Hybrid Drone Market

Hybrid Drone Market outlook (2023-2033)

The global hybrid drone market is expected to reach a valuation of US$ 8,610.6 million in 2023 and is expected to progress at a CAGR of 20.3% to reach US$ 54,662.5 million by the end of 2033.

In 2023, the global drone market is estimated to reach valuation of US$ 33.9 billion, while the drone market is projected to grow at 17.6% CAGR. Hybrid drone is one of the fast growing segment in revenue generation from drone, wherein sales of hybrid drone accounted for nearly 25% share of the global drone market at the end of 2022.

Report Attributes	Details
Hybrid drone Market Size (2022A)	US$ 6,862.6 million
Estimated Market Value (2023E)	US$ 8,610.6 million
Forecasted Market Value (2033F)	US$ 54,662.5 million
Global Market Growth Rate (2023-2033)	20.3% CAGR
North America Market Share (2022)	~30.1%
North America Market Value (US$ Mn), 2023	US$ 2,592.7 million
Europe Market Share (%), 2023	~35.4%
Europe Market Value (US$ Mn), 2023	US$ 3,049.0 million
China Market Share (%), 2023	~ 10.9%
China Market Value (US$ Mn)	US $ 941.7 million
Market Share of Top 3 Countries	~39.7%
Key Companies Profiled	DJI Parrot SA 3D Robotics Inc. PrecisionHawk AeroVironment DroneDeploy Airware Trimble UAS VDOS Global Hoovy LLC Zerotech AscTec Xaircraft Latitude Engineering ComQuest Ventures

Sales Analysis of Hybrid drone (2018-2022) Vs. Market Outlook (2023-2033)

Hybrid drones are used for various applications such as green mapping, urban planning, engineering, resource planning, agricultural management, tourism, aerial photography, LiDAR applications, cargo management, and weather monitoring. Therefore, hybrid drone revenue is projected to reach US$ 8,610.6 million in 2023, growing at a CAGR of 20.3%.

• Short Term (2023 Q1 to 2026): Increasing end-use sectors will positively impact hybrid drone market growth.
• Medium Term (2026- 2029): North America and Europe is anticipated to witness comparatively high hybrid drone demand due to increasing security concerns.
• Long Term (2029- 2033): Adopting new advanced technology can open new opportunities for hybrid drone market players.

From 2018 to 2022, the global market for hybrid drone registered a CAGR of 14.2%. Fact.MR, a market research and competitive intelligence provider, reveals that the market will exhibit growth at 20.3% CAGR between 2023 and 2033.

Market share analysis of hybrid drone based on application and region is provided in the above image. Under the application segment, filming & photography sub-segment dominates with 24.4% market share in 2023.

What’s Driving High Demand for Hybrid drone across Regions?

“Rising Terrorism Related Challenges to Elevate the Hybrid Drone Market Growth”

A hybrid drones can carry a variety of payloads, making it suitable for a wide range of long-haul and heavy-lift applications, mapping and surveying, military ISR (intelligence, surveillance and reconnaissance), cargo delivery. Additional payload capacity can also be used to carry additional fuel tanks, further increasing endurance and range.

Such capacity of high endurance can lead to be very useful in the defense sector. Drones can be severely compromised and can be used for cyber or physical attacks on people and property. Therefore, the development of a lightweight IDS that employs hybrid detection techniques (i.e., signature-based, specification-based, and anomaly-based detection methods) is desirable for rapid decision-making in environments with limited drone resources and real-time applications.

“Increasing Adoption of Advanced Technologies to Enhance the Sales of Hybrid Drone”

Hybrid drones leveraging AI innovations are increasingly capable of understanding environmental factors, accurately mapping areas, tracking and verifying the development of tangible things, and providing in-depth logical information, providing customers with continuous, informed decision-making by properly acquiring, managing, and transferring.

In addition, artificial intelligence drones can be used to gradually adjust and display videos shot by different robots, and track drone flight schedules. Combining artificial intelligence and ML with predictive learning models enables faster information processing and more meaningful experiences.

The hybrid drone industry is expected to benefit from the showcase of 5G carriage models and the incorporation of distributed computing innovations into the improvement cycle. Technological advancements in such hybrid drones will lead to healthy growth of the market. Thus, the market growth for global hybrid drone is expected to reach a valuation of US$ 54,662.5 million in 2033.

What Do Hybrid Drone Manufacturers Need to Watch Out for?

High Cost of Drone Components & Device Can Hamper the Market Growth”

Hybrid drone are advanced technologies that consist of various parts and components such as GPS, GIS, cameras, sensors, payloads, motors, power supplies, and airframes. Small drones are used in numerous military and defense applications for intelligence and commercial purposes.

