Drones Market Report to 2027: A $43+ Billion Opportunity - IMARCGroup.com

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.

Report Metric
Historical: 2016-2021
Base Year: 2021
Forecast Year: 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.

Unmanned aerial vehicles (UAVs), commonly referred to as drones, are pilotless aircraft that are operated remotely or automatically. Lightweight composite materials are used in its construction to reduce weight and improve manoeuvrability. Currently, they are frequently utilised for weather monitoring, firefighting, rescue efforts, and information gathering across a variety of end use sectors.

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Market Trends:

One of the main factors boosting the need for drones around the world for surveying lands, enhancing safety, avoiding hazardous circumstances, and delivering continuous and reliable topographic updates is the significant rise of the construction industry. They are also widely used in the defence and military sectors to detect security and terrorism-related concerns and improve the capabilities of security personnel. In addition, the demand for drones to track livestock movement and crop status in real-time is being sparked by the growing use of advanced agricultural practises. In addition, the demand for drones is expected to grow in the entertainment and media sector for filming and capturing images at theme parks, athletic 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
Hybrid

Market Breakup by Component:

Hardware
Software
Accessories

Market Breakup by Payload:

170 Kilograms

Market Breakup by Point of Sale:

Original Equipment Manufacturers (OEM)
Aftermarket

Market Breakup by End-Use Industry:

Construction
Agriculture
Military and Defense
Law Enforcement
Logistics
Media and Entertainment
Others

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.

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