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Fortune Business Insights says the market value stood at USD 27.43 billion in 2022 and is estimated to reach USD 91.23 billion by 2030.
The market will grow steadily at a CAGR of 16.3% during the projection period (2023-2030).
The small UAVs (20-50 Kg) segment is estimated to be the leading segment in this market during the forecast period.
SZ DJI Technology Co. Ltd., Elbit Systems Ltd., General Atomics Aeronautical Systems, and AeroVironment Inc. are some of the leading OEMs in the market.
North America is projected to be the largest shareholder in the market.
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