The autonomous drones market size has grown exponentially in recent years. It will grow from $17.09 billion in 2023 to $20.74 billion in 2024 at a compound annual growth rate (CAGR) of 21.4%. The growth in the historic period can be attributed to technological advancements, increased demand for aerial surveillance, lower costs of drone components, growth in the defense sector, and expansion of commercial applications. The autonomous drones market size is expected to see exponential growth in the next few years. It will grow to $45.26 billion in 2028 at a compound annual growth rate (CAGR) of 21.5%. The growth in the forecast period can be attributed to rising interest in delivery services, advances in artificial intelligence (AI) and machine learning, regulatory changes favoring drone use, increasing investments in drone technology, and growth in infrastructure and construction sectors. Major trends in the forecast period include enhanced automation and AI integration, expansion in consumer and enterprise use cases, increasing use of drones for agriculture and environmental monitoring, development of new regulatory frameworks, and growth in international markets.
Global Autonomous Drones Market Key Driver
The e-commerce growth is expected to propel the growth of the autonomous delivery robots market going forward. E-commerce refers to buying and selling goods and services online through various platforms and channels. E-commerce is growing due to increased internet penetration, which expands the reach of online shopping and its convenience, allowing consumers to shop anywhere at any time. Autonomous delivery robots enhance e-commerce by speeding up delivery times and reducing operational costs through efficient, automated doorstep deliveries. For instance, in August 2024, according to the United States Census Bureau, a US-based government agency, in the second quarter of 2024, the total U.S. retail e-commerce sales reached an estimated $291.6 billion, marking a 1.3% increase from the first quarter of 2024 and a 6.7% rise compared to the second quarter of 2023. Therefore, e-commerce growth drives the autonomous delivery robots market.
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Global Autonomous Drones Market Segments
The autonomous drones market covered in this report is segmented –
1) By Type: Inspection Or Inspection, Agricultural, Meteorological, Surveying and Mapping, Other Types
2) By Range Of Flight: Less Than 10 Km, 10 Km-20 Km, 20 Km-30 Km, More Than 30 Km
3) By Payload: Less Than 300 Lbs, 300-400 Lbs, 400-500 Lbs
4) By Application: Commercial, Civilian, Military, Other Applications
5) By End-Use Industry: Agriculture And Forestry, Delivery And Logistics, Media And Entertainment, Construction And Mining, Oil And Gas, Security And Law Enforcement, Recreational Activity, Other End Users
By Geography:The regions covered in the autonomous drones market report areAustralia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
North America was the largest region in the autonomous drone market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period.
Major Autonomous Drones Industry Players
Lockheed Martin Corporation, Hexagon AB, DJI Technology Co. Ltd., Yuneec International Co. Ltd., Aerovironment Inc., Holy Stone Technology Co. Ltd., Skydio Inc., Zipline International Inc., Autel Robotics, Parrot Drones S.A., Quantum Systems GmbH, Wingcopter GmbH, Propeller Aero Inc., DroneDeploy Inc., Dronamics Ltd., Ouster Inc., Brinc Drones, Flyability SA, Easy Aerial Inc., Delair AG, JOUAV Technology Co. Ltd., SkySafe Inc., Aerialtronics B.V., Cleo Robotics Inc., Corvus Robotics Inc., Robodub LLC, ModalAI Inc., Skyfront Inc.
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Autonomous Drones Market Overview
Autonomous drones are unmanned aerial vehicles (UAVs) equipped with advanced sensors and artificial intelligence that allow them to perform tasks and navigate without human intervention. They can operate independently, making real-time decisions based on their environment and mission requirements.
Autonomous Drones Global Market Report 2023 provides data on the global autonomous drones market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The autonomous drones market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.
