Home > Semiconductors & Electronics > Automation > Drones > Urban UAV Navigation and Communication Market

Urban UAV Navigation and Communication Market Share

Report ID: GMI10584
Published Date: Aug 2024
Report Format: PDF

Download Free Sample

Urban UAV Navigation and Communication Market Share

Honeywell International Inc., BAE Systems plc, and DJI held a significant market share of over 19% in 2023. Honeywell International Inc. leverages its IntuVue weather radar system and Enhanced Ground Proximity Warning System (EGPWS) to enhance UAV navigation in urban settings. They collaborate with local governments and urban planners, aligning UAV systems with smart city initiatives.

BAE Systems plc underscores the reliability and robustness of its solutions, drawing on its defense expertise. The company prioritizes R&D investments to maintain its UAV technology leadership. Moreover, BAE Systems plc pioneers advanced AI and machine learning algorithms for autonomous UAV navigation and decision-making.

DJI, drawing on its strong consumer electronics background, focuses on crafting affordable and user-friendly UAV solutions tailored for urban settings. Additionally, the company diversifies its offerings, introducing specialized UAVs for various urban tasks, including delivery, surveillance, and maintenance.

Urban UAV Navigation and Communication Market Companies

Major players operating in the market are:

Honeywell International Inc.
BAE Systems plc
DJI
Collins Aerospace (RTX Corporation)
AeroVironment
Elbit Systems Ltd.
Trimble Inc.
Hexagon AB
Parrot
Flyability

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

Market size for urban UAV navigation and communication was USD 6.9 billion in 2023 and is expected to register over 17% CAGR from 2024-2032 owing to the increasing demand for drone applications in urban areas worldwide.

Urban UAV navigation and communication industry from the hardware segment is expected to exceed USD 15.5 billion by 2032 due to the evident nature of its components, such as navigation systems, communication systems, sensors, and cameras.

North America industry is expected to reach USD 10.4 billion by 2032 due to significant investments in UAV technology and supportive regulations in the region.

Honeywell International Inc., BAE Systems plc, DJI, Collins Aerospace (RTX Corporation), AeroVironment, Elbit Systems Ltd., Trimble Inc., Hexagon AB, Parrot, and Flyability, are some of the major urban UAV navigation and communication companies worldwide.