[Latest] Global Unmanned Aircraft Systems Market Size/Share

Austin, TX, USA, July 17, 2023 (GLOBE NEWSWIRE) -- Custom Market Insights has published a new research report titled “Unmanned Aircraft Systems Market Size, Trends and Insights By Type (Fixed Wing, Rotary Wing), By Size (Very small, Small, Mini, Large), By Application (Commercial, Military, Civil, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2032” in its research database.

“According to the latest research study, the demand of global Unmanned Aircraft Systems Market size & share was valued at approximately USD 29.2 Billion in 2022 and is expected to reach USD 36.3 Billion in 2023 and is expected to reach a value of around USD 100.4 Billion by 2032, at a compound annual growth rate (CAGR) of about 14.9% during the forecast period 2023 to 2032.”

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Unmanned Aircraft Systems Market: Overview

Any aircraft that is flying autonomously or is intended to be remotely flown without a pilot on board is considered an unmanned aircraft (UA). Unmanned aerial systems (UAS), unmanned aerial vehicles (UAV), remotely piloted aircraft systems (RPAS), and drones are all common names for them. A UAS typically consists of the following components:

An aircraft without a pilot
A remote pilot station
A command and control link
A payload tailored to the application or operation

which frequently entails specialized cameras or other sensors that gather data for immediate analysis. Unmanned aircraft systems can be used by governments and environmental organizations to track down illegal loggers in forests, preserve open space, study animals, and track erosion. When time is of the essence when tragedy strikes, unmanned aircraft systems can play key roles in studying and minimizing its effects.

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Growth Factors

Due to the development of drone technology and the various capabilities it has come with, there has been a significant demand for UAS in a number of nations over the past few years. Due to an increase in the occurrence of enemy trespassing and border crossing, several nations have recorded the significant acquisition of UAS.

In a variety of missions, it is intended to carry out tasks including intelligence gathering, surveillance, and reconnaissance. The aerodynamic structures are created to support airstrikes on predetermined target locations. In order to be ready for future counterterrorism operations and wartime situations, almost 50 nations have bought and built their own military drones.

Major players in the military drone industry include the US, Israel, China, and the UK. Moreover, China is a significant market for UAS in the Asia Pacific region. Due to a strong economy and increased military spending, it is presently the second-largest defense spender in the world, and its neighbors, including Japan, India, Vietnam, the Philippines, are seeking to increase their military spending and defensive capabilities. There are several drones being designed expressly for surveillance.

Moreover, the real-time data is necessary for large-scale infrastructure development projects in order to comprehend the current situation and any future difficulties. UAS of all shapes and sizes are being adopted by the construction industry the quickest. By mapping millions of aerial photographs and data, the amazing data analysis program is assisting a large number of engineers and specialists in making wiser business judgments. Market expansion is anticipated to be fueled by rising acceptance in commercial and civil applications over the coming years.

(A free sample of the Unmanned Aircraft Systems report is available upon request; please contact us for more information.)

Our Free Sample Report Consists of the following:

Introduction, Overview, and in-depth industry analysis are all included in the 2023 updated report.
The COVID-19 Pandemic Outbreak Impact Analysis is included in the package.
About 220+ Pages Research Report (Including Recent Research)
Provide detailed chapter-by-chapter guidance on the Request.
Updated Regional Analysis with a Graphical Representation of Size, Share, and Trends for the Year 2023
Includes Tables and figures have been updated.
The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, and Revenue Analysis
Custom Market Insights (CMI) research methodology

(Please note that the sample of the Unmanned Aircraft Systems report has been modified to include the COVID-19 impact study prior to delivery.)

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Segmental Overview

The market for unmanned aircraft systems is segmented into the type, size, and application. According to the type, the fixed wing category is expected to increase at the quickest rate. They are significantly more effective since they don’t have to expend as much energy to keep themselves in the air.

These can consequently go farther, scan much larger regions, and stay stationary over the subject of interest for an extended period of time. In addition to being more efficient, gas engines may be used for propulsion. Due to the higher energy density of gas, many fixed-wing LAVS may be able to stay in the air for 16 hours or more.

According to size, the very small size segment is the dominating and expected to grow at the highest CAGR during the forecast period. The market for this size unmanned aircraft systems has grown as more nano and macro variants of UAS are being used in the mining industry to give volumetric data on excavations or on building sites to measure real-time job progress. The industry is being driven by an increase in demand from rescue organizations for nano and macro drones to transport food or medical supplies in times of need.

The global market is divided into commercial, military, and civil depending on the manner of application. In 2021, the commercial category led the market and is anticipated to expand at the quickest rate over the forecast period. The applications of commercial unmanned aircraft systems increased the sales of UAS. Use of UAS for intricate tasks like transmission wire inspections, oil pipeline inspections, and maintenance checks are done by UAS. It may also aid engineers in a variety of crucial tasks, such as designing airports and building roads, to greatly boost efficiency.

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Key questions answered in this report:

What is the size of the Unmanned Aircraft Systems market and what is its expected growth rate?
What are the primary driving factors that push the Unmanned Aircraft Systems market forward?
What are the Unmanned Aircraft Systems Industry's top companies?
What are the different categories that the Unmanned Aircraft Systems Market caters to?
What will be the fastest-growing segment or region?
In the value chain, what role do essential players play?
What is the procedure for getting a free copy of the Unmanned Aircraft Systems market sample report and company profiles?

