According to a report by MarketsandMarkets, the global drone market size is expected to reach USD 45.8 billion by 2025, growing at a CAGR of 14.1% from 2020 to 2025. The market is segmented by drone type (fixed-wing, rotary-wing, hybrid), component (hardware, software, services), application (aerial photography, agriculture, construction and mining, delivery and logistics, inspection and monitoring, surveillance and monitoring, and others), and geography.
In terms of market share, DJI is currently the leading drone manufacturer with a market share of over 70%, followed by Autel Robotics, Parrot SA, Yuneec International, and 3D Robotics. However, the competition is increasing, and there are also new entrants in the market, such as Skydio and PowerVision, which are gaining popularity with their innovative drone technologies.
The total addressable market for drones is vast, as drones are being used in various industries and applications such as agriculture, construction, mining, oil and gas, public safety, and many others. The use of drones is expected to increase in the coming years, with new applications and use cases being discovered regularly. For example, drones are being used for medical deliveries, wildlife conservation, and even for entertainment purposes such as drone light shows. As technology continues to advance, the potential for drones to transform various industries and improve efficiency and safety is vast.
Orion Technology 