Drones Market Report by Type (Fixed Wing, Rotary Wing, Hybrid), Component (Hardware, Software, Accessories), Payload (<25 Kilograms, 25-170 Kilograms, >170 Kilograms), Point of Sale (Original Equipment Manufacturers (OEM), Aftermarket), End-Use Industry (Construction, Agriculture, Military and Defense, Law Enforcement, Logistics, Media and Entertainment, and Others), and Region 2024-2032

Drones Market Report by Type (Fixed Wing, Rotary Wing, Hybrid), Component (Hardware, Software, Accessories), Payload (<25 Kilograms, 25-170 Kilograms, >170 Kilograms), Point of Sale (Original Equipment Manufacturers (OEM), Aftermarket), End-Use Industry (Construction, Agriculture, Military and Defense, Law Enforcement, Logistics, Media and Entertainment, and Others), and Region 2024-2032

Report Format: PDF+Excel | Report ID: SR112024A2293
Buy Now

Market Overview:

The global drones market size reached US$ 27.7 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 59.2 Billion by 2032, exhibiting a growth rate (CAGR) of 10.84% during 2024-2032. The growing consumer interest in recreational activities, such as drone racing and personal photography, the implementation of government regulations and supportive policies, and the integration of IoT, 5G, and augmented reality are some of the major factors propelling the market.

Report Attribute
Key Statistics
Base Year
2023
Forecast Years
2024-2032
Historical Years
2018-2023
Market Size in 2023 US$ 27.7 Billion
Market Forecast in 2032 US$ 59.2 Billion
Market Growth Rate 2024-2032 10.84%


Drones, also known as unmanned aerial vehicles (UAVs), are flying devices that can be remotely operated or fly autonomously through software-controlled flight plans. These devices have a wide range of applications including aerial photography, surveillance, agriculture, and disaster management. Equipped with various technologies such as cameras, GPS, and sensors, drones are able to collect and transmit data in real time. They vary in size and complexity, ranging from small consumer models to large industrial-grade drones. The utilization of drones has grown substantially in recent years due to technological advancements, reduced costs, and increased accessibility. Regulations and safety concerns continue to shape the evolving landscape of drone usage, making them a prominent topic in modern technology discussions.

Global Drones Market Report  
The rise in consumer interest in recreational activities, such as drone racing and personal photography, is creating a robust market. Hobbyists and enthusiasts are increasingly adopting drones, and this trend is expected to continue with the introduction of more user-friendly and affordable models. Along with this, government regulations and supportive policies play a vital role in shaping the drone industry. Countries across the world are working to establish clear legal frameworks and regulations that ensure the safe and responsible usage of the product. These guidelines cover aspects such as pilot certification, flight restrictions, privacy concerns, and safety standards. Therefore, this is significantly supporting the market. In healthcare, drones are opening new avenues for delivering medical supplies to remote or difficult-to-access areas. They are being employed in transporting blood samples, vaccines, and essential medical equipment, thereby optimizing healthcare services and potentially saving lives, further impacting the market. Moreover, the integration of IoT, 5G, and augmented reality is creating a positive market outlook.

Drones Market Trends/Drivers:

Technological Advancements and Innovation

The development and adoption of drones have been strongly influenced by technological advancements and continuous innovation. The ongoing enhancement of key technologies such as GPS, navigation systems, battery life, and sensor capabilities has enabled drones to become more versatile and capable. Cutting-edge features, including obstacle detection, artificial intelligence, and machine learning have expanded the product’s functionality, enabling them to perform complex tasks with increased efficiency and precision. These technological advancements have facilitated the deployment of the product across various sectors such as agriculture, construction, defense, and emergency response. The rapid pace of innovation has led to reduced manufacturing costs and increased affordability, making drones accessible to a wider audience. Furthermore, collaboration between industry stakeholders, including manufacturers, technology providers, and regulatory authorities, has fostered an environment conducive to continued growth and technological evolution.

Government Regulations and Supportive Policies

Government regulations and supportive policies play a vital role in shaping the drone industry. Countries around the world are working to establish clear legal frameworks and regulations that ensure the safe and responsible usage of the product. These guidelines cover aspects such as pilot certification, flight restrictions, privacy concerns, and safety standards. Regulatory support fosters innovation, encourages investment, and builds consumer trust. Governments are also actively investing in research, development, and pilot projects, demonstrating a commitment to the industry's growth. Collaborative efforts between regulatory bodies, industry stakeholders, and academic institutions are laying the foundation for a well-structured market, contributing to the commercialization and standardization of drone technology.

