Unmanned Aerial Vehicle Market Size

Unmanned Aerial Vehicle Market size was over USD 36.04 billion in 2024 and is anticipated to cross USD 242.66 billion by 2037, growing at more than 15.8% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of cloud logistics is estimated at USD 40.6 billion.

Growing demand for secure communications, navigation, and reconnaissance has boosted the requirement for unmanned aerial vehicles (UAVs). UAV offers advanced aviation tools and features such as video surveillance missions, power-line inspection, relief operations in disaster environments, search and rescue, and remote sensing. Additionally, several governments are increasing their investments in the military sector to ensure that the national security agencies have the most up-to-date resources possible. For instance, Campaign on Military Spending-UK 2024 stated that in 2023, global military spending showed a growth rate of 6.8% surpassing USD 2.44 trillion since the Cold War ended.

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of cloud logistics is estimated at USD 40.6 billion.

The unmanned aerial vehicle market size was over USD 36.04 billion in 2024 and is anticipated to cross USD 242.66 billion by 2037, growing at more than 15.8% CAGR during the forecast period i.e., between 2025-2037. Growing demand for secure communications, navigation, and reconnaissance will fuel the market growth.

North America industry is predicted to dominate majority revenue share of 46% by 2037, impelled by surge in government funding to ensure advanced military and defense units for national security in this region.

The major players in the market are Delair SAS, DJI, Northrop Grumman Corporation, BATKAR TECH, THALES, Autel Robotics, General Atomics, Boeing, Teledyne Technologies Inc., Elbit System Ltd., and others.

Unmanned Aerial Vehicle Market Size