Drones Market Size And Forecast 2017-2037 (United States)

Published 17 May 2018 by Malavika Tohani
Drones Operational Risk Market Size & Forecast

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Executive Summary

This report helps suppliers of drone equipment, software and services as well as investors to better understand and assess the market opportunity for commercial, industrial and civil government drones in the US market for a 20-year period from 2017 to 2037. Our market analysis is based on disclosed vendor revenues, estimated revenues based on employee numbers and insights into current penetration rates. The market model is based on segments defined by eleven usage scenarios as opposed to industries. For the growth forecast, Verdantix applied logistic growth and bi-logistic growth curve algorithms, which are based on research of the typical patterns of the adoption of innovations by a specific population. The forecast finds that US is the largest market for commercial, industrial and civil government drones and revenues will grow from $455 million in 2017 to $6.1 billion in 2037 representing a CAGR of 14%.

Table of contents

US Drones Market Size and Forecast 2017-2037
Market Size Data Reflects Scale Of Drone Software, Services and Equipment Vendors
Analysis Of Drone Market Segments Is Focused On Eleven Usage Scenarios
The Growth Forecast For Drones Usage Is Based On Technology Adoption Algorithms
US Spending On Drones For Commercial, Industrial & Civil Government Reached $455 Million in 2017
The US CICG Drone Market Will Increase At A 14% Growth Rate To Reach $6.1 Billion In 2037
Market Evolution Will Reflect Total Addressable Market Opportunity For Each Usage Scenario
Spending On Software Will Account For 50% Of The Drones Market In 2037

Table of figures

Figure 1. $455 Million US Drones Market Split By Usage Scenario In 2017
Figure 2. US Drones Market Split By Category In 2017
Figure 3. US Drones Market Spend Forecast 2017-2037
Figure 4. US Drones Market Spend Forecast By Usage Scenario 2017-2037
Figure 5. US Drones Market Spend Forecast By Category 2017-2037

Organisations mentioned

3D Robotics, Action Drone, Aerial Focus, Aerial MOB, Agribotix, AirMap, Airware, Altavian, American Electric Power, AT&T, Autel Robotics, Avitas Systems, Blue Innovation, C4D Intel, Chevron, Cyberhawk, DJI, DroneDeploy, EHang, Esri, Farmers Insurance, Federal Aviation Administration, Flyability, Identified Technologies, GE Ventures, Insitu, Iris Automation, Jacobs Engineering, Kespry, Kittyhawk, Los Angeles Fire Department, MEASURE, Nearview, NVIDIA, Optelos, Parrot, Pelican Drones, PrecisionHawk, PwC, senseFly, Skydio, Sky-Futures, Trimble, US Coast Guard, US National Oceanic and Atmospheric Administration, Verizon, Vortex Aerial, Yuneec

About the author

Malavika Tohani

Principal Analyst

Malavika is a Principal Analyst at Verdantix and her work to date has focussed on understanding the innovative EHS technologies landscape and the global EHS software market. Going forward, Malavika’s research will focus on covering operational risk technologies, best practices and growth strategies. She has over 10 years’ experience in research and strategy consulting. Having previously worked at Frost & Sullivan, Malavika has managed and delivered advisory projects for clients involving expansion, acquisition, benchmarking and product development strategies. Malavika holds a MSc in Economics from Madras School of Economics.

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