The autonomous drones market size has grown exponentially in recent years. It will grow from $17.09 billion in 2023 to $20.74 billion in 2024 at a compound annual growth rate (CAGR) of 21.4%. The growth observed during the historical period can be linked to technological innovations, heightened demand for aerial surveillance, reduced costs of drone parts, expansion within the defense industry, and the rise of commercial applications.
The autonomous drones market size is expected to see exponential growth in the next few years. It will grow to $45.26 billion in 2028 at a compound annual growth rate (CAGR) of 21.5%. During the forecast period, growth can be credited to a growing interest in delivery services, advancements in artificial intelligence (AI) and machine learning, favorable regulatory changes regarding drone usage, increased investments in drone technology, and the expansion of the infrastructure and construction sectors. Key trends expected during this period include improved automation and AI integration, a rise in consumer and enterprise applications, greater utilization of drones for agricultural and environmental monitoring, the establishment of new regulatory frameworks, and growth in international markets.
The growing adoption of drones in commercial applications is expected to drive the growth of the autonomous drone market in the future. The commercial deployment of unmanned aerial vehicles (UAVs) spans various industries, enabling tasks to be completed more efficiently, safely, and cost-effectively than traditional methods. This surge in adoption is attributed to technological advancements, decreased costs, clearer regulations, and the significant benefits that drones offer in terms of efficiency and affordability. Autonomous drones are increasingly utilized for tasks such as aerial surveying, delivery, and inspection with minimal human oversight, enhancing operational efficiency and reducing costs. For example, a May 2023 survey by the UK Civil Aviation Authority (CAA) found that the number of drone users in the UK rose to 5% in 2023, up from 3% in 2021. Furthermore, commercial drone deliveries are projected to grow by 30% over the next decade, compared to 13% over five years. Additionally, the percentage of users in filming and media is expected to increase from 42% in 2022 to 46% in 2023. Thus, the rising use of drones in commercial settings is driving the autonomous drone market forward.
Key players in the autonomous drone market are focusing on integrating artificial intelligence to enhance autonomy and decision-making capabilities, such as AI-powered subject tracking, which improves precision in capturing dynamic footage without manual control. This technology enables drones to automatically identify and follow specific objects or individuals within the camera’s frame, ensuring smooth and accurate tracking. For instance, in September 2024, SZ DJI Technology Co., Ltd., a Chinese technology company, launched the Neo, its lightest and most compact drone at just 135 grams. The Neo features AI-powered subject tracking, quickshots, and 4K ultra-stabilized video capabilities. It can be launched directly from the palm without a remote, captures 12 MP still images, and offers a flight time of up to 18 minutes. The drone includes six intelligent shooting modes and advanced video stabilization, and it can be paired with the DJI Fly app, remote controllers, or DJI goggles for enhanced control and immersive experiences.
In January 2023, Ondas Holdings Inc., a U.S.-based developer of enterprise autonomous systems, acquired Airobotics Ltd. for an undisclosed sum. This acquisition aims to expand Ondas Holdings' product portfolio and market reach by incorporating Airobotics' advanced autonomous drone technology. The move is designed to enhance Ondas' capabilities in delivering comprehensive drone solutions across various sectors, including smart cities, construction, public safety, and industrial applications. Airobotics Ltd. is an Israeli manufacturer and operator of autonomous drones.
Major companies operating in the autonomous drones market are Lockheed Martin Corporation, Hexagon AB, DJI Technology Co. Ltd., Yuneec International Co. Ltd., Aerovironment Inc., Holy Stone Technology Co. Ltd., Skydio Inc., Zipline International Inc., Autel Robotics, Parrot Drones S.A., Quantum Systems GmbH, Wingcopter GmbH, Propeller Aero Inc., DroneDeploy Inc., Dronamics Ltd., Ouster Inc., Brinc Drones, Flyability SA, Easy Aerial Inc., Delair AG, JOUAV Technology Co. Ltd., SkySafe Inc., Aerialtronics B.V., Cleo Robotics Inc., Corvus Robotics Inc., Robodub LLC, ModalAI Inc., Skyfront Inc.
