Commercial UAV Market Size, Share & Trends Report

Commercial UAV Market Size, Share & Trends Analysis Report By Product (Fixed Wing, Rotary Blade, Nano, Hybrid), By Application (Agriculture, Energy, Government, Media & Entertainment, Construction), By Region, And Segment Forecasts, 2023 - 2030

Report ID: 978-1-68038-584-7
Number of Report Pages: 171
Format: PDF

Historical Range: 2018 - 2021
Forecast Period: 2023 - 2030
Industry: Technology

Market Segmentation

Commercial UAV Product Outlook (Revenue, USD Million, 2018 - 2030)
- Fixed wing UAV
- Rotary blade UAV
- Nano UAV
- Hybrid UAV
Commercial UAV Application Outlook (Revenue, USD Million, 2018 - 2030)
- Agriculture
- Retail
- Energy
- Media and Entertainment
- Construction
- Government
- Others
Commercial UAV Regional Outlook (Revenue, USD Million, 2018 - 2030)
- North America
- Europe
- Asia-Pacific
- Latin America
- MEA

Commercial UAV Market Dynamics

Driver: Increasing Economic Opportunities Provided by UAVs

UAVs are setting up a new trend of reinventing old businesses while creating entirely new prospects. Right from filmmaking to emergency response incidences, UAVs are being used in a variety of application areas across the world. In 2016, the Federal Aviation Administration (FAA) declared the regulations regarding the usage of commercial UAVs which has clarified the legal landscape for businesses and workers as well. Since then, the industrial applications of commercial UAVs have significantly increased. UAVs are most likely to emerge as multipurpose tools, that can transform the existing operations of business, and will assist in establishing new functions and businesses. Autonomous flight via prescriptive or predictive analytics is expected to render UAV pilots unnecessary in some cases, making them even more economical in commercial operations. Developed countries, such as the UK, the U.S., and others, are most likely to witness a convergence of technologies, societal acceptance as well a favorable regulatory landscape, which will unlock the full potential of these UAVs. The UK government is dedicated to remaining at the forefront of UAV adoption to realize its economic potential while prioritizing the safety and security of the country.

Restraint: Scarcity of Trained Pilots

Though the usage of UAVs has opened a new era of possibilities for businesses and companies, the scarcity of technological know-how in people is posing a crucial challenge in front of almost every entity in the industry. There exists a perpetual shortage of trained UAV pilots in the market. These unmanned and autonomous aircraft are operated from a control room on the ground. Moreover, only an individual holding a private pilot certificate is allowed to operate commercial UAVs. Achieving these certifications might be a difficult task for individuals who are not properly trained, resulting in a shortage of certified pilots. However, a lack of training and awareness regarding such career opportunities has led to a shortage of trained UAV pilots. However, with the rise in commercial applications of UAVs, numerous universities worldwide have started offering degree programs in UAV technology, which aims to bridge the gap between the engineer and operator to develop skilled pilots for an emerging civil and commercial UAV industry. Thus, the scarcity of trained pilots is expected to hamper the market growth.

Opportunity: Increasing areas of application leading to growing usage and demand

Owing to their advanced technological properties, UAVs are gaining popularity in numerous industries including entertainment, filmmaking, sports broadcasting, surveying and monitoring, security maintenance, infrastructure inspection, delivery, environmental monitoring, disaster response, and more. This is resulting in a highly increasing rate of adoption of UAVs in various functions of several businesses. This is most likely to increase the number of opportunities for the Commercial UAV Market. Businesses in developed countries are already incorporating such applications of the UAVs which in turn is leading to encouragement for usage of UAVs even for governments and other institutions in the region. Developing countries in some regions are also witnessing incidences such as the declaration of regulations regarding the use of UAVs which clearly talks about the increasing acceptance of UAVs as a tool for various applications.

What Does This Report Include?

This section will provide insights into the contents included in this commercial UAV market report and help gain clarity on the structure of the report to assist readers in navigating smoothly.

Commercial UAV market qualitative analysis

Industry overview
Industry trends
Market drivers and restraints
Market size
Growth prospects
Porter’s analysis
PESTEL analysis
Key market opportunities prioritized
Competitive landscape
- Company overview
- Financial performance
- Product benchmarking
- Latest strategic developments

Commercial UAV market quantitative analysis

Market size, estimates, and forecast from 2018 to 2030
Market estimates and forecast for product segments up to 2030
Regional market size and forecast for product segments up to 2030
Market estimates and forecast for application segments up to 2030
Regional market size and forecast for application segments up to 2030
Company financial performance

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