Drones Market Research Report - Forecast 2028

Drones Market by Type  (Fixed-Wing and Multi-Rotor), By  Capability (Passenger  Drones  and Cargo  Drones), By  Capacity (Up  to  100  kg  and Over  100  kg), By  Application (Agriculture (Field  Mapping, Field  Mapping, Crop  Spraying, Agricultural Photography, Precise Agriculture  Management, Agriculture Insurance  Inspection), Industry  (Construction, Oil & Gas, Mining, Logistics, Aviation, Telecom)), Component  (Airframe, Payload, Guidance  Navigation  &  Control, Propulsion System) – Forecast  to  2028

ID: MRFR/A&D/0618-CR | February, 2021 | Region : Global

Drones Market Overview


The drones market is projected to generate a higher market value of USD 1,29,300 Million during the forecast period of 2028. Further, the global market has aimed to expand the market growth at a CAGR of 20.18% for the assessment period. Generally, flying drones are integrated with software-controlled flight plans that can be flown autonomously or controlled remotely. 


The major cause of the growing Drones Market can be the surging application of drones in various sectors like construction, agriculture, law enforcement, military operations, and commercial activities. Commercial drone services apply to various industries such as mining, construction, agriculture, insurance, oil & gas, marine, aviation, and infrastructure in performing tasks (package delivery, search and rescue, assembling imagery, industrial inspection, broadcasting shows, distributing healthcare supplies to remote places, and spraying fertilizers). The drones market has various applications worldwide, but the construction sector is showing significant growth. Further, this sector is expected to meet the largest Market Share during the forecast period.


According to the drone Market report, the Asian Pacific region is expected to be considered the fastest-growing region for the research period due to the increasingly advanced technologies demands and the rising labor cost. In the agriculture and commercial fields, drones applications are increasing, propelling the growth of the global market in the region. Also, another reason behind the regional growth can be the presence of developing countries like Japan, India, and China. Along with this, the European region is expecting to experience substantial growth for the assessment period due to important key players in the region and the implementation of favorable rules by different country's government. Further, the MEA region has also shown significant growth during the research period due to the increasing use of drones in the agricultural and medical sectors and the presence of well-established gas and oil sectors.  


COVID-19 Impact Analysis


According to the Market report, the drones market has been impacted due to the outbreak of COVID-19. During the lockdown period, the global market growth has been hampered the manufacturing chain and supply chain. As a result, the global market has experienced a huge loss for the first half of 2020. 


However, the presence of market key players has handled the pandemic situation by implementing various strategies and safety measures to mitigate losses. Now, the global market is expecting to generate significant  Market Revenue for the forecast period. 


Global Market Dynamics 



  • Primary Key Drivers of the Market


As per the Drones Market Outlook research report, the global market is propelling its growth due to several important factors such as the increased situational awareness in the defense and military sector and the rising drones' deployment with geographic information systems. 


In July 2021, the Ministry of Civil Aviation, India has specified the rules for the use of drones, which has included the safety concern. It is expected to boost the demand for drones for the research period.



  • Opportunities for the Global Market


The market brings more significant growth opportunities for the manufacturers and key players, introducing commercial drone delivery services and developing urban air mobility services.


Moreover, the market has more scope for the forecast period due to the commercial drone delivery services presence in the cargo capability segment.



  • Restraints of Global Market


Although the market has huge growth potential, it can get obstructed due to the various security and safety concerns among the population. And, this increasing safety concern is predicted to hamper the market growth and Drones Market Value for the research period.


However, the key players are looking for additional promotional strategies to delimit the market restraints in the upcoming years.



  • Challenges for the Global Market 


The increasing growth of the drones market might get hampered due to the lack of expertise or trained pilots and UAS. Moreover, the traffic management issues and insurance cover for aerial delivery drones can be another challenge for the growth and development of the global market. 


In recent times, the market players are focusing on these management issues to provide a better customer experience to the world. 


Cumulative Growth Analysis 


The drones market is projected to show significant growth in the forecast period of 2028. In the GIS system, the demand for drones is increasing day by day, which is expected to bring more cumulative growth opportunities and scope for the global market.


Moreover, the regions like North America, MEA, and others are making continuous efforts to propel the growth of the market for the assessment period. 


Market segments Overview



  • By Type:


Based on the type segment, the global Market has been classified into fixed-wing and multirotor drones. 


The fixed-wing drone will generate a higher Drones Market Size for the review period among these segments. This segment demand is growing due to its ability to fly for a longer duration on high altitudes. Alternatively, the multirotor segment is expected to dominate the Drones Market Trends during the forecast period due to its ability to constantly maintain the visual on a single target. It can stay for a longer time.



  • By Capability:


Based on the capability segment, the drones market has been segregated into cargo, Passenger Drones, and others.


Out of all the segments, the cargo capability segment is projected to generate the significant Drones Market Share for the research period. This segment is expanding worldwide due to the development of the commercial drone market and increasing drones application for commercial purposes. 



  • By Capacity:


Based on the capacity segment, the global Market has been classified into over 100 kg and up to 100 kg.


Various industries have more demand over the drone market because of the availability of two capacity segments. According to their preference, they order the drone material. 



  • By Application:


Based on the application segment, the global Market has been segregated as the real estate, constructions, inspection & monitoring, spraying & seeding, mapping & surveying, security, search & rescue, transport & delivery, filming & photography, and others.


The real estate segment is predicted to achieve significant Market Growth in the upcoming years.


Regional Analysis


The drones market Trendshas spread all across the globe, especially the regions like North America, Asia Pacific, MEA, Europe, and the rest of the world.


