The Global Electric Drone Market Size Was Valued At USD 18.15 Billion In 2022 And Is Projected To Reach USD 27.43 Billion By 2030, Growing At A CAGR Of 5.3% From 2022 To 2030.
Drones are unmanned aircraft. They are also called unmanned aerial vehicles (UAVs) or unmanned aircraft systems. A drone is basically a robot that hovers in the air and can be controlled from a distance or flown on its own with the help of software, onboard sensors, and a GPS. Drones are used for many different things, like keeping an eye on traffic, taking videos, farming, delivering packages, and keeping an eye on the weather. However, they are mostly used for search and rescue and surveillance.
Since the Second World War, drones and other unmanned aerial vehicles (UAVs) were mostly used by the military and for defense. They are used for anti-aircraft target practice, aerial surveillance, weapons, gathering intelligence, spotting artillery, and, more controversially, as weapons platforms. For example, it was used to train people to shoot down planes and to fly attack flights. During World War II, Nazi Germany made and flew a number of unmanned aerial vehicles (UAVs), such as the Argus 292 and the V-1 flying bomb with a jet engine.
Drones have sensors like ultrasonic, laser, or LIDAR distance sensors, time-of-flight sensors, chemical sensors, and stabilization and orientation sensors for better flight control, precise location control, and communication operations. For example, thermal sensors can be used for security and surveillance tasks like finding heat signatures and following animals. Hyperspectral sensors can tell the health of crops, the quality of water, and the makeup of the surface, as well as identify minerals and plants.
What COVID-19 does to the market for UAV drones Before the pandemic, the demand for drones around the world grew quickly because they could be used in many different industries. But when COVID-19 hit, industrial activity around the world slowed down. This made fewer people want to buy drones. Since demand is driven by end-use industries that use drones mostly for purchasing, putting limits on non-essential industrial activity caused demand to drop.
Even though the short-term outlook isn't great, more investments in technology are likely to help the market grow in the long run. Even though the market for UAV drones isn't very big right now, it will continue to grow because of the growing need for data generated by drones in commercial applications, key technological advances, and expected venture funding in UAV drones. With the way technology is changing right now, it's likely that more UAV drones will be used for a wider range of tasks in both the military and the private sector.
- Integration of Machine Learning and Artificial Intelligence Technology
Drones are better at analyzing millions of images than people are, so they can provide safer, more accurate, and more reliable data. This helps managers in many industries make better decisions. Companies are relying more and more on software to collect and analyze accurate data, which is making the global business output even better. Customers can regularly make real-time maps with the help of new hardware and components, such as better cameras, faster computers, and faster microprocessors.
Through aerial imaging technology, modern computers can make live maps that can be used by drones in real time. Because of this, big companies are working on combining machine learning and artificial intelligence to analyze a lot of data in the form of millions of images taken from the air by drones on a regular basis. Object identification and measurement systems are being used by a lot of companies to make software tools that can automate site analysis. It is expected that this new technology will help with disaster response, emergency services, and relief work. So, the new development will help the growth of the market for unmanned aerial vehicles in the future.
- Growing Demand for Surveillance Drones
The electric drone market is mostly driven by the growing demand for surveillance drones and the fast-growing use of electric drones in spy missions. These unmanned vehicles are very helpful for modern, digital forms of communication that are very secure and reliable. Also, these vehicles have payloads like electro-optical/infrared sensors, a camera, a global positioning system (GPS), and electronic intelligence, which help them quickly update their communications equipment.
- Growing Demand in Military Applications
In many countries, there has been a strong demand for UAVs in the last few years. This is due to the rise of drone technology and the many uses it has. Due to an increase in enemy trespassing and border crossing, many countries have bought a lot of UAVs. It is made to do tasks like intelligence gathering, surveillance, and reconnaissance during different missions. The aerodynamic structures are made for airstrikes on the areas that have already been chosen as targets. About 50 countries have bought and built their own versions of military drones in preparation for future wars and anti-terrorism efforts. The main countries that sell military drones are the U.S., Israel, China, and the U.K. But the U.S. is very good at making armed drones and the different kinds of drones that can be used as weapons. In the coming years, market growth is likely to be driven by these key factors.
