The Brazil market dominated the LAMEA Commercial Drones Market by country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $1.61 billion by 2031. The Argentina market is experiencing a CAGR of 18.6% during 2024-2031. Additionally, the UAE market is expected to exhibit a CAGR of 16.2% during 2024-2031.
Sectors such as agriculture, logistics, and construction have led the charge in adopting drones, while other industries, such as mining and energy, are beginning to explore their potential applications. Technology readiness, regulatory clearance, and industry-specific needs have influenced the adoption rate. For instance, agriculture has embraced drones for precision farming, and the logistics sector is testing drones for parcel delivery, particularly in urban areas.
The technological advancements that have driven drone adoption include improvements in battery life, flight stability, automation, AI capabilities, and communication systems. Drone manufacturers have a lot of potential prospects if they incorporate cutting-edge technology like artificial intelligence (AI) and machine learning (ML) into their products. By making high-speed data collection, processing, and transmission possible, they provide their clients access to real-time, data-driven decision-making. Users of AI-powered drones may also engage with one another, see in-flight videos from other drones, and follow their flight trajectories. When ML and AI are integrated with predictive learning models, data analysis may be completed more quickly while still producing insightful results.
The UAE is testing a unique technology that utilizes electricity to zap clouds to create rain because the country is dry from heat waves. But, as the Desert Research Institute reported, the practice frequently involved salt flares and prompted concerns regarding the expense, efficacy, and environmental impact. Hence, it was earlier reported that the UAE is developing a revolutionary method incorporating drones flying through clouds and electrifying them with electricity to make rain fall. Furthermore, the United Arab Emirates National Center of Meteorology recently reignited interest in the initiative by sharing several clips on Instagram showing heavy rain in various parts of the nation. This, in turn, fuels commercial drones demand in the region. In conclusion, the above countries are experiencing key developments that are expected to contribute significantly to the growth of the market.
List of Key Companies Profiled
- AeroVironment, Inc.
- Intel Corporation
- SZ DJI Technology Co., Ltd.
- EHang Holdings Limited
- Aeronavics Ltd.
- Parrot Drones SAS
- Draganfly Inc.
- Autel Robotics Co., Ltd.
- PrecisionHawk, Inc. (Field Group AS)
- Terra Drone Corporation (Terra Motors Corporation)
Market Report Segmentation
By Product- Rotary Blade
- Fixed-wing
- Hybrid
- Media & Entertainment
- Security & Law Enforcement
- Agriculture
- Energy
- Real Estate & Construction
- Other End-use
- Filming & Photography
- Mapping & Surveying
- Surveillance & Monitoring
- Inspection & Maintenance
- Precision Agriculture
- Other Application
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Table of Contents
Companies Mentioned
- AeroVironment, Inc.
- Intel Corporation
- SZ DJI Technology Co., Ltd.
- EHang Holdings Limited
- Aeronavics Ltd.
- Parrot Drones SAS
- Draganfly Inc.
- Autel Robotics Co., Ltd.
- PrecisionHawk, Inc. (Field Group AS)
- Terra Drone Corporation (Terra Motors Corporation)
Methodology
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