North America Drones Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 12.57 Billion |
| Market Size (2029) | USD 23.88 Billion |
| CAGR (2024 - 2029) | 13.70 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
North America Drones Market Analysis
The North America Drones Market size is estimated at USD 12.57 billion in 2024, and is expected to reach USD 23.88 billion by 2029, growing at a CAGR of 13.70% during the forecast period (2024-2029).
Drones lingered in a nascent state, struggling for adoption outside the military. However, in the last five years, they have made a notable shift, carving out a substantial niche in the commercial realm. Even during the COVID-19 pandemic, the demand for drones held firm.
Supported by multiple grants from the FAA, drones have found applications in diverse sectors, spanning infrastructure, agriculture, transport, entertainment, security, and insurance. Consequently, enterprise drones are poised for a robust growth trajectory compared to their consumer counterparts.
Due to technological strides, drone manufacturers offer various models varying in size, weight, and shape, each capable of accommodating a range of sensor payloads. As regulations become more drone-friendly, the stage is set for heightened demand, potentially luring new market entrants, including startups and innovators.
Technological enhancements, especially in payloads and electronics, are set to fuel the market's rapid growth. The adoption of drones remains nascent in many developing nations, and the market needs more regulations, particularly those governing drones' operations beyond the visual line of sight.
Challenges, like security and safety apprehensions and a shortage of skilled pilots, could temper the market's growth. Drones are increasingly showcasing their value, particularly in addressing complex challenges, hinting at the potential for securing substantial contracts, notably in the medical sector, in the future.
North America Drones Market Trends
The Agriculture Segment is Expected to Register the Fastest CAGR During the Forecast Period
The agricultural segment is increasingly turning to high-tech devices to boost production and sustainability. The adoption of modern, precise farm technologies is revolutionizing farming. With global population growth and shifting climate patterns, the demand for efficient agriculture is set to rise. Given the vast sizes of many farms, manual monitoring and inspection are labor intensive. Sophisticated agricultural drones offer a comprehensive view of crop growth. These drones empower agriculture professionals to pinpoint issues and enhance field scouting. Notably, in August 2023, the Federal Aviation Administration (FAA) greenlighted Pyka's Pelican Spray drone for crop protection in the United States.
Drones are pivotal in gathering data on crop yields, livestock health, soil quality, and weather patterns. This data highlights existing issues and aids in crafting solutions, leveraging its high reliability. In April 2023, the USDA researchers highlighted the potential of drones in remote sensing, offering insights into landscapes, plants, animals, and their stressors. Universities like Clemson, Georgia, and Purdue actively utilize drones for diverse applications, from pest scouting to 3D renderings for market valuation.
The agricultural segment strives for enhanced productivity, and the adoption of innovative tools like agricultural drones is set to dominate the drone market during the forecast period.
The United States Currently has the Highest Share in the Market
Drones are gaining traction across various industries in the United States, from mapping and surveying to delivery and public safety. As of January 2024, the Federal Aviation Administration (FAA) reported 863,728 registered drones in the United States. Among these, 352,222 are designated for commercial use, while 506,635 are for recreational purposes. The FAA projects that the commercial drone fleet could increase to 858,000 by 2026.
Major players like Amazon, Google, and Walmart are spearheading the adoption of drones for logistics, underscoring the rising demand for commercial drones. This surge is further fueled by recent regulatory shifts, notably lifting the ban on commercial drone flights. The updated regulations permit low-altitude flights within the pilot's visual range. In March 2022, the FAA introduced comprehensive rules covering operations beyond visual line of sight (BVLOS), drone identification, traffic management, and certification. With a clear trend toward BVLOS operations, companies can explore new applications, including long-distance deliveries and infrastructure inspections.
North America Drones Industry Overview
The North American drone market is fragmented, with key players such as BirdsEyeView Aerobotics, DJI, Intel, and Drone Delivery Canada leading the pack. The United States stands out, boasting many small drone companies, with 59% employing ten or fewer employees and an additional 19% with up to 50 employees. This underscores that nearly 80% of the North American drone market comprises small and medium-sized enterprises (SMEs).
