Commercial Drone Market

Commercial Drone Market Outlook (2024 to 2034)

An updated market study by Fact.MR states that worldwide demand for commercial drones is evaluated to reach a market value of US$ 6.4 billion in 2024. The global commercial drone market is approximated to expand at a high-value CAGR of 11.2% and reach US$ 18.6 billion by the end of 2034.

Mini commercial drones are becoming a popular choice across end-use industries due to their low operational costs and high endurance. Thereby, they find applications in civil as well as commercial areas. Further, integration of some recent technologies, such as the Internet of Things (IoT), artificial intelligence, and cloud computing are helping them reach higher levels of efficiency, subsequently resulting in increasing adoption.

Increasing deployment of commercial drones for several tasks, such as emergency response and filming is attributed to their capacity to offer ongoing and accurate project alerts and prevent hazardous accidents during construction. In addition, they are also used for increasing safety and surveying the property. Thereby, there is an increased demand for these drones across several sectors, especially construction and real estate.

Constant advancements in commercial drones are contributing to their reduced cost and updates in software systems. Thereby, precision agriculture, inspection, aerial mapping, and surveying are contributing to the widespread adoption of commercial drones. Several engineering firms and businesses are adopting these technologically advanced drones at a larger scale for different tasks. Maintenance, in-depth project inspection, and oil pipeline inspection are some of the key uses of these drones. Increased requirements for unmanned systems in energy, power production, and oil & gas are positively influencing commercial drone market trends.

• Global demand for commercial drones for use in precision agriculture is evaluated to accelerate at a CAGR of 11.9% and reach a market valuation of US$ 5.95 billion by 2034-end.
• North America is projected to account for 35% of the global commercial drone market share by the end of 2034.
• The market in Japan is evaluated to advance at 12.8% CAGR from 2024 to 2034.

Report Attribute	Detail
Commercial Drone Market Size (2024E)	US$ 6.4 Billion
Forecasted Market Value (2034F)	US$ 18.6 Billion
Global Market Growth Rate (2024 to 2034)	11.2% CAGR
South Korea Market Growth Rate (2024 to 2034)	13.1% CAGR
East Asia Market Share (2034F)	25%
Market Share of Single Rotor Drones (2034F)	40%
Key Companies Profiled	AeroVironment Inc.; Insitu Inc.; SZ DJI Technology Co. Ltd.; 3D Robotics Inc.; Aeryon Labs Inc.; SKYDIO; PrecisionHawk Inc.; Yuneec International Co. Ltd.; Parrot SA; Autel Robotics; GoPro Inc.; Trimble Navigation Ltd.; Delair.

What Lies Ahead for Use of Commercial Drones?

“Rapidly Rising Use in Agriculture and Infrastructure”

Commercial drones are witnessing increased demand in the agriculture industry due to their increasing use for capturing high-quality videos and images of crops to get their current status. This helps farmers act accordingly to increase overall yield. Furthermore, governments in several countries, such as China, Japan, India, and others are investing in infrastructure development, which is further widening the application scope of commercial drones in this sector for surveillance and getting real-time updates about the project.

“Rapid Advancements in Commercial Drone Variants”

Technological advancements, such as machine learning and artificial intelligence are playing vital roles in the development of commercial drones. Integration of these technologies in drones enables them to get data about surrounding areas, identify specific objects, effectively map local areas, and provide qualitative analytical data.

Deployment of 5G delivery systems and cloud computing technology in commercial drones is helping them carry out tasks such as teleoperation, autonomous flying, and multiple sharing with the help of high-speed internet connectivity. They are extensively used in high-altitude mapping, on-demand deliveries, and search and rescue operations. Unlike conventional machines, these drones do not need a lot of energy for operation. Rather they are comparatively easy in operation and are controlled with remote controllers and less energy.

Why is the Global Commercial Drone Market Size Not Increasing Faster?

“Stringent Regulations and Air Traffic Management Limitations”

Commercial drones find extensive application in industries for their highly efficient technology for several aerial usages. However, some businesses are significantly concerned about the absence of a well-organized air traffic management system in several countries by aviation authorities. Certain countries have stringent regulations for flying drones around airports and surroundings. Moreover, a few other countries are also facing criticism for violating personal space and privacy through drone use, especially impeding commercial expansion.

What is Helping Startups Penetrate the Market Successfully?

“Integration of Cloud Computing and 5G Delivery Models in Commercial Drones”

Advent of the 5G internet model and integration of cloud computing with commercial drones are offering lucrative opportunities for startups. Users communicate in challenging circumstances with access to high-speed internet connectivity. Active involvement of aspiring market players in offering the DaaS (drone-as-a-service) model is assuring business growth for them.

Country-wise Insights

North America is projected to account for 35% share of the global market by the end of 2034, as opined in the updated report provided by skilled analysts at Fact.MR, a market research and competitive intelligence provider. Implementation of new regulations for creating more consistent and coherent standards for the safe and legal operation of commercial drones is favoring market growth in the region.

