North America Commercial Drone Market Size, Share & Trends Analysis Report By Product, By Application, By End-use, By Propulsion Type, By Range, By Operating Mode, By Endurance, By Maximum Takeoff Weight, By Region, And Segment Forecasts, 2024 - 2030
North America Commercial Drone Market Size, Share & Trends Analysis Report By Product, By Application, By End-use, By Propulsion Type, By Range, By Operating Mode, By Endurance, By Maximum Takeoff Weight, By Region, And Segment Forecasts, 2024 - 2030
North America Commercial Drone Market Growth & Trends
The North America commercial drone market size is anticipated to reach USD 12.51 billion by 2030 and is anticipated to expand at a CAGR of 9.9% during the forecast period, according to a new report by Grand View Research, Inc. The versatility of drones allows them to be utilized across a wide range of applications, such as land surveying, infrastructure inspection, and emergency response. Drones offer solutions that were previously challenging or costly to implement. These applications have expanded the market potential for commercial drones in North America.
Drones can help reduce operational costs, improve efficiency, minimize risks associated with human labor in hazardous environments, and optimize resource utilization in applications such as agriculture. These benefits related to drones foster market demand for commercial applications. In addition, technological advancements in drones, including high-resolution cameras, thermal imaging, and various sensors such as LiDAR sensors, enable the capture of detailed aerial imagery and data for a wide range of applications such as mapping, filming, monitoring, and allow government agencies and law enforcement utilize to enhance public safety and security measures. These advancements help such agencies for valuable decision-making and evidence collection and fuel market growth.
North America Commercial Drone Market Report Highlights
The rotary blade segment accounted for the largest revenue share of 78.3% in 2023. Due to high flexibility and simplicity in operation, there is a growing demand for various applications such as aerial photography, surveillance, and delivery of packages
The government and law enforcement segment is anticipated to witness the fastest growth during the forecast period due to increased demand for security, asset inspection, traffic monitoring, search and rescue
The media and entertainment segment accounted for the largest revenue share in 2023. Drones offer photographers unique perspectives, allowing them to capture stunning aerial shots that were previously challenging
Hybrid propulsion is anticipated to witness the fastest growth during the forecast period. Hybrid propulsion systems provide the necessary thrust for controlling and maneuvering drones in the air, which allows for efficient task performance
The Visual Line of Sight (VLOS) segment accounted for the largest revenue share in 2023. VLOS allows operators to control drones directly, ensuring safe navigation and collision avoidance with people and obstacles. Due to these factors, the rise of the VLOS segment is increasing in border patrol, cinematography, and others
The fully autonomous segment is expected to grow fastest during the forecast period. The integration of artificial intelligence (AI) and machine learning in drone technology will increase drones' ability to operate without human intervention
The 5-10 hours segment is expected to grow fastest during the forecast period. These drones can complete long-duration tasks such as delivery, filming, and drone shows without frequently charging
The 25kg-500kg takeoff weight segment is expected to grow fastest during the forecast period. These drones can carry higher payloads, such as sensors, which can be used for inspections, mapping, and search and rescue operations
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Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.2. Segment Definitions
1.2.1. Product
1.2.2. Application
1.2.3. End-use
1.2.4. Propulsion Type
1.2.5. Range
1.2.6. Operating Mode
1.2.7. Endurance
1.2.8. Maximum Takeoff Weight
1.2.9. Estimates and forecasts timeline
1.3. Research Methodology
1.3.1. Information Procurement
1.3.2. Information or Data Analysis
1.3.3. Market Formulation & Data Visualization
1.3.4. Data Validation & Publishing
1.4. Research Scope and Assumptions
1.4.1. List of Data Sources
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segment Outlook
2.2.1. Product Outlook
2.2.2. Application Outlook
2.2.3. End-use Outlook
2.2.4. Propulsion Type Outlook
2.2.5. Range Outlook
2.2.6. Operating Mode Outlook
2.2.7. Endurance Outlook
2.2.8. Maximum Takeoff Weight Outlook
2.3. Competitive Insights
Chapter 3. North America Commercial Drone Market Variables, Trends, & Scope
3.1. Market Introduction/Lineage Outlook
3.2. Market Size and Growth Prospects (USD Million)
3.3. Industry Value Chain Analysis
3.4. Market Dynamics
3.4.1. Market Drivers Analysis
3.4.1.1. Potential R&D in North America Commercial Drone
3.4.2. Market Restraints Analysis
3.4.2.1. Lack of skilled workforce and high implementation cost
3.4.2.2. Vast demonstrative data requirement
3.4.3. Industry Opportunities
3.4.4. Industry Challenges
3.5. North America Commercial Drone Market Analysis Tools
3.5.1. Porter’s Analysis
3.5.1.1. Bargaining power of the suppliers
3.5.1.2. Bargaining power of the buyers
3.5.1.3. Threats of substitution
3.5.1.4. Threats from new entrants
3.5.1.5. Competitive rivalry
3.5.2. PESTEL Analysis
3.5.2.1. Political landscape
3.5.2.2. Economic and Social landscape
3.5.2.3. Technological landscape
3.5.2.4. Environmental landscape
3.5.2.5. Legal landscape
Chapter 4. North America Commercial Drone Market: Product Estimates & Trend Analysis
4.1. Segment Dashboard
4.2. North America Commercial Drone Market: Product Movement Analysis, 2023 & 2030 (USD Million)