Global Military Drones Market

The military helicopter market consists of sales of military aircraft by entities (organizations, sole traders, and partnerships) that produce military helicopters. A military aircraft is specifically built or converted for military missions such as transport of troops, combat search, and rescue (CSAR), medical evacuation (MEDEVAC), airborne command post, or armed with weapons for attacking ground targets. Only goods and services traded between entities or sold to end consumers are included. The global military helicopters market is expected to grow from $50.75 billion in 2020 to $52.27 billion in 2021 at a compound annual growth rate (CAGR) of 3%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $67.5 billion in 2025 at a CAGR of 6.6%. The military helicopter market covered in this report is segmented by type into light military helicopter; medium military helicopter; heavy military helicopter. Increasing military expenditure contributed to the growth of the military helicopters market growth. According to the Stockholm International Peace Research Institute (SIPRI), the global military expenditure reached $1917 billion in 2019, 3.6% up from $1822 billion in 2018, and the highest annual growth in expenditure since 2010. The USA, China, India, Russia, and Saudi Arabia together accounted for 62% of total global expenditure. Moreover, global military spending represented 2.2% of the global gross domestic product (GDP) in 2019. The growth in military expenditure led to an increase in theprocurement of warships, submarines, aircraft, and helicopters, thereby generated higher revenues for the military helicopters market. Stringent regulations imposed on the manufacturing and maintenance of military helicopters is expected to limit the growth of the military helicopters market. The aircraft manufacturing and maintenance process is highly regulated by the government organizations of every country. According to the Journal of Aeronautics & Aerospace Engineering, the maintenance, repair, and overhaul (MRO) organizations need to be approved by aviation authorities such as European Aviation Safety Agency (EASA) and the Federal Aviation Administration (FAA). The equipment used in the manufacturing and maintenance process must be certified and licensed. This scenario is predicted to restrict the growth of the military helicopters market over the forecast period. Technological advancements in the helicopter manufacturing process is shaping the military helicopters market. The global helicopter industry is undergoing a substantial transformation in recent years. Significant technological advancements including extensive use of additive manufacturing, computation structural dynamics modelling, advanced condition-based maintenance (CBM), fly by wire controls, health and usage monitoring systems (HUMS), and advanced turbine engine programs are promising big leap in the rotorcraft capabilities. For instance, in July 2019, Russian Helicopters Holding Company announced that the company is planning to re-engineer and manufacture about 30 helicopter parts using 3D printing technology. The major players covered in the global military helicopters market are Airbus, BAE Systems, Boeing, China Aerospace Science and Industry Corporation, Enstrom Helicopter Corporation, Hindustan Aeronautics Limited, Korea Aerospace Industries, Leonardo S.p.A., Lockheed Martin, NHIndustries, Russian Helicopters, Textron, Turkish Aerospace Industries, Kawasaki Aerospace Company. The countries covered in the global military helicopters market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The regions covered in the global military helicopters market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The global military helicopters market is segmented - 1) By Type: Light Military Helicopter, Medium Military Helicopter, Heavy Military Helicopter 2) By Application: Utility Military Helicopter, Transport Military Helicopter, Attack/Assault Military Helicopter, Search and Rescue Military Helicopter, Multi-Role Military Helicopter, Reconnaissance and Observation Military Helicopter 3) By Number of Engine: Single, Twin Engine 4) By Component & System: Airframe, Main Rotor Sysmtems, Anti-Torque systems, Electrical Systems, Hydraulic Systems, Avionics, Stability Augmentation Systems, Flight Control Systems, Undercarriages, Environmental Control Systems, Emergency Services, Special-purpose Systems, Engines

