Drones Components Market By Share, Size & Forecast 2028

Summary

Report Description

Forecast Period	2024-2028
Market Size (2022)	USD 15 Billion
CAGR (2023-2028)	11.4%
Fastest Growing Segment	Multi-Rotor Drone
Largest Market	North America

Market Overview

Global Drones Components Market has valued at USD 15 billion in 2022 and is anticipated to project robust growth in the forecast period with a CAGR of 11.4%. The global drones components market is currently undergoing significant expansion, driven by the growing adoption of drones across diverse industries and applications. Drones, also known as Unmanned Aerial Vehicles (UAVs), have transitioned from their military origins to becoming integral tools in agriculture, surveillance, aerial photography, delivery services, and numerous other sectors. At the heart of this transformative technology are the various components and subsystems that collectively enable drones to perform their tasks effectively. Several key drivers fuel the growth of the global drones components market. Firstly, increased demand for aerial data collection and surveillance in industries such as agriculture, construction, and environmental monitoring has driven the adoption of drones. These UAVs are equipped with cameras and sensors, emphasizing the importance of high-quality components to ensure accurate data capture and transmission. Moreover, the rise of e-commerce and last-mile delivery services has created a need for reliable and efficient drones for package transportation. This trend has led to advancements in propulsion systems, communication modules, and battery technologies, all critical components of delivery drones. Government initiatives and regulations also play a role in driving the drones components market. Regulatory bodies are developing frameworks to govern drone operations, ensuring safety and compliance. As these regulations evolve, there is a growing emphasis on incorporating standardized components that meet safety and performance standards. While the drones components market is poised for growth, it faces several challenges. One significant challenge is the need for continuous innovation to improve component efficiency, reduce weight, and increase durability. As consumer and industrial demands for drones evolve, components must keep pace with these evolving requirements. Another challenge is related to safety and privacy concerns. Regulatory bodies worldwide are introducing guidelines to ensure the safe and responsible operation of drones. This includes requirements for reliable communication systems and geofencing technology to prevent drones from entering restricted airspace. Interoperability and standardization are also critical issues. Ensuring that components from different manufacturers can seamlessly integrate and function together is essential for the drone industry's growth. Standardized interfaces and communication protocols will enable more flexible and versatile drone systems. The global drones components market is witnessing several notable trends. One of these trends is the miniaturization of components, allowing for the development of smaller and more agile drones. Additionally, the use of composite materials for airframes and 3D printing technology is enabling the construction of lightweight yet robust drone structures. The integration of Artificial Intelligence (AI) and machine learning into drones is another prominent trend. AI-powered drones can analyze data in real-time, making autonomous decisions and enhancing capabilities such as object detection, tracking, and collision avoidance. Furthermore, the increasing use of drones for Beyond Visual Line of Sight (BVLOS) operations is driving the demand for advanced communication systems, including satellite-based connectivity. BVLOS capabilities enable drones to cover longer distances and expand their applications in areas such as infrastructure inspection and environmental monitoring. In conclusion, the global drones’ components market is experiencing substantial growth driven by increased drone adoption across various industries. Key components and subsystems, such as airframes, navigation systems, communication modules, payloads, batteries, and software, are continuously evolving to meet the demands of an expanding market. While challenges related to safety, regulation, and standardization persist, ongoing innovation and technological advancements are expected to shape the future of the drones’ components market, enabling drones to become even more versatile and integrated into our daily lives.

Key Market Drivers

Expanding Commercial Applications

One of the primary drivers of the global drones components market is the rapid expansion of commercial applications for drones. Drones have moved beyond their initial military and recreational uses to become indispensable tools across numerous industries. They are employed in agriculture for crop monitoring, spraying, and precision agriculture. In construction and infrastructure, drones are used for surveying, mapping, and site inspection. Additionally, they play a pivotal role in industries such as energy, oil and gas, environmental monitoring, and telecommunications. As the range of commercial applications continues to broaden, the demand for specialized drone components, including high-quality cameras, sensors, communication systems, and navigation modules, is on the rise.

Technological Advancements

Continuous technological advancements in the field of drone components are propelling market growth. Innovations in propulsion systems, navigation technology, communication modules, and materials are enhancing the capabilities and efficiency of drones. Miniaturization of components is enabling the development of smaller, more agile drones, which are particularly valuable for applications like search and rescue, surveillance, and delivery services. Moreover, advancements in battery technology, such as lithium-polymer and lithium-ion batteries, are extending flight times and overall drone performance. The integration of Artificial Intelligence (AI) and machine learning is making drones smarter, enabling real-time data analysis, autonomous flight, and enhanced functionality.

Regulatory Support and Frameworks

The development of regulatory support and frameworks is a significant driver of the drones components market. Governments worldwide are recognizing the economic and societal benefits of drones while simultaneously addressing safety and privacy concerns. Regulatory bodies are introducing guidelines and standards that govern the use of drones, ensuring their safe and responsible operation. These regulations often stipulate requirements for reliable communication systems, geofencing technology to prevent drones from entering restricted airspace, and remote identification mechanisms. Compliance with these regulations drives the demand for components that enable drones to meet safety and legal requirements.

