Report Overview

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

Leading Companies in the 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.

 

Drone Market Report Snapshots

Drone Market Size

Drone Market Growth

Drone Market Share

Drone Companies

 

*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.*

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Key Questions Answered in the Report

In 2023, the market reached an approximate value of USD 27.70 billion.

The market is estimated to grow at a CAGR of 10.8% between 2024 and 2032.

The market is estimated to witness a healthy growth during 2024-2032 to reach around USD 59.20 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.

The market is broken down into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.

The market is categorised according to the drone type, which includes fixed wing, rotary wing, and hybrid.

Based on the application, the market is divided into military, commercial, government, law enforcement and others.

The market key players 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.

Based on the technology, the market is divided into remotely operated drones, semi-autonomous drones, and autonomous drones.

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