Reports

Global Commercial Drones Market to Reach USD 135.6 Billion by 2026, Aided by the Increasing Use of Drones in Various Industries

Commercial Drones Market

Global Commercial Drones Market: By Product Type: Fixed Wing, Rotary Blade, Hybrid; By Application: Filming and Photography, Inspection and Maintenance, Others; By End Use; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics: SWOT Analysis; Competitive Landscape; Industry Events and Developments

Global Commercial Drones Market Outlook

The global commercial drones market attained a value of about USD 30.6 billion in 2022. The market is further expected to grow in the forecast period of 2023-2028 at a CAGR of 35.2% to reach nearly USD 195.1 billion by 2028.

 

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 EMR report looks into the regional markets of commercial drones like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

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.

 

REPORT FEATURES DETAILS
Base Year 2022
Historical Period 2018-2022
Forecast Period 2023-2028
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, Europe, Asia Pacific, Latin America, Middle East and Africa
Market Dynamics SWOT, Porter's Five Forces, Key Indicators for Price and Demand
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.

 

*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 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    Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Commercial Drones Market Analysis
    8.1    Key Industry Highlights
    8.2    Global Commercial Drones Historical Market (2018-2022) 
    8.3    Global Commercial Drones Market Forecast (2023-2028)
    8.4    Global Commercial Drones Market by Product Type
        8.4.1    Fixed Wing
            8.4.1.1    Historical Trend (2018-2022)
            8.4.1.2    Forecast Trend (2023-2028)
        8.4.2    Rotary Blade
            8.4.2.1    Historical Trend (2018-2022)
            8.4.2.2    Forecast Trend (2023-2028)
        8.4.3    Hybrid
            8.4.3.1    Historical Trend (2018-2022)
            8.4.3.2    Forecast Trend (2023-2028)
    8.5    Global Commercial Drones Market by Application 
        8.5.1    Filming and Photography
            8.5.1.1    Historical Trend (2018-2022)
            8.5.1.2    Forecast Trend (2023-2028)
        8.5.2    Inspection and Maintenance
            8.5.2.1    Historical Trend (2018-2022)
            8.5.2.2    Forecast Trend (2023-2028)
        8.5.3    Mapping and Surveying
            8.5.3.1    Historical Trend (2018-2022)
            8.5.3.2    Forecast Trend (2023-2028)
        8.5.4    Precision Agriculture
            8.5.4.1    Historical Trend (2018-2022)
            8.5.4.2    Forecast Trend (2023-2028)
        8.5.5    Surveillance and Monitoring
            8.5.5.1    Historical Trend (2018-2022)
            8.5.5.2    Forecast Trend (2023-2028)
        8.5.6    Others
    8.6    Global Commercial Drones Market by End Use 
        8.6.1    Agriculture
            8.6.1.1    Historical Trend (2018-2022)
            8.6.1.2    Forecast Trend (2023-2028)
        8.6.2    Delivery and Logistics
            8.6.2.1    Historical Trend (2018-2022)
            8.6.2.2    Forecast Trend (2023-2028)
        8.6.3    Energy
            8.6.3.1    Historical Trend (2018-2022)
            8.6.3.2    Forecast Trend (2023-2028)
        8.6.4    Media and Entertainment
            8.6.4.1    Historical Trend (2018-2022)
            8.6.4.2    Forecast Trend (2023-2028)
        8.6.5    Real Estate and Construction
            8.6.5.1    Historical Trend (2018-2022)
            8.6.5.2    Forecast Trend (2023-2028)
        8.6.6    Security and Law Enforcement
            8.6.6.1    Historical Trend (2018-2022)
            8.6.6.2    Forecast Trend (2023-2028)
        8.6.7    Others
    8.7    Global Commercial Drones Market by Region       
        8.7.1    North America
            8.7.1.1    Historical Trend (2018-2022) 
            8.7.1.2    Forecast Trend (2023-2028)
        8.7.2    Europe
            8.7.2.1    Historical Trend (2018-2022) 
            8.7.2.2    Forecast Trend (2023-2028)
        8.7.3    Asia Pacific
            8.7.3.1    Historical Trend (2018-2022) 
            8.7.3.2    Forecast Trend (2023-2028)
        8.7.4    Latin America
            8.7.4.1    Historical Trend (2018-2022) 
            8.7.4.2    Forecast Trend (2023-2028)
        8.7.5    Middle East and Africa
            8.7.5.1    Historical Trend (2018-2022) 
            8.7.5.2    Forecast Trend (2023-2028) 
9    North America Commercial Drones Market Analysis
    9.1    United States of America 
        9.1.1    Historical Trend (2018-2022) 
        9.1.2    Forecast Trend (2023-2028)
    9.2    Canada
        9.2.1    Historical Trend (2018-2022) 
        9.2.2    Forecast Trend (2023-2028)
10    Europe Commercial Drones Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2022) 
        10.1.2    Forecast Trend (2023-2028)
    10.2    Germany
        10.2.1    Historical Trend (2018-2022) 
        10.2.2    Forecast Trend (2023-2028)
    10.3    France
        10.3.1    Historical Trend (2018-2022) 
        10.3.2    Forecast Trend (2023-2028)
    10.4    Italy
        10.4.1    Historical Trend (2018-2022) 
        10.4.2    Forecast Trend (2023-2028)
    10.5    Others
11    Asia Pacific Commercial Drones Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2022) 
        11.1.2    Forecast Trend (2023-2028)
    11.2    Japan
        11.2.1    Historical Trend (2018-2022) 
        11.2.2    Forecast Trend (2023-2028)
    11.3    India
        11.3.1    Historical Trend (2018-2022) 
        11.3.2    Forecast Trend (2023-2028)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2022) 
        11.4.2    Forecast Trend (2023-2028)
    11.5    Australia
        11.5.2    Historical Trend (2018-2022) 
        11.5.2    Forecast Trend (2023-2028)
    11.6    Others
12    Latin America Commercial Drones Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2022) 
        12.1.2    Forecast Trend (2023-2028)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2022) 
        12.2.2    Forecast Trend (2023-2028)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2022) 
        12.3.2    Forecast Trend (2023-2028)
    12.4    Others
13    Middle East and Africa Commercial Drones Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2022) 
        13.1.2    Forecast Trend (2023-2028)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2022) 
        13.2.2    Forecast Trend (2023-2028)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2022) 
        13.3.2    Forecast Trend (2023-2028)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2022) 
        13.4.2    Forecast Trend (2023-2028)
    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    Value Chain Analysis
16    Competitive Landscape
    16.1    Market Structure
    16.2    Company Profiles
        16.2.1    Aeronavics Ltd.
            16.2.1.1    Company Overview
            16.2.1.2    Product Portfolio
            16.2.1.3    Demographic Reach and Achievements
            16.2.1.4    Certifications
        16.2.2    AeroVironment, Inc.
            16.2.2.1    Company Overview
            16.2.2.2    Product Portfolio
            16.2.2.3    Demographic Reach and Achievements
            16.2.2.4    Certifications
        16.2.3    Autel Robotics
            16.2.3.1    Company Overview
            16.2.3.2    Product Portfolio
            16.2.3.3    Demographic Reach and Achievements
            16.2.3.4    Certifications
        16.2.4    SZ DJI Technology Co., Ltd.
            16.2.4.1    Company Overview
            16.2.4.2    Product Portfolio
            16.2.4.3    Demographic Reach and Achievements
            16.2.4.4    Certifications
        16.2.5    Draganfly Inc.
            16.2.5.1    Company Overview
            16.2.5.2    Product Portfolio
            16.2.5.3    Demographic Reach and Achievements
            16.2.5.4    Certifications
        16.2.6    Others
17    Key Trends and Developments in the Market

