The global drone market is anticipated to grow at a CAGR of 17.99% during the forecast period to reach USD96.00 billion by 2027. Anticipated growth in the drone market can be attributed to increasing applications of drones in media and entertainment sector, continuously evolving defense drone technologies powering autonomous drones in a battlefield, expanding usage of unmanned aerial vehicles for agriculture and mining & construction activities etc. Furthermore, factors such as quality aerial imaging, precision, easy deployment etc. is expected to drive the global drone market during the forecast period.

Drones, commonly referred to as unmanned aerial vehicles (UAVs), are aircrafts that are controlled by a remote human pilot or by preprogrammed plans or automation systems enabling them to fly autonomously. Drones does not carry crew, or passengers on board.

Growing Demand in Delivering Packages Drives the Market Growth

Drone technology manufacturers across the globe have put in serious efforts to improve the package delivering technologies over past few years. Significant number of drone package delivering startups have been surfacing online. The future of drone technology will present consumers with the convenient option of receiving their packages through drones. Amazon is among the companies at the forefront of making this a reality. For example, its upcoming Amazon Prime Air service is expected to allow consumers to request drone delivery for packages weighing up to five pounds. The package delivery will work via drone which is dispatched to the consumer’s address, which can be tracked by the customers through smartphone. Once the drone arrives, the customer will use their phone to flash QR code, barcode, or LED signal to the drone, validating the drone partner as the correct customer. The package is then lowered from a safe height using a pulley system and is released to the customer. The research and development in drone delivering technology is aimed toward improving consumer experience, reducing delivery time and increasing the packaging standards. Owing to growing demand of drones for delivering packages, the global drone market is expected to register a brisk growth during the forecast years.

Growing Application of Drones in Military & Defense Sector

The escalating applications of drones in several end use industries including military & defense and event industry is the major factor estimated to bolster the growth of the global drone market over the coming years. In addition, implementation of the Artificial Intelligence and machine learning technologies in the drone system for various operational uses is another impactful factor projected to accelerate the growth of market by 2027. Drones have become a regular feature in military applications, especially surveillance, and the range of defense applications continues to grow as technology develops. The pace of development of drones is continually increasing, driven majorly by geopolitical factors. Drones are primarily used to conduct intelligence, surveillance and reconnaissance (ISR) activities across international borders. Military drones are currently being developed for a wide range of uses such as electronic attacks (EA), strike mission, suppression of enemy air defenses (SEAD), network nodes, relay of communication, and combat search and rescue (CSAR). Drone tech is expected to be adopted at a rapid pace in industrial markets in the following domains: aerial inspection and monitoring; payload delivery; media and entertainment; and security. These applications require the integration of technologies such as 3-Dimensional, artificial intelligence, laser technologies, machine learning, acoustics, augmented reality (AR), computer vision, and cognitive tools.  Manufacturers of drones, component suppliers, software integrators, and prospective enterprise users share a vested interest in collaboration to promote the adoption of drone technologies across the market.


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Market Segmentation

The global drone market is segmented based on type, altitude, payload, end user, application, region, and competitive landscape. Based on type, the market is further divided into fixed wing drone, rotary blade drone, hybrid drone. Based on altitude, the market is segmented into MALE, HALE, LALE. Based on payload, the market is segmented into less than 200 kg, 200-500 kg, 500-1000 kg, above 1000 kg. Based on end user, drone market is segmented into commercial, defense, recreational. On the basis of application, the market is divided into logistics, security, agriculture, mining & construction, media & entertainment, others. The market analysis also studies the regional segmentation to devise regional market segmentation, divided into North America, Europe, Asia Pacific, South America, Middle East and Africa. In terms of country, the United States drone market is forecast to grow at a faster rate and is expected to reach around USD30.77 billion during the forecast period.

Company Profiles

Northrop Grumman Corporation, Insitu Inc. (Subsidiary of The Boeing Company), Lockheed Martin Corporation, DJI, Thales Group, Israel Aerospace Industries Ltd., Israel Aerospace Industries Ltd., Turkish Aerospace Industries, Inc, BAE Systems plc etc. are among the major market players that are leading the market growth of the global drone market.

