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PUBLISHER: BCC Research | PRODUCT CODE: 1559166
PUBLISHER: BCC Research | PRODUCT CODE: 1559166
Drone Technology and Global Markets
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PAGES: 177 Pages
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The global drone technology market was valued at $30.4 billion in 2023. The market is projected to grow from $33.9 billion in 2024 to $61.2 billion by the end of 2029, at a compound annual growth rate (CAGR) of 12.6% from 2024 through 2029.
The North American drone technology market is projected to grow from $12.5 billion in 2024 to $23.0 billion by the end of 2029, at a CAGR of 12.9% from 2024 through 2029.
The Asia-Pacific drone technology market is projected to grow from $9.0 billion in 2024 to $17.7 billion by the end of 2029, at a CAGR of 14.5% from 2024 through 2029.
Report Scope:
This report analyzes drone technology offerings, including hardware, software and services. It examines the different drone products, such as fixed-wing, rotary-blade and hybrid drones, and further segments the market by type of drone, including unmanned aerial vehicles (UAVs), unmanned underwater vehicles (UUVs), unmanned ground vehicles (UGVs) and unmanned surface vehicles (USVs).
This report also explores the applications of drone technology across the defense, commercial, government and consumer sectors. It also provides a market analysis by region: North America, Europe, Asia-Pacific, and Rest of the World (RoW), which includes Latin America and the Middle East and Africa.
The study also analyzes the drivers and dynamics of the drone market, along with current industry trends. The report concludes by providing profiles of the major vendors in the market. The base year for the study is 2023, with projections for 2024 through 2029, including expected CAGRs for that period.
Report Includes:
- 68 data tables and 54 additional tables
- An analysis of the global markets for drone technology
- Analyses of global market trends, with market revenue data from 2023, estimates for 2024, forecasts for 2025 and 2027, and projected CAGRs through 2029
- Estimate of the current market size and revenue prospects, along with a market share analysis by type of offering, product, drone type, application, and region
- Facts and figures pertaining to the market dynamics, technological advances, regulations, and the influence of macroeconomic factors driving future demand and innovation
- A Porter's Five Forces analysis, a global value chain analysis and an export/import trade data analysis
- A look at the recent patent grants and patent applications published
- Overview of sustainability trends and ESG developments, with emphasis on consumer attitudes, ESG score analysis, and the ESG practices of leading companies
- Competitive intelligence, including company shares, strategic alliances, M&A activity and venture funding outlook
- Company profiles of the leading industry players, including AeroVironment Inc., Airbus, Boeing, Drone Volt and DJI
Product Code: IAS104E
Table of Contents
Chapter 1 Executive Summary
- Market Outlook
- Scope of the Report
- Market Summary
Chapter 2 Market Overview
- Overview
- Trade Data Analysis
- Imports
- Exports
- Outlook
- Value Chain Analysis
- Porter's Five Forces Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Consumers
- Threat of New Entrants
- Level of Competitiveness
- Availability of Substitutes
Chapter 3 Market Dynamics
- Overview
- Market Drivers
- Technological Advances in Drone Technology
- Increasing Cost Efficiency
- 5G Technology and Cloud Computing
- Enhanced Public Perception and Awareness
- Strategic Investments and Partnerships
- Market Restraints
- Use of Drones as Spyware Tools
- Vulnerability to Sabotage
- Scarcity of Trained Pilots
- Market Challenges
- Technological Limitations
- Public Perception Issues
- Analysis of Trends
Chapter 4 Regulatory Landscape
- Overview
- United States
- European Union
- China
- South Korea
- India
- Australia
Chapter 5 Emerging Technologies
- Technology Snapshot
- Subsystems
- Technology
- Emerging Technologies
- AI and ML
- Swarming Technology
- Advanced Sensors
- Innovations in Battery Technology
- 5G Connectivity
- Hybrid Propulsion Systems
- Quantum Computing
- SLAM Technology
- Patent Analysis
- Regional Patterns
- Key Findings
Chapter 6 Market Segmentation Analysis
- Segmentation Breakdown
- Market Breakdown by Offering
- Overview
- Hardware
- Software
- Services
- Market Breakdown by Product
- Overview
- Fixed-Wing Drones
- Rotary Blade Drones
- Hybrid Drones
- Market Breakdown by Type of Drone
- Overview
- Unmanned Aerial Vehicles
- Unmanned Underwater Vehicles
- Unmanned Ground Vehicles
- Unmanned Surface Vehicles
- Market Breakdown by Application
- Overview
- Defense
- Commercial Drones
- Government
- Consumer
- Geographic Breakdown
- Market Breakdown by Region
- North America
- Europe
- Asia-Pacific
- Rest of the World
Chapter 7 Competitive Landscape
- Analysis of Leading Companies
Chapter 8 Environmental, Social, and Governance (ESG) Perspective
- Overview
- Environmental Impacts
- Social Impacts
- Governance Impacts
- Status of ESG in the Drone Technology Industry
- Concluding Remarks from BCC
Chapter 9 Appendix
- Research Methodology
- References
- Abbreviations
- Company Profiles
- AEROVIRONMENT INC.
