Drone technology market size in education sector to grow by USD 499.16 million from 2021 to 2026; Growth driven by increased emphasis on STEM education - Technavio

Rhea-AI Summary

The drone technology market in the education sector is projected to grow by USD 499.16 million from 2021 to 2026, at a CAGR of 17.53%, driven by factors including increased emphasis on STEM education and government initiatives. The demand for K-12 drone kits is rising as educational institutions adapt to ensure a skilled workforce. However, challenges such as safety concerns and regulatory hurdles hinder market potential. The Asia-Pacific region is expected to account for 39% of market growth due to its high school-going population and numerous vendors, promoting educational drone technology.

Positive

• Projected growth of USD 499.16 million from 2021 to 2026.
• High CAGR of 17.53%, indicating strong market potential.
• Increasing demand for STEM education and K-12 drone kits.

Negative

• Challenges related to safety and regulatory compliance.
• Short battery life and low payload capacity of drones.

NEW YORK, March 21, 2023 /PRNewswire/ -- The drone technology market in education sector is estimated to grow by USD 499.16 million from 2021 to 2026 at a CAGR of 17.53% according to Technavio. The market is driven by the increased emphasis on STEM education, the adoption of BYOD policy, and government initiatives and campaigns promoting drones in the education sector. The prominence of STEM education has increased significantly over the last decade. The high employment prospects associated with STEM education have increased student enrollment in STEM-based courses and degree programs. In addition, educational institutions are implementing changes in the education system to ensure that the workforce has better skill sets. Schools are procuring various teaching and learning aids and solutions along with other infrastructural changes. This has increased the demand for products and solutions for STEM, such as K-12 drone kits. All these factors are driving the growth of the market. To understand more about the drone technology market in education sector, request a sample report

Drone Technology Market in Education Sector: Insights -

• Vendors: 15+, including Aerialtronics DV B.V., Drona Aviation Pvt. Ltd., EHang Holdings Ltd., GoPro Inc., Guangdong Syma Model Aircraft Industrial Co. Ltd., Makeblock Co. Ltd., Parrot Drones SAS, Robolink Inc., Shenzhen Fimi Robot Technology Co. Ltd., Shenzhen Hubsan Technology Co. Ltd., Shenzhen RYZE Tech Co. Ltd., Skydio Inc., SZ DJI Technology Co. Ltd., Traxxas, Yuneec International Co. Ltd., among others
• Coverage: Parent market analysis; key drivers, major trends, and challenges; customer and vendor landscape; vendor product insights and recent developments; key vendors; and market positioning of vendors
• Segments: Application (Security surveillance and Learning), End-user (Higher education sector and K-12 sector), and Geography (North America, APAC, Europe, South America, and Middle East and Africa)

Drone Technology Market in Education Sector – Major Challenges

• Challenges related to safety aspects
• Short battery life and low payload-carrying capacity of drones
• Regulatory challenges

Several steps need to be taken care of to prevent drones from causing harm to manned aircraft and infrastructure. They must be restricted from flying near airports and sensitive areas such as military installations. Also, drones must comply with various regulatory standards. For instance, embedding geo-fencing prevents drones from flying in restricted areas. Moreover, drones are very well-equipped with collision avoidance technologies, which could lead to accidents. Many such challenges are reducing the growth potential in the market.

Drivers, trends, and challenges have an impact on market dynamics, which can impact businesses. Find more insights in a sample report!

Drone Technology Market in Education Sector – Regional Analysis

The report analyzes the growth of the market across regions such as North America, APAC, Europe, South America, and Middle East and Africa. APAC will account for 39% of the market growth during the forecast period. The region has the highest school-going population globally, Thus, providing security and safety to students is a growing concern for educational institutions. Besides, the region is home to a large number of vendors such as SZ DJI Technology Co. Ltd., Shenzhen Ryze Technology Co. Ltd., Shenzhen Hubsan Technology Co. Ltd., and Yuneec international Co. Ltd. These vendors are promoting drone technology in the education sector through new product launches. All these factors are driving the growth of the regional market.

