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Canada Unmanned Aerial Vehicle (UAV) Market Research Report, 2029

Canada Unmanned Aerial Vehicle (UAV) Market Research Report, 2029

Actual Market Research 31-01-2024 75 Pages Figures : 8 Tables : 27 Region : North America Country : Canada Category : Aerospace & Defence Defence Equipment

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Canada's vast and diverse topography makes it a great testing environment for UAVs, ranging from densely populated urban centers to distant wilderness areas. The regulatory environment, controlled by Transport Canada, is intended to ensure safe and responsible UAV operation. The country's legislative system strikes a balance between innovation and safety, supporting the expansion of the UAV sector while resolving concerns about airspace security and privacy. The Canadian UAV market is expanding rapidly in commercial and industrial applications. In agriculture, UAVs equipped with modern sensors are used for precision farming, allowing farmers to monitor crop health, assess soil conditions, and maximize resource utilization. The forestry industry uses UAVs for airborne surveys, which aid in the management of large and frequently difficult terrains. Infrastructure inspection and maintenance also benefit from UAV technology, as drones can efficiently survey pipelines, power lines, and remote installations. UAVs are essential in search and rescue missions across Canada's vast and sometimes inaccessible areas. UAVs, which are equipped with thermal imaging cameras and other modern sensors, may rapidly scan enormous areas, assisting first responders in discovering missing people or analyzing disaster-stricken areas. The efficiency of UAVs in these vital tasks helps to improve response times and safety results. The Arctic area, which constitutes a large portion of Canada's territory, presents unique challenges and opportunities for UAV applications. Drones are increasingly used in Arctic studies to track climate change, wildlife habitats, and ice conditions. The capacity of UAVs to reach remote and difficult environments offers scientists crucial data for studying the impact of climate change on this pristine region. According to the research report "Canada Unmanned Aerial Vehicle (UAV) Market Research Report, 2029," published by Actual Market Research, the Canada Unmanned Aerial Vehicle (UAV) market was valued more than USD 450 Million in 2023. Canada plans to spend approximately USD 400 million on over 200 Hellfire missiles for its new USD 5 billion fleet of Reaper drones. The Canadian military has set the scene for its purchase of a fleet of armed drones by requesting that the United States give it 219 Hellfire missiles as part of an overall program that could be worth up to USD 5 billion. Canada's UAV market is distinguished by a thriving environment of innovation and research. Academic institutions and research groups work with industrial partners to enhance UAV technology. The emphasis shifts to building more efficient propulsion systems, improving sensor capabilities, and investigating the use of artificial intelligence for autonomous UAV operations. These activities propel Canada to the forefront of UAV innovation on a worldwide scale. Canada has adopted UAV technology in agriculture, using drones to implement precise farming practices. Farmers use UAVs equipped with sensors to monitor crop health, assess soil conditions, and adjust irrigation, helping to promote sustainable and efficient agricultural practices across the country. Canada has served as a testing ground for drone delivery trials, with the goal of determining the practicality of employing UAVs to convey goods. Companies such as Drone Delivery Canada have performed successful pilot programs, showcasing UAVs' potential to transform last-mile delivery services in remote and difficult terrains. The Canadian Armed Forces use UAVs for military and security purposes. These unmanned systems are used for surveillance, reconnaissance, and intelligence collection, which improve the military's operational capability and situational awareness. Based on class segment market includes small UAVs, tactical UAVs, strategic UAVs, combat UAV. Small UAVs segment is expected to grow at rapid pace in Canada UAV market. Transport Canada, Canada's aviation regulatory authority, has set policies that promote the operation of small unmanned aerial vehicles. The particular laws for small UAVs provide a precise framework for operators, making it easier to meet safety and operating standards. This regulatory assistance promotes the development of the small UAV category. Small UAVs often benefit from simpler approval processes than larger and more complicated UAVs. The simplified procedures for registration, certification, and operation make it easier for enterprises, entrepreneurs, and individuals to enter the UAV industry with tiny unmanned vehicles. Based on type segment market is bifurcated into fixed wing, rotary wing and hybrid. Hybrid type is projected to grow at rapid pace in Canada UAV market. Hybrid UAVs, which combine electric and combustion engine