GVR Report cover Commercial Drone Market Size, Share & Trends Report

Commercial Drone Market Size, Share & Trends Analysis Report By Product, By Application, By End-use, By Propulsion Type, By Range, By Operating Mode, By Endurance, By Region, And Segment Forecasts, 2023 - 2030

  • Report ID: 978-1-68038-482-6
  • Number of Report Pages: 171
  • Format: PDF, Horizon Databook
  • Historical Range: 2018 - 2021
  • Forecast Period: 2023 - 2030 
  • Industry: Technology

Report Overview

The global commercial drone market size was estimated at USD 19.89 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 13.9% from 2023 to 2030. The market growth is attributed to the increasing enterprise application of drones across various industry verticals. Several drone manufacturers are continually testing, inventing, and upgrading solutions for diverse markets. Besides, the integration of modern technologies in commercial drones to deliver enhanced solutions is opening new growth opportunities for the commercial drone industry. The business use cases of commercial drones have expanded significantly over the past few years.

U.S. commercial drone market size and growth rate, 2023 - 2030

Drones are increasingly adopted in the construction and real estate sectors due to their ability to survey a property, offer constant and exact project alerts, increase safety, and prevent harmful accidents on construction sites. Moreover, their conventional applications, such as monitoring, surveillance, and security, have boosted the product demand for search and rescue operations, identifying unstable roofs in dangerous and inaccessible positions, and inspecting elevated infrastructure that might damage equipment such as electrical cables.

The commercial drone market growth is further driven by technological advances in electronics, such as modern computing, microcontrollers, processors, mobile hardware, and cameras. For instance, in September 2022, AeroVironment Inc. launched Vapor 55MX, a next-generation VAPOR Helicopter that caters to customers from the defense, commercial, and industrial sectors.

Technological advancements allow companies to design and construct measurement and annotation tools for estimating area, volume, and distance. As a result, organizations are constantly adopting Artificial Intelligence (AI) and Machine Learning (ML) solutions to retrieve accurate findings from large volumes of data. Integration of these modern technologies provides the industry with ample opportunities as they facilitate real-time, data-driven decision-making through high-speed data capture, processing, and transfer. AI-powered drones also allow users to interact and observe footage captured by other drones in real-time and track their flight paths.

Furthermore, due to the COVID-19 outbreak, there has been a significant surge in the use of drone technology in various contexts, with drones becoming immensely beneficial in such scenarios. To speed up transportation turnaround times and reduce the risk of infection, drones were widely used in the healthcare industry for the pickup and delivery of test samples and the transportation of medical supplies. According to UNICEF, over eighteen countries used drones for delivery and transportation throughout the pandemic.

Product Insights

The rotary blade segment held the largest revenue share of over 79% in the commercial drone market in 2022. The demand for rotary blade drones is anticipated to surge for inspection activities owing to their ability to hover and execute agile maneuvering while maintaining a visual on a particular target for prolonged periods. These drones are often seen as a suitable alternative for various business applications such as surveillance, filmmaking, photography, and monitoring. In addition, they are easier to control than hybrid and fixed-wing counterparts.

The hybrid segment is expected to attain a CAGR of around 18% over the forecast period owing to the advantages associated with these commercial drones. These drones enhance their efficiency and power by integrating the capabilities of batteries and fuel. Moreover, these drones can fly for long periods with heavier payloads, even in severe weather conditions.

Application Insights

The commercial application segment accounted for a revenue share of over 73% in 2022. Applications such as filming & photography are increasingly using drones for key shots in movies. Photographers are rapidly adopting drones and these drones are quickly becoming a vital element of professional photography. Companies such as DJI are developing small drone cameras capable of capturing high-quality images for professional photographers. The elevated procurement of drones for aerial cinematography and photography such as the Autel EVO II, Parrot Anafi FPV, DJI Mavic 2 Pro, DJI Mini 2, and DJI Mavic 2 Zoomisre likely to fuel segment growth.