Drone Technology Market in Education Sector - Vendor Insights

The market is fragmented due to the presence of several vendors. The competition in the market is high among major vendors. They are adopting strategies such as launching innovative products, using multi-distribution sales channels, and collaborating with educational institutions to remain competitive in the market. The competition among vendors will increase further with an increase in product lines by pure play as well as global players. Hence, it is imperative for vendors to differentiate their product offerings from those of their competitors so that customers can distinguish between products and features. Also, vendors should focus on the demand for drones in emerging as well as mature markets. Some of the key vendors covered in the report include:

• Aerialtronics DV B.V.
• Drona Aviation Pvt. Ltd.
• EHang Holdings Ltd.
• GoPro inc.
• Guangdong Syma Model Aircraft Industrial Co. Ltd.
• Makeblock Co. Ltd.
• Parrot Drones SAS
• Robolink inc.
• Shenzhen Fimi Robot Technology Co. Ltd.
• Shenzhen Hubsan Technology Co. Ltd.
• Shenzhen RYZE Tech Co. Ltd.
• Skydio inc.
• SZ DJI Technology Co. Ltd.
• Traxxas
• Yuneec international Co. Ltd.

The drone technology market in education sector report provides critical information and factual data, with a qualitative and quantitative study of the market based on market drivers and limitations as well as future prospects.

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What are the key data covered in this drone technology market in education sector report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the drone technology market in education sector between 2022 and 2026
• Precise estimation of the size of the drone technology market in education sector and its contribution to the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the drone technology market in education sector across North America, APAC, Europe, South America, and Middle East and Africa
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of drone technology market vendors in education sector

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Drone Technology Market in Education Sector Scope
Report Coverage	Details
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 17.53%
Market growth 2022-2026	USD 499.16 million
Market structure	Fragmented
YoY growth 2022-2023 (%)	16.74
Regional analysis	North America, APAC, Europe, South America, and Middle East and Africa
Performing market contribution	APAC at 39%
Key countries	US, Canada, Japan, China, and UK
Competitive landscape	Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks
Key companies profiled	Aerialtronics DV B.V., Drona Aviation Pvt. Ltd., EHang Holdings Ltd., GoPro Inc., Guangdong Syma Model Aircraft Industrial Co. Ltd., Makeblock Co. Ltd., Parrot Drones SAS, Robolink Inc., Shenzhen Fimi Robot Technology Co. Ltd., Shenzhen Hubsan Technology Co. Ltd., Shenzhen RYZE Tech Co. Ltd., Skydio Inc., SZ DJI Technology Co. Ltd., Traxxas, and Yuneec International Co. Ltd.
Market dynamics	Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Browse through Technavio's Consumer Discretionary Market Reports

Table of contents:

1 Executive Summary

• 1.1 Market overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Distribution Channel
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Type
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global science, technology, engineering and mathematics (STEM) toys market 2017 - 2021
• Exhibit 18: Historic Market Size – Data Table on Global science, technology, engineering and mathematics (STEM) toys market 2017 - 2021 ($ million)

• 4.2 Geography Segment Analysis 2017 - 2021 
• Exhibit 19: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

• 4.3 Distribution channel Segment Analysis 2017 - 2021 
• Exhibit 20: Historic Market Size – Distribution channel Segment 2017 - 2021 ($ million)

• 4.4 Type Segment Analysis 2017 - 2021 
• Exhibit 21: Historic Market Size – Type Segment 2017 - 2021 ($ million)

• 4.5 Country Segment Analysis 2017 - 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Distribution Channel

• 6.1 Market segments
• Exhibit 30: Chart on Distribution Channel - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Distribution Channel - Market share 2022-2027 (%)

• 6.2 Comparison by Distribution Channel 
• Exhibit 32: Chart on Comparison by Distribution Channel
• Exhibit 33: Data Table on Comparison by Distribution Channel

• 6.3 Offline - Market size and forecast 2022-2027 
• Exhibit 34: Chart on Offline - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on Offline - Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on Offline - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Offline - Year-over-year growth 2022-2027 (%)

• 6.4 Online - Market size and forecast 2022-2027 
• Exhibit 38: Chart on Online - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on Online - Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on Online - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Online - Year-over-year growth 2022-2027 (%)

• 6.5 Market opportunity by Distribution Channel 
• Exhibit 42: Market opportunity by Distribution Channel ($ million)

7 Market Segmentation by Type

• 7.1 Market segments
• Exhibit 43: Chart on Type - Market share 2022-2027 (%)
• Exhibit 44: Data Table on Type - Market share 2022-2027 (%)

