Commercial Drone Market

Commercial Drone Market size reached USD 27.5 billion in 2021 and is estimated to reach USD 56.0 billion in 2029 and the market is estimated to grow at a CAGR of 9.3% from 2022-2029 attributed to growing use cases of drones in civil applications and advancements in the field of designs and integrated data intelligence.

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Main Commercial Drone Market Trends and Drivers

Commercial drone market is primarily driven by surge in the demand for small drones in commercial applications like ariel photography, filmmaking and disaster management, advancements in remote sensing technologies and declining prices of drones. Unmanned Ariel Vehicles (UAV), also known as drones, are increasing used in commercial sectors as it can be deployed in hard-to-reach areas and can perform dangerous tasks like inspecting utility pipelines. Governments in various countries are supporting the use of commercial drones for industrial and business purposes and companies operating in different verticals like e-commerce, real-estate and agriculture, are focussing to use these drones to improve their operational efficiency.

Food delivery business has grown rapidly in recent years. In 2021, global online food delivery market was estimated around USD 720 billion, and this figure is projected to double by 2027, as the smartphone adoption and internet penetration are increasing. Application of commercial drones in the online food delivery business in the still in development stage. Companies in United States have already started testing and designing drones for delivery. For instance, Amazon, a major e-commerce company based in United States showcased design for Prime Air’s delivery drone in November 2022. This drone can fly in light rain and comes with temperature tolerance and safety critical features. Company received regulatory approval for drone testing in 2020 and is currently planning to launch its commercial drone services in 2024. As countries are becoming accepting towards the concept of drones in commercial application, its demand for food delivery and other delivery applications, is expected to increase in the future, which will create lucrative growth opportunities for commercial drone market.

In real estate and construction industry drones are majorly used for surveying property, improving safety and preventing accidents on construction sites. Moreover, various companies are focussing to integrate advanced technologies like Artificial Intelligence (AI) and Machine Learning (ML) to provide real time data to clients for effective decision-making. AI powered drones can interact with users, track flying paths of other drones and provide high-speed data analysis, facilitated by predictive learning tools and AI. Advancements in temperature sensors in cameras and 3D mapping software, is projected to have a positive impact on drone industry growth.

Increasing demand for small patrolling drones for marine border security and growing investments by governments and private companies on drone technology, are expected to have positive impact on small commercial drone market. However, growing security concerns related to usage of drones is hampering the commercial drone market growth. Drones are vulnerable to cyber-attacks. Cyber-criminals tries to exploit these drones by using unencrypted data links for navigation and control, to manipulate drones.

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Based on Product Type, Rotary blade segment is expected to hold the largest commercial drone market share.

Rotary blades are increasing used in monitoring, filmmaking and surveillance activities. Furthermore, hybrid drones are gaining traction in the market in the commercial drone market owing to its capability to fly for longer time period while carrying heavy loads. Fixed-wing drones find its application majorly in surveying, terrain modelling and ariel mapping, as it can fly in high altitude.

End-Use: Segment Analysis

Drones are gaining popularity in the logistics sector as it is cost-effective and can deliver goods from warehouses or factories rapidly. Additionally, increasing acceptance amongst consumers towards online shopping and growing demand for smart devices, are some of the major factors boosting the demand for drones in delivery and logistics industry.

According to commercial drone market forecast, filming & photography segment is forecast to lead the market.

In Film industry, drones are becoming popular for recording events and producing different types of movies. Additionally, media outlets use drone to take footages and pictures of breaking news and for covering news in areas which are difficult to reach. According to commercial drone market research report, precision agriculture segment is estimated to expand at fastest CAGR. In the agriculture Farmers are increasingly adopting drones to collect data, capture, automate manual tasks and monitoring field activities.

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As per drone market forecast, North American region is estimated to capture the largest market share.

North America commercial drone market is driven by innovations in drone technology, increasing demand for drones from various end-use industries and government regulations commercial applications of drones. Europe commercial drone market is driven by technological advancements in electronics, growing focus of companies on developing innovative technologies through partnerships and collaborations and increasing adoption of drones for commercial activities.