Attribute

Details

Market Size Value in 2021

USD35.40 Billion

Revenue Forecast in 2027

USD96.00 Billion

Growth Rate

17.99%

US Revenue Forecast in 2027

USD30.77 Billion

Base Year

2021

Historical Years

2017 – 2021

Estimated Year

2022

Forecast Period

2023 – 2027

Quantitative Units

Revenue in USD Billion and CAGR for 2017-2021 and 2022-2027

Report Coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered

·         Type

·         Altitude

·         Payload

·         End User

·         Application

·         Region

·         Company

Regional Scope

North America, Europe, Asia Pacific, South America, Middle East and Africa

Country Scope

United States, Canada, Mexico, Germany, France, UK, Spain, Italy, Russia, Turkey, China, India, Japan, Malaysia, Thailand, Indonesia, Vietnam, South Korea, Brazil, Argentina, Colombia, Saudi Arabia, South Africa, UAE, Israel

Key Companies Profiled

Northrop Grumman Corporation, Insitu Inc. (Subsidiary of The Boeing Company), Lockheed Martin Corporation, DJI, Thales Group, Israel Aerospace Industries Ltd., Israel Aerospace Industries Ltd., Turkish Aerospace Industries, Inc, BAE Systems plc, Elbit Systems Ltd., Saab Group

Customization Scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and Purchase Options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/pdf format on special request)

 

Report Scope:

In this report, the global drone market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • Drone Market, By Type:
    • Fixed Wing Drone
    • Rotary Blade Drone
    • Hybrid Drone
  • Drone Market, By Altitude:
    • MALE
    • HALE
    • LALE
  • Drone Market, By Payload:
    • Above 1000 kg
    • 500-1000 kg
    • Less than 200 kg
    • 200-500 kg
  • Drone Market, By End User:
    • Defense
    • Recreational
    • Commercial
  • Drone Market, By Application:
    • Security
    • Media & Entertainment
    • Agriculture
    • Logistics
    • Mining & Construction
    • Others
  • Drone Market, By Region:
    • North America
      • United States
      • Canada
      • Mexico
    • Asia Pacific
      • China
      • Japan
      • India
      • South Korea
      • Indonesia
      • Thailand
      • Malaysia
      • Vietnam
    • Europe
      • United Kingdom
      • Russia
      • Spain
      • Turkey
      • France
      • Germany
      • Italy
    • Middle East and Africa
      • Israel
      • South Africa
      • Saudi Arabia
      • UAE
    • South America
      • Brazil
      • Argentina
      • Colombia

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the global drone market.

Available Customizations:

With the given market data, TechSci 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).

In case you don’t find what you are looking for, please get in touch with our custom research team at sales@techsciresearch.com

