Drone Market Size, Share, Trends, Growth Outlook

Global Drone Market is forecast to register a CAGR of 12.3% from $32.5 Billion in 2024 to $65.2 Billion in 2030 driven by new product launches by companies.

The global Drone Market Study analyzes and forecasts the market size across 6 regions and 24 countries for diverse segments -By Component (Hardware, Software, Services), By Product (Fixed-wing, Multi-rotor, Single-rotor, Hybrid), By Technology (Remotely operated, Semi-autonomous, Fully autonomous), By Payload Capacity (Up to 2KG, 2KG to 19KG, 20KG to 200KG, Over 200KG), By Power Source (Battery-powered, Gasoline-powered, Hydrogen fuel cell, Solar), By End-User (Consumer, Commercial, Military, Government & law enforcement).

An Introduction to Drone Market in 2024

The drone market in 2024 experiences rapid evolution and diversification, driven by technological advancements, regulatory changes, and expanding use cases across industries such as agriculture, infrastructure, logistics, and public safety. Drones offer aerial surveillance, mapping, delivery, inspection, and monitoring capabilities, enabling cost-effective and efficient operations in various sectors. With advancements in drone autonomy, payload capabilities, and airspace integration, the market is poised for growth, driven by investments in drone technology, software development, and regulatory frameworks to unlock the full potential of drones for commercial and industrial applications.

Drone Market Competitive Landscape

The market report analyses the leading companies in the industry including 3DR Inc, AgEagle Aerial Systems Inc, Airware Ltd, Autel Robotics, DJI, Mapbox, Parrot Drone SAS, Pix4D, RedBird, Skydio, Teledyne FLIR LLC, Yuneec International.

Drone Market Dynamics

Market Trend: Expansion of Drone Applications Across Industries

The most prominent trend in the Drone market is the expansion of drone applications across various industries. Drones are being utilized for aerial photography, mapping, surveillance, agriculture, delivery services, infrastructure inspection, disaster management, and more. This trend encompasses the development of advanced drone technologies, improved battery life, enhanced payload capacity, and regulatory advancements, driving market growth in the drone industry as organizations across sectors leverage drones for diverse applications.

Market Driver: Technological Advancements and Cost Efficiency

A significant driver for the Drone market is the continuous technological advancements in drone capabilities coupled with cost efficiency. The development of lightweight materials, long-lasting batteries, improved sensors, and sophisticated flight control systems has made drones more capable, reliable, and cost-effective. Businesses and governments are increasingly adopting drones due to their ability to gather data, improve operational efficiency, reduce manual labor costs, and access remote or hazardous areas, supporting market expansion and innovation in drone technologies.

Market Opportunity: Integration of Artificial Intelligence and Data Analytics

One potential opportunity in the Drone market lies in the integration of Artificial Intelligence (AI) and data analytics into drone operations. Collaborating with AI developers and data scientists presents opportunities to enhance drone capabilities such as autonomous navigation, object detection, predictive maintenance, and real-time data analysis. Capitalizing on this opportunity involves leveraging AI algorithms, machine learning models, and data analytics tools to extract actionable insights from drone-collected data, optimize flight routes, automate tasks, and improve decision-making processes for businesses and government agencies utilizing drones in various applications.

Drone Market Share Analysis: Commercial applications rapidly gaining market penetration driven by Diverse Applications and Technological Advancements

The Drone market is experiencing robust growth attributed to its diverse applications across industries and continuous technological advancements. Segmented by Components into Hardware, Software, and Services, drones offer a wide range of capabilities from data collection to surveillance and delivery. Products like Fixed-wing, Multi-rotor, Single-rotor, and Hybrid drones cater to specific needs, enhancing versatility and efficiency. Technological innovations in Remotely operated, Semi-autonomous, and Fully autonomous systems are driving automation and operational capabilities, leading to increased adoption across sectors. Payload Capacity options ranging from Up to 2KG to Over 200KG enable drones to handle various tasks, from small-scale photography to heavy cargo transport. Power Sources like Battery-powered, Gasoline-powered, Hydrogen fuel cell, and Solar ensure flexibility and sustainability in operations. End-users including Consumer, Commercial, Military, and Government & law enforcement are leveraging drones for surveillance, inspection, mapping, delivery, and more, contributing to the market's rapid expansion.