According to the Drones Market Analysis report, North America is estimated to procure the largest market share and the largest Market Growth for the assessment period. This region is growing due to significant factors like large industries and recent development in drone technology. Moreover, the global market is showing significant growth for the forecast period due to the higher contributions of the countries like Canada and the U.S. Along with that, the global market is propelling its growth of this region due to the introduction of new guidelines by the Federal Aviation Administration (FAA) in the U.S. related to the safe and legal operation of UAVs in commercial spaces. Likely, the supportive initiatives by the U.S. government can bring a new revolution to drones marketing in the upcoming future. 


Competitive Landscape Analysis


The drones market has a huge presence of market payers across the globe, which includes:



  • AeroVironment Inc. (U.S.)

  • BAE Systems PLC (U.K.)

  • General Dynamics Corporation (U.S.)

  • General Atomics (U.S.)

  • Denel Dynamics (South Africa)

  • Aurora Flight (U.S)

  • Northrop Grumman (U.S.)

  • Lockheed Martin Corporation (U.S.)

  • Draganfly (Canada)

  • DJI (China)

  • Elbit Systems Ltd. (Israel).


According to the market Analysis report, these advanced key players are adopting new strategies like acquisition, collaboration, merger, promotion, and many more to develop their presence in the industry and bring development to the global market. Apart from that, these key players focus more on the new product development and launch to compete with their competitors. 


Recent Developments



  • January 2021 -The offensive swarm drone system was demonstrated at India's Army Day parade, which included tanks, taking down a range of targets, helipads, and terror camps. 75 drones have been demonstrated in this parade. 


Report Overview


According to the Drones Market Forecast report, the global market has shown significant growth. This report has included qualitative and quantitative research analysis to measure the  Market performance for the forecast period. Moreover, this report has highlighted various opportunities, drivers, challenges, restraints, and market growth factors. Additionally, the significant role of the major market players has been highlighted along with their implemented strategies, and ideas have been discussed. 


Apart from that, the Market Forecast report has also focused on the impact of COVID-19 on the global market, recent developments, and competitive landscape analysis. 


Segmental table:


By Type:



  • fixed-wing drone

  • multirotor drone


By Capability:



  • cargo

  • Passenger Drones

  • Others


By Capacity:



  • Over 100 kg

  • Up to 100 kg


By Application:



