The Latest Uav Industry Statistics Explained
The global unmanned aerial vehicle (UAV) market size was valued at USD 19.3 billion in 2020.
The statistic ‘The global unmanned aerial vehicle (UAV) market size was valued at USD 19.3 billion in 2020’ indicates the total monetary worth of the UAV market worldwide in the year 2020. This figure represents the combined value of all the UAVs, their components, services, and related technologies bought and sold within the industry during that specific time period. The market size of USD 19.3 billion reflects the significant and growing demand for UAVs across various sectors such as military, commercial, agriculture, and others, highlighting the increasing investment and adoption of drone technology on a global scale.
It is expected that the UAV market will expand at a CAGR of 7.5% from 2022 to 2030.
This statistic indicates that the Unmanned Aerial Vehicle (UAV) market is projected to grow steadily at a Compound Annual Growth Rate (CAGR) of 7.5% over the period from 2022 to 2030. The CAGR represents the average annual growth rate of the market during this timeframe. A CAGR of 7.5% suggests a significant expansion in the UAV market, which could be driven by factors such as technological advancements, increased applications in various industries, and growing investments in UAV technology. This forecast implies a positive outlook for the UAV industry, indicating opportunities for growth and development in the coming years.
Military and defense remained the largest application sector for UAVs in 2020, accounting 70.8% of the global revenue.
This statistic is indicating that in 2020, the military and defense sector was the dominant application area for Unmanned Aerial Vehicles (UAVs), also known as drones, in terms of revenue generation worldwide. Specifically, this sector accounted for a significant majority of 70.8% of the total revenue related to UAVs in that year. This suggests that the military and defense industry heavily relied on UAV technology for various purposes such as surveillance, reconnaissance, intelligence gathering, and combat operations. The high revenue share allocated to this sector reflects the growing significance and adoption of UAVs in military and defense operations, highlighting the continued investment and development in this area.
In 2020, North America was the largest regional market for drones, accounting for over 35% of the total market share.
The statistic indicates that in 2020, North America held the leading position as the largest market for drones, representing more than 35% of the overall market share globally. This suggests that North America had a significant demand for drones, whether for recreational, commercial, or industrial purposes. Factors such as technological advancements, regulatory developments, and the growing use of drones across various industries may have contributed to the region’s dominance in the market. The data highlights the importance of North America in the drone industry and signifies the potential for further growth and innovation within the region’s market.
The drone market could reach $63.6 billion by 2025.
The statistic that the drone market could reach $63.6 billion by 2025 indicates the potential future growth and economic value of the drone industry. This projection suggests a significant upward trend in market size and demand for drone technology over the next few years, driven by advancements in drone technology, increased applications across various industries such as agriculture, security, and logistics, and growing consumer interest in drone-related products and services. The forecasted value highlights the substantial opportunities for businesses and investors operating within the drone market to capitalize on this growth and expand their presence in a rapidly evolving industry.
More than 70% of drone hardware purchases in the US are estimated to be DJI products.
The statistic “More than 70% of drone hardware purchases in the US are estimated to be DJI products” indicates that DJI, a Chinese drone manufacturer, holds a dominant market share in the United States drone hardware industry. This high market penetration suggests that DJI products are highly popular and preferred by consumers over other drone brands. Factors contributing to this could include DJI’s reputation for quality, innovation, and range of products offered. The statistic also implies that DJI’s competitors face significant challenges in capturing a larger share of the market due to the strong presence and preference for DJI products among consumers.
The precision agriculture market for drones is projected to grow to $1.2 billion by 2024.
The statistic indicates that the precision agriculture market for drones is expected to expand significantly, reaching a value of $1.2 billion by the year 2024. This growth projection suggests an increasing trend towards the adoption of drone technology in the field of precision agriculture, where drones are utilized for various tasks such as crop monitoring, field mapping, and agricultural spraying. The rise in demand for drones in agriculture is driven by the potential benefits they offer in terms of enhancing productivity, reducing resource wastage, and enabling farmers to make data-driven decisions. This statistic highlights the growing importance of advanced technologies in modern agriculture practices and forecasts a promising market outlook for drone-based solutions in the agricultural sector in the coming years.
