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Pages: 240 |
Aug 2022 |
Drones are a valuable addition to any industrial facility’s efforts, enabling limitless aerial perspective. The possibilities for drones to create real value are endless. Drones open up new opportunities and generate efficiencies in various industries such as defense, mining, sea ports, oil & gas, and other large industrial facilities. They have emerged as incredibly powerful, versatile industrial tools capable of completing a wide range of applications. Industry professionals are increasingly using drones to improve and optimize industrial processes as well as enhance operational efficiencies. Drones can be used during various phases of the facility’s lifecycle in manufacturing plants. The nearly limitless visibility, data gathering and analyzing capabilities make automated drones valuable for various industry sectors.
For instance, in solar energy production the output of solar panels decreases at a rate of 0.5% to 3% each year. Timely detection of such defects is important to fix anomalies to avoid severe drops in energy production. However, the conventional inspection method of walking through the solar farm with handheld cameras is not efficient enough and is highly time consuming.
A drones equipped with a thermal camera can inspect a solar farm with higher speed and accuracy. The data gathered can be analyzed to detect faults and streamline workflows in significantly less time. Aerial inspection by drone with thermal cameras capture in-depth infrared signatures and hot spots of defective panels which helps to detect anomalies and proactively address them to minimize maintenance cost and downtime. Drones inspections provide the capability to maximize output of solar farms in relatively less time and lower costs. Drones with thermal camera provide accurate heat maps that enable customers to proactively address anomalies and maximize output. These drones typically reduce the time and cost required for inspection by up to 60%.
The North America UAV drones market accounted $6,404.3 million in 2021 and is projected to grow with a CAGR of 16.8%. The growth of the North American market is mainly driven by increasing adoption of drones in the commercial sector for various operational uses such as delivering products to the consumers at their respective regions.
Unmanned Aerial Vehicle (UAV) drone, is military aircraft that is guided autonomously, by remote control, or both and that carries sensors, target designators, offensive ordnance, or electronic transmitters designed to interfere with or destroy enemy targets. They are not loaded by crew, life-support systems, and the design-safety requirements of manned aircraft, thus UAVs can be remarkably efficient, offering substantially greater range and endurance than equivalent manned systems.
COVID-19 impact on UAV drones market the pre-pandemic period saw global demand for drones rise rapidly owing to their diverse application portfolio across a wide range of industries. However, as the COVID-19 epidemic hit, industrial activity around the world slowed down resulting in a decline in demand for drones. Since demand is driven by end-use industries that use drones primarily for procurement purposes, curbs on non-essential industrial activity caused demand to fall.
Despite the tepid short-term prospects, increased investments in technology are expected to fuel long-term market growth. Though somewhat restrained presently, the UAV drones market demand would continue to be driven by increased demand for data (drone-generated) in commercial applications and key technological advancements, as well as expected venture funding in UAV drones. The current pace of technological developments is expected to open new avenues for increased adoption of UAV drones for an extended number of applications across both military and commercial sectors.
In disaster management, drones are immensely useful as they provide a birds-eye view of the entire affected area in a very short time. Drones transmit real-time videos to first responders providing real-time knowledge of the situation. This helps them understand about the extent of damage inflicted on infrastructure, the state of transportation and logistics. Drones feeds can also help in the location of stranded and trapped survivors. This helps the disaster management team to efficiently plan rescue missions and use their resources effectively. In disaster management, drones can also assist in directing stranded people to safe locations and even drop first-aid medical supplies.
Like recreational drones, commercial unmanned aerial vehicles rely on global positioning technology for navigation. This gives controllers an accurate data on the location of a vehicle, even at a significant distance. The issue, however is that the GPS can fail to alert controllers of what is in the surrounding area. Without the ability to recognize other airborne objects, unmanned aerial vehicles can interfere with the flight patterns of other aircraft and pose potential safety threats. However, geo-fencing helps to address this issue by creating a virtual fence that drones adhere to. These programmed no-fly zones keep unmanned systems away from restricted areas and heights where they could interrupt manned aircraft activity.
