial Vehicle Market, By Range:
o Visual Line of Sight (VLOS)
o Extended Visual Line of Sight (EVLOS)
o Beyond Line of Sight (BLOS)
• Global Unmanned Aerial Vehicle Market, By MTOW:
o <25 Kilograms
o 25-170 Kilograms
o >170 Kilograms
• Global Unmanned Aerial Vehicle Market, By End-User Industry:
o Defense & Security
o Logistics & Transportation
o Energy & Power
o Construction & Mining
o Media & Entertainment
o Wildlife & Forestry
o Academics & Research
• Global Unmanned Aerial Vehicle Market, By Region:
o North America
o Middle East & Africa
o South America
Company Profiles: Detailed analysis of the major companies present in the Global Unmanned Aerial Vehicle Market.
With the given market data, we offers customizations according to a company’s specific needs. The following customization options are available for the report:
• Detailed analysis and profiling of additional market players (up to five).
Read the full report: https://www.reportlinker.com/p06020635/?utm_source=GNW
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