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Drones Market Report 2023-2028, Size, Share, Industry Analysis, Trends and Forecast

Drones Market Report 2023-2028, Size, Share, Industry Analysis, Trends and Forecast

IMARC Group, a leading market research company, has recently released the report titled “Drones Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028. The study provides a detailed analysis of the industry, including the global drone market share, size, trends and growth forecasts. The report also includes competitive and regional analysis and highlights the latest developments in the market.

Report Highlights

How big is the drone market?

Report Attributes The details
Market size in 2022 24.8 billion dollars
Market forecast to 2028 48.1 billion dollars
Growth rate (2023-2028) CAGR of 12.4%
Base year of analysis 2022
Forecast period 2023-2028

What are drones?

Drones or unmanned aerial vehicles (UAVs) are aircraft that are remotely controlled by a pilot or navigate autonomously through a computer programmed on board. They include several components such as an electronic speed controller (ESC), global positioning system (GPS) module, antenna, flight controller and sensors. Some types of drones commonly available include multi-rotor, fixed-wing, single-rotor and fixed-wing hybrid vertical take-off and landing (VTOL) drones. They are manufactured using multiple materials, including fiberglass, carbon aluminum, fiber composites, and plastic. They are also employed for traffic and weather monitoring, personal use, distribution services, photography, videography, firefighting, surveillance and rescue operations. As a result, drones have been widely adopted in military and defense, logistics, law enforcement, media and entertainment industries, construction and agriculture across the globe.

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What are the growth prospects and trends in the drone industry?

The market is mainly driven by the expansion of the military and defense industry and the growing demand for drones to access and analyze the movement of enemies and provide real-time information on target positions. Additionally, the growing demand for construction activities due to their ability to monitor property, prevent harmful accidents on construction sites, and provide continuous and accurate project alerts while increasing safety is contributing to market growth. Additionally, the integration of the Internet of Things (IoT), artificial intelligence (AI), and machine learning (ML) into drones to store and manage large amounts of data represents another key growth driver. In addition, the growing use of drones in the agriculture industry to reduce costs, increase productivity, collect farm data, and automate repetitive tasks is giving a positive impetus to market growth. Moreover, the growing application of the product in disaster management to identify the affected areas facilitates the rescue of individuals and provides them with first aid kits, is also creating a favorable picture of the market.

What is involved in market segmentation?

Division by type:

  • Fixed arm
  • Rotary arm
  • hybrid

Breakdown by component:

  • Hardware
  • Software
  • Accessories

Split by load:

  • <25 kilograms
  • 25-170 kilograms
  • > 170 kilograms

Distribution by point of sale:

  • Original Equipment Manufacturers (OEM)
  • After trading

Breakdown by end-use industry:

  • Building
  • Agriculture
  • Military and Defense
  • Law enforcement
  • logistics
  • Media and Entertainment
  • Others

Distribution by geography:

  • North America (USA and Canada)
  • Europe (Germany, United Kingdom, France, Italy, Spain, Russia and others)
  • Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia and others)
  • Latin America (Brazil, Mexico)
  • Middle East and Africa

Who are the major players operating in the industry?

The report covers key market players including:

  • 3D robotics
  • AeroVironment Inc
  • Birdseyeview Aerobotics Inc.
  • Delair SAS
  • DroneDeploy Inc
  • Intel Corporation
  • Parrot SA
  • Precisionhawk Inc.
  • SZ DJI Technology Co. Ltd. (iFlight Technology Co. Ltd.)
  • Terra Drone Corporation
  • The Boeing Company

Ask the Analyst for customization and browse the full report with TOC and list of figures: https://www.imarcgroup.com/drones-market

If you require any specific information that is not currently covered within the scope of the report, we will provide the same as a part of the customization.

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