The drone services market size is projected to grow from USD 13.9 billion in 2021 to USD 40.7 billion by 2026.
The statistic indicates that the drone services market is expected to experience significant growth over the next five years, with its size increasing from USD 13.9 billion in 2021 to USD 40.7 billion by 2026. This growth projection suggests a substantial expansion in the demand for drone services across various industries such as agriculture, construction, infrastructure inspection, and delivery services. Factors contributing to this anticipated growth may include advancements in drone technology, increased adoption of drones for commercial purposes, and the growing recognition of the efficiency and cost-effectiveness of utilizing drones for a wide range of applications. The projected increase in market size signifies a promising outlook for the drone services industry, presenting opportunities for businesses operating in this sector to capitalize on the expanding market demand and potential benefits of drone technology.
The APAC region is projected to be the highest CAGR rate for the drone services market during the forecast period (2021-2026).
This statistic indicates that the Asia-Pacific (APAC) region is expected to experience the highest Compound Annual Growth Rate (CAGR) in the drone services market between 2021 and 2026. This suggests that the demand for drone services in the APAC region is projected to grow at a faster pace compared to other regions during this period. Factors such as increasing adoption of drones for various applications such as agriculture, infrastructure monitoring, and delivery services, along with supportive government regulations and advancements in technology, are likely driving this growth. Businesses operating in the drone services industry may find opportunities for expansion and investment in the APAC region based on these projections.
By 2022, the number of commercial drones in the U.S. could grow to nearly 452,000.
The statistic states that by the year 2022, the United States could see a significant increase in the number of commercial drones, with the potential for the total to reach almost 452,000. This indicates a rapid expansion in the adoption and utilization of drones for commercial purposes across various industries. The growth in commercial drones suggests a shift towards advanced technological solutions in sectors such as agriculture, construction, delivery services, and surveillance, among others. The increasing prevalence of drones highlights the evolving landscape of technology and its integration into everyday operations, offering new opportunities for businesses to enhance efficiency, collect data, and improve processes.
The global commercial drone market size was USD 17.87 billion in 2019.
The statistic that the global commercial drone market size was USD 17.87 billion in 2019 indicates the total value of drones specifically used for commercial purposes that were bought, sold, and traded around the world during that year. This figure represents the amount of money spent on commercial drones, including both the purchase of drones themselves as well as related services and technologies. The size of this market suggests a significant level of investment and interest in utilizing drones for various commercial applications, such as aerial photography, agriculture, delivery services, and infrastructure inspection. The growth and value of the commercial drone market can provide insights into technological trends, industry developments, and economic opportunities within the drone industry.
The military spending on drones worldwide is forecasted to reach approximately 13 billion U.S. dollars by 2025.
This statistic indicates that global military spending specifically allocated towards drones is projected to grow significantly to around 13 billion U.S. dollars by the year 2025. The forecast suggests a growing trend where countries are increasingly investing in drone technology for military purposes. This increase in military spending on drones highlights the importance and potential impact that unmanned aerial vehicles have in modern warfare and defense strategies. It also implies a shift towards more technologically advanced and sophisticated military capabilities as nations seek to enhance their defense systems and maintain strategic advantages in a rapidly evolving geopolitical landscape.
South Korea was the world’s top drone-importing country in 2016.
The statistic that South Korea was the world’s top drone-importing country in 2016 indicates that South Korea purchased more drones from foreign countries than any other country that year. This information suggests that there was a high demand for drones in South Korea at the time, potentially for various purposes such as military, commercial, or recreational use. Importing drones could be due to factors such as technological advancements, lack of domestic production capabilities, or specific needs that could not be met by domestic suppliers. This statistic provides insight into the growing importance and widespread use of drones in South Korea during that time.
The global commercial UAV market size was accounted at USD 5.80 billion in 2020.
