UAV Market 2024: Analyzing Trends & Opportunities
The UAV (Unmanned Aerial Vehicle) market is taking off, driven by growing demand for aerial imaging, surveillance, and delivery services. This report provides a snapshot of the UAV market in 2024, highlighting key trends, insights, and opportunities.
| UAV Market Statistics (2024) | Predictions and Insights | Source |
|---|---|---|
| 1. The Indian Ministry of Finance has increased the PLI scheme to $6.36 million from $3.96 million. | This initiative aims to boost the country’s drone industry, encourage technological innovation, and strengthen India’s position as a key player in the global UAV ecosystem. | Contact us to view the source. |
| 2. The US State Department has approved the sale of 31 MQ-9B armed drones to India, valued at nearly $4 billion. | This deal underscores the growing strategic defense partnership between the US and India, aimed at bolstering security in the Indo-Pacific region​. | Contact us to view the source. |
| 3. The USAF’s requested a budget of $490 million in 2024 to accelerate the development, experimentation and testing of CCAs. | The budget aims to expedite the development and testing of Collaborative Combat Aircraft, highlighting a strategic focus on enhancing autonomous air combat capabilities. | Contact us to view the source. |
| 4. The Swiss drone industry is anticipated to be $637.51 million in 2024 and is projected to reach $957.8 million in 2030. | The growth in the Swiss drone industry reflects robust market expansion driven by technological advancements and increasing adoption. | Contact us to view the source. |
| 5. The Ministry of Electronics and Information Technology (MeitY) is planning to invest $1288.6 million under IndiaAI mission. | The IndiaAI Mission and the development of drone technology in India are closely linked as part of the country’s broader strategy to harness emerging technologies for economic growth and national security. | Contact us to view the source. |
UAV Market – Key Takeaways
The UAV market is poised for significant growth, driven by growing demand for aerial imaging, surveillance, and delivery services. To stay ahead of the curve, it’s essential to stay informed about the latest trends and insights. For more in-depth research and analysis, visit our Research and Development page to explore our syndicated reports and custom research services.