- The Emergence of Commercial Drones Applications to Propel Growth of Market
Most businesses have signed up to use drones to gather a lot of information that will help them make strategic decisions. It has become the commercial sector's fastest-growing market, and it is used in construction, mining, oil and gas, agriculture, and other fields around the world. Due to its high commercial use for mapping, observation, surveying, and inspection studies, the construction industry is likely to offer a big chance to grow the market.
Massive projects to build infrastructure need real-time data to understand what's happening on the ground and what problems might come up in the future. The construction industry is the one where drones of all shapes and sizes are being used the most quickly. It is helping many engineers and experts make better business decisions by mapping millions of aerial images and information. This is made possible by software that is very good at analyzing data. The market is expected to grow in the coming years because more and more businesses and government agencies are using it.
- Growing Demand for Unmanned Aerial Vehicle (UAV) Across Various Applications
Aerial robots, especially small UAVs and drones, have come a long way in the past few years in terms of how they are made, how they fly, and how they are controlled. Unmanned aerial vehicles (UAVs) are being used more and more in a wide range of civil applications, such as wireless coverage, real-time monitoring, remote sensing, precision agriculture, delivery of goods, search and rescue, security and surveillance, and inspection of civil infrastructure.
UAVs can take pictures, record videos, send data, and do other things that let them collect and share information that would take a long time to do with the tools we have now. In the unmanned aerial vehicle (UAV) market, it is also being used more and more in fields like real estate management, insurance, and agriculture. These deployments have to do with taking pictures, making public announcements, and keeping an eye on the crowd. They also have to do with delivering medical supplies and other necessities, screening large groups of people, and spraying disinfectants.
But there are still some problems that need to be fixed in the market for unmanned aerial vehicles (UAVs), such as when they are out of sight, battery life, the lack of clear government laws, and how much weight they can carry.
- Lack of Skilled Pilots and Stringent Regulations to Hamper Future Demand
In many countries, commercial drones are used for surveying, mapping, and keeping an eye on things. Due to strict government rules about using airspace to prevent accidents and keep people safe, the industry is having a hard time growing its market in a number of countries. Also, the lack of air traffic management for commercial UAV flights and restrictions in cities are expected to slow growth over the next few years. The lack of skilled professional pilots to control unmanned aerial vehicles with different payloads and sizes is also a big problem in many countries. So, the risk of collateral damage, safety problems, and loss of money due to security worries can slow down demand in the coming years.
- Ensuring Efficiency and Safety of the Drones
Commercial unmanned aerial vehicles use global positioning technology to get where they need to go, just like recreational drones. This lets controllers know exactly where a vehicle is, even when it is a long way away. The problem is that the GPS sometimes doesn't tell the controllers what's going on in the area. If unmanned aerial vehicles can't tell what else is in the air, they could get in the way of other planes' flight paths and pose a safety risk. But geo-fencing helps solve this problem by putting up a virtual fence that drones have to stay inside. These programmed no-fly zones keep unmanned systems from going into restricted areas or flying at high altitudes, where they could interfere with the work of manned aircraft.
- Delivery Authentication and Cybersecurity Concerns
To protect privacy and safety, there needs to be a protocol for verifying who is making drone deliveries. To make sure that the package gets to the right person, there must be clear rules. In suburbs with a lot of people, you might need your thumb or finger print or a digital signature to get packages.
Since they don't have much security, it's also worrying that the number of hacking incidents is going up. Companies in the drone industry offer analytics software as a service to their customers. For this to work, data needs to be processed by servers in the cloud. Since the data is sent to and stored in a cloud network outside of the company, it is easy to hack. For data security, businesses also need cloud servers with a high level of security. So, worries about data security and data encryption make it hard for the UAV market to grow.
