Product Code: SR1523A54_Report
The global drones market size reached US$ 24.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 48.1 Billion by 2028, exhibiting a growth rate (CAGR) of 12.4% during 2023-2028.
Drones, also known as unmanned aircraft systems or unmanned aerial vehicles (UAVs), are flying robots that are remotely controlled using software, embedded systems, sensors, and a global positioning system (GPS). They also consist of a battery, antenna, receiver, camera, accelerometer, altimeter, and speed and flight controllers. They are manufactured using lightweight composite materials that assist in minimizing weight and increasing maneuverability. Presently, they are commonly used in search and rescue operations, surveillance, traffic and weather monitoring, firefighting, health delivery services, photography, and videography. They are also utilized for capturing wider shorts of sports stadiums and enhancing the experience of viewers.
Drones Market Trends:
- Increasing construction activities in residential, commercial, and industrial complexes represent one of the key factors positively influencing the demand for drones to improve safety, prevent hazardous situations, survey lands, and provide constant and reliable topographic updates. Moreover, the expanding e-commerce industry is driving the adoption of drones for fast deliveries of products and services. Furthermore, the growing adoption of modern agricultural practices is catalyzing the demand for drones to monitor crop status and livestock development in real time. In addition, there is a rise in the use of drones in the entertainment and media industry to record and capture footage on film sets. Besides this, the growing incidences of cross-border terrorist activities and illegal trespassing, in confluence with rising investments in the defense sector, are creating a positive outlook for the market. Apart from this, the development of customized and technologically advanced variants is anticipated to expand the applications of drones in the healthcare industry for the rapid delivery of vaccines, medical supplies, and drugs.
Key Market Segmentation:
- IMARC Group provides an analysis of the key trends in each sub-segment of the global drones market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type, component, payload, point of sale and end-use industry.
Breakup by Type:
- Fixed Wing
- Rotary Wing
- Hybrid
- Fixed-wing drones exhibit a clear dominance in the market as they can cover a long distance on a single battery.
Breakup by Component:
- Hardware
- Software
- Accessories
- Hardware dominates the market as it supports operating systems for the efficient use of drones.
Breakup by Payload:
- <25 Kilograms
- 25-170 Kilograms
- >170 Kilograms
- Drones with <25 kilograms payload hold the majority of the market share as they can be operated without a license and official permission.
Breakup by Point of Sale:
- Original Equipment Manufacturers (OEM)
- Aftermarket
- Original equipment manufacturer (OEM) represents the largest point of sale for drones as it provides continuous updates and features in drones.
Breakup by End-Use Industry:
- Construction
- Agriculture
- Military and Defense
- Law Enforcement
- Logistics
- Media and Entertainment
- Others
- Drones are widely utilized in the military and defense industry due to the rising threat of terrorism and the increasing need for tracking illegal activities.
Breakup by Region:
- North America
- United States
- Canada
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
- North America holds the majority of the market share on account of the presence of an established tech ecosystem in the region.
Competitive Landscape:
- The report has also analysed the competitive landscape of the market with some of the top drones companies being 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, Boeing Company, etc.
Key Questions Answered in This Report:
- 1. What was the size of the global drones market in 2022?
- 2. What is the expected growth rate of the global drones market during 2023-2028?
- 3. What are the key factors driving the global drones market?
- 4. What has been the impact of COVID-19 on the global drones market?
- 5. What is the breakup of the global drones market based on the type?
- 6. What is the breakup of the global drones market based on the component?
- 7. What is the breakup of the global drones market based on the payload?
- 8. What is the breakup of the global drones market based on the point of sale?
- 9. What is the breakup of the global drones market based on the end-use industry?
- 10. What are the key regions in the global drones market?
- 11. Who are the key players/companies in the global drones market?