1.    Product Overview

2.    Research Methodology

3.    Executive Summary

4.    Impact of COVID-19 on Global Drone Market

5.    Voice of Customer

5.1.  Brand Satisfaction Level

5.2.  Factors Influencing Purchasing Decision

5.3.  Challenges/Unmet Needs

6.    Global Drone Market Outlook

6.1.  Market Size & Forecast

6.1.1.    By Value & Volume

6.2.  Market Share & Forecast

6.2.1.    By Type (Fixed Wing Drone, Rotary Blade Drone, Hybrid Drone)

6.2.2.    By Altitude (MALE, HALE, LALE)

6.2.3.    By Payload (Less than 200 kg, 200-500 kg, 500-1000 kg, Above 1000 kg)

6.2.4.    By End User (Commercial, Defense, Recreational)

6.2.5.    By Application (Logistics, Security, Agriculture, Mining & Construction, Media & Entertainment, Others)

6.2.6.    By Region

6.2.7.    By Company (2021)

6.3.  Market Map (By Type, By Altitude, By Payload, By End User, By Application, By Region)

7.    North America Drone Market Outlook

7.1.  Market Size & Forecast

7.1.1.    By Value & Volume

7.2.  Market Share & Forecast

7.2.1.    By Type

7.2.2.    By Altitude

7.2.3.    By Payload

7.2.4.    By End User

7.2.5.    By Application

7.2.6.    By Country

7.3.  North America: Country Analysis

7.3.1.    United States Drone Market Outlook

7.3.1.1.        Market Size & Forecast

7.3.1.1.1.            By Value & Volume

7.3.1.2.        Market Share & Forecast

7.3.1.2.1.            By Type

7.3.1.2.2.            By Altitude

7.3.1.2.3.            By Payload

7.3.1.2.4.            By End User

7.3.1.2.5.            By Application

7.3.2.    Canada Drone Market Outlook

7.3.2.1.        Market Size & Forecast

7.3.2.1.1.            By Value & Volume

7.3.2.2.        Market Share & Forecast

7.3.2.2.1.            By Type

7.3.2.2.2.            By Altitude

7.3.2.2.3.            By Payload

7.3.2.2.4.            By End User

7.3.2.2.5.            By Application

7.3.3.    Mexico Drone Market Outlook

7.3.3.1.        Market Size & Forecast

7.3.3.1.1.            By Value & Volume

7.3.3.2.        Market Share & Forecast

7.3.3.2.1.            By Type

7.3.3.2.2.            By Altitude

7.3.3.2.3.            By Payload

7.3.3.2.4.            By End User

7.3.3.2.5.            By Application

8.    Asia Pacific Drone Market Outlook

8.1.  Market Size & Forecast

8.1.1.    By Value & Volume

8.2.  Market Share & Forecast

8.2.1.    By Type

8.2.2.    By Altitude

8.2.3.    By Payload

8.2.4.    By End User

8.2.5.    By Application

8.2.6.    By Country

8.3.  Asia Pacific: Country Analysis

8.3.1.    China Drone Market Outlook

8.3.1.1.        Market Size & Forecast

8.3.1.1.1.            By Value & Volume

8.3.1.2.        Market Share & Forecast

8.3.1.2.1.            By Type

8.3.1.2.2.            By Altitude

8.3.1.2.3.            By Payload

8.3.1.2.4.            By End User

8.3.1.2.5.            By Application

8.3.2.    Japan Drone Market Outlook

8.3.2.1.        Market Size & Forecast

8.3.2.1.1.            By Value & Volume

8.3.2.2.        Market Share & Forecast

8.3.2.2.1.            By Type

8.3.2.2.2.            By Altitude

8.3.2.2.3.            By Payload

8.3.2.2.4.            By End User

8.3.2.2.5.            By Application

8.3.3.    India Drone Market Outlook

8.3.3.1.        Market Size & Forecast

8.3.3.1.1.            By Value & Volume

8.3.3.2.        Market Share & Forecast

8.3.3.2.1.            By Type

8.3.3.2.2.            By Altitude

8.3.3.2.3.            By Payload

8.3.3.2.4.            By End User

8.3.3.2.5.            By Application

8.3.4.    South Korea Drone Market Outlook

8.3.4.1.        Market Size & Forecast

8.3.4.1.1.            By Value & Volume

8.3.4.2.        Market Share & Forecast

8.3.4.2.1.            By Type

