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Unmanned Aerial Vehicle (UAV) Market to Reach US$ 106.03 Billion by 2030

Using UAVs to deliver shipments of export cargo and import cargo in international trade.

Unmanned Aerial Vehicle (UAV) Market to Reach US$ 106.03 Billion by 2030

Global unmanned aerial vehicle (UAV) market was valued at US$ 56.7 Billion in 2021 and is estimated to reach a valuation of US$ 106.03 Billion by 2030 at a CAGR of 7.5% from 2022 to 2030.

Unmanned aerial vehicles or UAVs, have been in use for over two decades and are now seeing a growing demand from various businesses and governments. This is due to their numerous advantages, such as cost-effective operation and the ability to provide high-quality imagery and data. In fact, according to Astute Analytica, the global unmanned aerial vehicle market will grow at a CAGR of 7.5% during the forecast period 2022-2030.

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One of the key drivers of the global unmanned aerial vehicle (UAV) market is the increasing demand from industrial sectors, such as oil and gas, surveying and mapping, forestry, agriculture, and security. Additionally, government agencies are increasingly opting for unmanned aerial vehicles to reduce costs and improve efficiency. For instance, the US military has ordered more than 1,000 drones since 2017.

Drones are also becoming increasingly popular as tools for businesses and entrepreneurs. They can be used to capture footage and photos, monitor crops or property, and perform other tasks that would be difficult or impossible to do manually.

One of the biggest challenges facing the growth of drones is regulatory uncertainty. Many countries have not yet developed laws or regulations governing drone use, which presents a major obstacle to their widespread adoption. However, this uncertainty is beginning to dissipate as more countries adopt policies governing drone use.

Military & Defense Sector to Generate More than 21% Revenue of Unmanned Aerial Vehicle (UAV) Market

The military and defense sector is projected to generate more than 21% of the revenue generated by unmanned aerial vehicles in 2020. This increase is a result of increased demand for these devices, as well as the development of new applications for unmanned aerial vehicles. The market for unmanned aerial vehicles is growing rapidly, and this growth is expected to continue over the next few years. One of the main reasons for this growth is the increasing use of unmanned aerial vehicles in military operations. These devices are used to carry out surveillance and reconnaissance missions, as well as to conduct bombing and missile attacks. They are also used to provide support to ground troops during combat operations.

Moreover, increasing militancy and terrorism in various regions across the world has added fuel to the unmanned aerial vehicle (UAV) market growth. This has resulted in increased demand for surveillance capabilities, which in turn is fueling the adoption of UAVs across numerous industries. Another key factor driving this market is growing awareness regarding the benefits of UAVs across various sectors such as agriculture, security, and transportation.

The unmanned aerial vehicle (UAV) has come a long way in recent years, and there are many applications for this technology outside of military and defense. Some companies are using UAVs to help with mapping, surveying, crop monitoring and logistics. While there are many uses for UAVs, the military and defense industries continue to be some of the biggest proponents of this technology. Here are five countries that are investing heavily in UAVs for military and defense applications:

1. United States: The United States is one of the leading investors in unmanned aerial vehicle (UAV) market. They use them for reconnaissance purposes, as well as for bombing raids. However, the United States is also working on civilian applications for UAVs such as Amazon’s Prime Air project.

2. China: China has been making huge investments in UAV technology over the past few years. This has resulted in them becoming one of the leading manufacturers of these aircrafts. They use them primarily for military purposes, such as bombing targets and shooting down drones from other countries’ airspace.

3. Israel: Israel is another country that invests heavily in UAV technology. They use them extensively for reconnaissance purposes, as well as to attack enemy targets from a distance. Israeli soldiers have even been known to use UAVs to carry out surgical strikes on remote targets.

4. Russia: Russia is also a big player in the world of UAVs. They use them predominantly for military purposes.

Europe to Hold Over 36% Share of Unmanned Aerial Vehicle (UAV) Market

Europe is projected to hold over 36% share of the unmanned aerial vehicle (UAV) market, according to a new report by Astute Analytica.The demand for UAVs is expected to grow exponentially in the next few years because of their enhanced capabilities and applications in security, surveillance and mapping, as well as agricultural and environmental monitoring. Airbus SE, Boeing Co., Northrop Grumman Corp., Tianjin Haiguangping Aircraft Industry Holding Co. (THAIIC), and Israeli manufacturer Elbit Systems Ltd are some of the key players in this market.