Increased Adoption in E-Commerce and Last-Mile Delivery

The rise of e-commerce and last-mile delivery services has emerged as a powerful driver for the drones components market. Retailers and logistics companies are increasingly exploring the use of drones to facilitate faster and more efficient deliveries. These delivery drones require advanced propulsion systems, communication modules for real-time tracking and monitoring, and reliable navigation systems to navigate complex urban environments. The demand for specialized components for delivery drones is expected to grow as the adoption of drone-based delivery services expands.

Government Initiatives and Investments

Government initiatives and investments are playing a pivotal role in driving the drones components market. Many governments are actively promoting the development and adoption of drone technology through funding, research grants, and public-private partnerships. These initiatives often focus on applications such as disaster management, public safety, agriculture, and environmental monitoring. As governments invest in drone technology, there is a parallel push for the development of high-quality and standardized components to ensure the effectiveness and reliability of these drones in critical applications.

Enhanced Data Collection and Analytics

Drones are increasingly valued for their data collection capabilities, which is driving the demand for advanced components. High-resolution cameras, LiDAR sensors, thermal imaging devices, and other specialized payloads are integrated into drones to capture precise data for industries like agriculture, forestry, and environmental conservation. The ability to collect vast amounts of data from aerial perspectives enhances decision-making processes and drives the demand for cutting-edge drone components.

Expanding Military and Defense Use Cases

The military and defense sector continues to be a significant driver of the drones components market. Military drones, often referred to as Unmanned Combat Aerial Vehicles (UCAVs) or Unmanned Aircraft Systems (UAS), require highly sophisticated and specialized components. These drones are used for reconnaissance, surveillance, intelligence gathering, and even combat operations. The demand for advanced navigation, communication, propulsion, and sensor systems in military drones remains robust.

Cost-Effective Solutions for Surveillance and Monitoring

Drones offer cost-effective solutions for surveillance and monitoring, making them attractive for both public and private sector applications. Law enforcement agencies use drones for crime prevention, search and rescue operations, and disaster response. Additionally, private security firms employ drones for facility monitoring and event security. The cost efficiency and versatility of drones for surveillance purposes are driving the adoption of specialized components, such as high-definition cameras, thermal imaging systems, and real-time communication modules.

Increased Accessibility and Affordability

The growing accessibility and affordability of drones are expanding their adoption across various industries. Entry-level consumer drones have become more affordable, enabling hobbyists and enthusiasts to experiment with aerial photography and recreational flying. As the consumer market for drones expands, it creates a ripple effect, driving demand for components that cater to both consumer and professional-grade drones.

Public Awareness and Education

Public awareness and education about the benefits and capabilities of drones are fostering market growth. As more people become familiar with the diverse applications of drones, there is an increased interest in using drones for personal and professional purposes. Educational initiatives, workshops, and outreach programs are helping potential users understand the technology better, ultimately driving the demand for quality drone components.

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Key Market Challenges

Regulatory Complexity and Compliance

One of the most significant challenges facing the global drones components market is the complex and ever-evolving regulatory landscape. Different countries and regions have varying regulations governing drone operations, including safety, privacy, airspace restrictions, and certification requirements. This patchwork of regulations can create obstacles for component manufacturers, as they must ensure compliance with multiple sets of rules. The lack of international harmonization in drone regulations complicates matters further, hindering the seamless global deployment of drone components.

Safety Concerns and Risk Mitigation

Safety remains a paramount concern in the drone industry, and addressing safety challenges is vital for its continued growth. Drones operate in shared airspace with manned aircraft, posing potential collision risks. The development and implementation of collision avoidance systems and technologies, such as detect-and-avoid systems, are essential to mitigate these risks. Ensuring that drone components meet stringent safety standards is an ongoing challenge, particularly for manufacturers looking to provide reliable solutions.

Privacy and Ethical Concerns

Privacy and ethical concerns surrounding drones are significant challenges for the industry. Drones equipped with high-resolution cameras and sensors can capture sensitive information and infringe upon individuals' privacy. Striking a balance between the legitimate use of drones for surveillance, monitoring, and data collection and the protection of privacy rights is an ongoing challenge. Developing ethical guidelines and ensuring that drones are used responsibly is crucial for building public trust and addressing privacy concerns.

Technological Limitations

Despite continuous technological advancements, drones still face limitations that impact their functionality and performance. Range and endurance limitations are challenges for many drones, particularly in applications that require long-distance or extended flight times. Battery technology, while improving, remains a bottleneck for longer missions. Payload limitations can also restrict the types of sensors and equipment that drones can carry, affecting their versatility.

