The USA Drone industry is predicted to thrive in the next years at CAGR of ~14% due to its environment friendly characteristics and being ideal alternatives for helicopters, unmanned flights at reduced costs: Ken Research

Rhea-AI Summary

The USA Drone Market is projected to grow at a CAGR of 11.7% from 2021 to 2027, driven by demand in military and commercial sectors. The market is increasingly dominated by hybrid drones, with prices for hardware and services decreasing due to competition. Drones offer cost-effective alternatives to helicopters and can greatly benefit industries like agriculture and logistics by improving operational efficiency and reducing costs. The U.S. military continues to invest heavily in drone technology, with a defense budget of approximately $732 billion in 2019. This trend indicates robust growth opportunities for companies like Ehang Holdings Limited, positioned within this expanding market.

Positive

• Projected CAGR of 11.7% for the USA Drone Market from 2021 to 2027.
• Increasing demand for military and commercial drones boosts market potential.
• Decreasing prices for drone hardware and services enhance market accessibility.
• Drones provide cost-effective alternatives to traditional aircraft in various industries.
• Robust investment in military drone technology indicates a healthy growth outlook.

Negative

• None.

GURUGRAM, India, Feb. 13, 2023 /PRNewswire/ -- USA Drone Market is in the growing stage, the market is majorly consolidated. Domestic and International players coexist in the supply side in the USA Drone Market.

• Prices of drone hardware, software, and services continue to fall as drone companies compete for market share through penetration pricing.
• The share of hybrid drones will increase in the future among both the commercial and the military sector.
• More market players are expected to enter into the drone industry independently or with collaboration to cater rising demand from end users.

Great Substitutes for Helicopters/Workers: Drones are great substitutes for helicopters, workers etc., where they can get more work done in less amount of time and with reduced costs. They can replace expensive surveillance products for the military while also lowering the risk for pilots since they don't have to be on the aircraft. The potential for the use of drones is really high. Drones are very versatile, and can be used easily within many industries. Just like robots, they can replace basic jobs which require human support.

Widespread Opportunities: Major industries such as Agriculture, Construction and law enforcement will be benefitted from the use of drones. Agricultural fields of thousands of acres can utilize drones to observe the crop growth, to assist with fertilization and monitor the fields. Law enforcement can use drones for surveillance and save many police officers lives. Logistics will lead the way for drones in future as significant chunk of logistic/e-Commerce companies will implement drones for last mile deliveries as they can reduce logistics costs significantly.

Environment Friendly: Medium and heavy-duty trucks are usually used to transport goods; these vehicles are expected to be responsible for a quarter of all greenhouse gas emissions in the United States. Drones have been shown to be much more environmentally friendly than traditional delivery vehicles due to their lower carbon footprint.

Government Spending: US is amongst highest military spenders in the market, around 732 USD Bn in 2019, which is around 38% of the world expenditure. In July of 2020, the U.S. government signed a measure to permit the sale of armed U.S. drones that fly under 800 kilometers per hour, to foreign governments that had been restricted from flying. Defense is also increasing the usage of micro drones such as X2-D, Anafi, M440 Ion, Golden Eagle and more that have a price range of USD 7000-21,000. They can be deployed to gain a bird's eye view of the battlefield or to autonomously navigate a building to clear rooms before troops enter.

Analysts at Ken Research in their latest publication "USA Drone Market Outlook to 2027F- Driven by increasing demand of Military drones and commercial drones in End user industries such as Construction, Logistics and more" by Ken Research observed that USA Drone Market is in the growing phase. Enhancing Service Offerings, collaborations with partners, expand pipeline with predictive analysis and getting in front of prospects through AI are some of the factors that will contributed to the USA Drone market growth over the period of 2021-2027F. It is expected that USA Drone Market will grow at a CAGR of 11.7% for the above forecasted period.

Key Segments Covered in the report:-

USA Drone Market By Revenues and Number of drones, 2017-2027

By Type of Drones by Number of Drones, 2022 and 2027

• Hybrid Drones
• Fixed Wing Drones
• Rotary Blade Drones

By Region by Revenue, 2022 and 2027

• West
• South East
• South West
• North East
• Midwest

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By Commercial End Users by Number of Drones, 2022 and 2027

• Construction and Inspection
• Media
• Agriculture
• Oil and Gas
• Others
• Logistics
• Mining

By Weight by Number of Drones, 2022

• 25 kgs-150 kgs and more
• 2 kgs-25 kgs
• <2 kgs

By Mode of Operations by Number of Drones, 2022 and 2027

• Remotely Operated
• Fully Automated
• Semi-Automated

Key Target Audience

• Investors
• Technology and IT Companies
• Government and Institutions
• Aeronautical Companies
• Farming Associations
• Existing Drone Companies
• Venture Capitalist
• New Market Entrants
• Military Agencies

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Time Period Captured in the Report:-

• Historical Period: 2017-2021
• Base Period: 2022
• Forecast Period: 2023-2027F

Companies Covered:-

• Textron
• General atomics
• AeroVironment
• Northop Grumman
• Insitu
• Skydio
• Easy Aerial
• Skydio
• General Atomics
• FLIR
• DJI
• Parrot
• Easyariel

