Market Overview

Global Commercial Drone Market size was valued at USD 13.44 Billion in 2022. It is expected to expand at USD 483.30 Billion in 2030 a compound annual growth rate (CAGR) of 57.5% from 2023 to 2030.


In terms of the number of units needed, it was thought that 689,4 thousand would be needed in 2020. Drones can be used for a lot of different things today, like making movies and responding to emergencies. Also, these devices are in high demand in the real estate and building industries because they can be used to survey land, give continuous and accurate project alerts, improve safety, and stop dangerous accidents on work sites. In the last few years, the number of ways that drones can be used for business has grown by a lot. Companies in the market, like those that make drones or offer software solutions, are always coming up with, testing, and improving goods that can be used in many different markets.

On the other hand, traditional use cases like security, monitoring, and surveillance are expected to grow the most in businesses with high crime rates and labor costs. Drones are often used in dangerous and hard-to-reach places for search and rescue missions and to map out high-rise buildings that may have broken electricity lines and unstable roofs. In the building business, drones are also often used.

Because COVID-19 happened all over the world, there has been a noticeable rise in the use of drone technology in a wide range of situations. Drones have been shown to be very helpful in a wide range of situations, which has led to their growth. There has been a big rise in the use of drones in the medical field, especially for transporting medical materials and getting lab samples to and from a lab. This is done to cut down on the time needed to turn around the transportation and to lower the risk of getting sick. As of right now, the UNICEF says that more than eighteen different countries are already using drones to move and distribute supplies during the pandemic.

Market Dynamics

Trends: Increasing inspection use in construction and infrastructure
Since drones are being used more and more in different businesses, the commercial drone market is growing quickly. One of these industries is building and inspecting infrastructure. Drones are being used more and more to inspect and keep an eye on work sites, buildings, and infrastructure. Drones can help find problems in buildings like cracks and other damage that might not be obvious to the human eye because they can get into hard-to-reach places. This can make checks faster and more accurate, cut down on the need for inspections done by hand, and make workers safer.

Drones are used in the construction business to watch over and inspect building sites, survey land and make topographic maps, and make 3D models of buildings. By using drones, building companies can save time and money, make their workers safer, and cut down on mistakes made when measuring and surveying.

Drones are also used to check on things like infrastructure. Drones can be used to check bridges, power lines, and other infrastructure. They can take high-resolution photos and movies that can help find problems before they get worse. This can help cut down on upkeep costs and make infrastructure last longer.g Use in building and inspecting infrastructure

Drivers: Rise in Demand for Drone Delivery Services
One of the most important things driving the business drone market is the growing number of people who want drone delivery services. Drones are becoming more and more popular as a way to send goods and packages because they can do it faster and better than other methods. Drone delivery is especially helpful during natural disasters or in remote areas where standard delivery methods are not possible.

One of the main industries that has benefited from drone delivery services is e-commerce. Companies like Amazon and Alibaba have put a lot of money into drone delivery technology. With more people shopping online, e-commerce companies are looking for ways to improve delivery times and cut costs. Drone delivery is a good way to do both.

Drones are becoming more popular in the energy and utility industries
The energy and utility industries are using business drones more and more. Drones are used for many things, like checking power lines, wind turbines, and pipes, surveying land for new building projects, and keeping an eye on places that are far away. Drones can be used in these fields to make them more efficient, save money, and make them safer.

One of the main reasons why the energy and utility industries need drones more and more is that vital infrastructure needs to be checked regularly. Traditional ways to check power lines and other infrastructure often involve moving people to hard-to-reach places, which can take a long time, cost a lot of money, and be dangerous. Drones can get to these places quickly and easily. They can take high-resolution photos and videos that can be used to spot problems before they get worse.

Restraints: Not enough qualified pilots
There aren't enough skilled pilots who know how to use these devices in the business drone market. This can make it hard for companies to find qualified people to fly their drones, especially in industries like construction and inspection where safety and accuracy are very important.

Concerns about cyber security
As commercial drones get more linked, cyber threats can also affect them. To stop data breaches and other cyber threats, companies must make sure that their drones are safe and can't be hacked.

Opportunity: Increasing interest in the use of drones in agriculture
The growing interest in using drones for farming is one of the most important possibilities in the commercial drone market. Farmers can use drones with sensors and cameras to get real-time information about the health of their crops, the state of the land, and the weather. This information can help farmers make better choices about how to care for their crops, which can lead to higher yields and lower costs.

Drones can also be used for precise agriculture, where they can be programmed to spray pesticides and fertilizers in specific areas, reducing the amount of chemicals used and making crops grow better. Drones can also be used to map crops. This gives farmers correct information about the topography of their land, which helps them plan irrigation better.