Battery Technology and Energy Efficiency

Battery technology is a fundamental component challenge for the drone industry. Drones rely on batteries to power their electric motors and onboard electronics. While lithium-polymer and lithium-ion batteries are the most common types used in drones, they have limitations in terms of energy density and flight time. Developing lightweight, high-capacity batteries that can extend flight durations without increasing weight is a persistent challenge. Improving energy efficiency and reducing power consumption are also areas of focus to maximize a drone's operational capabilities.

Reliability and Durability

Drones are expected to operate reliably and durably in various environmental conditions, including extreme temperatures, high altitudes, and adverse weather. Ensuring that drone components, including airframes, motors, and sensors, are robust enough to withstand these conditions while maintaining performance standards is a significant challenge. Failure in critical components can lead to accidents, mission failure, and damage to expensive equipment.

Standardization and Interoperability

Interoperability and standardization of drone components are critical challenges. Drones are composed of various components from different manufacturers, and ensuring that these components can seamlessly integrate and function together is essential for the industry's growth. Standardized interfaces, communication protocols, and compatibility among components are necessary to prevent fragmentation and promote interoperability across the drone ecosystem.

Cybersecurity Vulnerabilities

Drones, like any connected devices, are susceptible to cybersecurity threats. Unauthorized access, data breaches, and remote hacking pose risks to both the operation of drones and the security of collected data. Ensuring robust cybersecurity measures in drone components, including encryption, secure communication channels, and protection against cyberattacks, is an ongoing challenge as malicious actors seek to exploit vulnerabilities.

Market Competition and Price Pressures

The global drones components market is characterized by intense competition among manufacturers and suppliers. Price pressures, particularly in the consumer and hobbyist drone segments, can lead to margin compression for component manufacturers. Achieving a balance between offering cost-effective solutions and maintaining quality is a constant challenge. Furthermore, as the market matures, competition intensifies, requiring companies to continually innovate and differentiate their products.

Public Perception and Acceptance

Public perception and acceptance of drones play a significant role in the industry's growth. Negative incidents, such as privacy violations, accidents, or misuse of drones, can lead to public backlash and increased regulatory scrutiny. Educating the public about the responsible and beneficial use of drones is an ongoing challenge. Building trust and addressing concerns related to noise pollution, safety, and privacy are essential for widespread acceptance.

Environmental Impact and Sustainability

Drones, like all forms of transportation, have an environmental impact. Battery disposal and energy consumption are concerns that need to be addressed to minimize the ecological footprint of drones. Developing sustainable solutions, such as recyclable batteries or alternative power sources, is a challenge in the quest for environmentally friendly drone technology.

Limited BVLOS Operations

Beyond Visual Line of Sight (BVLOS) operations hold great potential for drones in applications such as delivery services, infrastructure inspection, and agriculture. However, regulatory restrictions and technological challenges, such as reliable long-range communication and robust sense-and-avoid systems, limit BVLOS operations. Achieving regulatory approvals and overcoming technological hurdles are essential to unlocking the full potential of BVLOS for drones.

Key Market Trends

Miniaturization of Components

One prominent trend in the global drones components market is the miniaturization of components. Manufacturers are striving to reduce the size and weight of essential drone components while maintaining or even enhancing their functionality. Smaller and lighter components not only contribute to improved flight performance and agility but also enable the development of compact and portable drones. This trend aligns with the growing demand for drones that can be easily transported and deployed in various applications, including aerial photography, surveillance, and search and rescue.

Advanced Propulsion Systems

Propulsion systems are at the heart of drone functionality, and advancements in this area are a key trend. Electric motors, in particular, are evolving to become more efficient and powerful. Brushless DC motors, for instance, offer higher thrust-to-weight ratios and reduced maintenance requirements compared to traditional brushed motors. Additionally, innovative propulsion systems, such as ducted fan designs and hybrid propulsion, are gaining traction. These advancements contribute to increased flight durations, greater payload capacities, and improved overall drone performance.

Enhanced Battery Technology

Battery technology is a critical driver of the drone industry, and the trend toward enhanced battery technology is fundamental. Lithium-polymer and lithium-ion batteries remain the primary power sources for drones, but research and development efforts are focused on increasing energy density and flight endurance. Emerging battery chemistries, such as solid-state batteries and hydrogen fuel cells, hold the potential to revolutionize the drone industry by significantly extending flight times and reducing charging or refueling requirements.

Integration of Artificial Intelligence (AI) and Machine Learning

The integration of Artificial Intelligence (AI) and machine learning into drone components is a transformative trend. AI-powered drones can analyze data in real-time, make autonomous decisions, and adapt to changing environments. This trend enhances various aspects of drone operation, including object detection, tracking, and collision avoidance. AI-driven image recognition and computer vision technologies are increasingly integrated into cameras and sensors, allowing drones to perform tasks with greater precision and efficiency.

Modular Component Design

Modular component design is gaining prominence in the drones components market. Manufacturers are developing drones with interchangeable and upgradeable components, allowing users to customize their UAVs to specific applications and easily replace or upgrade individual parts. This trend enhances the versatility and longevity of drones, making them adaptable to changing needs. Modular designs also simplify maintenance and repairs, reducing downtime and operational costs.

