Unmanned Helicopter Market Analysis, Growth, and Market Opportunities
The global unmanned helicopter market size stood at USD 850.3 million in 2023. The market is slated to surge from USD 950.9 million in 2024 to USD 2,446.9 million by 2032, exhibiting a CAGR of 12.5% during the analysis period.
Unmanned helicopters are used by military agencies for maritime missions, surveillance and reconnaissance, inspection, and others. The mounting military budgets of developed and developing economies and soaring investments in technology development are boosting the product demand.
The COVID-19 pandemic led to a surge in the adoption of unmanned systems for supporting the supply of healthcare kits, PPE kits, and other medical equipment. This had a positive influence on industry expansion.
Fortune Business Insights™ provides this information in its research report, titled “Unmanned Helicopter Market, 2024-2032”.
Information Source:
https://www.fortunebusinessinsights.com/unmanned-helicopter-market-103990
List of Key Players Mentioned in the Report:
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)
Lockheed Martin Corporation (U.S.)
Saab Group (Sweden)
Segmentation:
Heavy Segment to Record Leading Share Due to High Product Demand in Cargo Transport and Other Applications
Based on type, the market is fragmented into small (below 10kg), medium (10-25kg), and heavy (above 25kg). The heavy segment is anticipated to account for a leading market share considering the high product demand in cargo transport, emergency cases, border security, and surveillance applications.
Government Agency Segment to Depict Prominent Share Driven by Rising Product Adoption
By application, the market is categorized into military, government agency, and industrial. The government agency segment is slated to hold a prominent market share. This is due to the rising use of unmanned helicopters by these agencies for survey, wildlife monitoring, forest monitoring, and other applications.
Based on geography, the market has been studied across Europe, North America, Asia Pacific, Latin America, and the Middle East & Africa.
Report Coverage:
The report provides an analysis of the industry based on various segments: type, application, and geography. It further presents the key factors boosting industry expansion and the latest trends in the market. The major strategies adopted by prominent players to strengthen their industry positions have also been enlisted in the report.
Drivers and Restraints:
Surge in Market Value Owing to Robust Demand for Helicopter Drones
The demand for helicopter drones is rising for infrastructure inspection, surveying, and aerial photography. The drone capabilities are recording an upward trajectory with innovations in drone technology, comprising enhanced battery life, AI integration, and improved sensors. The escalating product adoption for various commercial applications is slated to drive unmanned helicopter market growth.
Nevertheless, stringent government regulations and the high cost of helicopter drones may hamper industry expansion.
Regional Insights:
North America Accounts for Major Share Due to Soaring Modernization of Defense Structure
In 2023, the North America market size stood at USD 285.7 million and holds the largest unmanned helicopter market share favored by an upsurge in the modernization of defense structure and the presence of major players.
The growing need for search and rescue operations and the expanding defense sector are anticipated to boost industry expansion in Asia Pacific. The regional market is poised to exhibit a remarkable surge considering the rising demand for border patrolling.
Europe’s market for unmanned helicopters is set to depict substantial expansion owing to the escalated availability of advanced technology. This is further supplemented by escalating investments of key players in the development and adoption of AI-based technologies.
Competitive Landscape:
Leading Players Invest in Expansion of Modern Technologies to Strengthen Industry Positions
Major industry participants are focused on the introduction of small unmanned systems. Furthermore, they are making massive investments focused on the expansion of modern technologies for ISR missions. A few of the leading companies in the market are AeroVironment Inc., and Northrop Grumman.
Key Industry Development:
January 2024 – EDGE inked a contract with the UAE Ministry of Defense for the supply of 200 HT-100 and HT-750 unmanned helicopters to improve their VTOL capabilities. The systems will be produced by ANAVIA, EDGE’s Switzerland-based entity specialized in the development and production of autonomous aerial capabilities.