Autonomous Drones Market Opportunities And Strategies 2024-2033 - Size, Growth Analysis, Outlook, Overview

"The Business Research Company recently released a comprehensive report on the Global Autonomous Drones Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

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According to The Business Research Company's, The autonomous drones market size has grown exponentially in recent years. It will grow from $17.09 billion in 2023 to $20.74 billion in 2024 at a compound annual growth rate (CAGR) of 21.4%. The growth in the historic period can be attributed to technological advancements, increased demand for aerial surveillance, lower costs of drone components, growth in the defense sector, and expansion of commercial applications.

The autonomous drones market size is expected to see exponential growth in the next few years. It will grow to $45.26 billion in 2028 at a compound annual growth rate (CAGR) of 21.5%. The growth in the forecast period can be attributed to rising interest in delivery services, advances in artificial intelligence (AI) and machine learning, regulatory changes favoring drone use, increasing investments in drone technology, and growth in infrastructure and construction sectors. Major trends in the forecast period include enhanced automation and AI integration, expansion in consumer and enterprise use cases, increasing use of drones for agriculture and environmental monitoring, development of new regulatory frameworks, and growth in international markets.

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Market Drivers and Trends:

The increasing use of drones in commercial applications is expected to propel the growth of the autonomous drone market going forward. The commercial use of drones involves deploying unmanned aerial vehicles (UAVs) across various industries to perform tasks more efficiently, safely, and cost-effectively than traditional methods. This increased adoption is fueled by technological advancements, reduced costs, clearer regulations, and the significant advantages drones offer in terms of efficiency, safety, and affordability compared to conventional approaches. Autonomous drones are increasingly used in commercial applications to perform tasks such as aerial surveying, delivery, and inspection with minimal human intervention, enhancing efficiency and reducing operational costs. For instance, in May 2023, according to the UK drone survey consisting of 2,000 adults conducted by the Civil Aviation Authority (CAA), a UK-based government authority that oversees aviation activities to ensure safety and regulatory compliance, drone users across the UK increased to 5% in 2023 compared to 3% in 2021. Commercial deliveries using drones are expected to grow by 30% in 10 years, compared to 13% in 5 years. Moreover, filming and media drone users are expected to grow from 42% in 2022 to 46% in 2023. Therefore, the increasing use of drones in commercial applications is driving the growth of the autonomous drone market.

Major companies operating in the autonomous drone market are focusing on artificial intelligence-integrated autonomy and decision-making, such as AI-powered subject tracking, to enhance precision and efficiency in capturing dynamic footage without manual control. AI-powered subject tracking is a technology that utilizes artificial intelligence to automatically identify and follow a specific object or person within a camera's frame, enabling drones or cameras to maintain focus and ensure smooth and accurate tracking without manual adjustments. For instance, in September 2024, SZ DJI Technology Co., Ltd., a China-based technology company, launched the Neo, its lightest and most compact drone at 135g, featuring AI-powered subject tracking, quickshots, and 4K ultra-stabilized video. The drone can be launched directly from the palm without a remote, capturing 12 MP stills and offering a flight time of up to 18 minutes. It includes six intelligent shooting modes, advanced video stabilization, and can be paired with the DJI Fly app, remote controllers, or DJI goggles for enhanced control and immersive experiences.

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Major Key Players of the Market:

Lockheed Martin Corporation, Hexagon AB, DJI Technology Co. Ltd., Yuneec International Co. Ltd., Aerovironment Inc., Holy Stone Technology Co. Ltd., Skydio Inc., Zipline International Inc., Autel Robotics, Parrot Drones S.A., Quantum Systems GmbH, Wingcopter GmbH, Propeller Aero Inc., DroneDeploy Inc., Dronamics Ltd., Ouster Inc., Brinc Drones, Flyability SA, Easy Aerial Inc., Delair AG, JOUAV Technology Co. Ltd., SkySafe Inc., Aerialtronics B.V., Cleo Robotics Inc., Corvus Robotics Inc., Robodub LLC, ModalAI Inc., Skyfront Inc.

Autonomous Drones Market 2024 Key Insights:

• The autonomous drones market size is expected to see exponential growth in the next few years. It will grow to $45.26 billion in 2028 at a compound annual growth rate (CAGR) of 21.5%.
• Rising Commercial Drone Usage Driving Growth In Autonomous Drone Market
• AI-Powered Subject Tracking For Enhanced Precision And Dynamic Footage
• North America was the largest region in the autonomous drone market in 2023

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Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Learn More About The Business Research Company

The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.

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