Global Fishing Drones Market Projected to Surpass $1.59 Billion by 2029 with 12.3% Annual Growth

Which drivers are expected to have the greatest impact on the over the fishing drones market's growth?
The accelerated interest in aquaculture is predicted to directly contribute to the expansion of the fishing drone market. Aquaculture encompasses the controlled cultivation, breeding, and harvesting of fish, shellfish, and other underwater creatures, predominantly for commercial use. The mounting demand for seafood, shrinking reserves of wild fish, along with advancements in technology are fostering aquaculture's need. Fishing drones enhance operational effectiveness, increase productivity, and support sustainable management practices within the aquaculture sector. As stated by the Food and Agriculture Organization, a US government entity, in December 2022, the expectation is to hit 106 million metric tons in aquaculture production by 2030. This prediction marks a 22% increase or an escalation of almost 19 million metric tons compared to the figures for 2020. Hence, the growing interest in aquaculture is fuelling the development of the fishing drone market.

Get Your Fishing Drones Market Report Here:
https://www.thebusinessresearchcompany.com/report/fishing-drones-global-market-report

What is the future CAGR of the fishing drones market, and how will it impact industry expansion?
The market for fishing drones has seen substantial expansion in the past few years. It is forecasted to increase from a size of $0.89 billion in 2024 to reach $1 billion by 2025, boasting a compound annual growth rate (CAGR) of 12.1%. The unprecedented growth during the historical period can be ascribed to the escalating demand for environment-friendly fishing methods, growing anxiety regarding illicit fishing activities, regulatory endorsement for remote tracking of fishing areas, and an increased uptake of unmanned aerial vehicles.

The market size for fishing drones is predicted to experience swift expansion in the coming years. The market value is projected to increase to $1.59 billion by 2029, expanding at a compound annual growth rate (CAGR) of 12.3%. The growth during the forecasted period can be ascribed to a shift towards hybrid and solar-powered fishing drones, real-time monitoring of seafood supply chains, the development of multi-sensor payloads, the rise in the usage of swarm intelligence, and the growth of subscription-based services. Noteworthy trends during the forecast period include the incorporation of artificial intelligence for improved fishing drone functionality, the growth of the aquaculture industry leading to increased demand for drone-based surveillance solutions, the emergence of independent drone fleets for large-scale fishing activities, partnerships between the fishing industry and technology firms to create specialized fishing drones, and increased investment in research and development for future fishing drone technologies.

Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=14377&type=smp

What are the emerging trends shaping the future of the fishing drones market?
Leading businesses in the fishing drones industry are focusing on bringing innovative advancements like the FD3 Waterproof Fishing Drone to the table. This development primarily aims at curtailing illegal fishing while championing for safeguarding marine ecosystems and endorsing sustainable fishing methods. This piece of equipment is exclusively designed to enhance the productivity and success rates of fishermen, marking a substantial transformation in fishing technology for sporting fans. For instance, in December 2023, Urban Drones, a US company involved in configuring unmanned aerial systems, along with SwellPro, a waterproof and resilient drones manufacturer from China, unveiled the FD3 waterproof fishing drone which intends to bring a dramatic shift in fishing technology for sport enthusiasts. The drone has two models - a high-end variant with a 4K camera video system and a standard model specifically for bait carriage. These drones boast features such as autopilot functionality through the FDFly APP, a casting range of 1 mile, and an IP67 rating for saltwater resistance. This drone further enhances the fishing experience by making it more streamlined, easy, and fun for those anglers eager to adopt cutting-edge technology in their fishing efforts.

Which key market segments comprise the fishing drones market and drive its revenue growth?
The fishing drones market covered in this report is segmented -

1) By Type: Fixed Wing, Rotary Wing
2) By Payload Capacity: Below 1 Kg, 1 To 2 Kg, Above 2 Kg
3) By Application: Commercial Fishing, Recreational Fishing, Other Applications

Subsegments:
1) By Fixed Wing: Long-Endurance Fixed Wing Drones, Short-Endurance Fixed Wing Drones
2) By Rotary Wing: Quadcopters, Hexacopters, Octocopters

Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=14377

What regions are at the forefront of fishing drones market expansion?
North America was the largest region in the fishing drones market in 2024. The regions covered in the fishing drones market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Who are the leading players fueling growth in the fishing drones market?
Major companies operating in the fishing drones market are 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

Customize Your Report - Get Tailored Market Insights!
https://www.thebusinessresearchcompany.com/sample.aspx?id=14377&type=smp

What Is Covered In The Fishing Drones Global Market Report?

• Market Size Forecast: Examine the fishing drones market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the fishing drones market for a structured understanding.
• Key Players Overview: Analyze major players in the fishing drones market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the fishing drones market.
• Segment Contributions: Evaluate how different segments drive overall growth in the fishing drones market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the fishing drones market.
• Industry Challenges: Identify potential risks and obstacles affecting the fishing drones market.
• Competitive Landscape: Review strategic developments in the fishing drones market, including expansions, agreements, and new product launches.

Connect with 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.

Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.