Based on our analysis, the market is projected to grow from USD 1,522.4 million in 2021 to USD 31,188.7 million by 2028 at a CAGR of 53.94% during the 2021-2028 period. . The market is primarily segmented based on product, system, end-use . Current market segmentation of any one of the types by industry type. Drone Package Delivery Market Size, Share and Growth [2028] Drone Market in terms of revenue was worth USD 18.28 Billion in 2020 and is expected to reach USD 40.90 Billion in 2027, growing at a CAGR of 12.27% from 2021 to 2027. India Drone Market Report 2019-2024 - Drone Industry Insights Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect . 1,990. The global drone market will grow from $14 billion in 2018 to over $43 billion in 2024 at a CAGR of 20.5%. DRONE MARKET SEGMENTATION The Chinese market is currently the second largest drone market in the world, and will continue closing the gap with the leading market, the United States, until 2024. The drones market is poised to record a CAGR of over 15% during the forecast period (2022 - 2027) Since drone procurement is a direct proponent of the demand from end-user industries, COVID-19 impacted some of the application segments of the market in focus in 2020. Their plans include expansion in the Australian drone market. The global agriculture drones market size was valued at $0.88 billion in 2020 and is projected to reach $5.89 billion by 2030, registering a CAGR of 22.4% from 2021 to 2030. Consumer (Recreational) Drones Market Segmentation 6.1. The global tethered drones market is expected to . Agricultural drones are unnamed aerial vehicles that are used to survey farms. Just over 5% of global strategic drone partnerships in 2018 were . UAV for the military market is captured by U.S.A. and Israel. Since 2012, more than 3.0 billion USD has been invested in drone companies worldwide and 2018 was a record year with 702 million USD in disclosed global investments. Drones Market Size, Share, Scope, Trends, Opportunities & Forecast Market segments for drones | Download Table The global Drone Data Services market is expected to surge at a steady CAGR in the coming years, states the latest Report Hive Research report. UUVs: estimated global market size 2015/2021; Drone market value Japan FY 2018-2027; Drone services market value Japan FY 2018-2027; Global V2X automotive tech market - vehicle-to-everything 2018 . Other segments that make up the global drone market . Deep dive study has been carried out on the following product segments:-Commercial Drones . In this paper, we investigate payload solutions for medium and small package delivery (up to 5 kg) with a medium-sized UAV (maximum takeoff of less than 25 kg), focusing on (i) embedded solutions . Delivery Drones Market size was valued at USD 1375 Million in 2021 and is projected to reach USD 3650 Million by 2030, growing at a CAGR of 12.2% from 2022 to 2030.. Key manufacturers of drones in the . Anti Drone Market Size, Growth and Industry Report 2022-2027 - IMARC Group Commercial Drones Market Size to Grow by USD 23.63 Bn, Vendors to Drone Motors Market research report presents the analysis of each segment from 2018 to 2027 considering 2018 as the base year for the research. The growth of the market can be attributed to the increasing adoption of drones in order to reduce cost of inspection operation, growing emphasis on asset optimization, and rising demand for clean . The delivery drones market is poised to register a CAGR of over 12% during the forecast period (2022-2027). Drone Analytics Market size was valued at USD 9.24 Billion in 2021 and is projected to reach USD 69.82 Billion by 2030, growing at a CAGR of 24.4% from 2022 to 2030.. Rising demand for drones in several end-use industries including agriculture, mining, construction among others is anticipated to drive the drone analytics market demand over the forecast . The global commercial drone market size was valued at USD 6.51 billion in 2021. Global Drone Market is expected to grow at a CAGR x.x% over the next ten years, and will reach at US$ XX.X Mn in 2029, from US$ XX.X Mn in 2019 [email protected] +1 718 618 4351 (International) . The report also includes an assessment of current market trends and dynamics, which helps in mapping the trajectory of the global Drone . Global drone market by segment 2020-2030 | Statista The global counter-UAS (anti-drone) market is estimated to reach $6.44 billion in 2031 from $1.57 billion in 2021, at a growth rate of 15.18% during the forecast period 2021-2031. Since 2012, more than 3.0 billion USD has been invested in drone companies worldwide and 2018 was a record year with 702 million USD in disclosed global investments. The combat training application is expected to be the front runner in the global target drone market, mainly to train the . Detailed Segmentation of Anti-Drone Market: The global market for anti-drones is categorized on the basis of system, technology, application, end-user, and regions. Since 2012, more than 3.0 billion USD has been invested in drone companies worldwide and 2018 was a record year with 702 million USD in disclosed global investments. The software can be of open source as well as closed source. The market is projected to grow from USD 8.15 billion in 2022 to USD 47.38 billion by 2029, exhibiting a CAGR of 28.58% during the forecast period. However, as the lockdown measures were lifted and the commercial activity . They've already made the leap to the consumer market, and now they're being put to work in commercial and civil government applications from firefighting to farming. 