Moreover, the market is witnessing the entry of tech giants like Alphabet and Intel, further contributing to its diversification. Concurrently, drone manufacturers, encompassing software and hardware providers, are forging partnerships with service providers to craft cutting-edge, technology-infused drone solutions tailored for commercial applications. For instance, in October 2023, DJI unveiled plans for a cutting-edge LiDAR solution designed specifically for professionals in surveying and geodesy. Such collaborations are poised to enhance operational capabilities and position drone manufacturers to seize emerging market opportunities globally.
North America Drones Market Leaders
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SZ DJI Technology Co. Ltd.
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Parrot SA
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Intel Corporation
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GoPro Inc.
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Yuneec (ATL Drone)
*Disclaimer: Major Players sorted in no particular order
North America Drones Market News
July 2023: Police departments in Salem, New Hampshire; Gresham, Oregon; and Luverne, Alabama, announced plans to procure drones. These drones are intended for various applications, from search and rescue operations to documenting crime scenes and even pursuing suspects.
July 2023: Transport Canada greenlighted Drone Delivery Canada Corp. (DDC) for BVLOS flights. This approval allows DDC to operate BVLOS flights in Golden Horseshoe/Southern Ontario, specifically for transporting Class 7 dangerous goods. This venture also expands on DDC's existing drone operations, which include the successful transportation of medical radioisotopes with its 13.4 km 'Care by Air' commercial drone route.
North America Drones Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porter's Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
4.4 Laws and Regulations for Drones
5. MARKET SEGMENTATION
5.1 Application
5.1.1 Construction
5.1.2 Agriculture
5.1.3 Energy
5.1.4 Law Enforcement
5.1.5 Medical
5.1.6 Parcel Delivery
5.1.7 Other Applications
5.2 Geography
5.2.1 United States
5.2.2 Canada
6. COMPETITIVE LANDSCAPE
6.1 Vendor Market Share
6.2 Company Profiles
6.2.1 SZ DJI Technology Co. Ltd
6.2.2 Intel Corporation
6.2.3 Yuneec (ATL Drone)
6.2.4 GoPro Inc.
6.2.5 Parrot SA
6.2.6 BirdsEyeView Aerobotics
6.2.7 Lockheed Martin Corporation
6.2.8 Autel Robotics Co. Ltd
6.2.9 3D Robotics Inc.
6.2.10 The Boeing Company
6.2.11 Drone Delivery Canada
6.2.12 Alphabet Inc.
6.2.13 UVify Inc.
6.2.14 Holy Stone
6.2.15 Kespry (Firmatek LLC)
6.2.16 AgEagle Aerial Systems Inc.
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
North America Drones Industry Segmentation
A drone, also known as a UAV, is a technological device that operates without a human pilot on board. Drones are equipped with remote control systems or autonomous programming, allowing them to navigate the air rapidly. Drones have diverse applications in civilian and military domains, such as photography, surveillance, agriculture, and recreational activities. These versatile devices feature cameras or sensors that capture high-quality images or data, making them practical tools in various industries.
The North American drone market is Segmented by application (construction, agriculture, energy, law enforcement, medical, parcel delivery, and other applications) and geography (United States and Canada). The market size is provided for each segment in terms of value (USD).
| Application | |
| Construction | |
| Agriculture | |
| Energy | |
| Law Enforcement | |
| Medical | |
| Parcel Delivery | |
| Other Applications |
| Geography | |
| United States | |
| Canada |
North America Drones Market Research FAQs
How big is the North America Drones Market?
The North America Drones Market size is expected to reach USD 12.57 billion in 2024 and grow at a CAGR of 13.70% to reach USD 23.88 billion by 2029.
What is the current North America Drones Market size?
In 2024, the North America Drones Market size is expected to reach USD 12.57 billion.
Who are the key players in North America Drones Market?
SZ DJI Technology Co. Ltd., Parrot SA, Intel Corporation, GoPro Inc. and Yuneec (ATL Drone) are the major companies operating in the North America Drones Market.
What years does this North America Drones Market cover, and what was the market size in 2023?
In 2023, the North America Drones Market size was estimated at USD 10.85 billion. The report covers the North America Drones Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the North America Drones Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
North America Drone Industry Report
Statistics for the 2024 North America Drone market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. North America Drone analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
North America Drone Market Report Snapshots