Hybrid drone are automated technologies that rely on various components, sensors, and software that are costly to manufacture. Therefore, high prices for small drones are expected to hinder the future growth of the market during the forecast period.

Due to the lack of unified air traffic control for UAVs, there are some restrictions on the use of drones for logistics and transportation in the United States and other countries. These are the major concerns expected to affect the demand for this market during the forecast period.

Country-wise Insights

Why U.S. is Expected to Drive Hybrid Drone Demand?

A sizable investment is necessary to expand the drone market in the United States. Due to this, the U.S. hybrid drone market will rule for the anticipated amount of time. These hybrid drones incorporate a number of technologies that improve usability and operational effectiveness. It will assist an increasing number of hybrid drone producers in lowering the cost of their drones and expanding both domestically and internationally.

The United States Air Force's (USAF) AFWERX program was engaged with Advanced Aircraft Company (AAC), developer of hybrid unmanned aerial systems, to develop Small Unmanned Aircraft Systems (SUAS) under the Small Business Innovation Research (SBIR) program. Consequently, it is anticipated that the U.S. hybrid drone market will grow to US$ 2,235.6 million by 2023.

Why German Hybrid Drone Market Expected to Be Highly Lucrative?

Germany has one of the largest drone market in Europe, and it is predicted that it will soon surpass U.S. and China to take the lead. The HUUVER drone was created through cooperation using funding from the European Union's Horizon 2020 research and innovation program.

As it performs near-terrain movements such as flying, driving, and climbing, designers of hybrid drones are looking to perform expert search and rescue, patrol, surveillance, and intra-industrial logistics missions in a variety of challenging environments.

Drones assist German efforts to broaden automation across a number of industries, significantly cutting time and resource usage while boosting productivity and efficiency. As a result, it is anticipated that the German hybrid drone market will be worth US$ 405.5 million in 2023.

Category-wise Insights

Why Filming & Photography is Driving Segment in Hybrid Drone Market?

The key players are making drones that can be used in a wide range of commercial applications as the use of drones in military operations becomes more widely accepted. Drones are also used for a variety of other things, including public works projects, aerial photography, video recording, and Internet access in remote areas.

Hybrid drones are offered by a number of businesses primarily for data collection, aerial photography, and agricultural applications. The delivery system seeks to shorten delivery times and associated costs due to hybrid drones' greater than 150 km range. Long-term growth of the industry is also anticipated to be boosted by increased investment in drone technology. Thus, the filming and photography generates a valuation of US$ 2,104.4 million in 2023.

How Military in End Use Segment Drives the Hybrid Drone Market?

Hybrid drone sales are expected to continue to be a top priority as defense spending continues to rise in every country around the world. The military drone segment is projected to have a 68% market share in 2023. As the world political situation becomes very unstable, countries are investing significant portions of their finances in strengthening their military capabilities, including surveillance activities.

There is a growing number of advanced military drones to monitor border incidents and incursions. This would lead to a subsequent rise in demand for military end use segment, whose market value is estimated to be around US$ 5,855.2 million in 2023.

Competitive Landscape

Prominent hybrid drone manufacturers are DJI, Parrot SA, 3D Robotics Inc., PrecisionHawk, AeroVironment, DroneDeploy, Airware, Trimble UAS, VDOS Global, Hoovy LLC, Zerotech, AscTec, Xaircraft, Latitude Engineering, ComQuest Ventures.

Some prominent players have introduced competitive pricing strategies in the hybrid drone market. The company has built constructive partnerships and collaborations with governments and end-user industries.

High demand for the latest drones and accessories allows market participants to expand their product range. Market participants are focusing resources and capital on research and development while trying to expand their footprint in the region.

Some of the key developments are :

• Chinese company DJI Technology Co. Ltd. continues to rule the drone market in terms of all product categories, including software, drone aircraft, and payload. Its rapid expansion can be attributed to its distinctive product development and business channel connections.

Fact.MR has provided detailed information about the price points of key manufacturers of hybrid drone positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report.

Segmentation of Hybrid Drone Industry Research

• By Range :

  • Less than 20 Km
  • 20-80 Km
  • 80-140 Km
  • More than 140 Km

• By Sales Channel :

  • Online Sales
    • Direct to customer
    • Third Party Online
  • Offline Sales
    • Modern Trade Channels
    • Electronic Stores
      • Franchised Store
      • Independent Stores
    • Others

• By End Use :

  • Civil
  • Commercial
  • Military

• By Application :

  • Filming & Photography
  • Inspection & Maintenance
  • Mapping & Surveying
  • Precision Agriculture
  • Surveillance & Monitoring
  • Others

• By Region :

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Oceania
  • Middle East and Africa (MEA)