UAV Drones Market Report 2024 (Global Edition)

Global UAV Drones Market Report 2024 Market Size Split by Point of sale (Original Equipment Manufacturer (OEM), Aftermarket), by System (Platform, Airframe, Alloys, Plastics, Composites, Avionics, Fli...

UAV Drones Market Report Description

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UAV Drones Market Insights Video

Competitive Landscape of the UAV Drone Market

Companies that produce UAV drones consist of some of the most established aerospace and tech companies, along with innovative startups. The market is, therefore, pretty competitive, with fast technological development that includes investment in R&D to enhance drone capabilities in terms of automation, AI integration, and the payload options they offer. In addition to this, as the normative frameworks keep changing, new market entrants keep arriving. They are more concentrated on niche applications such as delivery services, agricultural monitoring, and inspection of infrastructure, increasing the level of competition and driving innovation in the industry.

In April 2024, Israel Aerospace Industries (IAI) and Aerotor Unmanned Systems signed a Memorandum of Understanding (MoU) to work together on upgrading unmanned aircraft system technology. IAI will leverage its aviation and unmanned platform experience, while Aerotor will combine its Apus multicopter, which features a core heavy-fuel propulsion system and a variable pitch mechanism. This combination benefits the Apus by increasing cargo capacity, endurance, and agility. (Source: https://www.iai.co.il/news-media/press-releases/iai-and-aerotor-unmanned-systems-have-signed-mou) In July 2022, Thales Defense & Security, Inc. (TDSI) acquired full control of Advanced Acoustic Concepts (AAC) and its joint venture with Leonardo DRS. As a US industry contractor, AAC has a track record of delivering effective, innovative technologies and solutions for the US Navy's Undersea Warfare area. With AAC, TDSI will expand its engineering and industrial foothold in the US defense sector, as well as strengthen its US-based teams and skills. (Source: https://www.thalesgroup.com/en/worldwide/defence/press_release/thales-acquires-full-ownership-advanced-acoustic-concepts-aac) In January 2020, SZ DJI Technology Co., Ltd. will introduce three new drones this year: the Mavic 3, Matrice 300, and Mavic Air 2. These high-grade drones will feature better video quality, longer battery life, quieter motors, redesigned propellers, and an improved design. (Source: https://www.globaldata.com/company-profile/shenzhen-dji-technology-co-ltd/)

Top Companies Market Share in UAV Drones Industry: (In no particular order of Rank)

• General Atomics Aeronautical Systems
• Inc. (GA-ASI)
• Northrop Grumman Corporation
• Elbit Systems Ltd
• Israel Aerospace Industries Ltd.
• SZ DJI Technology Co.
• Ltd.
• AeroVironment
• Inc.
• Lockheed Martin Corporation
• Thales Group
• Aeronautics Ltd.
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the UAV Drone Market

Which Region Dominates the UAV Drone Market in 2024?

According to Cognitive Market Research, in 2023, North America dominated the market for uncrewed aerial vehicles (UAVs). Because of increased demand for military and commercial applications in countries such as Canada and the United States, the market for uncrewed aerial vehicle (UAV) drones in North America is expected to grow

Which Region is Expanding at the Fastest CAGR?

Asia-Pacific is predicted to grow at the fastest rate over the forecast period. Over the projected period, the Asia-Pacific area market is expected to benefit significantly from a rise in original equipment manufacturer (OEM) production for the development of uncrewed aerial vehicle (UAV) drones

The current report Scope analyzes UAV Drones Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America UAV Drones

According to Cognitive Market Research, the global UAV Drone market size was estimated at USD 30521.5 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 12208.60 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.2% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the UAV Drone market with a market size of USD 9632.59 million in 2024 and is projected to grow at a CAGR of 8.5% during the forecast period. The U.S. market's technological advancements
• The Canada UAV Drone market had a market share of USD 1465.03 million in 2024 and is projected to grow at a CAGR of 9.5% during the forecast period. Canadian companies are at the forefront of developing innovative drone solutions
• The Mexico UAV Drone market is projected to witness growth at a CAGR of 9.2% during the forecast period, with a market size of USD 1110.98 million in 2024.

Europe UAV Drones

According to Cognitive Market Research, the global UAV Drone market size was estimated at USD 30521.5 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 9156.45 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.5% from 2024 to 2031.

