UAV Market 2026, Increasing Defense Spending On Unmanned Technologies to Boost Growth - Technavio

News provided by

Sep 26, 2022, 01:15 ET

NEW YORK, Sept. 26, 2022 /PRNewswire/ -- The UAV Market size is expected to grow by USD 32.41 billion during 2021-2026, at a CAGR of 18.41% during the forecast period, according to Technavio. The increasing defense spending on unmanned technologies, low-cost alternative to fighter jets, and the emergence of miniaturized EO/IR systems will offer immense growth opportunities.

However, SWAP and bandwidth challenges, technological constraints limiting endurance, and non-uniform laws and regulations will challenge the growth of the market participants.

Technavio has announced its latest market research report titled Global UAV Market 2022-2026

To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. Request Free Sample Report.

UAV Market Segmentation

Application

Defense And Homeland
Commercial And Civil

Geography

North America
Europe
APAC
The Middle East And Africa
South America

UAV Market Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our UAV report covers the following areas:

UAV Market size
UAV Market trends
UAV Market industry analysis

This study identifies the development of alternate propulsion technologies for UAVs as one of the prime reasons driving the UAV market growth during the next few years. North America will account for 45% of the market's growth throughout the forecast period. In North America, the US is the region with the largest UAV market. The market in this region will expand more slowly than markets in other regions.

In order to maintain national security, the US must conduct surveillance activities along its extensive border. The US border patrol forces' operational capabilities have increased the demand for long-endurance UAVs, which will support the expansion of the UAV market in North America throughout the forecast period. Buy Sample Report.

UAV Market Vendor Analysis

We provide a detailed analysis of around 25 vendors operating in the UAV Market, including some of the vendors as vendors Backed with competitive intelligence and benchmarking, our research reports on the UAV Market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.

AeroVironment Inc.
BAE Systems Plc
Draganfly Inc
Dynamatic Technologies Ltd
Elbit Systems Ltd.
ELcomponics Sales Pvt. Ltd.
General Atomics
Intel Corp.
Israel Aerospace Industries Ltd
Lockheed Martin Corp.
Northrop Grumman Corp.
Parrot Drones SAS

Find additional highlights on the growth strategies adopted by vendors and their product offerings, Download Free Sample Report.

UAV Market Key Highlights

CAGR of the market during the forecast period
Detailed information on factors that will assist UAV market growth during the next five years
Estimation of the UAV market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the UAV market
Analysis of the market's competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of UAV market vendors

Related Reports:

Aviation Market in the Middle East by Type and Geography - Forecast and Analysis 2022-2026: The aviation market in the Middle East is projected to grow by USD 6.17 billion with a CAGR of 7.6%, during the forecast period 2021 to 2026.

Aircraft Evacuation Systems Market by Product Type and Geography - Forecast and Analysis 2022-2026: The aircraft evacuation systems market share is expected to increase by USD 821.11 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 5.36%.

UAV Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 18.41%
Market growth 2022-2026	$32.41 billion
Market structure	Fragmented
YoY growth (%)	17.29
Regional analysis	North America, Europe, APAC, Middle East and Africa, and South America
Performing market contribution	North America at 45%
Key consumer countries	US, Israel, China, Russia, and UK
Competitive landscape	Leading companies, competitive strategies, consumer engagement scope
Companies profiled	AeroVironment Inc., BAE Systems Plc, Draganfly Inc, Dynamatic Technologies Ltd, Elbit Systems Ltd., ELcomponics Sales Pvt. Ltd., General Atomics, Intel Corp., Israel Aerospace Industries Ltd, Lockheed Martin Corp., Northrop Grumman Corp., Parrot Drones SAS, PrecisionHawk Inc, Rafael Advanced Defense Systems Ltd, Raytheon Technologies Corp., SZ DJI Technology Co. Ltd., Textron Inc., Thales Group, The Boeing Co., and Turkish Aerospace Industries Inc.
Market Dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, and market condition analysis for the forecast period.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Browse for Technavio "Industrials" Research Reports

Table Of Contents :

1 Executive Summary

1.1 Market overview

Exhibit 01: Executive Summary – Chart on Market Overview
Exhibit 02: Executive Summary – Data Table on Market Overview
Exhibit 03: Executive Summary – Chart on Global Market Characteristics
Exhibit 04: Executive Summary – Chart on Market by Geography
Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
Exhibit 06: Executive Summary – Chart on Incremental Growth
Exhibit 07: Executive Summary – Data Table on Incremental Growth
Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem

Exhibit 09: Parent market
Exhibit 10: Market Characteristics

3 Market Sizing

3.1 Market definition

Exhibit 11: Offerings of vendors included in the market definition

3.2 Market segment analysis

Exhibit 12: Market segments

3.3 Market size 2021

3.4 Market outlook: Forecast for 2021-2026

Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ billion)
Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ billion)
Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

