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Drones: The Game-Changer in Global Market Dynamics

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“Drone technology refers to flying machines that operate without a pilot on board. They can take pictures, deliver packages, monitor crops, and perform various tasks. Drones are useful for saving time and reaching difficult places, but there are rules to ensure they are used safely.”

BOSTON, Nov. 1, 2024 /PRNewswire/ — “According to the latest study from BCC Research, Drone Technology and Global Markets was valued at $30.4 billion in 2023. The market is projected to grow from $33.9 billion in 2024 to $61.2 billion by the end of 2029, at a compound annual growth rate (CAGR) of 12.6% from 2024 through 2029.”

This report looks at drone technology, covering the three types of drones: fixed-wing, rotary-blade, and hybrid models. It categorizes drones into unmanned aerial vehicles (UAVs), unmanned underwater vehicles (UUVs), unmanned ground vehicles (UGVs) and unmanned surface vehicles (USVs).

It also explores how drones are used in defense, business, government, and personal settings. The report analyzes the market by region, including North America, Europe, Asia-Pacific, Latin America and the Middle East.

Additionally, it examines the drivers of the drone market, focusing on current trends. Finally, the report profiles leading companies in the drone industry. The study uses 2023 as the base year for data and includes forecasts for 2024 to 2029.

Interesting and surprising facts:

Three Ways Drones Are Changing the World

Drone Racing: The New Thrill Sport
Drone racing is becoming increasingly popular. Pilots wear special goggles to fly drones at speeds over 100 mph through obstacle courses, usually indoors. This thrilling sport has gained global attention, with professional leagues and players vying for big cash prizes.Uncovering Ancient Secrets with Drones
Archaeologists are using drones to find and explore ancient sites. Equipped with special sensors, drones can detect hidden structures beneath vegetation or soil. This technology has led to discoveries of unknown historical sites and revolutionized archaeological surveys.Drone Teams: Working Together
Technology inspired by nature enables drones to work together, like birds or insects, to complete tasks. These “drone swarms” can help with search-and-rescue missions, and can also monitor the environment. This innovative technology is changing the way drones are used.

To further explore the subject matter and to attain a deeper understanding of the market’s dynamics and growth opportunities, click here.

Factors contributing to the growth of the drone market include:

Technological advances in drone technology.: Technological advances are making drones faster, smarter and more capable. These improvements include better cameras for clearer images, advanced sensors for detecting obstacles, longer battery life for extended flying time, and software that allows drones to fly autonomously or follow specific paths. These advancements extend the ways in which drones can be used in delivery, agriculture and surveillance.Increasing cost efficiency.: Using drones can reduce the amount of labor and time needed for tasks like surveying land or delivering packages. This helps businesses spend less while improving their services.Proliferation of 5G technology and cloud computing.: Faster internet (5G) and online storage and services (cloud computing) are becoming widely available. This allows enables drones, to connect and share data quickly and easily. It improves communication, enhances real-time processing, and enables more advanced applications for technology in everyday life.Enhanced public perception and awareness.: More people are becoming informed about drones and their uses. As people learn about the benefits of drones including delivering packages, monitoring crops, and helping in emergencies—they are more likely to view them positively and accept their use in everyday life.Strategic investments and partnerships.: Companies are increasingly working together and investing money to achieve shared goals. For example, a tech company might partner with a drone manufacturer to develop new technology. These collaborations help businesses grow, innovate, and access new markets more effectively.

 

Request a Sample Copy of the Drone Technology and Global Markets

Report Synopsis

Report Metrics

Details

Base year considered

2023

Forecast period

2024-2029

Base year market size

$30.4 Billion

Market size forecast

$61.2 Billion

Growth rate

CAGR of 12.6% from 2024 to 2029

Segments covered

By offering, product segment, Drone Type, Application,
and Region

Regions covered

North America, Europe, Asia-Pacific, and Rest of the
World, which consists of the Middle East and Africa, and
Latin America

Countries covered

U.S., Canada, Germany, France, Italy, U.K., China, Taiwan,
South Korea, and India

Key market drivers

•  Technological advances in drone technology

•  Increasing cost efficiency

•  Proliferation of 5G technology and cloud computing

•  Enhanced public perception and awareness

•  Strategic investments and partnerships

 

This report answers the following questions:

What is the projected market size and growth rate of the market?
The market is projected to reach $61.2 billion by 2029, growing at a CAGR of 12.6%.What segments are covered in the market?
The drone market is segmented by:
Offering.
Product.
Type of drone.
Application.
Region.Which type of drone will dominate the market by the end of 2029?
Unmanned aerial vehicles (UAVs) are expected to dominate the market by the end of 2029.