Advancements in Communication Modules

Communication modules are essential for drones, enabling real-time data transmission, remote piloting, and connectivity to ground control stations. Advancements in communication modules are driven by the need for reliable and secure data exchange. Long-range communication technologies, such as 4G and 5G connectivity, are becoming standard, extending the operational range of drones. Additionally, innovations in satellite-based communication and beyond-visual-line-of-sight (BVLOS) capabilities are shaping the future of drone communication.

Improved Navigation Systems

Navigation systems are critical for drones to operate autonomously and safely. The integration of advanced Global Navigation Satellite System (GNSS) technology, such as GPS and Galileo, enhances navigation accuracy. Beyond GNSS, drone manufacturers are exploring additional sensors and technologies, including Inertial Measurement Units (IMUs), lidar, and radar, to enable precise navigation, obstacle avoidance, and reliable positioning, even in challenging environments.

Payload Diversity and Specialization

Payloads and sensors are components that define a drone's purpose, and the trend toward payload diversity and specialization is driving innovation. Drones are equipped with a wide range of payloads, including high-resolution cameras, multispectral sensors, LiDAR scanners, thermal imaging devices, and gas detectors. This diversity of payloads allows drones to cater to various industries, such as agriculture, environmental monitoring, construction, and public safety. Manufacturers are developing specialized payloads to meet specific industry needs, enabling drones to perform increasingly complex tasks.

Edge Computing and Onboard Processing

Edge computing and onboard processing are emerging trends in the drones components market. Drones are equipped with onboard computers and processors that enable real-time data processing and analysis during flight. This capability reduces the need for constant communication with ground control stations, minimizing latency and enhancing autonomy. Edge computing also enables drones to make immediate decisions, such as obstacle avoidance, without relying solely on remote human operators.

Sustainable and Eco-Friendly Solutions

Sustainability is a growing trend in the drone industry. Manufacturers are exploring sustainable and eco-friendly solutions, such as recyclable materials for drone components and alternative power sources like solar panels. Drones powered by renewable energy sources, such as hydrogen fuel cells, are being developed to reduce their environmental footprint. Additionally, efforts are underway to minimize the environmental impact of drone operations, including battery recycling programs and eco-conscious design practices.

Integration of 5G Technology

The integration of 5G technology into drones is a significant trend, particularly for applications that require high-bandwidth communication and low-latency data transmission. 5G connectivity enables drones to operate in urban environments with dense network coverage, making it ideal for tasks such as autonomous drone delivery, remote inspections, and emergency response. The low latency of 5G networks enhances the responsiveness and real-time capabilities of drones, opening up new possibilities for their use.

Collaboration and Partnerships

Collaboration and partnerships between drone component manufacturers, software developers, and service providers are driving innovation in the drone industry. These partnerships facilitate the seamless integration of components, software solutions, and operational services, resulting in comprehensive drone ecosystems. Collaborations also expedite the development of industry-specific solutions, such as drone delivery networks and advanced data analytics platforms.

Segmental Insights

Component Type Insights

When exploring the component type insights, it is important to delve into the intricacies of the global Drones Components market, which is divided into several segments. Each segment brings its own unique contribution and growth potential to the market. These segments encompass a range of components such as frames, controllers, propulsion systems, cameras, and batteries, among others. By understanding the individual and collective influence of these components, we can gain valuable insights into the market's dynamics, allowing us to predict future trends and make well-informed strategic decisions. This comprehensive understanding empowers businesses to stay ahead in the ever-evolving world of drone technology.

Drone Type Insights

The Drones Components market is dominated by several different types of drones, each with its unique set of components. Fixed-wing drones, for instance, are renowned for their long flight times and ability to cover great distances, thanks to their aerodynamic design and utilization of lightweight yet durable materials. These drones require robust and energy-efficient components, such as high-capacity batteries and efficient propulsion systems, to ensure extended flight durations and optimal power utilization. Multirotor drones, on the other hand, are prized for their exceptional maneuverability and versatility. With their ability to hover in place, perform precise aerial maneuvers, and navigate tight spaces, these drones rely on highly responsive parts and components. Quick and agile motors, responsive flight controllers, and advanced navigation systems are crucial for achieving optimal performance and control. Hybrid drones, combining elements of both fixed-wing and multirotor designs, offer the best of both worlds. They can take off and land vertically like multirotor drones but can also transition into efficient forward flight like fixed-wing drones. These drones demand a versatile combination of components that can seamlessly transition between different flight modes and ensure optimal performance in various environments. The ongoing advancements in drone technology continue to drive innovation in the drone components market. Manufacturers are constantly developing and improving components to meet the diverse demands of these different drone types. From more efficient and powerful batteries to advanced sensors and intelligent flight controllers, the drone components market is evolving to keep up with the ever-changing needs of drone enthusiasts and professionals alike.

