Global Commercial Drone Market Size, Share, Growth Analysis, By Type(Fixed-wing, Rotary Blade), By Application(Filming & Photography, Inspection & Maintenance) - Industry Forecast 2024-2031

Commercial Drone Market size was valued at USD 6.51 billion in 2021 and is poised to grow from USD 8.37 billion in 2022 to USD 62.54 billion by 2030, growing at a CAGR of 28.58% in the forecast period (2023-2030).

The market is fragmented, with a small number of players controlling sizable market shares. Global makers and suppliers of drones are creating specialised, industry-specific solutions to efficiently meet their clients' business needs. Drone makers can now produce a wide variety of models in various sizes, weights, and shapes that can carry a variety of sensor payloads, making them useful in a variety of applications. This is made possible by advancements in drone technology. 'DJI', 'Parrot SA', 'Yuneec International Co. Ltd', 'AeroVironment, Inc.', '3D Robotics, Inc.', 'PrecisionHawk, Inc.', 'Autel Robotics', 'senseFly SA', 'GoPro, Inc.', 'Ehang Inc.', 'Kespry Inc.', 'Insitu Inc.', 'Aeryon Labs Inc.', 'Aibotix GmbH', 'Aeronavics Ltd.', 'Cyberhawk Innovations Ltd.', 'Flyability', 'Gryphon Dynamics', 'Altavian, Inc.', 'Freefly Systems Inc.', 'In September 2022, The US Federal Aviation Administration (FAA) approved the Declarations of Compliance for seven of DJI’s new drone models. DJI is a China-based leading global provider of civilian drones and imaging technology.', 'In February 2022, Saudi Arabia and a significant territorial media communications organization declared a cooperation to foster commercial drones innovation. An update of understanding was endorsed between the King Abdulaziz City for Science and Technology and Zain Saudi Arabia. The two will cooperate on drone innovative work, as indicated by the Saudi Press Agency.'

It is anticipated that market growth will be fueled by the growing use of small automated ethereal vehicles for commercial endeavours such as advanced photography, filmmaking, accuracy agribusiness, regulation and requirement, untamed life checking, amusement, calamity the board, help and salvage activities, research and advancement, planned operations and transportation, and development.

The high cost of UAVs and drones is restricting the market's expansion because they are mostly built with pricey autonomous functions that run on AI-powered navigation and operational software, raising the final cost of a product.

On the basis of region, it is segmented into North America, Europe, Asia Pacific, Latin America and Middle East and Africa(MEA). The commercial drones market is largely dominated by North America. This pattern is expected to persist over the projection period as a result of rising business demand for data obtained by drones and supportive government activities pertaining to the development of drone technology.

Global Commercial Drone Market size was valued at USD 8.37 billion  in 2022 and is poised to grow from USD 10.76 billion in 2023 to USD 80.41 billion by 2031, at a CAGR of 28.58% during the forecast period (2024-2031).

The market is fragmented, with a small number of players controlling sizable market shares. Global makers and suppliers of drones are creating specialised, industry-specific solutions to efficiently meet their clients' business needs. Drone makers can now produce a wide variety of models in various sizes, weights, and shapes that can carry a variety of sensor payloads, making them useful in a variety of applications. This is made possible by advancements in drone technology. 'DJI', 'Parrot SA', 'Yuneec International Co. Ltd', 'AeroVironment, Inc.', '3D Robotics, Inc.', 'PrecisionHawk, Inc.', 'Autel Robotics', 'senseFly SA', 'GoPro, Inc.', 'Ehang Inc.', 'Kespry Inc.', 'Insitu Inc.', 'Aeryon Labs Inc.', 'Aibotix GmbH', 'Aeronavics Ltd.', 'Cyberhawk Innovations Ltd.', 'Flyability', 'Gryphon Dynamics', 'Altavian, Inc.', 'Freefly Systems Inc.', 'In January 2023, Draganfly Inc. declared that it had reached a strategic agreement with Remote Sensing Instruments ("RSI"), an established Geospatial Technology company in India that specializes in Geographic Information System ("GIS") and Remote Sensing. This agreement covers the development, distribution, and sales of Draganfly products in India. One important aspect of this agreement is the manufacturing of Draganfly drones in India through the Aatma Nirbhar Bharat (Made in India) project.', 'Researchers from the CISPA Helmholtz Centre for Information Security and Ruhr University Bochum discovered security flaws in a number of commercial drone models in March 2023. A software-defined radio may be used to receive, decode, and track a drone's unique ID thanks to the release of a new utility. Using GPS, this tool gives you an exact location. The researchers were able to successfully reverse-engineer DJI's exclusive communication mechanism. This contained a component of the protocol called Drone-ID, which is in charge of encoding the unique identify of the drone as well as the operator's location. Four widely available drones had 16 vulnerabilities, some of which led to in-flight collisions, according to the researchers' assessment. Most of the vulnerabilities that have been found have been fixed by DJI upgrades.', 'The top European drone manufacturer Parrot and the Swiss drone automation technology provider Tinamu established a partnership in May 2023 to include the Parrot ANAFI Ai drone into Tinamu's indoor monitoring systems. Tinamu serves global mining, commodities trading, and construction companies with automated warehouse inventory management solutions.'

It is anticipated that market growth will be fueled by the growing use of small automated ethereal vehicles for commercial endeavours such as advanced photography, filmmaking, accuracy agribusiness, regulation and requirement, untamed life checking, amusement, calamity the board, help and salvage activities, research and advancement, planned operations and transportation, and development.

The high cost of UAVs and drones is restricting the market's expansion because they are mostly built with pricey autonomous functions that run on AI-powered navigation and operational software, raising the final cost of a product.

On the basis of region, it is segmented into North America, Europe, Asia Pacific, Latin America and Middle East and Africa(MEA). The commercial drones market is largely dominated by North America. This pattern is expected to persist over the projection period as a result of rising business demand for data obtained by drones and supportive government activities pertaining to the development of drone technology.