Commercial Drones Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Commercial Drones Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Market Overview:

The global commercial drones market size reached US$ 20.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 84.3 Billion by 2028, exhibiting a growth rate (CAGR) of 25.9% during 2023-2028. Rapid advancements in drone technology, government initiatives and regulations supporting the integration of drones, and burgeoning investments in research and development (R&D) by key manufacturers represent some of the key factors driving the market.

Commercial drones, also known as unmanned aerial vehicles (UAVs), are aerial vehicles that are operated remotely by a human operator or autonomously using software-controlled flight plans. They consist of several key components, including a flight controller, propulsion system, sensors, and communication system. The flight controller is responsible for controlling its movements, whereas the propulsion system consists of electric motors and propellers that provide lift and thrust. The communication system enables the drone to transmit data and receive commands from a remote operator. Commercial drones offer numerous advantages as they are faster, more accurate, and more cost-effective and aid in performing high-quality aerial filming and photography. Additionally, they can be equipped with a wide range of sensors, including thermal imaging and LiDAR, allowing for a variety of applications, from mapping and surveying to agriculture and emergency response. Currently, there are umpteen product variants available on the market, including fixed-wing drones, multi-rotor drones, and hybrid drones.


Commercial Drones Market Trends:
The market is primarily driven by the increasing product demand across the agriculture, construction, and logistics industries. This is further bolstered by the advancements in drone technology, including the development of sophisticated sensors, improved battery life, and enhanced data processing capabilities. Moreover, the implementation of various government initiatives and regulations supporting the integration of drones into commercial operations and the rising need for quick and reliable last-mile delivery solutions across the e-commerce sector are driving the market growth. Furthermore, the widespread product adoption in disaster management, aerial photography, and inspection services and the burgeoning investments in research and development (R&D) by key manufacturers are providing an impetus to the market growth. Apart from this, the emergence of autonomous drones that assists in military and law enforcement operations, search and rescue missions, and environmental monitoring, is favoring the market growth. In line with this, rapid technological advancements, such as the integration of artificial intelligence (AI) and machine learning (ML) technologies to recognize and track objects in real time and enhance the capabilities of drones is creating a positive outlook for the market. Other factors, such as the decreasing costs of drone production and the availability of affordable consumer drones are propelling the market growth

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global commercial drones market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on weight, system, product, mode of operation, application and end use.

Weight Insights:

<2 Kg
2 Kg-25 Kg
25 Kg-150 Kg

The report has provided a detailed breakup and analysis of the market based on the weight. This includes <2 Kg, 2 Kg-25 Kg, and 25 Kg-150 Kg. According to the report, the <2 Kg segment dominates the market.

System Insights:

Hardware
Airframe
Propulsion System
Payloads
Others
Software

The report has provided a detailed breakup and analysis of the market based on the system. This includes hardware (airframe, propulsion system, payloads, and others) and software. As per the report, the hardware segment holds the largest market share.

Product Insights:

Fixed Wing
Rotary Blade
Hybrid

The report has provided a detailed breakup and analysis of the market based on the product. This includes fixed wing, rotary blade, and hybrid. As per the report, the rotary blade leads the market.

Mode of Operations Insights:

Remotely Operated
Semi-Autonomous
Autonomous

The report has provided a detailed breakup and analysis of the market based on the mode of operations. This includes remotely operated, semi-autonomous, and autonomous. As per the report, remotely operated spearheads the market.

Application Insights:

Filming and Photography
Inspection and Maintenance
Mapping and Surveying
Precision Agriculture
Surveillance and Monitoring
Others

The report has provided a detailed breakup and analysis of the market based on the application. This includes filming and photography, inspection and maintenance, mapping and surveying, precision agriculture, surveillance and monitoring, and others. As per the report, the filming and photography segment holds the largest market share.

End Use Insights:

Agriculture
Delivery and Logistics
Energy
Media and Entertainment
Real Estate and Construction
Security and Law Enforcement
Others

The report has provided a detailed breakup and analysis of the market based on the end-use. This includes agriculture, delivery and logistics, energy, media and entertainment, real estate and construction, security and law enforcement, and others. As per the report, the media and entertainment segment dominates the market.

Regional Insights:

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

The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. As per the report, North America dominates the market. Some of the factors accelerating the North America commercial drones market include the growing demand for drones in agriculture and infrastructure industries, rapid advancements in drone technology, and favorable government regulations.

Competitive Landscape:
The report has also provided a comprehensive analysis of the competitive landscape in the market. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. Some of the companies covered include Aeronavics Ltd., AeroVironment Inc., Autel Robotics, Delair, Insitu Inc. (The Boeing Company), Leptron Unmanned Aircraft Systems Inc., PrecisionHawk Inc., SenseFly (AgEagle Aerial Sys), Skydio Inc., SZ DJI Technology Co. Ltd. (iFlight Technology Company Limited) and Yuneec International, etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.

Key Questions Answered in This Report

1. What was the size of the global commercial drones market in 2022?
2. What is the expected growth rate of the global commercial drones market during 2023-2028?
3. What are the key factors driving the global commercial drones market?
4. What has been the impact of COVID-19 on the global commercial drones market?
5. What is the breakup of the global commercial drones market based on the weight?
6. What is the breakup of the global commercial drones market based on the system?
7. What is the breakup of the global commercial drones market based on the product?
8. What is the breakup of the global commercial drones market based on mode of operation?
9. What is the breakup of the global commercial drones market based on the application?
10. What is the breakup of the global commercial drones market based on the end use?
11. What are the key regions in the global commercial drones market?
12. Who are the key players/companies in the global commercial drones market?