Press release
Fishing Drones Global Market Size, Revenue, Growth, Industry Insights, Regional Analysis and Forecast Till 2033 | Skydio Inc., Parrot SA, PrecisionHawk Inc., Teledyne Marine, Saildrone Inc.
Fishing Drones Global Market
According to The Business Research Company's, The fishing drones market size has grown rapidly in recent years. It will grow from $ 0.79 billion in 2023 to $0.89 billion in 2024 at a compound annual growth rate (CAGR) of 12.5%. The growth in the historic period can be attributed to growing demand for sustainable fishing practices, increasing concerns over illegal fishing activities, regulatory support for remote monitoring of fishing zones, rising adoption of unmanned aerial vehicles.
The fishing drones market size is expected to see rapid growth in the next few years. It will grow to $1.41 billion in 2028 at a compound annual growth rate (CAGR) of 12.2%. The growth in the forecast period can be attributed to shift towards hybrid and solar-powered fishing drones, transparent tracking of seafood supply chain, evolution of multi-sensor payloads, increasing use of swarm intelligence, growth of subscription-based services. Major trends in the forecast period include integration of artificial intelligence for enhanced fishing drone capabilities, expansion of aquaculture industry driving demand for drone-based monitoring solutions, emergence of autonomous drone fleets for large-scale fishing operations, collaborations between fishing industry and tech companies to develop specialized fishing drones, rising investments in research and development for next-generation fishing drone technologies.
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Market Drivers and Trends:
The rising demand for aquaculture is expected to propel the growth of the fishing drone market going forward. Aquaculture refers to the practice of cultivating, breeding, and harvesting fish, shellfish, and other aquatic animals under controlled conditions, typically for commercial purposes. The combination of increasing demand for seafood, declining wild fish stocks, and technological advancements is boosting the demand for aquaculture. Fishing drones are used to improve operational efficiency, enhance productivity, and ensure sustainable management practices in aquaculture. For instance, in December 2022, according to the Food and Agriculture Organization, a US-based government agency, aquaculture production was projected to reach 106 million metric tons by 2030, representing a 22% increase or nearly 19 million metric tons compared to the levels recorded in 2020. Therefore, the rising demand for aquaculture is driving the growth of the fishing drone market.
Major companies operating in the fishing drones market are concentrating on the development of innovative advancement solutions, such as the FD3 Waterproof Fishing Drone, to combat illegal fishing, protect marine environments, and promote sustainable fishing practices. It is a device specifically engineered for fishermen seeking to improve their efficiency and success rate, and it is an innovative advancement in fishing technology for sport enthusiasts. For instance, in December 2023, Urban Drones, a US-based unmanned aerial systems configuration company, in partnership with SwellPro, a China-based manufacturer of waterproof and rugged drones, introduced the FD3 waterproof fishing drone, which is designed to revolutionize fishing technology for sport enthusiasts. It comes in two versions- an advanced version with a 4K camera video system and a basic version dedicated to carrying baits. These drones are equipped with features like autopilot capabilities through the FDFly APP, a 1-mile casting range, and an IP67 waterproof rating for saltwater-proof operation. Additionally, this drone makes fishing more efficient, convenient, and enjoyable for anglers seeking to leverage the latest technology in their fishing endeavors.
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Major Key Players of the Market:
Yaskawa Electric Corporation, Kongsberg Maritime AS, Oceaneering International Inc., SZ DJI Technology Co. Ltd., Yuneec International Co. Ltd., AeroVironment Inc., Skydio Inc., Sonardyne International Ltd., Parrot SA, Autel Robotics USA LLC, Kraken Robotic Systems Inc., PrecisionHawk Inc., Teledyne Marine, SwellPro Technology Ltd., Saildrone Inc., Bluefin Robotics Corporation, Blue Robotics, PowerVision Technology Group, Draganfly Innovations Inc., SeaDrone Systems, EvoLogics GmbH, Marine Technologies Inc., Blueye Robotics AS, Hydromea AG, Underwater Dynamics Pty Ltd., Triton Submarines LLC
Fishing Drones Market 2024 Key Insights:
• The Fishing Drones Market is expected to grow to $1.41 billion in 2028 at a compound annual growth rate (CAGR) of 12.2%.
• Rising Demand For Aquaculture Driving Growth Of Fishing Drone Market
• Innovative Advancement In Fishing Technology Revolutionizing The Fishing Drone Market
• North America was the largest region in the fishing drones market in 2023. The regions covered in the fishing drones market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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