The main objective of this thesis is to propose a localization method for a UAV using various computer vision and machine learning techniques. It plays a major role in planning the strategy for the flight, and acts as a navigational contingency method, in event of a GPS failure. The implementation of the algorithms employs high processing capabilities of the graphics processing unit, making it more efficient. The method involves the working of various neural networks, working in synergy to perform the localization. This thesis is a part of a collaborative project between The University of North Texas, Denton, USA, and the University of Windsor, Ontario, Canada. The localization has been divided into three phases namely object detection, recognition, and location estimation. Object detection and position estimation were discussed in this thesis while giving a brief understanding of the recognition. Further, future strategies to aid the UAV to complete the mission, in case of an eventuality, like the introduction of an EDGE server and wireless charging methods, was also given a brief introduction.