The global AI in Drones market is expected to reach US$ 84 billion by 2030, with an annual growth rate of more than 28.5%.
Wilmington, Delaware, Oct. 18, 2023 (GLOBE NEWSWIRE) — According to RationalStat’s recent industry analysis, the Global AI in Drones Market value is estimated at US$ 14.5 billion in 2023 and is expected to rise at a strong CAGR of over 28.5% over the forecast period of 2023-2030.
Market Definition, Market Scope, and Report Overview
AI in drones refers to the incorporation of advanced algorithms and machine-learning techniques into drone systems. These technologies enable drones to perform autonomous flight, obstacle detection and avoidance, object recognition, intelligent navigation, and even decision-making.
The desire for AI-powered drones has fueled substantial R&D efforts in both the public and business sectors. This ongoing innovation results in the development of more advanced and efficient drone systems, which drives market growth even further.
- According to a deep-dive market assessment by RationalStat, the global AI in Drones market has been analyzed on the basis of market segments, including type, type of AI, application and geography/regions (including North America, Latin America, Western Europe, Eastern Europe, Middle East & Africa, and Asia Pacific). The report also offers global and regional market sizing for the historical period of 2019-2022 and the forecast period of 2023-2030.
- Market intelligence for the global AI in Drones market covers market sizes on the basis of market value (US$/EUR Million) and volume (Units) by various products/services/equipment, demand assessment across the key regions, customer sentiments, price points, cost structures, margin analysis across the value chain, financial assessments, historical and forecast data, key developments across the industry, import-export data, trade overview, components market by leading companies, etc.
- In addition, the long-term sector and products/services 10-year outlook and its implications on the global AI in Drones market. It also includes the industry’s current state – Production Levels, Capacity Utilization, Tech quotient, etc. Key information will be manufacturing capacity by country, installed base, import volumes, market size, key players, market size, dynamics, market data, insights, etc.
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Global AI in Drones Market: Segmental and Market Share Analysis
- Based on type of AI, Machine learning segment is anticipated to dominate the market. Drones may be trained to do a number of tasks using machine learning techniques, such as object detection, tracking, and classification.
- Based on region, the Asia Pacific area is home to some of the world’s largest and fastest-growing AI in Drones markets. The increasing need for AI-powered drones for surveillance and monitoring is driving the growth of the AI in Drones market in the Asia Pacific region.
Report Synopsis
| Report Metrics | Details |
| Base Year | 2023 |
| Forecast Period | 2023-2030 |
| Base Year Market Size | US$ 14.5 billion |
| Market Size Forecast | US$ 84 billion |
| Growth Rate | 28.5% |
| Dominant Segment | Machine Learning |
| Dominant Region | Asia Pacific |
| Key Market Drivers |
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| Companies Profiled |
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Competition Analysis and Market Structure
Some leading players adopt various strategies in order to reinforce their market share and gain a competitive edge over other competitors in the market. Mergers & acquisitions, partnerships and collaborations, and product launches are some of the strategies followed by industry players.
Some of the prominent players and suppliers operating and contributing significantly to the global AI in Drones market growth include 3D Robotics, Inc., Animusoft Corp., Applanix Corp., BetterView Marketplace, Inc., Botlink LLC, Citadel Defense Co., DRONE Aviation Corp., DroneBase, Inc., DroneCast Inc., and Firmatek LLC, among others.
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RationalStat has segmented the global AI in Drones market based on type, type of AI, application and region
- Global AI in Drones Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Type
- Fixed Wing Drones
- Rotary Blade Drones
- Hybrid Drones
- Global AI in Drones Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Type of AI
- Machine Learning
- Deep Learning
- Computer Vision
- Natural Language Processing
- Global AI in Drones Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Application
- Precision Agriculture
- Military and Defense
- Media and Entertainment
- Surveillance and Monitoring
- Inspection and Maintenance
- Delivery and Logistics
- Mapping and Surveying
- Search and Rescue
- Others
- Global AI in Drones Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Region
- North America AI in Drones Market
- US
- Canada
- Latin America AI in Drones Market
- Brazil
- Mexico
- Rest of Latin America
- Western Europe AI in Drones Market
- Germany
- UK
- France
- Spain
- Italy
- Benelux
- Nordic
- Rest of Western Europe
- Eastern Europe AI in Drones Market
- Russia
- Poland
- Hungary
- Other CIS Countries
- Rest of Eastern Europe
- Asia Pacific AI in Drones Market
- China
- Japan
- India
- South Korea
- Australia
- ASEAN
- Indonesia
- Thailand
- Philippines
- Vietnam
- Malaysia
- Rest of ASEAN
- Rest of Asia Pacific
- Middle East & Africa AI in Drones Market
- GCC
- Saudi Arabia (KSA)
- United Arab Emirates (UAE)
- Rest of the GCC
- South Africa
- Nigeria
- Turkey
- Rest of the Middle East & Africa
- GCC
- North America AI in Drones Market
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Key Questions Answered in the AI in Drones Report:
- What will be the market value of the global AI in Drones market by 2030?
- What is the market size of the global AI in Drones market?
- What are the market drivers of the global AI in Drones market?
- What are the key trends in the global AI in Drones market?
- Which is the leading region in the global AI in Drones market?
- What are the major companies operating in the global AI in Drones market?
- What are the market shares by key segments in the global AI in Drones market?
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Research Methodology
RationalStat has developed a state-of-the-art research methodology to crunch numbers and provide the best possible real-time insights to clients. We combine a varied range of industry experience, data analytics, and experts’ viewpoint to create a research methodology for market sizing and forecasting.
RationalStat combines a mix of secondary sources as well as primary research to assess the market size and develop a forecast. Key steps involved in accurately deriving the market numbers are:
- Defining the problem by understanding the type of market and data required by the client.
- Data gathering and collection through relevant paid databases, publicly available sources, company reports, annual reports, surveys, and interviews.
- Formulating a hypothesis to create market numbers, forecasts, influencing factors, and their relevance.
- Evaluating and analyzing the data by referring to data sources utilized and leveraged.
- Validating, interpreting, and finalizing the data by combining the details gathered from primary and secondary sources with the help of experienced analysts.
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