Development of autonomous and swarming drones
In the business drone market, making drones that can fly themselves and drone swarms is a big chance. Autonomous drones can do things like surveying, mapping, checks, deliveries, and more without any help from a person. This technology can make businesses like agriculture, construction, and logistics much more efficient and save a lot of money.

On the other hand, drone swarms are groups of drones that work together to do a job. This technology could change the way businesses like search and rescue, the military, and entertainment work. For example, a group of drones could be used to quickly look for and find a missing person in a large area or to create a stunning light show for a concert or event.

Major Segments Covered

Product Insights
In 2020, rotary blades made up almost 80% of the market in terms of volume, and this is expected to stay the case during the estimate period. Because it can keep its eyes on a single target for a long time, hover, and move quickly, the market for rotary-blade drones that are used for checking is likely to grow. Most of the time, these drones can be used for a wide range of business purposes, such as filming, photography, surveillance, and tracking. Also, they are easier to control than fixed-wing planes and combination planes.

Between 2021 and 2028, the hybrid segment is expected to have the biggest volume CAGR of 64.0%. Hybrid business drones are more powerful and efficient because they use both fuel and batteries. Also, these drones can stay in the air for longer amounts of time and carry more weight in bad weather. Facebook and Amazon are using hybrid drones to get people in faraway places connected to the internet and to move goods quickly.

Application Insights
In 2020, about 31.0% of the market's revenue came from the filming and photography category, and this is expected to stay the case throughout the forecast era. Drones are becoming an important part of professional photography, and more and more shooters are using them to get ahead of the competition. Companies like DJI make small drone cameras that expert photographers can use to take high-quality pictures. Also, areas and regions that were once hard to get to are now easy to reach. In September 2014, when the FAA allowed business drone flights, filmmakers were not among the first people to sign up. But there is already a whole subsector of drone pilots who work in the entertainment and film businesses.

Between 2021 and 2028, the segment of precision agriculture is expected to grow at the fastest rate, with a CAGR of over 60.0%. This is because drones have become one of the most important ways to handle key farm operations. Farmers all over the world are trying to cut their costs and improve their output. With the help of drones, farmers and people who work in farmland can collect farm data and automate tasks that are already being done. Drones also help farmers with a variety of tasks, such as watching and analyzing fields and planning crop plantations to see how the crops are growing and how healthy they are. Raptor Maps, an agriculture analytics company in the United States, uses drones to help farmers get a better idea of how much they could harvest.

End-use Insights
In 2020, the media and entertainment industry had almost 27.0% of the market share, and it is expected to continue to lead the market over the next few years. Drones can be used for many kinds of media and entertainment. Professional drones are now being used by filmmakers to get the best shots at the lowest cost. The segment is likely to grow because more clients and owners want to use aerial photography to advertise resorts, hotels, tourist spots, public areas, and amusement parks.

Between 2021 and 2028, the distribution and logistics category is expected to have the highest CAGR, at over 60%. Due to the growth of e-commerce, drones will change the way shipping and logistics are done around the world. As the need for fast delivery of goods grows, more and more e-commerce warehouses are using drones to store and send products. Warehouses around the world are spending a lot of money to boost the level of automation. UAVs are useful for activities and jobs that need more hours of work from people. One of the main ways drones are used in warehouses is to read barcodes.

Regional Insights

Geographically The Commercial Drone Market has been broken down into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. (MEA).


In 2020, North America had the largest market share in terms of volume, with about 37.0%. Over the next seven years, North America is expected to grow a lot, thanks to government programs, improvements in drone technology, and rising demand from businesses in many different industries. Also, the U.S. Federal Aviation Administration (FAA) has put out new rules to make it easier to understand how UAVs can be used safely and legally in business settings. It is hoped that these laws and rules will make it easier to get into the market and make products more popular in the area.

Asia-Pacific is expected to have the most growth in volume between 2021 and 2028, at a rate of 63.1% per year. By 2028, the area will need more than 9 million commercial drones, which is more than North America. Favorable legal conditions, especially in developed countries, are expected to drive the growth of the market. Multiple countries are always coming up with new rules about how drones can be used for business. Also, a number of new companies are looking at how drones could be used for business and trying to make them safer.

Scope Of Report

Key Vendors

• Yuneec Holding Ltd
• Skydio, Inc.
• Parrot Group
• Intel Corporation
• Teal Drones
• Ehang Holdings Limited
• AeroVironment Inc.
• 3D Robotics, Inc. 

Yuneec Holding Ltd
The company started out making remote-controlled airplanes for people who liked to build models. Because of this, they know that safety is the most important part of making their goods useful and effective. This is also how they feel about the people who keep them safe every day. From Fire and Rescue to the Coast Guard and the Police, they think that a view from above will help first responders get around problems and make them safer. The company started out small, with new ideas and easy access in the aircraft business. Yuneec has been pushing the limits of electric aviation for over 15 years, from making the first widely successful ready-to-fly fixed-wing RC airplane to making ground-breaking electric aircraft and next-generation aerial video quadcopters.

