According to IMARC Group’s latest report, titled “Drones Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” the global drones market reached a value of US$ 22.1 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 43.4 Billion by 2027, exhibiting at a CAGR of 12.56% during 2022-2027.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Drones, also known as unmanned aerial vehicles (UAVs), are unpiloted aircraft controlled by remote or self-automation software. They are manufactured using lightweight composite materials that help minimize the weight and increase maneuverability. Presently, they are widely used in various end use industries for weather monitoring, firefighting, rescue operations, and intelligence gathering.
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Considerable growth in the construction industry represents one of the key factors positively influencing the demand for drones across the globe for surveying lands, improving safety, preventing hazardous situations, and providing constant and reliable topographic updates. They also find extensive application in the defense and military sector to identify security and terrorism-related challenges and enhance the capabilities of security forces. Apart from this, the increasing adoption of modern agricultural practices is catalyzing the demand for drones to monitor crop status and livestock movement in real-time. Besides this, the need for drones is anticipated to rise in the entertainment and media industry for taking footage and pictures on film sets and at theme parks, sporting events, and circuses.
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List of Key Companies Covered in this Market Report:
- 3D Robotics
- AeroVironment Inc
- Birdseyeview Aerobotics Inc.
- Delair SAS
- DroneDeploy Inc
- Intel Corporation
- Parrort SA
- Precisionhawk Inc.
- SZ DJI Technology Co. Ltd. (iFlight Technology Co. Ltd.)
- Terra Drone Corporation
- The Boeing Company
The report has segmented the market on the basis of type, component, payload, point of sale, end-use industry and geography.
Market Breakup by Type:
- Fixed Wing
- Rotary Wing
Market Breakup by Component:
Market Breakup by Payload:
- <25 Kilograms
- 25-170 Kilograms
- >170 Kilograms
Market Breakup by Point of Sale:
- Original Equipment Manufacturers (OEM)
Market Breakup by End-Use Industry:
- Military and Defense
- Law Enforcement
- Media and Entertainment
Breakup by Geography:
- North America (U.S. & Canada)
- Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
- Latin America (Brazil, Mexico)
- Middle East & Africa
Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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