The precision agriculture application is expected to record a considerable CAGR of over 15% from 2023 to 2030 as drones are becoming one of the essential aspects of farm management. Agriculture costs are being reduced and farmers are raising yields worldwide with the assistance of drones. Drones enable farmers and agricultural employees to collect farm data, automate repetitive tasks, and increase productivity. Drones also help farmers with various activities, such as field monitoring and analysis and agricultural plantation planning to evaluate crop growth and health. For instance, Raptor Maps, a U.S.-based agriculture analytics firm, uses drones to help farmers assess their potential harvest better.

End-use Insights

The media & entertainment segment accounted for a market share of over 22% in 2022 and is expected to record notable growth over the forecast period. Drones have numerous applications in media and entertainment. Filmmakers are now using professional drones for the most cost-effective and exact frame capture possible. The increasing demand from clients and owners for aerial photography to advertise amusement parks, public spaces, tourist attractions, hotels, and resorts is expected to drive the segment's expansion.

The delivery & logistics segment is expected to witness the fastest CAGR of 17.8% from 2023 to 2030 with the expansion of the e-commerce sector across the globe. With the increased demand for quick delivery of goods, drones are being increasingly used in e-commerce warehouses for product warehousing and delivery. Warehouses worldwide are making significant investments to enhance the level of automation. In this regard, drones find an important usage in operations, such as barcode scanning, that require more person-hours.

Range Insights

The visual line of sight (VLOS) segment accounted for the largest market share of over 69% in 2022. The varying legislations and regulations regarding the operation of commercial drones are key factors for the segment. Similarly, the ease of flying drones in a visual line of sight is popular due to the ability to avoid obstacles and other hindrances. Thus, the segment dominated the commercial drone industry.

The beyond visual line of sight segment is expected to grow at the fastest CAGR of around 14% over the forecast period. The use of commercial drones for long distances and complex commercial tasks is expected to drive the growth of the segment. In addition, the autonomous capabilities of these drones are enabling operators to use them in increasing instances.

Operating Mode Insights

The remotely piloted segment accounted for the largest market share of over 59% in 2022. The existing popularity of remotely piloted commercial drones in applications such as agriculture, videography, surveillance, and more, is attributed to the dominance of the segment. In addition, remote pilots operating commercial drones satisfy the need for manual operation and intervention in times of distress. This, in turn, is expected to drive the segment demand positively.

The fully autonomous segment is expected to grow at the fastest CAGR of 15.8% over the forecast period. The segment is expected to grow as fully autonomous operated drones can perform operations without any human intervention from take-off to landing. These drones can complete these maneuvers entirely on their own, relying on onboard sensors, algorithms, and the implementation of artificial intelligence. In addition, fully autonomous drones offer the potential for scalable operations. Multiple drones can be deployed simultaneously, working in a coordinated pattern, covering large areas, or performing critical tasks, such as rescue missions and agriculture surveys, among others. This, in turn, is expected to further fuel the segment’s growth.

Endurance Insights

The <5 hours segment accounted for the largest market share of over 70% in 2022. Commercial drones carrying payloads and equipment for various applications such as pesticide spraying and surveillance, among others, are expected to add to the segment’s growth. Also, the popularity of affordable drones in this segment is a key factor for its high demand.

The 5 - 10 hours segment is anticipated to grow at the fastest CAGR of 14.6% over the forecast period. The segment growth is attributed to the capability of these drones to carry larger payloads for longer duration efficiently. In addition, drones in this segment are popular among enterprises that require large amounts of data gathering and monitoring. Similarly, the trend of fully autonomous drones enables operators to deploy these drones on a pre-planned route for maximum effectiveness and output.