4.1 Five forces summary

Exhibit 17: Five forces analysis - Comparison between 2021 and 2026

4.2 Bargaining power of buyers

Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

4.3 Bargaining power of suppliers

Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

4.4 Threat of new entrants

Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026

4.5 Threat of substitutes

Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026

4.6 Threat of rivalry

Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026

4.7 Market condition

Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Application

5.1 Market segments

Exhibit 24: Chart on Application - Market share 2021-2026 (%)
Exhibit 25: Data Table on Application - Market share 2021-2026 (%)

5.2 Comparison by Application

Exhibit 26: Chart on Comparison by Application
Exhibit 27: Data Table on Comparison by Application

5.3 Defense and homeland security - Market size and forecast 2021-2026

Exhibit 28: Chart on Defense and homeland security - Market size and forecast 2021-2026 ($ billion)
Exhibit 29: Data Table on Defense and homeland security - Market size and forecast 2021-2026 ($ billion)
Exhibit 30: Chart on Defense and homeland security - Year-over-year growth 2021-2026 (%)
Exhibit 31: Data Table on Defense and homeland security - Year-over-year growth 2021-2026 (%)

5.4 Commercial and civil - Market size and forecast 2021-2026

Exhibit 32: Chart on Commercial and civil - Market size and forecast 2021-2026 ($ billion)
Exhibit 33: Data Table on Commercial and civil - Market size and forecast 2021-2026 ($ billion)
Exhibit 34: Chart on Commercial and civil - Year-over-year growth 2021-2026 (%)
Exhibit 35: Data Table on Commercial and civil - Year-over-year growth 2021-2026 (%)

5.5 Market opportunity by Application

Exhibit 36: Market opportunity by Application ($ billion)

6 Customer Landscape

6.1 Customer landscape overview

Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

7.1 Geographic segmentation

Exhibit 38: Chart on Market share by geography 2021-2026 (%)
Exhibit 39: Data Table on Market share by geography 2021-2026 (%)

7.2 Geographic comparison

Exhibit 40: Chart on Geographic comparison
Exhibit 41: Data Table on Geographic comparison

7.3 North America - Market size and forecast 2021-2026

Exhibit 42: Chart on North America - Market size and forecast 2021-2026 ($ billion)
Exhibit 43: Data Table on North America - Market size and forecast 2021-2026 ($ billion)
Exhibit 44: Chart on North America - Year-over-year growth 2021-2026 (%)
Exhibit 45: Data Table on North America - Year-over-year growth 2021-2026 (%)

7.4 Europe - Market size and forecast 2021-2026

Exhibit 46: Chart on Europe - Market size and forecast 2021-2026 ($ billion)
Exhibit 47: Data Table on Europe - Market size and forecast 2021-2026 ($ billion)
Exhibit 48: Chart on Europe - Year-over-year growth 2021-2026 (%)
Exhibit 49: Data Table on Europe - Year-over-year growth 2021-2026 (%)

7.5 APAC - Market size and forecast 2021-2026

Exhibit 50: Chart on APAC - Market size and forecast 2021-2026 ($ billion)
Exhibit 51: Data Table on APAC - Market size and forecast 2021-2026 ($ billion)
Exhibit 52: Chart on APAC - Year-over-year growth 2021-2026 (%)
Exhibit 53: Data Table on APAC - Year-over-year growth 2021-2026 (%)

7.6 Middle East and Africa - Market size and forecast 2021-2026

Exhibit 54: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
Exhibit 55: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
Exhibit 56: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
Exhibit 57: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)

7.7 South America - Market size and forecast 2021-2026

Exhibit 58: Chart on South America - Market size and forecast 2021-2026 ($ billion)
Exhibit 59: Data Table on South America - Market size and forecast 2021-2026 ($ billion)
Exhibit 60: Chart on South America - Year-over-year growth 2021-2026 (%)
Exhibit 61: Data Table on South America - Year-over-year growth 2021-2026 (%)

7.8 US - Market size and forecast 2021-2026

Exhibit 62: Chart on US - Market size and forecast 2021-2026 ($ billion)
Exhibit 63: Data Table on US - Market size and forecast 2021-2026 ($ billion)
Exhibit 64: Chart on US - Year-over-year growth 2021-2026 (%)
Exhibit 65: Data Table on US - Year-over-year growth 2021-2026 (%)

7.9 China - Market size and forecast 2021-2026

Exhibit 66: Chart on China - Market size and forecast 2021-2026 ($ billion)
Exhibit 67: Data Table on China - Market size and forecast 2021-2026 ($ billion)
Exhibit 68: Chart on China - Year-over-year growth 2021-2026 (%)
Exhibit 69: Data Table on China - Year-over-year growth 2021-2026 (%)

7.10 Israel - Market size and forecast 2021-2026

Exhibit 70: Chart on Israel - Market size and forecast 2021-2026 ($ billion)
Exhibit 71: Data Table on Israel - Market size and forecast 2021-2026 ($ billion)
Exhibit 72: Chart on Israel - Year-over-year growth 2021-2026 (%)
Exhibit 73: Data Table on Israel - Year-over-year growth 2021-2026 (%)