  • real estate, 

  • constructions, 

  • inspection & monitoring, 

  • spraying & seeding, 

  • mapping & surveying, 

  • security, search & rescue, 

  • transport & delivery, 

  • filming & photography, 

  • others

1 Executive Summary

2 Market Introduction

2.1 Definition 23

2.2 Scope of the Study 23

2.3 List of Assumptions 23

2.4 Market Structure 24

2.5 Key Takeaways 25

2.6 Key Buying Criteria 25

3 Research Methodology

3.1 Research Process 27

3.2 Primary Research 27

3.3 Secondary Research 28

3.1 Market Size Estimation 28

3.2 Forecast Model 29

4 Market Dynamics

4.1 Introduction 31

4.2 Drivers 31

4.2.1 Development of Electric Drones 31

4.2.2 Increasing Use of UAVs in Commercial Sector 31

4.2.3 No Fuel Emissions 32

4.2.4 Rising Usage of Drones for Industrial Applications 32

4.3 Restraints 33

4.3.1 Issues Associated with Data Processing 33

4.3.2 Limited Flight Range & Endurance 33

4.4 Opportunities 34

4.4.1 3D-Printed Drones 34

4.4.2 Introduction of Solar Powered Drones 34

4.4.3 Usage of Drones in the Energy Sector 34

4.5 Challenges 35

4.5.1 Prone to Cyber Attacks 35

4.5.2 Regulatory Norms & Safety Issues 35

5 Market Factor Analysis

5.1 Supply Chain 37

5.2 Porter’s Five Forces Model 38

5.2.1 Threat of New Entrants 38

5.2.2 Bargaining Power of Suppliers 39

5.2.3 Bargaining Power of Buyers 39

5.2.4 Threat of Substitutes 39

5.2.5 Intensity of Rivalry 39

6 Global Drones Market, By Type

6.1 Overview 41

6.1.1 Fixed-Wing 41

6.1.2 Multi Rotor 41

7 Global Drones Market, By Capability

7.1 Overview 44

7.1.1 Passenger Drones 44

7.1.2 Cargo Drones 44

8 Global Drones Market, By Capacity

8.1 Overview 47

8.1.1 Up to 100 kg 47

8.1.2 Over 100 kg 47

9 Global Drones Market, By Application

9.1 Overview 50

9.1.1 Agriculture 52

9.1.1.1 Field Mapping 53

9.1.1.2 Crop Scouting 53

9.1.1.3 Crop Spraying 53

9.1.1.4 Agricultural Photography 53

9.1.1.5 Precise Agriculture Management 54

9.1.1.6 Agriculture Insurance Inspection 54

9.1.1.7 Others 54

9.1.2 Industry 54

9.1.2.1 Construction 55

9.1.2.2 Oil & Gas 56

9.1.2.3 Mining 56

9.1.2.4 Logistics 56

9.1.2.5 Aviation 56

9.1.2.6 Telecom 56

9.1.2.7 Others 56

10 Global Drones Market, By Component

10.1 Overview 58

10.1.1 Airframe 58

10.1.2 Payload 58

10.1.3 Guidance Navigation & Control 58

10.1.4 Propulsion System 58

11 Global Drones Market, By Region

11.1 Overview 61

11.2 North America 62

11.2.1 U.S. 67

11.2.1.1 U.S. by Type 67

11.2.1.2 U.S. by Capability 67

11.2.1.3 U.S. by Capacity 67

11.2.1.4 U.S. by Application 68

11.2.1.5 U.S. by Component 68

11.2.2 Canada 69

11.2.2.1 Canada by Type 69

11.2.2.2 Canada by Capacity 69

11.2.2.3 Canada by Application 69

11.2.2.4 Canada by Component 70

11.3 Asia Pacific 71

11.3.1 China 76

11.3.1.1 China by Type 76

11.3.1.2 China by Capability 76

11.3.1.3 China by Capacity 77

11.3.1.4 China by Application 77

11.3.1.5 China by Component 77

11.3.2 Japan 78

11.3.2.1 Japan by Type 78

11.3.2.2 Japan by Capability 78

11.3.2.3 Japan by Capacity 79

11.3.2.4 apan by Application 79

11.3.2.5 Japan by Component 79

11.3.3 South Korea 80

11.3.3.1 South Korea by Type 80

11.3.3.2 South Korea by Capability 80

11.3.3.3 South Korea by Capacity 80

11.3.3.4 South Korea by Application 81

11.3.3.5 South Korea by Component 81

11.3.4 India 81

11.3.4.1 India by Type 82

11.3.4.2 India by Capacity 82

11.3.4.3 India by Application 82

11.3.4.4 India by Component 83

11.3.5 Australia 83

11.3.5.1 Australia by Type 83

11.3.5.2 Australia by Capacity 84

11.3.5.3 Australia by Application 84

11.3.5.4 Australia by Component 84

11.3.6 Rest of Asia Pacific 85

11.3.6.1 Rest of Asia Pacific by Type 85

11.3.6.2 Rest of Asia Pacific by Capability 85

11.3.6.3 Rest of Asia Pacific by Capacity 86

11.3.6.4 Rest of Asia Pacific by Application 86

11.3.6.5 Rest of Asia Pacific by Component 86

11.4 Middle East & Africa 87

11.4.1 UAE 91

11.4.1.1 UAE by Type 92

11.4.1.2 UAE by Capability 92

