Teal Group analysts forecast that worldwide combined military and civil UAS production will soar over the next decade, from $10.6 billion in 2020 to $32.4 billion in 2029, totaling $203 billion for the 10-year period.

World Civil Unmanned Aerial Systems Market Profile & Forecast is annual sector study, authored by Phil Finnegan, focusing on lucrative business opportunities in the emerging civil government and commercial UAS market. This civil UAS market study includes: 10-Year Market Forecast, Covid-19 Pandemic Impact, Expert Analysis, Venture Capital, Regulations and Company Analysis.

Select Findings:

  • Teal Group estimates that non-military UAS market will total $108 billion over the next decade. It soars from $5 billion in 2020 to $18.4 billion in 2029, a 15.6% CAGR in constant dollars.
  • The commercial segment of the worldwide market will lead growth in civil UAS. It is projected to grow from $2.7 billion in 2020 to $15.3 billion in 2029, a 21.3% CAGR.
  • The pandemic is accelerating deployment of delivery drones and drones for inspection while cutting the flow of venture capital and hurting new projects in key segments such as oil and gas.
  • Delivery as a premium service promises to become the largest US market segment by the end of the forecast in 2029.
  • Over the ten-year forecast, industrial inspection will lead the commercial market in the United States with construction being the largest sub-segment.
  • The 10 largest worldwide construction firms are deploying or experimenting with UAS. Industrial inspection also includes energy, mining and railways.Agriculture will be the largest segment of the market worldwide thanks to Chinese subsidization of agricultural spraying drones.
  • Elsewhere, the ability to provide unmanned spraying of crops and imagery that improves the application of fertilizers, pesticides and water offers growth potential.
  • Low-cost, high-altitude, long endurance UAS for internet promises to create an entirely new market segment.
  • Airbus, BAE Systems and AeroVironment are all working on their own solar-powered UAS.Civil government UAS will be a much smaller segment than commercial, but the appeal is growing for border control and public safety.
  • Key European and US pilot programs are laying the foundations for larger programs.

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World Military Unmanned Aerial Systems Market Profile & Forecast is an annual sector study authored by Phil Finnegan, David Rockwell and Steve Zaloga. This study allows clients to identify lucrative potential business opportunities in the increasingly dynamic international military UAS market. It contains a wealth of timely intelligence and analysis on he systems, as well as requirements on a country-by-country basis. Features include: 10-Year Forecasts, Expert Analysis, Air Vehicles, Sensors and Requirements.

Select Findings:

  • Teal Group estimates that worldwide military UAS production will exceed $95 billion over the next decade.
  • It grows rapidly from $5.6 billion in 2020 to almost $14 billion in 2029.
  • Research and development will total $40 billion over the period, with nearly 69% of that coming from the United States.
  • The market is driven by costly high-altitude, long-endurance systems, low-cost Chinese exports, demand for armed UAVs, the development of the next generation of unmanned combat systems, and potential new applications such as missile defense.
  • The United States will lead the world market in demand, followed by Europe in second place and Asia-Pacific close behind in third position.
  • Over the ten-year forecast period, Medium-Altitude Long-Endurance (MALE) Aerial Vehicles will be the largest production type measured by value.
  • Unmanned Combat Aerial Vehicles will surpass MALE systems in annual production value by 2026.

For More Information About this Study – https://shop.tealgroup.com/collections/annual-sector-studies/products/wmuav