Global Drone Market Size, Share, Growth, and Forecast Report 2030

The global drone market was worth roughly USD 30.21 billion in 2022 and is expected to generate approximately USD 260.5 billion by 2030, with a CAGR of nearly 38.75% from 2023 to 2030. The report assesses and analyses the drone market on a worldwide and regional scale. It provides an in-depth analysis of market competition, restrictions, revenue projections, opportunities, changing trends, and industry-validated data.

Drones, also known as unmanned aerial vehicles (UAVs), are miniature aircraft that can be remotely controlled or flown autonomously. Drones have been around for decades, but technological developments have made them smaller, more inexpensive, and easier to use. Aerial photography, surveying, search and rescue, agricultural monitoring, and delivery services are just a few of the many uses for drones.

By providing real-time, high-resolution imagery of fields, construction sites, and natural resources, drones have revolutionized industries such as agriculture, construction, and environmental monitoring. Drones have an exceptional ability to reach regions that humans find difficult or unsafe to access. Drones, for example, can be used to examine electricity lines and wind turbines, as well as to undertake search and rescue operations in distant places.

Drone Market: Growth Drivers

Drone use in transportation tasks to drive market growth

The widespread usage of drones in transportation activities to reduce traffic congestion, road collisions, and infrastructure management activities will expand the breadth of the drone market. Furthermore, drones can collect real-time data while also delivering payloads at a lower cost.

Drone Market: Segmentation

The global drone market is segmented based on product, payload, application, type, and region.

Based on type, the market is bifurcated into fixed-wing drones and rotary-wing drones. The rotary wing segment held the largest market share in 2022 and is further expected to grow rapidly at a significant CAGR during the forecast period. The major reason for the growth of this segment is the rising demand for rotary blade drones for inspection purposes, as they can hover and maneuver quickly while keeping a close eye on a specific target for extended periods.

Drone Market: Regional Landscape

Over the forecast period, the Asia Pacific drone market is expected to grow significantly.

The expansion of the Asia Pacific drone industry over the assessment period can be attributed to regional governments enacting laws supporting the use of drones in farming activities and medical supply delivery, as well as monitoring of situations such as natural disasters such as earthquakes, Tsunamis, landscape, drought, and flood. Aside from that, countries such as China have offered subsidies to companies that manufacture drones for a variety of industries. Furthermore, the widespread use of products in construction inspection, mining ventures, and the power energy sector will propel regional market growth.

Drone Market: Competitive Landscape

The major players active in the global drone market include:

Parrot Drones SAS
PowerVision
DroneDeploy
Hoverfly Technologies
Flyability
AeroVironment
Zipline
Yuneec
senseFly
Kespry
Airobotics
CyPhy Works
PrecisionHawk
DELAIR
Yuneec International
Wingcopter
EHang
Volocopter
SZ DJI Technology Co. Ltd.
Intel Corporation.
The global drone market is segmented as follows:
By Product

Commercial Drone
Military Drone
By Payload

Up to 25 Kg
25-150 Kg
150-600 Kg
Above 600 Kg
By Application

Construction
Agriculture
Energy
Entertainment
Law Enforcement
By Type

Fixed Wing Drone
Rotary Wing Drones
By Region

North America
The U.S.
Canada
Europe
France
The UK
Spain
Germany
Italy
Rest of Europe
Asia Pacific
China
Japan
India
South Korea
Southeast Asia
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East Africa
GCC
South Africa
Rest of Middle East Africa