Maximum Takeoff Weight Insights

The <25 kg segment accounted for the largest market share of 81% in 2022. This is credited to the operational flexibility and easy operational functionality of such drones. Moreover, the takeoff weight makes the drone suitable for a wide range of applications while adhering to stringent regulations. Similarly, drones are capable of maneuverability in compact areas while maintaining efficient flight capabilities that are expected to add to the segment demand.

The 25 kg - 500 kg segment is expected to grow at the fastest CAGR of over 15% over the forecast period. Such drones are increasingly deployed in complex commercial applications as they can easily carry heavy payloads with the help of cameras, sensors, and autonomous capabilities. Also, these drones have already been widely used to transfer medicines and other healthcare supplies to remote areas. During the COVID-19 pandemic, the safety and efficiency factor of drones in this segment helped increase demand to transport healthcare products and in search & rescue and disaster support operations.

Propulsion Type Insights

The hybrid segment is expected to grow at the fastest CAGR of 14.4% over the forecast period. The segment growth can be attributed to the trend of efficient power solutions in drones with the use of gasoline and electric type in hybrid solutions. In addition, the advantage of improved flight performance in relation to the distance and stability offered by hybrid propulsion is a key factor contributing to growth.

Global commercial drone market share and size, 2022

The electric propulsion type segment accounted for the largest market share of over 72% in 2022. The segment dominance is attributed to the popularity of electric drones with rechargeable batteries. These drones have gained widespread adoption due to numerous advantages such as quiet operations, flight efficiency, longer flight times, and easy maintenance, among others. The trend of reducing emissions caused by drones with the help of electric motors is further expected to add to the segment growth. This, in turn, is expected to drive the segment demand over the forecast period.

Regional Insights

The North America region is expected to grow at a significant CAGR of 9.9% over the forecast period, owing to the ongoing advancements in drone technology, favorable government initiatives, and growing demand from enterprises across numerous industries. For instance, in the U.S., the Federal Aviation Administration (FAA) has issued new regulations to create more coherent and consistent standards for the legal and safe operation of UAVs in commercial spaces. These rules and regulations are anticipated to decrease entry barriers and boost product usage, thereby favoring market expansion further.

Commercial Drone Market Trends, by Region, 2023 - 2030

Asia Pacific region accounted for a market share of 29.4% in 2022. The regional dominance is attributed to the favorable regulatory scenario, especially among industrialized countries. Several governments remain keen to pursue new regulations for commercial drone applications. The growth of the regional commercial drone industry is being further driven by the increasing commercial drone applications across start-up firms.

Key Companies & Market Share Insights

The key players operating in the commercial drone market are focusing on developing innovative solutions to attract a large customer base and gain a competitive edge in the industry. In January 2023, Autel Robotics launched EVO Max 4T drone, a sophisticated and highly innovative flying platform that is suitable for both business and consumer applications. It provides considerable navigational and self-reliance capabilities due to high-end autonomous flying technology and Artificial Intelligence. It also comes with tri-anti-interference and omnidirectional obstacle avoidance capabilities that ensure flight safety and stability in high-interference environments. Some prominent players in the global commercial drone market include:

  • Aeronavics Ltd.

  • AeroVironment Inc.

  • Autel Robotics

  • SZ DJI Technology Co Ltd

  • Draganfly Innovations Inc.

  • Guangzhou EHang Intelligent Technology Co. Ltd

  • Intel Corporation

  • Parrot Drones SAS

  • PrecisionHawk Inc.