Global Initiatives for Disaster Management and Emergency Response

Drones are playing a pivotal role in disaster management and emergency response, acting as a significant driver for the industry's growth. In the wake of natural disasters, including earthquakes, floods, and wildfires, drones provide rapid assessment and real-time information, enabling more effective rescue and relief operations. The ability to access hard-to-reach areas, provide aerial imagery, and deliver essential supplies has made drones indispensable tools in emergency scenarios. Governments, NGOs, and international agencies are increasingly integrating drones into their disaster management strategies, recognizing their potential to save lives and reduce damage. Global initiatives promoting the use of technology in humanitarian efforts are reinforcing the value of drones and fostering collaborative projects across nations. This global recognition of drones as essential tools for emergency response is bolstering the industry, ensuring continued expansion and innovation.

 

 
 

 

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

To get more information about this market, Request Sample

Drones Industry Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the global drones market report, along with forecasts at the global, regional and country levels from 2024-2032. Our report has categorized the market based on type, component, payload, point of sale and end-use industry.

Breakup by Type:

 
 

 

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

To get more information about this market, Request Sample

  • Fixed Wing
  • Rotary Wing
  • Hybrid
     

Fixed wing dominates the market

The report has provided a detailed breakup and analysis of the market based on the type. This includes fixed wing, rotary wing, and hybrid. According to the report, the fixed wing represented the largest segment.

Market drivers for fixed-wing drones in the drone industry are pivotal factors that influence the growth and development of this segment. These drivers stem from a confluence of technological advancements, operational efficiencies, and expanding applications. Additionally, fixed-wing drones excel in covering large areas swiftly and efficiently, making them highly suitable for tasks such as aerial mapping, surveying, agriculture, and environmental monitoring. The extended flight times enabled by their design provide a distinct advantage over multi-rotor counterparts, enhancing their suitability for long-range missions. Moreover, the rising demand for accurate geospatial data, particularly in industries like construction, mining, and agriculture, underscores the market's growth trajectory. Regulatory frameworks that increasingly accommodate the integration of drones into various sectors further bolster the market's expansion. As industries continue to recognize the value of efficient data acquisition and analysis, the fixed-wing drone segment is poised to experience sustained growth, offering a compelling solution for diverse applications across the commercial landscape.

Breakup by Component:

  • Hardware
  • Software
  • Accessories
     

Hardware holds the largest share in the market

A detailed breakup and analysis of the market based on the component has also been provided in the report. This includes hardware, software, and accessories. According to the report, hardware accounted for the largest market share.

Market drivers for hardware components in the drones industry play a pivotal role in shaping the technological landscape and driving its evolution. These drivers stem from a synergy of factors that combine innovation, functionality, and demand. The continuous pursuit of lightweight, high-performance materials and components fuels advancements in drone hardware. As drones find increased adoption in sectors such as agriculture, infrastructure inspection, and surveillance, there is a growing need for specialized sensors, cameras, and communication modules that enhance their capabilities. The demand for reliable and precise navigation, improved battery efficiency, and data processing prowess further propels the innovation in drone hardware components. Additionally, cost efficiencies achieved through economies of scale and streamlined manufacturing processes contribute to the growth of this market. As industries realize the transformative potential of drones in optimizing operations and data collection, the market for hardware components is poised to experience sustained expansion. The confluence of cutting-edge technology, market demand, and efficient production methodologies establishes hardware components as a crucial driver of progress within the drones industry.

Breakup by Payload:

  • <25 Kilograms
  • 25-170 Kilograms
  • >170 Kilograms
     

<25 kilograms payload dominates the market

The report has provided a detailed breakup and analysis of the market based on the payload. This includes <25 kilograms, 25-170 kilograms, and >170 kilograms. According to the report, <25 kilograms accounted for the largest market share.

Market drivers for drones with a payload capacity of less than 25 kilograms in the industry are pivotal forces that shape the trajectory of this specific segment. These drivers emanate from a fusion of technological innovation, regulatory developments, and diverse application demands. Drones within this weight category offer a versatile solution for various sectors, including aerial photography, small-scale delivery, environmental monitoring, and infrastructure inspection. In addition, the growing need for cost-effective, agile, and easily deployable aerial solutions across industries fuels the demand for drones with sub-25-kilogram payloads. Regulatory frameworks that facilitate the integration of lightweight drones into airspace operations also contribute significantly to the market's expansion. Technological advancements in miniaturization, battery efficiency, and communication systems further bolster the capabilities of these drones, making them more efficient and user-friendly. As businesses and industries recognize the value of incorporating aerial capabilities into their operations, the demand for sub-25-kilogram payload drones is expected to remain robust, driving continuous innovation and market growth.

