Estimated Global Drone Market Value

Estimated Global Drone Market Value

Proof Point

Global drone market value forecasted by Goldman Sachs to reach $100 billion for five-year period between 2016 and 2020, led by government sector

Estimated Global Drone Market Value

2016E – 2020E (US$ billion)

Proof Point Findings

  • Increasing Military Fleet – Government sector to have biggest drone market share between 2016 and 2020, with $70 billion, due to demand for safer, cheaper and more capable alternative to manned military aircraft
  • Consumer Growth – Forecasted to follow with $17 billion market value, driven by increase in number hobbyists
  • Developing Opportunity – Commercial drone market to grow rapidly between 2016 and 2020, reaching $13 billion, as businesses and civil government explore potential business opportunities
  • Key Growth Drivers – Include rapidly increasing advancements in drone technology, easing regulatory frameworks for drone usage, and proliferation of public and private applications enabled by drone technology



Cross-sector, Military and Security


Date Last Updated

March 14, 2018

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