The consumer (recreational) drones market consists of sales of consumer (recreational) drones and related services. These drones are unmanned aerial vehicles used for purposes of entertainment and have simple-to-use controls targeted at general public use rather than for commercial purposes. The global consumer drones market is expected grow from $2.09 billion in 2020 to $2.34 billion in 2021 at a compound annual growth rate (CAGR) of 12%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $3.26 billion in 2025 at a CAGR of 9%. The consumer drones market covered in this report is segmented by type into fixed wing drone; rotary blade drone; hybrid drone. The rising popularity of aerial photography is driving the consumer (recreational) drones market. Photography enthusiasts are increasingly using drones to capture photographs and videos from a birds-eye view, which would otherwise require high-end video cranes. This increase in popularity has led consumers to purchase hobbyist drones and use them for photography purposes, driving market growth. According to the United States Federal Aviation Administration, there were 1.1 million small hobbyist drones in 2016 and this is expected to triple in number to reach 3.5 million by 2021. The slowdown in use of commercial drones for outdoor activities, and unavailability of the workforce to carry out necessary operations owing to the COVID-19 outbreak is projected to limit the growth of the consumer drones industry. According to the World Health Organization, coronavirus is spread in 214 countries worldwide disrupting the manufacturing and logistics across various industries. Various e-commerce companies have discontinued the supply of non-essential items affecting the consumer drones industry along with other electronic supplies. Many countries have announced lockdowns, prohibiting inessential movement of their citizens out of their houses. Moreover, the shutdowns of major brand stores, hypermarkets and supermarkets have resulted in a decline in the sales through offline channels. According to Bisinfotech magazine published in March 2020, COVID-19 outbreak has affected the bilateral trade worth $87 billion, with 163 fortune 1000 companies around the globe having one or more direct (tier-1) suppliers impacted and at least five million companies have one or more tier-2 suppliers affected by the outbreak. Therefore, the slowdown in use of commercial drones for outdoor activities alongside negative impact on production activities, logistics and unavailability of the workforce during coronavirus outbreak is expected to act as a major restraint for the growth of the consumer drones market in the near future. Drone manufacturers are increasingly using artificial intelligence to enable automation of consumer drones. Consumer drones that fly beyond the controller's range and line-of-sight are being equipped with self-navigating technology through the integration of deep-learning algorithms and other machine learning methods. Drones are usually controlled using a wireless remote controller. However, with artificial intelligence, flight instructions can be programmed within the drone itself. Using variables such as target location, engine rotor speed, height, air-speed velocity and other environmental factors, the drone can learn how to fly by itself and make self-corrections whenever necessary. For example, Skydio has created a drone called the R1, which uses machine learning to maneuver itself in mid-air and follow a person (target) wherever they go. In January 2020, Red Cat Holdings Inc. announced the acquisition of Rotor Riot for an undisclosed amount. This acquisition is expected to combine resources and expertise to facilitate growth for both the companies in order to expand the consumer base for FPV drones. The companies also aim at developing and providing new and exciting technologies for drones for hobby, lifestyle and commercial industry. Rotor Riot is a provider of FPV freestyle drone content and products for sport and hobby. The major players covered in the global consumer drones market are 3D Robotics, Cheerson, Parrot S.A, DJI, Yuneec, EHang, Airdog, GoPro, Guangdong Cheerson Hobby Technology, Hobbico, Shenzhen Hubsan Technology, Horizon Hobby, Guangdong Syma Model Aircraft Industrial, Walkera, ZEROTECH. The countries covered in the global consumer drones market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The regions covered in the global consumer drones market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The global consumer drones market is segmented - 1) By Type: Fixed Wing Drone, Rotary Blade Drone, Hybrid Drone 2) By Technology: Remotely Operated Drone, Semi-Autonomous Drone, Autonomous Drone 3) By Application: Hobbyist & Gaming, Aerial Photography, Others

