Key Highlights

• $1.2 billion was invested into the drone industry in 2019
• In 2019 $830 million VC funds invested, up from $679 million in 2018
• Increasing # of drone companies venture into partnerships with non-drone companies to offer new and unique solutions
• $4.443 billion has been invested into the drone market over the last 11 years.
• According to the Drone Market Report 2019 the global drone market will grow from $14 billion in 2018 to over $43 billion in 2024 at a CAGR of 20.5%.
• Inspection continues to be the leading application method of drones, but the greatest growth is expected in drone deliveries.
• # of functional drones expected to grow from 12.2 million in 2019 to over 18.1 million in 2025,

• The energy sector was the largest industry in 2018 and will continue to be so in 2024.
• Transportation & Warehousing industry will continue to be the fastest growing.
• Agriculture and construction currently follow energy as the top industries in the drone market
• The US and China currently dominate the commercial drone market – together their revenue makes up over 2/3 of the global drone market.
• China, Japan and especially India, Asia will majorly pull ahead already by the end of 2019
• By 2021, the commercial drone industry will have sold 1,000,000 units.

With the advent of 5G network, a better and more reliable connectivity of the Pilot to the Drones would help each regulatory framework for enhancing usage of Drones commercially.