BI Intelligence released a new forecast for the drone market. Unmanned aircraft sales will exceed $12 billion in 2021, with a compound annual growth rate of 7.6% in 2016-2021.
Consumer drones, commercial drones and government drones are the three major categories driving the growth of the drone industry. In 2021, the shipment of consumer drones will reach 29 million, with a compound annual growth rate of 31.3%. At the same time, the company's drone shipments will reach 805,000, with a compound annual growth rate of 51% for five years. Government drones are primarily used for military and public safety. Among them, the military drone market is the most mature. Since 2001, the US military has been using drones and expanding its combat effectiveness.
The consumer drone market, blocked by high-priced labels, is moving toward cheap toy drones to provide entertainment. This has prompted drone manufacturers to compete to reduce costs, especially high-end models that can be aerial and live. The drone market is expanding, with new models for different sectors such as consumer and commercial markets often overlapping. Previously, China's Dajiang had a 70% share of the consumer and commercial drone market, and the Mirage series was the most popular due to its reliability and excellent shooting capabilities.
However, small companies such as 3D Robotics, Lilu, Yuneec and Parrot are competing with Dajiang.
As for the military drone market, Israel and the United States account for more than 80% of the market. Most of these drones are used to monitor and perform combat missions. In the next few years, military drones will grow rapidly. Although consumer and military drones are currently sought after, corporate drones are a market with great potential and will be the fastest growing branch of revenue.
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