Drone Market, Global Outlook and Forecast 2023-2029

An unmanned aerial vehicle (UAV) (commonly known as a drone) is an aircraft without a human pilot on board. UAVs are a component of an unmanned aircraft system (UAS), which include a UAV, a ground-based controller, and a system of communications between the two. The flight of UAVs may operate with various degrees of autonomy: either under remote control by a human operator or autonomously by onboard computers referred to as an autopilot.
Compared to crewed aircraft, UAVs were originally used for missions too "dull, dirty or dangerous" for humans. While drones originated mostly in military applications, their use is rapidly finding many more applications including aerial photography, product deliveries, agriculture, policing and surveillance, infrastructure inspections, science, smuggling, and drone racing.
This report aims to provide a comprehensive presentation of the global market for Drone, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Drone. This report contains market size and forecasts of Drone in global, including the following market information:
Global Drone Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global Drone Market Sales, 2018-2023, 2024-2029, (K Units)
Global top five Drone companies in 2022 (%)
The global Drone market was valued at US$ 6599.7 million in 2022 and is projected to reach US$ 16550 million by 2029, at a CAGR of 14.0% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Global core drone manufacturers include DJI, AeroVironment etc.The top 1 company hold a share about 60%. China is the largest market, with a share about 75%, followed by North America and Europe with the share about 12% and 8%.In terms of product, spiral wing is the largest segment, with a share over 57%. And in terms of application, the largest application is entertainment & media & mapping, followed by agriculture.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Drone manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Drone Market, by Size, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Drone Market Segment Percentages, by Size, 2022 (%)
    Fixed Wing
    Spiral Wing
    Helicopter
Global Drone Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Drone Market Segment Percentages, by Application, 2022 (%)
    Cargo Transportation
    Agriculture
    Oil & Gas
    Entertainment & Media & Mapping
    Military
    Others
Global Drone Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Drone Market Segment Percentages, By Region and Country, 2022 (%)
    North America
        US
        Canada
        Mexico
    Europe
        Germany
        France
        U.K.
        Italy
        Russia
        Nordic Countries
        Benelux
        Rest of Europe
    Asia
        China
        Japan
        South Korea
        Southeast Asia
        India
        Rest of Asia
    South America
        Brazil
        Argentina
        Rest of South America
    Middle East & Africa
        Turkey
        Israel
        Saudi Arabia
        UAE
        Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Drone revenues in global market, 2018-2023 (Estimated), ($ millions)
Key companies Drone revenues share in global market, 2022 (%)
Key companies Drone sales in global market, 2018-2023 (Estimated), (K Units)
Key companies Drone sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
    DJI
    AeroVironment
    Lockheed Martin
    Parrot
    Yamaha
    Textron
    Teledyne FLIR
    XAG
    IAI
    Elbit Systems
    Applied Aeronautics
    ZEROTECH
Outline of Major Chapters:
Chapter 1: Introduces the definition of Drone, market overview.
Chapter 2: Global Drone market size in revenue and volume.
Chapter 3: Detailed analysis of Drone manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by size, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Drone in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Global Drone capacity by region & country.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.