The global fishing drone market is set to enjoy a valuation of US$ 756.0 million in 2023 and further expand at a CAGR of 11.6% to reach US$ 2,265.4 million by the end of 2033.

The global fishing drone market is set to enjoy a valuation of US$ 756.0 million in 2023 and further expand at a CAGR of 11.6% to reach US$ 2,265.4 million by the end of 2033.

In 2023, the global drone market is estimated to have around 7.6 million unit shipments, while the drone market is projected to grow at 15.3% CAGR. In terms of volume, fishing drone will have nearly 169.5 Th units demand. Sales of fishing drone accounted for nearly 2% share of the global drone market, while agriculture drone market is valued at US$ 3,807.0 million in at the end of 2023.

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Market Dynamics

Drivers

Technological Advancements: The integration of GPS, sonar, high-definition cameras, and AI-powered fish identification systems has enhanced the capabilities of fishing drones, making them more efficient and user-friendly.
Increased Payload Capacity: Manufacturers are focusing on developing drones with higher payload capacities, enabling them to carry heavier bait and tackle, thus improving fishing efficiency
Rising Demand for Sustainable Fishing Practices: Fishing drones contribute to sustainable fishing by providing precise data on fish populations and habitats, reducing overfishing and environmental impact.

Challenges

High Initial Costs: The cost of acquiring and maintaining fishing drones can be prohibitive for individual recreational fishermen and small-scale commercial operators. ​
Regulatory Hurdles: Varying regulations across regions regarding drone usage, such as flight restrictions and licensing requirements, pose challenges to market expansion.
Technical Limitations: Issues like limited battery life and the need for specialized training to operate drones effectively can hinder widespread adoption. ​

Market Segmentation

By Type

Rotary Blade Drones: These accounted for over 65% of the market share in 2023 due to their versatility and ease of maneuverability, making them ideal for various fishing applications. ​
Fixed Wing Drones: Favored for their long-range capabilities and efficiency in covering vast fishing areas, suitable for large-scale commercial fishing operations. ​ Hybrid Drones: Combining the advantages of both rotary and fixed-wing drones, offering adaptability and increased operational range. ​ By Payload Capacity
Below 1 Kg: Suitable for recreational fishing, offering affordability and ease of use.​
1 to 2 Kg: Balances portability and the ability to carry necessary fishing equipment, catering to both recreational and small-scale commercial fishing.​
Above 2 Kg: Dominated the market with a 39.4% share in 2023, ideal for heavy-duty commercial fishing operations. ​

By Application

Commercial Fishing: Held a 62% market share in 2023, driven by the need for efficient and cost-effective fishing methods to meet the demand for premium seafood products. ​
Recreational Fishing: Growing interest among hobbyists and sport fishermen is expanding this segment, supported by the availability of user-friendly and affordable drones.​
Others: Includes applications like surveillance, search and rescue, and environmental monitoring, highlighting the versatility of fishing drones. ​

Regional Insights

North America: Accounted for around 34% of the market share in 2023, with the U.S. leading due to technological advancements and increasing adoption among both recreational and commercial fishermen.
Europe: Held a significant market share, driven by established fishing industries and supportive regulatory frameworks.​
Asia-Pacific: Emerging as a lucrative market, particularly in countries like China, where fishing drones are increasingly used in aquaculture operations to improve efficiency and productivity.
Latin America and MEA: These regions are expected to witness growth due to extensive coastal areas and rich marine biodiversity, making them significant for commercial fishing activities.

Key Players

Major companies operating in the fishing drones market include:​

SZ DJI Technology Co., Ltd.​
SwellPro Technology Co., Ltd.​
Aerokontiki​
AguaDrone​
Autel Robotics Co., Ltd.​
Chasing Innovation​
Gannet​
PowerVision​
Rippton​
Yuneec International Co. Ltd.

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Future Outlook

The fishing drones market is poised for substantial growth, fueled by technological innovations and the increasing need for sustainable and efficient fishing practices. As drones become more affordable and user-friendly, their adoption is expected to rise among both commercial and recreational fishermen. However, addressing challenges related to cost, regulations, and technical limitations will be crucial for the market to realize its full potential.​

For a more detailed analysis, you can refer to the full report by Fact.MR: Fishing Drones Market Report.

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