Leave Your Message
The current market situation of drones

News

The current market situation of drones

2024-10-28

According to relevant data, the scale of China's drone market has been expanding year by year. According to Frost&Sullivan data, the size of China's industrial drone market is expected to reach 320.8 billion yuan by 2024. The drone industry chain is very complete, including areas such as drone research and development, production, sales, training, and maintenance. The upstream process mainly includes the research and production of key components such as drone hosts, engines, sensors, etc; The midstream stage is the manufacturing of complete unmanned aerial vehicles; The downstream links provide drone application services, including aerial photography, surveying, inspection, logistics, tourism, agricultural crop protection, etc.

(1) Military market

In recent years, with the development of information warfare, the demand for new equipment such as drones has significantly increased. In addition, with the continuous outbreak of security issues and territorial disputes, equipping drones has become an effective means to enhance one's national defense strength at a lower cost, leading to a continuous expansion of global demand for military drones.

(2) Global military drone market

According to a report by Tiel Group, the global military drone market will continue to grow from 2023 to 2032, with a market size of 16.4 billion US dollars and a compound annual growth rate of 3.44% by 2032; In terms of research and development expenses, it is expected that the global military drone research and development expenses will increase from 6.4 billion US dollars in 2023 to 7.8 billion US dollars in 2032, with a compound annual growth rate of 2.25%.

 

  1. Market share of military trade

According to SIPRI data from the Stockholm International Peace Research Institute, currently only Israel, the United States, and China have a complete drone industry chain worldwide.

  1. Global drone market growth ranking

According to Drone Industry Insights data, the top three regions for global drone market growth in 2024 are Europe, the Middle East, and Asia, with growth rates of 25%, 20%, and 15%, respectively. The global market of UAV continues to maintain high prosperity.

 

 

(3) Civilian market

The civilian market applications are gradually being explored, and the demand for industrial grade drones is strong. The application scenarios of civilian drones are gradually being explored, and the industrial drone market is expected to grow rapidly. With the gradual maturity of technology and the support of government policies, the downstream application areas of civilian drones are gradually opening up. At present, the main application scenarios of industrial grade drones include agricultural crop protection, power inspection, aerial surveying and mapping, police security, environmental monitoring, railway construction, disaster rescue, etc. By combining with technologies such as big data and cloud computing, industrial drones have moved from "vertical progress" to "horizontal progress".

 

According to data from the China Business Intelligence Network, the most widely used field of industrial drones in China in 2024 is geographic surveying, accounting for 29%, followed by agricultural and forestry crop protection, patrol and inspection, and other fields. China has a vast land area, and as a major agricultural country, with the improvement of urbanization, the demand for industrial drones is gradually increasing. In addition, China is vigorously developing smart cities, and industrial drones are expected to improve urban management levels with their platform based, unmanned, and intelligent characteristics.

 

At the same time, China's civilian drone enterprises have achieved cluster development in the Pearl River Delta, Yangtze River Delta, Beijing Tianjin Hebei, Chengdu Chongqing and other regions, demonstrating strong development momentum and enormous industrial vitality. A group of civilian drone companies such as DJI Innovation, Guangdong Jifei, and Aerobot have entered the forefront of the international market in terms of innovation and profitability.