Skydio, Inc.
Skydio makes the most drones in the United States and is the world leader in autonomous flying. Skydio uses new AI to make the most clever flying machines in the world for use by consumers, businesses, and the government.Skydio was started in 2014 by top experts in AI, robotics, cameras, and electric vehicles from some of the best companies, research labs, and colleges in the world. From its headquarters in Redwood City, CA, Skydio creates, assembles, and supports its products in the U.S. This is done to ensure the highest standards of supply chain and manufacturing security. Skydio is backed by top investors and strategic partners, such as Andreesen Horowitz, Levitate Capital, Next47, IVP, Playground, and NVIDIA. It is trusted by major businesses in a wide range of industries. 

Parrot Group
Henri Seydoux started Parrot in 1994, and it is now the largest European company in the rapidly growing drone business. Visionary and on the cutting edge of new ideas, Parrot is a real "End to End" drone company that makes hardware, software, and offers services.

Intel Corporation
Intel's goal is to change the future of technology so that everyone can have a better future. Intel's work is at the heart of many new ideas because it pushes forward in areas like AI, analytics, and cloud-to-edge technology. Intel technology is behind everything from big ideas like self-driving cars and rebuilding coral reefs to things that make everyday life better, like movie effects and better shopping. Having a job at Intel gives you the chance to help make the future better for everyone.

Teal Drones
Teal is based in Salt Lake City, Utah, and has raised more than $20 million in private capital. They make their own hardware and software systems for drones that can be used for both consumer and business purposes. Teal One, which is their most popular product, is one of the best drones on the market. It has high-quality hardware and design, and it runs on a software platform that encourages innovation.

Recent Developments

• FAA OKs Amazon's fleet of drones that bring packages: The Federal Aviation Administration (FAA) gave Amazon's Prime Air fleet of drones the green light to deliver packages in August of 2020. With this approval, Amazon can start testing business drone deliveries in the US. This is a big step forward for the industry as a whole.

• DJI makes the Mavic Air 2: In April 2020, DJI made the Mavic Air 2, a new drone with high-tech features like a 48-megapixel camera and 4K video recording. The Mavic Air 2 is made for both amateurs and pros, with an emphasis on taking photos and videos from the air.

• UPS partners with Wingcopter for drone delivery: In November 2020, UPS and Wingcopter, a German company that makes drones, stated that they would work together to make a new generation of drones that can deliver packages. The goal of the partnership is to make a new generation of drones that can travel farther and carry more weight. These drones will be used to bring medical supplies and other important items.

• Intel shows off its drone swarm technology: In July 2020, during a live broadcast of the opening event of the 2020 Summer Olympics in Tokyo, Intel showed off its drone swarm technology. The show used 1,824 drones to put on a synchronized light show in the air. This showed how drone technology could be used at big events.

• DJI makes its first FPV (first-person view) drone: called the DJI FPV. It came out in March 2021. With a 4K camera that can record at 60 frames per second, the drone is made for high-speed races and aerial stunts. DJI is getting into the market for FPV drones with the release of the DJI FPV. This market is becoming more popular among both hobbyists and pros.

Market Segmentation

This portion of the study on the Commercial Drone Market gives detailed data on the segments at the country and regional level, thereby aiding the strategist in determining the target demographics for the relevant product or service and the impending opportunities.

By Product

• Fixed-wing
• Rotary Blade
• Hybrid

By Application

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

By End-user               

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

Global Commercial Drone Market Regional insights

• North America
  • US
  • Canada
  • Mexico
  • Rest of North America
• Europe
  • Germany
  • France
  • Italy
  • Spain
  • UK
  • Nordic Countries
    • Denmark
    • Finland
    • Iceland
    • Sweden
    • Norway
  • Benelux Union
    • Belgium
    • The Netherlands
    • Luxembourg
  • Rest of Europe
• Asia-Pacific
  • Japan
  • China
  • India
  • Australia
  • South Korea
  • Southeast Asia
    • Indonesia
    • Thailand
    • Malaysia
    • Singapore
    • Rest of Southeast Asia
  • Rest of Asia-Pacific
• The Middle East & Africa
  • Saudi Arabia
  • UAE
  • Egypt
  • South Africa
  • Rest of the Middle East & Africa
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America

Conclusion

In conclusion, the business drone market is expected to keep growing over the next few years, thanks to factors like the growing demand for drone delivery services, the growing use of drones in the energy and utility sectors, and improvements in drone technology. But problems like privacy and security worries, problems with regulations, and the short battery life of drones may slow the market growth to some amount. Still, the market is expected to have a lot of chances in the future as technology for self-driving drones improves and the number of industries that use them grows.