AI In The Drone Market Size, Share, Opportunities, And Trends By Technology Type (Software, AI-pilot, Others), By Offerings (Hardware, Software), By End-User (Defence, Logistics And Delivery, Agriculture And Precision Farming, Disaster Management And Search & Rescue, Environmental Monitoring, Others), And By Geography - Forecasts From 2024 To 2029

The Artificial Intelligence in drone market is projected to show steady growth during the forecast period. AI and drones are a formidable combo that has the potential to transform a variety of industries. When coupled, they build intelligent and autonomous airborne systems capable of completing complicated tasks in a variety of conditions. Because of this, the combination of artificial intelligence and drone technology offers new aerial technological developments for various industries, including agriculture, construction, energy, and security, as well as a solution to many aerial imagery demands. Market drivers such as growing technological advancement in drones, growing need for automation and efficiency coupled with increased adoption of drones in the industrial sector boost AI in the drone market growth.

Market Drivers:

• Increased technological advancement in drones anticipates the AI drone market growth.

Significant technological developments in several important areas are driving the development of drones powered by artificial intelligence. Developments in machine learning and computer vision are providing AI systems with greater skills in object detection, path planning, and even obstacle avoidance. Drones equipped with advanced sensors and cameras can detect and monitor potential threats in real-time, providing critical information to military and security personnel. Advanced computer vision and machine learning algorithms are used for real-time object detection. Autel Robotics EVO II Pro 6K A payload compartment enables users to mount more sensors, such as LiDAR cameras that would enable a drone to produce incredibly accurate 3D point clouds that enable it to create a comprehensive digital map of its environment.

• The growing need for automation in logistics propels AI in the drone market.

Industries these days need effective and automated ways to handle logistics jobs. Drones and AI together present an attractive alternative for companies looking to increase productivity and accuracy as they save labor expenses and increase productivity by automating operations that were previously done by hand. By the end of 2024, Prime Air plans to expand internationally into Italy and the UK, in addition to starting drone deliveries in the United States. Similarly, in October 2023, Amazon Pharmacy launched drone delivery of pharmaceuticals. Eligible consumers in College Station, Texas, can now have their drugs delivered to their homes via drone within 60 minutes of placing their purchase with Amazon Pharmacy.

• Booming drone adoption in the sector boosts AI in the drone market growth.

Drones driven by AI are taking over major sectors such as agriculture, serving as industrious field workers. They minimize human effort while monitoring crop health, accurately locating pests, and applying irrigation to maximize production and optimize resource use. The movement known as "precision agriculture" is revolutionizing the way of raising food. According to the January 2022 Press Release Bureau, the government is extending financial support under the "Sub-Mission on Agriculture Mechanization" to encourage the use of drones in agriculture. The Agriculture Ministry will give agricultural institutions grants of up to Rs. 10 lakhs so the farmers can buy drones. When it comes to drone demonstrations on farmer fields Farmer's Producers Organizations (FPOs) can receive funds for up to 75% of the total cost of the drone. The initiatives and factors supporting agriculture enhance the drone market.

Asia Pacific is projected to grow concurrently.

The market is anticipated to increase as a result of the recent modifications made to drone investment in several nations throughout the area. According to the International Trade Administration, Japan allocated 6.8 trillion yens (about $480 billion) for defence in Fiscal Year ("JFY") 2023, making it the third-highest defence budget in Asia and the ninth-largest in the world overall. According to the Defence Programs and Budget with respective 2023 unmanned defence capabilities, Japan invested over $182.7 billion. According to the Ministry of Finance & Budget Division, for 2024-2025, the Ministry allocated ?6,21,540.85 crore (about USD 75 billion) to the Defence Ministry, which reflected a 4.7% increase over the previous year's budget.

Market Restraints:

• Technical limitations and environmental fluctuations for AI drones hinder the market growth:

Battery life and range where the drones have limited flight duration and range, making them ineffective for long-distance or large-scale operations. Unfavorable atmospheric conditions, such as intense rain or wind, can severely affect drone performance and reduce their operating window.

• The high initial expense and integration challenges lack the sales of the drone market.

AI-powered drones can be expensive to acquire, deploy, and operate, especially for smaller companies or organizations. Drones with AI capabilities may need to be integrated with current workflows and infrastructure, which may involve large financial outlays and specialized skills.

Key Developments:

• January 2024: Nearthlab, a prominent developer of autonomous drone technologies, made a big stir through the launch of its “AIDrone”, which represents the merging of AI with drone technology.
• October 2023: Maris-Tech launched “Jupiter Drones”, an Ultra-Compact AI-powered video analytics product for the autonomous aerial vehicle market. A wide range of professional civilian, homeland security, and defence applications are suitable for Jupiter Drones.
• February 2023: The Aerial Operations Unit of VAR Studios announced that the Skydio 2+ had been acquired. One of the top American drone manufacturers, Skydio 2+, is well-known for producing AI-powered autonomous drones.

Segmentation

• By Technology Type
  • Software
  • AI-pilot
  • Others
• By Offerings
  • Hardware
  • Software
• By End-User
  • Defence
  • Logistics and Delivery
  • Agriculture and Precision Farming
  • Disaster Management and Search & Rescue
  • Environmental Monitoring
  • Others
• By Geography
  • North America
    • US
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • Germany
    • France
    • UK
    • Spain
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Israel
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Indonesia
    • Taiwan
    • Others