4.1 Industry Segmentation & Landscape 4.2 Drone Investments 4.3 Drone Partnerships 4.4 Examples of Drone Applications . It shows the steady growth in market in spite of the fluctuations and changing market trends. 1,690. The Global Drone Market is expected to grow at a . In addition, the growth momentum of the market will accelerate at a CAGR of 38.46% during the forecast . The United Kingdom and India remain the world's largest importer of military UAVs. The Drone Sensors Market is valued at $394.7 million in 2020 and is estimated to grow up to $1.696 billion by 2026, increasing at a CAGR of 33.85%. While U.S. drone startup Skydio has joined the top 10 list, they've not yet put pressure . Search for jobs related to Drone market segmentation or hire on the world's largest freelancing marketplace with 20m+ jobs. Benchmarking of key players on the following parameters: Product portfolio . 6.1 Total Drone Market Drone Analytics Market Size And Forecast. It is estimated that the target market will be growing from USD 15.74 billion in 2021 to reach around USD 49.37 billion by 2026, registering a CAGR of 17.22% over the period of 2021 to 2026. Due to the COVID-19 pandemic, there has been an increased deployment of drones for the delivery of a wide range of medical equipment, cargo, and parcels, due to increased emphasis on contactless deliveries to remote areas at a faster pace . 2027. Global Drone Battery Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2021-2028: The growth in demand of drones for commercial and medical use and increasing investment for development in drone technology . A drone Sensorsis a system that can detect changes in physical or electrical variables, as well as other characteristics. By 2021, that number could rise by as much as 29 million. The commercial drones market size is expected to grow by USD 23.63 billion from 2021 to 2026. DJI, which makes drones including the Mavic Pro, has a 86% market share at that price point, up from 84% over last year. drone technology can provide the armed services an advantage in intercepting, and eliminating enemy drones. Agriculture drones are spray drone-enhanced unmanned aerial vehicles designed to optimize agriculture operational efficiency, crop production, and monitoring over crop growth. The Mavic Pro Series has a 26% . Market Size Forecast Scenarios (Optimistic, Baseline and Pessimistic) 2021-2027. Commercial Drones Market Statistics 2030 -. The agricultural drone market share is anticipated to grow from USD 4.1 Billion in 2020 to USD 8.3 Billion in 2028, with a compound annual growth rate of 27.4% during the period of assessment. The publication offers an insightful take on the historical data of the market and the milestones it has achieved. Military and commercial platforms are areas where drone . And concerning the applications, segmentation E-Commerce, Weather Monitoring . That's creating a market . The U.S.A. accounted for 60% of this market alone in 2017. General Atomics, Lockheed Martin and Northrop Grumman has been awarded contract DARPA's new Longshot concept drone. The global drone market will grow from $14 billion in 2018 to over $43 billion in 2024 at a CAGR of 20.5%. The drone analytics market revenue stood at $2,815.6 million in 2020, and the market is predicted to advance at a CAGR of 32.1% between 2020 and 2030. . Answer: The Drone Services Market has been segmented as below: By Application Analysis: * Aerial Photography & Remote Sensing * Data Acquisition & Analytics * Mapping & Surveying * 3D Modeling * Disaster Risk Management & Mitigation * Inspection & Environmental Monitoring * Product Deliv. Global drone market is anticipated to reach USD 25 billion by the end of 2023 witnessing a compound annual growth rate of 18.2% over the forecast period owing to the significant use of drones in various sectors. The global "Drones Market Size" is expected to grow with a significant CAGR during 2022 to 2030. Target Drone Technology Market (by Application) The application segment of the market is further categorized into combat training, target and decoy, target identification, target acquisition, and others. Mapping; TV; Other End-Users; Key Players. Market segmentation of the drone delivery service market industry is carried out on the basis of Type, Applications, as well as regions and countries. The medical drones market is estimated to grow with a high CAGR during the forecast period, i.e., 2020-2029. Small Drones Market Statistics 2021-2030: Small drones market was valued at $7.44 billion in 2020, and is projected to reach $24.29 billion in 2030, registering a CAGR of 13.16%. Looking forward, IMARC Group expects the market to reach US$ 4,618.8 Million by 2027, exhibiting a CAGR of 31.4% during 2022-2027. Global drone market will grow from $14 billion in 2018 to over $43 billion in 2024 at a CAGR of 20.5%. Small-scale; Medium-sized; Large; Segmentation by End-User. The MarketWatch News Department was not involved in the creation of this content. 