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
- PUBLISHED ON
- 2024-09-27
- NO OF PAGES
- 219
- CATEGORY
- Electronics & Communication
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)
8.1.2.1. By Product Type
8.1.2.2. By Application Type
8.1.2.3. By End-Use
8.1.2.4. By
Country
8.1.2.4.1. The
U.S.
8.1.2.4.2. Canada
8.1.2.4.3. 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)
9.1.2.1. By Product Type
9.1.2.2. By Application Type
9.1.2.3. By End-Use
9.1.2.4. By
Country
9.1.2.4.1. Germany
9.1.2.4.2. U.K.
9.1.2.4.3. France
9.1.2.4.4. Italy
9.1.2.4.5. Spain
9.1.2.4.6. Russia
9.1.2.4.7. 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)
10.1.2.1. By Product Type
10.1.2.2. By Application Type
10.1.2.3. By End-Use
10.1.2.4. By
Country
10.1.2.4.1.
China
10.1.2.4.2.
Japan
10.1.2.4.3.
India
10.1.2.4.4.
Australia
10.1.2.4.5.
South Korea
10.1.2.4.6.
ASEAN
10.1.2.4.7.
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)
11.1.2.1. By Product Type
11.1.2.2. By Application Type
11.1.2.3. By End-Use
11.1.2.4. By
Country
11.1.2.4.1.
U.A.E.
11.1.2.4.2.
Saudi Arabia
11.1.2.4.3.
Egypt
11.1.2.4.4.
South Africa
11.1.2.4.5.
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)
12.1.2.1. By Product Type
12.1.2.2. By Application Type
12.1.2.3. By End-Use
12.1.2.4. By
Country
12.1.2.4.1.
Brazil
12.1.2.4.2.
Argentina
12.1.2.4.3.
Colombia
12.1.2.4.4.
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).
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Conclusion
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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