The global unmanned helicopter market size is predicted to hit USD 15.12 billion by 2029 and exhibit a CAGR of 15.09% during the forecast period. The mounting demand for helicopter drones for commercial applications is anticipated to amplify the market growth. Fortune Business Insights has presented this information in its report titled, “Unmanned Helicopter Market, 2022-2029”. The market size stood at USD 5.19 billion in 2021 and USD 5.67 billion in 2022.
Additionally, the development of technologically advanced pocket-sized unmanned helicopters is estimated to be a key trend bolstering the market growth in the forthcoming years.
Get a Sample PDF Brochure:
Russia-Ukraine War Impact
Exponential Demand for Anti-Jamming Antennas to Disrupt Industry Growth
At a time when the aviation industry is gearing to overcome the COVID-19 pandemic, the Russia-Ukraine war has disrupted the market forecast. Notably, the demand for anti-detection systems and GPS gained an uptick. So much so that European countries exhibited profound demand for secure transmission systems. Industry players have witnessed strong demand for multi-platform anti-jamming antennas being used to prevent detection and intrusion from enemies. The conflict had an indirect impact on air traffic and the raw material supply chain.
Fortune Business Insights™ lists out all the Unmanned Helicopter Marketcompanies that are presently striving to reduce the impact of Covid-19 pandemic on the market:
- VELOS ROTORS LLC (U.S.)
- LAFLAMME AERO INC. (Canada)
- STEADICOPTER (Israel)
- CybAero AB (Sweden)
- Alpha Unmanned Systems (Spain)
- Schiebel Corporation (Austria)
- HELIPSE (France)
- Aeroscout GmbH (Switzerland)
- HighEye (Netherlands)
- Anduril Industries (U.S.)
- Aeryon/FLIR (U.S.)
- Quantum Systems (Germany)
- Northrop Grumman Corporation (U.S.)
- UMS Skeldar (Switzerland)
On the basis of type, the market is bifurcated into medium (21-55 lbs) and small (0-20 lbs). On the basis of application, the market is trifurcated into industrial, government agency, and military. Geographically, the market is classified into North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America.
- It includes a detailed description and analysis of various segments of the market.
- It highlights the latest key industry developments.
- It includes a detailed analysis of the coronavirus pandemic.
- It assimilates the crucial drivers and restraints of the market’s expansion.
- It highlights the market’s growth analyzed and forecasted across various geographies.
Inquire Before Buying This Research Report:
Drivers & Restraints-
Soaring Demand for Helicopter Drone for Commercial Applications to Strengthen Market Growth
The collective interest in unmanned helicopters for remote sensing tasks has increased in recent years. These helicopters provide precise flight control and operations in windy or cluttered environments. They can fly at low speeds which serves them as an ultimate advantage. Moreover, the growing demand for unmanned technologies due to evolving warfare techniques and battlefield management has augmented the demand for advanced and modern equipment. Several nations around the globe have ramped up their expenditure on procuring the most advanced defense equipment, including unmanned helicopters. These factors are likely to foster growth in the global market.
However, strict regulations and high products costs may impede the market growth during the forecast period.
Favorable Government Regulations to Fuel Growth in North America
North America is anticipated to acquire a huge unmanned helicopter market share. The increasing modernization programs for existing defense structures and rising technological advancements are anticipated to boost the region’s market growth. Favorable government regulations and mounting demand for UAV technology and unmanned helicopter services are expected to further propel the market’s expansion.
Asia Pacific is expected to gain remarkable growth in the global market. The growing technological developments in the defense sector across India, China, and others are anticipated to favor the market expansion in Asia Pacific.
Europe is anticipated to exhibit substantial growth in the forthcoming years. The growing availability of ingenious technology-based leasing facilities is predicted to benefit the market’s expansion. The rising investments by major players in adopting and developing machine learning and artificial intelligence to improve unmanned flight operations are estimated to boost growth in Asia Pacific.
Detailed Table of Content:
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Executive Summary
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Key Insights
- Key Industry Developments –Mergers, Acquisitions and Partnerships
- Latest technological Advancements
- Porters Five Forces Analysis
- Supply Chain Analysis
- Qualitative Insights
- Impact of COVID-19 on the Unmanned Helicopter Market
- Supply Chain Challenges
- Steps Taken by the Industry/Government/Companies to Overcome the Impact
- Key Developments in the Industry in Response to COVID-19
- Potential Opportunities due to COVID-19 Outbreak
- Global Unmanned Helicopter Market Analysis, Insights and Forecast, 2018-2029
- Segmental Definitions
- Market Analysis, Insights and Forecast – By Type
- Small (0-20 bs)
- Medium (21-55 lbs)
- Market Analysis, Insights and Forecast – By Application
- Search & Rescue
- Naval Support
- Border Support
- Government Agency
- Public Safety
- Search & Rescue
Key Players Adopt Ingenious Strategies to Escalate their Global Positions
The major players operating in the market emphasize upgrading current product portfolios by incorporating advanced technologies to enhance their offerings. The major market players adopt ingenious strategies, including contracts, acquisitions, mergers, collaborations, and others to amplify their growth prospects. For instance, General Dynamics Mission Systems (Canada) unveiled its new Remotely Piloted Aircraft System (RPAS) Centre of Excellence in Sherbrooke in August 2021.
Key Industry Development-
- February 2021: SPH Engineering and Velos Rotors signed a collaborative agreement to help the world’s first single-rotor helicopter take off for surveying.
Speak to Analyst:
Have a Look at Related Research Insights?
Unmanned Aerial Vehicle Market Size | UAV Industry Report 2027
Military Drone Market Size, Share | Growth Analysis [2022-2029]
Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.
Fortune Business Insights™ Pvt. Ltd.
9th Floor, Icon Tower,
Baner – Mahalunge Road,
Baner, Pune-411045, Maharashtra, India.
US: +1 424 253 0390
UK: +44 2071 939123
APAC: +91 744 740 1245
Email: [email protected]