Some of the Key Market Players Are:

AEROVIRONMENT INC.AIRBUSBOEINGDELAIRDJIDRAGANFLY INNOVATIONS INC.DRONE DESTINATION LTD.DRONE HARMONY AGDRONEVOLTEHANGFREEFLY SYSTEMSHUBSANIDEAFORGE TECHNOLOGY LTD.INSITUINSIDEFPV VENTURES PVT. LTD.KESPRYMMCPARROT DRONE SASPOWERVISION INC.SKYDIO INC.YUNEEC

Other related reports

Robotics: Technologies and Global Markets: This study of robotic systems explores how they are used around the world in manufacturing, healthcare and entertainment. The market looks at trends, demand, and how much money is being spent on robots, highlighting their growing importance in everyday life.

Delivery Drones: Global Markets and Technologies: This report focuses on drones designed for delivering packages. It examines how these drones work, the technology behind them, and their increasing use in many countries. The market analysis shows how much people and businesses are investing in delivery drones and explores their potential to change how we receive goods in the future.

Directly Purchase a copy of the report from BCC Research.

For further information on the subject matter or to purchase the report, please contact info@bccresearch.com.

About BCC Research
BCC Research market research reports provide objective, unbiased measurement and assessment of market opportunities and help readers make informed business decisions, free of noise and hype.

Contact Us
Corporate HQ: 50 Milk St. Ste 16, Boston, MA 02109, USA

Email: info@bccresearch.com,

Phone: +1 781-489-7301

For media inquiries, email press@bccresearch.com or visit our media page for access to our market research library.
Any data and analysis extracted from this press release must be accompanied by a statement identifying BCC Research LLC as the source and publisher.

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Analytic Partners Recognized as a Leader in Inaugural Gartner® Magic Quadrant™ for Marketing Mix Modeling Solutions

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Analytic Partners Placed Highest for Ability to Execute and Furthest for Completeness of Vision 

MIAMI, Nov. 26, 2024 /PRNewswire/ — Analytic Partners, the Commercial Intelligence company for insights-driven brands, announced it has been recognized as a Leader in the inaugural Gartner® Magic Quadrant™ for Marketing Mix Modeling (MMM) Solutions. Analytic Partners is positioned highest in Ability to Execute and furthest in Completeness of Vision.

“We believe our position as a Leader underscores our dedication to our customers and our ongoing commitment to innovation,” said Nancy Smith, President and CEO of Analytic Partners. “We appreciate the extensive research Gartner has done in guiding our industry forward. This recognition, we feel, highlights the critical role Commercial Analytics plays in delivering forward-looking decisioning for lasting, meaningful growth.”   

Elevating Insights Beyond MMM and MTA 

Analytic Partners’ longstanding commitment to deliver insights and solutions extends well beyond Multi-Touch Attribution (MTA) and MMM. Analytic Partners’ Commercial Analytics solution integrates all factors driving performance outcomes – including finance, supply chain and other enterprise functions. This holistic, company-wide approach provides a forward-looking decisioning framework that brands rely on to measure both short-term and long-term impact, ensuring sustained growth.

GPS Enterprise: A Powerful Platform for Enabling Growth  

Powered by the GPS Enterprise platform, Commercial Analytics combines data science and technology to deliver actionable insights that enable brands to make proactive, forward-looking commercial decisions. This end-to-end platform, informed by ROI Genome intelligence, ensures streamlined data management, application of advanced analytics and multi-objective optimizations to help brands meet their growth goals.

Recognition extends to Gartner Critical Capabilities Report for MMM Solutions 
The recognition also extends beyond the Magic Quadrant™. In the accompanying Critical Capabilities report for MMM Solutions, Analytic Partners received the highest scores across all 8 Use Cases, including: 

Highest score in Complex Marketing AnalyticsHighest score in Business Scenario PlanningHighest score in Data ManagementHighest score in Media Optimization 

Magic Quadrant reports are a culmination of rigorous, fact-based research in specific markets, providing a wide-angle view of the relative positions of the providers in markets where growth is high, and provider differentiation is distinct. Providers are positioned into four quadrants: Leaders, Challengers, Visionaries and Niche Players. The research enables businesses to get the most from market analysis in alignment with your unique business and technology needs.

To read the full Magic Quadrant™ report, access a complimentary copy here.  

