Electric Drone Trends and Forecast
The future of the global electric drone market looks promising with opportunities in the civil and military markets. The global electric drone market is expected to reach an estimated $3.2 billion by 2030 with a CAGR of 11.1% from 2024 to 2030. The major drivers for this market are advancements in battery technology for longer flight times, expansion of e-commerce globally, and growing applications in agriculture, surveillance, and infrastructure inspection.
• Lucintel forecasts that border surveillance is expected to witness the highest growth over the forecast period.
• Within this market, civil is expected to witness the higher growth.
• North America is expected to witness highest growth over the forecast period.
United States: Major drone companies like DJI and Amazon continue to push boundaries with new product launches and collaborations with government agencies for drone delivery services. Government initiatives focus on streamlining regulations to foster innovation and ensure safety.
China: Chinese drone manufacturers like DJI dominate the market, focusing on technological advancements and expanding their global presence. Government support includes investment in research and development and the promotion of drone applications across industries.
Germany: Companies like Wingcopter are leading innovation in the electric drone sector, emphasizing sustainability and efficiency. Government targets aim to integrate drones into logistics and transportation networks, with initiatives to develop infrastructure and regulations.
Japan: Companies such as Yamaha are investing in electric drone technology for agricultural and industrial applications. Government initiatives prioritize the integration of drones into disaster response and infrastructure inspection, with collaborations between companies and local authorities for testing and implementation.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Electric Drone by Segment
The study includes a forecast for the global electric drone by type, application, and region.
Electric Drone Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Border Surveillance
• Natural Disasters
• Illegal Traffic Monitoring
• Others
Electric Drone Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Civil
• Military
Electric Drone Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Electric Drone Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies electric drone companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the electric drone companies profiled in this report include-
• Agribotix
• Airinov
• Festo
• Gamaya
• Headwall
• Leddartech
• Micasense
Recent Development in the Electric Drone Market
DJI: Introduces Long-Range Drone with Enhanced Battery Life
DJI, a leading player in the drone industry, launched its latest model aimed at long-range aerial photography and surveillance. This new drone boasts an extended battery life, allowing for longer flight durations without compromising performance. With advanced navigation systems and enhanced stability features, DJI continues to push the boundaries of drone technology.
Amazon Prime Air: Expands Drone Delivery Service to Rural Areas
AmazonÄX%$%Xs drone delivery service, Prime Air, has expanded its operations to reach remote and rural areas previously inaccessible by traditional delivery methods. Leveraging cutting-edge navigation and safety protocols, Prime Air aims to revolutionize last-mile delivery logistics, providing faster and more efficient shipping options to customers in underserved regions.
Parrot: Unveils Next-Gen Agricultural Drone for Precision Farming
Parrot announced the launch of its latest agricultural drone equipped with state-of-the-art sensors and imaging technology. Designed specifically for precision farming applications, this drone enables farmers to optimize crop management strategies, monitor soil health, and detect crop stressors with unparalleled accuracy and efficiency.
Lockheed Martin: Develops High-Altitude Solar-Powered Drone
Lockheed Martin revealed its groundbreaking solar-powered drone capable of operating at high altitudes for extended periods. With a focus on providing persistent surveillance and communication capabilities, this innovative drone offers a cost-effective solution for various defense and commercial applications, including border security and disaster response.
Skydio: Collaborates with Ford on Autonomous Drone Integration
Skydio, a pioneer in autonomous drone technology, announced a strategic partnership with Ford to explore integration possibilities for autonomous drones in various industries. Leveraging FordÄX%$%Xs expertise in automotive engineering and SkydioÄX%$%Xs cutting-edge AI-powered drones, the collaboration aims to develop innovative solutions for tasks such as infrastructure inspection, emergency response, and urban mobility.
Features of the Global Electric Drone Market
Market Size Estimates: Electric drone market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Electric drone market size by type, application, and region in terms of value ($B).
Regional Analysis: Electric drone market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the electric drone market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the electric drone market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the electric drone market size?
Answer: The global electric drone market is expected to reach an estimated $3.2 billion by 2030.
Q2. What is the growth forecast for electric drone market?
Answer: The global electric drone market is expected to grow with a CAGR of 11.1% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the electric drone market?
Answer: The major drivers for this market are advancements in battery technology for longer flight times, expansion of e-commerce globally, and growing applications in agriculture, surveillance, and infrastructure inspection.
Q4. What are the major segments for electric drone market?
Answer: The future of the global electric drone market looks promising with opportunities in the civil and military markets.
Q5. Who are the key electric drone market companies?
Answer: Some of the key electric drone companies are as follows:
• Agribotix
• Airinov
• Festo
• Gamaya
• Headwall
• Leddartech
• Micasense
Q6. Which electric drone market segment will be the largest in future?
Answer: Lucintel forecasts that border surveillance is expected to witness the highest growth over the forecast period.
Q7. In electric drone market, which region is expected to be the largest in next 5 years?
Answer: North America is expected to witness highest growth over the forecast period.
Q8. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the electric drone market by type (border surveillance, natural disasters, illegal traffic monitoring, and others), application (civil and military), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Electric Drone Market, Electric Drone Market Size, Electric Drone Market Growth, Electric Drone Market Analysis, Electric Drone Market Report, Electric Drone Market Share, Electric Drone Market Trends, Electric Drone Market Forecast, Electric Drone Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.