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Colombia Drone Market Size, Share, Trends, Analysis, Report: By Type: Fixed-wing Drones, Rotary-wing Drones, Others; By Application: Construction, Agriculture, Energy, Entertainment, Law Enforcement, Others; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand; Competitive Landscape; 2024-2032
Colombia Drone Market Outlook
The Colombia drone market size reached USD 25.21 million in 2023. The market is expected to grow at a CAGR of 37.40% between 2024 and 2032, reaching almost USD 456.69 million by 2032.
Key Takeaways:
- Colombia, ranked as the fourth-largest economy in Latin America with a population of around 50 million, has a robust real GDP of USD 754.65 billion.
- With expansive agricultural land covering 37.5% of its territory and abundant natural resources like petroleum, natural gas, and coal, Colombia provides fertile ground for the widespread adoption of drone technology, particularly in sectors like mining.
The Colombia drone market at its heart has a vibrant start-up ecosystem comprising companies ranging from small teams of 1-10 employees to larger entities with 11-50 employees. These firms are driving industry growth through innovative approaches, serving as Drone Service Providers (DSPs) or focusing on drone training and education. Approximately half of these companies actively participate in a drone association, fostering collaboration and knowledge exchange.
Colombia's drone industry is expected to witness significant growth and innovation, propelled by the dynamic start-up ecosystem. The technology holds promise to transform sectors such as search and rescue, agriculture, and mining, presenting abundant opportunities for companies to promote services, develop talent, and secure resources for growth and innovation. Despite challenges in public acceptance and geopolitical complexities, the industry remains optimistic, addressing regulations and fostering collaboration to unlock its full potential.
The evolving sector leverages Colombia's unique topography, including the Andes Mountains, lush jungles, and urban centres, to enhance agricultural practices, infrastructure development, environmental conservation, and media and entertainment endeavours. Regulatory frameworks and privacy concerns pose challenges, yet the industry's integration of AI and machine learning enhances drone data processing for data-driven decision-making.
Colombia's government actively supports drone operations through regulatory frameworks ensuring safe and responsible use, with drones increasingly adopted in agriculture to improve crop management and environmental sustainability. Drones also play key roles in wildlife conservation and monitoring biodiversity. As drone autonomy advances, Colombia's industry is poised to revolutionise diverse sectors, contributing to long-term economic growth and global competitiveness while playing a significant role in the Colombia drone market development.
Market Segmentation
Colombia Drone Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Type
- Fixed-wing Drones
- Rotary-wing Drones
- Others
Market Breakup by Application
- Construction
- Agriculture
- Energy
- Entertainment
- Law Enforcement
- Others
Competitive Landscape
Key players in the drone market in Colombia through the introduction of advanced technology, improved application-based designs and start-up culture are providing products to the end users.
- SZ DJI Technology Co., Ltd.
- Wingtra AG
- AgEagle Aerial Systems Inc.
- Speedbird Aero
- BLACK SQUARE S.A.S
- Others
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Application |
|
| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 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 Market 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
7 Opportunities and Challenges in the Market
8 Latin America Drone Market Overview
8.1 Key Industry Highlights
8.2 Latin America Drone Historical Market (2018-2023)
8.3 Latin America Drone Market Forecast (2024-2032)
9 Colombia Drone Market Overview
9.1 Key Industry Highlights
9.2 Colombia Drone Historical Market (2018-2023)
9.3 Colombia Drone Market Forecast (2024-2032)
10 Colombia Drone Market by Type
10.1 Fixed-wing Drones
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Rotary-wing Drones
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Others
11 Colombia Drone Market by Application
11.1 Construction
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Agriculture
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Energy
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Entertainment
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Law Enforcement
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Market Dynamics
12.1 SWOT Analysis
12.1.1 Strengths
12.1.2 Weaknesses
12.1.3 Opportunities
12.1.4 Threats
12.2 Porter’s Five Forces Analysis
12.2.1 Supplier’s Power
12.2.2 Buyers Powers
12.2.3 Threat of New Entrants
12.2.4 Degree of Rivalry
12.2.5 Threat of Substitutes
12.3 Key Indicators for Demand
12.4 Key Indicators for Price
13 Competitive Landscape
13.1 Market Structure
13.2 Company Profiles
13.2.1 SZ DJI Technology Co., Ltd.
13.2.1.1 Company Overview
13.2.1.2 Product Portfolio
13.2.1.3 Demographic Reach and Achievements
13.2.1.4 Certifications
13.2.2 Wingtra AG
13.2.2.1 Company Overview
13.2.2.2 Product Portfolio
13.2.2.3 Demographic Reach and Achievements
13.2.2.4 Certifications
13.2.3 AgEagle Aerial Systems Inc.
13.2.3.1 Company Overview
13.2.3.2 Product Portfolio
13.2.3.3 Demographic Reach and Achievements
13.2.3.4 Certifications
13.2.4 Speedbird Aero
13.2.4.1 Company Overview
13.2.4.2 Product Portfolio
13.2.4.3 Demographic Reach and Achievements
13.2.4.4 Certifications
13.2.5 BLACK SQUARE S.A.S
13.2.5.1 Company Overview
13.2.5.2 Product Portfolio
13.2.5.3 Demographic Reach and Achievements
13.2.5.4 Certifications
13.2.6 Others
14 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Latin America Drone Market: Key Industry Highlights, 2018 and 2032
2. Colombia Drone Market: Key Industry Highlights, 2018 and 2032
3. Colombia Drone Historical Market: Breakup by Type (USD Million), 2018-2023
4. Colombia Drone Market Forecast: Breakup by Type (USD Million), 2024-2032
5. Colombia Drone Historical Market: Breakup by Application (USD Million), 2018-2023
6. Colombia Drone Market Forecast: Breakup by Application (USD Million), 2024-2032
7. Colombia Drone Market Structure
Key Questions Answered in the Report
The market is estimated to be valued at USD 25.21 million in 2023.
The market is projected to grow at a CAGR of 37.40% between 2024 and 2032.
The drone market is expected to reach USD 456.69 million in 2032.
The market is categorised according to its type, which includes fixed-wing drones, rotary-wing drones and others.
The key market players are SZ DJI Technology Co., Ltd., Wingtra AG, AgEagle Aerial Systems Inc., Speedbird Aero, BLACK SQUARE S.A.S, and others.
The market is driven by factors that include dynamic start-up ecosystem, increasing government spending and improved policies, and leveraging Colombia's unique topography, among others.
The market is categorised according to its application, which includes construction, agriculture, energy, entertainment, law enforcement, and others.
The United States, China, Russia, Israel, among others account for the largest drone fleets globally.
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