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Report Overview

The global commercial drones market attained a value of about USD 41.37 Billion in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 35.90% to reach nearly USD 654.12 Billion by 2032.

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

Global Commercial Drones Market Report Summary Description Value
Base Year USD Billion 2023
Historical Period USD Billion 2018-2023
Forecast Period USD Billion 2024-2032
Market Size 2023 USD Billion 41.37
Market Size 2032 USD Billion 654.12
CAGR 2018-2023 Percentage XX%
CAGR 2024-2032 Percentage 35.9%
CAGR 2024-2032 - Market by Region North America 41.6%
CAGR 2024-2032 - Market by Country India 42.4%
CAGR 2024-2032 - Market by Country UK 41.4%
CAGR 2024-2032 - Market by Product Type Rotary Blade 40.2%
CAGR 2024-2032 - Market by Application Filming and Photography 40.9%
Market Share by Country 2023 UK 3.5%

Commercial Drone Market

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Extensive Use of Commercial Drones Amidst the COVID-19 Crisis Aiding the Market Growth

The demand for commercial drones significantly escalated during the COVID-19 outbreak in 2020 as various governments employed them for the surveillance and supervision of dense areas during nationwide lockdowns, which has aided the market growth. Moreover, commercial drones were increasingly deployed for the delivery of essentials, such as medical supplies, owing to social distancing and stay-at-home orders amidst the surge of the COVID-19 pandemic, which has augmented the market growth. Commercial drones are also being employed to deliver critical COVID-19 vaccinations in various countries. For instance, the government of Ghana partnered with Zipline to deliver COVID-19 vaccines in various rural facilities by drones. Such developments are positively impacting the market growth.

Increasing Demand for Drones in Precision Agriculture Bolstering the Growth of the Commercial Drones Industry

The rising trend of precision agriculture, which utilises various technologies to increase the yield, is propelling the market growth. Drones are extensively used in several agricultural applications, such as crop analysis and pesticide spraying, which is augmenting the industry growth. Moreover, the integration of various imaging technologies, such as multispectral, hyperspectral, and thermal, among others, with droning technologies to provide insights into crop health, growth bottlenecks, and fungal infections, among others, is invigorating the growth of the commercial drones industry. In addition, the increasing automation and accurate global positioning system (GPS) to modernise soil analysis and crop health monitoring are surging the demand for commercial drones, which is bolstering the market growth.

Commercial Drone Market By Segments

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Commercial Drones: Market Segmentation

Commercial drones, variously known as unmanned aerial vehicles, are aircraft that function without human intervention and are used in various industries to enhance the safety and efficiency of operations. Commercial drones primarily aid in monitoring and delivery in various industries, due to which they are increasingly being deployed.

The major product types of commercial drones are:

  • Fixed Wing
  • Rotary Blade
  • Hybrid

The market can be broadly categorised on the basis of its applications segments into:

  • Filming and Photography
  • Inspection and Maintenance
  • Mapping and Surveying
  • Precision Agriculture
  • Surveillance and Monitoring
  • Others

Based on end use, the market is divided into:

  • Agriculture
  • Delivery and Logistics
  • Energy
  • Media and Entertainment
  • Real Estate and Construction
  • Security and Law Enforcement
  • Others

The regional markets of commercial drones like:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa
CAGR 2024-2032 - Market by Country
India 42.4%
UK 41.4%
USA 40.9%
Germany 37.3%
China 35.4%
Canada XX%
France XX%
Italy XX%
Japan 22.1%
Australia XX%
Saudi Arabia XX%
Brazil XX%
Mexico XX%

Growing Demand for Drones in the Construction Industry to Bolster the Growth of the Commercial Drones Industry

The rising demand for commercial drones in various applications, such as surveillance, construction, and agriculture, among others, is propelling the market growth. As drones aid in efficient data collection, they are increasingly employed in the construction industry, which is fuelling the market growth. The development of drones that comply with the regulatory safety standards to prevent accidents is providing further impetus to the market growth. Moreover, increasing awareness regarding the significance of skilled professionals to fly the drones at job sites is invigorating the market growth. The growing demand for sophisticated and reliable designs is also surging the deployment of commercial drones.

The potential of drones to be employed in the entertainment and healthcare industries is projected to fuel the market growth in the coming years. Moreover, advancements in imaging technologies are further projected to increase the demand for commercial drones in various high-end applications, which is estimated to bolster the industry growth. The integration of the latest technologies, such as artificial intelligence (AI) and machine learning (ML), in drones to automate numerous operations and collect and implement visual data while enhancing safety and efficiency is expected to strengthen the industry growth. Moreover, the trend of smart mobility of drones to increase their commercial accessibility is anticipated to augment the growth of the commercial drones industry in upcoming years.

Commercial Drone Market By Region

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Key Industry Players in the Global Commercial Drones Market

The report presents a detailed analysis of the following key players in the global commercial drones market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

  • Aeronavics Ltd.
  • AeroVironment, Inc.
  • Autel Robotics
  • SZ DJI Technology Co., Ltd.
  • Draganfly Inc.
  • Others

The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

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:

  • Product Type
  • Application 
  • End Use 
  • Region
Breakup by Product Type
  • Fixed Wing
  • Rotary Blade
  • Hybrid
Breakup by Application
  • Filming and Photography
  • Inspection and Maintenance
  • Mapping and Surveying
  • Precision Agriculture
  • Surveillance and Monitoring
  • Others
Breakup by End Use
  • Agriculture
  • Delivery and Logistics
  • Energy
  • Media and Entertainment
  • Real Estate and Construction
  • Security and Law Enforcement
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Aeronavics Ltd.
  • AeroVironment, Inc.
  • Autel Robotics     
  • SZ DJI Technology Co., Ltd.
  • Draganfly Inc.
  • Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Key Questions Answered in the Report

In 2023, the global commercial drones market attained a value of nearly USD 41.37 Billion.

The market is projected to grow at a CAGR of 35.90% between 2024 and 2032.

The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 654.12 Billion by 2032.

The market is being driven by the rising demand for drones for surveillance and delivery during the COVID-19 pandemic and the growing use of drones in precision agriculture.

The key trends guiding the market growth include the rising demand for commercial drones in the construction sector, advancements in imaging technologies, and the integration of artificial intelligence (AI) and machine learning (ML) in drone technology.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

The major product types of commercial drones in the industry are fixed wing, rotary blade, and hybrid.

The significant application segments of commercial drones in the market are filming and photography, inspection and maintenance, mapping and surveying, precision agriculture, and surveillance and monitoring, among others.

The leading end uses of commercial drones are agriculture, delivery and logistics, energy, media and entertainment, real estate and construction, and security and law enforcement, among others.

The major players in the industry are Aeronavics Ltd., AeroVironment, Inc., Autel Robotics, SZ DJI Technology Co., Ltd., and Draganfly Inc., among others.

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63 Fiona Drive, Tamworth, NSW

+61 448 06 17 27

C130 Sector 2 Noida, Uttar Pradesh 201301

+91-858-608-1494

40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.

+63 287899028, +63 967 048 3306

6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London

+44-753-713-2163

193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City

+84865399124