- Simultaneous Localization and Mapping
SLAM (Simultaneous Localization and Mapping) algorithms are used to make landmark-based, terrain-assisted navigation systems that can build maps on the fly. Such systems use the generated map to fix any mistakes in the inertial navigation system at the same time. Many ground robots use SLAM techniques to move around, but only a few of them use vision sensors. Most of the time, these methods are used with GPS/INS sensors. In 2002, S. Lacroix et al. presented a new idea for autonomous UAV navigation based on a SLAM algorithm and tested on a 6 DOF airborne platform. The group's work showed that SLAM-enhanced, low-cost GPS/INS systems could be used to guide UAVs in places where GPS doesn't work, like urban canyons, indoors, or even underwater. Other Stanford researchers (K. Jonghyuk et al.) have made passive GPS-free navigation for small UAVs that work in places where GPS signals are blocked or hidden by natural or man-made features. The method of navigation is based on just an IMU and a single-eye camera. SLAM is the core of this work. SLAM algorithms will make drones more reliable and are a big chance for the UAV industry.
- Technological Development
Technological development in electronics and integrations of modern technologies such as artificial intelligence (AI) and machine learning (ML) into drones using modern computing, microcontrollers, processors, and mobile hardware is driving the industry to new heights. They enable high-speed data capture, processing, and transfer for their consumers, allowing them to make real-time, data-driven decisions. Artificial intelligence helps drones to work efficiently by managing and storing massive volumes of data with cloud technologies. Skydio, Inc., a drone manufacturer, presented the Skydio X2 AI-enabled drone to meet the demand of the most sophisticated fleets in the drone market.
- In September 2019 - Trimble Select told Sensefly about its newest partnership. As a Trimble Choice partner, senseFly's fixed-wing drone equipment is available at all Trimble Dealer and Vantage distribution centers.
- In April 2021 - AgEagle AeriAL Systems Inc. said that it would buy Measure Global Inc. ("Measure"). With the addition of Measure's advanced software to the AgEagle platform, Gauge's drones can now be used by agricultural, commercial, and industrial customers who want to take advantage of important economic, safety, and efficiency benefits.
- In June 2021 - Israel Aerospace Industries (IAI) has given a contract worth USD 200 million to a company that will support the Heron unmanned aerial vehicle starting. Heron is a medium-altitude, long-endurance (MALE) unmanned aerial vehicle (UAV) system that was mostly made for strategic reconnaissance and surveillance.
- In May 2021 - The US Army gave Teledyne FLIR LLC a contract worth USD 15.4 million to make the palm-sized Black Hornet 3 unmanned aerial vehicle (UAV). The Black Hornet 3, which is called a "personal reconnaissance system," weighs 33 g and is 168 mm long with a 123 mm rotor diameter.
- In January 2021 - Aerovironment, Inc. will say that it has bought Arcturus UAV, Inc. for USD 405 million. Arcturus UAV, Inc. is a company that makes complete unmanned aerial systems.
- In January 2021 - The Indian Army said that it had given ideaForge Technology Pvt.Ltd. a USD 20 million contract to make high-altitude SWITCH unmanned aerial vehicles (UAVs). This unmanned aerial vehicle (UAV) with a fixed wing that can take off and land vertically can be used for day and night surveillance at high altitudes and in dangerous conditions. ISR (Intelligence, Surveillance, and Reconnaissance) is a great way to use the SWITCH UAV.
- In January 2021 - The Federal Aviation Administration (FAA) has given American Robotics, Inc. permission to fly fully automated drones without people on board starting. Because of this, the FAA is getting closer to making a system for managing the traffic of unmanned aircraft.
Top market players are
AgEagle is a world leader in the UAV industry. It offers a unified line of high-performance flight hardware, sensors, and software that has earned the trust and loyalty of customers all over the world over the past ten years.
MicaSense provides agricultural remote sensing solutions. The company sells MicaSense RedEdge, which is a multispectral camera designed to work well in small unmanned aircraft systems and on manned aircraft. MicaSense RedEdge provides multi-band data for remote sensing applications in agriculture. It lets growers and agronomists find areas of stress in a crop and deal with them right away. It also lets them apply the right amount of nutrients and take other steps to prevent disease based on the actual field conditions.
The Festo Group is a world leader in automation technology and a provider of solutions for technical education. As an independent family business that works all over the world and has its headquarters in Esslingen, Germany,
Agribotix provides drone-enabled precision agriculture solutions. For precision agriculture, the company processes and looks at data. It has the Agribotix Hornet Drone, which is an airframe for a drone, and the Agribotix Infrared and Thermal Sensors, which are thermal cameras that take pictures over areas of interest.
