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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Drone Market Growth
The growing use of drones in agriculture, military reconnaissance, and terrain mapping significantly contributes to market expansion. Drones with sensors help farmers monitor crops, enabling timely preventive measures to ensure healthy yields, further enhancing the growth of the drone industry.
Researchers use drones with LIDAR sensors and 3D cameras for 3D terrain mapping, sending live images and videos to control rooms and enhancing remote sensing technology. Additionally, drones with advanced imaging tools provide critical intelligence about enemy territory for military operations.
Drone market dynamics and trends are shaped by new drones being launched such as drones with thermal sensors aiding search and rescue missions by locating lost individuals in forests or rugged terrains, even in harsh conditions. They also deliver essential supplies in war-prone or disaster-stricken areas.
The drone industry revenue is driven by governments that are partnering with companies to deploy advanced military drones. Kadet Defence Systems and DRDO are developing Loitering Aerial Munitions for the Indian military, capable of precise targeting in challenging environments. Airobotics and HHLA Sky are collaborating to create drones for industrial and infrastructural use in Germany.
Drone Market Report Snapshots
*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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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124