Malaysia Drone Market Size, Share, Opportunities, And Trends By Component (Hardware, Software), By Product Type (Fixed Wing Drone, Rotary Blade Drone, Hybrid Drone), By EU Classified Weight Class (C0, C1, C2, C3, C4, Others), By Application (Commercial Drone (Government, Energy, Military And Defense, Construction, Agriculture, Security And Surveillance, Others), Consumer Drone (Hobby And Gaming, Aerial Photography), And By State - Forecasts From 2024 To 2029

  • Published : Jun 2024
  • Report Code : KSI061616949
  • Pages : 141

The Malaysian drone market is projected to rise at a compound annual growth rate (CAGR) of 21.44% over the forecast period to reach US$7,270.159 million by 2029, increasing from estimated value of US$2,752.224 million in 2024.

The drone market in Malaysia is growing as drones are increasingly gaining attention among the younger generation and are now seen as exciting recreational option to try. People operate drones for various activities, such as getting breathtaking shots and creating videos (aerial photography and cinematography), entertainment purposes and fun, delivery, and many others. Furthermore, there are sectors like agriculture, military, mining, construction, and many others, where drones are utilized in the country for numerous purposes.

Increasing demand for drones in various end-use industries

The Malaysia drone market is constantly growing and stimulating the trend of using drones on a larger scale. Drones are used in a diversified range of commercial applications such as agriculture, aviation, construction, and safety. Each sector requires distinct types of drones to do certain tasks. Thus, the demand for drone production and users is highly increasing in Malaysia, diversifying the drones' functionalities to carry out different types of tasks. This brings about the expansion of the country's drone industry, where the size and complexity of Malaysia's drone technologies are increasing rapidly.

As stated by the World Bank, after the slowdown in Malaysian industries, there has been significant growth in recent years. For instance, the value added by the industries in percentage of GDP increased from 37.72% in 2021 to 39.10% in 2022. This growth is anticipated to majorly impact the drone industry in the region.

The Malaysian government places a high priority on the aerospace and military industries, recognizing their potential for significant expansion. Malaysia, like other ASEAN countries, is involved in territorial conflicts with China and surrounding countries. With the help of drones, the government combats trafficking, piracy, and insurgency operations throughout the region.

Malaysia has a well-established service industry and Marine Security is a vital component of it as its shipping outs and natural resources are carried out by marine transportation. Furthermore, for the establishment of the Malaysian national aerospace sector, the Malaysia Aerospace — Blue Print 2030 has been formulated. The objective of this initiative is to make the country the leading player in the aerospace sector of Southeast Asia. Malaysia has roughly 200 aerospace enterprises, including both native and international industry stakeholders. In Malaysia's aerospace sector, drones are used for aerial surveillance, infrastructure inspection, and equipment maintenance, providing cost-effective solutions. They also contribute to research and development by providing useful data for aerodynamic studies and propulsion system testing.

Another sector that utilizes drones extensively is agriculture. Malaysia's total global agricultural trade in 2022 was $61.3 billion, with $37.4 billion in exports and $23.9 billion in imports. Indonesia, China, and Thailand are Malaysia's top agricultural commodity suppliers, with the United States ranked sixth in 2022. Despite a $13.5 billion agricultural trade surplus, Malaysia continues to rely significantly on imports for critical commodities such as wheat, rice, protein meal, dairy products, cattle, and the bulk of deciduous and citrus fruits.

The commercial segment is expected to grow significantly in the coming years

Drones are used extensively for commercial purposes. They improve efficiency such as inspection and maintenance of congested or hazardous areas by reducing risk. Drones are also used in the military, government, and telecommunication sectors, for mapping and surveying, emergency response and disaster management, medical transportation, and cargo delivery.

Due to its vast use case, the Malaysian government takes initiatives to promote the Malaysian Drone sector. The Malaysian Drone Technology Action Plan (MDTAP30) is an initiative that aims to support the drone ecosystem in Malaysia and emphasize it to an extent of a national agenda.  The government of Malaysia also plans to create 100,000 employment opportunities through the drone industry by contributing RM 50 billion to the GDP by 2030. The government has identified 200 drone technology companies in Malaysia. It had also aimed to train 1000 pilots in the year 2022. Hence, these initiatives are expected to drive the drone market in Malaysia.

Additionally, the Malaysian government extensively uses drones. These are utilized by the National Security Council of Malaysia and the Royal Malaysian Police to control public security by guaranteeing the control of citizen movement. Drones are moreover utilized by the Malaysian government in times of crisis. Drones are exceptionally successful in aerial mapping of populations at times of calamities, such as earthquakes, tsunamis, floods, etc.

Government organizations like Malaysia Digital Economy Corporation (MDEC) lead the drone division within the nation. It has an initiative named 'My Drone Tech' that focuses on the utilization of drones over the complete region of Malaysia by assisting companies in testing modern items, initiating supportive approaches, and advancing tech ability within the nation that can analyze drone-captured information. Amid the flood of 2021, drones were utilized to provide food and medication supplies to victims in each nook and corner of the nation. In 2023, the Malaysian Research Accelerator for Technology and Innovation propelled Area 57. It is a center of greatness set up to advance the utilization of drones in Malaysia.

