PUBLISHER: Grand View Research | PRODUCT CODE: 1300971
PUBLISHER: Grand View Research | PRODUCT CODE: 1300971
Commercial UAV Market Size, Share & Trends Analysis Report By Product (Fixed Wing, Rotary Blade, Nano, Hybrid), By Application (Agriculture, Energy, Government, Media & Entertainment, Construction), By Region, And Segment Forecasts, 2023 - 2030
Commercial UAV Market Growth & Trends
The global commercial UAV market size is estimated to reach USD 41,781.7 million by 2030, registering a CAGR of 19.5% from 2023 to 2030, according to a new report by Grand View Research, Inc. The significant growth can be ascribed to a considerable increase in the application of commercial UAVs across several industry verticals globally. UAVs are being extensively utilized across various domains, including construction, agriculture, media, entertainment, retail, government, and energy, among others.
Commercial UAVs were initially developed for the military and aerospace industries. However, they are being increasingly adopted as an entertainment tool for capturing high-quality and innovative videos and footage of events, natural landscapes, or urban landscapes. Moreover, they are also finding critical applications across businesses and industries to create better and more efficient processes, thereby creating new growth avenues for the market for commercial UAVs.
The commercial applications of drones are not limited to simple surveillance or footage. In the construction sector, they are used in real estate, land development, and civil engineering projects. They help in expediting the topographic surveying process comprising land planning, development, and management. In the agriculture domain, commercial UAVs allow farmers to efficiently manage their farms and collect important data related to crops in real time.
As commercial UAVs transform conventional business and industrial processes, they are set to create new ways for smart AI-powered operations for increased productivity. In December 2022, innovative logistics company Drone Express partnered with Microsoft to release the latest version of their DE-2020 drone using artificial intelligence for in-flight navigation systems. As part of this strategic initiative, the delivery drones will be equipped with Microsoft Azure to host the AI solutions and leverage Azure Machine Learning to train machine learning models.
Commercial UAV Market Report Highlights
- In terms of product, the rotary blade segment accounted for over 68.0% of the revenue share in the market for commercial UAVs in 2022, owing to increasing demand driven by its easy maneuverability and compact design
- In terms of application, the government segment is estimated to record a CAGR of 22.3% over the forecast period, owing to the increasing application of UAVs in areas such as law enforcement, security and surveillance, R&D activities, disaster management, and environmental studies
- North America is expected to expand at a notable CAGR over the forecast period, aided by the strong presence of various major drone manufacturers in the region, coupled with a sharp increase in their commercial applications
- Major participants in the market such as AeroVironment Inc., DJI Innovations, Elbit Systems Ltd, Parrot SA, and Textron Inc. focus on strategies such as mergers & acquisitions and new product launches to strengthen their foothold
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Sources & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. Data Validation & Publishing
Chapter 2. Executive Summary
- 2.1. Market Snapshot
- 2.2. Segment Snapshot
- 2.3. Competitive Landscape
Chapter 3. Industry Outlook
- 3.1. Market Lineage Outlook
- 3.2. Industry Value Chain Analysis
- 3.3. Market Dynamics
- 3.3.1. Market driver analysis
- 3.3.2. Market restraint analysis
- 3.4. Commercial UAV Market: Technology Overview
- 3.5. Commercial UAV Market: COVID-19 Impact Analysis
- 3.6. Industry Analysis Tools
- 3.6.1. Porter's Five Forces Analysis
- 3.6.2. Macroeconomic Analysis
Chapter 4. Commercial UAV Market: Product Estimates & Trend Analysis
- 4.1. Product Movement Analysis & Market Share, 2022 & 2030
- 4.2. Commercial UAV Estimates & Forecast, By Product (USD Million)
- 4.2.1. Fixed Wing UAV
- 4.2.2. Rotary blade UAV
- 4.2.3. Nano UAV
- 4.2.4. Hybrid UAV
Chapter 5. Commercial UAV Market: Application Estimates & Trend Analysis
- 5.1. Application Movement Analysis & Market Share, 2022 & 2030
- 5.2. Commercial UAV Market Estimates & Forecast, By Application (USD Million)
- 5.2.1. Agriculture
- 5.2.2. Retail
- 5.2.3. Energy
- 5.2.4. Media & Entertainment
- 5.2.5. Construction
- 5.2.6. Government
- 5.2.7. Others
Chapter 6. Commercial UAV Market: Regional Estimates & Trend Analysis
- 6.1 Commercial UAV Market: Regional Outlook
- 6.2 North America
- 6.2.1 North America commercial UAV market estimates & forecasts, 2018 - 2030 (USD Million)
- 6.2.2 U.S.
