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Press Release:

Global Drones Market to Grow at 12.56% During 2022-2027, Impelled by Development of Next-Generation Smart Variants

COVID-19
The pandemic continues to cause unprecedented disruption across industries worldwide.
Get detailed insights regarding the impact of COVID-19 on the market.

Drones Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global drones market reached a value of US$ 22.1 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 43.4 Billion by 2027, exhibiting at a CAGR of 12.56% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

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.

 

 
 

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Note: Values and trends in the above chart consists of dummy data and are only shown here for representation purpose. Kindly contact us for the actual market size and trends.

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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, along with forecasts at the global, regional, and country levels from 2022-2027. Our report has categorized the market based on type, component, payload, point of sale, and end-use industry.

Breakup by Type:

 

 
 

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  • 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:

 
 

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  • 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
  • The 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 analyzed the competitive landscape of the market with some of the key players being 3D Robotics, AeroVironment Inc, Birdseyeview Aerobotics Inc., Delair SAS, DroneDeploy Inc., Intel Corporation, Parrort SA, Precisionhawk Inc., SZ DJI Technology Co. Ltd. (iFlight Technology Co. Ltd.), Terra Drone Corporation, The Boeing Company, etc.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Type, Component, Payload, Point of Sale, End-Use Industry, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered 3D Robotics, AeroVironment Inc, Birdseyeview Aerobotics Inc., Delair SAS, DroneDeploy Inc., Intel Corporation, Parrort SA, Precisionhawk Inc., SZ DJI Technology Co. Ltd. (iFlight Technology Co. Ltd.), Terra Drone Corporation and The Boeing Company
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
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Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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    The 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
 
List of Figures

Figure 1: Global: Drones Market: Major Drivers and Challenges
Figure 2: Global: Drones Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Drones Market: Breakup by Type (in %), 2021
Figure 4: Global: Drones Market: Breakup by Component (in %), 2021
Figure 5: Global: Drones Market: Breakup by Payload (in %), 2021
Figure 6: Global: Drones Market: Breakup by Point of Sale (in %), 2021
Figure 7: Global: Drones Market: Breakup by End-Use Industry (in %), 2021
Figure 8: Global: Drones Market: Breakup by Region (in %), 2021
Figure 9: Global: Drones Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 10: Global: Drones (Fixed Wing) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Drones (Fixed Wing) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Drones (Rotary Wing) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Drones (Rotary Wing) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Drones (Hybrid) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Drones (Hybrid) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Drones (Hardware) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Drones (Hardware) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Drones (Software) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Drones (Software) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Drones (Accessories) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Drones (Accessories) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Drones (<25 Kilograms) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Drones (<25 Kilograms) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Global: Drones (25-170 Kilograms) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Global: Drones (25-170 Kilograms) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: Global: Drones (>170 Kilograms) Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: Global: Drones (>170 Kilograms) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: Global: Drones (Original Equipment Manufacturers) Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: Global: Drones (Original Equipment Manufacturers) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: Global: Drones (Aftermarket) Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: Global: Drones (Aftermarket) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: Global: Drones (Construction) Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: Global: Drones (Construction) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: Global: Drones (Agriculture) Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: Global: Drones (Agriculture) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: Global: Drones (Military and Defense) Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: Global: Drones (Military and Defense) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: Global: Drones (Law Enforcement) Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: Global: Drones (Law Enforcement) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: Global: Drones (Logistics) Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: Global: Drones (Logistics) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: Global: Drones (Media and Entertainment) Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: Global: Drones (Media and Entertainment) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: Global: Drones (Other End-Use Industries) Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: Global: Drones (Other End-Use Industries) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: North America: Drones Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: North America: Drones Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: United States: Drones Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: United States: Drones Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: Canada: Drones Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: Canada: Drones Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: Asia Pacific: Drones Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: Asia Pacific: Drones Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: China: Drones Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: China: Drones Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: Japan: Drones Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: Japan: Drones Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: India: Drones Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: India: Drones Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: South Korea: Drones Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: South Korea: Drones Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: Australia: Drones Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: Australia: Drones Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: Indonesia: Drones Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: Indonesia: Drones Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: Others: Drones Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: Others: Drones Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: Europe: Drones Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: Europe: Drones Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 70: Germany: Drones Market: Sales Value (in Million US$), 2016 & 2021
Figure 71: Germany: Drones Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 72: France: Drones Market: Sales Value (in Million US$), 2016 & 2021
Figure 73: France: Drones Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 74: United Kingdom: Drones Market: Sales Value (in Million US$), 2016 & 2021
Figure 75: United Kingdom: Drones Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 76: Italy: Drones Market: Sales Value (in Million US$), 2016 & 2021
Figure 77: Italy: Drones Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 78: Spain: Drones Market: Sales Value (in Million US$), 2016 & 2021
Figure 79: Spain: Drones Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 80: Russia: Drones Market: Sales Value (in Million US$), 2016 & 2021
Figure 81: Russia: Drones Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 82: Others: Drones Market: Sales Value (in Million US$), 2016 & 2021
Figure 83: Others: Drones Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 84: Latin America: Drones Market: Sales Value (in Million US$), 2016 & 2021
Figure 85: Latin America: Drones Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 86: Brazil: Drones Market: Sales Value (in Million US$), 2016 & 2021
Figure 87: Brazil: Drones Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 88: Mexico: Drones Market: Sales Value (in Million US$), 2016 & 2021
Figure 89: Mexico: Drones Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 90: Others: Drones Market: Sales Value (in Million US$), 2016 & 2021
Figure 91: Others: Drones Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 92: Middle East and Africa: Drones Market: Sales Value (in Million US$), 2016 & 2021
Figure 93: Middle East and Africa: Drones Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 94: Global: Drones Industry: SWOT Analysis
Figure 95: Global: Drones Industry: Value Chain Analysis
Figure 96: Global: Drones Industry: Porter’s Five Forces Analysis

