UAV Commercial Drone Market Size, Share & Growth Report 2031

Report Description

Global UAV Commercial Drone Market Outlook 2031

The global UAV commercial drone market size was USD 8.77 Billion in 2022 and is expected to reach USD 69.30 Billion by 2031 expand at a robust CAGR 25.82% during the forecasted period of 2023-2031. UAVs are well-equipped with high-level computers and advanced technology that help the vehicle fly without any men onboard.

The UAV commercial drones are operated remotely using several computerized controlled panels from ground-based staffs and are primarily used for various commercial purposes such as transport or delivery. These drones are further employed for other business operations to ensure effective and efficient production along with security navigation of their production units.

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UAV Commercial Drone Market Trends, Drivers, Restraints, and Opportunities

• High demand for the UAVs commercial drones due to the wide update of innovative technology and increasing adoption in various domains including recreational present key drivers of the market.
• Wide adoption of UAVs for surveillance due to an increase in the incidence of enemy trespassing and border crossing are, thus, fueling the market.
• Rising awareness among business organizations about wide applications across industries such as construction, mining, oil & gas, and agriculture acts as a major driver of the market.
• Stringent government regulations against the use of airspace to avoid accidental damages and lack of uniform regulations among countries are major challenges that can impede the market growth.

Scope of The UAV Commercial Drone Market​​​​​​​ Report:

The report of the global UAV commercial drone market includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.

Global UAV Commercial Drone Market Segment Insight

Small UAV segment to grow rapidly

Based on classes, the market is segmented into small UAVs, strategic UAVs, tactical UAVs, and special purpose UAVs. The small UAVs is projected to grow rapidly in the coming years as these types of drones are mostly adopted for several commercial applications across industries. They are generally used for security, monitoring, and surveillance purposes of various production units of companies.

High usage of small UAVs for commercial applications such as agriculture, mapping, surveying, and logistics around the globe is a key driver of the segment growth.

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Remotely operated and fully autonomous segment to hold large market share

In terms of technology, the global UAV commercial drone market is segregated into remotely operated, semi-autonomous, and fully-autonomous. The remotely operated and fully-autonomous segments are estimated to hold large market share in the coming years. Fully autonomous UAVs involve command delivery systems and flight planning systems, which are programmed with a flight route and range chosen before the procedure.

It is fully controlled by the UAVs without an outside command from the ground operator. These are mission-based high payload UAVs designed for particular operations. On the other hand, the remotely operated UAVs are operated for several application of low range areas such as agriculture, forest monitoring, and aerial mapping using the remotely operated technology.

Avionics segment to expand at a robust CAGR

On the basis of systems, the market is fragmented into UAV airframe, UAV payloads, UAV avionics, UAV propulsion, and UAV software. The UAV avionics segment is expected to expand at a robust CAGR during the forecast period owing to the implementation of a modern electronics system, path control, and automated flight management system.

Many companies are aiming on enhancing their navigation systems based on the global navigation satellite system (GNSS) to increase the flight efficiency. This development leads to improve detection of targeted objects and facilitate efficient flight control operations, as these software systems offer precise and fully operational real-time, airspeed, and altitude detection.

Military segment to hold significant market share

In terms of applications, the UAV commercial drone market is classified as military, commercial, and recreational. The military segment is anticipated to hold a significant share of the market due to the increase in the demand for tactical UAVs and strategic UAVs for military application.

Numerous countries have increased their purchase of special purpose UAVs such as medium altitude long endurance (MALE) UAVs and high-altitude long endurance (HALE) UAVs for various missions. This, in turn, drives the military segment.

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North America to account for significant market share

In terms of regions, the global UAV commercial drone market is divided into Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America accounted for a dominant share of the global market in 2020, followed by Europe, due to wide investment in UAVs technology among major economies of the regions.

Increasing use of drones in infrastructure surveys, aerial mapping, forest monitoring, and other military applications especially in the US are key aspects of the market growth of the regions. The market in Europe is anticipated to grow significantly due to increasing demand for UAV cameras, software, avionics, and navigation systems and the presence of key technology companies, such as Parrot Drones and Delair in the region.

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