 

List of Key Figures and Tables

1.    Global Commercial Drones Market: Key Industry Highlights, 2018 and 2028
2.    Global Commercial Drones Historical Market: Breakup by Product Type (USD Billion), 2018-2022
3.    Global Commercial Drones Market Forecast: Breakup by Product Type (USD Billion), 2023-2028
4.    Global Commercial Drones Historical Market: Breakup by Application (USD Billion), 2018-2022
5.    Global Commercial Drones Market Forecast: Breakup by Application (USD Billion), 2023-2028
6.    Global Commercial Drones Historical Market: Breakup by End Use (USD Billion), 2018-2022
7.    Global Commercial Drones Market Forecast: Breakup by End Use (USD Billion), 2023-2028
8.    Global Commercial Drones Historical Market: Breakup by Region (USD Billion), 2018-2022
9.    Global Commercial Drones Market Forecast: Breakup by Region (USD Billion), 2023-2028
10.    North America Commercial Drones Historical Market: Breakup by Country (USD Billion), 2018-2022
11.    North America Commercial Drones Market Forecast: Breakup by Country (USD Billion), 2023-2028
12.    Europe Commercial Drones Historical Market: Breakup by Country (USD Billion), 2018-2022
13.    Europe Commercial Drones Market Forecast: Breakup by Country (USD Billion), 2023-2028
14.    Asia Pacific Commercial Drones Historical Market: Breakup by Country (USD Billion), 2018-2022
15.    Asia Pacific Commercial Drones Market Forecast: Breakup by Country (USD Billion), 2023-2028
16.    Latin America Commercial Drones Historical Market: Breakup by Country (USD Billion), 2018-2022
17.    Latin America Commercial Drones Market Forecast: Breakup by Country (USD Billion), 2023-2028
18.    Middle East and Africa Commercial Drones Historical Market: Breakup by Country (USD Billion), 2018-2022
19.    Middle East and Africa Commercial Drones Market Forecast: Breakup by Country (USD Billion), 2023-2028
20.    Global Commercial Drones Market Structure

Key Questions Answered in the Report

What was the global commercial drones market size in 2022?

In 2022, the global commercial drones market attained a value of nearly USD 30.6 billion.

What is the growth rate of the global commercial drones market?

The market is projected to grow at a CAGR of 35.2% between 2023 and 2028.

What is the forecast outlook of the global commercial drones market for 2023-2028?

The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach about USD 195.1 billion by 2028.

What are the major market drivers?

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.

What are the key trends of the global commercial drones market?

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.

What are the major regional markets of commercial drones, according to the EMR report?

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

What are the major product types of commercial drones in the industry?

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

What are the significant application segments of commercial drones in the market?

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.

What are the leading end uses of commercial drones?

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.

Who are the key market players, according to the report?

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

Analyst Review

The global commercial drones market attained a value of nearly USD 30.6 billion in 2022, driven by the growing use of drones in precision agriculture. Aided by the rising demand for commercial drones in the construction industry, the market is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 35.2%. The market is projected to reach about USD 195.1 billion by 2028.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on product type, the commercial drones industry can be segmented into fixed wing, rotary blade, and hybrid. On the basis of application, the industry is divided into filming and photography, inspection and maintenance, mapping and surveying, precision agriculture, and surveillance and monitoring, among others. By end use, the market is categorised into agriculture, delivery and logistics, energy, media and entertainment, real estate and construction, and security and law enforcement, among others. The major regional markets for commercial drones are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Aeronavics Ltd., AeroVironment, Inc., Autel Robotics, SZ DJI Technology Co., Ltd., and Draganfly Inc., among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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