8.3.4.2.2.            By Altitude

8.3.4.2.3.            By Payload

8.3.4.2.4.            By End User

8.3.4.2.5.            By Application

8.3.5.    Indonesia Drone Market Outlook

8.3.5.1.        Market Size & Forecast

8.3.5.1.1.            By Value & Volume

8.3.5.2.        Market Share & Forecast

8.3.5.2.1.            By Type

8.3.5.2.2.            By Altitude

8.3.5.2.3.            By Payload

8.3.5.2.4.            By End User

8.3.5.2.5.            By Application

8.3.6.    Thailand Drone Market Outlook

8.3.6.1.        Market Size & Forecast

8.3.6.1.1.            By Value & Volume

8.3.6.2.        Market Share & Forecast

8.3.6.2.1.            By Type

8.3.6.2.2.            By Altitude

8.3.6.2.3.            By Payload

8.3.6.2.4.            By End User

8.3.6.2.5.            By Application

8.3.7.    Malaysia Drone Market Outlook

8.3.7.1.        Market Size & Forecast

8.3.7.1.1.            By Value & Volume

8.3.7.2.        Market Share & Forecast

8.3.7.2.1.            By Type

8.3.7.2.2.            By Altitude

8.3.7.2.3.            By Payload

8.3.7.2.4.            By End User

8.3.7.2.5.            By Application

8.3.8.    Vietnam Drone Market Outlook

8.3.8.1.        Market Size & Forecast

8.3.8.1.1.            By Value & Volume

8.3.8.2.        Market Share & Forecast

8.3.8.2.1.            By Type

8.3.8.2.2.            By Altitude

8.3.8.2.3.            By Payload

8.3.8.2.4.            By End User

8.3.8.2.5.            By Application

9.    Europe Drone Market Outlook

9.1.  Market Size & Forecast

9.1.1.    By Value & Volume

9.2.  Market Share & Forecast

9.2.1.    By Type

9.2.2.    By Altitude

9.2.3.    By Payload

9.2.4.    By End User

9.2.5.    By Application

9.2.6.    By Country

9.3.  Europe: Country Analysis

9.3.1.    United Kingdom Drone Market Outlook

9.3.1.1.        Market Size & Forecast

9.3.1.1.1.            By Value & Volume

9.3.1.2.        Market Share & Forecast

9.3.1.2.1.            By Type

9.3.1.2.2.            By Altitude

9.3.1.2.3.            By Payload

9.3.1.2.4.            By End User

9.3.1.2.5.            By Application

9.3.2.    Russia Drone Market Outlook

9.3.2.1.        Market Size & Forecast

9.3.2.1.1.            By Value & Volume

9.3.2.2.        Market Share & Forecast

9.3.2.2.1.            By Type

9.3.2.2.2.            By Altitude

9.3.2.2.3.            By Payload

9.3.2.2.4.            By End User

9.3.2.2.5.            By Application

9.3.3.    Spain Drone Market Outlook

9.3.3.1.        Market Size & Forecast

9.3.3.1.1.            By Value & Volume

9.3.3.2.        Market Share & Forecast

9.3.3.2.1.            By Type

9.3.3.2.2.            By Altitude

9.3.3.2.3.            By Payload

9.3.3.2.4.            By End User

9.3.3.2.5.            By Application

9.3.4.    Turkey Drone Market Outlook

9.3.4.1.        Market Size & Forecast

9.3.4.1.1.            By Value & Volume

9.3.4.2.        Market Share & Forecast

9.3.4.2.1.            By Type

9.3.4.2.2.            By Altitude

9.3.4.2.3.            By Payload

9.3.4.2.4.            By End User

9.3.4.2.5.            By Application

9.3.5.    France Drone Market Outlook

9.3.5.1.        Market Size & Forecast

9.3.5.1.1.            By Value & Volume

9.3.5.2.        Market Share & Forecast

9.3.5.2.1.            By Type

9.3.5.2.2.            By Altitude

9.3.5.2.3.            By Payload

9.3.5.2.4.            By End User

9.3.5.2.5.            By Application

9.3.6.    Germany Drone Market Outlook

9.3.6.1.        Market Size & Forecast

9.3.6.1.1.            By Value & Volume

9.3.6.2.        Market Share & Forecast

9.3.6.2.1.            By Type

9.3.6.2.2.            By Altitude

9.3.6.2.3.            By Payload