Changes in government policies, as well as an increase in the number of exceptions granted to businesses for the commercial use of UAV drones, are driving the market growth. For instance, the new liberalized drones rules announced by the Government of India in 2021, gave wings to the budding drone industry. On August 25, 2021, the Drones Rules 2021 relaxed approvals and other requirements for unmanned aircraft systems to make it easier for civilian drones operators to do business. Thus, such relaxations will help boost the drones market further. During the pandemic, vaccines were delivered to remote villages by means of drones in Telangana, India.
Based on product type, the UAV drones market has been divided into fixed-wing, rotary blade, and hybrid. The fixed-wing sub-segment is projected to generate the maximum revenue and the rotary blade sub-segment is predicted to show the fastest growth.
The fixed-wing sub-type is anticipated to have a dominant market share and generate a revenue of $72,052.9 million by 2030, growing from $14,174.4 million in 2021. Fixed-wing drones are most commonly used as they can fly for longer hours than other drones, which is predicted to drive the sub-segment growth in the estimated period.
The rotary blade sub-type is anticipated to show the fastest growth and shall generate a revenue of $25,739.6 million by 2030, increasing from $4,648.5 million in 2021. Rotatory blade rotates around a central mass, forcing air downward and creating a vertical lift. These drones are mostly designed according to a helicopter and adorn rotary blades similar to it. Moreover, the use of rotary blade drones is significantly rising in various industries. Therefore, the increasing use of rotary blade drones is predicted to drive the sub-segment growth in the projected timeframe.
On the basis of end-use, the market has been sub-segmented into military & defense, retail, construction, agriculture, entertainment, law enforcement, and others. The military & defense sub-segment is projected to generate the maximum revenue and the agriculture sub-segment is predicted to have the fastest growth.
The military & defense sub-type is anticipated to have a dominant market share and generate a revenue of $65,298.5 million by 2030, growing from $ 12,862.1 million in 2021. Increasing use of drones in the military & defense sector for performing various operation across the border lines is predicted to boost the sub-segment growth in the estimated period.
The agriculture sub-type is anticipated to show the fastest growth and shall generate a revenue of $5,925.7 million by 2030, increasing from $952.1 million in 2021. Rise in the demand for drones in agriculture for monitoring the effect of fertilizers, pesticides, water, and seeds in the farmland is predicted to boost the sub-segment growth in the forecast period.
On the basis of end-use industry, the market has been sub-segmented into military, consumer, and civil/commercial. Among these, the consumer sub-segment is predicted to have the fastest growth rate along with the military sub-segment is predicted to hold highest market share.
The consumer sub-type is anticipated to show the fastest growth and shall generate a revenue of $19,953.4 million by 2030, increasing from $3,598.0 million in 2021. Consumer sub-segment is predicted to grow due to the increase in the adoption of drones by consumers for various uses. For instance, increasing adoption of drones in the government sector to ensure that people are following the laws and rules is predicted to drive the sub-segment growth.
The military sub-type is anticipated to have a dominant market share and generate a revenue of $68,327.3 million by 2030, growing from $13,507.8 million in 2021. The military and defense sector uses drones for various operations such as surveillance, search and rescue, weather monitoring, and firefighting, which is predicted to drive the sub-segment growth in the estimated period.
The UAV drones market was investigated across North America, Europe, Asia-Pacific, and LAMEA.