11.4.1.3 UAE by Capacity 92

11.4.1.4 UAE by Application 93

11.4.1.5 UAE by Component 93

11.4.2 Saudi Arabia 93

11.4.2.1 Saudi Arabia by Type 94

11.4.2.2 Saudi Arabia by Capability 94

11.4.2.3 Saudi Arabia by Capacity 94

11.4.2.4 Saudi Arabia by Application 95

11.4.2.5 Saudi Arabia by Component 95

11.4.3 Israel 95

11.4.3.1 Israel by Type 96

11.4.3.2 Israel by Capability 96

11.4.3.3 Israel by Capacity 96

11.4.3.4 Israel by Application 97

11.4.3.5 Israel by Component 97

11.4.4 Rest of Middle East & Africa 97

11.4.4.1 Rest of Middle East & Africa by Type 98

11.4.4.2 Other Countries by Capability 98

11.4.4.3 Rest of Middle East & Africa by Capacity 98

11.4.4.4 Rest of Middle East & Africa by Application 99

11.4.4.5 Rest of Middle East & Africa by Component 99

12 Competitive Landscape

12.1 Competitive Scenario 101

12.2 Market Share Analysis 101

12.3 Mergers & Acquisitions 102

13 Company Profiles

13.1 Developers of drones for Agriculture & Industrial Applications 104

13.1.1 AeroVironment, Inc. 104

13.1.1.1 Company Overview 104

13.1.1.2 Financial Overview 104

13.1.1.3 Product Offerings 105

13.1.1.4 Key Developments 106

13.1.1.5 SWOT Analysis 106

13.1.1.6 Key Strategy 106

13.1.2 AgEagle Aerial Systems 107

13.1.2.1 Company Overview 107

13.1.2.2 Financial Overview 107

13.1.2.3 Product Offerings 107

13.1.2.4 Key Developments 107

13.1.2.5 SWOT Analysis 108

13.1.2.6 Key Strategy 108

13.1.3 Agribotix LLC 109

13.1.3.1 Company Overview 109

13.1.3.2 Financial Overview 109

13.1.3.3 Product Offerings 109

13.1.3.4 Key Developments 109

13.1.3.5 SWOT Analysis 110

13.1.3.6 Key Strategy 110

13.1.4 Delair SAS 111

13.1.4.1 Company Overview 111

13.1.4.2 Financial Overview 111

13.1.4.3 Product Offerings 111

13.1.4.4 Key Developments 112

13.1.4.5 SWOT Analysis 112

13.1.4.6 Key Strategy 112

13.1.5 DJI 113

13.1.5.1 Company Overview 113

13.1.5.2 Financial Overview 113

13.1.5.3 Product Offerings 113

13.1.5.4 Key Developments 113

13.1.5.5 SWOT Analysis 114

13.1.5.6 Key Strategy 114

13.1.6 Aeryon Labs Inc. 115

13.1.6.1 Company Overview 115

13.1.6.2 Financial Overview 115

13.1.6.3 Product Offerings 115

13.1.6.4 Key Developments 115

13.1.6.5 SWOT Analysis 116

13.1.6.6 Key Strategy 116

13.1.7 HoneyComb Corporation 117

13.1.7.1 Company Overview 117

13.1.7.2 Financial Overview 117

13.1.7.3 Product Offerings 117

13.1.7.4 Key Developments 117

13.1.7.5 SWOT Analysis 118

13.1.7.6 Key Strategy 118

13.1.8 Parrot Drones SAS 119

13.1.8.1 Company Overview 119

13.1.8.2 Financial Overview 119

13.1.8.3 Product Offerings 120

13.1.8.4 Key Developments 120

13.1.8.5 SWOT Analysis 121

13.1.8.6 Key Strategy 121

13.1.9 PrecisionHawk 122

13.1.9.1 Company Overview 122

13.1.9.2 Financial Overview 122

13.1.9.3 Product Offerings 122

13.1.9.4 Key Developments 122

13.1.9.5 SWOT Analysis 123

13.1.9.6 Key Strategy 123

13.1.10 3D Robotics, Inc. 124

13.1.10.1 Company Overview 124

13.1.10.2 Financial Overview 124

13.1.10.3 Product Offerings 124

13.1.10.4 Key Developments 124

13.1.10.5 SWOT Analysis 125

13.1.10.6 Key Strategy 125

13.2 Developers of Drone Avionics Systems 126

13.2.1 IDS Ingegneria Dei Sistemi S.p.A 126

13.2.1.1 Company Overview 126

13.2.1.2 Financial Overview 126

13.2.1.3 Product Offerings 126

13.2.1.4 Key Developments 127

13.2.1.5 SWOT Analysis 127

13.2.1.6 Key Strategy 127

13.2.2 Sensurion 128

13.2.2.1 Company Overview 128

13.2.2.2 Financial Overview 128

13.2.2.3 Product Offerings 128

13.2.2.4 Key Developments 128

13.2.2.5 SWOT Analysis 129

13.2.2.6 Key Strategy 129

13.2.3 uAvionix 130

13.2.3.1 Company Overview 130

13.2.3.2 Financial Overview 130

13.2.3.3 Product Offerings 130

13.2.3.4 Key Developments 130

13.2.3.5 SWOT Analysis 131

13.2.3.6 Key Strategy 131

13.3 Developers of Drone Propulsion Systems (Batteries) 132

13.3.1 Tadiran Batteries GmbH 132

13.3.1.1 Company Overview 132

13.3.1.2 Financial Overview 132

13.3.1.3 Product Offerings 132

13.3.1.4 Key Developments 132

