Drones

[New] In India, between 2017-2023, the expected growth rate of the drone market would be eighteen per cent per annum.
[New] AVs, including the delivery drones, will make up to 80% of deliveries in the future, while NASA estimates that 2.6 million commercial drones will be in the air in 2020 itself.
[New] North America is expected to have a leading share in the Drone Analytics Market over the coming years.
The unmanned aerial vehicle (UAV) market is expected to reach $21.8 billion by 2027, at a CAGR of 14.1% during the forecast period of 2020 to 2027.
Over the next couple of years drones will remain a niche vehicle and not widely used.
The global UAV Parachutes market is valued at USD 5 million in 2020 is expected to reach USD 19 million by the end of 2026, growing at a CAGR of 21.0% during 2021-2026.
The drones market is anticipated to register a CAGR of 15.37% during the forecast period to reach USD 47.76 billion by 2025.
The surge in the demand for commercial unmanned aerial vehicles (UAVs), or drones, by the professional segment is inflating the global commercial UAV market, which will require 2.91 million units by 2023, up from 2.44 million in 2019.
Spend on drones in industry will be led by utilities ($1.9 billion), construction ($1.4 billion), and the discrete manufacturing and resource industries ($1.2 billion).
Worldwide spending on robotics systems and drones will reach $128.7 billion this year which represents an increase of 17.1% over 2019.
The Unmanned Aerial Vehicle, or UAV market was valued at USD 18.14 Billion in 2017 and is projected to reach USD 52.30 Billion by 2025, at a CAGR of 14.15% from 2018 to 2025.
The small UAV market was valued at US$ 15.60 billion in 2019 and is expected to reach US$ 40.31 billion by 2025, with an annual rate of 17.04% during the forecast period.
The overall UAV market was valued at $18.14 billion in 2017 and projected to reach $52.3 billion by 2025, at a compound annual growth rate of 14.15%.
The United States will be the largest region for drones in 2020 with spending of nearly $5.7 billion.
Worldwide shipments of Internet of Things (IoT) enterprise drones will total 526,000 units in 2020, an increase of 50 per cent from 2019.
Spending on drones will reach $241.4 billion with a compound annual growth rate of 19.8%.
The market for commercial and civilian drones will grow at a compound annual growth rate of 19% between 2015 and 2020, compared with 5% growth on the military side.
With the surge in demand for commercial drones by the professional segment, unit shipment is estimated to rise at a compound annual growth rate of 4.5%, reaching 2.91 million units by 2023.
The share of drones of domestic production in the market of the Russian Federation makes 10% in 2017 and will increase to 11% by 2020.
Realizing the Reaper's vulnerability, Air Force is cutting its buy of Reaper drones to 337, with the final 21 drones purchased this year.
Agriculture Drones Market valued approximately USD 434 Million in 2016 is anticipated to grow with a healthy growth rate of more than 38% over the forecast period 2017-2025.
The global consumer drones' market was valued at about $2.09 billion in 2018 and is expected to grow to $4.05 billion at a compound annual growth rate of 18.0% through 2022.
The global market for commercial drones has grown significantly over the last decade and is expected to grow from $17.8 USD in 2019 to $46.4 USD in 2025.

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Last updated: 05 July 2020