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Global Drone Market Size, Share, Trends, Report, Forecast: By Type: Fixed Wing, Rotary Wing, Hybrid; By Technology: Remotely Operated Drones, Semi-Autonomous Drones, Autonomous Drones, By Function: Special Purpose Drones, Passenger Drones, Others; By Application; Regional Analysis; Market Dynamics; Competitive Landscape; 2024-2032
Global Drone Market Size
The global drone market reached approximately USD 30.64 billion in 2023. The market is projected to grow at a CAGR of 10.30% between 2024 and 2032, reaching a value of around USD 75.21 billion by 2032.
Global Drone Market Outlook
- As of February 29th, 2024, the total number of drones registered in the United States is 781,781.
- As per the industry report, India has set up a target of becoming a prominent global hub of drones by 2030.
- As of February 2024, the United States has the largest number of military drones in the world.
Global Drone Market Growth
Rising applications of drones in the agricultural sector, military reconnaissance and terrain mapping are some of the major factors aiding the market growth. Drones equipped with sensors assist farmers with crop monitoring so they can take preventive measures on time to remove the risk of poor yield and maintain crop health.
Several researchers are relying on drones equipped with LIDAR sensors and 3D cameras for 3D terrain mapping through which they can send live images and videos to the control room which are extremely useful in remote sensing technology. Meanwhile, drones equipped with powerful imaging tools can gather useful information about the enemy’s territory and aid the military in taking appropriate measures to counter them.
Search and rescue is another crucial application aiding the market expansion in which drones equipped with thermal sensors can track down people who may be lost in forests or rugged terrains even in harsh weather conditions. They can further be used in war-prone or disaster-struck areas to drop essential supplies such as food, and medicines, among others to provide relief.
Several government bodies are collaborating with the market players for the deployment of high-end military drones. Kadet Defence Systems (P) established a partnership with the Defence Research Development Organisation (DRDO) on May 8th, 2024, for the development of Loitering Aerial Munitions (LAM) to assist the Indian military. It offers precise aim and can even function at high altitudes, deserts, and rough terrains with greater accuracy. Additionally, Airobotics established a partnership with HHLA Sky on May 9th, 2024, for the development of drones for industrial and infrastructural operations in Germany.
Global Drone Market Segmentation
“Global 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 Technology
- Remotely Operated Drones
- Semi-Autonomous Drones
- Autonomous Drones
Market Breakup by Function
- Special Purpose Drones
- Passenger Drones
- Inspection and Monitoring Drones
- Surveying and Mapping Drones
- Spraying and Seeding Drones
- Others
Market Breakup by Application
- Military
- Commercial
- Government and Law Enforcement
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Drone Market Share
Fixed-wing drones are ideal for a variety of applications, including aerial mapping, surveying, agricultural, and environmental monitoring, because they can cover huge regions quickly and effectively. Their longer flight periods, which come from their design, provide them a clear edge over their multi-rotor competitors and make them more suitable for long-range operations.
The rotary wing drone market is anticipated to grow at a significant rate throughout the forecast period because of its ability to hover, perform agile movements, and maintain a long-term visual focus on a single target. These drones are often seen as a good substitute for a range of business uses, including surveillance, photography, filmmaking, and monitoring.
Leading Companies in Global Drone Market
The market players are offering their cutting-edge drones to government bodies across the world to strengthen their military capabilities.
- AeroVironment, Inc.
- Parrot S.A.
- Teledyne Technologies Inc.
- Airbus SE
- Lockheed Martin Corp.
- Autel Robotics Co., Ltd.
- SZ DJI Technology Co., Ltd.
- Aeronavics Ltd.
- Draganfly Inc.
- PrecisionHawk, Inc.
