PUBLISHER: Knowledge Sourcing Intelligence | PRODUCT CODE: 1627908
PUBLISHER: Knowledge Sourcing Intelligence | PRODUCT CODE: 1627908
The Malaysia drone market is expected to grow at a CAGR of 21.42%, reaching a market size of US$12,993.298 million in 2030 from US$4,928.072 million in 2025.
The drone market in Malaysia is growing as drones are increasingly gaining attention among the younger generation and are now seen as exciting recreational options to try. People operate drones for various activities, such as getting breathtaking shots and creating videos (aerial photography and cinematography), entertainment purposes and fun, delivery, and many others. Furthermore, there are sectors like agriculture, military, mining, construction, and many others, where drones are utilized in the country for numerous purposes.
Moreover, the Malaysian government is also supporting the drone market growth while establishing regulations to ensure safe drone operations. These guidelines increase people's assurance in utilizing and investing in drones. Comprehensively, Malaysia's drone market is getting increasingly fascinating, with new developments and innovations being introduced regularly.
Further, the increasing demand for drones in various industries has also increased the market demand and also increased the growth of various other industries. As stated by the World Bank, after the slowdown in Malaysian industries, there has been significant growth in recent years. For instance, the value added by the industries in percentage of GDP increased from 37.72% in 2021 to 39.10% in 2022. This growth is anticipated to majorly impact the drone industry in the region.
Malaysia drone Market Drivers
With the advent of the Internet of Things (IoT), artificial intelligence (AI), and data analytics, the use and applications of drones have grown beyond aerial photography, package delivery, and dazzling drone light displays. Scope for enhancement and advancement of drone technology is envisaged for many sectors, including energy, agriculture, and oil and gas. Due to their manifold merits, drone cameras are expected adopted by both the government and the general public. It is projected that the IoT sector will contribute RM 42.5 billion to GDP by 2025, according to MAMPU. The government stood to gain by investing more in technology as the returns on the Internet of Things (IoT) in the country were increasing even though imports have gone dramatically high.
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