Drone Market
Global Drone Market Size, Share & Trends Analysis Report By Type (Fixed-Wing, Multi Rotor, Single Rotor, Hybrid UAVs, Commercial Drones, and Others) By End-User (Agriculture, Construction and Mining, Media and Entertainment, Law Enforcement, Surveying and Mapping, and Others) Forecast 2021-2027
The drone market is anticipated to grow at a substantial CAGR during the forecast period. The market growth is driven by the increasing demand for drones to improve agriculture productivity in emerging economies and high product demand in military applications. Apart from these, the advancements in drones are further creating its huge scope in end-user verticals, which in turn, driving the market growth. Drone technology, equipped with artificial intelligence (AI), machine learning (ML), and remote sensing features, is rising in demand because of its advantages. In the military, drone plays a vital role in performing high-level military tactics in order to enhance the security and sovereignty of the country. In addition, the increasing number of product offerings in the market is also fueling the growth of the drone market growth all over the globe during the forecast period. For instance, in November 2021, DJI launched Mavic 3 Drone With Longer Flight Time, Improved Cameras, and New Safety Features. Besides, the US government announced that it would be looking into having a new budget of $20 million to invest in military drones to fight against ISIS.
Moreover, the lack of regulations regarding drone use in public can cause problems that may limit its adoption. Furthermore, technological advancements in the field such as the 5G delivery model can offer lucrative opportunities to the market during the forecast period.
Segmental Outlook
The global drone market is segmented based on type and end-user. Based on type, the market is sub-segmented into fixed-wing, multi-rotor, single rotor, hybrid UAVs, commercial drones, and others. On the basis of end-user, the market is sub-segmented into agriculture, construction and mining, media and entertainment, law enforcement, surveying and mapping, and others.
Global Drone Market Share by End-User, 2020 (%)
Agriculture Sector Expected to Show Notable Growth in the Global Drone Market
Based on end-user, the adoption of drones in the agriculture sector is projected to show notable growth in the market during the forecast period. The applications of drones in the agriculture sector are diverse. Due to increasing demands in food production and consumption, the farming industry is shifting towards the adoption of advanced technology such as global positioning system (GPS) technology, and surveying systems such as a drone. The use of drones in the agriculture industry is steadily growing as part of an effective approach to sustainable agricultural management that allows agronomists, agricultural engineers, and farmers to help streamline their operations, using robust data analytics to gain effective insights into their crops. Crop monitoring, for example, is made easier by using drone data to accurately plan and make ongoing improvements, such as the use of ditches and evolving fertilizer applications.
Regional Outlook
Geographically, the global Drone market is classified into four major regions including North America (the US and Canada), Europe (UK, Germany, France, Italy, Spain, and Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, ASEAN, and Rest of Asia-Pacific), and Rest of the World (Latin America and the Middle East and Africa (MEA)). North America is expected to dominate by accounting highest share in the market. The regional growth is backed by favorable government initiatives, advancements in drone technology, and the growing demand from various industries.
Global Drone Market Growth, By Region 2021-2027
Asia-Pacific Emerges the Fastest Growing Region in Global Drone Market
Geographically, Asia-Pacific is projected to grow at the fastest rate during the forecast period. The regional growth is driven by the rapid growth in the agriculture sector in major economies of the region such as China, and India owing to increasing agriculture food consumption. For instance, In 2019, the agricultural sector generated approximately $265 billion business comprising 18 percent of India’s Gross Domestic Product (GDP). Moreover, in China, as per China.org, in 2019, the total grain output was 669.49 million tons, up 0.9% compared to 2018. Due to these, the demand for drones is high in demand in these economies, which is the major factor for market growth.
Market Players Outlook
The key players in the drone market contribute significantly by providing different types of products and increasing their geographical presence across the globe. The key players of the market include 3D Robotics Inc., ActionDrone USA, BAE System, DJI Type Co, Ltd., Parrot Drone SAS, among others. These market players are adopting several market strategies including product launch and approvals, merger and acquisition, partnership collaboration, business, and capacity expansion, and others.
The Report Covers
- Market value data analysis of 2020 and forecast to 2027.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global Drone market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
• Impact of COVID-19 on the Global Drone Industry
• Recovery Scenario of Global Drone Industry
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Geography
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Trade Analysis
2.2.3. Porter’s Analysis
2.2.4. Recommendations
2.2.5. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.1.1. Overview
3.1.2. Financial Analysis
3.1.3. SWOT Analysis
3.1.4. Recent Developments
3.2. Key Strategy Analysis
3.3. Impact of COVID-19 on key players
4. Market Determinants
4.1. Motivators
4.2. Restraints
4.3. Opportunities
5. Market Segmentation
5.1. Global Drone Market, By Type
5.1.1. Fixed-Wing
5.1.2. Multi Rotor
5.1.3. Single Rotor
5.1.4. Hybrid UAVs
5.1.5. Commercial Drones
5.1.6. Others (Nano Drones)
5.2. Global Drone Market, By End-User
5.2.1. Agriculture
5.2.2. Construction and Mining
5.2.3. Media and Entertainment,
5.2.4. Law Enforcement
5.2.5. Surveying and Mapping
5.2.6. Others
6. Regional Analysis
6.1. North America
6.1.1. United States
6.1.2. Canada
6.2. Europe
6.2.1. UK
6.2.2. Germany
6.2.3. Italy
6.2.4. Spain
6.2.5. France
6.2.6. Rest of Europe
6.3. Asia-Pacific
6.3.1. China
6.3.2. India
6.3.3. Japan
6.3.4. South Korea
6.3.5. Rest of Asia-Pacific
6.4. Rest of the World
6.4.1. Latin America
6.4.2. Middle East & Africa
7. Company Profiles
7.1. 3D Robotics Inc.