• The United Kingdom UAV Drone market had a market share of USD 1538.28 million in 2024 and is projected to grow at a CAGR of 9.8% during the forecast period. In the UK, UAV Drone sales witness an upswing due to the increasing demand across various industries.
• The France UAV Drone market is projected to witness growth at a CAGR of 8.2% during the forecast period, with a market size of USD 842.39 million in 2024.
• According to Cognitive Market Research, the German UAV Drone market size was valued at USD 1812.98 million in 2024 and is projected to grow at a CAGR of 9.2% during the forecast period. In Germany, UAV drones surged due to the supportive regulatory frameworks.
• The Italy UAV Drone market is projected to witness growth at a CAGR of 8.4% during the forecast period, with a market size of USD 787.45 million in 2024.
• The Russian UAV Drone market is projected to witness growth at a CAGR of 8.0% during the forecast period, with a market size of USD 1419.25 million in 2024.
• The Spain UAV Drone market is projected to witness growth at a CAGR of 8.1% during the forecast period with a market size of USD 750.83 million in 2024
• The Luxembourg UAV Drone market is projected to witness growth at a CAGR of 8.1% during the forecast period, with a market size of USD 283.85 million in 2024.
• The Portugal UAV Drone market is projected to witness growth at a CAGR of 8.8% during the forecast period, with a market size of USD 192.29 million in 2024.
• The Greece UAV Drone market is projected to witness growth at a CAGR of 9.3% during the forecast period, with a market size of USD 109.88 million in 2024.
• The Rest of Europe's UAV Drone market is projected to witness growth at a CAGR of 7.7% during the forecast period, with a market size of USD 1419.25 million in 2024.

Asia Pacific UAV Drones

According to Cognitive Market Research, the global UAV Drone market size was estimated at USD 30521.5 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 7019.95 million in 2024 and will grow at a compound annual growth rate (CAGR) of 12.5% from 2024 to 2031.

• According to Cognitive Market Research, the China UAV Drone market size was valued at USD 3158.98 million in 2024 and is projected to grow at a CAGR of 12.0% during the forecast period. UAV Drone surged in China due to the rise of innovative applications.
• The Japan UAV Drone market is projected to witness growth at a CAGR of 11.0% during the forecast period, with a market size of USD 968.75 million in 2024.
• The India UAV Drone market had a market share of USD 842.39 million in 2024 and is projected to grow at a CAGR of 14.3% during the forecast period. India's increasing applications across various sectors.
• The South Korean UAV Drone market is projected to witness growth at a CAGR of 11.6% during the forecast period, with a market size of USD 701.99 million in 2024.
• The Australian UAV Drone market is projected to witness growth at a CAGR of 12.2% during the forecast period, with a market size of USD 365.04 million in 2024.
• The South East Asia UAV Drone market is projected to witness growth at a CAGR of 13.5% during the forecast period, with a market size of USD 484.38 million in 2024.
• The Rest of Asia Pacific UAV Drone market is projected to witness growth at a CAGR of 13.3% during the forecast period, with a market size of USD 498.42 million in 2024.

South America UAV Drones

According to Cognitive Market Research, the global UAV Drone market size was estimated at USD 30521.5 Million, out of which Latin America held the market share of around 5% of the global revenue with a market size of USD 1526.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.9% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil UAV Drone market size was valued at USD 653.16 million in 2024 and is projected to grow at a CAGR of 10.5% during the forecast period. UAV Drones flourished in Brazil due to growing interest in technology and innovation.
• Argentina's UAV Drone market had a market share of USD 256.38 million in 2024 and is projected to grow at a CAGR of 10.8% during the forecast period. Argentina's rising infrastructure inspection and public safety. .
• Colombia UAV Drone market is projected to witness growth at a CAGR of 9.7% during the forecast period, with a market size of USD 135.82 million in 2024.
• Peru UAV Drone market is projected to witness growth at a CAGR of 10.1% during the forecast period, with a market size of USD 125.14 million in 2024.
• Chile UAV Drone market is projected to witness growth at a CAGR of 10.2% during the forecast period, with a market size of USD 109.88 million in 2024.
• The Rest of Latin America's UAV Drone market is projected to witness growth at a CAGR of 9.0% during the forecast period, with a market size of USD 245.70 million in 2024.

Middle East and Africa UAV Drones

According to Cognitive Market Research, the global UAV Drone market size was estimated at USD 30521.5 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 610.43 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.2% from 2024 to 2031..

• The GCC Countries UAV Drone market is projected to witness growth at a CAGR of 11.0% during the forecast period, with a market size of USD 261.26 million in 2024. UAV Drone sales flourish due to the presence of major market players.
• The Egypt UAV Drone market is projected to witness growth at a CAGR of 10.5% during the forecast period, with a market size of USD 64.10 million in 2024.
• The South Africa UAV Drone market is projected to witness growth at a CAGR of 11.2% during the forecast period, with a market size of USD 96.45 million in 2024. UAV Drone sales flourished in South Africa due to the increasing need for efficient agricultural practices .
• The Turkey UAV Drone market is projected to witness growth at a CAGR of 9.7% during the forecast period, with a market size of USD 52.50 million in 2024.
• The Nigeria UAV Drone market is projected to witness growth at a CAGR of 9.3% during the forecast period, with a market size of USD 64.10 million in 2024.
• The Rest of the MEA UAV Drone market is projected to witness growth at a CAGR of 9.3% during the forecast period, with a market size of USD 72.03 million in 2024.

UAV Drones Market Analysis

UAV Drone Market Point of Sale Segment Analysis

According to Cognitive Market Research, The UAV drone market has the OEM segment dominating it. This is mainly because OEMs are the ones that create the drones themselves, which the various applications require in different industries. This is significantly driven by the demand for new drones made commercially as well as militarily and with recreative functions for great revenues in this segment

The Aftermarket segment constitutes another rapidly emerging UAV market. Services and products for this include spare parts, upgrades, and maintenance services for existing drones. With every operation of a drone increasing in numbers, so does the need for aftermarket support, including repairs and enhancements

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of UAV Drones Industry. Request a Free Sample PDF!