9.3.6.2.4.            By End User

9.3.6.2.5.            By Application

9.3.7.    Italy Drone Market Outlook

9.3.7.1.        Market Size & Forecast

9.3.7.1.1.            By Value & Volume

9.3.7.2.        Market Share & Forecast

9.3.7.2.1.            By Type

9.3.7.2.2.            By Altitude

9.3.7.2.3.            By Payload

9.3.7.2.4.            By End User

9.3.7.2.5.            By Application

10.  Middle East and Africa Drone Market Outlook

10.1.             Market Size & Forecast

10.1.1. By Value & Volume

10.2.             Market Share & Forecast

10.2.1. By Type

10.2.2. By Altitude

10.2.3. By Payload

10.2.4. By End User

10.2.5. By Application

10.2.6. By Country

10.3.             Middle East and Africa: Country Analysis

10.3.1. Israel Drone Market Outlook

10.3.1.1.     Market Size & Forecast

10.3.1.1.1.         By Value & Volume

10.3.1.2.     Market Share & Forecast

10.3.1.2.1.         By Type

10.3.1.2.2.         By Altitude

10.3.1.2.3.         By Payload

10.3.1.2.4.         By End User

10.3.1.2.5.         By Application

10.3.2. South Africa Drone Market Outlook

10.3.2.1.     Market Size & Forecast

10.3.2.1.1.         By Value & Volume

10.3.2.2.     Market Share & Forecast

10.3.2.2.1.         By Type

10.3.2.2.2.         By Altitude

10.3.2.2.3.         By Payload

10.3.2.2.4.         By End User

10.3.2.2.5.         By Application

10.3.3. Saudi Arabia Drone Market Outlook

10.3.3.1.     Market Size & Forecast

10.3.3.1.1.         By Value & Volume

10.3.3.2.     Market Share & Forecast

10.3.3.2.1.         By Type

10.3.3.2.2.         By Altitude

10.3.3.2.3.         By Payload

10.3.3.2.4.         By End User

10.3.3.2.5.         By Application

10.3.4. UAE Drone Market Outlook

10.3.4.1.     Market Size & Forecast

10.3.4.1.1.         By Value & Volume

10.3.4.2.     Market Share & Forecast

10.3.4.2.1.         By Type

10.3.4.2.2.         By Altitude

10.3.4.2.3.         By Payload

10.3.4.2.4.         By End User

10.3.4.2.5.         By Application

11.  South America Drone Market Outlook

11.1.             Market Size & Forecast

11.1.1. By Value & Volume

11.2.             Market Share & Forecast

11.2.1. By Type

11.2.2. By Altitude

11.2.3. By Payload

11.2.4. By End User

11.2.5. By Application

11.2.6. By Country

11.3.             South America: Country Analysis

11.3.1. Brazil Drone Market Outlook

11.3.1.1.     Market Size & Forecast

11.3.1.1.1.         By Value & Volume

11.3.1.2.     Market Share & Forecast

11.3.1.2.1.         By Type

11.3.1.2.2.         By Altitude

11.3.1.2.3.         By Payload

11.3.1.2.4.         By End User

11.3.1.2.5.         By Application

11.3.2. Argentina Drone Market Outlook

11.3.2.1.     Market Size & Forecast

11.3.2.1.1.         By Value & Volume

11.3.2.2.     Market Share & Forecast

11.3.2.2.1.         By Type

11.3.2.2.2.         By Altitude

11.3.2.2.3.         By Payload

11.3.2.2.4.         By End User

11.3.2.2.5.         By Application

11.3.3. Colombia Drone Market Outlook

11.3.3.1.     Market Size & Forecast

11.3.3.1.1.         By Value & Volume

11.3.3.2.     Market Share & Forecast

11.3.3.2.1.         By Type

11.3.3.2.2.         By Altitude

11.3.3.2.3.         By Payload

11.3.3.2.4.         By End User

11.3.3.2.5.         By Application

12.  Market Dynamics

12.1.Drivers

12.2.Challenges

13.  Market Trends and Developments

14.  Competitive Landscape

14.1.Northrop Grumman Corporation

14.2.Insitu Inc. (Subsidiary of The Boeing Company)

14.3.Lockheed Martin Corporation 

14.4.DJI

14.5.Thales Group

14.6.Israel Aerospace Industries Ltd.

14.7.Israel Aerospace Industries Ltd.

14.8.Turkish Aerospace Industries, Inc.

