Global Drone Market 2025-2029

Drone Market 2025-2029

The drone market is forecasted to grow by USD 37.1 billion during 2024-2029, accelerating at a CAGR of 14.2% during the forecast period. The report on the drone market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rise in applications of drones, advancements in sensors and emergence of low-cost drones, and rise in popularity of drone racing.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.

Technavio's drone market is segmented as below:

By Application

• Industrial
• Terrestrial imagery and mapping
• Precision agriculture
• Inspection and monitoring
• Others

By Type

• Rotary blade
• Fixed wing
• Hybrid

By Technology

• Remotely piloted
• Optionally piloted
• Fully autonomous

By Geographical Landscape

• APAC
• North America
• Europe
• Middle East and Africa
• South America

This study identifies the new developments and launches of commercial drones as one of the prime reasons driving the drone market growth during the next few years. Also, growing number of acquisitions and partnerships and growing demand for delivery drones will lead to sizable demand in the market.

The report on the drone market covers the following areas:

• Drone Market sizing
• Drone Market forecast
• Drone Market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading drone market vendors that include AeroVironment Inc., Autel Robotics Co. Ltd., DELAIR SAS, Drone Delivery Canada Corp., DroneDeploy Inc., Intel Corp., Kespry Inc., Kitty Hawk Corp., Leptron Unmanned Aircraft Systems Inc., Parrot Drones SAS, Pix4D SA, PrecisionHawk Inc., Spirit AeroSystems Inc., SZ DJI Technology Co. Ltd., Teledyne Technologies Inc., Terra Motors Corp., The Boeing Co., and Yuneec International Co. Ltd.. Also, the drone market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.