The North America UAV drones market accounted $6,404.3 million in 2021 and is projected to grow with a CAGR of 16.8%. The growth of the North American market is mainly driven by the increasing adoption of drones in the commercial sector for various operational uses such as delivering products to the consumers at their respective location. In addition, presence of large number of drones manufacturing companies along with rise in the research and development of drones is predicted to create more investment opportunities for major players operating in the UAV drones market in North America region in the estimated period. For instance, in February 2021, General Atomics Aeronautical Systems, Inc., a U.S. based drone manufacturing company, and GKN Aerospace, a British multinational automotive and aerospace manufacturer, signed a contract for GKN Aerospace to manufacture advanced composite V-tails for GA-ASI’s new MQ-9B SkyGuardian Remotely Piloted Aircraft System (RPAS) in the U.K.
The Asia-Pacific UAV drones market registered a revenue of $6,192.6 million in 2021 and is anticipated to grow at a CAGR of 21.2% in the forecast period. Rise in the manufacturing of Original Equipment Manufacturers (OEMs) towards the development of UAV drones is predicted to be the major driving factor for the regional market in the estimated period. Moreover, rise in the use of the drones in the agriculture sector to monitor the cultivation process and yield better results is predicted to boost the regional market in the estimated period.
On July 27, 2022, Thales Defense & Security, Inc. (TDSI) acquired full ownership of Advanced Acoustic Concepts (AAC), and their joint venture with Leonardo DRS. As a U.S. industry contractor, AAC has a history of providing successful, innovative systems and solutions across the U.S. Navy’s Undersea Warfare domain. With AAC, TDSI will increase its engineering and industrial footprint in the U.S. defense market, with reinforced U.S.-based teams and capabilities.
Some of the leading UAV drones market players are General Atomics, Northrop Grumman, Textron Inc., Boeing, DJI, Parrot Drone SAS, 3D Robotics Inc., Aeryon Labs Inc., Aerovironment, Inc., and Thales.
| Aspect | Particulars |
| Historical Market Estimations | 2020 |
| Base Year for Market Estimation | 2021 |
| Forecast Timeline for Market Projection | 2022-2030 |
| Geographical Scope | North America, Europe, Asia-Pacific, LAMEA |
| Segmentation by Product Type |
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| Segmentation by End-Use |
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| Segmentation by End-Use Industry |
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| Key Companies Profiled |
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1.Research Methodology
1.1.Desk Research
1.2.Real time insights and validation
1.3.Forecast model
1.4.Assumptions and forecast parameters
1.5.Market size estimation
1.5.1.Top-down approach
1.5.2.Bottom-up approach
2.Report Scope
2.1.Market definition
2.2.Key objectives of the study
2.3.Report overview
2.4.Market segmentation
2.5.Overview of the impact of COVID-19 on Global UAV Drones Market
3.Executive Summary
4.Market Overview
4.1.Introduction
4.2.Growth impact forces
4.2.1.Drivers
4.2.2.Restraints
4.2.3.Opportunities
4.3.Market value chain analysis
4.3.1.List of raw material suppliers
4.3.2.List of manufacturers
4.3.3.List of distributors
4.4.Innovation & sustainability matrices
4.4.1.Technology matrix
4.4.2.Regulatory matrix
4.5.Porter’s five forces analysis