The military drones market consists of sales of military drones and related services. The military drones are specifically used for military purposes such as border surveillance, battle damage management, combat operations, communication, delivery, and anti-terrorism weaponry. Military drones include tactical drones, MALE (Medium Altitude, Long Endurance) drones, HALE (High Altitude, Long Endurance) drones, TUAV (Tactical Unmanned Air Vehicle) drones, UCAV (Unmanned Combat Air Vehicle) drones, SUAV (Small Unmanned Air Vehicle) drones, and others. The global military drones market is expected grow from $12.85 billion in 2020 to $14.61 billion in 2021 at a compound annual growth rate (CAGR) of 13.7%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $32.14 billion in 2025 at a CAGR of 22%. The military drones market covered in this report is segmented by drone type into MALE, HALE, TUAV, UCAV, SUAV. Increasing government funding on military drones to enhance efficiency in military operations boosts the demand for the production of military drones. According to the 2018 report published by the Bard College Center for the Study of the Drone, in 2019, the U.S. Navy funding for unmanned systems increased by $1 billion (38%) and the U.S Army funding increased by $719 million (73%), when compared to 2018. Furthermore, the Department of Defense in the US requested approximately $9.39 billion for drones and associated technologies in the fiscal year 2019, representing a significant expansion of 26% in drone spending over the 2018 budget, which was $7.5 billion. Hence, the increasing government spending on unmanned drones is driving the military drones market. The production and delivery are the two factors likely to limit the development of military drone’s market during 2020. The COVID19 outbreak impacted the supply chains for various industries including the auto industry, electronics industry, food industry, pharma industry, and defense industry across the globe. Many manufacturing plants are operating at minimal capacities or have shut down their operations completely. According to Air Force Technology publication on 7th April 2020, COVID19 disrupted defense supply chains. The production and assembling activities have been stopped by the big companies owing to the COVID19 lockdowns. Therefore, the productions and disruptions are deteriorating the distribution and supply of military drones, which in turn, is expected to decline the military drones sales during 2020. Drone swarm technology is growing its popularity in the military drones market due to its cost efficiency and high fire-power. Drone swarms are a large group of small drones that coordinate with each other to perform actions such as a survey of enemy territories, search and rescue and attacks on hostile objects. Drone swarm technology involves the production of several small cheap drones than one large expensive drone, therefore offering military drone manufacturers and end-users efficiency in terms of cost and time. With the use of advanced swarm technologies, military and armed forces can effectively carry out lethal drone strikes in multiple places at once. For instance, Microsystems developed a drone swarming system called the WOLF-PAK in 2017 which has the capability to fly small drones in groups and make them split away from the group whenever necessary. In 2019, the U.S Defense Advanced Research Projects Agency (DARPA), and the U.S Air Force Research Lab are investing on a project called Gremlins involving multiple controlled micro-drones that drop out of cargo planes to swarm enemy defenses. In July 2020, UAS Drone Corp, a Israel based company that design, develop and manufacture unmanned aerial systems. and acquired Duke Robotics, Inc. with this acquisitions the main focus is on Duke Robotics business to expand its presence in military drone market with TIKAD – a UAS Octocopter Integrated with Six Degrees of Freedom (“6 DOF”) Robotic Gimbal system which enables remote, real-time firing of small arms and light weapons. Duke Robotics, a cross-disciplinary association of research labs and teaching faculty conducting world-class research and training future generations of thinkers and creators. Major players in the market are Northrop Grumman, Lockheed Martin, Boeing, AeroVironment, General Atomics. The major players covered in the global military drones market are Northrop Grumman, Lockheed Martin, Boeing, AeroVironment, General Atomics, Textron, Elbit Systems, Israel Aerospace Industries, Thales, China Aerospace Science And Technology Corporation, Aeronautics, BAE Systems, Ball Corporation, Airbus, IAI, AVIC, CASC, Raytheon, Saab, Leonardo S.P.A, Space Exploration Technologies Corporation, Mitsubishi Electric Corporation, Orbital ATK Inc., Planet Labs Inc., VTOL Technologies. The countries covered in the global military drones market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The regions covered in the global military drones market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The global military drones market is segmented - 1) By Drone Type: MALE, HALE, TUAV, UCAV, SUAV 2) By Type: Fixed-Wing, Rotary Wing, Hybrid 3) By Technology: Remotely Operated, Semi-Autonomous, Autonomous 4) By Application: Search and Rescue, National Defense, Military Excercises, Others

