UAV Market

• Q2 2024: Northrop Grumman wins $1.2 billion U.S. Army contract for new tactical UAVs Northrop Grumman secured a $1.2 billion contract from the U.S. Army to develop and deliver next-generation tactical unmanned aerial vehicles, aiming to enhance battlefield intelligence and surveillance capabilities.
• Q2 2024: DJI launches Matrice 400 series, targeting industrial drone market DJI unveiled its Matrice 400 series, a new line of industrial UAVs designed for infrastructure inspection, mapping, and emergency response, featuring advanced AI-powered flight and imaging systems.
• Q2 2024: Parrot announces partnership with Thales for secure military drone communications French drone maker Parrot entered a strategic partnership with Thales to integrate encrypted communications technology into its UAVs, targeting defense and government clients.
• Q3 2024: Skydio raises $230 million in Series E funding to expand autonomous drone production U.S.-based Skydio closed a $230 million Series E funding round led by prominent venture capital firms, with plans to scale up manufacturing and accelerate R&D for fully autonomous UAVs.
• Q3 2024: Elbit Systems opens new UAV manufacturing facility in Brazil Israeli defense company Elbit Systems inaugurated a new UAV production plant in Brazil to serve Latin American defense and security markets, marking a significant expansion of its global manufacturing footprint.
• Q3 2024: Zipline receives FAA approval for long-range drone deliveries in the U.S. Zipline, a leader in drone delivery, obtained Federal Aviation Administration (FAA) approval to operate long-range, beyond-visual-line-of-sight (BVLOS) UAV deliveries across several U.S. states.
• Q4 2024: AeroVironment acquires small drone startup Planck Aerosystems AeroVironment, a major U.S. UAV manufacturer, acquired Planck Aerosystems, a startup specializing in autonomous navigation for small drones, to enhance its product portfolio and autonomous capabilities.
• Q4 2024: BAE Systems wins UK Ministry of Defence contract for new combat UAV program BAE Systems secured a multi-year contract from the UK Ministry of Defence to develop and supply a new generation of combat UAVs, focusing on advanced stealth and AI-driven mission systems.
• Q1 2025: DroneDeploy acquires Agremo to boost AI-powered agricultural drone analytics DroneDeploy, a leading drone software company, acquired Serbian agri-tech firm Agremo to integrate advanced crop analytics and AI-driven insights into its UAV platform for precision agriculture.
• Q1 2025: EHang receives first European certification for passenger-carrying autonomous UAV Chinese drone maker EHang obtained the first European Union Aviation Safety Agency (EASA) certification for its autonomous passenger UAV, paving the way for commercial urban air mobility services in Europe.
• Q2 2025: General Atomics signs $500 million deal to supply MQ-9B drones to India General Atomics Aeronautical Systems finalized a $500 million agreement to deliver MQ-9B SkyGuardian UAVs to the Indian government, strengthening defense ties and expanding its international customer base.
• Q2 2025: Volocopter announces partnership with Singapore’s Changi Airport for cargo drone trials Urban air mobility company Volocopter partnered with Changi Airport Group to conduct cargo drone trials, aiming to demonstrate the feasibility of UAVs for airport logistics and last-mile delivery.

Regional Analysis

According to this market report, the worldwide UAV Market Revenue is projected to be developing by North America during the review time frame. Under significant applications in the military and guard area, North America has the most appeal. Due to its utilization of city government assistance, territorial control is projected to endure over the estimated time. Due to the association of prominent players, the US is relied upon to make the most important commitment to extending the territorial market. The US is the greatest supplier of UAVs around the world.

Because of the hearty sending of the framework in the safeguard business, the Region is relied upon to lead. Hence, the area is relied upon to earn the biggest UAV market portion in the estimated time frameFor instance August 2022Edge Autonomy, the California-based manufacturer of unmanned aerial vehicles (UAVs) for the US military will be purchasing Adaptive Energy. The company will acquire the Michigan producer of solid oxide fuel cells (SOFCs) for an undisclosed sum.

Those fuel cells can be used to power UAVs.Edge Autonomy plans to employ Adaptive Energy’s fuel cell products across its line of unmanned technologies and tools. The company says the merger will strengthen its ability to serve clients’ intelligence, surveillance and reconnaissance (ISR) needs.