- Others
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Technology |
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| Breakup by Function |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Drone Market Analysis
8.1 Key Industry Highlights
8.2 Global Drone Historical Market (2018-2023)
8.3 Global Drone Market Forecast (2024-2032)
8.4 Global Drone Market by Type
8.4.1 Fixed Wing
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Rotary Wing
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Hybrid
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.5 Global Drone Market by Technology
8.5.1 Remotely Operated Drones
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Semi-Autonomous Drones
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Autonomous Drones
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.6 Global Drone Market by Function
8.6.1 Special Purpose Drones
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Passenger Drones
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Inspection and Monitoring Drones
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Surveying and Mapping Drones
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Spraying and Seeding Drones
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
8.6.6 Others
8.7 Global Drone Market by Application
8.7.1 Military
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Commercial
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Government and Law Enforcement
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Others
8.8 Global Drone Market by Region
8.8.1 North America
8.8.1.1 Historical Trend (2018-2023)
8.8.1.2 Forecast Trend (2024-2032)
8.8.2 Europe
8.8.2.1 Historical Trend (2018-2023)
8.8.2.2 Forecast Trend (2024-2032)
8.8.3 Asia Pacific
8.8.3.1 Historical Trend (2018-2023)
8.8.3.2 Forecast Trend (2024-2032)
8.8.4 Latin America
8.8.4.1 Historical Trend (2018-2023)
8.8.4.2 Forecast Trend (2024-2032)
8.8.5 Middle East and Africa
8.8.5.1 Historical Trend (2018-2023)
8.8.5.2 Forecast Trend (2024-2032)
9 North America Drone Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Drone Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Drone Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Drone Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Drone Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 AeroVironment, Inc.
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Parrot S.A.
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Teledyne Technologies Inc.
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Airbus SE
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Lockheed Martin Corp.
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Autel Robotics Co., Ltd.
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 SZ DJI Technology Co., Ltd.
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 Aeronavics Ltd.
16.2.8.1 Company Overview
16.2.8.2 Product Portfolio
16.2.8.3 Demographic Reach and Achievements
16.2.8.4 Certifications
16.2.9 Draganfly Inc.
16.2.9.1 Company Overview
16.2.9.2 Product Portfolio
16.2.9.3 Demographic Reach and Achievements
16.2.9.4 Certifications
16.2.10 PrecisionHawk, Inc.
16.2.10.1 Company Overview
16.2.10.2 Product Portfolio
16.2.10.3 Demographic Reach and Achievements
16.2.10.4 Certifications
16.2.11 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Drone Market: Key Industry Highlights, 2018 and 2032
2. Global Drone Historical Market: Breakup by Type (USD Billion), 2018-2023
3. Global Drone Market Forecast: Breakup by Type (USD Billion), 2024-2032
4. Global Drone Historical Market: Breakup by Technology (USD Billion), 2018-2023
5. Global Drone Market Forecast: Breakup by Technology (USD Billion), 2024-2032
6. Global Drone Historical Market: Breakup by Function (USD Billion), 2018-2023
7. Global Drone Market Forecast: Breakup by Function (USD Billion), 2024-2032
8. Global Drone Historical Market: Breakup by Application (USD Billion), 2018-2023
9. Global Drone Market Forecast: Breakup by Application (USD Billion), 2024-2032
10. Global Drone Historical Market: Breakup by Region (USD Billion), 2018-2023
11. Global Drone Market Forecast: Breakup by Region (USD Billion), 2024-2032
12. North America Drone Historical Market: Breakup by Country (USD Billion), 2018-2023
13. North America Drone Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Europe Drone Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Europe Drone Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Asia Pacific Drone Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Asia Pacific Drone Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Latin America Drone Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Latin America Drone Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Middle East and Africa Drone Historical Market: Breakup by Country (USD Billion), 2018-2023
21. Middle East and Africa Drone Market Forecast: Breakup by Country (USD Billion), 2024-2032
22. Global Drone Market Structure
Key Questions Answered in the Report
In 2023, the market reached an approximate value of USD 30.64 billion.
The market is estimated to grow at a CAGR of 10.30% between 2024 and 2032.
The market is estimated to witness a healthy growth during 2024-2032 to reach around USD 75.21 billion by 2032.
The market is being driven due to rising applications of drones in the agricultural sector, military reconnaissance and terrain mapping.
The key trends aiding the market include the usage of drones for search and rescue operations, technological advancements, and collaboration of government bodies with market players.
Regions considered in the market are North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Based on type, market segmentations include fixed wing, rotary wing, and hybrid.
Different applications of drones are military, commercial, and government and law enforcement, among others.
The major players in the market are AeroVironment, Inc., Parrot S.A., Teledyne Technologies Inc., Airbus SE, Lockheed Martin Corp., Autel Robotics Co., Ltd., SZ DJI Technology Co., Ltd., Aeronavics Ltd., Draganfly Inc., and PrecisionHawk, Inc., among others.
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