What is Expected from the United States Market Going Forward?

“Presence of Prominent Makers of Commercial Drones Bolstering Market Stance”

Attribute	United States
Market Value (2024E)	US$ 1.8 Billion
Growth Rate (2024 to 2034)	10% CAGR
Projected Value (2034F)	US$ 4.6 Billion

The United States is forecasted to capture 70% share of the market in North America by the end of 2034. Increasing requirements for commercial drones from several end-use industries, such as agriculture, surveillance, construction, mining, and oil & gas are creating remunerative opportunities for suppliers. In addition, the presence of some leading market players, such as Autel Robotics, GoPro Inc., and 3D Robotics are contributing to revenue streams.

Why is South Korea Exhibiting High Demand for Commercial Drones?

“Government Pushing Use of Commercial Drones in Online Retailing”

Attribute	South Korea
Market Value (2024E)	US$ 314 Million
Growth Rate (2024 to 2034)	13.1% CAGR
Projected Value (2034F)	US$ 1.1 Billion

South Korea is evaluated to possess a share of 23.1% of the market in East Asia by 2034-end. The government in South Korea is contributing significantly to the development of drone technology and robotics. Consumers intending to use drones for commercial objectives register at the MOLIT (Ministry of Land, Infrastructure, and Transport). Currently, commercial drones are used for several purposes, such as logistics, agricultural productivity, emergency relief, and repairs.

Online retailers in South Korea are considering using commercial drones for delivery purposes in residential settings. They are setting up commercial drone routes that have been programmed by the MOLIT to keep them away from the general public. Further, these routes are specifically designed to keep out of sight. Drones are spending significant time traveling along these decided routes, thereby allowing retailers to get better data related to the obstacles and spaces existing in the area.

What’s Contributing to Rapid Commercial Drone Market Growth in Japan?

“Flourishing e-Commerce Sector Driving High Demand for Commercial Drones”

Attribute	Japan
Market Value (2024E)	US$ 408.8 Million
Growth Rate (2024 to 2034)	12.8% CAGR
Projected Value (2034F)	US$ 1.4 Billion

Japan is analyzed to contribute 29.4% share of East Asian market revenue by the end of 2034. The e-Commerce sector in the country is expanding significantly, which is generating demand for innovative logistic solutions and faster delivery services. Thereby, there is an increased demand for commercial drones offering quick delivery services.

Category-wise Insights

Commercial drones find application in precision agriculture for their features of assisting farmers in tasks, such as planning and analyzing plantation processes while monitoring fields to determine the growth and health of crops.

Which Type of Commercial Drone is Most Widely Deployed?

“High Preference for Single Rotor-based Commercial Drones for Their Durability and Strength”

Attribute	Single Rotor
Segment Value (2024E)	US$ 2.7 Billion
Growth Rate (2024 to 2034)	10.7% CAGR
Projected Value (2034F)	US$ 7.4 Billion

Single rotor-based commercial drones are approximated to hold 40% share of global market revenue by 2034. The growing use of single-rotor commercial drones is attributed to their durability and strength. Their similarity to actual helicopters in design and structure contributing to increased use.

Which Application of Commercial Drones is Gaining Momentum Globally?

“Surging Popularity of Commercial Drones in Precision Agriculture for Crop Management”

Attribute	Precision Agriculture
Segment Value (2024E)	US$ 1.93 Billion
Growth Rate (2024 to 2034)	11.9% CAGR
Projected Value (2034F)	US$ 5.95 Billion

Commercial drones for surveillance purposes are calculated to occupy a share of 32% of the global market by the end of 2034. These devices assist in managing crucial farm operations. They assist farmers in several tasks, such as planning and analysis of plantations along with field monitoring for determining the health and growth of crops.

Competitive Landscape

Key players in the commercial drone market are investing significantly in new product launches with improved features and quality for the safe and effective completion of tasks.

For instance, :

• Autel Robotics, in January 2023, launched the EVO Max 4T drone, which is a highly innovative and sophisticated flying machine used as a suitable option for consumer as well as business applications.
• AeroVironment, Inc. is one of the prominent providers of multi-domain and intelligent robotic systems. In September 2022, the company announced the launch of the VAPOR 55 MX, which is a UAS (unmanned aircraft system).

Fact.MR provides detailed information about the price points of key manufacturers of commercial drones positioned across the world, sales growth, production capacity, and speculative technological expansion, in the recently updated market report.

Segmentation of Commercial Drones Market Research

• By Product Type :

  • Multi-rotor
  • Single Rotor
  • Fixed-wing
  • Hybrid
  • Others

• By Application :

  • Precision Agriculture
  • Aerial Photography
  • Surveillance
  • Survey Mapping
  • Energy
  • Other Applications

• By Region :

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • East Asia
  • South Asia & Pacific
  • MEA