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The critical incident monitoring unmanned aerial vehicle (UAV) market size is estimated to grow at a CAGR of 17.94% between 2023 and 2028. The market size is forecast to increase by USD 2,578.92 million. The growth of the market depends on several factors, such as the benefits offered by UAVs for public safety applications, developments in the sensor market, and advances in computing and communications.
This report extensively covers market segmentation by end-user (military and civilian), technology (semi-autonomous, remotely operated, and fully autonomous), and geography (North America, APAC, Europe, Middle East and Africa, and South America). It also includes an in-depth analysis of drivers, trends, and challenges.
Critical Incident Monitoring UAV Market Forecast 2024-2028
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Our researchers studied the data for years, with 2023 as the base year and 2024 as the estimated year, and presented the key drivers, trends, and challenges for the market. Although there has been a disruption in the growth of the market during the COVID-19 pandemic, a holistic analysis of drivers, trends, and challenges will help companies refine marketing strategies to gain a competitive advantage.
There has been an increase in the adoption of UAVs for critical incident monitoring over the years, to reach areas that are not accessible by human personnel or pose a threat to their life. In addition, UAVs are ideal for high-risk or remote emergency situations to assist first response teams in helping victims more efficiently. Furthermore, it is expected that there will be an increase in the demand for critical incident monitoring UAVs by law enforcement agencies of cities, towns, and municipalities that are facing hurdles including strained budgets and scarcity of resources such as first response equipment and personnel.
Moreover, one of the main advantages of UAVs for critical incident monitoring is their high speed and low cost than the human workforce. In addition, they are equipped with high battery life, high optics, and resistance against strong winds. Hence, such factors are positively impacting the critical incident monitoring unmanned aerial vehicle (UAV) market. Therefore, it is expected to drive the market growth during the forecast period.
The primary trends in the market are the continuous development and launch of new UAVs, their components, and software solutions by market players. In addition, companies from different end-user industries have started adopting UAVs to manage their assets, monitor sites, inspect facilities, capture real-time data, and analyze data to gain insights.
As a result, to cater to the increasing demand for critical incident monitoring UAVs, vendors are launching new products and software. For example, in February 2023, BAE Systems launched STRIX at the 2023 Avalon Airshow in Geelong, Australia. STRIX is manufactured and armed with vertical take-off and landing by leveraging an uncrewed air system. Such developments are positively impacting the critical incident monitoring unmanned aerial vehicle market. Therefore, it is expected to drive the market growth during the forecast period.
One of the major concerns that market players need to address for improvement in their product offerings and a more resilient position in the market is an improvement in drone software, which can mitigate risk from hackers to a considerable extent. In addition, research conducted by students of the University of Texas showed that UAVs can be misled with false GPS information and can be led along unwanted trajectories into restricted areas.
Moreover, there is also a risk of a drone being hacked by manipulating the Wi-Fi connection between the user and the drone. Furthermore, as the global critical incident monitoring UAV market gains traction, it has become a significant challenge for market players to introduce innovations including improvement in encryption of the control link to gain a differential advantage and maintain their presence in the global critical incident monitoring UAV market. Hence, such factors are negatively impacting the critical incident monitoring unmanned aerial vehicle market. Therefore, it is expected to hinder the market growth during the forecast period.
The military segment is estimated to witness significant growth during the forecast period. One of the main factors which is significantly fuelling the growth of this segment is the increase in investments by defense forces and government bodies in UAVs for applications such as surveillance, detection, and countermeasures. In addition, market players are increasingly introducing UAVs that can monitor conflict zones and counter-terrorism while improving operations related to anti-piracy, drug interdiction, and border patrol.
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The military segment was the largest segment and was valued at USD 756.85 million in 2018. Moreover, countries across different regions are focused on indigenously developing advanced UAV systems to enhance their aerial capabilities. In addition, defense authorities have been funding research and development (R and D) efforts to develop sophisticated UAV systems that are capable of effectively functioning in adverse conditions and fulfill the requirements of a wide range of mission profiles. Furthermore, the UAV can be used for reconnaissance missions, target tracking, artillery fire correction, and damage assessment mission profiles. Hence, such factors are fuelling the growth of this segment which in turn will drive the market growth during the forecast period.