LeddarTech, Inc. sells systems for detecting and following things in 3D. The company provides accurate, non-intrusive detection of cars, bikes, and people for traffic management systems, as well as detection for advanced driver assistance systems and safety systems. LeddarTech serves the transportation, automotive, and industrial markets around the world with its ranging systems.
Parrot SA (Parrot) is a company that sells commercial drones, including the hardware and software for them. The products that the company sells are ANAFI Ai and ANAFI USA. Services like Air SDK, Sphinx, and C.A.D. Modeling are available. The company serves the inspection, defense and security, precision agriculture, and 3D mapping and geomatics industries. It designs and builds its products mostly in France and Switzerland in Europe. Parrot is h
Headwall Photonics, Inc. sells spectronomers that are made for a certain use. The company offers analytical spectroscopy, military and defense, life sciences, and telecommunications industries gratings, spectrometers, hyperspectral imaging, and design services.
Gamaya uses a combination of Remote Sensing and Artificial Intelligence to give crop specialists automated agronomic crop insights. We can diagnose crop conditions more accurately and on a larger scale than many of our competitors.
Novariant is made by AgJunction Inc., which is known as the Autosteering Company. AgJunction is the world leader in precision agriculture solutions for advanced guidance and autosteering. Its technologies are important parts of over 30 of the world's best precision Ag manufacturers and solution providers, and it holds about 200 basic steering and machine control patents.
The Shadow Robot Company designs and makes robot hands and other systems that look like human hands. It has teleoperation systems, dexterous hand series, and dexterous hand and glove. The company also offers consulting services, opportunities to work together on research, and robots for hire.
Yanmar Holdings Co Ltd, also known as "Yanmar," makes industrial equipment. The company makes tractors, tillers, harvesters, rice transplanters, engines that move boats, compressors, and engines that move boats. Yanmar also has a co-generation system, a bio-gas co-generation package, a gas heat pump air conditioning system, generators, a wheel loader, a carrier, an excavator, and both water-cooled and air-cooled diesel engines.
URSULA Agriculture is a company that uses drones and data analysis to help farmers do their jobs better. They tell farmers about the current state of crops, which helps them make decisions and take action. Their advanced analysis algorithms use remote sensing and analysis to give the whole sector "state of the crop intelligence."
The market is segmented on the basis of type, point of scale, platform, system, application and region.
By Type Outlook:
The UAV market is split into two types: fixed-wing and rotary-wing. CTOL and VTOL are two more types of fixed-wing planes. Fixed-wing UAVs that can take off and land vertically are used for a wide range of commercial and military tasks. Since these UAVs can take off and land vertically, they don't need launchers or runways to be used. This means they can be used in any place or environment. Because these UAVs have fixed wings, they can stay in the air longer. Fixed-wing UAVs that can take off and land vertically can go fast over long distances and cover more ground than multirotor UAVs. These UAVs are used for many different things, like farming, surveying, mapping, inspecting infrastructure, keeping an eye on things, etc. In January 2022, Wingcopter, a German company that was the first to use drones to deliver packages, and Spright, a subsidiary of Air Methods, a leading American air medical service provider, announced a deal worth more than USD 16 million.
- Fixed Wing
- Rotary Wing
By Point of Scale:
Based on point of sale, the unmanned aerial vehicle market is segmented into aftermarket and Original Equipment Manufacturers (OEMs). OEM segment is expected to register a considerably rapid revenue growth rate over the forecast period. OEMs have more technical knowledge, higher product quality, and a larger inventory of replacement parts, making them a more acceptable alternative for purchasing UAVs. Purchasing UAVs from OEMs gives extra benefits such as service agreements and warranties on OEM-sold components. This is expected to boost growth of the segment.
