Drone Market Size - By Product Type (Fixed-wing, Rotary Blade, Hybrid), By Application Type (Filming & Photography, Mapping & Surveying, Inspection & Maintenance, Surveillance & Monitoring, Precision Agriculture) & Region – Forecasts By 2021 to 2028

  • 1970-01-01
  • 219
  • Electronics & Communication
Drone Market – Description
A drone is an unmanned aerial vehicle. It is a component of an unmanned aircraft system, which includes adding a ground-based controller and a system of communications with the UAV. Multiple uses of drones are boosting the growth of the market at a rapid pace. The arena of the use of drones happens to be at a wider scale ranging from filmmaking, to education, to tourism to emergency response. The demand for the use of drones is witnessing its peak in the segment of real estate and construction. The ability of drones to survey lands, provide continuous and precise project notifications, improve safety, and prevent dangerous incidents on construction sites are boosting the growth of the market in this sector.

Drone Market – Overview
It is estimated for the global drone market to witness a growth at a CAGR of 59.2% during the period 2021 to 2028.
The estimated market size of the global drones was USD 14.31 billion in the year 2020. The growth of the market is estimated to witness a rise owing to the increasing uses of business uses of these in various sectors in the recent period.
The market players of this segment are continuously engaged in new research and development in the sector in the form of designing, testing, and improving solutions for various markets.
Also, the increasing use of drones for security, surveillance, and monitoring in the sectors where there is high labour cost and an increasing crime rate is expected to boost the growth of the market at a tremendous rate.
The outbreak of the novel coronavirus has been a booster on the market of drones. The increased use of drones during various scenarios with the technology proving to be of immense assistance in difficult scenarios has stamped a positive impact on the growth of the market.
The introduction of advanced and modern technologies such as Artificial Intelligence and Machine Learning in the drone manufacturing segment has been proving to be a growth-changing scenario in the market for drones.

Drone Market – Key Trends
The introduction of advanced 5G technology to boost the market growth
The global drone market is expected to witness lucrative growth with the advent of the 5G delivery model and the integration of cloud computing technology with the drone development process. The integration of 5G high-speed internet technology in the drones will enable the users to communicate in high demanding environments to perform operations such as media sharing, command and control, and autonomous flying.

Filmmaking and Entertainment to favour the growth of the market

The increasing use of drones in the arena of filmmaking for capturing precise frames in the best economical way is expected to boost the growth of the market. Clients from various sectors including resorts, hotels, tourist spots, public places, and amusement parks are demanding the use of drones for advertising through aerial photography and this factor is increasing the need for drones in the market.

Drone Market – Segment Assessment

Segment assessment by Product Type
• Fixed-wing
• Rotary Blade
• Hybrid

Segment assessment by Application Type
• Filming & Photography
• Mapping & Surveying
• Inspection & Maintenance
• Surveillance & Monitoring
• Precision Agriculture and others

Segment assessment by End-Use
• Real Estate & Construction
• Media & Entertainment
• Security & Law Enforcement
• Agriculture
• Delivery & Logistics
• Energy

Drone Market – Geographical Landscape
Owing to favourable government initiatives, advancements in drone technology, and the growing demand from businesses across various industries the market pertaining to the area of North America is expected to witness growth at the highest rate during the forecasted years (2021-2028). The region acquired the largest market share in terms of volume of 36.87% in the year 2020.
In the forecast period, the market of Asia Pacific is expected to witness growth at a CAGR of 63.7%. The demand for commercial drones in the region is anticipated to exceed 9 million units by the year 2028.

Drone Market – Competitive Hierarchy
With an aim of effectively addressing the business needs of their customers the manufacturers and providers of drones worldwide are developing custom-made industry-specific solutions. With the advancements in technology, manufacturers are able to produce effective and increased quality drones in terms of sizes, weights, and shapes. These advanced drones are capable of carrying different sensor payloads, making them useful across a broad application base.
Some of the prominent players that are boosting the growth of the market for global drones include, DJI, EHANG, YUNEEC, Parrot Drones SAS and 3D Robotics.

Report Scope
Global Drones Market: Historical Years 2018-2021
Global Drones Market: Forecast Years 2022- 2030
Global Drones Market-CAGR 59.2%

Key Segments Reported –
By Product Type
By Application
By End use

Major Regions and Countries Covered
• North America (US, Canada)
• Europe (Germany, UK, France, Italy)
• Asia Pacific (China, Australia, Japan, South Korea)
• Latin America (Brazil, Mexico)
• Middle East and Africa (UAE, Israel, South Africa)

Top player profiled- DJI, EHANG, YUNEEC, Parrot Drones SAS and 3D Robotics.

