DUBLIN--(BUSINESS WIRE)--Feb 25, 2025--
The "Commercial Drone Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2024-2032" report has been added to ResearchAndMarkets.com's offering.
The commercial drone market size was US$ 5.5 billion in 2023 and is forecast to grow at a decent CAGR of 12.3% in the long run to reach US$ 17.7 billion by 2032.
The commercial drone market is growing due to its wide range of applications in agriculture, construction, delivery services, media, infrastructure inspection, and environmental monitoring. These drones help businesses improve efficiency and reduce costs by offering faster and more precise solutions for tasks like crop monitoring, construction planning, and package delivery.
Key factors driving this growth include increasing venture capital investments in drone startups and collaborations between companies to advance drone technologies. Innovations like AI-powered autonomy, longer battery life, advanced sensors like LiDAR, and 5G connectivity are expanding drones' capabilities. Additionally, the rise of global e-commerce and the benefits of drones in agriculture, such as efficient spraying and monitoring, further fuel market demand.
By End-Use Type
- Agriculture is expected to maintain its dominance in the market during the forecast period.
- The market is segmented into Agriculture, Delivery & Logistics, Media & Entertainment, Building & Construction, General, Photography/Real estate, Energy, Insurance, and Others.
- Agriculture leads the commercial drone business due to its transformative applications in precision farming, crop monitoring, and resource optimization.
- Their ability to cover large areas quickly while providing actionable data through multispectral and thermal imaging enhances productivity and sustainability, making them invaluable for modern agriculture.
- Delivery & logistics is the fastest-growing segment, propelling the market toward remarkable growth and transformation. The surge in global e-commerce has created a high demand for efficient and faster delivery solutions, especially for last-mile logistics.
By Application Type
- Surveillance & Monitoring is the dominant application type whereas Precision Agriculture is the fastest-growing application type of the market during the forecast period.
- The commercial drone market is segmented into Filming & Photography, Inspection & Maintenance, Mapping & Surveying, Precision Agriculture, Surveillance & Monitoring, and Others
- Surveillance and monitoring are the most widely used applications in the market, mainly due to their use across industries such as agriculture, building and construction, energy, and insurance.
- Precision agriculture with drones enhances productivity, promotes sustainable farming practices, and supports better decision-making through detailed and timely data.
- Precision agriculture advances as drones on 500 million hectares, reduce chemical use by 47,000 tons and emissions by 25.72 million tons, promoting sustainable farming.
By Product Type
- Rotary blade drone stands tall as the leading product type in the market, reigning throughout the forecast period.
- The commercial drone market is segmented into Rotary Blade Drone, Fixed Wing Drone, and Hybrid Drone.
- Rotary blade drones are the dominant product type in the market due to their versatility, maneuverability, ability to hover, and suitability for diverse applications like surveillance, inspection, and photography.
- Hybrid drones are the fastest-growing segment in the market due to their combined advantages of fixed-wing efficiency and rotary-wing versatility, making them ideal for diverse applications like delivery and inspection.
Regional Analysis
- Asia-Pacific is anticipated to maintain its position as the largest market for commercial drones throughout the forecast period.
- Asia-Pacific is likely to remain the largest market until 2032. China is the key player in the region and a drone manufacturing hub.
- Key Chinese players are DJI Technology Co., Ltd., JOUAV Automation Tech Co., Ltd, Yuneec International Co. Ltd., Beijing TT Aviation Technology LTD, and others.
- The extensive farmland area in Asia-Pacific creates the need for precision agriculture, which is another major reason for Asia-Pacific's market dominance.
Key Players
The global market is consolidated primarily due to the presence of major players like DJI Technology Co., Ltd in the market, which allows the company to benefit from economies of scale, enabling it to offer drones at lower prices than its competitors in this price-sensitive market.
The following key players in the commercial drone market include:
- DJI Technology Co.
- Yuneec International
- Parrot Drone SAS
- Skydio
- AeroVironment
- Draganfly Innovations
- AgEagle Aerial Systems
- JOUAV Automation Tech Co.