The commercial drones market consists of sales of commercial drones. These multi-functional flying devices are used by entities to collect and consolidate data, conduct safety and security checks and inspection. This market mainly comprises of fixed wing drones, rotary blade drones and hybrid wing drones supported by a variety of services and used for a variety of applications. The global commercial drones market is expected grow from $3.73 billion in 2020 to $4.48 billion in 2021 at a compound annual growth rate (CAGR) of 20.1%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $9.78 billion in 2025 at a CAGR of 22%. The commercial drones market covered in this report is segmented by type into fixed wing drones, rotary blade drones, hybrid drones. Commercial drones are being considered by companies that have last-mile delivery as a main business process. The drones will help reduce cost per delivery and delivery time, thus increasing profits. Therefore, increasing the growth of the commercial drone’s market. According to a McKinsey report, if companies save 40% of their delivery costs using drones, then they will enjoy a 15-20% increase in their profit margin and a 15-20% decrease in their product or service prices. For example, in March 2019, Zomato, an Indian food delivery company, has conducted experiments to enable drone delivery in their value chain. Increasing supply chain and manufacturing disruptions are limiting the sales of drones owing to the COVID19 outbreak. Drones manufacturers are struggling to meet production schedules across the world owing to the disruptions caused by coronavirus lockdowns in Chinese manufacturing systems. According to Drone Life’s article posted in March 2020, Skydio, a USA-based company engaged in assembling drones, is suffering from supply chain disruptions caused by the slowdown in the manufacturing of the parts. Moreover, many companies are experiencing slowdowns of shutdowns in manufacturing activities due to COVID19 lockdowns, which is impacting the availability of subcomponents to the assembling companies in a snowball effect. Therefore, the disruptions in the supply chain and manufacturing disruption are expected to restrict the growth of the commercial drone’s market during 2020. Drone leasing is a better offer for most companies seeking to save on drone-related investments. Many entry-level companies that do not have sufficient financial backing can aid themselves with leasing drone-related solutions rather than purchasing them at full price. For example, Kespry and LiDARUSA are companies that focus on leasing commercial drones to other companies. In January 2019, FLIR systems, Inc., a US-based company which designs, manufactures, and markets thermal imaging and infrared camera systems, acquired Aeryon Labs for $200 million. With this acquisition, FLIR Systems will integrate their current offerings with drone technology to provide multiple solutions to many different issues. Aeryon Labs, a leading developer of high-performance unmanned aerial systems (UAS) for the global military, public safety and critical infrastructure markets. The major players covered in the global commercial drones market are DJI, Parrot SA, Aerovironment, PrecisionHawk, Draganfly, 3D Robotics, AsTec, XAIRCRAFT, ZeroTech, ZeroTech, Yamaha, Lockheed Martin, Yuneec, DroneDeploy, SenseFly, Insitu, Kespry, LiDARUSA, Ehang, Delair, Nutel, CyPhy, Aerialtronics, GoPro, FLIR, Intel. The countries covered in the global commercial drones market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The regions covered in the global commercial drones market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The global commercial drones market is segmented - 1) By Type: Fixed Wing Drones, Rotary Blade Drones, Hybrid Drones 2) By Application: Agriculture and Environment, Media and Entertainment, Energy, Government, Construction & Archaeology, Others 3) By Technology: Remotely Operated, Semi-Autonomous, Autonomous

The autonomous military weapons market consists of sales of autonomous military weapons, which when activated, search, detect, evaluate the threat, track and attack enemy targets and work based on sophisticated algorithms without further intervention by a human operator. It requires the integration of several core elements like a mobile combat platform such as drone aircraft, ship, or ground vehicle, various types of sensors to scrutinize the surroundings, processing systems to classify objects discovered by the sensors, and algorithms directing the platform to initiate attack when an allowable target is detected. The market consists of revenue generated by the companies manufacturing autonomous military weapons by the sales of these products. The global autonomous military weapons market is expected grow from $12.21 billion in 2020 to $13.3 billion in 2021 at a compound annual growth rate (CAGR) of 8.9%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $20.31 billion in 2025 at a CAGR of 11%. The autonomous