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Drones Market Market Research Report By
Forecast To 2028
Industry Survey, Growth, Competitive Landscape
and Forecasts to 2028
PREPARED BY
Market Research Future
(Part of Wantstats Research & Media Pvt. Ltd.)
Drones Market Market Research Report - Forecast to 2028
Global Drones Market, By Type (Fixed-Wing and Multi Rotor),By Capability (Passenger Drones and
Cargo Drones),By Capacity (Up to 100 kg and Over 100 kg),By Application (Agriculture (Field
Mapping, Field Mapping, Crop Spraying, Agricultural Photography, Precise Agriculture Management,
Agriculture Insurance Inspection),Industry (Construction, Oil & Gas, Mining, Logistics, Aviation,
Telecom)),By Component (Airframe, Payload, Guidance Navigation & Control, Propulsion System),By
Region – Forecast to 2028
The global drone market is projected to witness an impressive CAGR of 20.18% between 2018 and 2028 to reach a valuation
in excess of USD 129,300 Mn. Modern drones are being equipped with a broad range of systems such as airframe, engine,
autopilot, navigation system, sensor package, and communication link. This has augmented the application spectrum for
drones. These unmanned vehicles are not only compact but also impressively powerful and can easily perform tasks that
can be highly complex for conventional aircrafts. With the rapid advancements in drone technology, new concepts are
emerging. Drones have high potentials, therefore, is generating tremendous investment interest among government
agencies and privately owned business entities. Of late, drones are being utilized by sectors such as aviation, construction,
mining, oil & gas, telecom, and logistics sectors. Factors as such are providing an impetus to the global market for drones.
Manufacturers are also focusing on overcoming issues associated with data processing and expand flight range and
endurances.
Key Players
AeroVironment, Inc., Aeryon Labs Inc., AgEagle Aerial Systems, Agribotix LLC, DJI, Delair SAS, Parrot Drones SAS,
PrecisionHawk, 3D Robotics, Inc., and HoneyComb Corporation.
The report provides insights on the leading market players and evaluates their current market share. Company information
with regards to revenue, segmental share, geographical income, SWOT, growth strategies, new product launch, M&A
activities, and the latest R&D initiatives is also available in the report.
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Drones Market Market Research Report - Forecast to 2028
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Drones Market Market Research Report - Forecast to 2028
Global Drones Market: Segmental Overview
By type, the market has been segmented into fixed-wing and multi rotor. Among these, the fixed-wing segment is currently
account for the largest share of the market. The fuctional superiority for Fixed-wing drones is driving their demand
worldwide. Fixed-wing drones are equipped with wings (rather than vertical lift rotors), which are similar to the normal
airplanes, and are much efficient as compared to other types of drones. In addition, they are capable of covering longer
distances, mapping larger areas, and are suitable for long-duration monitoring of their point of interest.
By capability, the market has been segmented into passenger drones and cargo drones. Currently, the former is well ahead
in the race. This is primarily owing to the greater viability of cargo drones whereas passenger drones are still viewed as an
emerging concept that will need few more years before becoming a genuine contender. Moreover, manufacturers are
introducing purpose-build cargo drones with wider ranges of payload options.
By capacity, the Drones market has been segmented into up to 100 kg and over 100 kg. The up to 100 kg segment dominats
the global market as most drones that are currently manufactured fall in the particular category. These drones are used for
inspection and surveillance, photography and filmmaking, scientific research and development, lightweight cargo
transportation, and passenger carriage among others.
By application, the market has been segmented into agriculture (field mapping, crop scouting, crop spraying, agricultural
photography, precise agriculture management, agriculture insurance inspection and other) and industry (construction, oil &
gas, mining, logistics, aviation, telecom and others). The industry segment segment will continue to outperforme the
agriculture segment during the forecast period. Drones find a wide range of industrial applicatins such as real-time data
gathering and processing industrial data. One major benefit of using drones in industrial sectors is real-time monitoring
industrial sites.
By component, the market has been segmented into airframe, payload, guidance navigation & control and propulsion
system. The airframe segment is holds the largest market and is expected to highly profitable in 2018 and beyond. Increased
focus towards improving airframe structures to reduce size and achieve higher durability is also supporting the growth of
the segment. Meanwhile, the payload segment is likely to witness the fastest growth over 2028.
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Drones Market Market Research Report - Forecast to 2028
Regional Analysis
North America is the largest market for drones, with the U.S. military being one of the major customers. The use of drones
has continued to increase in U.S. military and its homeland security in recent years. The country generates a high demand
for drones used for surveillance purposes. Moreover, commercial application opportunities are growing as well. In terms of
drone technology, the US remains at the forefront globally. Drone deployment are the highest in North America, which
makes it a lucrative market for companies that specialize in drone technology. Europe is also viewed as a highly attractive
market for drones, the region currently holds the second spot in the global drones market and is likely to maintain its
position throughout the assessment period. Meanwhile, the market in Asia Pacific (APAC) is likely to expand comparatively
faster owing to several macro and micro economic factors such as the socio-political difference between various APAC
countries, territorial conflicts, and rising insurgency rates. Drones are being successfully deployed in combat operations in
volatile areas in the region. A number of countries in APAC have robust defense budgets, making them a prime destination
for military equipment manufacturers. Demand for drones is expected to pick up steam in the region over the next couple
of years.
Intended Audience
• Drone service providers
• Defense authorities
• Drone manufacturers
Report Available @ https://www.marketresearchfuture.com/reports/drones-market-1124
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