Drone Market Segmentation-

By Component
Hardware
-Frames
-Control system
-Power & propulsion system
-Camera system
-Navigation system
-Transmitter
-Wings
-Others
Software
Services
-Integration & engineering
-Maintenance & support
-Training & education
-Others
By Product
Fixed-wing
Multi-rotor
Single-rotor
Hybrid
By Technology
Remotely operated
Semi-autonomous
Fully autonomous
By Payload Capacity
Up to 2KG
2KG to 19KG
20KG to 200KG
Over 200KG
By Power Source
Battery-powered
Gasoline-powered
Hydrogen fuel cell
Solar
By End-User
Consumer
Commercial
Military
Government & law enforcementGeographical Analysis
North America (US, Canada, Mexico)
Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, South East Asia, Rest of Asia)
South America (Brazil, Argentina, Rest of South America)
Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East, South Africa, Egypt, Rest of Africa)

Drone Market Companies Profiled

3DR Inc
AgEagle Aerial Systems Inc
Airware Ltd
Autel Robotics
DJI
Mapbox
Parrot Drone SAS
Pix4D
RedBird
Skydio
Teledyne FLIR LLC
Yuneec International*- List Not Exhaustive

TABLE OF CONTENTS

1 Introduction to 2024 Drone Market
1.1 Market Overview
1.2 Quick Facts
1.3 Scope/Objective of the Study
1.4 Market Definition
1.5 Countries and Regions Covered
1.6 Units, Currency, and Conversions
1.7 Industry Value Chain

2 Research Methodology
2.1 Market Size Estimation
2.2 Sources and Research Methodology
2.3 Data Triangulation
2.4 Assumptions and Limitations

3 Executive Summary
3.1 Global Drone Market Size Outlook, $ Million, 2021 to 2030
3.2 Drone Market Outlook by Type, $ Million, 2021 to 2030
3.3 Drone Market Outlook by Product, $ Million, 2021 to 2030
3.4 Drone Market Outlook by Application, $ Million, 2021 to 2030
3.5 Drone Market Outlook by Key Countries, $ Million, 2021 to 2030

4 Market Dynamics
4.1 Key Driving Forces of Drone Industry
4.2 Key Market Trends in Drone Industry
4.3 Potential Opportunities in Drone Industry
4.4 Key Challenges in Drone Industry

5 Market Factor Analysis
5.1 Value Chain Analysis
5.2 Competitive Landscape
5.2.1 Global Drone Market Share by Company (%), 2023
5.2.2 Product Offerings by Company
5.3 Porter’s Five Forces Analysis
5.4 Pricing Analysis and Outlook

6 Growth Outlook Across Scenarios
6.1 Growth Analysis-Case Scenario Definitions
6.2 Low Growth Scenario Forecasts
6.3 Reference Growth Scenario Forecasts
6.4 High Growth Scenario Forecasts

7 Global Drone Market Outlook by Segments
7.1 Drone Market Outlook by Segments, $ Million, 2021- 2030
By Component
Hardware
-Frames
-Control system
-Power & propulsion system
-Camera system
-Navigation system
-Transmitter
-Wings
-Others
Software
Services
-Integration & engineering
-Maintenance & support
-Training & education
-Others
By Product
Fixed-wing
Multi-rotor
Single-rotor
Hybrid
By Technology
Remotely operated
Semi-autonomous
Fully autonomous
By Payload Capacity
Up to 2KG
2KG to 19KG
20KG to 200KG
Over 200KG
By Power Source
Battery-powered
Gasoline-powered
Hydrogen fuel cell
Solar
By End-User
Consumer
Commercial
Military
Government & law enforcement

