Unmanned Helicopter Market to Undertake Strapping Growth by the End 2028
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.
According to the new research report published by The Insight Partners, titled "Unmanned Helicopter Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Payload, Application, End Use, and Geography," the market is expected to grow from US$ 3,095.76 million in 2021 to US$ 13,958.28 million with an estimated CAGR of 24.7% from 2022 to 2028.
The demand for unmanned helicopters has been mainly driven by the increasing investments in the development of unmanned helicopters and the rising deployment of unmanned helicopters across different applications such as ISR & combat, search & rescue, and agricultural applications. Several vendors across this market have been actively focusing on developing reliable products for their respective target markets.
The rising deployment of unmanned helicopters across different armed forces worldwide is one of the major factors propelling the growth of the unmanned helicopters market. Moreover, the growing dependency on UAVs across the defense industry is another major factor catalyzing the uptake of the unmanned helicopters market. For instance, in April 2022, Northrop Grumman Corporation announced that it completed the first operational testing of its MQ-8C Fire Scout unmanned helicopter for the USS Jackson for US Naval forces.
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The unmanned helicopter manufacturers are focusing on developing different types of unmanned helicopters for applications such as search & rescue, surveillance operations, remote monitoring, and agricultural applications. The manufacturers are also facing several challenges in meeting the rapidly rising demand for unmanned helicopter products, including certification and technology integration challenges, as there are so many regulations across different countries for the usage of unmanned systems, especially for commercial applications. Such factors are likely to hamper the unmanned helicopter market in the near future.
In addition, several vendors, such as Yamaha Corporation, are majorly focusing on developing unmanned helicopter systems for commercial applications, such as agricultural deployments. Also, the company has renowned for its lineup of motor bicycles and recreational vehicles and has pioneered the concept of unmanned helicopters for agricultural applications. Yamaha has developed a lineup of highly successful remotely controlled helicopters, R-50 and RMAX (and its variants). These were initially scaled-up radio-controlled helicopters with a spraying device attached underneath the fuselage, flown by the pilot on the ground. One of the key advancements that Yamaha has offered is the Yamaha Attitude Control System, which helps to improve the handling quality of inherently unstable helicopter platforms. Similarly, in April 2021, Kaman Aerospace successfully tested its first flight of K-Max unmanned helicopters, the first heavy lift unmanned helicopter for the commercial market.
Israel Aerospace Industries (IAI), Northrop Grumman, Yamaha Motorsports, Aviation Industry Corporation of China (AVIC), UMS Skeldar, UAVOS Inc., Delft Dynamics, Schiebel Group, AeroVironment Inc., and Kaman Aerospace are the key unmanned helicopters market players profiled in the study. Several other market players, such as Steadicopter, Alcore Technologies, Airelectronics, Airial Robotics, Aeroscout, AiDrones, Danish Aviation Systems, Challenger Aerospace Systems, CybAero, Baykar, Velos Rotors, Pulse Aerospace, AutoCopter, Laflamme, LPHA Unmanned Systems, FT Sistemas, and Helipse, were also studied and analyzed to get a holistic view of the unmanned helicopter market and its ecosystem.
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