Peru Drone Market Report and Forecast 2024-2032

Peru Drone Market Outlook

The Peru drone market size was valued at USD 24.64 million in 2023. The market is further projected to grow at a CAGR of 36.90% between 2024 and 2032, reaching a value of USD 433.08 million by 2032.

Key Takeaways

• The mining industry is contributing to the growth of the drone market in the region, with UAVs used for streamlined monitoring, pre-planning, and mapping.

• The market is expected to grow due to the increasing demand for drones in agriculture for crop monitoring and spraying, as well as in infrastructure for inspection and maintenance. Additionally, the use of drones in security and surveillance is also driving Peru drone market growth.

• As per industry reports, market players are actively engaging with regulatory bodies to ensure compliance with drone regulations and safety standards, which is crucial for the widespread adoption of drones in Peru.

Drones are being increasingly used in a variety of industries in Peru, including agriculture, mining, construction, and logistics. In agriculture, drones are being used for crop monitoring, irrigation management, and pesticide application. In mining, they are being used for exploration, surveying, and security purposes. In construction, drones are being used for site surveying, mapping, and inspection. In logistics, they are being used for package delivery and transportation. This increasing demand from various industries is expected to drive the growth of the market.

Drones are becoming increasingly advanced, with features such as autonomous flight, obstacle avoidance, and high-resolution multi spectral cameras. In addition, the development of new drone technologies, such as drone swarms and drone delivery systems, is expected to create new opportunities for the Peru drone market development.

The Peruvian government is taking steps to support the growth of the drone industry. In 2021, the government introduced new regulations for drone operations, including the requirement for drone operators to register with the government and obtain a license. These regulations are expected to provide a more stable and predictable regulatory environment for drone operators.

Foreign companies are investing in the Peruvian drone market, attracted by the country's growing economy and supportive regulatory environment. In 2022, the Chinese drone manufacturer DJI opened a new research and development centre in Lima, Peru, with the aim of developing new drone technologies for the Latin American market. This foreign investment is expected to bring new technologies and expertise to the Peru drone market.

Furthermore, drones are making a significant impact in the media and entertainment industry in Peru, particularly in aerial photography, filmography, and broadcast applications. Photography enthusiasts and filmmakers in Peru are utilising drones to capture stunning aerial shots that were previously challenging to achieve.

Market Segmentation

Peru 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

• Others 

Market Breakup by Payload

• Less than 25 Kilogram

• 25 -170 Kilogram

• Greater than 170 Kilogram

Market Breakup by Component

• Hardware

• Software

• Accessories

Market Breakup by End Use

• Agriculture

• Construction

• Military and Defence

• Media and Entertainment

• Others

Market Breakup by Distribution Channel

• OEM

• Aftermarket

Competitive Landscape

Market players are investing in developing drones with advanced sensors and imaging technologies to provide accurate data for decision-making in sectors such as mining and construction.

• SZ DJI Technology Co., Ltd. 

• UAV Latam

• Atmos UAV B.V.

• Wingtra AG 

• Others

Key Highlights of the Report