Regional Insights

Regional diversification in the global drones components market reveals distinct trends and growth trajectories. In North America, the market is buoyed by technological advancements and a robust demand for aerial photography and surveillance. The region boasts cutting-edge drone technology companies and research institutions, driving innovation and pushing the boundaries of what drones can achieve. In Europe, the usage of drones in the shipping and delivery sector is on the rise. With the growth of e-commerce and the need for efficient and timely deliveries, drones are being employed to revolutionize the logistics industry. Additionally, European countries have stringent regulations in place to ensure safe and responsible drone operations, fostering consumer trust and confidence. The Asia-Pacific region witnesses a surge in demand for drone technology, particularly in the agricultural sector. Drones are being increasingly used for crop surveillance and management, allowing farmers to monitor their fields more efficiently and make data-driven decisions. With a large population engaged in agriculture, Asia-Pacific presents immense opportunities for the adoption and integration of drones in farming practices. Meanwhile, in emerging markets such as Latin America and the Middle East & Africa, the growth of the drones components market is gradual yet promising. These regions are experiencing an expansion of the tourism industry, leading to an increased demand for aerial photography and videography services. Furthermore, infrastructural developments in these regions are creating opportunities for the use of drones in construction, inspection, and surveying activities. Overall, the global drones components market is witnessing dynamic growth across various regions, each driven by unique factors and industry-specific demands. As technology continues to evolve and new applications for drones emerge, the market is poised for further expansion and innovation.

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Recent Developments

Drone Fund, Japan-based world’s largest venture capitalist, invested USD 40 million in Indian companies working in drone manufacturing.
Drone Nerds, one of the largest DGI-authorized dealers of UAVs, launched a new commercial drone named DJI Mavic 3 Enterprise.

Key Market Players

DJI Technology Co., Ltd.
Parrot SA
Yuneec International Co. Ltd.
3D Robotics Inc.
AeroVironment Inc.
Lockheed Martin Corporation
Northrop Grumman Corporation
General Atomics Aeronautical Systems Inc.
Honeywell International Inc.
Intel Corporation

By Component	By Drone Type	By Region
Frames Controller systems Battery Propulsion systems Camera Navigation systems Wings Others	Fixed Wing Others	North America Europe & CIS Asia Pacific South America Middle East & Africa

Report Scope:

In this report, the Global Drones Components Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Drones Components Market, By Component:

o Frames

o Controller systems

o Battery

o Propulsion systems

o Camera

o Navigation systems

o Wings

o Others

Drones Components Market, By Drone Type:

o Fixed Wing

o Others

Drones Components Market, By Region:

o North America

§ United States

§ Canada

§ Mexico

o Europe & CIS

§ Germany

§ Spain

§ France

§ Russia

§ Italy

§ United Kingdom

§ Belgium

o Asia-Pacific

§ China

§ India

§ Japan

§ Indonesia

§ Thailand

§ Australia

§ South Korea

o South America

§ Brazil

§ Argentina

§ Colombia

o Middle East & Africa

§ Turkey

§ Iran

§ Saudi Arabia

§ UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Drones Components Market.

Available Customizations:

Global Drones Components Market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five).

Global Drones Components Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1. Introduction

1.1. Market Overview

1.2. Key Highlights of the Report

1.3. Market Coverage

1.4. Market Segments Covered

1.5. Research Tenure Considered

2. Research Methodology

2.1. Objective of the Study

2.2. Baseline Methodology

2.3. Key Industry Partners

2.4. Major Association and Secondary Sources

2.5. Forecasting Methodology

2.6. Data Triangulation & Validation

2.7. Assumptions and Limitations

3. Executive Summary

3.1. Market Overview

3.2. Market Forecast

3.3. Key Regions

3.4. Key Segments

4. Impact of COVID-19 on Global Drones Components Market

5. Voice of Customer Analysis

5.1. Brand Awareness

5.2. Brand Satisfaction

5.3. Factors Affecting Purchase Decision

6. Global Drones Components Market Outlook

6.1. Market Size & Forecast

6.1.1. By Volume & Value

6.2. Market Share & Forecast

6.2.1. By Component Market Share Analysis (Frames, Controller systems, Battery, Propulsion systems, Camera, Navigation systems, Wings and Others)