military weapons market covered in this report is segmented by type into autonomous; semi-autonomous. It is also segmented by product into missiles; rockets; guided bombs; target pods; others and by the platform into the land; airborne; naval. The ability to perform dangerous tasks with precision contributed to the growth of autonomous military weapons market. Autonomy in weapons enables to keep army personnel away from dangerous tasks or any imminent risk to human life. Besides this, increased reaction speed in decision making and eyes on the target will potentially increase accuracy. It has access to larger amount of information, greater accuracy and greater predictability for certain functions freeing humans from dull or repetitive tasks along with permitting access to environments that are inaccessible to remote control technologies. Major countries such as the USA, China and Russia are significantly investing in artificial intelligence (AI) for weapons and are competing for superiority in this segment. For instance, Russia is investing $719 million until 2021 in the AI research and development for weapons. The ability to hit the target without human involvement along with minimizing risk to human life increased the demand for the autonomous military weapons market. The risk posed by autonomous weapons compelled the researchers and designers to decide against manufacturing them, hampering the growth of the market. For instance, in 2018, around 240 organizations involved in artificial intelligence and nearly 3,100 individuals vowed not to be involved in development of autonomous weapon systems. Moreover, in 2017, about 137 CEOs of companies in artificial intelligence urged the UN to ban lethal autonomous weapons. The strong objection from around the world to manufacture autonomous military weapons is a hindrance for the market growth. In March 2018, IMI systems, a state-owned weapons maker of Israel, was sold to Elbit for $522 million. IMI systems was the manufacturer of the Uzi sub-machine gun and the Galil assault rifle. It manufactures armored vehicles and also trains security agents. The deal will create a company with a heavy emphasis on research and development, and whose product range will extend from IMI’s shoulder-launched missiles, precision-guided mortar munitions and rocket-propulsion systems to Elbit’s portfolio of avionic systems, drones, and intelligence and cybertechnology. Elbit would also relocate the IMI facilities from central Israel to the southern Negev area. The major players covered in the global autonomous military weapons market are Lockheed Martin, Boeing, Raytheon, AVIC, CASC, Rostec, Israel Aerospace Industries, Elbit Systems, Rafael, STM, BAE Systems plc, MBDA, General Dynamics Corporation, Textron Inc., Northrop Grumman, Rheinmetall AG, KBP Instrument Design Bureau, Kongsberg Gruppen, NORINCO, Denel SOC Ltd., Kalashnikov Concern. The countries covered in the global autonomous military weapons market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The regions covered in the global autonomous military weapons market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The global autonomous military weapons market is segmented - 1) By Type: Autonomous, Semi-Autonomous 2) By Product: Missiles, Rockets, Guided Bombs, Target Pods, Others 3) By Platform: Land, Airborne, Naval

The explosives market consists of revenues earned by entities (organizations, sole traders, and partnerships) that are engaged in the production and distribution of explosives. Explosives refer to materials, mixtures, and chemical compounds that are capable of exploding. The explosives are majorly divided into two categories i.e., high explosives (used in defense & military applications) and low explosives (used in civilian applications). Trinitrotoluene (TNT), RDX, and acetone peroxide (TATP) are a few of the most powerful explosives the find their applications in military, mining, and industrial applications. The global explosives market is expected grow from $28.94 billion in 2020 to $30.04 billion in 2021 at a compound annual growth rate (CAGR) of 3.8%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $38.42 billion in 2025 at a CAGR of 6%. The explosives market covered in this report is segmented by type into C4; HMX; PETN; RDX; dynamite; ANFO; others and by application into the military; mining; quarrying; construction; others. The contractors in the explosives market are currently resilient on the defense side as they are not affected by the COVID-19 outbreak in the short-to-mid-term. The production has been affected due to disruption in the supply chain. However, the demand for the next couple of years is stable owing to the budgets that have been allotted for the projects in advance, before the outbreak of the pandemic. But the pandemic affects the demand from construction and mining sectors