UAVs Unleashed: Analyzing the Global Forecast to .3 Billion by 2027

Posted by Sandeep Roy on February 12th, 2024

The UAV Market is set to witness an unprecedented boom, projected to grow from USD 26.2 billion in 2022 to a staggering USD 38.3 billion by 2027, boasting a compelling CAGR of 7.9%. Buckle up for a journey through the skies as we delve into the insights from the latest report, "UAV Market by Point of Sale, Systems, Platform, Function, End Use, Application, Type, Mode of Operation, MTOW, Range & Region - Global Forecast to 2027."

Market Dynamics: What's Driving the Growth?

Commercial Adoption: Increased use of UAS in commercial applications propelling market growth.

Military Procurement: Global military forces contributing to the surge in UAV demand for surveillance and reconnaissance.

Download PDF Brochure @

In-Depth Analysis - A Glimpse into the Market Report:

Explore a comprehensive 394-page report with 388 market data tables and 74 figures.

Detailed insights on point of sale, systems, platform, function, end use, application, type, mode of operation, MTOW, range, and region.

Global Influence - UAVs Across Borders:

Acceptance of UAVs steadily rising worldwide for law enforcement and commercial applications.

Growing demand for military C4ISR capabilities driving the adoption of UAVs.

Asia Pacific Taking the Lead:

The Asia Pacific region emerging as a high-growth market.

China, a major UAV manufacturer, leading the way with increased procurement of military drones.

Market Segmentation Highlights:

Platform: Defense & government segment anticipated for the highest growth.

Function: Special purpose drones, including combat UAVs, driving demand.

Point of Sale: OEM segment exhibiting the highest CAGR.

Technological Advancements and Future Trends:

Rising demand for drone-based C4ISR capabilities, enhancing military end-users' capabilities.

Continuous technological advancements in UAV technologies driving market growth.

Asia Pacific Skyline - A Closer Look:

Increasing number of UAV manufacturers in China and India.

China holding a leading share in the Asia Pacific UAV Market, driven by demand from various regions.

Major Key Market Players Steering the Industry:

DJI (China), Parrot Drone SAS (France), Israel Aerospace Industry Ltd. (Israel), AeroVironment, Inc. (US), Lockheed Martin Corporation (US) - Key players shaping the future of UAVs.

Ask for Sample Report @

About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on TwitterLinkedIn and Facebook.


Mr. Aashish Mehra

MarketsandMarkets™ INC.

630 Dundee Road

Suite 430

Northbrook, IL 60062

USA: +1-888-600-6441


Like it? Share it!

Sandeep Roy

About the Author

Sandeep Roy
Joined: August 7th, 2019
Articles Posted: 480

More by this author