The statistic that the global commercial UAV market size was valued at USD 5.80 billion in 2020 represents the total monetary value of all commercial unmanned aerial vehicles (UAVs) sold and operated worldwide during that year. This figure includes the cumulative revenue generated from the sale of UAVs used for various commercial applications such as agriculture, surveillance, photography, and delivery services. The market size serves as a key indicator of the growing demand and adoption of UAV technology in diverse industries, reflecting the increasing investments in drone technology and its potential for transforming business operations and processes on a global scale.
Approximately, there are more than 385,000 registered civilian drones in the U.S.
The statistic that there are more than 385,000 registered civilian drones in the U.S. reflects the significant increase in popularity and adoption of drone technology in recent years. Drones are unmanned aerial vehicles that can be used for a wide range of purposes, including recreational activities, photography, videography, and surveillance. The growing number of registered drones suggests a burgeoning market for these devices, driven by advancements in technology, affordable prices, and increasing consumer interest. This statistic also highlights the need for regulations and policies to ensure safe and responsible drone use, as drones present unique challenges related to privacy, airspace regulation, and safety concerns.
By 2027, the global UAV market is expected to exceed $9 billion.
The statistic “By 2027, the global UAV market is expected to exceed $9 billion” indicates the anticipated growth and significant economic value of the unmanned aerial vehicle (UAV) industry by the year 2027. This projection suggests a robust market outlook, showcasing the increasing demand for UAV technology across various sectors such as defense, agriculture, delivery services, and surveillance. The estimated market value exceeding $9 billion signifies the expanding opportunities for UAV manufacturers, service providers, and related industries worldwide, highlighting the potential for innovation, investment, and job creation within the UAV market in the coming years.
The projected compound annual growth rate (CAGR) of the drone industry from 2020-2025 is 37.1%.
The projected compound annual growth rate (CAGR) of the drone industry from 2020-2025 at 37.1% indicates the anticipated average annual growth rate over this five-year period. This statistic implies that the drone industry is expected to experience substantial expansion and development, with opportunities for increased market penetration, technological advancements, and rising demand for drone-related products and services. A CAGR of 37.1% suggests a strong positive trend in the industry, reflecting favorable conditions for growth that could be driven by factors such as regulatory changes, evolving applications across various sectors, and improving cost-effectiveness and performance of drone technologies.
In 2021, it is estimated that commercial drones represent 60% of the total manufactured drones.
This statistic indicates that out of all drones manufactured in 2021, 60% are designated for commercial use. Commercial drones are typically used for purposes such as aerial surveys, deliveries, photography, or surveillance. This suggests a significant shift towards the integration of drone technology in various industries for commercial applications. The widespread adoption of commercial drones reflects the growing interest in leveraging drone capabilities to enhance efficiency, productivity, and innovation in business operations. Furthermore, it highlights the expanding market demand for commercial drone solutions and services in different sectors.
In 2019, China held more than 70% of the total APAC commercial drone market share.
The statistic indicates that in 2019, China dominated the commercial drone market in the Asia-Pacific (APAC) region by holding over 70% of the total market share. This means that China had a significant competitive advantage in the commercial drone industry compared to other countries in the APAC region, such as Japan, South Korea, and India. The high market share suggests that Chinese companies were successful in producing and selling commercial drones, likely due to factors such as technological expertise, government support, competitive pricing, and market demand. The statistic highlights China’s leadership position in the APAC commercial drone market and underscores the country’s influence and competitiveness in the global drone industry.
References
0. – https://www.vuplex.com
1. – https://www.www.mordorintelligence.com
2. – https://www.www.pwc.com
3. – https://www.www.precedenceresearch.com
4. – https://www.www.grandviewresearch.com
5. – https://www.www.statista.com
6. – https://www.www.globenewswire.com
7. – https://www.www.businessinsider.com
8. – https://www.www.marketsandmarkets.com
9. – https://www.www.gminsights.com
10. – https://www.www.faa.gov
