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Industrial Drone Market

Industrial Drone Market Analysis, By Drone Type (Fixed Wing, Rotary, Hybrid), By End Use Industry (Agriculture & Forestry, Delivery & Logistics, Media & Entertainment, Oil & Gas, Others), By Payload, Sales Channel and Region - Global Market Insights 2023 to 2033

Analysis of Industrial Drone Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more

Industrial Drone Market Outlook (2023-2033)

The industrial drone market is estimated to reach valuation of US$ 4,474.8 Million in 2023 and will top US$ 24,226.5 Million by 2033, growing with a CAGR of around 18.4% from 2023-2033.

In 2023, the global drone market is estimated to have around 7.6 million unit shipments, while the drone market is projected to grow at 15.3% CAGR. In terms of volume, industrial drone will have a growth rate of 16.7%, wherein sales of industrial drone accounted for nearly 13% share of the global drone market at the end of 2022.

Report Attributes

Details

Market Size (2022A)

US$ 3,651.4 Million

Estimated Market Value (2023E)

US$ 4,474.8 Million

Forecast Market Value (2033F)

US$ 24,226.5 Million

Global Market Growth Rate (2023-2033)

18.4% CAGR

North America Market Share (2023)

30.1%

North America Market Value (2023)

US$ 1,347.4 million

Europe Market Share (2023)

35.4%

Europe Market Value (2023)

US$ 1,584.5 million

China Market Share (2023)

13.0%

China Market Value (2023)

US$ 583.6 million

Market Share of Top 3 Countries

43.7%

Key Companies Profiled

  • Aeronautics Group
  • AeroVironment, Inc
  • AgEagle Aerial Systems
  • AguaDrone
  • Airbus S.A.S
  • Asteria Aerospace
  • Atlas Aerospace
  • ATMOS UAV
  • BAE Systems
  • Delair SAS
  • DJI
  • Draganfly Innovations
  • EHANG
  • Elbit Systems Ltd
  • Embention
  • FLIR
  • Flyability
  • Wingcopter
  • Yuneec

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Sales Analysis of Industrial Drone (2018-2021) Vs. Market Outlook (2023-2033)

An aerial vehicle that can transport specialized payloads for use in industrial applications is known as an industrial drone or UAV. Energy, defense, security, mapping and surveying, and law enforcement are some of the industries that often use UAVs.

Industrial UAVs are often more highly engineered than commercial drones, offering better range and flight times, more sophisticated avionics systems and controls, and the ability to deploy a variety of payloads, such as specialized imaging technology, sensors, and custom payloads for research and surveying applications.

In sectors like oil & gas, mining, marine ports, and other significant industrial sites, drones create new opportunities and increase efficiency. They have evolved into extraordinarily strong, adaptable industrial instruments that can handle a variety of tasks. Drones are being used more and more by industry professionals to enhance operational efficiencies and optimize industrial processes.

  • Short Term (2023 Q1 to 2026): The industrial drone market will be positively impacted due to the rising demand for increased payload drone in various end use industries.
  • Medium Term (2026- 2029): The European countries along with few North American countries are anticipated to witness high demand on the back of the growing drown industry in Europe and North America.
  • Long Term (2029- 2033): Automated drones are useful for a variety of business sectors because of their practically infinite vision, data collection, and analysis capabilities. Such drone will drive industrial drone market.

From 2018 to 2022, the global market for industrial drone registered a CAGR of 15.4%. Fact.MR, a market research and competitive intelligence provider, reveals that the market will exhibit growth at 18.4% CAGR between 2023 and 2033.

Industrial drone market forecast by Fact.MR

Market share analysis of industrial drone based on end use industry and region is provided in the above image. Under the end use industry segment, security & law enforcement sub-segment dominates with 20.2% market share in 2023.

Industrial Drone Market

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What’s Driving High Demand for Industrial Drone across Regions?

“Technological advancements in drone technology to encourage sales of industrial drones”

Drones are now used for a variety of applications including surveillance, military operations, agriculture, video recording, film, and television. As drone applications proliferate, prominent players in the U.S. drone market are implementing advanced technology into their drones. The increased payload capacity of drones, the introduction of drones for specific applications, etc.

In addition, companies are now also producing drones specifically for industrial use, giving priority to higher-powered drone engines. Product advancements in drone technology allow drones to travel at speeds of up to 100 miles per hour, which also helps transport products.

Major companies are investing heavily in the research and development of advanced industrial drones and various drone accessories, which is driving the market growth. The market value for 2033 is estimated to be 5.4X that of 2023.

“Growing agriculture industry to lead to the utilization of industrial drones”

Warmer climates will reduce maize, rice, and corn yields as insect breeding increases. It is the main factor driving the growth of industrial drones in this industry. Due to the shortage of skilled workers in the fields, farmers are investing in drones to reduce time investments for tasks such as crop monitoring and seeding compared to manual labor.

The need for drone technology in agriculture was seen as a priority when cultivating large tracts of land. In addition, long-range and continuous monitoring of agricultural fields using various features such as thermal imaging cameras, customizable controls, propulsion systems, GPS, and flight plans will further facilitate the utilization of industrial drones in agriculture. The industrial drone market is poised to garner an absolute dollar opportunity of US$ 20,575.1 million during the forecast period.

Know thy Competitors

Competitive landscape highlights only certain players
Complete list available upon request

What Do Industrial Drone Manufacturers Need to Watch Out for?

