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The drone robots market size is projected to grow by USD 21.64 billion at a CAGR of 46.02% from 2023 to 2028. Market growth is driven by expanding applications, advancements in sensor technology, affordable models, and increased use of drone services. These drone robots perform tasks like autonomous navigation, obstacle avoidance, and extended flight times, serving sectors such as logistics, agriculture, surveillance, and infrastructure maintenance. Despite challenges like cybersecurity risks and regulatory disparities, continuous innovation and adaptation drive market expansion.
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In the vast landscape of agriculture, drones and ground-based robots equipped with advanced sensors and cameras are revolutionizing weed management and crop monitoring. These technologies enable precise agricultural monitoring and crop management, optimizing harvesting processes while minimizing labor. Beyond agriculture, drones find applications in defense, logistics, and entertainment, providing crucial support in disaster response and aerial surveillance. In filming and aerial entertainment, drones offer unique perspectives, while in infrastructure inspection and geological prospecting, they facilitate efficient data collection. With the integration of artificial intelligence and machine learning, drones exhibit autonomous capabilities, complemented by swarming technology and soft robotics. Moreover, innovations like automated milking systems and precision farming underscore the transformative potential of IoT-enabled trackers and precision agriculture tools in shaping the future of agriculture and beyond. Our market growth analysis report examines historic data from 2018 - 2022, besides analyzing the current and forecasts market scenario.
The global market is propelled by the expanding applications. By 2023, it is estimated that there will be over 4 million drones deployed worldwide. Unmanned Aerial Vehicles (UAVs) provide convenience by handling difficult and hazardous tasks. Drones aid in location surveys, are operated safely by humans, and find use beyond the military sphere. commercial drone sector has seen a surge in drone use, spanning asset protection, disaster response, search and rescue, medical and agriculture, as well as surveillance and delivery.
Drones excel in various roles due to their advanced features and are predicted to see extensive use in the future. Leveraging mobile, smart, and connected sensors, vendors enhance drone capabilities, incorporating GPS, imagery, and ultrasonic range sensors. The market expects an influx of affordable drones as sensor costs decrease, meeting the demands of novice users. The industrial inspection segment holds a market share of 42% in the drone robots market.
The global market is set to thrive due to fresh advancements and innovations. The military and defense sector is expected to experience a growth rate of 16% in the market by 2027. The drone robotics sector has been swiftly evolving, witnessing frequent breakthroughs. These encompass increased autonomy, advanced applications, enhanced battery tech, regulatory shifts, and industry amalgamation. Such developments will drive market growth in the forecast period.
The rising demand for oil and gas, driven by urbanization and industrialization, prompts exploration in remote locations. Dwindling production from existing fields has led companies to seek resources in challenging environments, addressable by emerging technologies like drones and robots. Drones, being cost-effective and efficient, excel in inspection and surveillance across air, land, and water, tackling tasks beyond human capacity.
The susceptibility to cybersecurity risks could significantly hinder market share. Drones rely on varied technologies for platform-controller communication and data sharing. Unmanned Aerial Vehicles (UAVs) lack manual onboard aids, relying solely on sensor-transmitted parameters for flight details. Disrupting data transmitted over UAV data links can lead to disastrous disturbances in flight parameters like speed and altitude.
Drones on unencrypted Wi-Fi networks face external interference due to data integrity verification absence. Wireless communication's channel reliance exposes them to brute force attacks that flood channels, blocking legitimate signals. De-authentication attacks by intruders disrupt control station-UAV links, affecting navigation sensors and control. Drone operational range surpasses manned aircraft, but widespread usage is hindered by regulations.
The commercial segment will contribute a major share of the market. As commercial UAVs have evolved significantly since early iterations with few features, commercial drones are aircraft used for commercial and industrial purposes. Their sophisticated features make such aircraft ideal for complex tasks.
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The commercial segment showed a gradual increase in market share with USD 1.02 billion in 2018. A trained and experienced pilot flies the drone and remotely controls it from the ground. To govern the use of both commercial and consumer UAVs, the Federal Aviation Administration (FAA) has established a set of regulations. FAA Part 107 regulations apply to the commercial use of drones in the United States. Commercial drone pilots must be certified and licensed and are not permitted to fly at night or in controlled airspace without authorization.
