AI in the Drone Market - Forecasts from 2024 to 2029

AI in the Drone Market - Forecasts from 2024 to 2029

The AI in the drone market is estimated to reach US$61.599 billion by 2029, growing at a CAGR of 30.45% from US$24.444 billion in 2024.

Integrating artificial intelligence (AI) into the drone sector offers various advantages. AI and drones are a formidable combo that has the potential to transform a variety of industries. When coupled, they build intelligent and autonomous airborne systems capable of completing complicated tasks in a variety of conditions. Because of this, the combination of AI and drone technology offers new aerial technological developments for various industries, including agriculture, construction, energy, and security, as well as a solution to many aerial imagery demands.

Integrating AI into drones offers various benefits, including better automation to control drones and helps in real-time data collection and analysis. This integration also helps drones to avoid obstacles and opt for an efficient route.

AI in the drone market drivers
Increased technological advancement in the drones Industry

Significant technological advancements in several important areas are driving the development of drones powered by artificial intelligence. Developments in machine learning and computer vision are providing AI systems with greater skills in object detection, path planning, and even obstacle avoidance. Drones equipped with advanced sensors and cameras can detect and monitor potential threats in real-time, providing critical information to military and security personnel. Advanced computer vision and machine learning algorithms are used for real-time object detection. Autel Robotics EVO II Pro 6K A payload compartment enables users to mount more sensors, such as LiDAR cameras. These cameras would enable a drone to produce incredibly accurate 3D point clouds, creating a comprehensive digital map of its environment.

Geographical outlooks of the AI in the drone market:
Asia Pacific is forecasted to hold a major share of the AI In The Drone Market.

The market is anticipated to increase due to the recent modifications and drone investment in several nations. According to the International Trade Administration, Japan allocated 6.8 trillion yens (about $480 billion) for defense in Fiscal Year (JFY) 2023, making it the third-highest defense budget in Asia and the ninth-largest in the world overall. According to the Defence Programs and Budget, for 2023 unmanned defence capabilities, Japan invested over $182.7 billion. According to the Ministry of Finance & Budget Division, for 2024-2025, the Ministry allocated INR 6,21,540.85 crore (about USD 75 billion) to the Defence Ministry, which reflected a 4.7% increase over the previous year's budget.

Reasons for buying this report:

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Competitive Landscape: Understand the strategic maneuvers employed by key players globally to understand possible market penetration with the correct strategy.
Market Drivers & Future Trends: Explore the dynamic factors and pivotal market trends and how they will shape up future market developments.
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Report Coverage:

Historical data & forecasts from 2022 to 2029
Growth Opportunities, Challenges, Supply Chain Outlook, Regulatory Framework, Customer Behaviour, and Trend Analysis
Competitive Positioning, Strategies, and Market Share Analysis
Revenue Growth and Forecast Assessment of segments and regions including countries
Company Profiling (Strategies, Products, Financial Information, and Key Developments among others)

AI in the Drone Market is segmented and analyzed as follows:

By Technology Type

Software
AI-pilot
Others

By Offerings

Hardware
Software

By End-User

Defence
Logistics and Delivery
Agriculture and Precision Farming
Disaster Management and Search & Rescue
Environmental Monitoring
Others

By Geography

North America
US
Canada
Mexico
South America
Brazil
Argentina
Others
Europe
Germany
France
UK
Spain
Others
Middle East and Africa
Saudi Arabia
UAE
Israel
Others
Asia Pacific
China
Japan
India
South Korea
Indonesia
Taiwan
Others