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Global Drones Market Size, Share, Trends, Analysis, Growth: By Type: Fixed-Wing, Rotary-Wing, Hybrid; By Application: Construction, Agriculture, Energy, Entertainment, Law Enforcement, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand; Competitive Landscape; 2024-2032
Global Drones Market Outlook
The global drones market size reached approximately USD 38.25 billion in 2023. The market is further projected to grow at a CAGR of 22.4% between 2024 and 2032, reaching a value of USD 244.95 billion by 2032.
Key Trends in the Market
Drones, often known as unmanned aircraft systems or unmanned aerial vehicles, are flying robots that are remote controlled or fly autonomously with the help of software-controlled flight plans, that work in conjunction with global positioning system and onboard sensors. Drones are used for a wide range of applications including weather monitoring, search and rescue, and surveillance, among others.
- The high accuracy rate of drone package delivery services owing to technological advancements in IoT, machine learning, VTOL, and geospatial mapping, among others is boosting the drones market growth. The growing popularity of online shopping and rapid availability of health and wellness products is further propelling the demand for such services.
- The rising adoption of drones by the agricultural sector is aiding the market expansion. Agriculture drones aid in detection of harmful chemicals and bacteria present in the water streams and fields, enhancing the quality of the yield by curbing pest growth, allowing farmers and agriculturists to increase profits.
- The utilisation of drones for weather surveillance is rapidly increasing owing to their ability to efficiently collect meteorological data as opposed to traditional systems such as weather balloons. Drones offer more manoeuvrability and are better equipped to capture data in vertical columns.
Global Drones Market Analysis
On the basis of type, the market is divided into fixed-wing, rotary-wing, and hybrid. Based on application, the market is classified into construction, agriculture, energy, entertainment, and law enforcement, among others.
On the basis of region, the drones market segmentation includes North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
- 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
Market Share by Application
Construction sector accounts for a significant drones market share. The traditional land surveillance methods are being replaced by drones as they allow for reduction in labour costs while offering time efficiency. The utilisation of drones for performing visual inspection of high-risk areas on construction sites is increasing. Several surveyors and engineers prefer using drones for conducting inspections of high rise structures as they eliminate the scope of human error while capturing necessary data.
Market Share by Region
The Asia Pacific is anticipated to witness significant growth over the forecast period. This growth can be attributed to the recent evolution of drone regulations in various countries across the region and increasing manufacturing activities. The strong presence of various key market players including Terra Drone Corp. and SZ DJI Technology Co., Ltd., among others in the region is supporting the market expansion. The increasing deployment of drones in telecommunication, construction, and agriculture sectors is further boosting the drones market demand.
Competitive Landscape
SZ DJI Technology Co., Ltd. is involved in the manufacture and development of camera technology and drones for recreational and commercial applications. The company was founded in 2006 and is headquartered in Shenzhen, China.
Intel Corp., headquartered in California, United States, specialises in semiconductor design and manufacturing, autonomous driving solutions, drones, and non-volatile memory solutions. The company was founded in 1968.
Advanced Technology Labs AG (Yuneec) is involved in the development of multicopters for inspection, mapping, surveying, reconnaissance, and rescue, among others. The company was founded in 2016 and is headquartered in Zurich, Switzerland.
Other drones market key players include DELAIR SAS, Parrot Drones SAS, DroneDeploy, Inc., Terra Drone Corp., PrecisionHawk, Inc., Autel Robotics Co., Ltd., and Birds Eye Aerial Drones, LLC, among 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 |
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| Breakup by Region |
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| 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 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
Key Questions Answered in the Report
The market reached a value of approximately USD 38.25 billion in 2023.
The market is projected to grow at a CAGR of 22.4% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 244.95 billion by 2032.
The major market drivers include increasing utilisation of drones for weather surveillance and evolution of drone regulations in various countries across the globe.
The key trends fuelling the growth of the market include high accuracy rate of drone package delivery services and rising adoption of drones by the agricultural sector.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The applications of drones include construction, agriculture, energy, entertainment, and law enforcement, among others.
The key players in the market are 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., and Birds Eye Aerial Drones, LLC, among others.
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