Market Size of Drones Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 35.28 Billion |
| Market Size (2029) | USD 67.64 Billion |
| CAGR (2024 - 2029) | 13.90 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Drones Market Analysis
The Drones Market size is estimated at USD 35.28 billion in 2024, and is expected to reach USD 67.64 billion by 2029, growing at a CAGR of 13.90% during the forecast period (2024-2029).
Drones are being adopted in various applications, including internet provision in remote places, aerial photography and video recording, survey and documenting wildlife, and public service missions. Technological advancements, in terms of payloads and electronics, are expected to augment the rapid growth of the drones market. Moreover, the enhanced investments in drone technologies are also anticipated to foster long-term growth in the market.
The market is still in the early stages in several developing economies in terms of its mass adoption and usage. However, the growth of the drones market can be hindered by technological constraints such as limited endurance, SWaP challenges, and the presence of non-uniform laws and regulations that can restrict the usage of such systems in the airspace of certain countries.