The UAV market has been split into two groups based on the platforms they use: civil and commercial and defense and government. Due to the high price of military drones, Defense & Government had the biggest share of the market in 2022. Defense and Government is further broken down into small, tactical, and strategic parts. Strategic drones include high-altitude long-endurance (HALE) and medium-altitude long-endurance (MALE) UAVs. At high altitudes, these UAVs tend to be heavy, so they need to have a long range and be able to stay in the air for a long time. The Global Hawk from Northrop Grumman (US) and the Sentinel from Lockheed Martin are the two most well-known versions of the HALE UAV (US).
- Civil & Commercial
- Defense & Government
The UAV market is split into UAV Airframe, UAV Avionics, UAV Payloads, UAV Propulsion, and UAV Software based on the system. Due to the use of a modern electronics system, route control, and an automated flight management system, the UAV avionics segment is expected to have a very high revenue growth rate over the next few years. The Global Navigation Satellite System (GNSS) is the basis for many organizations' efforts to improve their navigation systems. This is done to make sure that flights run smoothly. This improvement will make it easier for drones to recognize objects, avoid collisions, and control their own flights. For military missions, logistics and transportation, and disaster relief operations, the software system will be more accurate and fully equipped with real-time airspeed, altitude detection, and location detection.
- Ground Control Station
- Launch & Recovery System
By Application Outlook:
The UAV market is divided into four different types based on how they are used: military, commercial, government and law enforcement, and consumer. Because military UAVs are so expensive, they made up the largest part of the UAV market in 2022. ISR, combat operations, and delivery are some of the other types of military UAVs. During the forecast period, the delivery sub-segment of military UAVs is expected to grow the most. This is because drones are being used to bring medical supplies, food, and ammunition to battlefields. Military drones are being looked for all over the world so that emergency supplies can be sent straight to the front lines. Armed forces use delivery drones to send ammunition and food to troops. For example, the Program Executive Office for Unmanned Aviation and Strike Weapons of the US Marine Corps has asked UAV manufacturers for information about unmanned vehicles that can deliver emergency supplies to battlefields and weigh no more than 1,320 pounds and can work in harsh environments. This request was made through the website of the Program Executive Office for Unmanned Aviation and Strike Weapons.
- Government & Law
North America is an important market for electric drones because the US government and regional defense agencies have put a lot of money into making them small, light, and effective. Most of the growth in the North American market comes from the growing use of electric drones in military operations and in surveillance. Drones are mostly used in this region for research, recreation, business, and farming. The electric drone market in the Asia Pacific is being driven by the growing use of electronic drones in photography projects and programs to protect wildlife, as well as the growing interest in making electric drones that are easy for consumers to use.
North America will be the biggest market in the world by 2021, with 36.0% of the total revenue share. This is because more people are using technology. The U.S. Federal Aviation Administration (FAA) is going to start a lot of new, aggressive programs, and the government is going to spend more and more on high-tech drones. This is likely to help businesses in the region grow.
The global market for Electric Drones has been looked at in different parts of the world, like North America, Europe, Asia-Pacific, Latin America, the Middle East, and India. In the near future, this market will be dominated by the global region.
- North America
- Rest of North America
- Nordic Countries
- Benelux Union
- The Netherlands
- Rest of Europe
- South Korea
- Southeast Asia
- Rest of Southeast Asia
- Rest of Asia-Pacific
- The Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Rest of Latin America
Scope of Report:
|Value (USD Billion)
|CAGR of 5.3% from 2023 to 2030
- Fixed Wing
- Rotary Wing
By Point of Scale
- Civil & Commercial
- Defense & Government
- Ground Control Station
- Launch & Recovery System
- Government & Law
- Shadow Robotics
- Yanmar, Trimble
- URSULA Agriculture
| Regional Scope
- North America
- The Middle East & Africa
- Latin America
|Reasons to Purchase this Report and Customization Scope
- 6-month post-sale analyst assistance.
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- The report looks at the key organizations and companies in the global drone market and compares them based on their product offerings, business overviews, geographic presence, business strategies, segment market share.
- The report also has a detailed analysis of what's going on with the companies right now, including product development, new ideas, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other things.
- The report gives information about market trends and highlights the most important changes in the Electric Drone Market.
- In addition to the things listed above, the report also talks about a number of other things that have helped the advanced market grow in recent years.