- AIRBUS
- BOEING
- DELAIR
- DJI
- DRAGANFLY INNOVATIONS INC.
- DRONE DESTINATION LTD.
- DRONE HARMONY AG
- DRONEVOLT
- EHANG
- FREEFLY SYSTEMS
- HUBSAN
- IDEAFORGE TECHNOLOGY LTD.
- INSITU
- INSIDEFPV VENTURES PVT. LTD.
- KESPRY
- MMC
- PARROT DRONE SAS
- POWERVISION INC.
- SKYDIO INC.
- YUNEEC
Product Code: IAS104E
List of Tables
- Summary Table : Global Drone Technology Market, by Region, Through 2029
- Table 1 : Leading Importers of Unmanned Aircraft (HS Code: 8806), by Country, 2023
- Table 2 : Leading Exporters of Unmanned Aircraft (HS Code: 8806), by Country, 2023
- Table 3 : Porter's Five Forces: Rating Scale
- Table 4 : Drone-Related Patents and Patent Applications, by Drone Type, 2021-2024*
- Table 5 : Global Drone Technology Market, by Offering, Through 2029
- Table 6 : Global Drone Hardware Market, by Region, Through 2029
- Table 7 : Global Market for Drone Software, by Region, Through 2029
- Table 8 : Global Market for Drone Services, by Region, Through 2029
- Table 9 : Global Market for Drone Technology, by Product, Through 2029
- Table 10 : Global Market for Fixed-Wing Drones, by Region, Through 2029
- Table 11 : Global Market for Rotary Blade Drones, by Region, Through 2029
- Table 12 : Global Market for Hybrid Drones, by Region, Through 2029
- Table 13 : Global Market for Drone Technology, by Type, Through 2029
- Table 14 : Global Market for UAVs, by Region, Through 2029
- Table 15 : Global Market for UUVs, by Region, Through 2029
- Table 16 : Global Market for UGVs, by Region, Through 2029
- Table 17 : Global Market for USVs, by Region, Through 2029
- Table 18 : Global Market for Drone Technology, by Application, Through 2029
- Table 19 : Benefits of Defense Drones
- Table 20 : Global Market for Drone Technology in Defense Applications, by Region, Through 2029
- Table 21 : Global Market for Drone Technology in Commercial Applications, by Region, Through 2029
- Table 22 : Global Market for Drone Technology in Commercial Applications, by Type, Through 2029
- Table 23 : Global Market for Drone Technology in Agricultural Applications, by Region, Through 2029
- Table 24 : Global Market for Drone Technology in Construction and Real Estate Applications, by Region, Through 2029
- Table 25 : Global Market for Drone Technology in Oil and Gas Applications, by Region, Through 2029
- Table 26 : Global Market for Drone Technology in Healthcare Applications, by Region, Through 2029
- Table 27 : Global Market for Drone Technology in Mining and Utility Applications, by Region, Through 2029
- Table 28 : Global Market for Drone Technology in Aviation Applications, by Region, Through 2029
- Table 29 : Global Market for Drone Technology in Media and Entertainment Applications, by Region, Through 2029
- Table 30 : Global Market for Drone Technology in Other Commercial Applications, by Region, Through 2029
- Table 31 : Global Market for Drone Technology in Government Sector Applications, by Region, Through 2029
- Table 32 : Global Market for Drone Technology in Government Sector Applications, by Type, Through 2029
- Table 33 : Global Market for Drone Technology in Search and Rescue Operations, by Region, Through 2029
- Table 34 : Global Market for Drone Technology in Police Operation Applications, by Region, Through 2029
- Table 35 : Global Market for Drone Technology in Traffic Monitoring Applications, by Region, Through 2029
- Table 36 : Global Market for Drone Technology in Firefighting and Disaster Management Applications, by Region, Through 2029
- Table 37 : Global Market for Drone Technology in Other Government Sector Applications, by Region, Through 2029
- Table 38 : Global Market for Drone Technology in Consumer Applications, by Region, Through 2029
- Table 39 : Global Market for Drone Technology, by Region, Through 2029
