Industrial Drones Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2024

Description

The Global Industrial Drones Market was valued at USD 15.3 billion in 2023 and projections estimate a CAGR of 6.5% from 2024 to 2032. Technological advancements in sensors and cameras, such as high-resolution imaging, LiDAR, and thermal cameras, are augmenting drones' capabilities for detailed inspections, surveying, and monitoring. Artificial intelligence (AI) and machine learning integrations are empowering drones to autonomously execute intricate tasks, including obstacle avoidance, real-time data analysis, and advanced navigation. This evolution not only boosts operational efficiency but also broadens the spectrum of applications. Furthermore, when paired with advanced data analytics platforms, drones are helping industries extract actionable insights from their data.

This is especially pronounced in sectors like agriculture, mining, and infrastructure. In precision agriculture, drones are pivotal for crop monitoring, soil analysis, and precision spraying, driven by the demand for efficient, data-centric farming. While the industrial drone market traditionally thrived in established regions, it is now witnessing a surge in emerging markets across Asia-Pacific, Latin America, and Africa, fueled by rising industrialization and infrastructure initiatives. The overall industry is divided into type, payload capacity, propulsion type, end-use industry, distribution channel, and region.

In 2023, fixed-wing drones, valued at over USD 7 billion, are projected to soar to USD 12.6 billion by 2032. Their aerodynamic design grants them superior flight endurance and expansive coverage, making them prime candidates for large-scale mapping, surveying, and environmental monitoring. On the other hand, rotary-wing drones, such as quadcopters and hexacopters, boast versatility, allowing them to hover and navigate with precision. This makes them indispensable for detailed inspections, especially in infrastructure and construction. Medium payload drones dominated the market with a 45% share in 2023. These drones, capable of carrying heavy equipment like high-resolution cameras and LiDAR systems, cater to complex applications demanding extensive data collection.

Market Scope
Start Year	2023
Forecast Year	2024-2032
Start Value	$15.3 Billion
Forecast Value	$26.9 Billion
CAGR	6.5%

Their enhanced payload capacity also allows for prolonged missions with added equipment or multiple sensors. North America industrial drones market, valued at over USD 4 billion in 2023, is on track to hit USD 67.2 billion by 2032. The U.S. and Canada have pioneered clear and adaptive regulatory frameworks for drone operations. With guidelines and certifications from the Federal Aviation Administration (FAA) in the U.S. and Transport Canada, the commercial use of drones is not only facilitated but actively encouraged, bolstering industry adoption.

Product Code: 11367

Chapter 1 Methodology & Scope

1.1 Market scope & definitions
1.2 Base estimates & calculations
1.3 Forecast calculations
1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
  - 1.4.2.1 Paid sources
  - 1.4.2.2 Public sources

Chapter 2 Executive Summary

2.1 Industry 360° synopsis, 2021-2032

Chapter 3 Industry Insights

3.1 Industry ecosystem analysis
- 3.1.1 Factor affecting the value chain
- 3.1.2 Profit margin analysis
- 3.1.3 Disruptions
- 3.1.4 Future outlook
- 3.1.5 Manufacturers
- 3.1.6 Distributors
3.2 Supplier landscape
3.3 Profit margin analysis
3.4 Raw material analysis
3.5 Key news & initiatives
3.6 Regulatory landscape
3.7 Impact forces
- 3.7.1 Growth drivers
  - 3.7.1.1 Government regulations
  - 3.7.1.2 Cost saving trends
  - 3.7.1.3 Advancements in technology
  - 3.7.1.4 Increasing functionality and data optics trends
- 3.7.2 Industry pitfalls & challenges
  - 3.7.2.1 Regulatory and compliance issues
  - 3.7.2.2 High initial costs
3.8 Growth potential analysis
3.9 Porter's analysis
3.10 PESTEL analysis

Chapter 4 Competitive Landscape, 2023

4.1 Introduction
4.2 Company market share analysis
4.3 Competitive positioning matrix
4.4 Strategic outlook matrix

Chapter 5 Market Estimates & Forecast, By Type, 2021-2032 (USD Billion) (Million Units)

5.1 Key trends
5.2 Fixed wing drones
5.3 Rotary wing drones
5.4 Hybrid wing drones

Chapter 6 Market Estimates & Forecast, By Payload Capacity, 2021-2032 (USD Billion) (Million Units)

6.1 Key trends
6.2 Lightweight drones (25kg - 100kg)
6.3 Medium payload drones (100 kg-300kg)
6.4 Heavy duty drones (Above 300kg)

Chapter 7 Market Estimates & Forecast, By Propulsion Type, 2021-2032 (USD Billion) (Million Units)

7.1 Key trends
7.2 Gasoline
7.3 Electric
7.4 Hybrid

Chapter 8 Market Estimates & Forecast, By End-use, 2021-2032 (USD Billion) (Million Units)

8.1 Key trends
8.2 Agriculture
8.3 Construction
8.4 Mining
8.5 Oil & gas
8.6 Energy
8.7 Logistics and transportation
8.8 Others (telecommunications, etc.)

Chapter 9 Market Estimates & Forecast, By Distribution Channel, 2021-2032 (USD Billion) (Million Units)

9.1 Key trends
9.2 Direct
9.3 Indirect

Chapter 10 Market Estimates & Forecast, By Region, 2021-2032 (USD Billion) (Million Units)

10.1 Key trends
10.2 North America
- 10.2.1 U.S.
- 10.2.2 Canada
10.3 Europe
- 10.3.1 UK
- 10.3.2 Germany
- 10.3.3 France
- 10.3.4 Italy
- 10.3.5 Spain
- 10.3.6 Russia
- 10.3.7 Rest of Europe
10.4 Asia Pacific
- 10.4.1 China
- 10.4.2 India
- 10.4.3 Japan
- 10.4.4 South Korea
- 10.4.5 Australia
- 10.4.6 Rest of Asia Pacific
10.5 Latin America
- 10.5.1 Brazil
- 10.5.2 Mexico
- 10.5.3 Rest of Latin America
10.6 MEA
- 10.6.1 South Africa
- 10.6.2 Saudi Arabia
- 10.6.3 UAE
- 10.6.4 Rest of MEA

Chapter 11 Company Profiles

11.1 AeroVironment
11.2 AgEagle Aerial Systems
11.3 Delair
11.4 DJI
11.5 DroneDeploy
11.6 Flyability
11.7 Hensoldt
11.8 Hexagon AB
11.9 Insitu
11.10 Parrot
11.11 Quantum Systems
11.12 SenseFly
11.13 Skyward
11.14 Teledyne FLIR
11.15 Yuneec

Industrial Drones Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2024 - 2032