These companies are engaged in a wide range of activities related to UAVs, including research and development, manufacturing, and sales and marketing. The market is forecast to grow steadily over the next few years, with the potential for considerable value creation for participants.

The key players in the European unmanned aerial vehicle (UAV) market are expected to benefit from strong growth across all segments of the industry. Aircraft manufacturers will see increased demand for unmanned aircraft systems (UAS) used for civil aviation applications such as mapping and cargo transport; while systems integrators will benefit from increased demand for fleet management and security services.

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Drone Industry to Witness Boom of 62% Between 2022 and 2030 in Unmanned Aerial Vehicle (UAV) Market

In a report released in October, Astute Analytica predicted that the drone industry will grow by 62% between now and 2030. The main contributors to this boom include the growth of civil unmanned aerial vehicles (UAVs) for administration, inspection, surveying, and mapping; as well as traditional military UAVs being applied in new missions such as firefighting and ambulance service.

There are three main reasons why we expect the drone industry to be so successful: increased safety and efficiency benefits; increased connectivity to infrastructure; and increased cost savings for businesses. Increased safety and efficiency benefits include improved situational awareness for users; eliminating or minimizing human error by reducing the need for human interaction with drones; streamlined processes by automating workflows in the global unmanned aerial vehicle (UAV) market; and greater precision thanks to GPS navigation capabilities. These benefits lead to significant cost savings for businesses – estimates from Astute Analytica put the potential savings at up to $135 billion over the next ten years.

Increased connectivity to infrastructure is another key factor behind the success of the drone industry. With more drones flying autonomously around us, there is an increasing need for efficient data sharing across networks. This brings us to another important benefit of the drone industry – increased accuracy of data due to better geographical co-ordination. This increased accuracy leads to wider applications in areas such as agriculture, forestry, mining, construction, land management, transportation planning, surveillance and search & rescue missions. All in all – we can expect even more enhanced opportunities.

Top Players in the Global Unmanned Aerial Vehicle (UAV) Market

  • Boeing
  • Elbit Systems
  • Northrop Grumman
  • Textron Inc.
  • BAE Systems Plc
  • Autel Robotics
  • 3D Robotics
  • General Atomics Aeronautical Systems
  • DJI Technology
  • Lockheed Martin Corporation
  • Saab AB
  • Israel Aerospace
  • FLIR Systems, Inc.
  • AeroVironment, Inc.
  • Delair
  • Yuneec
  • Holy Stone
  • Other Prominent Players

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About Astute Analytica

Astute Analytica is a global analytics and advisory company which has built a solid reputation in a short period, thanks to the tangible outcomes we have delivered to our clients. We pride ourselves in generating unparalleled, in depth and uncannily accurate estimates and projections for our very demanding clients spread across different verticals. We have a long list of satisfied and repeat clients from a wide spectrum including technology, healthcare, chemicals, semiconductors, FMCG, and many more. These happy customers come to us from all across the Globe. They are able to make well calibrated decisions and leverage highly lucrative opportunities while surmounting the fierce challenges all because we analyze for them the complex business environment, segment wise existing and emerging possibilities, technology formations, growth estimates, and even the strategic choices available. In short, a complete package. All this is possible because we have a highly qualified, competent, and experienced team of professionals comprising of business analysts, economists, consultants, and technology experts. In our list of priorities, you-our patron-come at the top. You can be sure of best cost-effective, value-added package from us, should you decide to engage with us.

drones market


The demand within the global drone logistics and transportation industry is rising at a stellar pace in recent times. The need for aviation and military drones has created a juggernaut of possibilities for growth within this market. Moreover, new applications of drones have come to the fore across several industries. This trend has paved way for increased investments to flow into the global drone logistics and transportation market.

That’s the conclusion of a recent review by Transparency Market Research (TMR), which decoded some of the leading factors pertaining to the growth of unmanned aerial vehicles (UAVs). According to TMR, the importance of aerial inspection of terrains for a multitude of industries has driven market demand. Technological enhancements in the structuring and functionalities of UAVs have additionally impelled demand.

The TMR review is not confined solely to logistics and transportation, as it also delves into the relevance of drones across military, aviation, construction and entertainment sectors.

Advancements in Military Technologies. The use of drones in the defense sector has gathered momentum in recent times. The need for increased surveillance and reconnaissance in the military industry has played to the advantage of the vendors operating in the global market. Increasing anarchy among regional territories has also generated humongous demand within the global drone market, which can therefore count on increased revenues in the years to follow.