- Table 40 : North American Market for Drone Technology, by Offering, Through 2029
- Table 41 : North American Market for Drone Technology, by Product, Through 2029
- Table 42 : North American Market for Drone Technology, by Type, Through 2029
- Table 43 : North American Market for Drone Technology, by Application, Through 2029
- Table 44 : North American Market for Drone Technology in Commercial Applications, by Type, Through 2029
- Table 45 : European Market for Drone Technology, by Offering, Through 2029
- Table 46 : European Market for Drone Technology, by Product, Through 2029
- Table 47 : European Market for Drone Technology, by Type, Through 2029
- Table 48 : European Market for Drone Technology, by Application, Through 2029
- Table 49 : European Market for Drone Technology in Commercial Applications, by Type, Through 2029
- Table 50 : Asia-Pacific Market for Drone Technology, by Offering, Through 2029
- Table 51 : Asia-Pacific Market for Drone Technology, by Product, Through 2029
- Table 52 : Asia-Pacific Market for Drone Technology, by Type, Through 2029
- Table 53 : Asia-Pacific Market for Drone Technology, by Application, Through 2029
- Table 54 : Asia-Pacific Market for Drone Technology in Commercial Applications, by Type, Through 2029
- Table 55 : RoW Market for Drone Technology, by Sub-Region, Through 2029
- Table 56 : RoW Market for Drone Technology, by Offering, Through 2029
- Table 57 : RoW Market for Drone Technology, by Product, Through 2029
- Table 58 : RoW Market for Drone Technology, by Type, Through 2029
- Table 59 : RoW Market for Drone Technology, by Application, Through 2029
- Table 60 : RoW Market for Drone Technology in Commercial Applications, by Type, Through 2029
- Table 61 : Leading Providers of Drone Technology, 2023
- Table 62 : ESG Risk Ratings, by Company, 2023
- Table 63 : Abbreviations Used in the Report
- Table 64 : AeroVironment Inc.: Company Snapshot
- Table 65 : AeroVironment Inc.: Financial Performance, FY 2022 and 2023
- Table 66 : AeroVironment Inc.: Product Portfolio
- Table 67 : AeroVironment Inc.: News/Key Developments, 2024
- Table 68 : Airbus: Company Snapshot
- Table 69 : Airbus: Financial Performance, FY 2022 and 2023
- Table 70 : Airbus: Product Portfolio
- Table 71 : Boeing: Company Snapshot
- Table 72 : Boeing: Financial Performance, FY 2022 and 2023
- Table 73 : Boeing: Product Portfolio
- Table 74 : Delair: Company Snapshot
- Table 75 : Delair: Product Portfolio
- Table 76 : Delair: News/Key Developments, 2023
- Table 77 : DJI: Company Snapshot
- Table 78 : DJI: Product Portfolio
- Table 79 : DJI: News/Key Developments, 2023
- Table 80 : Draganfly Innovations Inc.: Company Snapshot
- Table 81 : Draganfly Innovations Inc.: Financial Performance, FY 2022 and 2023
- Table 82 : Draganfly Innovations Inc.: Product Portfolio
- Table 83 : Drone Destination Ltd.: Company Snapshot
- Table 84 : Drone Destination Ltd.: Financial Performance, FY 2022 and 2023
- Table 85 : Drone Destination Ltd.: Product Portfolio
- Table 86 : Drone Harmony AG: Company Snapshot
- Table 87 : Drone Harmony AG: Product Portfolio
- Table 88 : Dronevolt: Company Snapshot
- Table 89 : Dronevolt: Financial Performance, FY 2022 and 2023
- Table 90 : Dronevolt: Product Portfolio
- Table 91 : EHang: Company Snapshot
- Table 92 : EHang: Financial Performance, FY 2022 and 2023
- Table 93 : EHang: Product Portfolio
- Table 94 : Freefly Systems: Company Snapshot
- Table 95 : Freefly Systems: Product Portfolio
- Table 96 : Freefly Systems: News/Key Developments, 2023
- Table 97 : Hubsan: Company Snapshot
- Table 98 : Hubsan: Product Portfolio
- Table 99 : IdeaForge Technology Ltd.: Company Snapshot
- Table 100 : IdeaForge Technology Ltd.: Financial Performance, FY 2022 and 2023