6.2.2. By Drone Type Market Share Analysis (Fixed Wing and Others)

6.2.3. By Regional Market Share Analysis

6.2.3.1. Asia-Pacific Market Share Analysis

6.2.3.2. Europe & CIS Market Share Analysis

6.2.3.3. North America Market Share Analysis

6.2.3.4. South America Market Share Analysis

6.2.3.5. Middle East & Africa Market Share Analysis

6.2.4. By Company Market Share Analysis (Top 5 Companies, Others - By Value, 2022)

6.3. Global Drones Components Market Mapping & Opportunity Assessment

6.3.1. By Component Market Mapping & Opportunity Assessment

6.3.2. By Drone Type Market Mapping & Opportunity Assessment

6.3.3. By Regional Market Mapping & Opportunity Assessment

7. Asia-Pacific Drones Components Market Outlook

7.1. Market Size & Forecast

7.1.1. By Volume & Value

7.2. Market Share & Forecast

7.2.1. By Component Market Share Analysis

7.2.2. By Drone Type Market Share Analysis

7.2.3. By Country Market Share Analysis

7.2.3.1. China Market Share Analysis

7.2.3.2. India Market Share Analysis

7.2.3.3. Japan Market Share Analysis

7.2.3.4. Indonesia Market Share Analysis

7.2.3.5. Thailand Market Share Analysis

7.2.3.6. South Korea Market Share Analysis

7.2.3.7. Australia Market Share Analysis

7.2.3.8. Rest of Asia-Pacific Market Share Analysis

7.3. Asia-Pacific: Country Analysis

7.3.1. China Drones Components Market Outlook

7.3.1.1. Market Size & Forecast

7.3.1.1.1. By Volume & Value

7.3.1.2. Market Share & Forecast

7.3.1.2.1. By Component Market Share Analysis

7.3.1.2.2. By Drone Type Market Share Analysis

7.3.2. India Drones Components Market Outlook

7.3.2.1. Market Size & Forecast

7.3.2.1.1. By Volume & Value

7.3.2.2. Market Share & Forecast

7.3.2.2.1. By Component Market Share Analysis

7.3.2.2.2. By Drone Type Market Share Analysis

7.3.3. Japan Drones Components Market Outlook

7.3.3.1. Market Size & Forecast

7.3.3.1.1. By Volume & Value

7.3.3.2. Market Share & Forecast

7.3.3.2.1. By Component Market Share Analysis

7.3.3.2.2. By Drone Type Market Share Analysis

7.3.4. Indonesia Drones Components Market Outlook

7.3.4.1. Market Size & Forecast

7.3.4.1.1. By Volume & Value

7.3.4.2. Market Share & Forecast

7.3.4.2.1. By Component Market Share Analysis

7.3.4.2.2. By Drone Type Market Share Analysis

7.3.5. Thailand Drones Components Market Outlook

7.3.5.1. Market Size & Forecast

7.3.5.1.1. By Volume & Value

7.3.5.2. Market Share & Forecast

7.3.5.2.1. By Component Market Share Analysis

7.3.5.2.2. By Drone Type Market Share Analysis

7.3.6. South Korea Drones Components Market Outlook

7.3.6.1. Market Size & Forecast

7.3.6.1.1. By Volume & Value

7.3.6.2. Market Share & Forecast

7.3.6.2.1. By Component Market Share Analysis

7.3.6.2.2. By Drone Type Market Share Analysis

7.3.7. Australia Drones Components Market Outlook

7.3.7.1. Market Size & Forecast

7.3.7.1.1. By Volume & Value

7.3.7.2. Market Share & Forecast

7.3.7.2.1. By Component Market Share Analysis

7.3.7.2.2. By Drone Type Market Share Analysis

8. Europe & CIS Drones Components Market Outlook

8.1. Market Size & Forecast

8.1.1. By Volume & Value

8.2. Market Share & Forecast

8.2.1. By Component Market Share Analysis

8.2.2. By Drone Type Market Share Analysis

8.2.3. By Country Market Share Analysis

8.2.3.1. Germany Market Share Analysis

8.2.3.2. Spain Market Share Analysis

8.2.3.3. France Market Share Analysis

8.2.3.4. Russia Market Share Analysis

8.2.3.5. Italy Market Share Analysis

8.2.3.6. United Kingdom Market Share Analysis

8.2.3.7. Belgium Market Share Analysis

8.2.3.8. Rest of Europe & CIS Market Share Analysis

8.3. Europe & CIS: Country Analysis

8.3.1. Germany Drones Components Market Outlook

8.3.1.1. Market Size & Forecast

8.3.1.1.1. By Volume & Value

8.3.1.2. Market Share & Forecast

8.3.1.2.1. By Component Market Share Analysis

8.3.1.2.2. By Drone Type Market Share Analysis

8.3.2. Spain Drones Components Market Outlook

8.3.2.1. Market Size & Forecast

8.3.2.1.1. By Volume & Value

8.3.2.2. Market Share & Forecast

8.3.2.2.1. By Component Market Share Analysis

8.3.2.2.2. By Drone Type Market Share Analysis

8.3.3. France Drones Components Market Outlook

8.3.3.1. Market Size & Forecast

8.3.3.1.1. By Volume & Value

8.3.3.2. Market Share & Forecast

8.3.3.2.1. By Component Market Share Analysis

8.3.3.2.2. By Drone Type Market Share Analysis

8.3.4. Russia Drones Components Market Outlook

8.3.4.1. Market Size & Forecast

8.3.4.1.1. By Volume & Value

8.3.4.2. Market Share & Forecast

8.3.4.2.1. By Component Market Share Analysis

8.3.4.2.2. By Drone Type Market Share Analysis