8 North America Drone Market Analysis and Outlook To 2030
8.1 Introduction to North America Drone Markets in 2024
8.2 North America Drone Market Size Outlook by Country, 2021-2030
8.2.1 United States
8.2.2 Canada
8.2.3 Mexico
8.3 North America Drone Market size Outlook by Segments, 2021-2030
By Component
Hardware
-Frames
-Control system
-Power & propulsion system
-Camera system
-Navigation system
-Transmitter
-Wings
-Others
Software
Services
-Integration & engineering
-Maintenance & support
-Training & education
-Others
By Product
Fixed-wing
Multi-rotor
Single-rotor
Hybrid
By Technology
Remotely operated
Semi-autonomous
Fully autonomous
By Payload Capacity
Up to 2KG
2KG to 19KG
20KG to 200KG
Over 200KG
By Power Source
Battery-powered
Gasoline-powered
Hydrogen fuel cell
Solar
By End-User
Consumer
Commercial
Military
Government & law enforcement
9 Europe Drone Market Analysis and Outlook To 2030
9.1 Introduction to Europe Drone Markets in 2024
9.2 Europe Drone Market Size Outlook by Country, 2021-2030
9.2.1 Germany
9.2.2 France
9.2.3 Spain
9.2.4 United Kingdom
9.2.4 Italy
9.2.5 Russia
9.2.6 Norway
9.2.7 Rest of Europe
9.3 Europe Drone Market Size Outlook by Segments, 2021-2030
By Component
Hardware
-Frames
-Control system
-Power & propulsion system
-Camera system
-Navigation system
-Transmitter
-Wings
-Others
Software
Services
-Integration & engineering
-Maintenance & support
-Training & education
-Others
By Product
Fixed-wing
Multi-rotor
Single-rotor
Hybrid
By Technology
Remotely operated
Semi-autonomous
Fully autonomous
By Payload Capacity
Up to 2KG
2KG to 19KG
20KG to 200KG
Over 200KG
By Power Source
Battery-powered
Gasoline-powered
Hydrogen fuel cell
Solar
By End-User
Consumer
Commercial
Military
Government & law enforcement
10 Asia Pacific Drone Market Analysis and Outlook To 2030
10.1 Introduction to Asia Pacific Drone Markets in 2024
10.2 Asia Pacific Drone Market Size Outlook by Country, 2021-2030
10.2.1 China
10.2.2 India
10.2.3 Japan
10.2.4 South Korea
10.2.5 Indonesia
10.2.6 Malaysia
10.2.7 Australia
10.2.8 Rest of Asia Pacific
10.3 Asia Pacific Drone Market size Outlook by Segments, 2021-2030
By Component
Hardware
-Frames
-Control system
-Power & propulsion system
-Camera system
-Navigation system
-Transmitter
-Wings
-Others
Software
Services
-Integration & engineering
-Maintenance & support
-Training & education
-Others
By Product
Fixed-wing
Multi-rotor
Single-rotor
Hybrid
By Technology
Remotely operated
Semi-autonomous
Fully autonomous
By Payload Capacity
Up to 2KG
2KG to 19KG
20KG to 200KG
Over 200KG
By Power Source
Battery-powered
Gasoline-powered
Hydrogen fuel cell
Solar
By End-User
Consumer
Commercial
Military
Government & law enforcement
11 South America Drone Market Analysis and Outlook To 2030
11.1 Introduction to South America Drone Markets in 2024
11.2 South America Drone Market Size Outlook by Country, 2021-2030
11.2.1 Brazil
11.2.2 Argentina
11.2.3 Rest of South America
11.3 South America Drone Market size Outlook by Segments, 2021-2030
By Component
Hardware
-Frames
-Control system
-Power & propulsion system
-Camera system
-Navigation system
-Transmitter
-Wings
-Others
Software
Services
-Integration & engineering
-Maintenance & support
-Training & education
-Others
By Product
Fixed-wing
Multi-rotor
Single-rotor
Hybrid
By Technology
Remotely operated
Semi-autonomous
Fully autonomous
By Payload Capacity
Up to 2KG
2KG to 19KG
20KG to 200KG
Over 200KG
By Power Source
Battery-powered
Gasoline-powered
Hydrogen fuel cell
Solar
By End-User
Consumer
Commercial
Military
Government & law enforcement
12 Middle East and Africa Drone Market Analysis and Outlook To 2030
12.1 Introduction to Middle East and Africa Drone Markets in 2024
12.2 Middle East and Africa Drone Market Size Outlook by Country, 2021-2030
12.2.1 Saudi Arabia
12.2.2 UAE
12.2.3 Oman
12.2.4 Rest of Middle East
12.2.5 Egypt
12.2.6 Nigeria
12.2.7 South Africa
12.2.8 Rest of Africa
12.3 Middle East and Africa Drone Market size Outlook by Segments, 2021-2030
By Component
Hardware
-Frames
-Control system
-Power & propulsion system
-Camera system
-Navigation system
-Transmitter
-Wings
-Others
Software
Services
-Integration & engineering
-Maintenance & support
-Training & education
-Others
By Product
Fixed-wing
Multi-rotor
Single-rotor
Hybrid
By Technology
Remotely operated
Semi-autonomous
Fully autonomous
By Payload Capacity
Up to 2KG
2KG to 19KG
20KG to 200KG
Over 200KG
By Power Source
Battery-powered
Gasoline-powered
Hydrogen fuel cell
Solar
By End-User
Consumer
Commercial
Military
Government & law enforcement 13 Company Profiles
13.1 Company Snapshot
13.2 SWOT Profiles
13.3 Products and Services
13.4 Recent Developments
13.5 Financial Profile
3DR Inc
AgEagle Aerial Systems Inc
Airware Ltd
Autel Robotics
DJI
Mapbox
Parrot Drone SAS
Pix4D
RedBird
Skydio
Teledyne FLIR LLC
Yuneec International

14 Appendix
14.1 Customization Offerings
14.2 Subscription Services
14.3 Related Reports
14.4 Publisher Expertise

By Component
Hardware
-Frames
-Control system
-Power & propulsion system
-Camera system
-Navigation system
-Transmitter
-Wings
-Others
Software
Services
-Integration & engineering
-Maintenance & support
-Training & education
-Others
By Product
Fixed-wing
Multi-rotor
Single-rotor
Hybrid
By Technology
Remotely operated
Semi-autonomous
Fully autonomous
By Payload Capacity
Up to 2KG
2KG to 19KG
20KG to 200KG
Over 200KG
By Power Source
Battery-powered
Gasoline-powered
Hydrogen fuel cell
Solar
By End-User
Consumer
Commercial
Military
Government & law enforcement
Countries Analyzed
North America (US, Canada, Mexico)
Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, South East Asia, Rest of Asia)
South America (Brazil, Argentina, Rest of South America)
Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East, South Africa, Egypt, Rest of Africa)