“Air traffic management issues can be proven as challenges for market growth”

Drones are widely used around the world in industrial, commercial, military, and civilian applications. The industry and its end users have experienced severe restrictions on drone flights in different countries in recent years. These key elements are designed to simultaneously support drone operations in different regions and protect against environmental and property damage.

Some countries allow commercial flights of small drones beyond line of sight (BVLOS), and some have mandatory licenses to fly.

A challenge for the drone industry is the lack of air traffic control infrastructure responsible for safe flight operations in designated airspace. The presence of integrated air traffic management can create drone-related security and minimize operational challenges. All these factors create a stumbling block in the way of market growth.

Country Wise Analysis

What makes U S Growth Epicenter for the Industrial Drone market?

The United States is home to some of the world's largest drone players. The member ecosystem map is denser than ever, exciting for American drone fans. Along with the hardware and software of drones, drone services are also in high demand. This has spawned many drone companies and startups.

One example is the US-made drone delivery company Zipline, which raised $190 million to operate delivery services. Zipline's medical drones have gained worldwide attention as they began delivering medical supplies and COVID-related assistance during the pandemic.

Efforts to develop UTM (Unmanned Traffic Management) systems by the country have not gone unnoticed. Government infrastructure is growing and looking to develop this type of system to benefit everyone working with drones. This also comes with several disclaimers and exceptions for further drone innovation. U.S industrial drone market will grow at a healthy CAGR of 15.3% during forecast period.

How the Various Application of Drones Support Industrial Drone Market in the China?

China manufactured 2.9 million units in consumer drones. A large part of this success is due to China-based DJI, the world's largest drone manufacturer. The company accounted to hold 70% of the global drone market share. China's industrial drone market is poised to grow at a CAGR of 17.5% during the forecast period.

China's drone market obtained a value of US$ 3.4 billion in early 2020. This market capitalization provides a reason enough to take a closer look at the Chinese drone ecosystem. China's drone industry success factors are its key drone players, several drone applications, advanced infrastructure, and more.

China's dominance in battery technology, which underpins the domestic electric vehicle market, is also boosting the production of industrial drones. CAAC encourages local governments near drone sandboxes to adapt their procedures to their local environment and needs, within harmonized national standards. China will capture a revenue share of 74% in the East Asia region.

Category wise Insights

How Oil and Gas Industry Will Lead to Market Growth?

Drone delivery and other features of the drone are widely used in industrial applications, especially transitions between land and sea. Drones can transport critical equipment between facilities based on land and sea vessels faster and cheaper than other manned alternatives.

Although payload weight is constrained and dependent on drone types, material management applications at oil and gas facilities exist for drones and UAS. The drone provides a unique bird's eye view in the event of an industrial accident, enabling faster response and assistance.

Companies are utilizing new laser-based sensors to identify and detect compromised material faster and cheaper than before. These sensors are detachable payloads that attach to the underside of the drone and allow it to fly near equipment efficiently and quickly. The industrial drone due to oil and gas is poised to grow at a healthy CAGR and achieve a market valuation of US$ 599.6 million in 2023

How Fixed Wing Drone Sales Will Drive Industrial Drone Market?

The fixed-wing drone flies autonomously, with little or no human involvement, and can collect data without a human on board. The use of fixed-wing drones in defense operations has increased significantly around the world.

In January 2021, European missile group MBDA successfully hit a test target with a new anti-tank missile, the Missile Moyenne Portee (MMP), using target data collected by area drones. A fixed-winged drone that operates out of the operator's field of vision, according to MBDA officials. The market will capture a market share of 20.9% in 2023.

Competitive Landscape

Fact.MR profiled the following top companies in industrial drone market in its report Aeronautics Group, AeroVironment, Inc, AgEagle Aerial Systems, AguaDrone, Airbus S.A.S, Asteria Aerospace , Atlas Aerospace, ATMOS UAV, BAE Systems, Delair SAS, DJI , Draganfly Innovations , EHANG, Elbit Systems Ltd, Embention, FLIR, Flyability, Wingcopter, Yuneec

The global market for industrial drones is segmented, which includes both major players as well as new entrants. Therefore, players must try to distinguish their products using cutting-edge technology and unique items in order to prosper in such a competitive climate.

In order to maintain market positions in this highly competitive environment, product prices can be made user-friendly, which could have a slight negative impact on the revenue generation of manufacturers but will provide better sales of the product.

  • DJI, in 2021 declared that it will launch a new product in the range of M300 which will be M30. The DJI M30 will be an industrial drone with foldable structure.

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

Segmentation of Industrial Drone Industry Research

  • By Drone Type :

    • Industrial
    • Rotary
    • Hybrid
  • By Payload :

    • Less than 5 kg
    • 5-10 kg
    • 10-15 kg
    • Above 15 kg
  • 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 Industry :

    • Agriculture & Forestry
    • Delivery & Logistics
    • Media & Entertainment
    • Construction & Mining
    • Oil & Gas
    • Security & Law Enforcement
    • Recreational Activity
    • Others
  • By Region :

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

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The market is likely to reach a valuation of US$ 24,226.5 Million by the end of forecast period.

The rotary drone sub-segment is likely to reach a valuation of around US$ 2,403.0 Million in 2023.

Europe region holds the leading market share of around 35.4% in 2023 and presumed to increase in same growth curve by the end of 2033.

Germany is expected to have CAGR of 16.3% during the forecast period.

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