Unmanned Aircraft Systems Market
The use of AI in remotely piloted aircraft systems has not only increased their capabilities, but also allowed them to independently take off, navigate, capture data, transmit data, perform security surveillance, and analyse data. The expanding use of unmanned aerial systems (UAS) in military applications like surveillance, mapping, and combat operations is also driving the market forward. Demand for unmanned aerial systems (UAS), particularly micro air vehicles, has increased in the construction industry due to the rising requirement for surveying enormous land mass, which contains uneven ground and rocky impediments. Aerial photography’s rising popularity is also expected to boost the market between 2022 and 2027, as consumers buy high-performance drones to take pictures with the help of radio data link technology. The huge investment in UAS solutions during the Russia-Ukraine war has been a key element.
Having been valued at USD 26.89 Billion in 2022, the worldwide unmanned aircraft systems market is expected to reach USD 48.17 Billion by 2030, expanding at a CAGR (compound annual growth rate) of around 7.56% between 2023 and 2030.
Due to rising defence budgets in countries like Brazil, the demand for small UAS for ISR applications is expected to increase at a compound annual growth rate (CAGR) of 16.7% throughout the projected period. Small unmanned aerial vehicles (UAVs) are seeing expanding use in South American industries like surveying, mapping, mining, agriculture, and construction. Forecasts show that the Asia-Pacific area will expand at a compound annual growth rate of 16.65 percent over the next few years as a result of rising spending on military, commercial, and police operations in countries like China, India, and South Korea. These nations have set aside substantial sums of money to train their military and police forces.
In addition, rising economic development and improvements in the manufacturing industries, the construction sector, and others, as well as rising instances of interpersonal stand-offs, asymmetric warfare, terrorist activities, preparation for the forthcoming combats, and so on, are boosting market growth in the forecast period. Increased spending on defence and homeland security, particularly in the United States, as well as progress in the information technology and microelectronics industry, are expected to propel North America to the forefront of global market expansion by 2021, where it is projected to account for 33% of global growth.
Some of the leading players in global unmanned aircraft systems market are Northrop Grumman, General Atomics, Boeing, Textron Inc., SZ DJI, 3D Robotics, Parrot, and Aeryon Labs. Among these, General Atomics is the leading players in the global unmanned aircraft systems market. It has its products operating for the US force.The company has also proved its mettle in the countries like Iraq, Pakistan, Afghanistan, Syria, Libya, and Yemen. With its wide range of product portfolios, right from unmanned aircraft vehicle platforms, ground control stations, and sensor systems, it is reigning in the market among the competitors with strategies and tactics.
Unmanned Aircraft Systems Market Key Players
- Northrop Grumman
- General Atomics
- Boeing
- Textron Inc.
- SZ DJI
- 3D Robotics
- Parrot
- Aeryon Labs
The global unmanned aircraft systems market is segmented as follows:
By Range
- Beyond Line Of Sight
- Extended Visual Line Of Sight
- Visual Line Of Sight
By System
- Payload
- Airframe
- Software
- Propulsion
- Avionics
By Technology
- Semi Autonomous
- Remotely Operated
- Fully Autonomous
By Application
- Consumer
- Law & Government Enforcement
- Commercial
- Military
By Region
- North America
- The U.S.
- Canada
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
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