By GlobeNewswire – Press Releases
New York, United States, June 25, 2024 (GLOBE NEWSWIRE) — The Global Unmanned Helicopter Market Size is to Grow from USD 6.1 Billion in 2023 to USD 16.3 Billion by 2033, at a Compound Annual Growth Rate (CAGR) of 10.33% during the forecast period.
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The unmanned helicopter market is expanding rapidly as a result of technological breakthroughs and increased applicability in a variety of sectors. Unmanned helicopters are gaining popularity in both military and civilian applications, with capabilities ranging from surveillance and reconnaissance to cargo transportation and disaster assistance. The market is being pushed by reasons such as the need for cost-effective aerial operations, improved situational awareness, and an increasing demand for autonomous aerial vehicles. Technological advancements, such as longer battery life, sophisticated sensors, and autonomous navigation systems, are accelerating industry growth. Furthermore, the increasing use of unmanned helicopters for missions in distant or hazardous environments contributes to the market’s expansion. Overall, the unmanned helicopter industry is positioned for further growth as technology advances and new applications arise.
Browse key industry insights spread across 250 pages with 115 Market data tables and figures & charts from the report on the “Global Unmanned Helicopter Market Size, Share, and COVID-19 Impact Analysis, By Type (Small (0-20 lbs) and Medium (21-55 lbs)), By Application (Military, Government Agency), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.”
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Insights by Type
The medium (21-55 lbs) segment accounted for the largest market share over the forecast period 2023 to 2033. This class often includes unmanned helicopters with intermediate cargo capacities and operational capabilities, making them suitable for a variety of applications. Agriculture, environmental monitoring, and infrastructure inspection are all industries that are increasingly using medium-sized unmanned helicopters because of their ability to achieve a compromise between performance and cost. Furthermore, technological breakthroughs such as longer battery life, better sensors, and autonomous navigation systems are improving the capabilities of medium-sized unmanned helicopters, broadening their potential applications.
Insights by Application
The military segment dominates the market and has the largest market share over the forecast period 2023 to 2033. The strong growth is being driven by altering defence plans and the increased use of unmanned systems for a variety of operations. Unmanned helicopters provide strategic advantages in observation, reconnaissance, and intelligence gathering, giving armed forces better situational awareness and operational capabilities while reducing human risk. Furthermore, technological improvements have resulted in the development of unmanned helicopters with increased durability, payload capacity, and autonomy, boosting their efficacy in military missions. Additionally, geopolitical concerns and the necessity for border protection are pushing investment in unmanned helicopter systems by defence agencies around the world.
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Insights by Region
North America is anticipated to dominate the Unmanned Helicopter Market from 2023 to 2033. Regulatory complications pose a significant barrier, as the integration of unmanned aerial vehicles (UAVs) into civilian airspace necessitates precise norms and standards, which frequently slows progress. The usefulness of unmanned helicopters for long-duration or heavy-duty operations is limited by technical constraints such as limited battery life, payload capacity, and operational range. Furthermore, the hefty initial investment and maintenance expenses dissuade some potential customers, especially in industries with restricted budgets. Addressing these difficulties requires collaboration between industry players and regulatory agencies to streamline regulations, develop technical capabilities, and reduce costs.
Asia Pacific is witnessing the fastest market growth between 2023 to 2033. China, Japan, and South Korea are leading the way in innovation, developing and deploying unmanned helicopter systems for military, commercial, and civilian applications. Unmanned helicopters are used in the defence industry for surveillance, reconnaissance, and border security, which improves national security. Furthermore, the business sector is seeing increased adoption of unmanned helicopters for jobs such as aerial photography, agriculture, and infrastructure inspection, driven by the demand for cost-effective and efficient solutions. With supporting government policies, robust infrastructure, and a growing market for drone technology, the Asia-Pacific region is positioned to see considerable growth and investment in the unmanned helicopter industry in the coming years
Competitive Analysis:
The report offers the appropriate analysis of the key organizations/companies involved within the global market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market. Major vendors in the Global Unmanned Helicopter Market include Aeroscout GmbH, Airbus SE, Northrop Grumman Corporation, Lockheed Martin Corporation, Boeing Company, AirStar International, Inc, Israel Aerospace Industries Ltd., Leonardo S.p.A., Aurora Flight Sciences (Boeing company), Yamaha Motor Company, Saab Group, Russian Helicopters JSC, and and other key companies.
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Recent Market Developments
- In February 2022, Curtiss-Wright and Teledyne FLIR Defence have collaborated to provide unmanned systems and integrated solutions to the nuclear power industry and the US Department of Energy (DOE).
Market Segmentation
This study forecasts revenue at global, regional, and country levels from 2023 to 2033.
Unmanned Helicopter Market, Type Analysis
- Small (0-20 lbs)
- Medium (21-55 lbs)
Unmanned Helicopter Market, Application Analysis
- Military
- Government Agency
Unmanned Helicopter Market, Regional Analysis
- North America
- Europe
- Germany
- Uk
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
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Source: GlobeNewswire – Press Releases