By 2030, the combined drone market is projected to reach US$54.6 billion, driven by a steady Compound Annual Growth Rate (CAGR) of 7.1%.

The commercial drone market is categorized into three segments: hardware, software, and services.

Hardware includes drone platforms, components, and systems manufacturing.

Software encompasses flight planning, navigation, data analytics, and fleet management solutions.

Services, however, dominate the market, contributing 80% of the activity in 2023. While services hold the spotlight, the hardware segment is projected to grow remarkably at a CAGR of 9.3%.

Asia, led by China, remains a major market for commercial drones. The Middle East & Africa region is also growing remarkably, with a projected 15.4% CAGR.

You can find the Global Drone Market Report 2023-2030 by Drone Industry Insights HERE

Source: Commercial UAV News