due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The surge in government spending on the defense sector in various countries including the USA, China, India, Russia, UK, and France is projected to be a major driver for the growth of the explosives market during the period. For instance, for the financial year 2020-21, the Indian Ministry of Defense has been allocated $66.9 billion (INR 471,378 crores) which constituted 15.5% of the central government’s total budget. Similarly, according to the Stockholm International Peace Research Institute (SIPRI), the global military expenditure increased by 3.6% to reach $ 1,917 billion in 2019. Therefore, the rising government expenditure on the defense sector is anticipated to boost the demand for explosives from the defense sector over the forecast period. Stringent regulations imposed by the government on the manufacturing and usage of explosives are expected to limit the growth of the explosives market. Explosives are harmful to the environment as well as for humans, therefore, stringent regulations are imposed on the production, storage, and use of civilian and military explosives. For instance, according to the Connecticut General Assembly (CGA), the state explosives laws are enforced by the Department of Construction Services (DCS) under CGS 29-349 guidelines. DCS mandates license and permit before transporting, using, procuring, manufacturing, selling, and storing explosives. Additionally, the government of Canada, according to the Explosives Regulations 2013, eliminated the purchase and possession permit issued by the vendors on behalf of the Explosives Regulatory division to ensure safety. Major players operating in the explosives market are adopting various sustainable or green approaches to develop smart blasting to reduce the impact of explosives on the environment. For instance, AEL- Intelligent Blasting company announced plans to develop green solutions for mines in Francophone West Africa. In July 2019, the company announced to introduce the eco-formulation of surface emulsion that utilizes waste oil generated by the mines, which will help companies to reduce the carbon footprint. Therefore, the introduction of green approaches for smart blasting is a key trend shaping the growth of the explosives market. In February 2020, Orica announced the acquisition of Exsa, industrial explosives manufacturer and distributor based in Peru, South America for $302 million. The acquisition is expected to establish Orica as one of the leading players in South America and to change Orica’s manufacturing footprint, driving competitive advantage, and enhance the company’s position in South America. Exsa is a Peruvian company engaged in providing solutions in rock fragmentation for infrastructure and mining industries. The major players covered in the global explosives market are Orica Mining Services, Sasol Limited, Austin Powder Company, Dyno Nobel, NOF Corp., BME Mining, China Poly Group, Chemring Group, Maxam Corp., ENAEX, Incitec Pivot, AECI Group, Pyro Company Fireworks, ePC Group, Alliant Techsystems, AEL Mining Services, Titanobel SAS, Hanwha Corp., Solar Industries India, LSB Industries, Zambelli Fireworks, Melrose Pyrotechnics, Angelfire Pyrotechnics, Skyburst, Howard & Sons, Supreme Fireworks UK, Entertainment Fire-works, Celebration Fireworks, Impact Pyro, Societe Nationale Des Poudres Et Explosifs (SNPE). The countries covered in the global explosives market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The regions covered in the global explosives market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The global explosives market is segmented - 1) By Type: C4, HMX, PETN, RDX, Dynamite, ANFO, Others 2) By Application: Military, Mining, Quarrying, Construction, Others 3) By Pyrotechnics Application: Display, Consumer, Procimate, Others

The market for unmanned commercial aerial vehicle consists of sales of unmanned commercial aerial vehicles, which are miniature pilotless aircrafts including remotely piloted aerial vehicles and unpiloted aerial vehicles, controlled to carry small payloads, perform delivery and minor services, commercial inspections and operations such as photography and videography. The market consists of revenue generated by the company’s manufacturing the unmanned commercial aerial vehicles by the sales of these products. The global unmanned commercial aerial vehicle market is expected grow from $1.42 billion in 2020 to $1.73 billion in 2021 at a compound annual growth rate (CAGR) of 21.8%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $3.48 billion in 2025 at a CAGR of 19%. The unmanned commercial aerial vehicle market covered in this report is categorized by segment: fixed-wing UAVs; multi-rotor aerial vehicles; rotary blade type UAVs and by end-user into agriculture; energy; public utilities; construction; media and entertainment; government; others. Increasing