The global drones market is likely to register a CAGR of over 12.2% with an incremental growth of USD 37 billion during the forecast period 2022-2028.

This industry report offers market estimates of the global market, followed by a detailed analysis of the product, application, and region. The global market data on drones can be segmented by product: unmanned aerial vehicle (UAV), unmanned underwater vehicle (UUV), unmanned ground vehicle (UGV), unmanned surface vehicle (USV). Among these, the UAV segment was accounted for the highest revenue generator in 2021. Drones market is further segmented by application: defense, entertainment, field operations, logistics and warehousing, others. The defense segment is estimated to account for the largest share of the global drones market. Based on region, the drones market is segmented into: Asia Pacific, Europe, North America, Rest of the World (RoW). North America held the largest share of the global drones market in 2021 and is anticipated to hold its share during the forecast period.

The global drones market is highly competitive. The key players in the drones market include AeroVironment Inc., Airbus SE, BAE Systems plc, General Atomics Aeronautical Systems Inc., Guangzhou EHang Intelligent Technology Co. Ltd., Lockheed Martin Corporation, Northrop Grumman Corporation, Parrot S.A., Raytheon Technologies Corporation, Shenzhen Hubsan Technology Co. Ltd., SZ DJI Technology Co. Ltd. , Textron Inc., Thales S.A., The Boeing Company (Insitu Inc.).

The data-centric report focuses on market trends, status and outlook for segments. With comprehensive market assessment across the major geographies, the report is a valuable asset for the existing players, new entrants and the future investors.

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