Drone Technology and Global Markets

Report Code: IAS104E

Publish Date: Sep 2024

Publisher: BCC Publishing

Category: Instrumentation and Sensors

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Report Highlights

The global drone technology market was valued at $30.4 billion in 2023. The market is projected to grow from $33.9 billion in 2024 to $61.2 billion by the end of 2029, at a compound annual growth rate (CAGR) of 12.6% from 2024 through 2029.

Report Includes

  • 68 data tables and 54 additional tables
  • An analysis of the global markets for drone technology
  • Analyses of global market trends, with market revenue data from 2023, estimates for 2024, forecasts for 2025 and 2027, and projected CAGRs through 2029
  • Estimate of the current market size and revenue prospects, along with a market share analysis by type of offering, product, drone type, application, and region
  • Facts and figures pertaining to the market dynamics, technological advances, regulations, and the influence of macroeconomic factors driving future demand and innovation
  • A Porter’s Five Forces analysis, a global value chain analysis and an export/import trade data analysis
  • A look at the recent patent grants and patent applications published
  • Overview of sustainability trends and ESG developments, with emphasis on consumer attitudes, ESG score analysis, and the ESG practices of leading companies
  • Competitive intelligence, including company shares, strategic alliances, M&A activity and venture funding outlook
  • Company profiles of the leading industry players, including AeroVironment Inc., Airbus, Boeing, Drone Volt and DJI

Report Scope

This report analyzes drone technology offerings, including hardware, software and services. It examines the different drone products, such as fixed-wing, rotary-blade and hybrid drones, and further segments the market by type of drone, including unmanned aerial vehicles (UAVs), unmanned underwater vehicles (UUVs), unmanned ground vehicles (UGVs) and unmanned surface vehicles (USVs).

This report also explores the applications of drone technology across the defense, commercial, government and consumer sectors. It also provides a market analysis by region: North America, Europe, Asia-Pacific, and Rest of the World (RoW), which includes Latin America and the Middle East and Africa.

The study also analyzes the drivers and dynamics of the drone market, along with current industry trends. The report concludes by providing profiles of the major vendors in the market. The base year for the study is 2023, with projections for 2024 through 2029, including expected CAGRs for that period.

Report Synopsis

Report Metrics Details
Base year considered 2023
Forecast period considered 2024-2029
Base year market size $30.4 Billion
Market size forecast $61.2 Billion
Growth rate CAGR of 12.6% from 2024 to 2029
Units considered $ Millions
Segments covered By Offering, Product Segment, Drone Type, Application, and Region
Regions covered North America, Europe, Asia-Pacific, and Rest of the World (The Middle East and Africa and Latin America)
Countries covered United States, Canada, Germany, France, Italy, U.K., China, Taiwan, South Korea, and India
Key Market Drivers
  • Technological advances in drone technology
  • Increasing cost efficiency
  • Proliferation of 5G technology and cloud computing
  • Enhanced public perception and awareness
  • Strategic investments and partnerships
Companies studied
AEROVIRONMENT INC.AIRBUS
BOEINGDELAIR
DJIDRAGANFLY INNOVATIONS INC.
DRONE DESTINATION LTD.DRONE HARMONY AG
DRONEVOLTEHANG
FREEFLY SYSTEMSHUBSAN
IDEAFORGE TECHNOLOGY LTD.INSITU
INSIDEFPV VENTURES PVT. LTD.KESPRY
MMCPARROT DRONE SAS
POWERVISION INC.SKYDIO INC.
YUNEEC
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Frequently Asked Questions (FAQs)

The market is projected to reach $61.2 billion by 2029, growing at a CAGR of 12.6%.
The key factors driving the market include technological advancements in drone technology, increasing cost efficiency, proliferation of 5G technology and cloud computing, enhanced public perception and awareness, strategic investments and partnerships, etc.
  • By Offering.
  • By Product.
  • By Type.
  • By Application.
  • By Region.
By type, UAV segment is expected to dominate the market by the end of 2029.
North America holds the highest share of the global market.

Analyst Credentials

Austin Samuel – Consultant-Technology Research
Austin Samuel is an experienced professional with nearly a decade of industry experience in research and analysis, specializing in Information Technology. He has conducted extensive research and provided comprehensive syndicate and custom reports on the developments and application of information technology across multiple industries for international and domestic clients. He exhibits exceptional analytical abilities and strategic thinking and has contributed significantly to the team. Academically, Austin holds a master’s degree in Marketing and IT and a bachelor’s degree in Electrical and Electronics.

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Table of Contents

All reports provided in PDF format. For shared licensing options (5+ Users), please call a representative at (+1) 781-489-7301 or contact us at info@bccresearch.com
Title/Chapter NamePagesMember Price
Full Report: Drone Technology and Global Markets177Free
Chapter- 1: Executive Summary4Free
Chapter- 2: Market Overview10Free
Chapter- 3: Market Dynamics8Free
Chapter- 4: Regulatory Landscape2Free
Chapter- 5: Emerging Technologies10Free
Chapter- 6: Market Segmentation Analysis81Free
Chapter- 7: Competitive Landscape2Free
Chapter- 8: Environmental, Social, and Governance (ESG) Perspective5Free
Chapter- 9: Appendix55Free
Published - Oct-2022| Analyst - BCC Publishing| Code - IAS104D

Report Highlights

The global drone technology market is estimated to grow from $29.6 billion in 2022 to $54.7 billion in 2027, with a compound annual growth rate (CAGR) of 13.1% for the period of 2022-2027.

