According to Cognitive Market Research, the global Unmanned Aircraft Systems market size will be USD 32515.5 million in 2024. It will expand at a compound annual growth rate (CAGR) of 16.80% from 2024 to 2031.
North America held the major market share for more than 40% of the global revenue with a market size of USD 13006.20 million in 2024 and will grow at a compound annual growth rate (CAGR) of 15.0% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 9754.65 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 7478.57 million in 2024 and will grow at a compound annual growth rate (CAGR) of 18.8% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 1625.78 million in 2024 and will grow at a compound annual growth rate (CAGR) of 16.2% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 650.31 million in 2024 and will grow at a compound annual growth rate (CAGR) of 16.5% from 2024 to 2031.
The fixed-wing category is the fastest growing segment of the Unmanned Aircraft Systems industry