- Table 101 : IdeaForge Technology Ltd.: Product Portfolio
- Table 102 : Insitu: Company Snapshot
- Table 103 : Insitu: Product Portfolio
- Table 104 : Insitu: News/Key Developments, 2023
- Table 105 : InsideFPV Ventures Pvt. Ltd.: Company Snapshot
- Table 106 : InsideFPV Ventures Pvt. Ltd.: Product Portfolio
- Table 107 : Kespry: Company Snapshot
- Table 108 : Kespry: Product Portfolio
- Table 109 : MMC: Company Snapshot
- Table 110 : MMC: Product Portfolio
- Table 111 : Parrot Drone SAS: Company Snapshot
- Table 112 : Parrot Drone SAS: Financial Performance, FY 2022 and 2023
- Table 113 : Parrot Drone SAS: Product Portfolio
- Table 114 : Parrot Drone SAS: News/Key Developments, 2024
- Table 115 : PowerVision Inc.: Company Snapshot
- Table 116 : PowerVision Inc.: Product Portfolio
- Table 117 : Skydio Inc.: Company Snapshot
- Table 118 : Skydio Inc.: Product Portfolio
- Table 119 : Skydio Inc.: News/Key Developments, 2023
- Table 120 : Yuneec: Company Snapshot
- Table 121 : Yuneec: Product Portfolio
List of Figures
- Summary Figure : Share of Global Market for Drone Technology, by Region, 2023
- Figure 1 : Drone Technology Market: Value Chain Analysis
- Figure 2 : Porter's Five Forces Analysis: Schematic Representation
- Figure 3 : Drone Technology Market: Bargaining Power of Suppliers
- Figure 4 : Drone Technology Market: Bargaining Power of Consumers
- Figure 5 : Drone Technology Market: Threat of New Entrants
- Figure 6 : Drone Technology Market: Competitive Rivalry
- Figure 7 : Drone Technology Market Dynamics
- Figure 8 : Emerging Drone Technologies
- Figure 9 : Share of Published Patents and Patent Applications on UAV-related Technology, by Assignee Country, January 2021-July 2024
- Figure 10 : Share of Global Market for Drone Technology, by Offering, 2023
- Figure 11 : Share of Global Market for Drone Hardware, by Region, 2023
- Figure 12 : Share of Global Market for Drone Software, by Region, 2023
- Figure 13 : Share of Global Market for Drone Services, by Region, 2023
- Figure 14 : Share of Global Market for Drone Technology, by Product, 2023
- Figure 15 : Share of Global Market for Fixed-Wing Drones, by Region, 2023
- Figure 16 : Share of Global Market for Rotary Blade Drones, by Region, 2023
- Figure 17 : Share of Global Market for Hybrid Drones, by Region, 2023
- Figure 18 : Share of Global Market for Drone Technology, by Type, 2023
- Figure 19 : Share of Global Market for UAVs, by Region, 2023
- Figure 20 : Share of Global Market for UUVs, by Region, 2023
- Figure 21 : Share of Global Market for UGVs, by Region, 2023
- Figure 22 : Share of Global Market for USVs, by Region, 2023
- Figure 23 : Share of Global Market for Drone Technology, by Application, 2023
- Figure 24 : Share of Global Market for Drone Technology in Defense Applications, by Region, 2023
- Figure 25 : Share of Global Market for Drone Technology in Commercial Applications, by Region, 2023
- Figure 26 : Share of Global Market for Drone Technology in Commercial Applications, by Type, 2023
- Figure 27 : Share of Global Market for Drone Technology in Agricultural Applications, by Region, 2023
- Figure 28 : Share of Global Market for Drone Technology in Construction and Real Estate Applications, by Region, 2023
- Figure 29 : Share of Global Market for Drone Technology in Oil and Gas Applications, by Region, 2023
- Figure 30 : Share of Global Market for Drone Technology in Healthcare Applications, by Region, 2023
- Figure 31 : Share of Global Market for Drone Technology in Mining and Utility Applications, by Region, 2023
- Figure 32 : Share of Global Market for Drone Technology in Aviation Applications, by Region, 2023
- Figure 33 : Share of Global Market for Drone Technology in Media and Entertainment Applications, by Region, 2023