• 7.2 Comparison by Type
• Exhibit 45: Chart on Comparison by Type
• Exhibit 46: Data Table on Comparison by Type

• 7.3 STEM electromechanical systems - Market size and forecast 2022-2027 
• Exhibit 47: Chart on STEM electromechanical systems - Market size and forecast 2022-2027 ($ million)
• Exhibit 48: Data Table on STEM electromechanical systems - Market size and forecast 2022-2027 ($ million)
• Exhibit 49: Chart on STEM electromechanical systems - Year-over-year growth 2022-2027 (%)
• Exhibit 50: Data Table on STEM electromechanical systems - Year-over-year growth 2022-2027 (%)

• 7.4 STEM electronics - Market size and forecast 2022-2027 
• Exhibit 51: Chart on STEM electronics - Market size and forecast 2022-2027 ($ million)
• Exhibit 52: Data Table on STEM electronics - Market size and forecast 2022-2027 ($ million)
• Exhibit 53: Chart on STEM electronics - Year-over-year growth 2022-2027 (%)
• Exhibit 54: Data Table on STEM electronics - Year-over-year growth 2022-2027 (%)

• 7.5 STEM robotics - Market size and forecast 2022-2027 
• Exhibit 55: Chart on STEM robotics - Market size and forecast 2022-2027 ($ million)
• Exhibit 56: Data Table on STEM robotics - Market size and forecast 2022-2027 ($ million)
• Exhibit 57: Chart on STEM robotics - Year-over-year growth 2022-2027 (%)
• Exhibit 58: Data Table on STEM robotics - Year-over-year growth 2022-2027 (%)

• 7.6 Market opportunity by Type 
• Exhibit 59: Market opportunity by Type ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 60: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 61: Chart on Market share by geography 2022-2027 (%)
• Exhibit 62: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 63: Chart on Geographic comparison
• Exhibit 64: Data Table on Geographic comparison

• 9.3 APAC - Market size and forecast 2022-2027 
• Exhibit 65: Chart on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 66: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 67: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 68: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.4 North America - Market size and forecast 2022-2027 
• Exhibit 69: Chart on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 70: Data Table on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 71: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 72: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.5 Europe - Market size and forecast 2022-2027 
• Exhibit 73: Chart on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 74: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 75: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 76: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.6 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 77: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 78: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 79: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 80: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.7 South America - Market size and forecast 2022-2027 
• Exhibit 81: Chart on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 82: Data Table on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 83: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 84: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.8 US - Market size and forecast 2022-2027 
• Exhibit 85: Chart on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 86: Data Table on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 87: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 88: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.9 Japan - Market size and forecast 2022-2027 
• Exhibit 89: Chart on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 90: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 91: Chart on Japan - Year-over-year growth 2022-2027 (%)
• Exhibit 92: Data Table on Japan - Year-over-year growth 2022-2027 (%)

• 9.10 China - Market size and forecast 2022-2027 
• Exhibit 93: Chart on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 94: Data Table on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 95: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 96: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.11 France - Market size and forecast 2022-2027 
• Exhibit 97: Chart on France - Market size and forecast 2022-2027 ($ million)
• Exhibit 98: Data Table on France - Market size and forecast 2022-2027 ($ million)
• Exhibit 99: Chart on France - Year-over-year growth 2022-2027 (%)
• Exhibit 100: Data Table on France - Year-over-year growth 2022-2027 (%)

• 9.12 Canada - Market size and forecast 2022-2027 
• Exhibit 101: Chart on Canada - Market size and forecast 2022-2027 ($ million)
• Exhibit 102: Data Table on Canada - Market size and forecast 2022-2027 ($ million)
• Exhibit 103: Chart on Canada - Year-over-year growth 2022-2027 (%)
• Exhibit 104: Data Table on Canada - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 105: Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 106: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape
• Exhibit 107: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption
• Exhibit 108: Overview on factors of disruption

• 11.4 Industry risks
• Exhibit 109: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered
• Exhibit 110: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 111: Matrix on vendor position and classification

• 12.3 All Star Learning Inc. 
• Exhibit 112: All Star Learning Inc. - Overview
• Exhibit 113: All Star Learning Inc. - Product / Service
• Exhibit 114: All Star Learning Inc. - Key offerings

