The Unmanned Defense Aerial Vehicle Global Market Report 2023 by The Business Research Company, provides unmanned defense aerial vehicle market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
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According to The Business Research Company’s Unmanned Defense Aerial Vehicle Global Market Report 2023, the global unmanned defense aerial vehicle market size will grow from $13.09 billion in 2022 to $14.02 billion in 2023 at a compound annual growth rate (CAGR) of 7.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global unmanned defense aerial vehicle is expected to grow to $17.68 billion in 2027 at a CAGR of 6.0%.
Increasing spending on defense for unmanned technologies is predicted to contribute to the growth of the unmanned defense aerial vehicle market during the forecast period.
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The unmanned defense aerial vehicle market is segmented:
The global unmanned defense aerial vehicle market 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
The business expansion by key players operating in the industry is a leading trend in the unmanned defense aerial vehicle market. For instance, in June 2022, Garuda Aerospace, an India-based developer of unmanned aerial vehicles, announced that it has partnered with HiiLSE Drones, a company based in Malaysia, to build a 2.42-hectare drone factory there with a daily production capacity of about 50 drones. Garuda Aerospace intends to provide drone technologies to both the government and private sectors throughout the region and is anticipated to invest Rs 115 crore in the partnership Hence, the business expansions by leading players are shaping the unmanned defense aerial vehicle market.
The unmanned defense aerial vehicle market report table of contents includes:
1. Executive Summary
2. Unmanned Defense Aerial Vehicle Market Characteristics
3. Unmanned Defense Aerial Vehicle Market Trends And Strategies
4. Unmanned Defense Aerial Vehicle Market – Macro Economic Scenario
5. Unmanned Defense Aerial Vehicle Market Size And Growth
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26. Africa Unmanned Defense Aerial Vehicle Market
27. Unmanned Defense Aerial Vehicle Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Unmanned Defense Aerial Vehicle Market
29. Unmanned Defense Aerial Vehicle Market Future Outlook and Potential Analysis
30. Appendix
Top Major Players:
- Boeing
- BAE Systems
- PLC
- Elbit Systems
- General Atomics
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