This report provides a detailed analysis of the UAV market from 2019 to 2025. It discusses industry and technological trends prevailing in the market and examines factors that are expected to drive or challenge the growth of the UAV market in the near future. The UAV market is estimated at USD 19.3 billion in 2019 and is projected to reach USD 45.8 billion by 2025, at a CAGR of 15.5% from 2019 to 2025. The increasing use of UAVs in commercial and military applications is projected to drive the growth of the UAV market.
The UAV market has been segmented on the basis of UAV type, system, vertical, class, mode of operation, range, point of sale, industry, MTOW, and region. Based on type, the UAV market has been classified into fixed-wing UAVs, fixed-wing VTOL UAVs, and rotary-wing UAVs. The fixed-wing UAVs segment is expected to lead the UAV market during the forecast period. The growth of the fixed-wing UAVs segment can be attributed to the increasing use of fixed-wing UAVs in the military and commercial verticals.
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Based on system, the UAV market has been segmented into UAV platforms, payloads, data links, ground control stations, and launch & recovery systems. The UAV payloads segment is projected to grow at the highest CAGR from 2019 to 2025. This growth can be attributed to the rising demand for high-resolution camera payloads.
Based on class, the small UAVs segment of the UAV market is projected to grow at the highest CAGR during the forecast period. This growth can be attributed to the increased use of small UAVs in consumer, commercial, and military applications.
Based on mode of operation, the fully autonomous UAVs segment is projected to grow at the highest CAGR during the forecast period, owing to the increasing use of fully autonomous UAVs in military and commercial applications such as surveying, inspection, and product delivery.
Based on vertical, the UAV market has been segmented into military, commercial, government & law enforcement, and consumer. The commercial application segment of the UAV market is projected to grow at the highest CAGR during the forecast period, owing to the increased adoption of UAVs for various applications, such as product delivery, inspection, monitoring, surveying, mapping, and remote sensing.
The UAV market in the Asia Pacific region is expected to grow at the highest CAGR during the forecast period. This growth is primarily driven by the increasing demand for UAVs from emerging economies, such as China and Japan, for applications such as precision agriculture, product delivery, and inspection & monitoring, among others.
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