Unmanned Aerial Vehicle market  Size, 2020 Industry Share and Global Demand |
2027 Forecast by Fortune Business Insights™

The global unmanned aerial vehicle
market is expected to gain momentum from the increasing advancements in the
field of drones. They are capable of analyzing millions of images for enhancing
the decision-making skills of the management in a wide range of
industries. Fortune Business Insights™ presented this
information in a new report, titled, “Unmanned Aerial Vehicle Market Size,
Share & Industry Analysis, By Class (Small UAVs, Tactical UAVs, and
Strategic UAVs), By Technology (Remotely Operated, Semi-autonomous, and
Fully-autonomous), By System (UAV Airframe, UAV Payloads, UAV Avionics, UAV
Propulsion, and UAV Software), By Application (Military, Commercial and
Recreational), and Regional Forecast, 2020-2027.” The report further states that the unmanned
aerial vehicle (UAV) market size was USD 10.72 billion in 2019
and is projected to reach USD 25.13 billion by 2027,
exhibiting a CAGR of 12.23% during the forecast period.

The outbreak of the COVID-19 pandemic
has halted the operations of several companies. But, some of them have resumed
their production processes by stringently following social distancing and low
workforce measures. We will soon be able to overcome this situation with the
discovery of a vaccine. Our report would provide detailed information about the
effects of this pandemic on every market. You can gain business confidence by
selecting the right strategy.

This Report Answers the Following
Questions:

• What are the market dynamics, drivers, and obstacles?


• Which company will generate the largest revenue in the near future?


• How will COVID-19 impact the sales of UAVs?


• Which strategies are being adopted by companies to intensify
  competition?

An Overview of the Impact of COVID-19
on this Market:

The emergence of COVID-19 has brought
the world to a standstill. We understand that this health crisis has brought an
unprecedented impact on businesses across industries. However, this too shall
pass. Rising support from governments and several companies can help in the
fight against this highly contagious disease. Some industries are struggling and
some are thriving. Overall, almost every sector is anticipated to be impacted
by the pandemic.

We are taking continuous efforts to
help your business sustain and grow during COVID-19 pandemics. Based on our
experience and expertise, we will offer you an impact analysis of coronavirus
outbreak across industries to help you prepare for the future.



Request a Sample Report: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/unmanned-aerial-vehicle-uav-market-101603

Drivers & Restraints-

Need to Avoid Physical Contact amidst
COVID-19 to Skyrocket Demand

The effect of COVID-19 pandemic on the
market is likely to remain moderate backed by the increasing usage of drones by
the regulatory bodies worldwide to monitor public gatherings, thereby limiting
direct physical contact. Antwork Inc., a China-based drone delivery company,
for instance, provided medical supplies and reduced the involvement of humans
by using drones. Also, in countries, such as the Netherlands, Belgium, Spain,
India, China, Russia, and France, UAVs are extensively being used to spray
disinfectants on government buildings, emergency hospitals, and public healthcare
infrastructure. However, the strict government norms and laws regarding the
usage of airspace to eliminate accidental damages may hamper the unmanned
aerial vehicle market growth in the coming years.

Segment-

Commercial Segment to Grow Rapidly
Backed by Investment by Companies to Develop Air Taxi

In terms of application, the market is
fragmented into commercial, residential, and military. Out of these, the
commercial segment generated 4.6% in terms of unmanned aerial vehicle market
share in 2019. This growth is attributable to the increasing usage of UAVs in
logistics, forest monitoring, crop monitoring, aerial mapping, and surveying.
Besides, industry giants, such as Uber and DHL Logistics are investing hefty
amounts of money to develop Air Taxi and innovating air transportation,
respectively. These factors would also contribute to the growth of this
segment.

Regional Analysis-

Increasing Usage of Drones in Military
Applications to Spur Growth in North America

Geographically, in 2019, North America
held USD 3.88 billion in terms of revenue. The region is anticipated to
dominate during the forthcoming years owing to the rising usage of UAVs in
several military applications. The U.S. houses a large number of renowned
military UAVs manufacturers who are gaining a competitive edge by exporting
their products to numerous countries worldwide.

Europe, on the other hand, is expected
to grow moderately stoked by the high demand for navigation systems, avionics,
software solutions, and cameras in the region. In Asia Pacific, the high demand
for advanced warfare UAVs for tactical and strategic applications would affect
the market growth positively in the near future. The major importers in this
region are China, Pakistan, and India.