applications of unmanned aerial vehicles (UAVs) in the commercial sectors contributed to the growth of unmanned commercial aerial vehicle market. Faster delivery of goods and increasing transportation of products such as small packages, food, medical supplies and others has great significance in the commercial sector. The commercial usage of UAVs in various industries such as agriculture, mining, security and law enforcement, journalism, and media & entertainment for various tasks such as surveys, maintenance operations, long-range sensing, aerial photography, inspecting of damaged assets, monitoring crops, collecting soil data and other high risk and dangerous operations. For instance, agriculture drone which is an UAV empowers the farmer to adapt to specific environments and make mindful choices. The gained data from drones helps regulate crop health, crop treatment, crop scouting, soil analysis and crop damage assessments. Increased applications in diverse fields with extraordinary advantages drive the unmanned commercial aerial vehicles market. Security and privacy concerns are expected to limit the growth of unmanned commercial aerial vehicle market. Risks are always associated with UAVs as they are vulnerable to hacking. UAVs rely on different sensors to locate and calculate flight altitude and information is exchanged between UAV and Ground Control Station (GCS), and therefore, rely on communication links, which may be susceptible to hacking. According to Allianz Global Corporate & Specialty’s “Rise of the Drones” report, drones can be hacked and drone control can be taken and this can be a threat as hacked drones data can be misused or it can also be used to cause attacks and injuries. Increased security and privacy problems linked with UAVs resulting in increased risk of hacking and privacy disclosure is limiting the growth of the unmanned commercial aerial vehicle market. Unmanned commercial aerial vehicle manufacturing companies are implementing improved batteries in their UAVs which could fly for longer and farther on just a single charge. Improvements in battery technology can be seen by the replacement of lithium-ion batteries with lithium-metal batteries which has twice the capacity and half the size when compared with the former ones. In April 2019, Cuberg, a USA-based startup, with the support of Boeing and U.S Department of Energy developed the lithium metal battery that was used in a quadcopter and flew 70% longer than the one powered by a lithium-ion battery. It uses non-flammable electrolyte that erases the safety risks associated with the common lithium-ion batteries. In Nov 2018, Precision Hawk acquired Uplift Data Partners for an undisclosed amount. Precision Hawk and Delair are two of the largest commercial drone companies, and both are pursuing strategies that involve organic and acquisitive growth. Uplift specializes in the delivery of inspection services for construction, building information management and real-estate. It has provided drone services for leading companies, including Amazon, Apple, Macy’s, CVS Pharmacy, Dollar General and others. The combination of Precision Hawk’s leading-edge products and services with Uplift’s industry experience and training standards is expected to provide best-in-class aerial data and analytics for complex construction and facility inspection projects through a simple and easy to procure process. The industry is consolidating to provide customized applications and enhance services to increase the customer base. The major players covered in the global unmanned commercial aerial vehicle market are AeroVironment Inc., BAE Systems, DJI, Elbit Systems, General Atomics, Israel Aerospace Industries, Lockheed Martin Corporation, Northrop Grumman, Parrot SA, Textron Inc., The Boeing Company, 3D Robotics, SAIC, Denel Dynamics, Textron Inc, Ambarella, Aurora Flight, Challis Heliplane Uav Inc, Draganflyer, General Dynamic Corporation, Aerospace Industry, Prox Dynamic A, Thales Group, Turkish Aerospace Industry Inc, PrecisionHawk Inc, Aeryon Labs Inc., YAMAHA, Da-Jiang, AscTec, IAI, Zerotech. The countries covered in the global unmanned commercial aerial vehicle market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The regions covered in the global unmanned commercial aerial vehicle market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The global unmanned commercial aerial vehicle market is segmented - 1) By Segment: Fixed-Wing UAVs, Multi-Rotor Aerial Vehicles, Rotary Blade Type UAV 2) By End-User: Agriculture, Energy, Public utilities, Construction, Media and Entertainment, Government, Others 3) By Mode Of Operation: Remotelly Piloted, Optionally Piloted, Fully Autonomous