Top Drone Companies in the world

Various notable players in the commercial drone market are PrecisionHawk USA Inc., BAE Systems PLC, AeroVironment Inc., Ascending Technologies GmbH, Parrot S.A., TRACE Intelligent Systems, DJI, SZ Dajiang Innovations Technology Co. Ltd, 3D Robotics Inc., and Textron Inc., among others.

Key Developments:

• • In January 2023, Autel Robotics introduced its Autel EVO Max 4T drone, which is innovative flying platform designed for both businesses and consumer applications. This drone can further preform semi-autonomous flight missions, livestreaming and target acquisition and comes with multiple smart accessibility features.
  • In September 2022, AeroVironment, an American defense company introduced next-generation VAPOR Helicopter unmanned aircraft system (UAS), VAPOR 55 MX, offering low-profile design which enables helicopters UAS to stay for loner time period and operate in different weather condition.
  • In January 2022, Azur Drones, leading developer of autonomous drones based out of France, announced that it has received funding €8 million, which will help the company to consolidate its leadership and meet the expected increase in deployments.
  • In June 2020, Parrot S.A., announced that it has partnered with Hoverseen, which is a major provider of automatic drone solutions to increase its enterprise security offerings. With this partnership, companies can use Parrot’s ANAFI drone as an automated, drone-in-a-box surveillance solution, which can easily dispatch and charge from lightweight docking and recharging station.
  • In April 2020, AeroVironment Inc., leading manufacturer of UAVs secured contracts of USD 10.7 million to supply Puma 3 drones U.S Navy and Marine Corps. These drones can operate up to 37.2 miles (60 kilometers) and have a wingspan of wingspan of 9.2 feet (2.8 meters).
  • In November 2018, PrecisionHawk USA Inc., a major provider of drone technology announced that it has acquired Uplift Data Partners. This acquisition enabled PrecisionHawk to expand its construction and facility management in United States.

Segments Covered in the Report:

Global commercial drone market is segmented into application, product, end-use, and region. Based on the application, the market has been segmented into filming & photography, inspection & maintenance, mapping & surveying, precision agriculture, surveillance & monitoring, and others. Based on the product, the market has been segmented into fixed-wing, rotary blade, and hybrid. Based on the end-use, the market is segmented into agriculture, delivery & logistics, energy, media & entertainment, real estate & construction, security & law enforcement, and others.

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Market Segmentation

Global Commercial Drone Market by Product Type

• • Fixed-Wing
  • Rotary Blade
  • Hybrid

Global Commercial Drone Market by End-Use

• • Agriculture
  • Delivery & Logistics
  • Energy
  • Media & Entertainment
  • Real Estate & Construction
  • Security & Law Enforcement
  • Others

Global Commercial Drone Market by Application

• • Filming & Photography
  • Inspection & Maintenance
  • Mapping & Surveying
  • Precision Agriculture
  • Surveillance & Monitoring
  • Others

Global Commercial Drone Market by Region

• • North America Commercial Drones Market(Option 1: As a part of the free 25% customization)

    • By Product Type
    • By End-Use
    • By Application
    • US Market All-Up
    • Canada Market All-Up

  • Europe Commercial Drones Market(Option 2: As a part of the free 25% customization)

    • By Product Type
    • By End-Use
    • By Application
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up

  • Asia-Pacific Commercial Drones Market(Option 3: As a part of the free 25% customization)

    • By Product Type
    • By End-Use
    • By Application
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up

  • RoW Commercial Drones Market(Option 4: As a part of the free 25% customization)

    • By Product Type
    • By End-Use
    • By Application
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Major Players Operating the Commercial Drone(Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • PrecisionHawk USA Inc.
  • BAE Systems PLC
  • AeroVironment Inc.
  • Ascending Technologies GmbH
  • Parrot S.A.
  • TRACE Intelligent Systems
  • DJI
  • SZ Dajiang Innovations Technology Co. Ltd
  • 3D Robotics Inc.
  • Textron Inc.