The size of Unmanned Aerial Vehicles Market is estimated to be USD 12.39 billion in 2025, and is anticipated to reach USD 20.72 billion by 2030, at a CAGR of 10.84% during the forecast period (2025-2030).
Global unmanned aerial vehicle market is anticipated to grow at a high rate during the forecast period. The growth in the global unmanned aerial vehicle market is fuelled by the mounting use of unmanned aerial vehicles by various end user industries like defense & security, agriculture, retail, media & entertainment, etc. Also, mounting defense expenditures by the governments of various regions worldwide and expanding terrorist activities will further boost the market growth during the forecast period. In addition, related benefits with the UAVs like compact & small size, simplicity, affordability, visual excellence, among others are expected to drive the market growth. Additionally, technological innovation and integration of technologies like AI, LiDAR, among others in the unmanned aerial vehicles is expected to provide profitable opportunities for the market growth in the next few years. But stringent air space rules can slow down the market growth in the forecast period. Additionally, air traffic management problems can also hinder the market growth.
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The unmanned aerial vehicle market is classified on the basis of class, type, energy source, mode of operation, range, MTOW, end user industry, company and region. On the basis of class, the market can be divided into small UAV, tactical UAV, strategic UAV and special purpose UAV. The mini UAV segment is likely to lead the market due to growing demand for these UAVs from defense industry for surveillance and scouting purposes. Also, growing applications of these UAVs in numerous commercial sectors like precision farming, photography, delivery, etc. are further likely to boost the segmental growth. On the basis of range, the market can be divided into visual line of sight (VLOS), extended visual line of sight (EVLOS) and beyond line of sight (BLOS). The BLOS segment is anticipated to lead the market due to the rising adoption of UAVs in commercial and consumer usage.
Regionally, the unmanned aerial vehicle market
The major players operating in the unmanned aerial vehicle market are NVIDIA Corporation, Alphabet Inc., Intel Corporation, IBM Corporation, Microsoft Corporation, Harman International Industries Inc., Xilinx Inc., Qualcomm Inc.,
Objective of the Study
- To analyze and estimate the market size of global unmanned aerial vehicle market from 2018 to 2021.
- To estimate and forecast the market size of global unmanned aerial vehicle market from 2022 to 2028 and growth rate until 2028.
- To classify and forecast 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 global unmanned aerial vehicle market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global unmanned aerial vehicle market.
- To identify and analyze the profile of leading players operating in global unmanned aerial vehicle market.
- To identify key sustainable strategies adopted by market players in global unmanned aerial vehicle market.
MIR performed both primary as well as exhaustive secondary research for this study. Initially, MIR sourced a list of manufacturers across the globe. Subsequently, MIR conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, MIR could include the manufacturers which could not be identified due to the limitations of secondary research. MIR analyzed the manufacturers, distribution channels and presence of all major players across the globe.
MIR calculated the market size of
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 market opportunities.
Major players in the UAV (Drone) market include General Atomics Aeronautical Systems, Inc. (GA-ASI) (US), Northrop Grumman Corporation (US), Elbit Systems Ltd. (Israel), Israel Aerospace Industries Ltd. (Israel), SZ DJI Technology Co., Ltd.
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Attribute |
Details |
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Base Year |
2022 |
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Historical Years |
2018 – 2021 |
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Estimated Year |
2023 |
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Forecast Period |
2024 – 2028 |
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Quantitative Units |
Revenue in USD Million, Volume in Units, and CAGR for 2018-2022 and 2023-2028 |
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Report Coverage |
Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends |
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Segments Covered |
· Class · Type · Energy Source · Mode of Operation |
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Regional Scope |
North America; Asia Pacific; Europe & CIS; South America; Middle East & Africa |
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Country Scope |
United States; Canada; Mexico; China; India; Japan; Malaysia; Thailand; Indonesia; Vietnam; South Korea; Germany; France; United Kingdom; Spain; Italy; Belgium; Russia; Brazil; Argentina; Colombia; Saudi Arabia; UAE; South Africa; Egypt |
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Key Companies Profiled |
NVIDIA Corporation, Alphabet Inc., Intel Corporation, IBM Corporation, Microsoft Corporation, Harman International Industries Inc., Xilinx Inc., Qualcomm Inc., Tesla Inc., Volvo Car Corporation |
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Customization Scope |
10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
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Pricing and Purchase Options |
Avail customized purchase options to meet your exact research needs. Explore purchase options |
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Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
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