Global Commercial Drones Market Report and Forecast 2024-2032

Global Commercial Drones Market Outlook

The global commercial drones market attained a value of about USD 41.37 billion in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 35.9% to reach nearly USD 651.87 billion by 2032.

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Extensive Use of Commercial Drones Amidst the COVID-19 Crisis Aiding the Market Growth

The demand for commercial drones significantly escalated during the COVID-19 outbreak in 2020 as various governments employed them for the surveillance and supervision of dense areas during nationwide lockdowns, which has aided the market growth. Moreover, commercial drones were increasingly deployed for the delivery of essentials, such as medical supplies, owing to social distancing and stay-at-home orders amidst the surge of the COVID-19 pandemic, which has augmented the market growth. Commercial drones are also being employed to deliver critical COVID-19 vaccinations in various countries. For instance, the government of Ghana partnered with Zipline to deliver COVID-19 vaccines in various rural facilities by drones. Such developments are positively impacting the market growth.

Increasing Demand for Drones in Precision Agriculture Bolstering the Growth of the Commercial Drones Industry

The rising trend of precision agriculture, which utilises various technologies to increase the yield, is propelling the market growth. Drones are extensively used in several agricultural applications, such as crop analysis and pesticide spraying, which is augmenting the industry growth. Moreover, the integration of various imaging technologies, such as multispectral, hyperspectral, and thermal, among others, with droning technologies to provide insights into crop health, growth bottlenecks, and fungal infections, among others, is invigorating the growth of the commercial drones industry. In addition, the increasing automation and accurate global positioning system (GPS) to modernise soil analysis and crop health monitoring are surging the demand for commercial drones, which is bolstering the market growth.

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Commercial Drones: Market Segmentation

Commercial drones, variously known as unmanned aerial vehicles, are aircraft that function without human intervention and are used in various industries to enhance the safety and efficiency of operations. Commercial drones primarily aid in monitoring and delivery in various industries, due to which they are increasingly being deployed.

The major product types of commercial drones are:

• Fixed Wing
• Rotary Blade
• Hybrid

The market can be broadly categorised on the basis of its applications segments into:

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

Based on end use, the market is divided into:

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

The EMR report looks into the regional markets of commercial drones like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Growing Demand for Drones in the Construction Industry to Bolster the Growth of the Commercial Drones Industry

The rising demand for commercial drones in various applications, such as surveillance, construction, and agriculture, among others, is propelling the market growth. As drones aid in efficient data collection, they are increasingly employed in the construction industry, which is fuelling the market growth. The development of drones that comply with the regulatory safety standards to prevent accidents is providing further impetus to the market growth. Moreover, increasing awareness regarding the significance of skilled professionals to fly the drones at job sites is invigorating the market growth. The growing demand for sophisticated and reliable designs is also surging the deployment of commercial drones.

The potential of drones to be employed in the entertainment and healthcare industries is projected to fuel the market growth in the coming years. Moreover, advancements in imaging technologies are further projected to increase the demand for commercial drones in various high-end applications, which is estimated to bolster the industry growth. The integration of the latest technologies, such as artificial intelligence (AI) and machine learning (ML), in drones to automate numerous operations and collect and implement visual data while enhancing safety and efficiency is expected to strengthen the industry growth. Moreover, the trend of smart mobility of drones to increase their commercial accessibility is anticipated to augment the growth of the commercial drones industry in upcoming years.

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Key Industry Players in the Global Commercial Drones Market

The report presents a detailed analysis of the following key players in the global commercial drones market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

• Aeronavics Ltd.
• AeroVironment, Inc.
• Autel Robotics
• SZ DJI Technology Co., Ltd.
• Draganfly Inc.
• Others

The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

Key Highlights of the Report