List of Tables

Table 1: Global: Drones Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Drones Market Forecast: Breakup by Type (in Million US$), 2022-2027
Table 3: Global: Drones Market Forecast: Breakup by Component (in Million US$), 2022-2027
Table 4: Global: Drones Market Forecast: Breakup by Payload (in Million US$), 2022-2027
Table 5: Global: Drones Market Forecast: Breakup by Point of Sale (in Million US$), 2022-2027
Table 6: Global: Drones Market Forecast: Breakup by End-Use Industry (in Million US$), 2022-2027
Table 7: Global: Drones Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 8: Global: Drones Market: Competitive Structure
Table 9: Global: Drones Market: Key Players


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Key Questions Answered in This Report

The global drones market was valued at US$ 22.1 Billion in 2021.

We expect the global drones market to exhibit a CAGR of 12.56% during 2022-2027.

The introduction of advanced drone models with thermal sensors and night vision cameras for several
commercial purposes, is primarily driving the global drones market.

The sudden outbreak of the COVID-19 pandemic has led to the rising demand for drones in the
healthcare sector for rapid delivery of medical supplies, vaccines, drugs, etc.

Based on the type, the global drones market can be segmented into fixed wing, rotary wing, and hybrid.
Currently, fixed wing drones hold the majority of the total market share.

Based on the component, the global drones market has been divided into hardware, software, and
accessories. Among these, hardware exhibits a clear dominance in the market.

Based on the payload, the global drones market can be categorized into &lt;25 kilograms, 25-170
kilograms, and &gt;170 kilograms. Currently, &lt;25 kilograms account for the majority of the global market
share.

Based on the point of sale, the global drones market has been segregated into Original Equipment
Manufacturers (OEM) and aftermarket, where Original Equipment Manufacturers (OEM) currently hold
the largest market share.

Based on the end-use industry, the global drones market can be bifurcated into construction,
agriculture, military and defense, law enforcement, logistics, media and entertainment, and others.
Among these, the military and defense industry currently exhibits a clear dominance in the market.

On a regional level, the market has been classified into North America, Asia Pacific, Europe, Latin
America, and Middle East and Africa, where North America currently dominates the global market.

Some of the major players in the global drones market include 3D Robotics, AeroVironment Inc,
Birdseyeview Aerobotics Inc., Delair SAS, DroneDeploy Inc., Intel Corporation, Parrort SA, Precisionhawk
Inc., SZ DJI Technology Co. Ltd. (iFlight Technology Co. Ltd.), Terra Drone Corporation, The Boeing
Company, etc.

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