The Global Unmanned Commercial Aerial Vehicle Market Report by The Business Research Company covers unmanned commercial aerial vehicle market drivers and restraints, unmanned commercial aerial vehicle market size, major players, and the impact of COVID-19 on the unmanned commercial aerial vehicle market.
The market for unmanned commercial aerial vehicle consists of sales of unmanned commercial aerial vehicles, which are miniature pilotless aircrafts including remotely piloted aerial vehicles and unpiloted aerial vehicles, controlled to carry small payloads, perform delivery and minor services, commercial inspections and operations such as photography and videography. The market consists of revenue generated by the company’s manufacturing the unmanned commercial aerial vehicles by the sales of these products.
Increasing applications of unmanned aerial vehicles (UAVs) in the commercial sectors contributed to the growth of unmanned commercial aerial vehicle market.
The global unmanned commercial aerial vehicle market is expected grow from $1.42 billion in 2020 to $1.73 billion in 2021 at a compound annual growth rate (CAGR) of 21.8%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $3.48 billion in 2025 at a CAGR of 19%.
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Some commercial unmanned aerial vehicle market trends include introduction of improved batteries in their UAVs that can fly for longer and farther on just a single charge. Improvements in battery technology can be seen by the replacement of lithium-ion batteries with lithium-metal batteries which has twice the capacity and half the size when compared with the former ones.
Global unmanned commercial aerial vehicle market segments include:
1) By Segment: Fixed-Wing UAVs, Multi-Rotor Aerial Vehicles, Rotary Blade Type UAVs.
2) By End-User: Agriculture, Energy, Public Utilities, Construction, Media And Entertainment, Government, Others.
3) By Mode Of Operation: Remotely Piloted, Optionally Piloted, Fully Autonomous.
4) By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
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The Unmanned Commercial Aerial Vehicle Global Market Report 2021: COVID 19 Growth And Change to 2030 is one of a series of new reports from The Business Research Company that provides commercial UAV market overviews, analyses and forecasts market size, share, unmanned commercial aerial vehicle market players, unmanned commercial aerial vehicle market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.
The unmanned commercial aerial vehicle market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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Read Unmanned Commercial Aerial Vehicle Global Market Report 2021: COVID 19 Growth And Change to 2030 from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country, Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries.
Market Players Covered: AeroVironment Inc., BAE Systems, DJI, Elbit Systems, General Atomics, Israel Aerospace Industries, Lockheed Martin Corporation, Northrop Grumman, Parrot SA, Textron Inc., The Boeing Company, 3D Robotics, SAIC,, Denel Dynamics, Textron Inc, Ambarella, Aurora Flight, Challis Heliplane Uav Inc, Draganflyer, General Dynamic Corporation, Aerospace Industry, Prox Dynamic A, Thales Group, Turkish Aerospace Industry Inc, PrecisionHawk Inc, Aeryon Labs Inc.,, YAMAHA, Da-Jiang, AscTec, IAI, Zerotech.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.
Sourcing And Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The Unmanned Commercial Aerial Vehicle Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.
Opportunities For Companies In The Unmanned Commercial Aerial Vehicle Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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