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North America is estimated to contribute 39% to the growth during the forecast year. Technavio's analysts have provided extensive insight into the market forecasting, detailing the regional trends and drivers influencing the market's trajectory throughout the forecast period. North America leads global drone operations, especially in the U.S., where drone robotics revenue primarily stems from the military, defense, and commercial sectors. In 2020, the commercial sector accounted for approximately 57% of the market. The adoption for aerial photography is rising steadily, alongside the emergence of drone racing leagues, fostering regional market growth. Commercial drone proliferation prompts e-commerce companies and logistics providers to integrate drones for competitive supply chain solutions. The U.S. is a major producer and consumer of transportation and logistics drones, driven by the e-commerce boom. Utilizing drones for swift, reliable deliveries, fueled by increased e-commerce sales, will propel North American drone market growth in the foreseeable future.
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
We also have detailed analyses of the market’s competitive landscape and offer information on key companies, including:
Aarav Unmanned Systems Pvt. Ltd., Aerosight Technologies, BRINC, Cleo Robotics Inc., Dhaksha Unmanned Systems, ideaForge Technology Ltd., KARNATAKA AGRO CHEMICALS, OTSAW Digital Pte Ltd., Parallel Flight Technologies, Parrot Drones SAS, Prime UAV, Skyfront, Skylark Drone, SZ DJI Technology Co. Ltd., Thanos Technologies Pvt. Ltd., UUC TECHNOLOGY CO. LTD., vectorbirds airborne systems GmbH and Co. KG, Vision Aerial Inc., Volocopter GmbH, and Wingcopter GmbH
Technavio market forecast the an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies companies into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Companies are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.
The market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018 - 2022 for the following segments.
The market is witnessing remarkable growth across various sectors such as construction, filming, infrastructure inspection, and agricultural monitoring. Key drivers include the demand for aerial surveillance, mapping, and real-time data collection for informed decision-making. Advanced sensor technologies like LiDAR, thermal imaging, and multispectral cameras enhance capabilities for search and rescue operations and environmental monitoring. With the advent of machine learning algorithms and autonomous navigation, drones are increasingly employed in autonomous delivery services and asset management. High-resolution cameras and sophisticated sensors enable precise 3D mapping and crop management, revolutionizing precision agriculture. The market is also influenced by trends like swarming technology, soft robotics, and the integration of 5G and blockchain technology for IoT-enabled trackers and smart sensors. Despite challenges like unpredictable weather patterns, drones remain at the forefront of innovation, serving as trailblazers in modern remote sensing and data collection.
Moreover, the market experiences dynamic growth fueled by advancements like autonomous navigation capabilities and smart planters. Drones excel in object identification and search and rescue missions, while site surveying and precision agriculture tools optimize efficiency. With versatile payloads and ground-based robots, tasks like harvesting and crop protection are revolutionized. Livestock management benefits from automated milking systems, enhancing precision farming practices. IoT devices enable remote monitoring, while field mapping technologies ensure accurate data collection. In the realm of consumer UAV and civilian UAV, security remains paramount, with electronic speed controllers and drone volts ensuring safe operations. As the industry navigates robotics market dynamics, drones emerge as trailblazers in transforming various sectors and paving the way for future innovations.
Market Scope |
|
Report Coverage |
Details |
Base year |
2023 |
Historic period |
2018 - 2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 46.02% |
Market growth 2024-2028 |
USD 21.64 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
32.78 |
Regional analysis |
North America, Europe, APAC, Middle East and Africa, and South America |
Performing market contribution |
North America at 39% |
Key countries |
US, China, Germany, UK, and Japan |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Aarav Unmanned Systems Pvt. Ltd., Aerosight Technologies, Airpix, BRINC, Cleo Robotics Inc., Dhaksha Unmanned Systems, ideaForge Technology Ltd., KARNATAKA AGRO CHEMICALS, OTSAW Digital Pte Ltd., Parallel Flight Technologies, Parrot Drones SAS, Prime UAV, Skyfront, Skylark Drone, SZ DJI Technology Co. Ltd., Thanos Technologies Pvt. Ltd., UUC TECHNOLOGY CO. LTD., vectorbirds airborne systems GmbH and Co. KG, Vision Aerial Inc., Volocopter GmbH, and Wingcopter GmbH |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by Application
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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