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Drones Market Report and Forecast 2024-2032

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    Report

  • 182 Pages
  • April 2024
  • Region: Global
  • Expert Market Research
  • ID: 5960680
According to this report, the global drones market size reached a value of USD 25.50 billion in 2023. Aided by the expanding range of applications across various sectors including commercial, military, and recreational uses, the market is projected to further grow at a CAGR of 10.80% between 2024 and 2032 to reach a value of USD 59.2 billion by 2032.

The drones market growth is primarily fuelled by technological advancements in UAV technology across the world, which have enhanced the capabilities and reduced the costs of drones. This has made drones more accessible and useful for a broader range of applications, from commercial ventures to personal recreation.

Another significant driver is the increasing adoption of drones for commercial purposes, such as delivery services, agricultural monitoring, and infrastructure inspection. This trend is supported by the evolving regulatory landscape, which is gradually accommodating more widespread use of UAV technology in controlled airspace.

As per the drones market analysis, advances in artificial intelligence and machine learning are enabling higher levels of autonomy in drones. Autonomous drones can operate without human intervention, making them ideal for applications in challenging or remote environments. The use of drones for security and surveillance purposes is expanding rapidly. Governments and private security firms are utilising drones for border security, traffic monitoring, and event security, driving demand in the security sector.

Drones have become popular as recreational devices, particularly for photography and racing which fuels the drones market expansion. The recreational segment is seeing a surge in demand for drones equipped with cameras that offer high-quality video and photo capabilities.

Drones are increasingly being integrated with the Internet of Things (IoT) and big data technologies, enhancing their ability to perform complex data collection and analysis. This integration allows for real-time data processing and has significant implications for industrial sectors like agriculture, where precise, up-to-date information is crucial for crop management.

As per the drones market outlook, there is a growing trend towards using drones for delivery services, particularly in urban areas where conventional delivery methods can be inefficient. Companies such as Amazon and UPS are investing heavily in drone delivery projects, indicating strong future growth in this segment.

The market has witnessed several innovations, including the development of longer-lasting battery technologies, more robust communication systems, and improved materials that enhance drone durability and performance. Furthermore, strategic partnerships in the drones market between technology providers and drone manufacturers are helping to push the boundaries of what drones can achieve.

North America currently leads the global market, thanks to its advanced technological infrastructure and the presence of major drone manufacturers. However, Asia Pacific is expected to experience the fastest growth during the forecast period due to increasing industrialization, rising adoption of advanced agricultural techniques, and growing investments in security infrastructure.

Looking forward, the global drones market share is poised for significant expansion, driven by continuous technological advancements, increasing commercial applications, and evolving regulatory frameworks. As drones become more integrated into daily operations across various industries, their impact on market dynamics is expected to grow, leading to new opportunities and challenges in the global market landscape.

Market Segmentation

The market can be divided based on type, application, and region.

Market Breakup by Type

  • Fixed-Wing
  • Rotary-Wing
  • Hybrid

Market Breakup by Application

  • Construction
  • Agriculture
  • Energy
  • Entertainment
  • Law Enforcement
  • Others

Market Breakup by Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Competitive Landscape

The report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global drones market. Some of the major players explored in the report are as follows:
  • SZ DJI Technology Co., Ltd.
  • Intel Corp.
  • Advanced Technology Labs AG (Yuneec)
  • DELAIR SAS
  • Parrot Drones SAS
  • DroneDeploy, Inc.
  • Terra Drone Corp.
  • PrecisionHawk, Inc.
  • Autel Robotics Co., Ltd.
  • Birds Eye Aerial Drones, LLC
  • Others

Table of Contents

1 Preface2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Drones Market Analysis
8.1 Key Industry Highlights
8.2 Global Drones Historical Market (2018-2023)
8.3 Global Drones Market Forecast (2024-2032)
8.4 Global Drones Market by Type
8.4.1 Fixed-Wing
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Rotary-Wing
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Hybrid
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.5 Global Drones Market by Application
8.5.1 Construction
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Agriculture
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Energy
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Entertainment
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Law Enforcement
8.5.5.1 Historical Trend (2018-2023)
8.5.5.2 Forecast Trend (2024-2032)
8.5.6 Others
8.6 Global Drones Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
9 North America Drones Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Drones Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Drones Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Drones Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Drones Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 SZ DJI Technology Co., Ltd.
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Intel Corp.
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Advanced Technology Labs AG (Yuneec)
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 DELAIR SAS
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Parrot Drones SAS
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 DroneDeploy, Inc.
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Terra Drone Corp.
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 PrecisionHawk, Inc.
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Autel Robotics Co., Ltd.
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Birds Eye Aerial Drones, LLC
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Drones Market: Key Industry Highlights, 2018 and 2032
2. Global Drones Historical Market: Breakup by Type (USD Billion), 2018-2023
3. Global Drones Market Forecast: Breakup by Type (USD Billion), 2024-2032
4. Global Drones Historical Market: Breakup by Application (USD Billion), 2018-2023
5. Global Drones Market Forecast: Breakup by Application (USD Billion), 2024-2032
6. Global Drones Historical Market: Breakup by Region (USD Billion), 2018-2023
7. Global Drones Market Forecast: Breakup by Region (USD Billion), 2024-2032
8. North America Drones Historical Market: Breakup by Country (USD Billion), 2018-2023
9. North America Drones Market Forecast: Breakup by Country (USD Billion), 2024-2032
10. Europe Drones Historical Market: Breakup by Country (USD Billion), 2018-2023
11. Europe Drones Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Asia Pacific Drones Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Asia Pacific Drones Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Latin America Drones Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Latin America Drones Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Middle East and Africa Drones Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Middle East and Africa Drones Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Global Drones Market Structure

Companies Mentioned

  • SZ DJI Technology Co., Ltd.
  • Intel Corp.
  • Advanced Technology Labs AG (Yuneec)
  • DELAIR SAS
  • Parrot Drones SAS
  • DroneDeploy, Inc.
  • Terra Drone Corp.
  • PrecisionHawk, Inc.
  • Autel Robotics Co., Ltd.
  • Birds Eye Aerial Drones, LLC

Methodology

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