Breakup by Point of Sale:

  • Original Equipment Manufacturers (OEM)
  • Aftermarket
     

Original equipment manufacturers (OEM)  holds the largest share in the market

A detailed breakup and analysis of the market based on the point of sale has also been provided in the report. This includes original equipment manufacturers (OEM) and aftermarket. According to the report, original equipment manufacturers (OEM) accounted for the largest market share.

Market drivers for original equipment manufacturers (OEM) point of sale within the drones industry encompass a series of factors that significantly influence this specific market segment. These drivers emanate from a combination of industry dynamics, technological advancements, and consumer preferences. OEM point of sale serves as a critical avenue for businesses to access a range of drone components, ensuring quality, compatibility, and customization. As the drone industry matures, the demand for specialized components such as sensors, propulsion systems, and communication modules continues to grow. This necessitates a reliable supply chain from OEMs, driving innovation and competition in the market. Additionally, the rising popularity of drone applications across sectors like agriculture, surveillance, and logistics underscores the need for OEMs to provide diverse, high-quality offerings. Technological advancements in drone hardware and software further amplify this demand, as OEMs play a central role in introducing cutting-edge features to the market. As industries increasingly recognize the benefits of tailored drone solutions, the OEM point of sale market is poised for sustained growth, fostering collaboration and driving the evolution of the broader drones industry.

Breakup by End-Use Industry:

  • Construction
  • Agriculture
  • Military and Defense
  • Law Enforcement
  • Logistics
  • Media and Entertainment
  • Others
     

Military and defense dominates the market

The report has provided a detailed breakup and analysis of the market based on the end-use industry. This includes construction, agriculture, military and defense, law enforcement, logistics, media and entertainment, and others. According to the report, military and defense accounted for the largest market share.

Market drivers for the military and defense end-use industry within the drones sector are critical factors that significantly influence this specialized market segment. These drivers arise from a convergence of security imperatives, technological advancements, and operational requirements. Drones have revolutionized military and defense operations by providing enhanced reconnaissance, surveillance, and target acquisition capabilities. In addition, the growing need for real-time situational awareness, border security, and counterterrorism efforts propels the demand for advanced drone technologies. Along with this, the development of autonomous and semi-autonomous drones offers strategic advantages in reducing human risk and increasing operational efficiency. As governments and defense agencies prioritize the integration of drones into their operations, investments in research and development of cutting-edge drone technologies rise. Furthermore, the emergence of multidomain warfare strategies underscores the importance of versatile drones that can operate across land, air, and sea domains. These drivers, coupled with geopolitical factors and the ongoing pursuit of technological superiority, contribute to the steady growth of the military and defense end-use market within the drones industry.

Breakup by Region:

 
 

 

To get more information on the regional analysis of this market, Request Sample

  • 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 exhibits a clear dominance, accounting for the largest drones market share

The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, North America accounted for the largest market share.

Market drivers for the drones industry in North America stem from a confluence of technological innovation, regulatory developments, and diverse applications. The region's well-established research and development infrastructure, coupled with a culture of entrepreneurship, has led to pioneering advancements in drone technology. Along with this, the growing applications of drones across sectors such as agriculture, infrastructure, and public safety are driving market expansion. Regulatory frameworks that accommodate commercial drone operations and prioritize safety have paved the way for increased adoption.

Moreover, North America's robust aerospace industry and investment in drone startups contribute to a dynamic ecosystem, fostering continuous innovation and competition. The region's vast landscapes and varied industries create a demand for drones with diverse capabilities, from precision agriculture to disaster response. As industries increasingly integrate drones to optimize operations and data collection, North America's drones market is set to experience sustained growth, solidifying its position as a global hub for drone technology development and deployment.

Competitive Landscape:

The global drones market is experiencing significant growth due to the escalating number of research and development to enhance drone capabilities. This includes improving flight stability, battery life, range, payload capacity, and the integration of advanced sensors and cameras for better data collection and analysis. Along with this, companies are tailoring drones for specific industries, such as agriculture, construction, mining, oil and gas, environmental monitoring, and public safety. They are designing drones with specialized features and payloads to meet the unique requirements of these sectors. In addition, manufacturers are working on developing autonomous and semi-autonomous drone systems to perform tasks without constant manual intervention, increasing efficiency and reducing the need for skilled operators. Therefore, this is positively influencing the market. Apart from this, the development of software platforms for flight planning, data processing, and analysis is significantly supporting the market. Furthermore, the integration of third-party sensors, cameras, and other components to create a tailored solution is contributing to the market.

