Report Highlights
The global drone technology market was valued at $30.4 billion in 2023. The market is projected to grow from $33.9 billion in 2024 to $61.2 billion by the end of 2029, at a compound annual growth rate (CAGR) of 12.6% from 2024 through 2029.
Report Includes
- 68 data tables and 54 additional tables
- An analysis of the global markets for drone technology
- Analyses of global market trends, with market revenue data from 2023, estimates for 2024, forecasts for 2025 and 2027, and projected CAGRs through 2029
- Estimate of the current market size and revenue prospects, along with a market share analysis by type of offering, product, drone type, application, and region
- Facts and figures pertaining to the market dynamics, technological advances, regulations, and the influence of macroeconomic factors driving future demand and innovation
- A Porter’s Five Forces analysis, a global value chain analysis and an export/import trade data analysis
- A look at the recent patent grants and patent applications published
- Overview of sustainability trends and ESG developments, with emphasis on consumer attitudes, ESG score analysis, and the ESG practices of leading companies
- Competitive intelligence, including company shares, strategic alliances, M&A activity and venture funding outlook
- Company profiles of the leading industry players, including AeroVironment Inc., Airbus, Boeing, Drone Volt and DJI
Report Scope
This report analyzes drone technology offerings, including hardware, software and services. It examines the different drone products, such as fixed-wing, rotary-blade and hybrid drones, and further segments the market by type of drone, including unmanned aerial vehicles (UAVs), unmanned underwater vehicles (UUVs), unmanned ground vehicles (UGVs) and unmanned surface vehicles (USVs).
This report also explores the applications of drone technology across the defense, commercial, government and consumer sectors. It also provides a market analysis by region: North America, Europe, Asia-Pacific, and Rest of the World (RoW), which includes Latin America and the Middle East and Africa.
The study also analyzes the drivers and dynamics of the drone market, along with current industry trends. The report concludes by providing profiles of the major vendors in the market. The base year for the study is 2023, with projections for 2024 through 2029, including expected CAGRs for that period.
Report Synopsis
| Report Metrics | Details | ||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Base year considered | 2023 | ||||||||||||||||||||||
| Forecast period considered | 2024-2029 | ||||||||||||||||||||||
| Base year market size | $30.4 Billion | ||||||||||||||||||||||
| Market size forecast | $61.2 Billion | ||||||||||||||||||||||
| Growth rate | CAGR of 12.6% from 2024 to 2029 | ||||||||||||||||||||||
| Units considered | $ Millions | ||||||||||||||||||||||
| Segments covered | By Offering, Product Segment, Drone Type, Application, and Region | ||||||||||||||||||||||
| Regions covered | North America, Europe, Asia-Pacific, and Rest of the World (The Middle East and Africa and Latin America) | ||||||||||||||||||||||
| Countries covered | United States, Canada, Germany, France, Italy, U.K., China, Taiwan, South Korea, and India | ||||||||||||||||||||||
| Key Market Drivers |
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| Companies studied |
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Frequently Asked Questions (FAQs)
- By Offering.
- By Product.
- By Type.
- By Application.
- By Region.
Analyst Credentials
Austin Samuel – Consultant-Technology Research
Austin Samuel is an experienced professional with nearly a decade of industry experience in research and analysis, specializing in Information Technology. He has conducted extensive research and provided comprehensive syndicate and custom reports on the developments and application of information technology across multiple industries for international and domestic clients. He exhibits exceptional analytical abilities and strategic thinking and has contributed significantly to the team. Academically, Austin holds a master’s degree in Marketing and IT and a bachelor’s degree in Electrical and Electronics.
Report Highlights
The global drone technology market is estimated to grow from $29.6 billion in 2022 to $54.7 billion in 2027, with a compound annual growth rate (CAGR) of 13.1% for the period of 2022-2027.
Report Highlights
The global market for drone technology is expected to grow from $30.0 billion in 2020 to $54.6 billion by 2025 with a compound annual growth rate (CAGR) of 12.7% for the period of 2020-2025.
Report Highlights
The global drone market should reach $52.2 billion by 2023 from $23.6 billion in 2018 at a compound annual growth rate (CAGR) of 17.2% for the period of 2018-2023.
Report Highlights
The global drone market is expected to grow from $639.9 million in 2014 to $725.5 million in 2015. This market is further expected to grow to $1.2 billion by 2020 with a compound annual growth rate (CAGR) of 11.4% for the forecast period, 2015-2020.
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