13.3.1.5 SWOT Analysis 133

13.3.1.6 Key Strategy 133

13.3.2 Ballard Power Systems 134

13.3.2.1 Company Overview 134

13.3.2.2 Financial Overview 134

13.3.2.3 Product Offerings 135

13.3.2.4 Key Developments 136

13.3.2.5 SWOT Analysis 136

13.3.2.6 Key Strategy 136

13.4 Developers of Passenger Drones 137

13.4.1 Airbus S.A.S 137

13.4.1.1 Company Overview 137

13.4.1.2 Financial Overview 137

13.4.1.3 Product Offerings 138

13.4.1.4 Key Developments 138

13.4.1.5 SWOT Analysis 139

13.4.1.6 Key Strategy 139

13.4.2 Boeing 140

13.4.2.1 Company Overview 140

13.4.2.2 Financial Overview 140

13.4.2.3 Products Offerings 141

13.4.2.4 Key Developments 142

13.4.2.5 SWOT Analysis 142

13.4.2.6 Key Strategy 142

13.4.3 EHANG 143

13.4.3.1 Company Overview 143

13.4.3.2 Financial Overview 143

13.4.3.3 Product Offerings 143

13.4.3.4 Key Developments 143

13.4.3.5 SWOT Analysis 144

13.4.3.6 Key Strategy 144

13.4.4 Uber Technologies Inc. 145

13.4.4.1 Company Overview 145

13.4.4.2 Financial Overview 145

13.4.4.3 Product Offerings 145

13.4.4.4 Key Developments 145

13.4.4.5 SWOT Analysis 146

13.4.4.6 Key Strategy 146

13.4.5 Volocopter GmbH 147

13.4.5.1 Company Overview 147

13.4.5.2 Financial Overview 147

13.4.5.3 Product Offerings 147

13.4.5.4 Key Developments 147

13.4.5.5 SWOT Analysis 148

13.4.5.6 Key Strategy 148

14 Conclusion

15 Appendix

15.1 References 152

16 List of Tables

TABLE 1 MARKET SYNOPSIS 21

TABLE 2 LIST OF ASSUMPTIONS 23

TABLE 3 GLOBAL DRONES MARKET, BY TYPE, 2017 – 2028 (USD MILLION) 41

TABLE 4 GLOBAL DRONES MARKET, BY CAPABILITY, 2017 – 2028 (USD MILLION) 44

TABLE 5 GLOBAL DRONES MARKET, BY CAPACITY, 2017 – 2028 (USD MILLION) 47

TABLE 6 GLOBAL DRONES MARKET, BY APPLICATION, 2017 – 2028 (USD MILLION) 50

TABLE 7 GLOBAL DRONES MARKET, BY COMMERCIAL APPLICATION, 2017 – 2028 (USD MILLION) 51

TABLE 8 GLOBAL DRONE MARKET, BY AGRICULTURAL OPERATION, 2017-2028 (USD MILLION) 52

TABLE 9 GLOBAL DRONE MARKET, BY INDUSTRIAL SECTOR, 2017-2028 (USD MILLION) 54

TABLE 10 GLOBAL DRONES MARKET, BY COMPONENT, 2017 – 2028 (USD MILLION) 59

TABLE 11 GLOBAL DRONES MARKET, BY REGION, 2017-2028 (USD MILLION) 62

TABLE 12 NORTH AMERICA: DRONES MARKET, BY COUNTRY, 2017-2028 (USD MILLION) 63

TABLE 13 NORTH AMERICA: DRONES MARKET, BY TYPE, 2017-2028 (USD MILLION) 64

TABLE 14 NORTH AMERICA: DRONES MARKET, BY CAPABILITY, 2017-2028 (USD MILLION) 64

TABLE 15 NORTH AMERICA: DRONES MARKET, BY CAPACITY, 2017-2028 (USD MILLION) 65

TABLE 16 NORTH AMERICA: DRONES MARKET, BY COMMERCIAL APPLICATION, 2017-2028 (USD MILLION) 66

TABLE 17 NORTH AMERICA: DRONES MARKET, BY COMPONENT, 2017-2028 (USD MILLION) 66

TABLE 18 U.S.: DRONES MARKET, BY TYPE, 2017-2028 (USD MILLION) 67

TABLE 19 U.S.: DRONES MARKET, BY CAPABILITY, 2017-2028 (USD MILLION) 67

TABLE 20 U.S.: DRONES MARKET, BY CAPACITY, 2017-2028 (USD MILLION) 67

TABLE 21 U.S.: DRONES MARKET, BY COMMERCIAL APPLICATION, 2017-2028 (USD MILLION) 68

TABLE 22 U.S.: DRONES MARKET, BY COMPONENT, 2017-2028 (USD MILLION) 68

TABLE 23 CANADA: DRONES MARKET, BY TYPE, 2017-2028 (USD MILLION) 69

TABLE 24 CANADA: DRONES MARKET, BY CAPACITY, 2017-2028 (USD MILLION) 69

TABLE 25 CANADA: DRONES MARKET, BY COMMERCIAL APPLICATION, 2017-2028 (USD MILLION) 69

TABLE 26 CANADA: DRONES MARKET, BY COMPONENT, 2017-2028 (USD MILLION) 70

TABLE 27 ASIA PACIFIC: DRONES MARKET, BY COUNTRY, 2017-2028 (USD MILLION) 72

TABLE 28 ASIA PACIFIC: DRONES MARKET, BY TYPE, 2017-2028 (USD MILLION) 72

TABLE 29 ASIA PACIFIC: DRONES MARKET, BY CAPABILITY, 2017-2028 (USD MILLION) 73

TABLE 30 ASIA PACIFIC: DRONES MARKET, BY CAPACITY, 2017-2028 (USD MILLION) 74

TABLE 31 ASIA PACIFIC: DRONES MARKET, BY COMMERCIAL APPLICATION, 2017-2028 (USD MILLION) 75

TABLE 32 ASIA PACIFIC: DRONES MARKET, BY COMPONENT, 2017-2028 (USD MILLION) 75

TABLE 33 CHINA: DRONES MARKET, BY TYPE, 2017-2028 (USD MILLION) 76

TABLE 34 CHINA: DRONES MARKET, BY CAPABILITY, 2017-2028 (USD MILLION) 76

TABLE 35 CHINA: DRONES MARKET, BY CAPACITY, 2017-2028 (USD MILLION) 77