Use of Drones in Site Inspections. The construction industry has become a haven of new possibilities and technologies. Drones are extensively used to oversee operations in that sector, with the need to inspect terrains and unexplored lands creating a boatload of possibilities within the market.

UAVs in Logistics and Transportation is Looking Up. Recent drone developments in the sector cited in the TMR review include:

-Rising investments in drones by the likes of Amazon, Walmart, Uber, Google, FedEx and UPS are ushering in technological advancements and design innovations.

-Drone strategies being employed by Uber Technologies Inc., Flirtey, Zipline International, Drone Delivery Canada and Matternet. When it comes to just the latter two, Drone Delivery Canada has agreed to serve Moose Cree First Nation communities, while Matternet and Boeing HorizonX Ventures have partnered in drone delivery as well.

-A Beijing-based online business firm, which since 2016 has operated under an agreement to deliver commercial drones in four main regions spread over China, being online to have built 150 drone delivery services in the southwestern Sichuan region by the end of this year.

-The same firm planning to expand to Japan and Indonesia.

-India’s Zomato, which took over the drone startup TechEagle, developing a hub-to-hub transportation service supported by hybrid multi-rotor drones.

The Bottom Line. The revenue index of the drone logistics and transportation market is projected to improve in the times to come. Learn more about this, including industry challenges, at:

More Drone Developments. Speaking of UPS, the Atlanta-based delivery and logistics giant earlier this year announced a series of new initiatives and partnerships aimed at upgrading its global logistics network that includes the expansion of drone operations in the healthcare sector. An initiative to test drone delivery use cases with Henry Schein, a worldwide distributor of medical and dental supplies, will allow UPS to focus on UAVs for one of its key business sectors. A huge factor in these tests will be ensuring successful deliveries of essential healthcare products to destinations where traditional road transport may be less effective or timely, such as remote communities or areas impacted by a natural disaster, according to UPS.

The UPS Flight Forward subsidiary drone business, which was only formed last year, received a highly-restricted air carrier certification from the Federal Aviation Administration (FAA) that allows for approved UPS drones to fly over people, at night and out of the operator’s line of sight. After granting UPS Flight Forward the special certification, the FAA authorized the company to operate a drone delivery program at WakeMed Hospital in Raleigh, North Carolina. Meanwhile, UPS in February expanded its Flight Forward service to the University of California at San Diego Health. That’s the result of another Mountain View, California-based Matternet partnership. That drone program will be used to transport various medical products between health centers and labs, with the drones following predetermined flight paths within visual line of sight per FAA rules. (Matt Coker)

Thank the Military Again. Yates Electrospace Corp. (YEC), whose Silent Arrow platform is bringing disruptive innovation to the heavy payload, unmanned cargo delivery market, announced the design completion and specifications of a wide-body version of its successful GD-2000 cargo delivery drone. With a full-scale, flight-ready version of the latter having been shown off at the Defense & Security Equipment International show in London in September 2019, the coming out for the GD-2000’s bigger sister is set for the July 20-24 run of the Farnborough International Airshow in the UK (coronavirus willing, of course).

Aliso Viejo, California-based YEC responded to real-time demand from U.S. and allied foreign government Special Operators, including the U.S. Army 160th Special Operations Aviation Regiment (SOAR), for the development of the new wide-body craft. It will be 60 percent larger than the standard Silent Arrow GD-2000, with a  2,000-pound gross weight; a 48-foot wingspan (among four spring-deployed wings that are stowed in a 3.5×3.5×13-foot fuselage); and a 140-cubic-foot cargo bay that can handle up to 1,250 pounds (or five times more weight in life-saving supplies, medicines and tactical cargo than the GD-2000).

“The YEC engineering team used current flight data from the inaugural GD-2000 product line along with extensive computational fluid dynamics analysis to optimize the aerodynamics and glide ratio of this rather massive cargo delivery platform,” says Chip Yates, YEC’s founder and CEO, who noted an accelerated schedule led to the delivery of development units by the end of this past March and the setting of 10 flight test units throughout the second and third quarters of 2020. Don’t be surprised if Yates’ latest creation is a hit: The original Silent Arrow was named one of six “Unmanned Cargo Aircraft to Watch” by Aviation Week & Space Technology magazine in their 2020 Aerospace & Defense issue. (MC)