Based on technology, the segment is classified into semi-autonomous, remotely operated, and fully autonomous. The semi-autonomous UAV segment is essentially a semi-autonomous aircraft that operates with no pilot on board and can be remotely controlled by a pilot at a ground station. In addition, the main advantage of this segment is that it can navigate, view, explore, and locate objects partially controlled by human beings. Moreover, defense forces have used critical incident monitoring UAVs since their inception. Furthermore, military opportunities for UAVs greatly outpace commercial ones, and countries are focusing on improving their inventory of weapons to counter possible threats of attack. Hence, the increased funding by the government as well as the growing application is expected to fuel the growth of this segment which in turn drives the market growth during the forecast period.
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North America is estimated to contribute 43% to the growth by 2027. Technavio’s analysts have elaborately explained the regional trends, drivers, and challenges that are expected to shape the market during the forecast period. Some of the main factors that are significantly contributing to the growth of the critical incident monitoring UAV market in North America include the rising defense spending of the US, which has increased drone operations, and the expanding commercial sector in North America, particularly in the US. For example, in 2023, the US defense budget allocation is USD1.99 trillion, in which more than USD2.6 billion is planned for investment in UAV systems.
Moreover, the geographical extent of the US border necessitates continuous coverage in certain regions that are physically inaccessible by patrol forces. As a result, there is an increase in demand for critical incident monitoring UAVs with enhanced endurance and low operational costs, as well as the integration of high-performance, low-power remote navigation systems. Hence, such factors drive market growth in North America during the forecast period.
In 2020, during the COVID-19 pandemic, the growth of the global critical incident monitoring UAV market witnessed a significant slowdown due to the shutdown of operations in several industries, including the critical incident monitoring UAV manufacturing industries.in North America. However, in 2021, the initiation of large-scale vaccination drives lifted the lockdown and travel restrictions, which led to the restoration of operations in these industrial units. Such factors are expected to drive the market during the forecast period.
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
AeroVironment Inc: The company offers critical incident monitoring UAV such as Switchblade 600, Switchblade 300 Block 20 and Blackwing.
We also have detailed analyses of the market’s competitive landscape and offer information on 20 market companies, including:
Draganfly Inc., Elbit Systems Ltd., Guangzhou EHang Intelligent Technology Co. Ltd., Guangzhou XAG Co. Ltd., Hexagon AB, Intel Corp., L3Harris Technologies Inc., Lockheed Martin Corp., Matternet, Microdrones GmbH, Northrop Grumman Corp., Parrot Drones SAS, QuestUAV Ltd., Raytheon Technologies Corp., Saab AB, SZ DJI Technology Co. Ltd., Teledyne Technologies Inc., Thales Group, and The Boeing Co.
Technavio report provides an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies companies into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Companies are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.
The critical incident monitoring UAV market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018 to 2028.
Critical Incident Monitoring UAV Market Scope |
|
Report Coverage |
Details |
Page number |
171 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 17.94% |
Market growth 2024-2028 |
USD 2,578.92 million |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
16.3 |
Regional analysis |
North America, APAC, Europe, Middle East and Africa, and South America |
Performing market contribution |
North America at 43% |
Key countries |
US, China, Japan, Germany, and UK |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
AeroVironment Inc., Draganfly Inc., Elbit Systems Ltd., Guangzhou EHang Intelligent Technology Co. Ltd., Guangzhou XAG Co. Ltd., Hexagon AB, Intel Corp., L3Harris Technologies Inc., Lockheed Martin Corp., Matternet, Microdrones GmbH, Northrop Grumman Corp., Parrot Drones SAS, QuestUAV Ltd., Raytheon Technologies Corp., Saab AB, SZ DJI Technology Co. Ltd., Teledyne Technologies Inc., Thales Group, and The Boeing Co. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Technology
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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