North America Drones Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

North America Drones Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The North America Drones Market is expected to exhibit a growth rate of more than 12% during the forecast period 2022-2027.

For several years, the drone market was in the nascent phase, facing a lack of adoption in the commercial sector. Although they were initially viewed as military devices, drones have established a significant presence in the commercial sector over the past five years. The demand for drones continued to remain strong even during the COVID-19 pandemic.

Over the years, with several grants from the FAA, the demand for drones has emerged from various industries, like infrastructure, agriculture, transport, entertainment, security, and insurance. Hence, enterprise drones are expected to register higher growth during the forecast period, as compared to consumer drones.

Advancements in drone technologies have allowed manufacturers to produce a wide range of models in different sizes, weights, and shapes, which can carry different sensor payloads, making them favorable across a broad application base.

Factors such as security and safety concerns and scarcity of trained pilots are anticipated to hamper the growth of the drones market to a certain extent.

Key Market TrendsThe Increasing Use of Drones in Construction Sector

The use of drones in construction is increasing the operational efficiency and cost-effectiveness of land surveying methods by overcoming the disadvantages of traditional methods such as human error. Drones are being increasingly utilized to perform the visual inspection of the high-risk areas of a construction site. The efficiency of on-site communication and management is also bolstered by the ability to collect real-time data from drones. Drones also help engineers and surveyors carry out the inspection of high-rise structures and visualize the project progress through aerial shots. Additionally, they provide site managers with an overview of potential issues and facilitate key decision-making aspects to streamline the operations at a construction site. The use of aerial intelligence is anticipated to help reduce one-fifth of the total project cost and one-tenth of the earths moving cost. Such advantages of the use of drones in the construction sector are expected to drive the growth of the segment in the coming future.

The United States Currently has the Highest Share in the Market

With the support of the FAA, various government agencies, small enterprises, and other several other start-ups in the United States have been testing to integrate drones into various sectors like infrastructure, law enforcement, agriculture, last-mile delivery, medical transport, and entertainment among others. have been testing the use of drones in the country. Corporate giants, like Amazon, Google, Walmart, and Uber, have been testing the use of drones for deliveries in the coming years. For instance, in May 2022, Walmart announced that its delivery service with the operator DroneUp will be rolled out in six states, making it the country’s first large-scale drone delivery program. Parts of Arizona, Arkansas, Florida, Texas, Utah, and Virginia could be on the receiving end of more than 1m packages by drone annually, the firm predicted. In June 2022, Amazon tested its drone service in the US, Amazon customers in Lockeford, California, will be among the first to receive Prime Air drone deliveries in the U.S. The growth in drone operators in the country and the support of the government will accelerate demand for the drone market in the United States during the forecast period.

Competitive Landscape

The drone market in North America is fragmented, and some of the prominent players dominating the market are BirdsEyeView Aerobotics, DJI, Intel, and Drone Delivery Canada. In the United States alone, 685 companies are working in the drone sector. Additionally, the entry of companies, like Alphabet, and Intel, into the commercial sector of drones is expected to help the fragmentation of the market over the coming years. Also, drone manufacturers (software and hardware providers) are collaborating with service providers to develop advanced technology-integrated drone solutions to support the operation of drones in the commercial sector. Such collaborations in the future are anticipated to help drone manufacturers capture market opportunities in various countries around the world.

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• The market estimate (ME) sheet in Excel format
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