North America was the largest region in the autonomous drone market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the autonomous drones market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the autonomous drones market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Autonomous drones, or unmanned aerial vehicles (UAVs), are equipped with sophisticated sensors and artificial intelligence, enabling them to carry out tasks and navigate without needing human oversight. They can function independently, making real-time decisions based on their surroundings and the requirements of their missions.
The primary categories of autonomous drones encompass inspection, agricultural, meteorological, surveying and mapping, among others. Inspection or surveillance drones are specifically designed for evaluating or monitoring structures, infrastructure, and various locations for maintenance or security purposes. These drones are outfitted with high-resolution cameras and sensors that collect detailed images or data, enabling users to detect issues, conduct assessments, and verify compliance with safety regulations. Their flight range varies, including less than 10 km, 10 km-20 km, 20 km-30 km, and over 30 km, while payload capacities are classified as less than 300 lbs, 300-400 lbs, and 400-500 lbs. These drones are utilized in applications across commercial, civil, military, and other sectors. End-use industries include agriculture and forestry, delivery and logistics, media and entertainment, construction and mining, oil and gas, security and law enforcement, recreational activities, and more.
The autonomous drones market research report is one of a series of new reports that provides autonomous drones market statistics, including autonomous drones industry global market size, regional shares, competitors with an autonomous drones market share, detailed autonomous drones market segments, market trends and opportunities, and any further data you may need to thrive in the autonomous drones industry. This autonomous drones market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The autonomous drones market consists of sales of products including drone hardware, sensors, cameras, software, and navigation systems. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
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Table of Contents
Executive Summary
Autonomous Drones Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on autonomous drones market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Description
Where is the largest and fastest growing market for autonomous drones? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The autonomous drones market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) By Type: Inspection or Inspection; Agricultural; Meteorological; Surveying and Mapping; Other Types2) By Range of Flight: Less Than 10 Km; 10 Km-20 Km; 20 Km-30 Km; More Than 30 Km
3) By Payload: Less Than 300 Lbs; 300-400 Lbs; 400-500 Lbs
4) By Application: Commercial; Civilian; Military; Other Applications
5) By End-Use Industry: Agriculture and Forestry; Delivery and Logistics; Media and Entertainment; Construction and Mining; Oil and Gas; Security and Law Enforcement; Recreational Activity; Other End Users
Key Companies Mentioned: Lockheed Martin Corporation; Hexagon AB; DJI Technology Co. Ltd.; Yuneec International Co. Ltd.; Aerovironment Inc.
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
The major companies profiled in this Autonomous Drones market report include:- Lockheed Martin Corporation
- Hexagon AB
- DJI Technology Co. Ltd.
- Yuneec International Co. Ltd.
- Aerovironment Inc.
- Holy Stone Technology Co. Ltd.
- Skydio Inc.
- Zipline International Inc.
- Autel Robotics
- Parrot Drones S.A.
- Quantum Systems GmbH
- Wingcopter GmbH
- Propeller Aero Inc.
- DroneDeploy Inc.
- Dronamics Ltd.
- Ouster Inc.
- Brinc Drones
- Flyability SA
- Easy Aerial Inc.
- Delair AG
- JOUAV Technology Co. Ltd.
- SkySafe Inc.
- Aerialtronics B.V.
- Cleo Robotics Inc.
- Corvus Robotics Inc.
- Robodub LLC
- ModalAI Inc.
- Skyfront Inc.
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 175 |
Published | November 2024 |
Forecast Period | 2024 - 2028 |
Estimated Market Value ( USD | $ 20.74 Billion |
Forecasted Market Value ( USD | $ 45.26 Billion |
Compound Annual Growth Rate | 21.5% |
Regions Covered | Global |
No. of Companies Mentioned | 29 |