7.2. AeroVironment Inc
7.3. AgEagle Aerial Systems Inc.
7.4. AguaDrone LLC
7.5. BAE System PLC
7.6. The Boeing Co
7.7. DJI Type Co,Ltd.,
7.8. Draganfly Inc
7.9. Drone Volt Group
7.10. General Atomics Aeronautical Systems
7.11. Israel Aerospace Industries
7.12. Lockheed Martin Corp
7.13. Northrop Grumman Corp
7.14. Parrot Drone SAS
7.15. PrecisionHawk Inc.
7.16. SZ DJI Technology Co., Ltd
7.17. Tata Advanced Systems Ltd.
7.18. Thales Group
7.19. Trimble Inc.
1. GLOBAL DRONE MARKET RESEARCH AND ANALYSIS BY TYPE, 2020-2027 ($ MILLION)
2. GLOBAL FIXED-WING DRONE MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
3. GLOBAL MULTI ROTOR DRONE MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
4. GLOBAL SINGLE ROTOR DRONE MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
5. GLOBAL HYBRID UAVS DRONE MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
6. GLOBAL COMMERCIAL DRONE MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
7. GLOBAL OTHER DRONES MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
8. GLOBAL DRONE MARKET RESEARCH AND ANALYSIS BY END-USER, 2020-2027 ($ MILLION)
9. GLOBAL DRONE FOR AGRICULTURE MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
10. GLOBAL DRONE FOR CONSTRUCTION AND MINING MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
11. GLOBAL DRONE FOR MEDIA AND ENTERTAINMENT MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
12. GLOBAL DRONE FOR LAW ENFORCEMENT MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
13. GLOBAL DRONE FOR SURVEYING AND MAPPING MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
14. GLOBAL DRONE FOR OTHER END-USERS MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
15. NORTH AMERICAN DRONE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
16. NORTH AMERICAN DRONE MARKET RESEARCH AND ANALYSIS BY TYPE, 2020-2027 ($ MILLION)
17. NORTH AMERICAN DRONE MARKET RESEARCH AND ANALYSIS BY END-USER, 2020-2027 ($ MILLION)
18. EUROPEAN DRONE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
19. EUROPEAN DRONE MARKET RESEARCH AND ANALYSIS BY TYPE, 2020-2027 ($ MILLION)
20. EUROPEAN DRONE MARKET RESEARCH AND ANALYSIS BY END-USER, 2020-2027 ($ MILLION)
21. ASIA-PACIFIC DRONE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
22. ASIA-PACIFIC DRONE MARKET RESEARCH AND ANALYSIS BY TYPE, 2020-2027 ($ MILLION)
23. ASIA-PACIFIC DRONE MARKET RESEARCH AND ANALYSIS BY END-USER, 2020-2027 ($ MILLION)
24. REST OF THE WORLD DRONE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
25. REST OF THE WORLD DRONE MARKET RESEARCH AND ANALYSIS BY TYPE, 2020-2027 ($ MILLION)
26. REST OF THE WORLD DRONE MARKET RESEARCH AND ANALYSIS BY END-USER, 2020-2027 ($ MILLION)
1. IMPACT OF COVID-19 ON GLOBAL DRONE MARKET, 2020-2027 (% MILLION)
2. IMPACT OF COVID-19 ON GLOBAL DRONE MARKET BY SEGMENT, 2020-2027 (% MILLION)
3. RECOVERY OF GLOBAL DRONE MARKET, 2020-2027 (%)
4. GLOBAL DRONE MARKET SHARE BY TYPE, 2020 VS 2027 (%)
5. GLOBAL DRONE MARKET SHARE BY END-USER, 2020 VS 2027 (%)
6. GLOBAL DRONE MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
7. GLOBAL FIXED-WING DRONE MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
8. GLOBAL MULTI ROTOR DRONE MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
9. GLOBAL SINGLE ROTOR DRONE MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
10. GLOBAL HYBRID UAVS DRONE MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
11. GLOBAL COMMERCIAL DRONE MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
12. GLOBAL OTHER DRONES MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
13. GLOBAL DRONE FOR AGRICULTURE MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
14. GLOBAL DRONE FOR CONSTRUCTION AND MINING MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
15. GLOBAL DRONE FOR MEDIA AND ENTERTAINMENT MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
16. GLOBAL DRONE FOR LAW ENFORCEMENT MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
17. GLOBAL DRONE FOR SURVEYING AND MAPPING MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
18. GLOBAL DRONE FOR OTHER END-USERS MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
19. US DRONE MARKET SIZE, 2020-2027 ($ MILLION)
20. CANADA DRONE MARKET SIZE, 2020-2027 ($ MILLION)
21. UK DRONE MARKET SIZE, 2020-2027 ($ MILLION)
22. FRANCE DRONE MARKET SIZE, 2020-2027 ($ MILLION)
23. GERMANY DRONE MARKET SIZE, 2020-2027 ($ MILLION)
24. ITALY DRONE MARKET SIZE, 2020-2027 ($ MILLION)
25. SPAIN DRONE MARKET SIZE, 2020-2027 ($ MILLION)
26. REST OF EUROPE DRONE MARKET SIZE, 2020-2027 ($ MILLION)
27. INDIA DRONE MARKET SIZE, 2020-2027 ($ MILLION)
28. CHINA DRONE MARKET SIZE, 2020-2027 ($ MILLION)
29. JAPAN DRONE MARKET SIZE, 2020-2027 ($ MILLION)
30. SOUTH KOREA DRONE MARKET SIZE, 2020-2027 ($ MILLION)
31. REST OF ASIA-PACIFIC DRONE MARKET SIZE, 2020-2027 ($ MILLION)
32. REST OF THE WORLD DRONE MARKET SIZE, 2021-2027($ MILLION
