Global Unmanned Defense Aerial Vehicle Market Major Players 2024, Forecast To 2033
22 Jan, 2024
The unmanned defense aerial vehicle market has shown robust growth, increasing from $15.16 billion in 2023 to $16.52 billion in 2024, marking a 9.0% CAGR. Historical drivers include military modernization, counterterrorism, improved surveillance, and technological advancements. Forecasts suggest strong growth to $23.34 billion in 2028, with a 9.0% CAGR. Growth is attributed to armed UAV adoption, counter-drone technologies, geopolitical tensions, and urban warfare. Major trends involve electromagnetic warfare, hybrid-electric UAVs, environmental adaptation, maritime, and submarine operations.
Global Unmanned Defense Aerial Vehicle Market Key Driver
The anticipated rise in defense spending on unmanned technologies is poised to drive growth in the unmanned defense aerial vehicle market. The US defense procurement budget is projected to increase from $2.5 billion in 2020 to around $3.3 billion by the end of 2030. This escalation in research and development (R&D) investments within the defense sector for unmanned technologies is expected to significantly boost revenues in the unmanned defense aerial vehicles market in the coming years.
Get A Free Sample Of The Global Unmanned Defense Aerial Vehicle Market ReportGlobal Unmanned Defense Aerial Vehicle Market Segments
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
By Geography: The regions covered in the unmanned defense aerial vehicle market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions
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
Major Unmanned Defense Aerial Vehicle Industry Players
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.
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Unmanned Defense Aerial Vehicle Market Overview
Unmanned defense aerial vehicle refers to drones and aircraft with no onboard humans that are guided autonomously, used in defense operations. UAVs carry sensors, target designators, aircraft ordnance such as ATGMs, missiles, bombs, or electronic transmitters that are designed to destroy enemy targets in defense applications.
Unmanned Defense Aerial Vehicle Global Market Report 2023 provides data on the global unmanned defense aerial vehicle market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The unmanned defense aerial vehicle market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.