UAV Drone Market System Segment Analysis

According to Cognitive Market Research, The UAV drone market often considers the platform as the leading segment. The platform would refer to a drone itself, referring to airframes, propulsion systems, and onboard systems. The reason is that all other functionalities of a UAV rely upon the foundational technology involved in this segment

The Payload part is growing at the highest rate. Payloads are necessarily there for the specific drone application activities of surveillance, mapping, and delivery. Industries are on the lookout for more specialized applications of drones, and the trend is looking for a rapid surge in demand for advanced payload technologies

The above Graph is for representation purposes only. This chart does not depict actual Market share.

UAV Drones Function Segment Analysis

UAV Drone Market Function Segment Analysis

According to Cognitive Market Research, In the UAV drone market, the Inspection & Monitoring Drones segment is dominating. They are primarily rising with the increasing need for regular inspections in energy, construction, and infrastructure industries to inspect power lines, pipelines, buildings, and bridges. They are safer and more efficient compared with their traditional alternatives

Surveying & Mapping Drones are among the fastest-growing segments in this market. Increasing demand in these sectors to provide accurate geographical data and mapping solutions has given wings to this growth. Already, drones fitted with advanced mapping technologies are being used in agriculture, real estate, and environmental monitoring scenarios in ways that data gathering has never been quicker

• Special Purpose Drones
• Passenger Drones
• Inspection & Monitoring Drones
• Surveying & Mapping Drones
• Spraying & Seeding Drones
• Others

UAV Drones Industry Segment Analysis

UAV Drone Market Industry Segment Analysis

According to Cognitive Market Research, the media and entertainment sector led the uncrewed aerial vehicle (UAV) drones market in 2023. Drones (RPAS) are an appealing technology for media companies because of their cheaper operating costs compared to helicopters. They can be used for extended news gathering and across multiple media channels, including print, online, and television. RPAS does not require human intervention, making their job easier and less dangerous. They can access areas that are not physically accessible, such as fire events or disaster reports. The versatility of RPAS allows journalists to personalize their equipment

The Logistics and Transportation sector accounts for the fastest growth of the UAV drone market. The reasons for the boom were mainly due to the increasing demand for efficient and contactless delivery solutions in the wake of and especially because of the COVID-19 pandemic. Companies have increasingly adopted drones for last-mile delivery, which drastically reduces transportation costs and delivery times

• Defense & Security
• Agriculture
• Logistics And Transportation
• Energy & Power
• Construction And Mining
• Insurance
• Media & Entertainment
• Others

UAV Drones Operation Segment Analysis

UAV Drone Market Operation Segment Analysis

According to Cognitive Market Research, the remotely operated segment dominated the market in 2023. A UAV has no crew or passengers on board. UAVs can be either automated 'drones' or remotely piloted vehicles (RVs). UAVs may fly for an extended period at low altitudes. Many countries have seen a rise in demand for remotely piloted UAVs in recent years as drone technology and its varied applications have gained popularity

The fully autonomous category is expected to be the fastest-growing section in 2023-2032. It includes the Command Delivery System (CDS) and the Flight Planning System (FPS), which calculate the flight path and radius prior to operation. The Unmanned Aerial Vehicle is completely autonomous and does not require any additional instruction from the ground operator. Mission Based High Payload UAVs (MBHPPs) are UAVs built for specific missions in the United States, China, Russia, and Israel

• Remotely Piloted
• Optionally Piloted
• Fully Autonomous

UAV Drones Type Segment Analysis

UAV Drone Market Type Segment Analysis

According to Cognitive Market Research, Rotary wing drones dominate the market due to their capacity to do many jobs and ease of operation. They can conduct vertical takeoffs and landings, making them widely utilized in aerial photography, surveillance, and inspection. They can operate in tight areas and diverse environments, enhancing their utility in a variety of industries. Rotary drones are widely employed due to their versatility and ease of usage, which make them popular in a variety of industries and contribute to their market dominance

Hybrid drones are the market's fastest-growing segment, accounting for the majority of sales. These drones combine the features of fixed and rotary-wing drones. Hybrid drones' flexibility makes them suitable for a variety of applications, including logistics, delivery services, agricultural monitoring, and environmental surveying. This increases the demand for drones that can cover huge areas and execute precise jobs, resulting in the rapid expansion of the hybrid drone industry. Continuous improvements in hybrid drone technology, such as performance increase and payload capacity, are propelling the market forward, as is their acceptance across many industries.

• Fixed Wing
• Rotary Wing
• Hybrid Wing

Author's Detail

Kalyani Raje

Senior Research Analyst at Cognitive Market Research

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An optimistic Senior Research Analyst with years of experience in competitive assessment and business consulting. A seasoned professional and subject-matter expert (SME) in the Automobile and transportation vertical.

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