Drones are widely used in military, agricultural, monitoring, logistics, film and television production, and other fields, and are favored for their flexibility, low cost, and high efficiency. The development of drones is influenced by various factors such as technology, market demand, and relevant policies. The following is an analysis of the market share of unmanned aerial vehicles in 2024.
Analysis of the Drone Market
The drone market is experiencing unprecedented growth. In 2024, the global drone market is expected to reach a size of 35.28 billion US dollars, and the drone market share analysis predicts that it will grow to 67.64 billion US dollars by 2029, with a compound annual growth rate of 13.90% during the forecast period. In terms of sales, the global drone market is expected to reach 8.19 million units in 2024 and is expected to continue growing.
The Chinese drone market has developed rapidly in recent years, with drone sales accounting for 70% of the global market share. China is the world's largest manufacturer of unmanned aerial vehicles, with over 23000 Chinese drone operators by 2024. China has rapidly grown into a manufacturing and technological powerhouse in the drone industry, with over 1300 civilian drone research and development companies in China, the vast majority of which are private enterprises, and more than 10 companies with sales exceeding 100 million yuan. By 2023, the scale of China's drone industry will reach approximately 126.43 billion yuan, demonstrating the rapid growth and enormous potential of the Chinese drone market. From the perspective of regional scale distribution, the drone industry is mainly concentrated in the central and southern regions, accounting for 75.4% of the overall proportion.
The drone market is fiercely competitive, with a diversified and differentiated competitive landscape. Traditional aviation manufacturers, professional drone manufacturers, as well as startups and innovation teams are actively participating in market competition. Different enterprises choose different development directions and application fields based on their own advantages, forming distinctive market patterns. Chinese enterprises represented by DJI have taken a leading position in the international market through technological innovation and brand influence.
Market share of unmanned aerial vehicles
According to market share analysis data of unmanned aerial vehicles, China's sales of unmanned aerial vehicles account for about 70% of the global market share. The global civilian drone market continues to grow rapidly, with an expected market size of 500 billion yuan by 2025. China's drone sales account for about 70% of the world's total, becoming the backbone of the global low altitude economy development. As the center of China's drone industry, Shenzhen ranks among the top in terms of the number and output value of its drone industry chain enterprises, with an output value of 96 billion yuan, accounting for over 60% of the country's total.
The drone market is expected to grow from $12.57 billion in 2024 to $23.88 billion in 2029, with a compound annual growth rate of approximately 13.70% during this period. The North American market holds 38% of the drone market share, with the United States being a pioneer in global drone technology and market development. The estimated size of the commercial drone market in Europe in 2024 is $7.32 billion, and it is expected to reach around $11.07 billion by 2029, with a compound annual growth rate of 8.62% during the forecast period.
The drone market has reached a size of approximately $10 billion and is expected to grow at a compound annual growth rate of over 20% by 2028, reaching over $25 billion. The Asia Pacific region is the fastest growing region in terms of scale, especially occupying a leading share in the commercial drone field. China and Japan have world leading drone manufacturers and play an important role in driving market development.
In summary, the drone market is experiencing rapid growth and demonstrating broad application prospects and development potential. In the future, with the continuous advancement of technology and the expansion of application fields, as well as the strengthening of policy support and regulation, the drone industry is expected to usher in broader development prospects.