7.11 Russia - Market size and forecast 2021-2026

Exhibit 74: Chart on Russia - Market size and forecast 2021-2026 ($ billion)
Exhibit 75: Data Table on Russia - Market size and forecast 2021-2026 ($ billion)
Exhibit 76: Chart on Russia - Year-over-year growth 2021-2026 (%)
Exhibit 77: Data Table on Russia - Year-over-year growth 2021-2026 (%)

7.12 UK - Market size and forecast 2021-2026

Exhibit 78: Chart on UK - Market size and forecast 2021-2026 ($ billion)
Exhibit 79: Data Table on UK - Market size and forecast 2021-2026 ($ billion)
Exhibit 80: Chart on UK - Year-over-year growth 2021-2026 (%)
Exhibit 81: Data Table on UK - Year-over-year growth 2021-2026 (%)

7.13 Market opportunity by geography

Exhibit 82: Market opportunity by geography ($ billion)

8 Drivers, Challenges, and Trends

8.1 Market drivers

8.2 Market challenges

8.3 Impact of drivers and challenges

Exhibit 83: Impact of drivers and challenges in 2021 and 2026

8.4 Market trends

9 Vendor Landscape

9.1 Overview

9.2 Vendor landscape

Exhibit 84: Overview on Criticality of inputs and Factors of differentiation

9.3 Landscape disruption

Exhibit 85: Overview on factors of disruption

9.4 Industry risks

Exhibit 86: Impact of key risks on business

10 Vendor Analysis

10.1 Vendors covered

Exhibit 87: Vendors covered

10.2 Market positioning of vendors

Exhibit 88: Matrix on vendor position and classification

10.3 AeroVironment Inc.

Exhibit 89: AeroVironment Inc. - Overview
Exhibit 90: AeroVironment Inc. - Business segments
Exhibit 91: AeroVironment Inc. - Key news
Exhibit 92: AeroVironment Inc. - Key offerings
Exhibit 93: AeroVironment Inc. - Segment focus

10.4 BAE Systems Plc

Exhibit 94: BAE Systems Plc - Overview
Exhibit 95: BAE Systems Plc - Business segments
Exhibit 96: BAE Systems Plc - Key offerings
Exhibit 97: BAE Systems Plc - Segment focus

10.5 Elbit Systems Ltd.

Exhibit 98: Elbit Systems Ltd. - Overview
Exhibit 99: Elbit Systems Ltd. - Product / Service
Exhibit 100: Elbit Systems Ltd. - Key offerings

10.6 General Atomics

Exhibit 101: General Atomics - Overview
Exhibit 102: General Atomics - Product / Service
Exhibit 103: General Atomics - Key offerings

10.7 Israel Aerospace Industries Ltd

Exhibit 104: Israel Aerospace Industries Ltd - Overview
Exhibit 105: Israel Aerospace Industries Ltd - Product / Service
Exhibit 106: Israel Aerospace Industries Ltd - Key news
Exhibit 107: Israel Aerospace Industries Ltd - Key offerings

10.8 Lockheed Martin Corp.

Exhibit 108: Lockheed Martin Corp. - Overview
Exhibit 109: Lockheed Martin Corp. - Business segments
Exhibit 110: Lockheed Martin Corp. - Key news
Exhibit 111: Lockheed Martin Corp. - Key offerings
Exhibit 112: Lockheed Martin Corp. - Segment focus

10.9 Northrop Grumman Corp.

Exhibit 113: Northrop Grumman Corp. - Overview
Exhibit 114: Northrop Grumman Corp. - Business segments
Exhibit 115: Northrop Grumman Corp. - Key news
Exhibit 116: Northrop Grumman Corp. - Key offerings
Exhibit 117: Northrop Grumman Corp. - Segment focus

10.10 Rafael Advanced Defense Systems Ltd

Exhibit 118: Rafael Advanced Defense Systems Ltd - Overview
Exhibit 119: Rafael Advanced Defense Systems Ltd - Product / Service
Exhibit 120: Rafael Advanced Defense Systems Ltd - Key news
Exhibit 121: Rafael Advanced Defense Systems Ltd - Key offerings

10.11 Raytheon Technologies Corp.

Exhibit 122: Raytheon Technologies Corp. - Overview
Exhibit 123: Raytheon Technologies Corp. - Business segments
Exhibit 124: Raytheon Technologies Corp. - Key news
Exhibit 125: Raytheon Technologies Corp. - Key offerings
Exhibit 126: Raytheon Technologies Corp. - Segment focus

10.12 Textron Inc.

Exhibit 127: Textron Inc. - Overview
Exhibit 128: Textron Inc. - Business segments
Exhibit 129: Textron Inc. - Key news
Exhibit 130: Textron Inc. - Key offerings
Exhibit 131: Textron Inc. - Segment focus

11 Appendix

11.1 Scope of the report

11.2 Inclusions and exclusions checklist

Exhibit 132: Inclusions checklist
Exhibit 133: Exclusions checklist

11.3 Currency conversion rates for US$

Exhibit 134: Currency conversion rates for US$

11.4 Research methodology

Exhibit 135: Research methodology
Exhibit 136: Validation techniques employed for market sizing
Exhibit 137: Information sources

11.5 List of abbreviations

Exhibit 138: List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

SOURCE Technavio