4.5.1.Bargaining power of suppliers
4.5.2.Bargaining power of consumers
4.5.3.Threat of substitutes
4.5.4.Threat of new entrants
4.5.5.Competitive rivalry intensity
4.6.PESTLE analysis
4.6.1.Political
4.6.2.Economical
4.6.3.Social
4.6.4.Technological
4.6.5.Environmental
4.7.Impact of COVID-19 on Global UAV Drones Market
4.7.1.Pre-covid market scenario
4.7.2.Post-covid market scenario
5.UAV Drones Market Analysis, by Product Type
5.1.Overview
5.1.1.Fixed-Wing
5.1.1.1.Definition, key trends, growth factors, and opportunities, 2021-2030
5.1.1.2.Market size analysis, by region, 2021-2030
5.1.1.3.Market share analysis, by country, 2021-2030
5.1.2.Rotary Blade
5.1.2.1.Definition, key trends, growth factors, and opportunities, 2021-2030
5.1.2.2.Market size analysis, by region, 2021-2030
5.1.2.3.Market share analysis, by country, 2021-2030
5.1.3.Hybrid
5.1.3.1.Definition, key trends, growth factors, and opportunities, 2021-2030
5.1.3.2.Market size analysis, by region, 2021-2030
5.1.3.3.Market share analysis, by country, 2021-2030
5.2.Research Dive Exclusive Insights
5.2.1.Market attractiveness, 2021-2030
5.2.2.Competition heatmap, 2021-2030
6.UAV Drones Market Analysis, by End-Use
6.1.Overview
6.1.1.Military & Defense
6.1.1.1.Definition, key trends, growth factors, and opportunities, 2021-2030
6.1.1.2.Market size analysis, by region, 2021-2030
6.1.1.3.Market share analysis, by country, 2021-2030
6.1.2.Retail
6.1.2.1.Definition, key trends, growth factors, and opportunities, 2021-2030
6.1.2.2.Market size analysis, by region, 2021-2030
6.1.2.3.Market share analysis, by country, 2021-2030
6.1.3.Construction6.1.3.1.Definition, key trends, growth factors, and opportunities, 2021-2030
6.1.3.2.Market size analysis, by region, 2021-2030
6.1.3.3.Market share analysis, by country, 2021-2030
6.1.4.Agriculture
6.1.4.1.Definition, key trends, growth factors, and opportunities, 2021-2030
6.1.4.2.Market size analysis, by region, 2021-2030
6.1.4.3.Market share analysis, by country, 2021-2030
6.1.5.Entertainment
6.1.5.1.Definition, key trends, growth factors, and opportunities, 2021-2030
6.1.5.2.Market size analysis, by region, 2021-2030
6.1.5.3.Market share analysis, by country, 2021-2030
6.1.6.Law enforcement
6.1.6.1.Definition, key trends, growth factors, and opportunities, 2021-2030
6.1.6.2.Market size analysis, by region, 2021-2030
6.1.6.3.Market share analysis, by country, 2021-2030
6.1.7.Others
6.1.7.1.Definition, key trends, growth factors, and opportunities, 2021-2030
6.1.7.2.Market size analysis, by region, 2021-2030
6.1.7.3.Market share analysis, by country, 2021-2030
6.2.Research Dive Exclusive Insights
6.2.1.Market attractiveness, 2021-2030
6.2.2.Competition heatmap, 2021-2030
7.UAV Drones Market Analysis, By End-Use Industry
7.1.Overview
7.1.1.Military
7.1.1.1.Definition, key trends, growth factors, and opportunities, 2021-2030
7.1.1.2.Market size analysis, by region, 2021-2030
7.1.1.3.Market share analysis, by country, 2021-2030
7.1.2.Consumer
7.1.2.1.Definition, key trends, growth factors, and opportunities, 2021-2030
7.1.2.2.Market size analysis, by region, 2021-2030
7.1.2.3.Market share analysis, by country, 2021-2030
7.1.3.Civil or Commercial
7.1.3.1.Definition, key trends, growth factors, and opportunities, 2021-2030
7.1.3.2.Market size analysis, by region, 2021-2030
7.1.3.3.Market share analysis, by country, 2021-2030
7.2.Research Dive Exclusive Insights
7.2.1.Market attractiveness, 2021-2030
7.2.2.Competition heatmap, 2021-2030
8.UAV Drones Market Analysis, by Region
8.1.North America
8.1.1.U.S.