The unmanned defense aerial vehicle market consists of sales of unmanned aerial vehicles (UAV) and related services to defense. Unmanned aerial vehicles are drones and aircrafts with no onboard human and are guided autonomously. UAVs carry sensors, target designators, aircraft ordnance such as ATGMs, missiles, and bombs, or electronic transmitters that are designed to destroy enemy targets. The global unmanned defense aerial vehicle market is expected grow from $6.9 billion in 2020 to $7.71 billion in 2021 at a compound annual growth rate (CAGR) of 11.7%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $18.76 billion in 2025 at a CAGR of 25%. The unmanned defense aerial vehicle market covered in this report is segmented by UAV type into multi rotor; single rotor; fixed wing; fixed wing hybrid VTOL. Increasing spend on defense for unmanned technologies is predicted to contribute to the growth of unmanned defense aerial vehicle market during the forecast period. According to National Defense India’s Business Technology Magazine published in January 2020, the global spending on unmanned aerial vehicles is projected to witness major expansion owing to growing military investments over the coming decade. The defense sector across the globe is set to invest $98 billion in new strike capabilities and intelligence gathering applications. Moreover, the USA defense procurement is expected to ramp up from $2.5 billion in 2020 to approximately $3.3 billion by the end of 2030. Thus, the increasing spend on R&D by the defense sector on unmanned technologies is anticipated to propel the revenues for the unmanned defense aerial vehicles market over the forthcoming years. The stringent regulations imposed by the government on the use of unmanned defense aerial vehicles are projected to limit the growth of the market during the period. The governments of various countries are implementing various regulations associated with the use of unmanned aerial vehicles (UAVs). According to the Library of Congress’ Regulation of Drones report, the new regulation imposed by the government of Canada on UAVs provides a classification for unmanned aerial vehicles on the bases of risks involved in the use. The operations of UAVs weighing 25 kg or more are subject to the licensing requirements. Similarly, the Federal Aviation Administration (FAA) imposed restriction on unmanned vehicles to fly below 400 feet within the lateral boundaries of US military facilities and violation of this rule is subject to enforcement action, which includes civil penalties and criminal charges. Therefore, the government regulations associated with the usage of UAVs is expected to act as a major factor hampering the growth of unmanned defense aerial vehicles market during the forecast period. The business expansion by key players operating in the industry is a leading trend in the unmanned defense aerial vehicle market. For instance, in December 2019, Turkish Aerospace Industries Inc. (TUSAS) opened a new office in National Science & Technology Park (NSTP) located in Pakistan. The company became the first Turkish entity to set up its operations in the country. TUSAS is Turkey’s main aerospace contractor engaged in designing, development, and manufacturing of military aircraft for Turkish Armed Forces (TSK). The product portfolio of the company includes Anka unmanned aerial vehicle (UAV), T129 ATAK attack helicopter, and Hürkus trainer and light combat aircraft. Hence, the business expansions by leading players are shaping the unmanned defense aerial vehicle market. In September 2019, BAE Systems announced the acquisition of a UK-based Prismatic company for an undisclosed amount. The acquisition is aimed towards developing solar-powered unmanned aerial vehicles (UAVs) technology. The companies together recently teamed up to build two PHASA-35 UAVs. The Prismatic company was founded in 2011 and is engaged in developing small satellites, solar electric UAVs, High Altitude Long Endurance (HALE), and unmanned aerial vehicles (UAVs) for defense and security applications. The major players covered in the global unmanned defense aerial vehicle market are Boeing, BAE Systems, PLC, DJI, Elbit Systems, General Atomics, Israel Aerospace Industries, Northrop Grumman, Textron, AeroVironment, Lockheed Martin Corporation, 3D Robotics, Action Drone, AguaDrone, Airbus, Autel Robotics, CyPhy, Delair, Dragonfly Innovations Inc., Hubsan, Insitu, Kespry, Parrot, Yuneec International Co. Ltd. The countries covered in the global unmanned defense aerial vehicle market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The regions covered in the global unmanned defense aerial vehicle market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The global unmanned defense aerial vehicle market is segmented - 1) By UAV Type: Multi Rotor, Single Rotor, Fixed Wing, Fixed Wing Hybrid VTOL 2) By Range: Visual Line of Sight (VLOS), Extended Visual Line of Sight (EVLOS), Beyond Line of Sight (BLOS) 3) By Technology: Remotely Operated, Semi-Autonomous, Fully-Autonomous