1.     Global Drone Market Introduction and Market Overview

1.1.  Objectives of the Study

1.2.  Drone Market Definition & Description

1.3.  Global Drone Market Scope and Market Estimation

1.3.1.     Global Drone Overall Market Size, Revenue (US$ Mn), Market CAGR (%), Market forecast (2023-2033)

1.3.2.     Global Drone Market Revenue Share (%) and Growth Rate (Y-o-Y) from 2019-2033

1.4.  Market Segmentation

1.4.1.     Product Type of Global Drone Market

1.4.2.     Application Type of Global Drone Market

1.4.3.     End-Use Type of Global Drone Market

1.4.4.     Region of Global Drone Market


2.     Executive Summary

2.1.  Global Drone Market Industry Trends under COVID-19 Outbreak

2.1.1.     Global COVID-19 Status Overview

2.1.2.     Influence of COVID-19 Outbreak on Global Drone Market Industry Development

2.2.  Market Dynamics

2.2.1.     Drivers

2.2.2.     Limitations

2.2.3.     Opportunities

2.2.4.     Impact Analysis of Drivers and Restraints

2.3.  Pricing Trends Analysis & Average Selling Prices (ASPs)

2.4.  Key Mergers & Acquisitions, Expansions, JVs, Funding / VCs, etc.

2.5.  Porter’s Five Forces Analysis

2.5.1.     Bargaining Power of Suppliers

2.5.2.     Bargaining Power of Buyers

2.5.3.     Threat of Substitutes

2.5.4.     Threat of New Entrants

2.5.5.     Competitive Rivalry

2.6.  Value Chain / Ecosystem Analysis

2.7.  PEST Analysis

2.8.  Russia-Ukraine War Impacts Analysis

2.9.  Economic Downturn Analysis

2.10. Market Investment Opportunity Analysis (Top Investment Pockets), By Segments & By Region


3.     Global Drone Market Estimates & Historical Trend Analysis (2020 - 2022)


4.     Global Drone Market Estimates & Forecast Trend Analysis, by Product Type

4.1.  Global Drone Market Revenue (US$ Mn) Estimates and Forecasts, by Installation, 2023 to 2033

4.1.1.     Fixed-wing

4.1.2.     Rotary Blade

4.1.3.     Hybrid


5.     Global Drone Market Estimates & Forecast Trend Analysis, by Application Type

5.1.  Global Drone Market Revenue (US$ Mn) Estimates and Forecasts, by Installation, 2023 to 2033

5.1.1.     Filming & Photography

5.1.2.     Mapping & Surveying

5.1.3.     Inspection & Maintenance

5.1.4.     Surveillance & Monitoring

5.1.5.     Precision Agriculture and others


6.     Global Drone Market Estimates & Forecast Trend Analysis, by End-Use

6.1.  Global Drone Market Revenue (US$ Mn) Estimates and Forecasts, by Installation, 2023 to 2033

6.1.1.     Real Estate & Construction

6.1.2.     Media & Entertainment

6.1.3.     Security & Law Enforcement

6.1.4.     Agriculture

6.1.5.     Delivery & Logistics

6.1.6.     Energy            

7.     Global Drone Market Estimates & Forecast Trend Analysis, by Region

7.1.  Global Drone Market Revenue (US$ Mn) Estimates and Forecasts, by Region, 2023 to 2033

7.1.1.     North America

7.1.2.     Europe

7.1.3.     Asia Pacific

7.1.4.     Middle East & Africa

7.1.5.     South America


8.     North America Drone Market: Estimates & Forecast Trend Analysis

8.1.  North America Drone Market Assessments & Key Findings

8.1.1.     North America Drone Market Introduction

8.1.2.     North America Drone Market Size Estimates and Forecast (US$ Million) (2023 to 2033)  By Product Type  By Application Type  By End-Use  By Country   The U.S.   Canada   Mexico


9.     Europe Drone Market: Estimates & Forecast Trend Analysis

9.1.  Europe Drone Market Assessments & Key Findings

9.1.1.     Europe Drone Market Introduction

9.1.2.     Europe Drone Market Size Estimates and Forecast (US$ Million) (2023 to 2033)  By Product Type  By Application Type  By End-Use      By Country   Germany   U.K.   France   Italy   Spain   Russia   Rest of Europe


10.  Asia Pacific Drone Market: Estimates & Forecast Trend Analysis

10.1. Asia Pacific Market Assessments & Key Findings

10.1.1.  Asia Pacific Drone Market Introduction

10.1.2.  Asia Pacific Drone Market Size Estimates and Forecast (US$ Million) (2023 to 2033)   By Product Type   By Application Type   By End-Use   By Country            China            Japan            India            Australia            South Korea            ASEAN            Rest of Asia Pacific


11.  Middle East & Africa Drone Market: Estimates & Forecast Trend Analysis

11.1. Middle East & Africa Market Assessments & Key Findings

11.1.1.  Middle East & Africa Drone Market Introduction

11.1.2.  Middle East & Africa Drone Market Size Estimates and Forecast (US$ Million) (2023 to 2033)   By Product Type   By Application Type   By End-Use   By Country              U.A.E.              Saudi Arabia              Egypt              South Africa              Rest of Middle East & Africa


12.  South America Drone Market: Estimates & Forecast Trend Analysis

12.1. South America Market Assessments & Key Findings

12.1.1.  South America Drone Market Introduction

12.1.2.  South America Drone Market Size Estimates and Forecast (US$ Million) (2023 to 2033)   By Product Type   By Application Type   By End-Use   By Country            Brazil            Argentina            Colombia            Rest of South America


13.  Competition Landscape

13.1. Global Drone Market Competition Matrix & Benchmarking, by Leading Players / Innovators / Emerging Players / New Entrants

13.2. Global Drone Market Concentration & Company Market Shares (%) Analysis, 2022


14.  Company Profiles

14.1.    DJI

14.1.1.     Company Overview & Key Stats

14.1.2.     Financial Performance & KPIs

14.1.3.     Product Portfolio

14.1.4.     Business Strategy & Recent Developments

* Similar details would be provided for all the players mentioned below 

14.2.    EHANG

14.3.    YUNEEC

14.4.    Parrot Drones SAS

14.5.    3D Robotics

14.6.    Others**


15.  Research Methodology

15.1. External Transportations / Databases

15.2. Internal Proprietary Database

15.3. Primary Research

15.4. Secondary Research

15.5. Assumptions

15.6. Limitations

15.7. Report FAQs


16.  Research Findings & Conclusion 

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Case Study- Automotive Sector

One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached We Market Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).


The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research

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The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2033.


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