• 12.4 Elenco Electronics Inc. 
• Exhibit 115: Elenco Electronics Inc. - Overview
• Exhibit 116: Elenco Electronics Inc. - Product / Service
• Exhibit 117: Elenco Electronics Inc. - Key offerings

• 12.5 Evertoys
• Exhibit 118: Evertoys - Overview
• Exhibit 119: Evertoys - Product / Service
• Exhibit 120: Evertoys - Key offerings

• 12.6 Evollve Inc.
• Exhibit 121: Evollve Inc. - Overview
• Exhibit 122: Evollve Inc. - Product / Service
• Exhibit 123: Evollve Inc. - Key offerings

• 12.7 Fat Brain Toys LLC.
• Exhibit 124: Fat Brain Toys LLC. - Overview
• Exhibit 125: Fat Brain Toys LLC. - Product / Service
• Exhibit 126: Fat Brain Toys LLC. - Key offerings

• 12.8 Fun Express LLC
• Exhibit 127: Fun Express LLC - Overview
• Exhibit 128: Fun Express LLC - Product / Service
• Exhibit 129: Fun Express LLC - Key offerings

• 12.9 Funvention Learning Pvt. Ltd. 
• Exhibit 130: Funvention Learning Pvt. Ltd. - Overview
• Exhibit 131: Funvention Learning Pvt. Ltd. - Product / Service
• Exhibit 132: Funvention Learning Pvt. Ltd. - Key offerings

• 12.10 Johnco
• Exhibit 133: Johnco - Overview
• Exhibit 134: Johnco - Product / Service
• Exhibit 135: Johnco - Key offerings

• 12.11 Learning Resources Ltd. 
• Exhibit 136: Learning Resources Ltd. - Overview
• Exhibit 137: Learning Resources Ltd. - Product / Service
• Exhibit 138: Learning Resources Ltd. - Key offerings

• 12.12 LEGO System AS
• Exhibit 139: LEGO System AS - Overview
• Exhibit 140: LEGO System AS - Product / Service
• Exhibit 141: LEGO System AS - Key news
• Exhibit 142: LEGO System AS - Key offerings

• 12.13 Mattel Inc.
• Exhibit 143: Mattel Inc. - Overview
• Exhibit 144: Mattel Inc. - Product / Service
• Exhibit 145: Mattel Inc. - Key offerings

• 12.14 Melissa and Doug
• Exhibit 146: Melissa and Doug - Overview
• Exhibit 147: Melissa and Doug - Product / Service
• Exhibit 148: Melissa and Doug - Key offerings

• 12.15 Mindware Inc.
• Exhibit 149: Mindware Inc. - Overview
• Exhibit 150: Mindware Inc. - Product / Service
• Exhibit 151: Mindware Inc. - Key offerings

• 12.16 Pegasus Toykraft Pvt. Ltd. 
• Exhibit 152: Pegasus Toykraft Pvt. Ltd. - Overview
• Exhibit 153: Pegasus Toykraft Pvt. Ltd. - Product / Service
• Exhibit 154: Pegasus Toykraft Pvt. Ltd. - Key offerings

• 12.17 Xinxiang Alpha Manufacturing Ltd. 
• Exhibit 155: Xinxiang Alpha Manufacturing Ltd. - Overview
• Exhibit 156: Xinxiang Alpha Manufacturing Ltd. - Product / Service
• Exhibit 157: Xinxiang Alpha Manufacturing Ltd. - Key offerings

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 158: Inclusions checklist
• Exhibit 159: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 160: Currency conversion rates for US$

• 13.4 Research methodology
• Exhibit 161: Research methodology
• Exhibit 162: Validation techniques employed for market sizing
• Exhibit 163: Information sources

• 13.5 List of abbreviations 
• Exhibit 164: List of abbreviations

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FAQ

What is the projected growth of the drone technology market in education?

The drone technology market in education is projected to grow by USD 499.16 million from 2021 to 2026.

What is the CAGR of the drone technology market in education?

The market is expected to grow at a CAGR of 17.53% during the forecast period.

Which region will drive the growth of the drone technology market in education?

The Asia-Pacific region is expected to account for 39% of the market growth.

What challenges does the drone technology market in education face?

Challenges include safety concerns, regulatory compliance, short battery life, and low payload capacity.

What factors are driving the drone technology market growth in education?

Key drivers include increased emphasis on STEM education, BYOD policy adoption, and government initiatives.