Drone Market - Global Industry Size, Share, Trends, Competition, Opportunity, and Forecast, 2017-2027 Segmented By Type (Fixed Wing Drone, Rotary Blade Drone, Hybrid Drone), By Altitude (MALE, HALE, LALE), By Payload (Less than 200 kg, 200-500 kg, 500-1000 kg, Above 1000 kg), By End User (Commercial, Defense, Recreational), By Application (Logistics, Security, Agriculture, Mining & Construction, M
Published Date: March - 2025 | Publisher: MIR | No of Pages: 280 | Industry: Aerospace and Defense | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationThe worldwide drone market is expected to grow at a CAGR of 17.99% over the forecast period to reach USD96.00 billion by 2027.
Future growth in the market of drones is due to rising uses of drones in media and entertainment industry, constantly developing defense drone technologies fueling autonomous drones in a combat environment, growing uses of unmanned aerial vehicles for agriculture and mining & construction work etc. Additionally, quality aerial imaging, accuracy, simple deployment etc. is expected to propel the global market of drones during the forecast period.
Drones, otherwise known as unmanned aerial vehicles (UAVs), are remote-controlled aircrafts flown either by a human pilot or according to preprogrammed plans or automated systems allowing them to fly on their own. Drones does not have crew, or passengers onboard.
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Growing Demand in Delivering Packages Drives the Market Growth
Global manufacturers of drone technology have made serious efforts to enhance the package delivering technologies in recent past few years. A large number of drone package delivering startups have been emerging online. The future holds the option of receiving packages from drones for consumers. Amazon is one of the companies leading the way in making this possible. For instance, its new Amazon Prime Air service will reportedly enable customers to order drone delivery for packages up to five pounds. The package will be delivered through drone that is sent to the customer's location, which can be tracked by the customers using smartphone. As the drone arrives, the customer will make use of their phone to flash barcode, QR code, or LED signal to the drone to confirm that the drone partner is indeed the right customer. The package is then dropped from a safe distance with the help of a pulley system and is let go to the customer.
Growing Application of Drones in Military & Defense Sector
The increasing use of drones in various end use sectors such as military & defense and event industry is the key driver anticipated to support the global drone market growth in the next few years. Moreover, use of the Artificial Intelligence and machine learning technologies within the drone system for diverse operational applications is another significant driver expected to spur the market growth by 2027. Drones are increasingly becoming a standard component in military utilization, particularly surveillance, and the list of defense utilization keeps expanding as technology advances. Development pace of drones is constantly rising, led primarily by geopolitical issues. Drones are mainly employed to carry out intelligence, surveillance and reconnaissance (ISR) operations along international borders. Military drones are being designed for a variety of applications including electronic attacks (EA), strike mission, suppression of enemy air defenses (SEAD), network nodes, communication relay, and combat search and rescue (CSAR). Drone technology will be taken up at a high rate in industrial applications in the following areasaerial monitoring and inspection; payload transport; media and entertainment; and security. All these uses involve the incorporation of technologies including 3-Dimensional, artificial intelligence, laser technologies, machine learning, acoustics, augmented reality (AR), computer vision, and cognitive tools.
Market Segmentation
In terms of country, the United States drone market is forecast to grow at a faster rate and is expected to reach around USD30.77 billion during the forecast period.
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Company Profiles
Northrop Grumman Corporation, Insitu Inc. (Subsidiary of The Boeing Company), Lockheed Martin Corporation, DJI, Thales Group, Israel Aerospace Industries Ltd., Israel Aerospace Industries Ltd., Turkish Aerospace Industries, Inc, BAE Systems plc etc. are among the major market players that are leading the market growth of the global drone market.
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Attribute |
Details |
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Market Size Value in 2021 |
USD35.40 Billion |
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Revenue Forecast in 2027 |
USD96.00 Billion |
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Growth Rate |
17.99% |
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US Revenue Forecast in 2027 |
USD30.77 Billion |
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Base Year |
2021 |
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Historical Years |
2017 – 2021 |
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Estimated Year |
2022 |
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Forecast Period |
2023 – 2027 |
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Quantitative Units |
Revenue in USD Billion and CAGR for 2017-2021 and 2022-2027 |
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Report Coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
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Segments Covered |
· Type · Altitude · Payload · End User · Application · Region · Company |
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Regional Scope |
North America, Europe, Asia Pacific, South America, Middle East and Africa |
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Country Scope |
United States, Canada, Mexico, Germany, France, UK, Spain, Italy, Russia, Turkey, China, India, Japan, Malaysia, Thailand, Indonesia, Vietnam, South Korea, Brazil, Argentina, Colombia, Saudi Arabia, South Africa, UAE, Israel |
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Key Companies Profiled |
Northrop Grumman Corporation, Insitu Inc. (Subsidiary of The Boeing Company), Lockheed Martin Corporation, DJI, Thales Group, Israel Aerospace Industries Ltd., Israel Aerospace Industries Ltd., Turkish Aerospace Industries, Inc, BAE Systems plc, Elbit Systems Ltd., Saab Group |
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Customization Scope |
10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
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Pricing and Purchase Options |
Avail customized purchase options to meet your exact research needs. Explore purchase options |
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Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/pdf format on special request) |
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