Key Offerings:

Market Share, Size & Forecast by Revenue | 2023−2032
Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Leading Trends
Market Segmentation – A detailed analysis by Types of Services, by End-User Services, and by regions
Competitive Landscape – Top Key Vendors and Other Prominent Vendors

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Regional Overview

The biggest market share of the total market was held by the North American unmanned aircraft systems industry. Small unmanned aircraft systems (UAS) are being used more often in North America for industrial tasks such surveying, mapping, mining, agriculture, and construction. This region is most advanced, and U.S. is one of the largest manufacturers of unmanned aircraft systems. This region I s expected to grow at the highest CAGR owning to its producer’s dominance and the advanced technology in built systems.

Report Scope

Feature of the Report	Details
Market Size in 2023	USD 36.3 Billion
Projected Market Size in 2032	USD 100.4 Billion
Market Size in 2022	USD 29.2 Billion
CAGR Growth Rate	14.9% CAGR
Base Year	2022
Forecast Period	2023-2032
Key Segment	By Type, Size, Application and Region
Report Coverage	Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope	North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options	Request tailored purchasing options to fulfil your requirements for research.

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Competitive Landscape/ Key Players Insights

The players have implemented various strategies to expand in the global unmanned aircraft systems market. The study contains a thorough competitive analysis of the major unmanned aircraft systems market participants and information on their company overviews, recent developments, and vital business strategies.

Some of the prominent players

Parrot
Lockheed Martin
Airbus
Boeing
BAE
DJI
Northrop Grumman
Thales
IAI
Textron
Others

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The global Unmanned Aircraft Systems Market is segmented as follows:

By Type

Fixed Wing
Rotary Wing

By Size

Very small
Small
Mini
Large

By Application

Commercial
Military
Civil
Others

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By Region

North America

The U.S.
Canada
Mexico

Europe

France
The UK
Spain
Germany
Italy
Rest of Europe

Asia Pacific

China
Japan
India
Australia
South Korea
Rest of Asia Pacific

The Middle East & Africa

Saudi Arabia
UAE
Egypt
Kuwait
South Africa
Rest of the Middle East & Africa

Latin America

Brazil
Argentina
Rest of Latin America

This Unmanned Aircraft Systems Market Research/Analysis Report Contains Answers to the following Questions.

Which Trends Are Causing These Developments?
Who Are the Global Key Players in This Unmanned Aircraft Systems Market? What are Their Company Profile, Product Information, and Contact Information?
What Was the Global Market Status of the Unmanned Aircraft Systems Market? What Was the Capacity, Production Value, Cost and PROFIT of the Unmanned Aircraft Systems Market?
What Is the Current Market Status of the Unmanned Aircraft Systems Industry? What's Market Competition in This Industry, Both Company and Country Wise? What's Market Analysis of Unmanned Aircraft Systems Market by Considering Applications and Types?
What Are Projections of the Global Unmanned Aircraft Systems Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about imports and exports?
What Is Unmanned Aircraft Systems Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
What Is the Economic Impact On Unmanned Aircraft Systems Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
What Are Market Dynamics of Unmanned Aircraft Systems Market? What Are Challenges and Opportunities?
What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Unmanned Aircraft Systems Industry?

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Reasons to Purchase Unmanned Aircraft Systems Market Report

Unmanned Aircraft Systems Market Report provides qualitative and quantitative analysis of the market based on segmentation involving economic and non-economic factors.
Unmanned Aircraft Systems Market report outlines market value (USD) data for each segment and sub-segment.
This report indicates the region and segment expected to witness the fastest growth and dominate the market.
Unmanned Aircraft Systems Market Analysis by geography highlights the consumption of the product/service in the region and indicates the factors affecting the market within each region.
The competitive landscape incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled.
Extensive company profiles comprising company overview, company insights, product benchmarking, and SWOT analysis for the major market players.
The Industry's current and future market outlook concerning recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging and developed regions.
Unmanned Aircraft Systems Market Includes in-depth market analysis from various perspectives through Porter's five forces analysis and provides insight into the market through Value Chain.

Reasons for the Research Report

The study provides a thorough overview of the global Unmanned Aircraft Systems market. Compare your performance to that of the market as a whole.

Aim to maintain competitiveness while innovations from established key players fuel market growth.

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What does the report include?

Drivers, restrictions, and opportunities are among the qualitative elements covered in the worldwide Unmanned Aircraft Systems market analysis.

The competitive environment of current and potential participants in the Unmanned Aircraft Systems market is covered in the report, as well as those companies' strategic product development ambitions.

According to the component, application, and industry vertical, this study analyzes the market qualitatively and quantitatively. Additionally, the report offers comparable data for the important regions.

For each segment mentioned above, actual market sizes and forecasts have been given.

Who should buy this report?

Participants and stakeholders worldwide Unmanned Aircraft Systems market should find this report useful. The research will be useful to all market participants in the Unmanned Aircraft Systems industry.
Managers in the Unmanned Aircraft Systems sector are interested in publishing up-to-date and projected data about the worldwide Unmanned Aircraft Systems market.
Governmental agencies, regulatory bodies, decision-makers, and organizations want to invest in Unmanned Aircraft Systems products' market trends.
Market insights are sought for by analysts, researchers, educators, strategy managers, and government organizations to develop plans.

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