- 6.2.2.1 U.S. commercial UAV market estimates & forecasts, 2018 - 2030 (USD Million)
- 6.2.3 Canada
- 6.2.3.1 Canada commercial UAV market estimates & forecasts, 2018 - 2030 (USD Million)
- 6.3 Europe
- 6.3.1 Europe commercial UAV market estimates & forecasts, 2018 - 2030 (USD Million)
- 6.3.2 UK
- 6.3.2.1 UK commercial UAV market estimates & forecasts, 2018 - 2030 (USD Million)
- 6.3.3 Germany
- 6.3.3.1 Germany commercial UAV market estimates & forecasts, 2018 - 2030 (USD Million)
- 6.3.4 France
- 6.3.4.1 France commercial UAV market estimates & forecasts, 2018 - 2030 (USD Million)
- 6.3.5 Italy
- 6.3.5.1 Italy commercial UAV market estimates & forecasts, 2018 - 2030 (USD Million)
- 6.4 ASIA PACIFIC
- 6.4.1 Asia Pacific commercial UAV market estimates & forecasts, 2018 - 2030 (USD Million)
- 6.4.2 China
- 6.4.2.1 China commercial UAV market estimates & forecasts, 2018 - 2030 (USD Million)
- 6.4.3 Japan
- 6.4.3.1 Japan commercial UAV market estimates & forecasts, 2018 - 2030 (USD Million)
- 6.4.4 South Korea
- 6.4.4.1 South Korea commercial UAV market estimates & forecasts, 2018 - 2030 (USD Million)
- 6.4.5 Australia
- 6.4.5.1 Australia commercial UAV market estimates & forecasts, 2018 - 2030 (USD Million)
- 6.5 Latin America
- 6.5.1 Latin America commercial UAV market estimates & forecasts, 2018 - 2030 (USD Million)
- 6.5.2 Brazil
- 6.5.2.1 Brazil commercial UAV market estimates & forecasts, 2018 - 2030 (USD Million)
- 6.5.3 Mexico
- 6.5.3.1 Mexico commercial UAV market estimates & forecasts, 2018 - 2030 (USD Million)
- 6.6 Middle East and Africa (MEA)
- 6.6.1 MEA commercial UAV market estimates & forecasts, 2018 - 2030 (USD Million)
- 6.5.2 UAE
- 6.5.2.1 UAE commercial UAV market estimates & forecasts, 2018 - 2030 (USD Million)
- 6.5.3 Israel
- 6.5.3.1 Israel commercial UAV market estimates & forecasts, 2018 - 2030 (USD Million)
- 6.5.4 South Africa
- 6.5.4.1 South Africa commercial UAV market estimates & forecasts, 2018 - 2030 (USD Million)
Chapter 7. Competitive Landscape
- 7.1 Key Participants
- 7.1.1. AeroVironment Inc.
- 7.1.2. Aurora Flight
- 7.1.3. BAE Systems plc
- 7.1.4. Challis Heliplane UAV Inc.
- 7.1.5. DJI Innovations
- 7.1.6. Draganfly, Inc.
- 7.1.7. EHang
- 7.1.8. Elbit Systems Ltd.
- 7.1.9. General Dynamics Corporation
- 7.1.10. Israel Aerospace Industries
- 7.1.11. Parrot SA
- 7.1.12. Prox Dynamics AS
- 7.1.13. SAIC
- 7.1.14. Textron Inc.
- 7.1.15. The Boeing Company
- 7.1.16. Turkish Aerospace Industries Inc.
- 7.1.17. Yuneec Holding Ltd.
- 7.2 Recent Development & Impact, By Key Market Participants
- 7.3 Company Categorization
- 7.4 Participant's Overview
- 7.5 Financial Performance
- 7.6 Product Benchmarking
- 7.7 Company Heat Map Analysis
- 7.8 Company Market Share Analysis, 2022
- 7.9 Strategy Mapping
- 7.9.1 Expansions
- 7.9.2 Mergers & acquisitions
- 7.9.3 Collaborations
- 7.9.4 New product launches
- 7.9.4 Research & Development
List of Tables
- Table 1 Commercial UAV Market Revenue Estimates and Forecast, By Product, 2018 - 2030 (USD Million)
- Table 2 Commercial UAV Market Revenue Estimates and Forecast, By Application, 2018 - 2030 (USD Million)
- Table 3 Recent Developments & Impact Analysis, By Key Market Participants
- Table 4 Key company categorization
- Table 5 Company Heat Map Analysis
- Table 6 Key companies undergoing expansions
- Table 7 Key companies involved in mergers and acquisitions
- Table 8 Key companies undergoing collaborations
- Table 9 Key companies launching new products
- Table 10 Key Companies undertaking R&D activities
List of Figures
- Fig. 1 Commercial UAV Market Segmentation
- Fig. 2 Information Procurement
- Fig. 3 Data Analysis Models
- Fig. 4 Market Formulation and Validation
- Fig. 5 Data Validating & Publishing
- Fig. 6 Market Snapshot
- Fig. 7 Segment Snapshot
- Fig. 8 Competitive Landscape Snapshot
- Fig. 9 Commercial UAV Market Value, 2022 (USD Million)
- Fig. 10 Commercial UAV - Industry Value Chain Analysis
- Fig. 11 Commercial UAV Market Dynamics
- Fig. 12 Key Market Driver Impact
- Fig. 13 Key Market Restraint Impact
- Fig. 14 Commercial UAV Market: PORTER's Five Forces Analysis
- Fig. 15 Commercial UAV Market: Macroeconomic Analysis
- Fig. 16 Commercial UAV market, by product: Key takeaways
- Fig. 17 Product movement analysis & market share, 2022 & 2030 (USD Million)
- Fig. 18 Commercial UAV market, by application: Key takeaways
- Fig. 19 Application movement analysis & market share, 2022 & 2030 (USD Million)
- Fig. 20 Regional market size estimates & forecasts, 2022 & 2030 (USD Million)
- Fig. 21 Regional movement analysis & market share, 2022 & 2030 (USD Million)
- Fig. 22 Key Company Categorization
- Fig. 23 Company Market Share Analysis, 2022
- Fig. 24 Strategic framework
