Global Commercial Drone Market Size & Outlook, 2023-2030
Global commercial drone market, 2018-2030 (US$M)
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Global commercial drone market highlights
- The global commercial drone market generated a revenue of USD 22,981.5 million in 2023 and is expected to reach USD 57,157.1 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 13.9% by 2030.
- In terms of segment, rotary accounted for a revenue of USD 18,157.3 million in 2023.
- Hybrid is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2023.
- Country-wise, U.S. is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 22,981.5 million |
| Market revenue in 2030 | USD 57,157.1 million |
| Growth rate | 13.9% (CAGR from 2023 to 2030) |
| Largest segment | Rotary |
| Fastest growing segment | Hybrid |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Fixed-wing, Rotary, Hybrid |
Other key industry trends
- In terms of revenue, the North America accounted for 28.0% of the global commercial drone market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, U.S. is the fastest growing regional market and is projected to reach USD 9,787.7 million by 2030.
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Commercial Drone Market Scope
Commercial Drone Market Companies
| Name | Profile | # Employees | HQ | Website |
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Global commercial drone market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to commercial drone market will help companies and investors design strategic landscapes.
Rotary was the largest segment with a revenue share of 79.01% in 2023. Horizon Databook has segmented the Global commercial drone market based on fixed-wing, rotary, hybrid covering the revenue growth of each sub-segment from 2018 to 2030.
The ongoing technological advancements continue to shape the global economy and transform the way businesses operate. In this regard, drone technology is gaining massive traction among companies as they are inclined to automate certain tasks to improve their overall productivity.
Drones are being increasingly adopted for automating various tasks, from surveying land and infrastructure to delivering medical supplies. Moreover, drones are also finding important usage in domains such as agriculture and construction to security and logistics, wherein they are proving to be a powerful source to improve efficiency and curtail costs.
Drones are being used for gathering data faster and more accurately, enabling innovation across a wide range of industries. They are able to reduce costs and invest more in their operations by automating certain tasks, such as surveying land or monitoring construction sites.
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Our clientele includes a mix of commercial drone market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of global-level data and insights on the Global commercial drone market , including forecasts for subscribers. This global databook contains high-level insights into Global commercial drone market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global commercial drone market size, by regions, 2018-2030 (US$M)
Top 10 countries: Commercial drone market size, 2023 (US$M)
Global commercial drone market share, by product, 2023 & 2030 (%, US$M)
Commercial drone market: Opportunity assessment by country
Global commercial drone market, by region, 2023 (US$M)
| Product | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 4,834.0 | 5,210.5 | 5,183.8 | 5,336.6 | 5,782.0 | 6,445.9 | 7,258.7 | 8,147.5 | 9,080.7 | 10,030.9 | 10,941.1 | 11,771.8 | 12,513.0 | 9.9% |
| Europe | 3,927.6 | 4,336.3 | 4,418.7 | 4,659.3 | 5,170.8 | 5,904.4 | 6,810.3 | 7,829.7 | 8,938.4 | 10,113.1 | 11,298.5 | 12,451.3 | 13,556.5 | 12.6% |
| Asia Pacific | 3,858.2 | 4,413.6 | 4,659.8 | 5,091.1 | 5,853.8 | 6,925.8 | 8,276.7 | 9,859.3 | 11,661.6 | 13,670.8 | 15,824.7 | 18,069.0 | 20,383.0 | 16.7% |
| Latin America | 1,196.6 | 1,363.9 | 1,434.9 | 1,562.1 | 1,789.8 | 2,110.1 | 2,512.8 | 2,982.8 | 3,515.4 | 4,106.6 | 4,736.7 | 5,389.4 | 6,058.0 | 16.3% |
| MEA | 622.2 | 799.9 | 922.2 | 1,076.7 | 1,300.9 | 1,595.3 | 1,953.3 | 2,360.2 | 2,806.7 | 3,281.6 | 3,760.2 | 4,219.9 | 4,646.6 | 16.5% |
| Overall | 14,438.6 | 16,124.2 | 16,619.4 | 17,725.8 | 19,897.3 | 22,981.5 | 26,811.8 | 31,179.5 | 36,002.8 | 41,203.0 | 46,561.2 | 51,901.4 | 57,157.1 | 13.9% |
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