Drone Light Shows Global Market Opportunities and Strategies to 2032

This report describes and explains the drone light shows market and covers 2017-2022, termed the historic period, and 2022-2027, 2032F termed the forecast period. The report evaluates the market across each region and for the major economies within each region.

The global drone light shows market reached a value of nearly $3.11 billion in 2022, having grown at a compound annual growth rate (CAGR) of 12.98% since 2017. The market is expected to grow from $3.11 billion in 2022 to $8.38 billion in 2027 at a rate of 21.94%. The market is then expected to grow at a CAGR of 25.80% from 2027 and reach $26.41 billion in 2032.

Growth in the historic period resulted from the rising adoption of drone technology for commercial purposes, increased use of drone light shows for movie promotions, emerging markets growth and rise in disposable income. Factors that negatively affected growth in the historic period were stringent government rules and regulations.

Going forward, the increase in the number of events, global population growth and urbanization and rise in the use of social media will drive the market. Factors that could hinder the growth of the drone light shows market in the future include high cost of customized drones with high precision.

The drone light shows market is segmented by type into drone formations, animated sculptures, drone-launched fireworks, light paintings and other types. The drone formations market was the largest segment of the drone light shows market segmented by type, accounting for 41.1% or $1.27 billion of the total in 2022. Going forward, the animated sculptures segment is expected to be the fastest growing segment in the drone light shows market segmented by type, at a CAGR of 24.91% during 2022-2027.

The drone light shows market is segmented by mode of operation into remotely operated, semi-autonomous and autonomous. The remotely operated market was the largest segment of the drone light shows market segmented by mode of operation, accounting for 42.9% or $1.33 billion of the total in 2022. Going forward, the remotely operated segment is expected to be the fastest growing segment in the drone light shows market segmented by mode of operation, at a CAGR of 24.81% during 2022-2027.

The drone light shows market is segmented by application into exhibition, cultural performance, tourist attractions, teaching research and other applications. The exhibition market was the largest segment of the drone light shows market segmented by component, accounting for 35.1% or $1.09 billion of the total in 2022. Going forward, the tourist attractions segment is expected to be the fastest growing segment in the drone light shows market segmented by component, at a CAGR of 25.38% during 2022-2027.

North America was the largest region in the drone light shows market, accounting for 32.0% or $996.79 million of the total in 2022. It was followed by Western Europe, Asia Pacific and then the other regions. Going forward, the fastest-growing regions in the drone light shows market will be Eastern Europe and Asia Pacific where growth will be at CAGRs of 25.35% and 25.08% respectively. These will be followed by Middle East and South America where the markets are expected to grow at CAGRs of 24.57% and 24.17% respectively.

The global drone light shows market is highly fragmented, with a large number of players operating in the market. The top ten competitors in the market made up to 1.32% of the total market in 2022. The market concentration can be attributed to the presence of a large number of players in different geographies. Prominent players are investing in the market, developing new technologies and entering into partnerships with the other companies to consolidate their market positions across the globe. Verity Studios AG was the largest competitor with a 0.27% share of the market, followed by Flyability with 0.26%, Dronisos with 0.17%, Skypersonic with 0.16%, Firefly Drone Shows with 0.13%, Intel Corporation with 0.09%, SPH Engineering Limited with 0.07%, Geoscan Group with 0.06%, SkyeBrowse with 0.05% and Drone Arrival Inc with 0.05%.

The top opportunities in the drone light shows market segmented by type will arise in the drone formations segment, which will gain $2.02 billion of global annual sales by 2027. The top opportunities in the drone light shows market segmented by mode of operation will arise in the remotely operated segment, which will gain $2.70 billion of global annual sales by 2027. The top opportunities in the drone light shows market segmented by application will arise in the exhibition segment, which will gain $1.98 billion of global annual sales by 2027. The drone light shows market size will gain the most in USA at $1.14 billion.

Market-trend-based strategies for the drone light shows market include strategic partnerships and collaborations among market players, LED light panels technology for drone light shows, technology advancements in drone show software, innovative drone light shows with focus on fireworks, and increasing investments to develop and expand drone light shows.

Player-adopted strategies in the drone light shows market include focus on business expansion through rising investments, focus on strategic partnerships and collaborations to create new financial solutions and focus on introducing new technologies to create effective market investment opportunities.

To take advantage of the opportunities, the analyst recommends the drone light shows companies to focus on the LED light technology for drone light shows, focus on innovative drone light shows, focus on technological advancements, expand in emerging markets, continue to focus on developed markets, focus on mergers and acquisitions, provide competitively priced offerings, continue to use B2B promotions, participate in trade shows and events and focus on fast-growing applications.