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.
The report highlights the following key information:
- The research report provides extensive information on the factors that are expected to affect the market growth and share during the forecast period.
- The report presents the current scenario and future growth prospects of the market in various geographical regions.
- The report delivers a competitive landscape analysis of the market, along with qualitative and quantitative information.
- The SWOT analysis and Porter’s Five Force analysis are conducted in the report.
- The in-depth analysis of the market offers insights into the growth rate and opportunities available in the business.
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Unmanned HelicopterMarketReport Scope & Segmentation:
|Market size value in 2022
||USD 5.67 Billion
|Revenue forecast in 2029
||USD 15.12 Billion
||CAGR of almost 15.09% 2022-2029
||2018 – 2020
||2022 – 2029
||By Platform, By Frequency, By End user
||Value (USD Million), and Volume (Units)
||Revenue in USD million/billion and CAGR from 2022 to 2029
||North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
||U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
|Number of Companies Covered
||Key companies covered in Unmanned Helicopter Market are VELOS ROTORS LLC (U.S.), AeroVironment Inc. (U.S.), Flint Hills Solutions (U.S.), Laflamme Aero Inc. (Canada), Steadicopter (Israel), CybAero AB (Sweden), Alpha Unmanned Systems (Spain), Schiebel Corporation (Austria), HELIPSE (France), Aeroscout GmbH (Switzerland), HighEye (The Netherlands), Anduril (U.S.), Aeryon/FLIR (U.S.), Quantum (Germany), Northrop Grumman (U.S.), UMS Skeldar (Switzerland).
||Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
||Avail customized purchase options to meet your exact research needs.
Fortune Business Insights™ lists out all the Unmanned Helicopter Market companies 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.
With this market research report, comprehensive analysis of the market structure along with forecast of the various segments and sub-segments of the industry can be obtained. In this report, each trend of the market is watchfully analyzed and researched by the market analysts. The market research report comprises of a detailed analysis of the vendor landscape and thorough company profiling of leading players of the worldwide market. The report also recognizes and analyses the emerging trends along with major drivers, challenges and opportunities in the market.
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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.
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.
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