8.3.5. Italy Drones Components Market Outlook

8.3.5.1. Market Size & Forecast

8.3.5.1.1. By Volume & Value

8.3.5.2. Market Share & Forecast

8.3.5.2.1. By Component Market Share Analysis

8.3.5.2.2. By Drone Type Market Share Analysis

8.3.6. United Kingdom Drones Components Market Outlook

8.3.6.1. Market Size & Forecast

8.3.6.1.1. By Volume & Value

8.3.6.2. Market Share & Forecast

8.3.6.2.1. By Component Market Share Analysis

8.3.6.2.2. By Drone Type Market Share Analysis

8.3.7. Belgium Drones Components Market Outlook

8.3.7.1. Market Size & Forecast

8.3.7.1.1. By Volume & Value

8.3.7.2. Market Share & Forecast

8.3.7.2.1. By Component Market Share Analysis

8.3.7.2.2. By Drone Type Market Share Analysis

9. North America Drones Components Market Outlook

9.1. Market Size & Forecast

9.1.1. By Volume & Value

9.2. Market Share & Forecast

9.2.1. By Component Market Share Analysis

9.2.2. By Drone Type Market Share Analysis

9.2.3. By Country Market Share Analysis

9.2.3.1. United States Market Share Analysis

9.2.3.2. Mexico Market Share Analysis

9.2.3.3. Canada Market Share Analysis

9.3. North America: Country Analysis

9.3.1. United States Drones Components Market Outlook

9.3.1.1. Market Size & Forecast

9.3.1.1.1. By Volume & Value

9.3.1.2. Market Share & Forecast

9.3.1.2.1. By Component Market Share Analysis

9.3.1.2.2. By Drone Type Market Share Analysis

9.3.2. Mexico Drones Components Market Outlook

9.3.2.1. Market Size & Forecast

9.3.2.1.1. By Volume & Value

9.3.2.2. Market Share & Forecast

9.3.2.2.1. By Component Market Share Analysis

9.3.2.2.2. By Drone Type Market Share Analysis

9.3.3. Canada Drones Components Market Outlook

9.3.3.1. Market Size & Forecast

9.3.3.1.1. By Volume & Value

9.3.3.2. Market Share & Forecast

9.3.3.2.1. By Component Market Share Analysis

9.3.3.2.2. By Drone Type Market Share Analysis

10. South America Drones Components Market Outlook

10.1. Market Size & Forecast

10.1.1. By Volume & Value

10.2. Market Share & Forecast

10.2.1. By Component Market Share Analysis

10.2.2. By Drone Type Market Share Analysis

10.2.3. By Country Market Share Analysis

10.2.3.1. Brazil Market Share Analysis

10.2.3.2. Argentina Market Share Analysis

10.2.3.3. Colombia Market Share Analysis

10.2.3.4. Rest of South America Market Share Analysis

10.3. South America: Country Analysis

10.3.1. Brazil Drones Components Market Outlook

10.3.1.1. Market Size & Forecast

10.3.1.1.1. By Volume & Value

10.3.1.2. Market Share & Forecast

10.3.1.2.1. By Component Market Share Analysis

10.3.1.2.2. By Drone Type Market Share Analysis

10.3.2. Colombia Drones Components Market Outlook

10.3.2.1. Market Size & Forecast

10.3.2.1.1. By Volume & Value

10.3.2.2. Market Share & Forecast

10.3.2.2.1. By Component Market Share Analysis

10.3.2.2.2. By Drone Type Market Share Analysis

10.3.3. Argentina Drones Components Market Outlook

10.3.3.1. Market Size & Forecast

10.3.3.1.1. By Volume & Value

10.3.3.2. Market Share & Forecast

10.3.3.2.1. By Component Market Share Analysis

10.3.3.2.2. By Drone Type Market Share Analysis

11. Middle East & Africa Drones Components Market Outlook

11.1. Market Size & Forecast

11.1.1. By Volume & Value

11.2. Market Share & Forecast

11.2.1. By Component Market Share Analysis

11.2.2. By Drone Type Market Share Analysis

11.2.3. By Country Market Share Analysis

11.2.3.1. Turkey Market Share Analysis

11.2.3.2. Iran Market Share Analysis

11.2.3.3. Saudi Arabia Market Share Analysis

11.2.3.4. UAE Market Share Analysis

11.2.3.5. Rest of Middle East & Africa Market Share Africa

11.3. Middle East & Africa: Country Analysis

11.3.1. Turkey Drones Components Market Outlook

11.3.1.1. Market Size & Forecast

11.3.1.1.1. By Volume & Value

11.3.1.2. Market Share & Forecast

11.3.1.2.1. By Component Market Share Analysis

11.3.1.2.2. By Drone Type Market Share Analysis

11.3.2. Iran Drones Components Market Outlook

11.3.2.1. Market Size & Forecast

11.3.2.1.1. By Volume & Value

11.3.2.2. Market Share & Forecast

11.3.2.2.1. By Component Market Share Analysis

11.3.2.2.2. By Drone Type Market Share Analysis

11.3.3. Saudi Arabia Drones Components Market Outlook

11.3.3.1. Market Size & Forecast

11.3.3.1.1. By Volume & Value

11.3.3.2. Market Share & Forecast

11.3.3.2.1. By Component Market Share Analysis

11.3.3.2.2. By Drone Type Market Share Analysis

11.3.4. UAE Drones Components Market Outlook

11.3.4.1. Market Size & Forecast

11.3.4.1.1. By Volume & Value

11.3.4.2. Market Share & Forecast

11.3.4.2.1. By Component Market Share Analysis

11.3.4.2.2. By Drone Type Market Share Analysis

