What is the current market size and future outlook for the drones market?
The drones market size has grown exponentially in recent years. It will grow from $36.7 $ billion in 2024 to $44.32 $ billion in 2025 at a compound annual growth rate (CAGR) of 20.8%. The growth in the historic period can be attributed to increased efficiency in transportation, a rise in drone applications, increased capabilities of drone platforms, and increased usage for surveillance.
The drones market size is expected to see exponential growth in the next few years. It will grow to $93.1 $ billion in 2029 at a compound annual growth rate (CAGR) of 20.4%. The growth in the forecast period can be attributed to growing emphasis on sustainability and environmental protection, rising demand for photographic surveillance, the growing popularity of drone racing, and its increasing use in commercial and recreational settings. Major trends in the forecast period include the adoption of drones in the commercial sector, advancements in drone technology, technological advancements in communication systems, collaborations, and partnerships.
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How has the drones market evolved, and what factors have shaped its growth?
The expansion of the commercial sector is expected to propel the growth of the drone market going forward. The commercial sector refers to businesses and industries that sell and distribute goods and services for profit. The expansion of the commercial sector is due to the increasing interconnectedness of global markets, changing consumer preferences and rising disposable incomes, access to venture capital, private equity, and other forms of investment, and reforms in regulations and policies. Drones are helpful for the commercial sector by increasing efficiency and reducing costs in tasks such as inspections and deliveries while also providing enhanced data collection and improving safety in hazardous environments. For instance, in May 2024, according to the UK parliament, a US-based legislative body of the United Kingdom, the number of private sector businesses in the UK reached 5.6 million in January 2023, marking a 0.8% rise compared to 2022. Therefore, the expansion of the commercial sector is driving the growth of the drone market.
What are the major segments of the drones market?
The dronesmarket covered in this report is segmented –
1) By Type: Rotary Blade, Fixed Wing, Hybrid
2) By Propulsion Type: Heat Engine, Electrical Engine, Jet Engines, Other Propulsion Types
3) By Application: Industrial, Terrestrial Imagery And Mapping, Precision Agriculture, Inspection And Monitoring, Other Applications
4) End User: Agriculture, Construction And Infrastructure Industry, Media And Entertainment, Logistics And Transportation, Defense And Military, Others End Users
Subsegments:
1) By Rotary Blade Drones: Rotary Blade Drones, Quadcopters, Hexacopters, Octocopters, Tricopters, Single Rotor Helicopters
2) By Fixed Wing Drones: Small Fixed-Wing Drones, Medium-Altitude Long-Endurance (MALE) Drones, High-Altitude Long-Endurance (HALE) Drones, Vertical Take-Off and Landing (VTOL) Fixed Wing, Electric Fixed-Wing Drones, Gasoline-Powered Fixed-Wing Drones
3) By Hybrid Drones: Tilt-Rotor Drones, Quadplane Drones, Compound Hybrid Drones, VTOL (Vertical Take-Off and Landing) Hybrid Drones
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Which companies dominate the drones market?
Major companies operating in the drones market are Sony Group Corporation, Lockheed Martin Corporation, Intel Corporation, BAE Systems plc, Leonardo S.p.A., Textron Inc., Northrop Grumman Corporation, Elbit Systems Ltd., Saab AB, General Atomics Aeronautical Systems Inc., FLIR Systems Inc., AgEagle Aerial Systems Inc., SZ DJI Technology Co. Ltd., Kratos Defense & Security Solutions Inc., Insitu Inc., Yuneec International Co. Ltd., AeroVironment Inc., Autel Robotics Co. Ltd., Parrot Drones SAS, Microdrones GmbH, Aereon Group LLC, Skydio Inc., Delair SAS, Terra Drone Corporation, PrecisionHawk Inc., EHang Holdings Limited
How will evolving trends contribute to the growth of the drones market?
Major companies operating in the drone market are focusing on developing technologically advanced solutions, such as all-in-one drone systems, to improve operational efficiency and provide versatile applications across various industries. An all-in-one drone system is a package that integrates multiple functionalities, including flight control, cameras, sensors, and software, into a comprehensive solution for diverse applications. For instance, in October 2023, Verge Aero, a US-based drone manufacturer, launched the Verge Aero X7 drone, a cutting-edge drone designed for exceptional drone shows. It is designed to enhance the aerial entertainment industry with advanced hardware and software features. The X7 aims to simplify the production of drone shows, making it more accessible for individuals and organizations to create displays of varying complexity. With advanced GPS capabilities, rapid charging batteries, and improved weather resistance, the X7 ensures reliable performance in various conditions. Additionally, Verge Aero offers a comprehensive starter package that includes fifty drones and full software access, reinforcing its commitment to democratizing drone technology for a wider audience.
What are the key regional dynamics of the drones market, and which region leads in market share?
North America was the largest region in the drones market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the drones market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The Drones Market Report 2025 Offer?
The drones market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
A drone, also known as an unmanned aerial vehicle (UAV), is a type of aircraft that operates without a human pilot on board. They can be remotely controlled by an operator or operate autonomously through pre-programmed flight plans or onboard sensors. Drones come in various sizes and designs, from small consumer models to large industrial systems, and can be equipped with various sensors, cameras, and other technologies to perform their specific tasks.
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