  • YUNEEC International

Commercial Drone Market Report Scope

Report Attribute

Details

Market size value in 2023

USD 22.98 billion

Revenue forecast in 2030

USD 57.16 billion

Growth rate

CAGR of 13.9% from 2023 to 2030

Base year for estimation

2022

Historical data

2018 - 2021

Forecast period

2023 - 2030

Report updated 

July 2023

Quantitative units

Volume in thousand units, revenue in USD million/billion, CAGR from 2023 to 2030

Report coverage

Revenue forecast, volume forecast, company ranking, competitive landscape, growth factors, trends

Segments covered

Product, application, end-use, propulsion type, range, operating mode, endurance, maximum takeoff weight, region

Regional Scope

North America; Europe; Asia Pacific; Latin America; MEA

Country Scope

U.S.; Canada; Germany; UK; France; Italy; Spain; Ireland, Sweden; Denmark; Norway; Finland; China; Australia; Japan; South Korea; Brazil; Mexico; UAE; South Africa

Key companies profiled

Aeronavics Ltd.; AeroVironment Inc.; Autel Robotics; DJI; Draganfly Innovations Inc.; EHang, Inc.; Intel Corporation; Parrot Drones SAS; PrecisionHawk Inc.; YUNEEC

Pricing and purchase options

Free re  Free report customization (equivalent to 8 analyst working days) 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

 

Global Commercial Drone Market Report Segmentation

This report forecasts revenue & volume growth and provides an analysis of the latest trends in each of the sub-segments from 2018 to 2030.For this study, Grand View Research has segmented the global commercial drone market report based on product, application, end-use, propulsion type, range, operating mode, endurance, maximum takeoff weight, and region:

  • Product Outlook (Volume, Thousand Units; Revenue, USD Million, 2018 - 2030)

    • Fixed wing

    • Hybrid

    • Rotary blade

  • Application Outlook (Revenue, USD Million, 2018 - 2030)

    • Commercial

      • Filming & Photography

      • Inspection & Maintenance

      • Mapping & Surveying

      • Precision Agriculture

      • Surveillance & Monitoring

      • Others

    • Government & Law Enforcement

      • Firefighting & Disaster Management

      • Search & Rescue

      • Maritime Security

      • Border Patrol

      • Police Operations

      • Traffic Monitoring

      • Others

  • End-use Outlook (Revenue, USD Million, 2018 - 2030)

    • Agriculture

    • Delivery & Logistics

    • Energy

    • Media & Entertainment

    • Real Estate & Construction

    • Security & Law Enforcement

    • Others

  • Propulsion Type Outlook (Revenue, USD Million, 2018 - 2030)

    • Gasoline

    • Electric

    • Hybrid

  • Range Outlook (Revenue, USD Million, 2018-2030)

    • Visual Line of Sight (VLOS)

    • Extended Visual Line of Sight (EVLOS)

    • Beyond Visual Line of Sight (BVLOS)

  • Operating Mode Outlook (Revenue, USD Million, 2018-2030)

    • Remotely Piloted

    • Partially Piloted

    • Fully Autonomous

  • Endurance Outlook (Revenue, USD Million, 2018-2030)

    • <5 Hours

    • 5 - 10 Hours

    • >10 Hours

  • Maximum Takeoff Weight Outlook (Revenue, USD Million, 2018-2030)

    • <25 Kg

    • 25 - 500 Kg

    • >500 Kg

  • Regional Outlook (Volume, Thousand Units; Revenue, USD Million, 2018 - 2030)

    • North America

      • U.S.

      • Canada

    • Europe

      • Germany

      • UK

      • France

      • Italy

      • Spain

      • Ireland

      • Sweden

      • Denmark

      • Norway

      • Finland

    • Asia Pacific

      • China

      • Japan

      • South Korea

      • Australia

    • Latin America

      • Brazil

      • Mexico

    • Middle East & Africa (MEA)

      • UAE

      • South Africa

Frequently Asked Questions About This Report

gvr icn

GET A FREE SAMPLE

gvr icn

This FREE sample includes data points, ranging from trend analyses to estimates and forecasts. See for yourself.

gvr icn

NEED A CUSTOM REPORT?

We can customize every report - free of charge - including purchasing stand-alone sections or country-level reports, as well as offer affordable discounts for start-ups & universities. Contact us now

Certified Icon

We are GDPR and CCPA compliant! Your transaction & personal information is safe and secure. For more details, please read our privacy policy.