Report Includes

  • 47 data tables and 43 additional tables
  • A brief overview and up-to-date analysis of the global market for drone technology
  • Analyses of the global market trends, with historic revenue data for 2021, estimates for 2022, forecasts for 2023 and 2025, and projections of compound annual growth rates (CAGRs) through 2027
  • Highlights of the current and upcoming market potential for drone technology, industry growth drivers, and areas of focus to forecast this market into various segments and sub-segments
  • Estimation of the actual market size and revenue forecast for global drone technology market, and their corresponding market share analysis based on system/component, technology (drone) type, application, and region
  • Updated information on the key market drivers and opportunities, industry shifts and regulations, and other demographic factors that will influence this market demand over the coming years (2022-2027)
  • Holistic review of the impact of COVID-19 on global drone technology market with emphasis on how drones have been used during the pandemic crisis
  • Discussion of the industry value chain analysis providing a systematic study of key intermediaries involved, with emphasis on component providers, manufacturers and suppliers, and end users
  • Analysis of the global drone-related patents and patent applications published, and a review of recent interesting patent publications
  • Identification of the major stakeholders and analysis of the competitive landscape based on recent developments and segmental revenues
  • Descriptive company profiles of the leading global players, including Catuav, Delair, Deep Trekker and Idea Forge
Published - Jul-2020| Analyst - Andrew McWilliams| Code - IAS104C

Report Highlights

The global market for drone technology is expected to grow from $30.0 billion in 2020 to $54.6 billion by 2025 with a compound annual growth rate (CAGR) of 12.7% for the period of 2020-2025.

Report Includes

  • 27 data tables and 61 additional tables
  • An overview of the global market for drone technology
  • Analyses of market trends, with data from 2019, estimates for 2020 and projections of compound annual growth rates (CAGRs) through 2025
  • Explanation of the major drivers and regional dynamics of the global drone technology market and evaluation of market size, market forecast, market share analysis and a relevant patent analysis
  • Discussion on types of drones including unmanned ground vehicles, unmanned surface vehicles, unmanned marine vehicles and unmanned aerial vehicles
  • Market analysis of the various applications of drones and identification of segments with high growth potential
  • Description of demand for drones in surveillance, reconnaissance, military combat, and commercial applications
  • Highlights of current and future market potential and a detailed analysis of the current market size, and regulatory scenarios
  • Market share analysis of the leading suppliers of the industry and detailed company profiles of major players in the market, including General Atomics Aeronautical Systems Inc., Insitu Inc., AeroVironment Inc., SZ DJI Technology Co. Ltd., Oceaneering International Inc., and Northrop Grumman Corp.
Published - Oct-2018| Analyst - BCC Publishing| Code - IAS104B

Report Highlights

The global drone market should reach $52.2 billion by 2023 from $23.6 billion in 2018 at a compound annual growth rate (CAGR) of 17.2% for the period of 2018-2023.

Report Includes

  • 33 data tables and 26 additional tables
  • An overview of the global market for drone technology
  • Analyses of global market trends, with data from 2016 to 2018 and projections of CAGRs through 2023
  • Country-specific data and analysis for U.S., China, Russia, the U.K., Australia, Germany, Turkey, U.A.E., Brazil, France, Saudi Arabia, India, South Korea and Japan
  • Coverage of history and market dynamics of drones
  • Discussion of types of drones including unmanned ground vehicles, unmanned surface vehicles, unmanned marine vehicles and unmanned aerial vehicles
  • Description of demand for drones in surveillance, reconnaissance, military combat and commercial applications
  • Detailed description of major players in the market, including Aerovironment, Inc., BAE System, General Atomics Aeronautical Systems Inc., Lockheed Martin Corp., Parrot Drones SAS, Saab Seaeye Ltd. and Xiaomi Inc.
Published - Sep-2015| Analyst - Sinha G. Gaurav| Code - IAS104A

Report Highlights

The global drone market is expected to grow from $639.9 million in 2014 to $725.5 million in 2015. This market is further expected to grow to $1.2 billion by 2020 with a compound annual growth rate (CAGR) of 11.4% for the forecast period, 2015-2020.

Report Includes

  • An overview of the global markets and technologies for drones, classified on the basis of traveling environment into Unmanned Ground Vehicles (UGVs), Unmanned Aerial Vehicles (UAVs), Unmanned Surface Vehicles and Unmanned Marine Vehicles (AUVs).
  • Analyses of global market trends, with data from 2014, estimates for 2015 and projections of compound annual growth rates (CAGRs) through 2020.
  • Analyses of the market by type, by application, by technology, by component and by geography.
  • Details discussing the current and future trends and analysis based on various competitive technologies.
  • Information on the market's value chain as well as competitive landscape.
  • Relevant patent analysis.
  • Profiles of leading players and their key developments and strategies.

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Drone Technology and Global Markets
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