Unmanned aerial vehicles are aircraft that do not have a human pilot aboard and are operated autonomously by onboard computers or by a human operator through remote control. Increasing defense spending by governments throughout the world, as well as increased terrorist activity, are projected to drive the growth of the unmanned aerial vehicle market during the forecast period (2021 – 2028). According to the Center for Strategic and International Studies, Chinese defense spending in 2016 was US$ 143.7 billion, and this figure is expected to rise to US$ 172.3 billion by 2019.
During the projected period, the rising demand for unmanned aerial vehicles in military applications such as border security and surveillance is likely to fuel market expansion. This is owing to the introduction of drone technology and many drone-related capabilities such as video recording and still photos. Various nations, including the United States, China, India, and others, have seen a surge in demand for unmanned aerial vehicles during the last decade. According to the Federal Aviation Administration (FAA), there were 1.3 million registered drones and thousands of unregistered drones in the United States in 2019.
COVID-19 has had a substantial impact on practically every industry, including infrastructure, retail, manufacturing, and others. To counteract the COVID-19 epidemic, most nations have enforced lockdowns and are presently relaxing them in phase-by-phase and industry-by-industry. During the pandemic, there was a spike in demand for UAVs (Unmanned Aerial Vehicles) in healthcare, e-commerce, and a variety of other uses.
Many healthcare organizations are utilizing unmanned aerial vehicles (UAVs) to do different activities such as spraying disinfectants in impacted regions to sanitize public spaces and control the spread of COVID-19. These disinfectant-filled UAVs cover a bigger area in less time and are 50 times faster than traditional approaches. According to Coherent Market Insights, UAVs in China, for example, can carry 16 liters of disinfection and cover 100,000 square meters in an hour. These UAVs are simple to use, inexpensive and lower the risk of COVID-19 transmission among health personnel. As a result, many nations are deploying disinfection UAVs to limit the spread of Covid-19.