14.9. BAE Systems plc, Elbit Systems Ltd.

14.10. Saab Group

15. Strategic Recommendations

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  • List of Figures:


    Figure 1: Global Drone Market Size, By Value (USD Billion), By Volume (Units), 2017-2027F

    Figure 2: Global Drone Market Share, By Type, By Value, 2017-2027F

    Figure 3: Global Drone Market Share, By Altitude, By Value, 2017-2027F

    Figure 4: Global Drone Market Share, By Payload, By Value, 2017-2027F

    Figure 5: Global Drone Market Share, By End User, By Value 2017-2027F

    Figure 6: Global Drone Market Share, By Application, By Value, 2017-2027F

    Figure 7: Global Drone Market Share, By Region, By Value, 2017-2027F

    Figure 8: Global Drone Market Share, By Company, By Value, 2017-2027F

    Figure 9: Global Drone Market Map, By Type, Market Size (USD Billion) & Growth Rate (%)

    Figure 10: Global Drone Market Map, By Altitude, Market Size (USD Billion) & Growth Rate (%)

    Figure 11: Global Drone Market Map, By Payload, Market Size (USD Billion) & Growth Rate (%)

    Figure 12: Global Drone Market Map, By End User, Market Size (USD Billion) & Growth Rate (%)

    Figure 13: Global Drone Market Map, By Application, Market Size (USD Billion) & Growth Rate (%)

    Figure 14: Global Drone Market Map, By Region, Market Size (USD Billion) & Growth Rate (%)

    Figure 15: North America Drone Market Size, By Value (USD Billion), By Volume (Units), 2017-2027F

    Figure 16: North America Drone Market Share, By Type, By Value, 2017-2027F

    Figure 17: North America Drone Market Share, By Altitude, By Value, 2017-2027F

    Figure 18: North America Drone Market Share, By Payload, By Value, 2017-2027F

    Figure 19: North America Drone Market Share, By End User, By Value 2017-2027F

    Figure 20: North America Drone Market Share, By Application, By Value, 2017-2027F

    Figure 21: North America Drone Market Share, By Country, By Value, 2017-2027F

    Figure 22: United States Drone Market Size, By Value (USD Billion), By Volume (Units), 2017-2027F

    Figure 23: United States Drone Market Share, By Type, By Value, 2017-2027F

    Figure 24: United States Drone Market Share, By Altitude, By Value, 2017-2027F

    Figure 25: United States Drone Market Share, By Payload, By Value, 2017-2027F

    Figure 26: United States Drone Market Share, By End User, By Value 2017-2027F

    Figure 27: United States Drone Market Share, By Application, By Value, 2017-2027F

    Figure 28: Canada Drone Market Size, By Value (USD Billion), By Volume (Units), 2017-2027F

    Figure 29: Canada Drone Market Share, By Type, By Value, 2017-2027F

    Figure 30: Canada Drone Market Share, By Altitude, By Value, 2017-2027F

    Figure 31: Canada Drone Market Share, By Payload, By Value, 2017-2027F

    Figure 32: Canada Drone Market Share, By End User, By Value 2017-2027F

    Figure 33: Canada Drone Market Share, By Application, By Value, 2017-2027F

    Figure 34: Mexico Drone Market Size, By Value (USD Billion), By Volume (Units), 2017-2027F

    Figure 35: Mexico Drone Market Share, By Type, By Value, 2017-2027F

    Figure 36: Mexico Drone Market Share, By Altitude, By Value, 2017-2027F

    Figure 37: Mexico Drone Market Share, By Payload, By Value, 2017-2027F

    Figure 38: Mexico Drone Market Share, By End User, By Value 2017-2027F

    Figure 39: Mexico Drone Market Share, By Application, By Value, 2017-2027F

    Figure 40: Asia Pacific Drone Market Size, By Value (USD Billion), By Volume (Units), 2017-2027F

    Figure 41: Asia Pacific Drone Market Share, By Type, By Value, 2017-2027F

    Figure 42: Asia Pacific Drone Market Share, By Altitude, By Value, 2017-2027F

    Figure 43: Asia Pacific Drone Market Share, By Payload, By Value, 2017-2027F

    Figure 44: Asia Pacific Drone Market Share, By End User, By Value 2017-2027F

    Figure 45: Asia Pacific Drone Market Share, By Application, By Value, 2017-2027F

    Figure 46: Asia Pacific Drone Market Share, By Country, By Value, 2017-2027F

    Figure 47: China Drone Market Size, By Value (USD Billion), By Volume (Units), 2017-2027F

    Figure 48: China Drone Market Share, By Type, By Value, 2017-2027F