Global Unmanned Commercial Aerial Vehicle Market Size, Forecasts, And Opportunities
Learn about the global unmanned commercial aerial vehicles market through The Business Research Company, which provides information on unmanned commercial aerial vehicles market size, unmanned commercial aerial vehicles market drivers and restraints, unmanned commercial aerial vehicles market players, the COVID-19 impact on the unmanned commercial aerial vehicles market, and more.
The global unmanned commercial aerial vehicle market size is expected grow from $ 12.23 billion in 2021 to $ 13.87 billion in 2022 at a compound annual growth rate (CAGR) of 13.4%. The growth in the commercial UAV market 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 unmanned commercial aerial vehicle market is expected to reach $ 22.04 billion in 2026 at a CAGR of 12.3%.
Increasing applications of unmanned aerial vehicles (UAVs) in the commercial sectors contributed to the growth of the unmanned commercial aerial vehicle market.
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The market for the unmanned commercial aerial vehicles consists of sales of unmanned commercial aerial vehicles, which are miniature pilotless aircraft 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.
Global Unmanned Commercial Aerial Vehicles Market Segments Include:
By Segment: Fixed-Wing UAVs, Multi-Rotor Aerial Vehicles, Rotary Blade Type UAVs
By End-User: Agriculture, Energy, Public Utilities, Construction, Media and Entertainment, Government, Others
By Mode Of Operation: Remotely Piloted, Optionally Piloted, Fully Autonomous
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific was the largest region in unmanned commercial aerial vehicle market in 2021.
Unmanned commercial aerial vehicle manufacturing companies are implementing improved batteries in their UAVs which could 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 have twice the capacity and half the size when compared with the former ones.
TBRC’s unmanned commercial aerial vehicles market report covers:
Major Market Players: AeroVironment Inc., BAE Systems, DJI, Elbit Systems, General Atomics, Israel Aerospace Industries, Lockheed Martin Corporation, Northrop Grumman, Parrot SA, and Textron Inc.
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 (2016-21) and ten years forecast (2022-2026-2031)
The Unmanned Commercial Aerial Vehicle Global Market Report 2022 –Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides unmanned commercial aerial vehicles market overviews, analyses and forecasts market size, share, unmanned commercial aerial vehicles market players, unmanned commercial aerial vehicles market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s unmanned commercial aerial vehicles market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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