TABLE 36 CHINA: DRONES MARKET, BY COMMERCIAL APPLICATION, 2017-2028 (USD MILLION) 77

TABLE 37 CHINA: DRONES MARKET, BY COMPONENT, 2017-2028 (USD MILLION) 77

TABLE 38 JAPAN: DRONES MARKET, BY TYPE, 2017-2028 (USD MILLION) 78

TABLE 39 JAPAN: DRONES MARKET, BY CAPABILITY, 2017-2028 (USD MILLION) 78

TABLE 40 JAPAN: DRONES MARKET, BY CAPACITY, 2017-2028 (USD MILLION) 79

TABLE 41 JAPAN: DRONES MARKET, BY COMMERCIAL APPLICATION, 2017-2028 (USD MILLION) 79

TABLE 42 JAPAN: DRONES MARKET, BY COMPONENT, 2017-2028 (USD MILLION) 79

TABLE 43 SOUTH KOREA: DRONES MARKET, BY TYPE, 2017-2028 (USD MILLION) 80

TABLE 44 SOUTH KOREA: DRONES MARKET, BY CAPABILITY, 2017-2028 (USD MILLION) 80

TABLE 45 SOUTH KOREA: DRONES MARKET, BY CAPACITY, 2017-2028 (USD MILLION) 80

TABLE 46 SOUTH KOREA: DRONES MARKET, BY COMMERCIAL APPLICATION, 2017-2028 (USD MILLION) 81

TABLE 47 SOUTH KOREA: DRONES MARKET, BY COMPONENT, 2017-2028 (USD MILLION) 81

TABLE 48 INDIA: DRONES MARKET, BY TYPE, 2017-2028 (USD MILLION) 82

TABLE 49 INDIA: DRONES MARKET, BY CAPACITY, 2017-2028 (USD MILLION) 82

TABLE 50 INDIA: DRONES MARKET, BY COMMERCIAL APPLICATION, 2017-2028 (USD MILLION) 82

TABLE 51 INDIA: DRONES MARKET, BY COMPONENT, 2017-2028 (USD MILLION) 83

TABLE 52 AUSTRALIA: DRONES MARKET, BY TYPE, 2017-2028 (USD MILLION) 83

TABLE 53 AUSTRALIA: DRONES MARKET, BY CAPACITY, 2017-2028 (USD MILLION) 84

TABLE 54 AUSTRALIA: DRONES MARKET, BY COMMERCIAL APPLICATION, 2017-2028 (USD MILLION) 84

TABLE 55 AUSTRALIA: DRONES MARKET, BY COMPONENT, 2017-2028 (USD MILLION) 84

TABLE 56 REST OF ASIA PACIFIC: DRONES MARKET, BY TYPE, 2017-2028 (USD MILLION) 85

TABLE 57 REST OF ASIA PACIFIC: DRONES MARKET, BY CAPABILITY, 2017-2028 (USD MILLION) 85

TABLE 58 REST OF ASIA PACIFIC: DRONES MARKET, BY CAPACITY, 2017-2028 (USD MILLION) 86

TABLE 59 REST OF ASIA PACIFIC: DRONES MARKET, BY COMMERCIAL APPLICATION, 2017-2028 (USD MILLION) 86

TABLE 60 REST OF ASIA PACIFIC: DRONES MARKET, BY COMPONENT, 2017-2028 (USD MILLION) 86

TABLE 61 MIDDLE EAST & AFRICA: DRONES MARKET, BY COUNTRY, 2017-2028 (USD MILLION) 88

TABLE 62 MIDDLE EAST & AFRICA: DRONES MARKET, BY TYPE, 2017-2028 (USD MILLION) 88

TABLE 63 REST OF THE WORLD: DRONES MARKET, BY CAPABILITY, 2017-2028 (USD MILLION) 89

TABLE 64 MIDDLE EAST & AFRICA: DRONES MARKET, BY CAPACITY, 2017-2028 (USD MILLION) 90

TABLE 65 MIDDLE EAST & AFRICA: DRONES MARKET, BY COMMERCIAL APPLICATION, 2017-2028 (USD MILLION) 90

TABLE 66 MIDDLE EAST & AFRICA: DRONES MARKET, BY COMPONENT, 2017-2028 (USD MILLION) 91

TABLE 67 UAE: DRONES MARKET, BY TYPE, 2017-2028 (USD MILLION) 92

TABLE 68 UAE: DRONES MARKET, BY CAPABILITY, 2017-2028 (USD MILLION) 92

TABLE 69 UAE: DRONES MARKET, BY CAPACITY, 2017-2028 (USD MILLION) 92

TABLE 70 UAE: DRONES MARKET, BY COMMERCIAL APPLICATION, 2017-2028 (USD MILLION) 93

TABLE 71 UAE: DRONES MARKET, BY COMPONENT, 2017-2028 (USD MILLION) 93

TABLE 72 SAUDI ARABIA: DRONES MARKET, BY TYPE, 2017-2028 (USD MILLION) 94

TABLE 73 SAUDI ARABIA: DRONES MARKET, BY CAPABILITY, 2017-2028 (USD MILLION) 94

TABLE 74 SAUDI ARABIA: DRONES MARKET, BY CAPACITY, 2017-2028 (USD MILLION) 94

TABLE 75 SAUDI ARABIA: DRONES MARKET, BY COMMERCIAL APPLICATION, 2017-2028 (USD MILLION) 95

TABLE 76 SAUDI ARABIA: DRONES MARKET, BY COMPONENT, 2017-2028 (USD MILLION) 95

TABLE 77 ISRAEL: DRONES MARKET, BY TYPE, 2017-2028 (USD MILLION) 96

TABLE 78 ISRAEL: DRONES MARKET, BY CAPABILITY, 2017-2028 (USD MILLION) 96

TABLE 79 ISRAEL: DRONES MARKET, BY CAPACITY, 2017-2028 (USD MILLION) 96

TABLE 80 ISRAEL: DRONES MARKET, BY COMMERCIAL APPLICATION, 2017-2028 (USD MILLION) 97

TABLE 81 ISRAEL: DRONES MARKET, BY COMPONENT, 2017-2028 (USD MILLION) 97

TABLE 82 REST OF MIDDLE EAST & AFRICA: DRONES MARKET, BY TYPE, 2017-2028 (USD MILLION) 98

TABLE 83 OTHER COUNTRIES: DRONES MARKET, BY CAPABILITY, 2017-2028 (USD MILLION) 98

TABLE 84 REST OF MIDDLE EAST & AFRICA: DRONES MARKET, BY CAPACITY, 2017-2028 (USD MILLION) 98

