UAV Drones Industry to Surpass $77 Billion by 2027, Despite COVID-19 Disruptions

Dublin, July 10, 2020 (GLOBE NEWSWIRE) -- The "UAV Drones - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

Global UAV Drones Market to Reach US$77.5 Billion by the Year 2027

Amid the COVID-19 crisis, the global market for UAV Drones estimated at US$24.3 Billion in the year 2020, is projected to reach a revised size of US$77.5 Billion by 2027, growing at a CAGR of 18% over the analysis period 2020-2027.

Fixed-Wing UAVs, one of the segments analyzed in the report, is projected to grow at a 18.4% CAGR to reach US$25 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Multirotor UAVs segment is readjusted to a revised 19.4% CAGR for the next 7-year period. This segment currently accounts for a 41.5% share of the global UAV Drones market.

The U. S. Accounts for Over 29.6% of Global Market Size in 2020, While China is Forecast to Grow at a 17.3% CAGR for the Period of 2020-2027

The UAV Drones market in the U. S. is estimated at US$7.2 Billion in the year 2020. The country currently accounts for a 29.63% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$13.3 Billion in the year 2027 trailing a CAGR of 17.3% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 16.3% and 15.5% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 13.1% CAGR while Rest of European market (as defined in the study) will reach US$13.3 Billion by the year 2027.

Single Rotor UAVs Segment Corners a 15.9% Share in 2020

In the global Single Rotor UAVs segment, USA, Canada, Japan, China and Europe will drive the 15.7% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$3.1 Billion in the year 2020 will reach a projected size of US$8.6 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$9.4 Billion by the year 2027.

The publisher brings years of research experience to this 6th edition of the report. The 150-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Competitors identified in this market include, among others:

• 3D Robotics, Inc. (3DR)

• Aeroscout GmbH

• AeroVironment, Inc.

• Aidrones GmbH

• Alcore Technologies

• BAE Systems PLC

• Boeing Company

• Delta Drone

• DJI

• Elbit Systems Ltd.

• General Atomics Aeronautical Systems, Inc.

• ING Robotic Aviation

• Israel Aerospace Industries (IAI)

• Leonardo S.p.A.

• Lockheed Martin Corporation

• Nimbus Srl

• Northrop Grumman Corporation

• Parrot SA

• Precisionhawk Inc.

• SAAB AB

• Textron Inc.

• Thales Group

• Vtol Technologies

• Xiaomi, Inc.

• Yuneec Asia

Total Companies Profiled: 46

For more information about this report visit https://www.researchandmarkets.com/r/1t1yxi

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