Argentina Drone Market Report and Forecast 2024-2032

Argentina Drone Market Size

The Argentina drone market reached a value of approximately USD 56.30 million in 2023. The market is projected to grow at a CAGR of 9.13% between 2024 and 2032, reaching a value of around USD 124.88 million by 2032.

Argentina Drone Market Outlook

• E-commerce businesses in Argentina are increasingly employing drone technology to increase accuracy and efficiency. In 2023, the Argentina e-commerce market reached about USD 28 billion.

• According to estimates, 8 out of 10 adults in Argentina actively participates in online shopping.

• SZ DJI Technology Co., Ltd., Autel Robotics Co. Ltd., and Parrot Drone SAS are a few of the major companies in the market.

Argentina Drone Market Growth

The drone imagery mapping service offers farmers the opportunity to increase field diagnostic accuracy for better crop productivity. Pest monitoring and crop maturity operations are being conducted efficiently with the help of drone technology. It allows users to get a bird's eye view to inspect the field through remote monitoring.

One of the factors supporting the Argentina drone market development is the steady rise of drone applications in renewable energy generation. Argentina’s total primary energy mix is dominated by natural gas and oil. In 2022, natural gas accounted for 49% of total energy supply and coal accounted for 2%. As of 2023, the Argentina government awarded 244 projects, adding more than 6,300 MW of installed capacity of renewable energies through rounds 1, 1.5, 2, and 3 of RenovAr, the government’s renewable energy plan, and the Renewable Energy Futures Market (MaTER).

Figure: Total Energy Supply in Argentina, TJ, 2022

Key Trends and Developments

Use in the agricultural sector, expanding applications in renewable energy generation, rapid expansion of the logistics and e-commerce industry, and the ability to improve efficiency across the construction sector are the factors driving the Argentina drone market growth

August 2024

At the AAPRESID 2024 Congress, Jacto introduced its latest agricultural drones, including the DJI Agras T50 model. These advanced devices can perform soil analyses, identify low-productivity areas, apply agrochemicals and fertilizers, and create detailed crop maps, enhancing resource efficiency.

June 2024

DJI collaborated with Nepalese drone service company Airlift, video production company 8KRAW, and certified mountain guide Mingma Gyalje Sherpa to conduct the world's first successful delivery drone trials on Mount Everest. This aviation milestone showcased the DJI FlyCart 30's impressive capabilities, successfully carrying 15kg payloads in the extreme altitude and environmental conditions of Everest.

June 2024

Akron expanded its drone business in Argentina with the introduction of the top-of-the-range DJI Agras T50 model. This advanced drone offers a working capacity of up to 22 hectares per hour and can operate on any terrain and crop type, making it ideal for accessing fields that are challenging for land machines.

March 2024

Autel Robotics has introduced the Autel Alpha, a new flagship industrial drone designed for versatile applications. This advanced drone features major upgrades in autonomous flight, anti-interference, obstacle avoidance, video transmission, and battery systems. Its foldable design and IP55 rating enable it to perform reliably in challenging environments.

Increasing use in the agricultural sector

Mapping and spraying drones enable the effective distribution of plants in each plot and collect crop-related data efficiently, which improve overall efficiency. In 2022, Argentina’s total exports of planting seeds accounted for USD 47 million. It is one of the world's major exporters of soybeans.

Drones play a crucial role in renewable energy generation

In renewable energy generation, by incorporating red, green, and blue (RGB) sensors and infrared cameras, drones can easily monitor panels and turbines. By 2030, Argentina is aiming to generate 57% of its energy from renewable sources, providing further opportunities for drones.

Incorporation of drone technology in the logistics and e-commerce industry

Cutting-edge AI algorithms and advanced drone technologies increase accuracy and cost-effectiveness in delivery operations. In 2022, the e-commerce sector in Argentina experienced rapid growth of 87% compared to 2021.

Increased application in the construction sector

In the construction sector, drones can inspect hard-to-reach areas, and by collecting bulk data, they can generate valuable insights. In 2023, the industrial sector, including construction, contributed 25.1% of the value added to the GDP, compared to 24.2% in 2022.

Argentina Drone Market Trends

Military drones are required in operations including aerial surveillance and search and rescue missions. With the government allocating USD 2,859.2 million for military spending in 2023, a 6.8% increase compared to 2022, the market for drones is expected to expand further.

Furthermore, in construction and infrastructure development, commercial drones enable safer and more efficient plot inspection. With the strong emphasis by the Argentinian government on state-sponsored infrastructure enhancements as part of its aim for social and economic advancement, the demand for drones is expected to continue to soar. In fact, by 2040, the government has planned to invest USD 452 billion in infrastructure projects.

Figure: Industry (Including Construction Sector) Contribution to the Value Added in Argentina’s GDP, in %, 2018-2023

Argentina Drone Industry Segmentation

“Argentina Drone Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:

Market Breakup by Type

• Fixed Wing

• Rotary Wing

• Hybrid

Market Breakup by End Use

• Military and Defence

• Civil and Commercial

• Agriculture
  • Precision Agriculture
  • Livestock Monitoring
  • Surveying and Mapping
  • Aerial Imaging
• Others

Market Breakup by Payload

• Up to 25 Kg

• 26 Kg -150 Kg

• 151 Kg -600 Kg

• Above 600 Kg

Market Breakup by Mode of Operation

• Remotely Operated

• Semi-Autonomous

• Autonomous

Argentina Drone Market Share

By type, rotary wing is expected to hold a significant market share as these are used for aerial photography and video purposes in urban planning.

Rotary wing drones are inexpensive making them a common model. Rotary wing drones make use of varying propeller speeds to maintain stability, hence, are being widely adopted for tasks that require close proximity, such as inspections and search and rescue operations. As of 2024, Aviation Department within the City Police has carried out 1,992 search and rescue operations.

Typically, fixed-wing drones can fly for a duration of 90 minutes, however, with higher energy density of fuel (gas engine powered), several fixed-wing UAVs can stay aloft for 16 hours or more. Hence, it is being widely adopted for applications requiring long-duration flights, including agricultural monitoring, environmental surveys, and surveillance.

Hybrid drones can vertically take off and land. With rising technological advancements, hybrid drones are gaining traction across various applications including aerial mapping and agricultural inspection. Argentina, that has the presence of 155 million hectares of land for agriculture as of 2022, offers significant opportunities for drones in the agriculture domain.

Leading Players in the Argentina Drone Market

Major market players are increasing their collaboration, partnership, and research and development activities to gain a competitive edge in the market

SZ DJI Technology Co., Ltd.

Headquartered in China and founded in 2006, SZ DJI Technology is a leading developer and manufacturer of innovative drone and camera technology for both commercial and recreational purposes. The company offers various range of drones, which includes camera drones, enterprise drones, agriculture drones, and others.

Autel Robotics Co. Ltd.

Headquartered in China and founded in 2014, the company provides aerial robotics for the public sector, public safety, enterprises, and commercial operations. It offers various types of drones under different categories including enterprise products and consumer products.

Parrot Drone SAS

Headquartered in France and founded in 1994, the company creates and develops a coordinated line of micro-UAV hardware and image analysis software for businesses, organizations, and governments. The company offers various types of professional drones.

Elistair SAS

Headquartered in the France and founded in 2014, Elistair offers its equipment and drones for tactical communication, military drone surveillance, and cross-border surveillance. The company offers various types of Tethered drones, including Khronos and Orion 2.2 TE.

Other player in the Argentina drone market includes XAG Co., Ltd.

Key Highlights of the Report