TABLE 85 REST OF MIDDLE EAST & AFRICA: DRONES MARKET, BY COMMERCIAL APPLICATION, 2017-2028 (USD MILLION) 99

TABLE 86 REST OF MIDDLE EAST & AFRICA: DRONES MARKET, BY COMPONENT, 2017-2028 (USD MILLION) 99

TABLE 87 MAJOR MERGERS AND ACQUISITIONS 102

TABLE 88 AEROVIRONMENT, INC.: PRODUCT OFFERINGS 105

TABLE 89 AEROVIRONMENT, INC.: KEY DEVELOPMENTS 106

TABLE 90 AGEAGLE AERIAL SYSTEMS: PRODUCT OFFERINGS 107

TABLE 91 AGEAGLE AERIAL SYSTEMS: KEY DEVELOPMENTS 107

TABLE 92 AGRIBOTIX LLC: PRODUCT OFFERINGS 109

TABLE 93 AGRIBOTIX LLC.: KEY DEVELOPMENTS 109

TABLE 94 DELAIR SAS: PRODUCT OFFERINGS 111

TABLE 95 DELAIR SAS: KEY DEVELOPMENTS 112

TABLE 96 DJI: PRODUCT OFFERINGS 113

TABLE 97 DJ : KEY DEVELOPMENTS 113

TABLE 98 AERYON LABS INC.: PRODUCT OFFERINGS 115

TABLE 99 AERYON LABS INC.: KEY DEVELOPMENTS 115

TABLE 100 HONEYCOMB CORPORATION: PRODUCT OFFERINGS 117

TABLE 101 HONEYCOMB CORPORATION: KEY DEVELOPMENTS 117

TABLE 102 PAROT DRONES SAS: PRODUCT OFFERINGS 120

TABLE 103 PARROT DRONES SAS: KEY DEVELOPMENTS 120

TABLE 104 PRECISIONHAWK: PRODUCT OFFERINGS 122

TABLE 105 PRECISIONHAWK: KEY DEVELOPMENTS 122

TABLE 106 3D ROBOTICS, INC.: PRODUCT OFFERINGS 124

TABLE 107 3D ROBOTICS, INC.: KEY DEVELOPMENTS 124

TABLE 108 IDS INGEGNERIA DEI SISTEMI S.P.A: PRODUCT OFFERINGS 126

TABLE 109 IDS INGEGNERIA DEI SISTEMI S.P.A: KEY DEVELOPMENTS 127

TABLE 110 SENSURION: PRODUCT OFFERINGS 128

TABLE 111 SENSURION: KEY DEVELOPMENTS 128

TABLE 112 UAVIONIX: PRODUCT OFFERINGS 130

TABLE 113 UAVIONIX: KEY DEVELOPMENTS 130

TABLE 114 TADIRAN BATTERIES GMBH: PRODUCT OFFERINGS 132

TABLE 115 TADIRAN BATTERIES GMBH: KEY DEVELOPMENTS 132

TABLE 116 BALLARD POWER SYSTEMS: PRODUCT OFFERINGS 135

TABLE 117 BALLARD POWER SYSTEMS: KEY DEVELOPMENTS 136

TABLE 118 AIRBUS S.A.S: PRODUCT OFFERINGS 138

TABLE 119 AIRBUS S.A.S: KEY DEVELOPMENTS 138

TABLE 120 BOEING: PRODUCT OFFERINGS 141

TABLE 121 BOEING: KEY DEVELOPMENTS 142

TABLE 122 EHANG: PRODUCT OFFERINGS 143

TABLE 123 EHANG: KEY DEVELOPMENTS 143

TABLE 124 UBER TECHNOLOGIES INC.: PRODUCT OFFERINGS 145

TABLE 125 UBER TECHNOLOGIES INC.: KEY DEVELOPMENTS 145

TABLE 126 VOLOCOPTER GMBH: PRODUCT OFFERINGS 147

TABLE 127 VOLOCOPTER GMBH: KEY DEVELOPMENTS 147

17 List of Figures

FIGURE 1 GLOBAL DRONES MARKET: MARKET STRUCTURE 24

FIGURE 2 KEY TAKEAWAYS FROM THE GLOBAL DRONES MARKET 25

FIGURE 3 KEY BUYING CRITERIA OF DRONES 25

FIGURE 4 RESEARCH PROCESS OF MRFR 27

FIGURE 5 TOP DOWN & BOTTOM UP APPROACH 29

FIGURE 6 DROC ANALYSIS OF GLOBAL DRONES MARKET 31

FIGURE 7 GLOBAL DRONES MARKET: DRIVER IMPACT ANALYSIS 32

FIGURE 8 GLOBAL DRONES MARKET: RESTRAINT IMPACT ANALYSIS 33

FIGURE 9 BENEFITS OF 3D PRINTING OF DRONES 34

FIGURE 10 UAV INCIDENTS IN THE U.S. 35

FIGURE 11 SUPPLY CHAIN: DRONES MARKET 37

FIGURE 12 PORTER'S FIVE FORCES ANALYSIS OF THE GLOBAL DRONES MARKET 38

FIGURE 13 GLOBAL DRONES MARKET, BY TYPE, 2018 (% SHARE) 42

FIGURE 14 GLOBAL DRONES MARKET, BY TYPE, 2017 – 2028 (USD MILLION) 42

FIGURE 15 GLOBAL DRONES MARKET, BY CAPABILITY, 2018 (% SHARE) 45

FIGURE 16 GLOBAL DRONES MARKET, BY CAPABILITY, 2017 – 2028 (USD MILLION) 45

FIGURE 17 GLOBAL DRONES MARKET, BY CAPACITY, 2018 (% SHARE) 48

FIGURE 18 GLOBAL DRONES MARKET, BY CAPACITY, 2017–2028 (USD MILLION) 48

FIGURE 19 GLOBAL DRONES MARKET, BY APPLICATION, 2018 (% SHARE) 50

FIGURE 20 GLOBAL DRONES MARKET, BY APPLICATION, 2017 – 2028 (USD MILLION) 50

FIGURE 21 GLOBAL DRONES MARKET, BY COMMERCIAL APPLICATION, 2018 (% SHARE) 51

FIGURE 22 GLOBAL DRONES MARKET, BY COMMERCIAL APPLICATION, 2017 – 2028 (USD MILLION) 51

FIGURE 23 GLOBAL DRONES MARKET, BY AGRICULTURAL OPERATION, 2018 (% SHARE) 52

FIGURE 24 GLOBAL DRONES MARKET, BY AGRICULTURAL OPERATION, 2017 – 2028 (USD MILLION) 53

FIGURE 25 GLOBAL DRONES MARKET, BY INDUSTRIAL SECTOR, 2018 (% SHARE) 55

FIGURE 26 GLOBAL DRONES MARKET, BY INDUSTRIAL SECTOR, 2017 – 2028 (USD MILLION) 55

FIGURE 27 GLOBAL DRONES MARKET, BY COMPONENT, 2018 (% SHARE) 59

FIGURE 28 GLOBAL DRONES MARKET, BY COMPONENT, 2017 – 2028 (USD MILLION) 59

