Global Drone Light Shows Market Analysis & Trends - Industry Forecast to 2030
Drone Light Shows: Market Size
From $6.5 billion in 2024, the global Drone Light Shows market is projected to reach $20.7 billion by 2030. Based on our analysis the market is expected to grow at a CAGR of 21.3% from 2024 - 2030 timeframe. Some of the prominent trends that the market is witnessing include the rising adoption of technological advancement in the UAVs, growing GDP and urbanization, and the standard of living of the people.
Global Drone Light Shows Market: Market Dynamics Rising usage of social media, increasing demand for drone inspection & monitoring services, rising demand for high-quality data, and the increasing disposable income of the population across the globe are the major factors driving the market growth.
On the other hand, the stringent rules and regulations by the government are likely to obstruct the profit boundaries. In addition, growing investment in drone technology will further boost the Drone Light Shows market.
Impact of COVID-19 on Drone Light Shows The epidemic of COVID-19 has caused significant economic and social upheaval. The pandemic has influenced the supply chain and value chain of numerous businesses. The drone light shows the market is not an exception. The impact of the COVID-19 pandemic will be analyzed based on the overall industry including both the demand side and supply side perspectives. The effects of the pandemic would be studied and analyzed for short-term and long-term scenarios. This would assist to formulate business strategies for the period during the pandemic as well as the post-pandemic period for all stakeholders involved in the industry including suppliers, manufacturers, vendors, distributors, and end-users.
By Application
Tourist Attraction Segment Dominate the Market in 2024 The tourist attraction segment made huge revenue in 2024 during the forecast period. The light shows are a popular tourist attraction and these shows can garner tourist attraction without causing pollution like fireworks do. This industry is therefore expected to continue to flourish. Drones will also soon be used in various cultural events and festivals across the globe owing to their brilliant display and entertainment value while looking aesthetically appealing.
By Geography
North America Region is Leading in the Global Market Place North America region is likely to have a huge demand in the forecast period. As, in general, expansive funding towards drones has been a part of the U.S budget allocation. This includes creating newer and improved drones that are helpful for military operations. The companies thereby have also been creating drones that are cheap, effective, and low-cost variants that can be used for light shows.
List of the Key Players Profiled in the Market Include: • Collmot Entertainment • Drone Light Show Company • Geoscan • High Great • Intel Corporation • Skymagic • SPH Engineering Limited • Zerotech
List of the Regions/Countries Profiled in the Market Include: North America • US • Canada • Mexico Europe • Germany • U.K • Italy • France • Spain • Rest of Europe Asia Pacific • China • Japan • India • Australia • New Zealand • Rest of Asia Pacific Middle East • Saudi Arabia • UAE • Rest of Middle East Latin America • Argentina • Brazil • Rest of Latin America Rest of the World (RoW) • South Africa • Others
1 Market Outline
1.1 Definition
1.2 Market Segmentation & Scope
1.3 Market Trends
1.4 Regulatory Factors
1.5 Application Analysis
1.6 Strategic Benchmarking
1.7 Opportunity Analysis
2 Executive Summary
3 Research Methodology and Data Source
3.1 Methodology/Research Approach
3.1.1 Research Programs/Design
3.1.2 Market Size Estimation
3.2 Data Source and Assumptions
3.2.1 Purchased Database
3.2.2 Company Repository
3.2.3 Secondary Sources
3.2.4 Primary Research
3.2.5 List of Assumptions
4 Market Overview
4.1 Current Trends
4.1.1 The Rising Adoption of Technological Advancement in the UAVs