The Unmanned Commercial Aerial Vehicle Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2011-2022) and extends its insights into a ten-year forecast period (2024-2033).
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According to The Business Research Company’s Unmanned Commercial Aerial Vehicle Global Market Report 2024, The unmanned commercial aerial vehicle market size has grown exponentially in recent years. It will grow from $17.96 billion in 2023 to $21.77 billion in 2024 at a compound annual growth rate (CAGR) of 21.2%. The growth in the historic period can be attributed to military applications, cost efficiency, agricultural and environmental monitoring, search and rescue operations.
The unmanned commercial aerial vehicle market size is expected to see rapid growth in the next few years. It will grow to $36.22 billion in 2028 at a compound annual growth rate (CAGR) of 13.6%. The growth in the forecast period can be attributed to commercial delivery services, infrastructure inspection, surveillance and security, remote sensing and data collection, urban air mobility (uam). Major trends in the forecast period include autonomous operation, vertical takeoff and landing (vtol) ucavs, regulatory frameworks, hybrid and electric propulsion, urban airspace integration.
Increasing applications of unmanned aerial vehicles (UAVs) in the commercial sectors have contributed to the growth of the unmanned commercial aerial vehicle market. Faster delivery of goods and increasing transportation of products such as small packages, food, medical supplies, and others have 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 damaged assets, monitoring crops, collecting soil data and other high-risk and dangerous operations For instance, an agriculture drone, which is a UAV, empowers the farmer to adapt to specific environments and make mindful choices. Drone data aids in 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 vehicle market growth.
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The unmanned commercial aerial vehicle market covered in this report is segmented
1) By Segment: Fixed-Wing UAVs; Multi-Rotor Aerial Vehicles; Rotary Blade Type UAV
2) By Mode Of Operation: Remotely Piloted; Optionally Piloted; Fully Autonomous
3) By End-User: Agriculture; Energy; Public utilities; Construction; Media and Entertainment; Government; Others
The unmanned commercial aerial vehicle market report table of contents includes:
1. Executive Summary
2. Unmanned Commercial Aerial Vehicle Market Characteristics
3. Unmanned Commercial Aerial Vehicle Market Trends And Strategies
4. Unmanned Commercial Aerial Vehicle Market – Macro Economic Scenario
5. Global Unmanned Commercial Aerial Vehicle Market Size and Growth
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26. South America Unmanned Commercial Aerial Vehicle Market
27. Brazil Unmanned Commercial Aerial Vehicle Market
28. Middle East Unmanned Commercial Aerial Vehicle Market
29. Africa Unmanned Commercial Aerial Vehicle Market
30. Unmanned Commercial Aerial Vehicle Market Competitive Landscape And Company Profiles
Top Major Players:
- AeroVironment Inc
- BAE Systems PLC
- SZ DJI Technology Co. Ltd
- Elbit Systems Ltd
- General Atomics Aeronautical Systems Inc.
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