1,900. Drone software is used for various purposes such as capturing data, processing images and making an analysis of data. Global Drone Battery Market is valued at USD 3.60 Billion in 2021 and is expected to reach USD 12.52 Billion by 2028 with a CAGR of 19.5% over the forecast period.. It's free to sign up and bid on jobs. The multi-rotor category, under the aerial . Oct 10, 2022 (Alliance News via COMTEX) -- The global agriculture drones and robots market size was US$ 13.59 . Stream in the utilization of the internet of things (IoT) in drone delivery systems, demand for faster delivery, an increase in carbon emission-free transport solutions are the elements that drive the . AGRICULTURAL DRONE MARKET OVERVIEW. DJI's most popular drone is the Phantom 4 Series, with a 29% share. HIGHLIGHTS. But perhaps surprisingly, it's not the compact, portably drones like the Mavic and Spark lines that people want the most. The global renewable drones market is estimated to garner a large revenue and grow at a CAGR of ~28% over the forecast period, i.e., 2022 - 2030. This report studies Drone in Global market, especially in North America, China, Europe, Southeast Asia, Japan and India, with production, revenue, consumption, import and export in these regions, from 2011 to 2015, and forecast to 2025. . Market Statsville Group deeply researched this report to foresee a substantial growth in the industry in the coming years. The growing innovation in commercial and military applications insisted the industries utilize advanced solutions and software that positively influence the drone mapping software. Drones Market size was valued at USD 19.23 Billion in 2020 and is projected to reach USD 63.05 Billion by 2028, growing at a CAGR of 16.01% from 2021 to 2028.. This report outlines the portion of these disclosed investments which made it into South Africa. With respect to Type, segmentation is carried out under Close Range Drones, Short Range Drones, and Mid-Range Drones. For the overall drone market, it is predicted to reach $63.6 billion by 2025. The global drone market will grow from $14 billion in 2018 to over $43 billion in 2024 at a CAGR of 20.5%. Looking forward, IMARC Group expects the market to reach US$ 8.72 Billion by 2027, exhibiting a growth rate (CAGR) of 14.60% during 2022-2027. The Chinese market is currently the second-largest drone market in the world . Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of . 1,600. The rapid spread of COVID-19 has had a significant impact on the global small drones market globally, owing to the implementation of strict lockdown measures across . Market Segmentation. The global drone market will grow from $14 billion in 2018 to over $43 billion in 2024 at a CAGR of 20.5%. Anti-Drone Market Size And Forecast. The global COVID-19 pandemic has been unprecedented and staggering, with commercial drone experiencing higher-than . The major factors driving the market growth include the rising demand for drones, surging global information technology (IT) spending, increasing preference for flight intelligence, escalating . Competitive Benchmarking. Global Commercial Drones Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion The major driving factor for the market's robustness is the need to monitor and maintain the growing number of satellites launched. Delivery Drones Market Size And Forecast. The market growth is driven by the relaxation in the government norms for drones in Germany, the U.S., Brazil, China, Brazil, and India and high demand for agricultural products . A recent market intelligence study on the Drone Camera market incorporates proprietary techniques and assessment tools to screen the Drone Camera market for the forecast period Additionally, valuable insights pertaining to the market size, share and growth rate of Drone Camera market offers a greater chance of success for all - business owners, products, and Continue reading "Drone . The global anti-drone market size is anticipated to rise remarkably in the coming years on account of the increasing cases of security breach by unidentified drones. Drone software is available as desktop software as well as app-based software. The rapid spread of COVID-19 has had a significant impact on the global commercial drones market globally, owing to the implementation of strict . 6 Drone Market 2019-2024 . The global drone mapping software market was valued at USD 1.03 billion in 2020 and is expected to grow at a CAGR of 27.7% during the forecast period. Extensive research associated with medical drones in western countries, along with the growing significant investments in the development of advanced medical drones and increase in public acceptance, is estimated to boost the market growth. The global impact of COVID-19 has been unprecedented and staggering, with drone delivery services witnessing a positive demand shock across all regions amid the pandemic. UAV Drones are drones that are able to . Market Segmentation By Product Type . [201 Pages Report] The target drones market is projected to grow from USD 4.5 billion in 2022 to USD 6.4 billion by 2027, at a CAGR of 7.4% from 2022 to 2027. It is expected to expand at a compound annual growth rate (CAGR) of 57.5% from 2021 to 2028. According to the UN, by 2050, world population will reach 9.1 billion, with sub-Saharan Africa's population projected to grow the fastest. Subsequently, the Malaysian drone company Aerodyne acquired the Australian drone surveying company Sensorem. The global anti drone market