- Teal Drones
- Ehang Holdings
Key Topics Covered:
1. Executive Summary: A Bird's Eye View of the Market
2. Market Environment Analysis: Study of Factors Affecting the Market Dynamics
2.1. Supply Chain Analysis (Identification of Key Players/End-Uses across the Value Chain)
2.2. PEST Analysis (List of All Factors Directly or Indirectly Affecting the Market Demand)
2.3. Industry Life Cycle Analysis (Current and Future Lifecycle Stage of the Market)
2.4. Key Trends (Key Industry as well as Market Trends Shaping the Market Dynamics)
2.5. Market Drivers (Study of Drivers and their Short- and Long-Term Impacts)
2.6. Market Challenges (Study of Factors Hindrance the Adoption/Growth)
3. Commercial Drone Market Assessment (2018-2032) (US$ Billion)
3.1. Key Applications of Commercial Drones Across Industries
3.2. Share of Commercial Drones in the Civil UAS Market
3.3. Commercial Drone Market Trend and Forecast (US$ Billion)
3.4. Market Scenario Analysis: Growth Trajectories in Different Market Conditions
4. Commercial Drone Market Segments' Analysis (2018-2032) (US$ Billion)
4.1. End-Use-Type Analysis
- Agriculture: Regional Trend and Forecast
- Delivery & Logistics: Regional Trend and Forecast
- Media & Entertainment: Regional Trend and Forecast
- Building & Construction: Regional Trend and Forecast
- General, Photography/Real State: Regional Trend and Forecast
- Energy: Regional Trend and Forecast
- Insurance: Regional Trend and Forecast
- Others End Use Types Regional Trend and Forecast
4.2. Application-Type Analysis
- Filming & Photography: Regional Trend and Forecast
- Inspection & Maintenance: Regional Trend and Forecast
- Mapping & Surveying: Regional Trend and Forecast
- Precision Agriculture: Regional Trend and Forecast
- Surveillance & Monitoring: Regional Trend and Forecast
- Other Application Type: Regional Trend and Forecast
4.3. Product- Type Analysis
- Rotary Blade Drone: Regional Trend and Forecast
- Fixed Wing Drone: Regional Trend and Forecast
- Hybrid Drone: Regional Trend and Forecast
4.4. Country Analysis
- North American Commercial Drone Market: Country Analysis
- European Commercial Drone Market: Country Analysis
- Rest of the European Commercial Drone Market T&F (US$ Billion)
- Asia-Pacific's Commercial Drone Market: Country Analysis
- Rest of the World's (RoW) Commercial Drone Market: Country Analysis
5. Competitive Analysis
5.1. Degree of Competition (Current Stage of Competition based on Market Consolidation)
5.2. Competitive Landscape (Benchmarking of Key Players)
5.3. Market Share Analysis (Key Players and their Respective Shares)
5.4. Portfolio Mapping (Map their Presence in Different Market Categories)
5.5. Geographical Presence (Map their Geographical Presence)
5.6. Key Target Areas for Development (Understand the Industry Focus while Development)
5.7. M&As, JVs, Collaborations, Strategic Alliances, etc. (Map All the Major M&As and JVs)
5.8. Porter's Five Forces Analysis (A Bird's Eye View of the Overall Competitive Landscape)
6. Strategic Growth Opportunities
6.1. Market Attractiveness Analysis
6.2. Emerging Trends (Key Trends that May Shape the Market Dynamics in the Future)
6.3. Key Strategic Implications (Changing Market Dynamics and their Key Implications)
6.4. Key Success Factors (KSFs) (Identifying Some Factors that May Help Companies to Gain Business)
7. Company Profile of Key Players (Alphabetically Arranged)
- AeroVironment, Inc.
- AgEagle Aerial Systems Inc
- DJI Technology Co., Ltd
- Draganfly Innovations Inc
- Ehang Holdings Limited
- JOUAV Automation Tech Co., Ltd
- Parrot Drone SAS
- Skydio Inc.
- Teal Drones, Inc.
- Yuneec International
For more information about this report visit https://www.researchandmarkets.com/r/4spcvn
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