Unmanned Aerial Vehicle Market report
Focus on:

• Extensive product offerings


• Customer research services


• Robust research methodology


• Comprehensive reports


• Latest technological developments


• Value chain analysis


• Potential Market opportunities


• Growth dynamics


• Quality assurance


• Post-sales support


• Regular report updates

 Reasons to Purchase this
Report:

• Comprehensive analysis of the market growth drivers, obstacles,
  opportunities, and other related challenges.


• Tracks the developments, such as new product launches, agreements,
  mergers and acquisitions, geographical expansions, and joint ventures.


• Identifies market restraints and boosters.


• Identifies all the possible segments present in the market to aid
  organizations in strategic business planning.    

To get the short-term and long-term
impact of COVID-19 on this Market, Visit: https://www.fortunebusinessinsights.com/industry-reports/unmanned-aerial-vehicle-uav-market-101603

Key Questions Answered:

• Why Choose Fortune Business Insights?


• What are the key demands and trends shaping the market?


• What are the key opportunities in the market?


• What are the key companies operating in the market?


• Which company accounted for the highest market share?


• What is the market size and growth rate of the global and regional
  market by various segments?


• What is the market size and growth rate of the market for selective
  countries?


• Which region or sub-segment is expected to drive the market in the forecast
  period?


• What Factors are estimated to drive and restrain the market growth

Competitive Landscape-

Key Players Focus on Delivering
Essentials via UAVs to Prevent Coronavirus Infection

The market is highly fragmented with
the presence of a wide range of manufacturing companies all over the world.
Some of them are presently focusing on delivering essentials through drones
owing to the COVID-19 pandemic. The others are focusing on mergers and
acquisitions with other local enterprises to strengthen their positions. Below
are a couple of the latest industry developments:

• June 2020: After Wing, a firm owned by Google parent
  Alphabet launched its new drone delivery service in Virginia, Kelly Passek
  became the first customer. She is a middle-school librarian who petitioned
  the company to deliver library books to help kids in reading and learning
  amidst the COVID-19 pandemic.


• September 2019: Rafael Advanced Defense
  Systems, a defense company based in Israel, successfully acquired
  Aeronautics Limited worth USD 240 million. This would help the latter to
  combine its expertise in intelligence, surveillance and reconnaissance
  with Rafael’s large network in the U.S. market.

Fortune Business Insights™ presents a
list of all the UAV manufacturers operating in the global market. They are as
follows:

• DJI (China)


• Parrot (France)


• Yuneec (China)


• 3D Robotics (U.S.)


• Go Pro (U.S.)


• Holy Stone (Taiwan)


• Autel Robotics (U.S.)


• Sense Fly (Switzerland)


• Kesper Drone (U.S.)


• Hexagon (Sweden)


• Delair (France)


• AeroVironment Inc., (U.S.)


• Other Players

Get your Customized Research Report:https://www.fortunebusinessinsights.com/enquiry/customization/unmanned-aerial-vehicle-uav-market-101603

About Us:

Fortune Business Insights™ offers
expert corporate analysis and accurate data, helping organizations of all sizes
make timely decisions. We tailor innovative solutions for our clients,
assisting them to address challenges distinct to their businesses. Our goal is
to empower our clients with holistic market intelligence, giving a granular
overview of the market they are operating in.

Our reports contain a unique mix of
tangible insights and qualitative analysis to help companies achieve
sustainable growth. Our team of experienced analysts and consultants use
industry-leading research tools and techniques to compile comprehensive market
studies, interspersed with relevant data. 

At Fortune Business Insights™, we aim
at highlighting the most lucrative growth opportunities for our clients. We,
therefore, offer recommendations, making it easier for them to navigate through
technological and market-related changes. Our consulting services are designed
to help organizations identify hidden opportunities and understand prevailing
competitive challenges.

Contact Us:

Fortune Business Insights™ Pvt. Ltd.

308, Supreme Headquarters,

Survey No. 36, Baner,

Pune-Bangalore Highway,

Pune - 411045, Maharashtra, India.

Phone:

US :+1 424 253 0390

UK : +44 2071 939123

APAC : +91 744 740 1245

Email: sales@fortunebusinessinsights.com