Gartner, Magic Quadrant for Marketing Mix Modeling Solutions, Matt Wakeman, David Walters, Joseph Enever, Weicong Zhao, November 19, 2024

GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally, Magic Quadrant is a registered trademark of Gartner, Inc. and/or its affiliates and is used herein with permission. All rights reserved.

Gartner does not endorse any vendor, product or service depicted in its research publications and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s Research & Advisory organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

About Analytic Partners  

Analytic Partners is the leader in Commercial Analytics, providing adaptive solutions for deeper business understanding, right-time planning and optimization for marketing and beyond. We turn data into expertise so our customers can create powerful connections with their customers and achieve commercial success. For more information, visit analyticpartners.com.

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SOURCE Analytic Partners

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Times Higher Education’s Inaugural ‘Interdisciplinary Science Rankings 2025’: KIIT Ranked 4th Best in India, 92nd in the World

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BHUBANESHWAR, India, Nov. 26, 2024 /PRNewswire/ — KIIT-DU (https://kiit.ac.in/) has secured an impressive 4th position in India in the inaugural Times Higher Education (THE) Interdisciplinary Science Rankings 2025, which recognizes universities excelling in interdisciplinary scientific research. Notably, only four Indian universities—both private and public—feature among the top 100 universities globally, and KIIT is one of them, ranking 92nd worldwide.

India has a strong representation in the rankings released recently, with 65 universities featuring in it, including seven in the top 100. Notably, Anna University leads among Indian institutions and has secured the 41st position globally.

This recognition underscores KIIT University’s commitment to fostering interdisciplinary research and innovation. Among Indian institutions, KIIT stands as one of the top performers, contributing significantly to the nation’s presence in the global interdisciplinary science landscape.

Dr. Achyuta Samanta, Founder, KIIT & KISS, lauded the historic achievement and said: “KIIT’s position among interdisciplinary scientific research universities reflects its enormous contribution towards research and development over the decades.” Despite being just a 27-year-old institute and a 21-year-old deemed to be university, KIIT has achieved this milestone through the dedicated efforts of its researchers and staff, who have made this possible through their quality research, innovation, and publications. He congratulated the faculty fraternity of KIIT-DU, staff members and the students for the unique achievement.

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SOURCE KIIT

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Harbour City Shopping Mall Launches Hong Kong’s Iconic Outdoor Lighting Display, Tatsuya Tanaka’s Miniature Art Exhibition and Peko’s Candy House this Christmas

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HONG KONG, Nov. 26, 2024 /PRNewswire/ — Harbour City, the largest shopping mall in Hong Kong, has been one of the must-visit destinations during the Christmas season with the impressive scale of festive displays, attracting thousands of tourists and locals to embrace the holiday spirit. This Christmas, Harbour City continues to captivate visitors with two stunning displays: “The Big Little Christmas”, in collaboration with renowned Japanese miniature photographer and Mitate artist Tatsuya Tanaka for his first Christmas-themed art project; and “A Milky Christmas”, a delightful display designed for kids and families featuring the beloved Japanese character Peko, running until 1 January 2025. 

 

 

 

 “The Big Little Christmas” — MINIATURE LIFE by Tatsuya Tanaka x Harbour City

Harbour City collaborates with Tatsuya Tanaka to celebrate Christmas with a large-scale outdoor display and an art exhibition. The display features a 28-meter-long Santa Claus work desk at the Ocean Terminal Forecourt, where five of Tanaka’s festive miniature scenes are brought to life on a grand scale, including a striking 5-meter-high cabin made from stacked books, and a towering 10-meter Christmas tree adorned with a Santa hat. The “Countdown to Mini-mas” Art Exhibition unveils Tanaka’s 25 Christmas artworks, allowing everyone to experience his work up close.

To enhance the celebration, Harbour City invited rising Japanese star Kōki to attend the lighting ceremony, joining Tanaka as officiating guests. Magnificent pyrotechnic displays enchanted audiences with their stunning visual spectacle.

“A Milky Christmas” — Peko & Poko x Harbour City

In addition to the artsy Christmas display, Harbour City surprises everyone with a collaboration featuring the popular character FUJIYA Peko & Poko from Japan, bringing the sweet holiday event “A Milky Christmas”. A giant milk-box-shaped candy house is set with the two adorable characters. Fans can also visit the first FUJIYA Peko Pop-Up Store selling nearly 200 exclusive merchandise, adding a sweet surprise to this holiday!

#harbourcity #hcxmas #hcart @harbourcity

Customer Enquiry: (852) 2118 8666   |   Website: www.harbourcity.com.hk

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SOURCE Harbour City Estates Limited

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