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Global Drone Market

Shanghai, China - August 10, 2015 - The world drone market was estimated to worth $1.1 billion in 2014, and the market revenue is forecast to grow to $6.0 billion in 2020, at a CAGR 32.5% in the period, according to a market research report, entitled "The World Market for Drones - 2015 Edition", recently published by Innova Research.


The report classifies the drones into consumer drones and commercial drones (military drones are not included in the report). The commercial drone segment is further split by industry application, including agriculture & forester, mapping/GIS, media & entertainment, logistics & retails, science research & environment, oil & gas inspection, power grid inspection, and public safety & security, among others. On the other hand, the world drone market is also split by region (North America, Western Europe, Asia Pacific, EMEA, among others), and country (US, China, France, Germany, Japan, among others), by size (nano, small, medium, and large), and by control manner (autopilot), with unit shipments and revenues for each of the above mentioned drone market segment presented in the report. Meanwhile, relevant regulations in major countries such as US and China are also discussed in the report.


Among the key findings:


- Commercial drones are leading the growth of the world drone market in the next five years. In 2019, revenue from the commercial drone segment is forecast to overtake that from the consumer segment.


- The regulation restrictions to the drones are anticipated to be eased in 2017, results in a forecast boom in the world drone market in 2018 and afterwards, especially in the commercial drone sector.


- While multi-rotor drones remain as the largest drone type from 2014 to 2020, fixed-wings are forecast to grow at the highest rates among the drone types.


- US remains as the largest country in terms of drone market revenue in the next five years, while the higher growth rates are forecast for emerging countries, such as China.


Richard Jun Li, Vice President of Innova Research commented:" Although the consumer drone segment is larger than the commercial drone segment in terms of revenue at present, we believe that the largest growth opportunities are with the commercial drone segment, mainly due to the rapidly increasing adoption of the drones in various commercial applications, including agriculture & forester, mapping/GIS, and power grid inspection, which are forecast to be the top three drone applications in terms of revenue growth in the next five years."

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