The report has provided a comprehensive analysis of the competitive landscape in the global drones market. Detailed profiles of all major companies have also been provided. Some of the key players in the market include:

  • 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

Recent Developments:

  • In July 2023, Currawong Engineering stated that it will continue its relationship with AeroVironment Inc. by giving the company's JUMP-20 unmanned aircraft system (UAS) the upcoming batch of High-Performance Velocity Electronic Speed Controllers (ESC).
  • In October 2022, DroneDeploy Inc. acquired StructionSite to integrate aerial and ground-based capture. It integrates the two aerial and ground capture solution providers into a single platform, enabling users to deploy drones, ground robots, and handheld 360-degree cameras to record their locations with ease.
  • In August 2023, Parrot SA stated that it will decrease its employment by about 20% and discontinue buying components from China. Despite weak drone sales, the corporation aims to scale back on its financial outlays.

Drones Market Report Scope:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Scope of the Report xploration of Historical and Forecast Trends, Industry Catalysts and Challenges, Segment-Wise Historical and Predictive Market Assessment:
  • Type
  • Component
  • Payload
  • Point Of Sale
  • End-Use Industry
  • Region
Types Covered Fixed Wing, Rotary Wing, Hybrid
Components Covered Hardware, Software, Accessories
Payloads Covered 25 Kilograms, 25-170 Kilograms, >170 Kilograms
Point of Sales Covered Original Equipment Manufacturers (OEM), Aftermarket
End-Use Industries Covered Construction, Agriculture, Military and Defense, Law Enforcement, Logistics, Media and Entertainment, Others
Regions 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, Parrot SA, Precisionhawk Inc., SZ DJI Technology Co. Ltd. (iFlight Technology Co. Ltd.), Terra Drone Corporation, Boeing Company etc.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899
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)

Key Benefits for Stakeholders:

  • IMARC’s report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the drones market from 2018-2032.
  • The research study provides the latest information on the market drivers, challenges, and opportunities in the global drones market.
  • The study maps the leading, as well as the fastest-growing, regional markets. It further enables stakeholders to identify the key country-level markets within each region.
  • Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the drones industry and its attractiveness.
  • Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.

Key Questions Answered in This Report

The global drones market was valued at US$ 27.7 Billion in 2023.

We expect the global drones market to exhibit a CAGR of 10.84% during 2024-2032.

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 & <25 Kilograms, 25-170 kilograms, >170 Kilograms. Currently,<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, Parrot SA, Precisionhawk Inc., SZ DJI Technology Co. Ltd. (iFlight Technology Co. Ltd.), Terra Drone Corporation, Boeing Company, etc.

Need more help?

  • Speak to our experienced analysts for insights on the current market scenarios.
  • Include additional segments and countries to customize the report as per your requirement.
  • Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
  • For further assistance, please connect with our analysts.
Drones Market Report by Type (Fixed Wing, Rotary Wing, Hybrid), Component (Hardware, Software, Accessories), Payload (<25 Kilograms, 25-170 Kilograms, >170 Kilograms), Point of Sale (Original Equipment Manufacturers (OEM), Aftermarket), End-Use Industry (Construction, Agriculture, Military and Defense, Law Enforcement, Logistics, Media and Entertainment, and Others), and Region 2024-2032
Purchase options




Benefits of Customization

Personalize this research

Triangulate with your data

Get data as per your format and definition

Gain a deeper dive into a specific application, geography, customer, or competitor

Any level of personalization

Get in Touch With Us
UNITED STATES

Phone: +1-631-791-1145

INDIA

Phone: +91-120-433-0800

UNITED KINGDOM

Phone: +44-753-713-2163

Email: sales@imarcgroup.com

Client Testimonials

Aktive Services

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

Read More
Greenfish S.A.

The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required

Read More
Colruyt Group

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Read More
KRISHAK BHARTI CO-OP LTD

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

Read More
Zee Media Corp. Ltd.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Read More
Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

Read More
Sumitomo Corporation

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

Read More
Hameln Rds

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

Read More
Quality Consultants BV

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

Read More
TATA Advanced Systems Limited

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

Read More
Stax

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.

Read More