8.1.1.1.Market size analysis, by Product Type, 2021-2030
8.1.1.2.Market size analysis, by End-Use, 2021-2030
8.1.1.3.Market size analysis, by End-Use Industry, 2021-2030
8.1.2.Canada
8.1.2.1.Market size analysis, by Product Type, 2021-2030
8.1.2.2.Market size analysis, by End-Use, 2021-2030
8.1.2.3.Market size analysis, by End-Use Industry, 2021-2030
8.1.3.Mexico
8.1.3.1.Market size analysis, by Product Type, 2021-2030
8.1.3.2.Market size analysis, by End-Use, 2021-2030
8.1.3.3.Market size analysis, by End-Use Industry, 2021-2030
8.1.4.Research Dive Exclusive Insights
8.1.4.1.Market attractiveness, 2021-2030
8.1.4.2.Competition heatmap, 2021-2030
8.2.Europe
8.2.1.Germany , 2021-2030
8.2.1.1.Market size analysis, by Product Type, 2021-2030
8.2.1.2.Market size analysis, by End-Use, 2021-2030
8.2.1.3.Market size analysis, by End-Use Industry, 2021-2030
8.2.2.UK
8.2.2.1.Market size analysis, by Product Type, 2021-2030
8.2.2.2.Market size analysis, by End-Use, 2021-2030
8.2.2.3.Market size analysis, by End-Use Industry, 2021-2030
8.2.3.France
8.2.3.1.Market size analysis, by Product Type, 2021-2030
8.2.3.2.Market size analysis, by End-Use, 2021-2030
8.2.3.3.Market size analysis, by End-Use Industry, 2021-2030
8.2.4.Spain
8.2.4.1.Market size analysis, by Product Type, 2021-2030
8.2.4.2.Market size analysis, by End-Use, 2021-2030
8.2.4.3.Market size analysis, by End-Use Industry, 2021-2030
8.2.5.Italy
8.2.5.1.Market size analysis, by Product Type, 2021-2030
8.2.5.2.Market size analysis, by End-Use, 2021-2030
8.2.5.3.Market size analysis, by End-Use Industry, 2021-2030
8.2.6.Rest of Europe
8.2.6.1.Market size analysis, by Product Type, 2021-2030
8.2.6.2.Market size analysis, by End-Use, 2021-2030
8.2.6.3.Market size analysis, by End-Use Industry, 2021-2030
8.2.7.Research Dive Exclusive Insights
8.2.7.1.Market attractiveness, 2021-2030
8.2.7.2.Competition heatmap, 2021-2030
8.3.Asia-Pacific
8.3.1.China
8.3.1.1.Market size analysis, by Product Type, 2021-2030
8.3.1.2.Market size analysis, by End-Use, 2021-2030
8.3.1.3.Market size analysis, by End-Use Industry, 2021-2030
8.3.2.Japan
8.3.2.1.Market size analysis, by Product Type, 2021-2030
8.3.2.2.Market size analysis, by End-Use, 2021-2030
8.3.2.3.Market size analysis, by End-Use Industry, 2021-2030
8.3.3.India
8.3.3.1.Market size analysis, by Product Type, 2021-2030
8.3.3.2.Market size analysis, by End-Use, 2021-2030
8.3.3.3.Market size analysis, by End-Use Industry, 2021-2030
8.3.4.Australia
8.3.4.1.Market size analysis, by Product Type, 2021-2030
8.3.4.2.Market size analysis, by End-Use, 2021-2030
8.3.4.3.Market size analysis, by End-Use Industry, 2021-2030
8.3.5.South Korea
8.3.5.1.Market size analysis, by Product Type, 2021-2030
8.3.5.2.Market size analysis, by End-Use, 2021-2030
8.3.5.3.Market size analysis, by End-Use Industry, 2021-2030
8.3.6.Rest of Asia-Pacific
8.3.6.1.Market size analysis, by Product Type, 2021-2030
8.3.6.2.Market size analysis, by End-Use, 2021-2030
8.3.6.3.Market size analysis, by End-Use Industry, 2021-2030
8.3.7.Research Dive Exclusive Insights
