Drone Light Shows Market Report 2024 - Drone Light Shows Market Analysis, Trends, And Forecast

"The Business Research Company recently released a comprehensive report on the Global Drone Light Shows 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 drone light shows market size has grown rapidly in recent years. It will grow from $4.98 billion in 2023 to $5.89 billion in 2024 at a compound annual growth rate (CAGR) of 18.1%. The growth in the historic period can be attributed to entertainment industry collaboration, rise of event marketing, global sporting events, global expansion of drone industry, increased consumer awareness.

The drone light shows market size is expected to see exponential growth in the next few years. It will grow to $12.45 billion in 2028 at a compound annual growth rate (CAGR) of 20.6%. The growth in the forecast period can be attributed to urbanization, customization and personalization, cultural celebrations and festivals, emergence of 5G networks. Major trends in the forecast period include AI-generated choreography, virtual reality integration, health and safety features, space-based drone shows, and integration with smart cities.

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Market Drivers and Trends:
The rising use of drone light shows for social media and movie promotions is expected to propel the growth of the drone light show market going forward. Drone light shows offer a more sustainable way to brighten the night sky where drone fleets can be utilized at numerous events and are free of noise and chemical contamination. On several social media platforms, movie producers are interested in drone light shows and are using drone light shows to promote their shows. For instance, in April 2022, Amazon's Prime Video, a US-based television channel, used 500 drones to create a karaoke show over Rome, which was a unique stunt performed to promote the platform's new original movie Laura Pausini: Piacere di concerti. Further, in November 2021, Cartoon Network, a US-based television channel, lit up the dark sky with a 3D animation of the legendary futurist concept, which was called a black lotus drone light show, for the promotion of its debut show, Blade Runner. Therefore, the rising use of drone light shows for social media and movie promotions drives the growth of the drone light show market.

Major companies operating in the drone light show market are focusing on strategic partnerships to provide reliable services to customers. A strategic partnership is an arrangement between two or more companies or organizations that helps each other or works together to achieve their respective goals. For instance, in January 2021, SKY MAGIC, a Singapore-based, leading drone light show company, partnered with Jack Morton Worldwide, a US-based global brand experience agency, and the Mayor of London's office to develop and organize an innovative light show in London celebrating diverse cultural heritage in the New Year. SKY MAGIC deployed a startling 300 drones with innovative fireworks and lighting for a 10-minute show designed for home viewing and created an extraordinary experience with a dedicated team of experts.

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• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
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• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.

Major Key Players of the Market:
Intel Corporation, Vimdrones Inc Limited, Dronisos SA, Geoscan Group, Pixel Rain Digital Ltd., TAIT Towers Inc., EHang Holdings Limited, Airworks LLC, Flock Limited, Shenzhen Zero UAV Tech Co. Ltd. (Zerotech), Verge Aero Inc., Firefly Drone Shows LLC, X-Laser LLC, HighGreat Technology Co. Ltd., BotLab Dynamics Inc., Sky Elements Drones S.L., Skymagic Global Ltd., SPH Engineering Limited, CollMot Entertainment Kft., Cyberdrone Drone Shows Ltd., Open Sky Productions Pte. Ltd., The BLINK Entertainment Ltd., Drone Light Show Company LLC, FlightShows Inc., Flyby Guys LLC, Shenzhen RYZE Tech Co. Ltd., DJI Technology Co. Ltd., Verity Studios AG, Airstage GmbH, Drona Aviation Pvt Ltd, KMel Robotics LLC, MicroMultiCopter Aero Technology Co. Ltd., Quantum Systems GmbH, Skydio Inc., Volocopter GmbH

Drone Light Shows Market 2024 Key Insights:
• The drone light shows market size is expected to see exponential growth in the next few years. It will grow to $12.45 billion in 2028 at a compound annual growth rate (CAGR) of 20.6%.
• The Soaring Growth Of Drone Light Shows In Social Media And Movie Promotions
• Sky Magic's Strategic Partnership With Jack Morton Worldwide To Elevate Drone Light Shows To New Heights In London's New Year Celebration
• North America was the largest region in the drone light shows market share in 2023

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This release was published on openPR.