South Korea Commercial Uav Market Size & Outlook, 2023-2030
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South Korea commercial uav market highlights
- The South Korea commercial uav market generated a revenue of USD 490.2 million in 2023 and is expected to reach USD 2,142.0 million by 2030.
- The South Korea market is expected to grow at a CAGR of 23.4% from 2024 to 2030.
- In terms of segment, rotary blade uav was the largest revenue generating product in 2023.
- Hybrid UAV is the most lucrative product segment registering the fastest growth during the forecast period.
Commercial uav market data book summary
| Market revenue in 2023 | USD 490.2 million |
| Market revenue in 2030 | USD 2,142.0 million |
| Growth rate | 23.4% (CAGR from 2023 to 2030) |
| Largest segment | Rotary blade uav |
| Fastest growing segment | Hybrid UAV |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Fixed wing UAV, Rotary blade UAV, Hybrid UAV, Nano UAV |
| Key market players worldwide | AeroVironment Inc, Boeing Co, BAE Systems PLC, Draganfly Inc Ordinary Shares, EHang Holdings Ltd ADR, Elbit Systems Ltd, General Dynamics Corp, Parrot SA, Textron Inc |
Other key industry trends
- In terms of revenue, South Korea accounted for 4.1% of the global commercial uav market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China commercial uav market is projected to lead the regional market in terms of revenue in 2030.
- South Korea is the fastest growing regional market in Asia Pacific and is projected to reach USD 2,142.0 million by 2030.
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Commercial UAV Market Scope
Commercial UAV Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| EHang Holdings Ltd ADR | View profile | 367 | No. 29 Bishan boulevard, EHang Technology Park, Floor 11, Building One, Huangpu District, Guangzhou, China, People's Republic of, 510700 | https://www.ehang.com |
| Draganfly Inc Ordinary Shares | View profile | 54 | 235 103rd Street East, Saskatoon, SK, Canada, S7N 1Y8 | https://www.draganfly.com |
| AeroVironment Inc | View profile | 1279 | 241 18th Street South, Suite 415, Arlington, VA, United States, 22202 | https://www.avinc.com |
| Parrot SA | View profile | 404 | 174 quai de Jemmapes, Paris, France, 75010 | http://www.parrot.com |
| General Dynamics Corp | View profile | 111600 | 11011 Sunset Hills Road, Reston, VA, United States, 20190 | https://www.gd.com |
| Boeing Co | View profile | 171000 | 929 Long Bridge Drive, Arlington, VA, United States, 22202 | https://www.boeing.com |
| BAE Systems PLC | View profile | 99800 | 6 Carlton Gardens, Stirling Square, London, United Kingdom, SW1Y 5AD | https://www.baesystems.com |
| Elbit Systems Ltd | View profile | 18984 | Advanced Technology Center, P.O. Box 539, Haifa, Israel, 3100401 | https://www.elbitsystems.com |
| Textron Inc | View profile | 35000 | 40 Westminster Street, Providence, RI, United States, 02903 | https://www.textron.com |
South Korea commercial uav market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to commercial uav market will help companies and investors design strategic landscapes.
Rotary blade uav was the largest segment with a revenue share of 66.14% in 2023. Horizon Databook has segmented the South Korea commercial uav market based on fixed wing uav, rotary blade uav, hybrid uav, nano uav covering the revenue growth of each sub-segment from 2018 to 2030.
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Our clientele includes a mix of commercial uav market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea commercial uav market , including forecasts for subscribers. This country databook contains high-level insights into South Korea commercial uav market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
South Korea commercial uav market size, by product, 2018-2030 (US$M)
South Korea Commercial UAV Market Outlook Share, 2023 & 2030 (US$M)
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