The global unmanned aerial vehicle (UAV) market size was valued at USD 37.22 billion in 2024 and is expected to be worth around USD 153.78 billion by 2034, growing at a compound annual growth rate (CAGR) of 17.60% over the forecast period from 2025 to 2034.
The unmanned aerial vehicle (UAV) market is expected to grow significantly owing to rising demand across military, commercial, and civil applications. Key growth drivers include advancements in AI, sensor technologies, and autonomous flight capabilities, enabling enhanced surveillance, delivery logistics, and agricultural monitoring. Governments are increasingly investing in UAVs for border control, disaster response, and smart city infrastructure. Additionally, regulatory support and reduced hardware costs are accelerating commercial adoption, positioning UAVs as essential tools across diverse industries in the coming years.