The unmanned helicopter market is expected to grow from US$ 3,095.76 Mn in 2021 to US$ 13,958.28 Mn by 2028 at a CAGR of 24.7% between 2022 and 2028.
Unmanned helicopters are that type of UAVs that use rotors as propulsion for their operation. It is also referred to as unmanned rotorcraft. Unmanned helicopters are cheaper than manned helicopters as the manned helicopters have a greater number of components that are designed with the safety perspective of the trained pilots. Hence, as all these components are not required in unmanned helicopters, this helps manufacturers to reduce the overall production cost of an unmanned helicopter as they do not require any highly trained or highly paid pilots for their operation.
Many commercial operators, such as Russian Post, Uber, and Zomato, are interested in procuring unmanned helicopters to deliver different parcels or mails. For instance, in July 2021, Rostec State Corporation partnered with Russia Post and tested an unmanned helicopter operation for its cargo delivery operations.
MARKET DYNAMICS
The higher deployment of UAVs across the military sector is one of the prime factors behind the adoption of unmanned helicopters in the military sector. The rising military expenditure across different countries for developing and procuring UAVs is another factor supporting the growth and development of unmanned helicopter systems worldwide. The demand for unmanned warfare and ISR operations are some of the major applications for which unmanned systems are being deployed across different armed forces. For instance, in September 2020, AVIC developed an unmanned helicopter system, AR500C, that can carry out fire strikes and will be deployed into Chinese armed forces in the near future. Similarly, in March 2022, an Israeli firm, Steadicopter, introduced its new unmanned helicopter (Golden Eagle) with precision strike capabilities.
Further, the growing demand for unmanned helicopter systems with medium or higher payload capacities for different commercial operations is one of the major factors propelling the development and adoption of unmanned helicopters worldwide. Many companies are investing heavily in the development of these systems, whereas some of the companies are also collaborating with different unmanned helicopter manufacturers to develop the systems based on specific requirements of different commercial and industrial sectors.
MARKET SCOPE
The "Global Unmanned Helicopter Market Analysis to 2028" is a specialized and in-depth study of the unmanned helicopter market with a special focus on global market trend analysis. The report aims to provide an overview of the unmanned helicopter market with detailed segmentation by payload, application, and end-use. The market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading market player and offers key trends and opportunities in the market.
Strategic Insights
MARKET SEGMENTATION
The global unmanned helicopter market is segmented on the basis of payload, application, and end-use. Based on payload, the market is segmented into below 10 Kg, 10-25 Kg, 25-50 Kg, and above 50 Kg. Based on application, the market is segmented into ISR & combat, search & rescue, mapping, transport & logistics, and others. Based on end-use, the market is segmented into defense and commercial.
REGIONAL FRAMEWORK
The report provides a detailed overview of the unmanned helicopter market, including qualitative and quantitative information. It provides an overview and forecast of the market based on various segments. It also provides market size and forecast estimates from 2019 to 2028 with respect to 5 major regions: North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and South America. Each region is then sub-segmented into respective countries. The report covers the analysis and forecast of 18 countries globally, along with current trends and opportunities prevailing in the region.
From the regional perspective, the North American region dominates the unmanned helicopter market with ~42% market share in 2021, followed by Europe. The dominance of North America in the unmanned helicopter market is majorly due to the presence of a large number of unmanned helicopter manufacturers in the region. In addition, the highest military and commercial sector spending across the region on the development of unmanned helicopters is one of the major factors that is driving the demand in the region. Further, supportive government policies for developing such systems across the region are another major factor catalyzing the unmanned helicopter market in North America.
Furthermore, some major defense fixed-wing UAV manufacturers, such as Northrop Grumman, UAVOS Inc., and AeroVironment Inc., are interested in developing unmanned helicopter systems for the US armed forces in the region, which is another major factor aiding the regional market.
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Source: The Insight Partners Analysis
The report analyses factors influencing the unmanned helicopter market from both the demand and supply side and further evaluates market dynamics during the forecast period. The report also provides an exhaustive Porter's five forces analysis highlighting the factors affecting the market in various regions.
IMPACT OF COVID-19 PANDEMIC
The impact of the COVID-19 pandemic on various industries, such as military, aerospace, and manufacturing, has been severe. All these industries are still recovering from the losses the pandemic has caused. The pandemic had caused a temporary halt across various production facilities, and the procurement of unmanned helicopters had been impacted. The lockdown impacted the global manufacturing sectors. The lockdown has also influenced supply chains and logistics, owing to complete or partial halting operations across various countries.
The pandemic was the key reason for supply chain disruptions, loss of production, and declined revenue for several enterprises globally. Since the beginning of the outbreak, the unmanned helicopter market has been among the most severely hit sectors globally.
Moreover, this outbreak put the shipping and marine industries in the worst possible position since their workforces were shut down for safety and to prevent the spread of COVID-19, which directly impacted the import and export of unmanned helicopters across the global market. Companies operating in this market had to make tough choices to sustain during the pandemic and the post-pandemic recovery period. Since these companies were severely impacted, the unmanned helicopter market was negatively impacted.
MARKET PLAYERS
The reports cover key developments in the unmanned helicopter market organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and patents and events. Inorganic growth strategy activities witnessed in the market were acquisitions, partnerships, and collaborations. These activities have paved the way for business expansion and market players' customer base. Market players are anticipated to witness lucrative growth opportunities in the near future with the rising demand for unmanned helicopters.
Below is a list of a few companies engaged in the unmanned helicopter market:
- ?Israel Aerospace Industries (IAI)?Northrop Grumman Corporation?Yamaha Motorsports?Aviation Industry Corporation of China (AVIC)?UMS Skeldar?UAVOS Inc.?Delft Dynamics?Schiebel Group?AeroVironment Inc.?Kaman Aerospace
The report also includes the profiles of key unmanned helicopter market companies, their SWOT analysis, and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, and key developments in the previous 5 years.
The Insight Partner's dedicated research and analysis team consists of experienced professionals with advanced statistical expertise and offers various customization options in the existing study.
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