8.3.7.1.Market attractiveness, 2021-2030
8.3.7.2.Competition heatmap, 2021-2030
8.4.LAMEA
8.4.1.Brazil
8.4.1.1.Market size analysis, by Product Type, 2021-2030
8.4.1.2.Market size analysis, by End-Use, 2021-2030
8.4.1.3.Market size analysis, by End-Use Industry, 2021-2030
8.4.2.Saudi Arabia
8.4.2.1.Market size analysis, by Product Type, 2021-2030
8.4.2.2.Market size analysis, by End-Use, 2021-2030
8.4.2.3.Market size analysis, by End-Use Industry, 2021-2030
8.4.3.UAE
8.4.3.1.Market size analysis, by Product Type, 2021-2030
8.4.3.2.Market size analysis, by End-Use, 2021-2030
8.4.3.3.Market size analysis, by End-Use Industry, 2021-2030
8.4.4.South Africa
8.4.4.1.Market size analysis, by Product Type, 2021-2030
8.4.4.2.Market size analysis, by End-Use, 2021-2030
8.4.4.3.Market size analysis, by End-Use Industry, 2021-2030
8.4.5.Rest of LAMEA
8.4.5.1.Market size analysis, by Product Type, 2021-2030
8.4.5.2.Market size analysis, by End-Use, 2021-2030
8.4.5.3.Market size analysis, by End-Use Industry, 2021-2030
8.4.6.Research Dive Exclusive Insights
8.4.6.1.Market attractiveness, 2021-2030
8.4.6.2.Competition heatmap, 2021-2030
9.Competitive Landscape
9.1.Top winning strategies, 2021
9.1.1.By strategy
9.1.2.By year
9.2.Strategic overview
9.3.Market share analysis, 2021
10.Company Profiles
10.1. General Atomic
10.1.1.Overview
10.1.2.Business segments
10.1.3.Product portfolio
10.1.4.Financial performance
10.1.5.Recent developments
10.1.6.SWOT analysis
10.2.Northrop Grumman
10.2.1.Overview
10.2.2.Business segments
10.2.3.Product portfolio
10.2.4.Financial performance
10.2.5.Recent developments
10.2.6.SWOT analysis
10.3.Textron Inc.
10.3.1.Overview
10.3.2.Business segments
10.3.3.Product portfolio
10.3.4.Financial performance
10.3.5.Recent developments
10.3.6.SWOT analysis
10.4. Boeing
10.4.1.Overview
10.4.2.Business segments
10.4.3.Product portfolio
10.4.4.Financial performance
10.4.5.Recent developments
10.4.6.SWOT analysis
10.5.DJI
10.5.1.Overview
10.5.2.Business segments
10.5.3.Product portfolio
10.5.4.Financial performance
10.5.5.Recent developments
10.5.6.SWOT analysis
10.6.Parrot Drone SAS
10.6.1.Overview
10.6.2.Business segments
10.6.3.Product portfolio
10.6.4.Financial performance
10.6.5.Recent developments
10.6.6.SWOT analysis
10.7.3D Robotics Inc.
10.7.1.Overview
10.7.2.Business segments
10.7.3.Product portfolio
10.7.4.Financial performance
10.7.5.Recent developments
10.7.6.SWOT analysis
10.8.Aeryon Labs Inc.
10.8.1.Overview
10.8.2.Business segments
10.8.3.Product portfolio
10.8.4.Financial performance
10.8.5.Recent developments
10.8.6.SWOT analysis
10.9.Aerovironment, Inc.
10.9.1.Overview
10.9.2.Business segments
10.9.3.Product portfolio
10.9.4.Financial performance
10.9.5.Recent developments
10.9.6.SWOT analysis
10.10.Thales
10.10.1.Overview
10.10.2.Business segments
10.10.3.Product portfolio
10.10.4.Financial performance
10.10.5.Recent developments
10.10.6.SWOT analysis
11.Appendix
11.1.Parent & peer market analysis
11.2.Premium insights from industry experts
11.3.Related reports
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