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Urban UAV Navigation and Communication Market Size

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

Urban UAV Navigation and Communication Market Size

Urban UAV Navigation and Communication Market was valued at USD 6.9 billion in 2023 and is estimated to register a CAGR of over 17% between 2024 and 2032. Increasing demand for drone applications in urban areas such as urban planning & development, surveillance & security, delivery services, and infrastructure inspection is propelling market expansion.

 

The surge in e-commerce and rising urban congestion are propelling the utilization of drones for swift and efficient delivery, spanning from food to medical supplies. This technology offers a cost-effective and streamlined approach for inspecting crucial infrastructure such as buildings, bridges, and power lines, thus improving safety and maintenance efforts. Beyond infrastructure checks, drones play pivotal roles in search and rescue missions, traffic management, and disaster responses. With the growing demand for these diverse applications, there is a rising need for enhanced navigation and communication technologies, especially to facilitate safe drone operations in complex urban landscapes. Consequently, this increased demand is fueling both innovation and investment in the urban UAV navigation and communication sector.

Moreover, market growth is being propelled by the growing urbanization and population growth. Urban infrastructure faces mounting pressure from expanding populations, leading to challenges such as traffic congestion, pollution, and inefficient resource utilization. UAVs offer a solution by monitoring traffic, identifying infrastructure issues, and enhancing resource distribution. With urban centers becoming more crowded, ensuring public safety becomes important. UAVs play a crucial role in surveillance, search and rescue operations, and disaster management. Moreover, with the growing amount of data generated by cities, these devices step in to gather insights on traffic flow, air quality, and public spaces, facilitating smarter urban planning and governance. UAVs are not only addressing urban challenges but also creating new opportunities.
 

The limited battery life and operational range of drones pose a major challenge, hampering its growth. The limited battery life restricts the flight duration and the area that can be covered in a single mission. This is especially difficult for operations such as large-scale inspections, mapping, and delivery. Additionally, frequent battery replacements or charging is necessary, which raises operational expenses and reduces efficiency. Furthermore, restricted range limits the extent of the service area covered by a single drone, reducing the scalability of drone-based solutions. Overcoming these issues will need considerable advances in battery technology and drone design, as well as creative operating approaches.

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.

Urban UAV Navigation and Communication Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 20
  • Tables & Figures: 304
  • Countries covered: 24
  • Pages: 250
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