FIGURE 29 GLOBAL DRONES MARKET SHARE, BY REGION, 2018 (% SHARE) 61

FIGURE 30 GLOBAL DRONES MARKET, BY REGION, 2017 TO 2028 (USD MILLION) 61

FIGURE 31 NORTH AMERICA: DRONES MARKET, BY COUNTRY, 2017 TO 2028 (USD MILLION) 62

FIGURE 32 NORTH AMERICA: DRONES MARKET SHARE, BY COUNTRY, 2018 (% SHARE) 63

FIGURE 33 NORTH AMERICA: DRONES MARKET, BY TYPE, 2017 TO 2028 (USD MILLION) 63

FIGURE 34 NORTH AMERICA: DRONES MARKET, BY CAPABILITY, 2017 TO 2028 (USD MILLION) 64

FIGURE 35 NORTH AMERICA: DRONES MARKET, BY CAPACITY, 2017 TO 2028 (USD MILLION) 65

FIGURE 36 NORTH AMERICA: DRONES MARKET, BY COMMERCIAL APPLICATION, 2017 TO 2028 (USD MILLION) 65

FIGURE 37 NORTH AMERICA: DRONES MARKET, BY COMPONENT, 2017 TO 2028 (USD MILLION) 66

FIGURE 38 ASIA PACIFIC: DRONES MARKET, BY COUNTRY, 2017 TO 2028 (USD MILLION) 71

FIGURE 39 ASIA PACIFIC: DRONES MARKET SHARE, BY COUNTRY, 2018 (% SHARE) 71

FIGURE 40 ASIA PACIFIC: DRONES MARKET, BY TYPE, 2017 TO 2028 (USD MILLION) 72

FIGURE 41 ASIA PACIFIC: DRONES MARKET, BY CAPABILITY, 2017 TO 2028 (USD MILLION) 73

FIGURE 42 ASIA PACIFIC: DRONES MARKET, BY CAPACITY, 2017 TO 2028 (USD MILLION) 74

FIGURE 43 ASIA PACIFIC: DRONES MARKET, BY COMMERCIAL APPLICATION, 2017 TO 2028 (USD MILLION) 74

FIGURE 44 ASIA PACIFIC: DRONES MARKET, BY COMPONENT, 2017 TO 2028 (USD MILLION) 75

FIGURE 45 MIDDLE EAST & AFRICA: DRONES MARKET, BY COUNTRY, 2017 TO 2028 (USD MILLION) 87

FIGURE 46 MIDDLE EAST & AFRICA: DRONES MARKET SHARE, BY COUNTRY, 2018 (% SHARE) 87

FIGURE 47 MIDDLE EAST & AFRICA: DRONES MARKET, BY TYPE, 2017 TO 2028 (USD MILLION) 88

FIGURE 48 MIDDLE EAST & AFRICA: DRONES MARKET, BY CAPABILITY, 2017 TO 2028 (USD MILLION) 89

FIGURE 49 MIDDLE EAST & AFRICA: DRONES MARKET, BY CAPACITY, 2017 TO 2028 (USD MILLION) 89

FIGURE 50 MIDDLE EAST & AFRICA: DRONES MARKET, BY COMMERCIAL APPLICATION, 2017 TO 2028 (USD MILLION) 90

FIGURE 51 MIDDLE EAST & AFRICA: DRONES MARKET, BY COMPONENT, 2017 TO 2028 (USD MILLION) 91

FIGURE 52 GLOBAL DRONES MARKET SHARE, 2017 (% SHARE) 101

FIGURE 53 AEROVIRONMENT, INC.: TOTAL REVENUE, 2015-2017 (USD MILLION) 104

FIGURE 54 AEROVIRONMENT, INC.: SEGMENTAL SHARE, 2017 (%) 105

FIGURE 55 AEROVIRONMENT, INC.: GEOGRAPHICAL SHARE, 2017 (%) 105

FIGURE 56 AEROVIRONMENT, INC.: SWOT ANALYSIS 106

FIGURE 57 AGEAGLE AERIAL SYSTEMS: SWOT ANALYSIS 108

FIGURE 58 AGRIBOTIX LLC.: SWOT ANALYSIS 110

FIGURE 59 DELAIR SAS: SWOT ANALYSIS 112

FIGURE 60 DJI: SWOT ANALYSIS 114

FIGURE 61 AERYON LABS INC.: SWOT ANALYSIS 116

FIGURE 62 HONEYCOMB CORPORATION: SWOT ANALYSIS 118

FIGURE 63 PARROT DRONES SAS: TOTAL REVENUE, 2014-2016 (USD MILLION) 119

FIGURE 64 PARROT DRONES SAS: SEGMENTAL REVENUE, 2016 (USD MILLION) 119

FIGURE 65 PARROT DRONES SAS: GEOGRAPHICAL REVENUE, 2016 (USD MILLION) 120

FIGURE 66 PARROT DRONES SAS: SWOT ANALYSIS 121

FIGURE 67 PRECISIONHAWK: SWOT ANALYSIS 123

FIGURE 68 3D ROBOTICS, INC.: SWOT ANALYSIS 125

FIGURE 69 IDS INGEGNERIA DEI SISTEMI S.P.A: SWOT ANALYSIS 127

FIGURE 70 SENSURION: SWOT ANALYSIS 129

FIGURE 71 UAVIONIX: SWOT ANALYSIS 131

FIGURE 72 TADIRAN BATTERIES GMBH: SWOT ANALYSIS 133

FIGURE 73 BALLARD POWER SYSTEMS: TOTAL REVENUE, 2015-2017 (USD MILLION) 134

FIGURE 74 BALLARD POWER SYSTEMS: SEGMENTAL REVENUE, 2017 (USD MILLION) 135

FIGURE 75 BALLARD POWER SYSTEMS: GEOGRAPHICAL REVENUE, 2017 (USD MILLION) 135

FIGURE 76 BALLARD POWER SYSTEMS: SWOT ANALYSIS 136

FIGURE 77 AIRBUS S.A.S: TOTAL REVENUE, 2015-2017 (USD MILLION) 137

FIGURE 78 AIRBUS S.A.S: SEGMENTAL SHARE, 2017 (% SHARE) 138

FIGURE 79 AIRBUS S.A.S: GEOGRAPHICAL SHARE, 2017 (% SHARE) 138

FIGURE 80 AIRBUS S.A.S: SWOT ANALYSIS 139

FIGURE 81 BOEING: TOTAL REVENUE, 2015-2017 (USD MILLION) 140

FIGURE 82 BOEING: SEGMENTAL SHARE, 2017 (% SHARE) 141

FIGURE 83 BOEING: GEOGRAPHICAL SHARE, 2017 (% SHARE) 141

FIGURE 84 BOEING: SWOT ANALYSIS 142

FIGURE 85 EHANG: SWOT ANALYSIS 144

FIGURE 86 UBER TECHNOLOGIES INC.: SWOT ANALYSIS 146

FIGURE 87 VOLOCOPTER GMBH.: SWOT ANALYSIS 148

Drones Market