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Drones Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Type
- 6.1 Fixed Wing
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Rotary Wing
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Hybrid
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
7 Market Breakup by Component
- 7.1 Hardware
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Software
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Accessories
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
8 Market Breakup by Payload
- 8.1 <25 Kilograms
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 25-170 Kilograms
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 >170 Kilograms
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
9 Market Breakup by Point of Sale
- 9.1 Original Equipment Manufacturers (OEM)
- 9.1.1 Market Trends
- 9.1.2 Market Forecast
- 9.2 Aftermarket
- 9.2.1 Market Trends
- 9.2.2 Market Forecast
10 Market Breakup by End-Use Industry
- 10.1 Construction
- 10.1.1 Market Trends
- 10.1.2 Market Forecast
- 10.2 Agriculture
- 10.2.1 Market Trends
- 10.2.2 Market Forecast
- 10.3 Military and Defense
- 10.3.1 Market Trends
- 10.3.2 Market Forecast
- 10.4 Law Enforcement
- 10.4.1 Market Trends
- 10.4.2 Market Forecast
- 10.5 Logistics
- 10.5.1 Market Trends
- 10.5.2 Market Forecast
- 10.6 Media and Entertainment
- 10.6.1 Market Trends
- 10.6.2 Market Forecast
- 10.7 Others
- 10.7.1 Market Trends
- 10.7.2 Market Forecast
11 Market Breakup by Region
- 11.1 North America
- 11.1.1 United States
- 11.1.1.1 Market Trends
- 11.1.1.2 Market Forecast
- 11.1.2 Canada
- 11.1.2.1 Market Trends
- 11.1.2.2 Market Forecast
- 11.2 Asia Pacific
- 11.2.1 China
- 11.2.1.1 Market Trends
- 11.2.1.2 Market Forecast
- 11.2.2 Japan
- 11.2.2.1 Market Trends
- 11.2.2.2 Market Forecast
- 11.2.3 India
- 11.2.3.1 Market Trends
- 11.2.3.2 Market Forecast
- 11.2.4 South Korea
- 11.2.4.1 Market Trends
- 11.2.4.2 Market Forecast
- 11.2.5 Australia
- 11.2.5.1 Market Trends
- 11.2.5.2 Market Forecast
- 11.2.6 Indonesia
- 11.2.6.1 Market Trends
- 11.2.6.2 Market Forecast
- 11.2.7 Others
- 11.2.7.1 Market Trends
- 11.2.7.2 Market Forecast
- 11.3 Europe
- 11.3.1 Germany
- 11.3.1.1 Market Trends
- 11.3.1.2 Market Forecast
- 11.3.2 France
- 11.3.2.1 Market Trends
- 11.3.2.2 Market Forecast
- 11.3.3 United Kingdom
- 11.3.3.1 Market Trends
- 11.3.3.2 Market Forecast
- 11.3.4 Italy
- 11.3.4.1 Market Trends
- 11.3.4.2 Market Forecast
- 11.3.5 Spain
- 11.3.5.1 Market Trends
- 11.3.5.2 Market Forecast
- 11.3.6 Russia
- 11.3.6.1 Market Trends
- 11.3.6.2 Market Forecast
- 11.3.7 Others
- 11.3.7.1 Market Trends
- 11.3.7.2 Market Forecast
- 11.4 Latin America
- 11.4.1 Brazil
- 11.4.1.1 Market Trends
- 11.4.1.2 Market Forecast
- 11.4.2 Mexico
- 11.4.2.1 Market Trends
- 11.4.2.2 Market Forecast
- 11.4.3 Others
- 11.4.3.1 Market Trends
- 11.4.3.2 Market Forecast
- 11.5 Middle East and Africa
- 11.5.1 Market Trends
- 11.5.2 Market Breakup by Country
- 11.5.3 Market Forecast
12 SWOT Analysis
- 12.1 Overview
- 12.2 Strengths
- 12.3 Weaknesses
- 12.4 Opportunities
- 12.5 Threats
13 Value Chain Analysis
14 Porters Five Forces Analysis
- 14.1 Overview
- 14.2 Bargaining Power of Buyers
- 14.3 Bargaining Power of Suppliers
- 14.4 Degree of Competition
- 14.5 Threat of New Entrants
- 14.6 Threat of Substitutes
15 Price Indicators
16 Competitive Landscape
- 16.1 Market Structure
- 16.2 Key Players
- 16.3 Profiles of Key Players
- 16.3.1 3D Robotics
- 16.3.1.1 Company Overview
- 16.3.1.2 Product Portfolio
- 16.3.2 AeroVironment Inc.
- 16.3.2.1 Company Overview
- 16.3.2.2 Product Portfolio
- 16.3.2.3 Financials
- 16.3.2.4 SWOT Analysis
- 16.3.3 Birdseyeview Aerobotics Inc.
- 16.3.3.1 Company Overview
- 16.3.3.2 Product Portfolio
- 16.3.4 Delair SAS
- 16.3.4.1 Company Overview
- 16.3.4.2 Product Portfolio
- 16.3.4.3 Financials
- 16.3.5 DroneDeploy Inc.
- 16.3.5.1 Company Overview
- 16.3.5.2 Product Portfolio
- 16.3.6 Intel Corporation
- 16.3.6.1 Company Overview
- 16.3.6.2 Product Portfolio
- 16.3.6.3 Financials
- 16.3.6.4 SWOT Analysis
- 16.3.7 Parrot SA
- 16.3.7.1 Company Overview
- 16.3.7.2 Product Portfolio
- 16.3.8 Precisionhawk Inc.
- 16.3.8.1 Company Overview
- 16.3.8.2 Product Portfolio
- 16.3.9 SZ DJI Technology Co. Ltd. (iFlight Technology Co. Ltd.)
- 16.3.9.1 Company Overview
- 16.3.9.2 Product Portfolio
- 16.3.10 Terra Drone Corporation
- 16.3.10.1 Company Overview
- 16.3.10.2 Product Portfolio
- 16.3.11 Boeing Company
- 16.3.11.1 Company Overview
- 16.3.11.2 Product Portfolio
- 16.3.11.3 Financials
- 16.3.11.4 SWOT Analysis