Key Topics Covered in the Report

• USA Drone Market Overview
• Ecosystem of USA Drone Market
• USA Drone Market Evolution and Business Cycle
• USA Drone Business Cycle Genisis
• Islamic Banking and Car Finance in USA
• USA Drone Market by Revenue growth
• USA Drone Market Segmentation
• SWOT Analysis of USA Drone Industry
• Infrastructure Development Overview of USA
• Trends and Developments in USA Drone industry
• Growth Enablers in USA Drone Industry
• Recent Mergers, Acquisitions, Partnerships and Investments in the USA Drone Market Operational Strategies for USA Drone Services Market
• Issues and Challenges in USA Drone Industry
• Government policies affecting the USA Drone Industry
• Government Initiatives for Automotive Industry
• Growth Drivers of USA Drone Market
• USA Drone Market Competition Overview
• Cross Comparison of Major Players in USA Drone Market
• Strengths and Weakness of Major Players in USA Drone market
• Future Outlook and Market Projections, 2027F
• FAA Rules and Regulations for Recreational and Commercial Drone Users in USA
• Growth strategies for USA Drone market

For more insights on the market intelligence, refer to below link:-

USA Drone Market

Related Reports By Ken Research:-

Europe Agricultural Drones Market Outlook and Forecast to 2027 - Driven by Rise in Need for Precision Farming, Increasing Labour Shortage, and Increasing Demand for Global Food Production

Over the next five years, the Agricultural Drones market in the Europe is forecasted to grow at least 20% CAGR, owing to the rise in need for precision agriculture and government efforts to deploy drones/UAVs, notably in the ongoing COVID-19 pandemic.

The increase in demand for 3D imaging technology across a wide range of application domains is driving the demand for sensor, and laser scanners (LiDAR) will help the Agricultural Drones market to grow. In addition, the presence of automation in agriculture and farming has increased, providing lucrative expansion opportunities for drones. Furthermore, unmanned aerial vehicles (UAVs)/drones are heavily embedded with costly navigation and other autonomous systems, which raises the final cost of products and therefore is likely to stifle market growth.

Global Commercial Drones Market Size, Segments, Outlook, and Revenue Forecast 2022-2028 by Type (Fixed Wing, Rotary, and Hybrid), Mode of Operation (Remotely Operated, Semi-Autonomous, and Autonomous), Applications (Mapping & Surveying, Precision Agriculture, Filming & Photography, Inspection & Maintenance,), and Region (North America, Europe, Asia Pacific, and Latin America, Middle East & Africa (LAMEA))

The Global Commercial Drones market is competitive with ~100 players which include globally diversified players, regional players as well as a large number of country-niche players each with their niche tech offerings, such as autonomous or advanced navigation systems, increased range, heavy payload, image stitching, red, green, and blue (RGB) color model, and more.

Country-Niche players constitute about ~45% of the market, while regional players hold a share of ~35%. Some of the major players in the market include AeroVironment Inc., SZ DJI Technology Co., Ltd., Parrot SA, SenseFly (AgEagle Aerial Sys), Insitu Inc., Yuneec International CO. Ltd, Autel Robotics, Delair, Ehang Holdings Limited, Aerialtronics, and among others.

Global Anti-Drone Systems Market Size, Segments, Outlook, and Revenue Forecast 2022-2028 by System (Neutralizing Systems, and Detection Systems), Technology (Electronic Systems, Laser Systems, and Kinetic Systems), End User (Government, Military & Defense, Commercial), and Regions (North America, Asia Pacific, Europe, and Latin America Middle East and Africa (LAMEA))

The Global Anti-Drone Systems market is highly competitive with ~100 players which include globally diversified players, regional players as well as a large number of country-niche players each with their niche tech offerings, such as radio frequency (RF) analyzers, acoustic sensors, optical sensors, radar, GPS Spoofers, high-power microwave (HPM) devices, and more.

Country-Niche players comprise about ~45% of the competitors, while regional players hold a share of ~35%. However most of the regional and country players are either suppliers of components or assembling partners of global players. Some of the major players in the market include Israel Aerospace Industries Ltd., Leonardo S.P.A, Rafael Advanced Defense Systems Ltd., Droneshield Ltd., Liteye Systems, Inc., Dedrone, DeTect Inc.,  MBDA, Battelle Memorial Institute, Saab Ab, Boeing, DroneDefense and among others.

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SOURCE Ken Research

FAQ

What is the projected growth rate of the USA Drone Market?

The USA Drone Market is projected to grow at a CAGR of 11.7% from 2021 to 2027.

How are drones impacting costs in military and commercial sectors?

Drones are offering cost-effective alternatives to helicopters and traditional delivery methods, significantly reducing operational costs.

What industries will benefit from the increased use of drones?

Industries such as agriculture, logistics, and law enforcement are expected to benefit significantly from drone adoption.

What was the U.S. military's budget in 2019 for drone technology?

In 2019, the U.S. military had a budget of approximately $732 billion, highlighting its substantial investment in drone technology.

Which company is positioned within the expanding drone market?

Ehang Holdings Limited is among the key companies positioned within the growing USA Drone Market.