- Figure 34 : Share of Global Market for Drone Technology in Other Commercial Applications, by Region, 2023
- Figure 35 : Share of Global Market for Drone Technology in Government Sector Applications, by Region, 2023
- Figure 36 : Share of Global Market for Drone Technology in Government Sector Applications, by Type of Application, 2023
- Figure 37 : Share of Global Market for Drone Technology in Search and Rescue Operations, by Region, 2023
- Figure 38 : Share of Global Market for Drone Technology in Police Operation Applications, by Region, 2023
- Figure 39 : Share of Global Market for Drone Technology in Traffic Monitoring Applications, by Region, 2023
- Figure 40 : Share of Global Market for Drone Technology in Firefighting and Disaster Management Applications, by Region, 2023
- Figure 41 : Share of Global Market for Drone Technology in Other Government Sector Applications, by Region, 2023
- Figure 42 : Share of Global Market for Drone Technology in Consumer Applications, by Region, 2023
- Figure 43 : Share of Global Market for Drone Technology, by Region, 2023
- Figure 44 : Share of North American Market for Drone Technology, by Offering, 2023
- Figure 45 : Share of North American Market for Drone Technology, by Product, 2023
- Figure 46 : Share of North American Market for Drone Technology, by Type, 2023
- Figure 47 : Share of North American Market for Drone Technology, by Application, 2023
- Figure 48 : Share of North American Market for Drone Technology in Commercial Applications, by Type, 2023
- Figure 49 : Share of European Market for Drone Technology, by Offering, 2023
- Figure 50 : Share of European Market for Drone Technology, by Product, 2023
- Figure 51 : Share of European Market for Drone Technology, by Type, 2023
- Figure 52 : Share of European Market for Drone Technology, by Application, 2023
- Figure 53 : Share of European Market for Drone Technology in Commercial Applications, by Type, 2023
- Figure 54 : Share of Asia-Pacific Market for Drone Technology, by Offering, 2023
- Figure 55 : Share of Asia-Pacific Market for Drone Technology, by Product, 2023
- Figure 56 : Share of Asia-Pacific Market for Drone Technology, by Type, 2023
- Figure 57 : Share of Asia-Pacific Market for Drone Technology, by Application, 2023
- Figure 58 : Share of Asia-Pacific Market for Drone Technology in Commercial Applications, by Type, 2023
- Figure 59 : Share of RoW Market for Drone Technology, by Sub-Region, 2023
- Figure 60 : Share of RoW Market for Drone Technology, by Offering, 2023
- Figure 61 : Share of RoW Market for Drone Technology, by Product, 2023
- Figure 62 : Share of RoW Market for Drone Technology, by Type, 2023
- Figure 63 : Share of RoW Market for Drone Technology, by Application, 2023
- Figure 64 : Share of RoW Market for Drone Technology in Commercial Applications, by Type, 2023
- Figure 65 : AeroVironment Inc.: Revenue Share, by Business Unit, 2023
- Figure 66 : AeroVironment Inc.: Revenue Share, by Region, 2023
- Figure 67 : Airbus: Revenue Share, by Business Unit, 2023
- Figure 68 : Airbus: Revenue Share, by Country/Region, 2023
- Figure 69 : Boeing: Revenue Share, by Business Unit, 2023
- Figure 70 : Boeing: Revenue Share, by Country/Region, 2023
- Figure 71 : Draganfly Innovations Inc.: Revenue Share, by Business Unit, 2023
- Figure 72 : Draganfly Innovations Inc.: Revenue Share, by Country/Region, 2023
- Figure 73 : EHang: Revenue Share, by Business Unit, 2023
- Figure 74 : EHang: Revenue Share, by Country/Region, 2023
- Figure 75 : IdeaForge Technology Ltd.: Revenue Share, by Business Unit, 2023
- Figure 76 : IdeaForge Technology Ltd.: Revenue Share, by Country/Region, 2023
- Figure 77 : Parrot Drone SAS: Revenue Share, by Business Unit, 2023
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