The Singapore drone market is expected to grow significantly during the forecast period. Drone finds application in defense, agriculture, logistics and transportation, construction, entertainment, energy & power, wildlife & forestry. The rise in infrastructural development and construction activities is expected to be the major driver for the forecast period. The increased adoption of crewless aerial vehicles or drones for infrastructure deliveries and inspection accelerates market demand. The use of drones for cleaning and canal monitoring purposes is creating new avenues to develop building cleaning drones. Food chains and companies are promoting drones for prompt food delivery and with minimal chances of error. Drones can be used to perform unmanned searches and carry out rescue missions in cases of natural disasters without risking human life, meanwhile increasing the chances of surviving. The surge in demand for drones to conduct maintenance works, along with the removal of trash and oil spills from water, is expected to boost the market growth. Increasing deployment of unmanned aerial vehicles for border patrolling activities and combating terrorism is boosting the demand in the defense sector. The government of Singapore is using drones for urban infrastructure management, farming, and ensuring the highest level of public safety. Drones are being used for the process of land management to efficiently capture the aerial views, as in Singapore, a large area needs to be monitored and maintained.
Singapore drone market is segmented into type, segment, application, payload, regional distribution, and company. Based on segment, the market can be divided into military and commercial. The commercial segment is expected to witness substantial growth in the forecast period, 2024-2028, due to the presence of blooming industries and the technological advancements to make the drone more efficient.
The major players operating in the Singapore drone market are H3 Dynamics Holdings Pte. Ltd., Kelley Aerospace, DJI (Authorized Dealer Avetics Global), Garuda Robotics Pte. Ltd., MIRS Innovate Pte. Ltd., Infinium Robotics, Parrot SA (Authorized Dealer Singapore Hobby Supplies Pte Ltd), General Atomics, Lockheed Martin Corporation, Northrop Grumman Corp, among others. Major companies are developing advanced technologies and launching new services to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new service developments.
Objective of the Study
- To analyze the historical growth of the market size of Singapore drone market from 2018 to 2021.
- To estimate and forecast the market size of Singapore drone market from 2022 to 2028 and growth rate until 2028.
- To classify and forecast Singapore drone market based on type, segment, application, payload, regional distribution, and company.
- To identify dominant region or segment in the Singapore drone.
- To identify drivers and challenges for Singapore drone market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Singapore drone market.
- To identify and analyze the profile of leading players operating in Singapore drone market.
- To identify key sustainable strategies adopted by market players in Singapore drone market.
Market Insights Research performed both primary as well as exhaustive secondary research for this study. Initially, Market Insights Research sourced a list of manufacturers across the globe. Subsequently, Market Insights Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, Market Insights Research could include the manufacturers who could not be identified due to the limitations of secondary research. Market Insights Research analyzed the manufacturers, distribution channels and presence of all major players across the globe.
Market Insights Research calculated the market size of
Key Target Audience
- Drone manufacturing companies
- Market research and consulting firms
- Government bodies such as regulating authorities and policy makers
- Organizations, forums, and alliances related to drone market.
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
| Attribute | Details |
| Base Year | 2022 |
| Historical Data | 2018 – 2021 |
| Estimated Year | 2023 |
| Forecast Period | 2024 – 2028 |
| Quantitative Units | Revenue in USD Million, Volume in Units and CAGR for 2018-2022 and 2023E-2028F |
| Report coverage | Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends |
| Segments covered | · Vehicle Type · End Use · Fuel Type |
| Regional scope | Central & East; North-East; North; West |
| Key companies profiled | H3 Dynamics Holdings Pte. Ltd., Kelley Aerospace, DJI (Authorized Dealer Avetics Global), Garuda Robotics Pte. Ltd., MIRS Innovate Pte. Ltd., Infinium Robotics, Parrot SA (Authorized Dealer Singapore Hobby Supplies Pte Ltd), General Atomics, Lockheed Martin Corporation, Northrop Grumman Corp |
| Customization scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and purchase options | Avail customized purchase options to meet your exact research needs. Explore purchase options |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
