Drones

[New] Spending on drones will reach $241.4 billion with a compound annual growth rate of 19.8%.
[New] 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.
[New] 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.
[New] 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.
[New] Realizing the Reaper's vulnerability, Air Force is cutting its buy of Reaper drones to 337, with the final 21 drones purchased this year.
[New] 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.
[New] 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.
[New] 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.
[New] On a geographic basis, China will be the largest region for drones and robotics systems with overall spending of $46.9 billion in 2020.
[New] Industry spending on drones will be led by utilities ($1.9 billion), construction ($1.4 billion), and the discrete manufacturing and resource industries.
[New] Spending on drones will total $16.3 billion in 2020 but is forecast to grow at a faster rate than robotics systems.
[New] Worldwide spending on robotics systems and drones will be $128.7 billion in 2020, an increase of 17.1% over 2019.
[New] THE GLOBAL market for business services using drones is expected to rise to more than US$ 127 billion in 2020 from an estimated $2 billion (Bt72 billion) now.
[New] PwC values the market for drones in energy at $9.46 billion, and most analysts predict double-digit growth.
[New] Global shipments of enterprise drones will reach 1.3 million units by 2023.
[New] The number of commercial drones in operation could reach 823,000 by 2023.
[New] In 2020, worldwide shipments of Internet of Things (IoT) enterprise drones will total 526,000 units, an increase of 50% from 2019.
[New] Worldwide shipments of IoT enterprise drones will total 526,000 units, an increase of 50 percent from 2019.
The UAV (unmanned aerial vehicle) propulsion industry analysis projects the market to grow at a moderate CAGR of 8.73% on the basis of value during the forecast period from 2019 to 2024.
The Federal Aviation Administration is monitoring the security risks posed by drones as their use continues to proliferate, with the agency expecting $9 billion in drone sales by 2024.
The tactical UAV market is anticipated to reach USD 6.48 billion by 2024, with a CAGR of 19.21% during the forecast period.
Though tensions between the US and Iran may mark the introduction of drones into more traditional state-to-state warfare, drone use may also render short-lived the twentieth century hope that war can be regulated.

See full forecast

Last updated: 31 May 2020