reached a value of US$ 929.1 Million in 2021. Over half of these investments were into US companies. Global Consumer (Recreational) Drones Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion Drones are used for multiple applications ranging from filmmaking to emergency response. Compounded Annual Growth Rate (CAGR) for each respective segments are calculated for the forecast period from 2020 to 2027. Commercial Drones Market Segmentation 6.1. The data is clear: DJI still holds - by far - the largest position in the U.S., with a whopping 76%. . Drone Service Market size is valued at US$ 12.9 Billion in 2021, and is projected to reach US$ 55.4 Billion by 2027, registering a CAGR of 27.5% from 2022 to 2027. . This way, Aerodyne drones can be used in a variety of sectors such as agriculture, energy, and more, powered by Sensorem's state-of-the-art software solutions and systems. Based on . The global commercial drones market was valued at $2.72 billion in 2020, and is projected to reach $21.69 billion in 2030, registering a CAGR of 23.7%. Report Segmentation. The global drone market will grow from $14 billion in 2018 to over $43 billion in 2024 at a CAGR of 20.5%. Since 2012, more than 3.0 billion USD has been invested in drone companies worldwide and 2018 was a record year with 702 . Like the internet and GPS before them, drones are evolving beyond their military origin to become powerful business tools. It is expected to reach USD 1.205 billion by 2030, growing at a CAGR of 57% during the forecast period (2022 . The most critical factor driving the agriculture drone market growth is the expected levels of demand for food and grains worldwide in the next few decades. The unmanned aerial vehicle (UAV) drones market is foreseen to develop in a notable way during the outlook period. global Drone market size is estimated to be worth US$ 7705.8 million in 2022 and is forecast to a readjusted size of US$ 17520 million by 2028 with a CAGR of 14.7% during the forecast period 2022 . DOWNLOAD PDF. The factors driving the growth of the Delivery Drones Market are increasing demand for faster delivery, technological advancements in drones, and the growing desire to minimize carbon . Spending on drones is predicted to have a 33.3% compound annual growth. 2,200. Reporting for Work. The consumer drone market will reach $3.3 billion in 2020. In 2020, the defense segment of the global drone market maintained the largest market size with eight billion U.S. dollars. The global anti-drone market was valued at USD 842.82 million in 2021 and is expected to grow at a CAGR of 31.7% during the forecast period. Apr 13, 2022. Anti-Drone Market size was valued at USD 0.53 Billion in 2020 and is projected to reach USD 7.59 Billion by 2028, growing at a CAGR of 38.8% from 2021 to 2028.. Owing to the increasing illicit activities with the help of a drone, the Global Anti-Drone Market is expected to witness momentous growth. Long Range Delivery Drone Market Size 2022 Future Trends, Worldwide Growth Statistics at a Revenue Share, Upcoming Opportunities, Covid-19 Impact, Geographical Segmentation and Forecast to 2028 The Sensors may then recognise this variation in the drone and take . The drone motor market is segmented on the basis of drone type, motor type, power, application, end use industry, sales channel, and region. The global consumer drone market size reached US$ 3.56 Billion in 2021. Commercial Drone Market Insights:New York, United States: The global commercial drone market size was valued at USD 20.8 billion in 2021. Drones Market Size And Forecast. Market Scope & segmentation. ; The US drone market is currently the largest regional drone market, but the Chinese one is expected to take over by the end of this year. Since 2012, more than 3.0 billion USD has been invested in drone companies worldwide and 2018 was a record year with 702 million USD in disclosed global . It is an exhaustive report entailing an in-depth and complete industry analysis, through forecast factors, market trends, extensive segmental [] Agricultural drones market is projected to progress at a CAGR of 25.0% during 2019-2024. Johnson and The . Segmentation Analysis. Most of the expenditure is focused on hardware (90%) in 2020. The report aims to provide an overview of tethered drones market with detailed market segmentation by type, application, end user and geography. The global commercial drone market size was valued at USD 13.44 billion in 2020. Assessing Commercial Drone Market Trends, Geographical Segmentation, Business Challenges to . Increasing R&D and venture capitalist activities in the field of drones are also aiding the growth of the target drones market in the US. Drone Logistics and Transportation market size to maintain the average annual growth rate of 21.61% from 2380 million $ in 2014 to 4280 million $ in 2017, Drone Logistics and Transportation market size will be further expanded, we expect that by 2022 . In terms of volume, the demand was recorded at 689.4 thousand units in 2020. Segmentation by Product Type. This report highlights the following; According to the Drone Market Report 2020, the global drone market will grow from $22.5 billion in 2020 to over $42.8 billion in 2025 at a CAGR of 13.8% . Drone Motor Market Segmentation. This report outlines the portion of these disclosed investments which made it into India.