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The global unmanned helicopter market size is predicted to hit USD 15.12 billion by 2029. Fortune Business InsightsTM, in its report titled, “Unmanned Helicopter Market Size, Share & COVID-19 Impact Analysis, By Type (Small (0-20 lbs) and Medium (21-55 lbs)), By Application (Military [ISR, Combat, Search & Rescue, Transportation, Naval Support, and Border Support], Government Agency [Planning, Inspection, Surveying, Public Safety, and Search & Rescue], Industrial [Planning, Inspection, Surveying]), and Regional Forecast, 2022-2029
”, observes that the market size stood at USD 5.19 billion in 2021 and USD 5.67 billion in 2022, and is expected to exhibit a CAGR of 15.09% between 2022 and 2029. 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 coronavirus pandemic disastrously impacted the unmanned helicopter market growth. The supply chain disruptions, reduced investments, and lesser business opportunities experienced during the pandemic have negatively impacted the market’s expansion. Moreover, many countries significantly cut their defense budgets and allocated those funds to fortify the healthcare sector burdened by the coronavirus pandemic. However, the rising adoption of unmanned systems to support regular medical supply, PEE kits, and healthcare kits is predicted to stimulate growth in the market. New investments will further amplify the market’s expansion.
SPH Engineering and Velos Rotors’ Collaboration for Surveying First Single-Rotor Helicopter to Incite Development
In February 2021, SPH Engineering and Velos Rotors signed a collaborative agreement to help the world's first single-rotor helicopter take off for surveying. The company aims to simplify the flying experience for customers and proliferate its business across international markets. Velos Rotors has been a prominent manufacturer of UAV helicopters since 2014. Safest in its class, these UAVs are effective and reliable for missions including, human organ transportation and rescue missions.
Mounting Demand for Helicopter Drone for Commercial Applications to Fortify Market Growth
The shared importance of 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. These factors are likely to foster market growth.
To get a detailed report summary and research scope of this market, click here:
https://www.fortunebusinessinsights.com/unmanned-helicopter-market-103990
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.
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ATTRIBUTE | DETAILS |
Study Period | 2018-2029 |
Base Year | 2021 |
Estimated Year | 2022 |
Forecast Period | 2022-2029 |
Historical Period | 2018-2020 |
Unit | Value (USD Billion) |
Segmentation | By Type
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By Application
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By Geography
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