Malaysia Drone Market Scope:

 

Report Metric Details
Market Size Value in 2024 US$2,752.224 million
Market Size Value in 2029 US$7,270.159 million
Growth Rate CAGR of 21.44% from 2024 to 2029
Study Period 2019 to 2029
Historical Data 2019 to 2022
Base Year 2024
Forecast Period 2024 – 2029
Forecast Unit (Value) USD Million
Segments Covered
  • Component
  • Product Type
  • EU Classified Weight Class
  • Application
  • State
Companies Covered
  • Alphaswift Industries Sdn. Bhd.
  • Aerodyne Group
  • Strat Aero Malaysia Sdn Bhd
  • Braintree Technologies
  • Vortex Edge Sdn Bhd
Regions Covered
Johor
Customization Scope Free report customization with purchase

 

Market Segmentation:

The Malaysia Drone Market is segmented and analyzed as below:

  • By Component
    • Hardware
    • Software
  • By Product Type
    • Fixed Wing Drone
    • Rotary Blade Drone
    • Hybrid Drone
  • By EU Classified Weight Class
    • C0
    • C1
    • C2
    • C3
    • C4
    • Others
  • By Application
    • Commercial Drone
      • Government
      • Energy
      • Military and Defense
      • Construction
      • Agriculture
      • Security and Surveillance
      • Others
    • Consumer Drone
      • Hobby and Gaming
      • Aerial Photography
  • By State
    • Johor

1. INTRODUCTION

1.1. Market Overview

1.2. Market Definition

1.3. Scope Of The Study

1.4. Currency

1.5. Market Segmentation

1.6. Assumptions

1.7. Base, and Forecast Years Timeline

1.8. Key Benefits for the Stakeholders

2. RESEARCH METHODOLOGY

2.1. Research Design

2.2. Secondary Sources

2.3. Validation

3. KEY FINDINGS

4. MARKET DYNAMICS

4.1. Market Drivers

4.1.1. Increasing Demand For Drones In Various End-Use Industries

4.1.2. Government Initiatives And Regulations

4.2. Market Restraints

4.2.1. Privacy Concerns

4.2.2. Airspace Congestion and Safety Risks

4.3. Porter’s Five Forces Analysis

4.3.1. Bargaining Power of Suppliers

4.3.2. Bargaining Power of Buyers

4.3.3. Threat Of New Entrants

4.3.4. Threat Of Substitutes

4.3.5. Competitive Rivalry In The Industry

4.4. Industry Value Chain Analysis

5. MALAYSIA DRONE MARKET BY COMPONENT

5.1. Introduction

5.2. Hardware

5.3. Software

6. MALAYSIA DRONE MARKET BY PRODUCT TYPE

6.1. Introduction

6.2. Fixed Wing Drone

6.3. Rotary Blade Drone

6.4. Hybrid Drone

7. MALAYSIA DRONE MARKET BY EU CLASSIFIED WEIGHT CLASS

7.1. Introduction

7.2. C0

7.3. C1

7.4. C2

7.5. C3

7.6. C4

7.7. Others

8. MALAYSIA DRONE MARKET BY APPLICATION

8.1. Introduction

8.2. Commercial Drone

8.2.1. Government

8.2.2. Energy

8.2.3. Military And Defense

8.2.4. Construction

8.2.5. Agriculture

8.2.6. Security And Surveillance

8.2.7. Others

8.3. Consumer Drone

8.3.1. Hobby And Gaming

8.3.2. Aerial Photography

9. MALAYSIA DRONE MARKET BY STATE

9.1. Introduction

9.2. Johor

10. COMPETITIVE ENVIRONMENT AND ANALYSIS

10.1. Major Players And Strategy Analysis

10.2. Market Share Analysis

10.3. Mergers, Acquisitions, Agreements, And Collaborations

10.4. Competitive Dashboard

11. COMPANY PROFILES

11.1. Alphaswift Industries Sdn. Bhd.

11.2. Aerodyne Group

11.3. Strat Aero Malaysia Sdn Bhd

11.4. Terra Drone Technology Malaysia Sdn. Bhd. (Terra Drone Corp.)

11.5. Braintree Technologies

11.6. Vortex Edge Sdn Bhd

11.7. Meraque Services Sdn Bhd

11.8. Aonic Sdn Bhd

11.9. Dji Sunway Pyramid (Dji)

11.10. Parrot Drone Sas


Alphaswift Industries Sdn. Bhd.

Aerodyne Group

Strat Aero Malaysia Sdn Bhd

Terra Drone Technology Malaysia Sdn. Bhd. (Terra Drone Corp.)

Braintree Technologies

Vortex Edge Sdn Bhd

Meraque Services Sdn Bhd

Aonic Sdn Bhd

Dji Sunway Pyramid (Dji)

Parrot Drone Sas


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