propulsion technologies, provide more range and endurance than entirely electric or combustion-powered competitors. In Canada's vast and expansive landscapes, particularly in remote and difficult terrains, the capacity to cover greater distances and maintain longer flight periods is critical for a variety of applications such as surveillance, monitoring, and resource management. Canada's numerous geographical features, such as mountains, forests, and Arctic areas, necessitate UAVs with versatile capabilities. Hybrid UAVs excel at operating in a variety of contexts, thanks to their versatility and flexibility in dealing with varying weather conditions, altitudes, and terrains. In terms of application segment market includes military, commercial, government & law and consumer. Commercial application segment is anticipated to grow at rapid pace in Canada UAV market. Canada has built a regulatory framework to facilitate the incorporation of UAVs into commercial operations. Transport Canada's regulations establish clear guidelines for commercial UAV applications, making it easier for firms to get approvals and operate UAVs legally. The regulatory backing fosters the growth of commercial UAV activity. Commercial UAV uses are broad and range across various industries, such as agriculture, construction, infrastructure inspection, mining, forestry, and environmental monitoring. Their versatile use makes them appealing tools for organizations looking for efficient and cost-effective solutions to unique needs in their respective industries. Based on range segment market includes visual line of sight (VLOS), extended visual line of sight (EVLOS), and beyond visual line of sight (BVLOS). Visual line of sight (VLOS) range segment is expected to grow at rapid pace in Canada UAV market. In many cases, VLOS UAV operations are less expensive than BVLOS operations. VLOS flights require less expensive and more accessible equipment and technology. This cost-effectiveness encourages firms, even small and medium-sized enterprises, to integrate UAV technology into their operations for VLOS-enabled jobs. Maintaining visual contact with the UAV increases operators' situational awareness. This is especially crucial in dynamic contexts where rapid decision-making is necessary. VLOS operations let operators adapt swiftly to changes in the environment or unexpected impediments, resulting in safer and more effective UAV flights. Based on mode of operation segment market is bifurcated into remotely piloted, optionally piloted and fully autonomous. Fully autonomous mode of operation of UAV is gaining traction in Canada. Fully autonomous UAVs offer increased efficiency and cost savings, especially for repetitive or time-consuming tasks. The ability to program UAVs to follow specific flight paths, conduct surveys, or inspect infrastructure autonomously reduces the need for constant human intervention. This results in time savings, operational efficiency, and cost-effectiveness for businesses and organizations employing UAV technology. The maximum take-off segment is divided into <25 KG, 25-170 KG, and >170 KG. <25 KG maximum take-off segment is growing in Canada UAV market. UAVs with an MTOW of less than 25 kg typically have simpler certification processes than larger UAVs. This simplification enables operators to receive regulatory permits more quickly, allowing them to deploy UAVs for activities such as aerial surveys, inspections, and data collection. Small and medium-sized firms, individuals, researchers, and educational institutions can all benefit from the <25 kg MTOW segment. The lower weight class lowers entry hurdles, making UAV technology more accessible and cost-effective for a variety of applications. Considered in this report: • Geography: Canada • Historic year: 2018 • Base year: 2023 • Estimated year: 2024 • Forecast year: 2029 Aspects covered in this report: • Canada Unmanned Aerial Vehicle (UAV) market with its value and forecast along with its segments • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation By Class: • Small UAVs • Tactical UAVs • Strategic UAVs • Combat UAV By Type : • Fixed Wing • Rotary Wing • Hybrid By Application: • Military • Commercial • Government & Law • Consumer By Range: • Visual Line Of Sight (VLOS) • Extended Visual Line Of Sight (EVLOS) • Beyond Visual Line Of Sight (BVLOS) By Mode of Operation: • Remotely Piloted • Optionally Piloted • Fully Autonomous By Maximum Take-Off Weight: • <25 KG • 25-170 KG • >170 KG The approach of the report: This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and list out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, and annual reports of companies, analyzing the government-generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers into regional aspects, tier aspects, age groups, and gender. Once we have primary data with us we started verifying the details obtained from secondary sources. Intended audience: This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to the Unmanned Aerial Vehicle (UAV) industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.

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