12. SWOT Analysis

12.1. Strength

12.2. Weakness

12.3. Opportunities

12.4. Threats

13. Market Dynamics

13.1. Market Drivers

13.2. Market Challenges

14. Market Trends and Developments

15. Competitive Landscape

15.1. Company Profiles (Up to 10 Major Companies)

15.1.1. DJI Technology Co., Ltd.

15.1.1.1. Company Details

15.1.1.2. Key Product Offered

15.1.1.3. Financials (As Per Availability)

15.1.1.4. Recent Developments

15.1.1.5. Key Management Personnel

15.1.2. Parrot SA

15.1.2.1. Company Details

15.1.2.2. Key Product Offered

15.1.2.3. Financials (As Per Availability)

15.1.2.4. Recent Developments

15.1.2.5. Key Management Personnel

15.1.3. Yuneec International Co. Ltd.

15.1.3.1. Company Details

15.1.3.2. Key Product Offered

15.1.3.3. Financials (As Per Availability)

15.1.3.4. Recent Developments

15.1.3.5. Key Management Personnel

15.1.4. 3D Robotics Inc.

15.1.4.1. Company Details

15.1.4.2. Key Product Offered

15.1.4.3. Financials (As Per Availability)

15.1.4.4. Recent Developments

15.1.4.5. Key Management Personnel

15.1.5. AeroVironment Inc.

15.1.5.1. Company Details

15.1.5.2. Key Product Offered

15.1.5.3. Financials (As Per Availability)

15.1.5.4. Recent Developments

15.1.5.5. Key Management Personnel

15.1.6. Lockheed Martin Corporation

15.1.6.1. Company Details

15.1.6.2. Key Product Offered

15.1.6.3. Financials (As Per Availability)

15.1.6.4. Recent Developments

15.1.6.5. Key Management Personnel

15.1.7. Northrop Grumman Corporation

15.1.7.1. Company Details

15.1.7.2. Key Product Offered

15.1.7.3. Financials (As Per Availability)

15.1.7.4. Recent Developments

15.1.7.5. Key Management Personnel

15.1.8. General Atomics Aeronautical Systems Inc.

15.1.8.1. Company Details

15.1.8.2. Key Product Offered

15.1.8.3. Financials (As Per Availability)

15.1.8.4. Recent Developments

15.1.8.5. Key Management Personnel

15.1.9. Honeywell International Inc.

15.1.9.1. Company Details

15.1.9.2. Key Product Offered

15.1.9.3. Financials (As Per Availability)

15.1.9.4. Recent Developments

15.1.9.5. Key Management Personnel

15.1.10. Intel Corporation

15.1.10.1. Company Details

15.1.10.2. Key Product Offered

15.1.10.3. Financials (As Per Availability)

15.1.10.4. Recent Developments

15.1.10.5. Key Management Personnel

16. Strategic Recommendations

16.1. Key Focus Areas

16.1.1. Target Regions & Countries

16.1.2. Target By Component

16.1.3. Target By Drone Type

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Figures and Tables

Frequently asked questions

What was the market size of the Global Drones Components Market in 2022?

The market size of the Global Drones Components Market was estimated to be USD 15 Billion in 2022.

Which was the dominant segment By Drone Type in the Global Drones Components Market in 2022?

In 2022, the dominant segment by drone type in the Global Drones Components Market was the Multi-Rotor drones. These drones are favored due to their flexibility, ease of use, and the ability to hover in a fixed position, making them ideal for a variety of applications including aerial photography, surveillance, and data collection.

Which is the dominant region in the Global Drones Components Market?

The dominant region in the Global Drones Components Market is North America. This dominance can be attributed to the region's advanced technology infrastructure, high adoption rates for new technologies, and significant investments in research and development for drone technology.

What are the major drivers for the Global Drones Components Market?

The major drivers for the Global Drones Components Market are the increasing demand for passenger comfort and safety features in vehicles, rising concerns about air quality and pollution, and the growing adoption of advanced automotive technologies, including cabin air filtration systems.

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Srishti Verma

Business Consultant

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Press Release

Global Drones Components Market to Grow with a CAGR of 11.4% through 2028

Sep, 2023

The major drivers for the Global Drones Components Market are the increasing demand for passenger comfort and safety features in vehicles, rising concerns about air quality and pollution, and the gro

Drones Components Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By Component (Frames, Controller systems, Battery, Propulsion systems, Camera, Navigation systems, Wings and Others), By Drone Type (Fixed Wing and Others), By Regional, By Competition

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