Security And Surveillance Drone Market Size, Share, Opportunities, And Trends By Type (Fixed Wings, Single Rotor, Multi-Rotor), By Application (Patrolling, Firefighting, Explosive Detection & Removal, Industrial Security (Nuclear Powerplant, Ports, Etc.), Others), And By Geography - Forecasts From 2023 To 2028

The security and surveillance drone market is expected to grow at a rapid pace during the forecast period.

The market growth is attributed to an increase in the number of end-user applications in addition to the rising market competitiveness. Additionally, the growing number of new wind turbine installations in North America and Europe is expected to drive market expansion over the forecast period. Furthermore, favourable rules and regulations for safety and security drones are projected to drive demand for safety and security drones globally. For example, the International Organization for Standardization (ISO) published the world's first authorized drone standards in December 2019. The release of these worldwide safety and quality drone standards is likely to have a favourable influence on market growth throughout the forecast period.

The emergence of end-user applications will surge the market

The increasing end-user applications by diverse industries have led companies to launch innovative products which have significantly transformed the market to develop for the upcoming years. For instance, in March 2022, Asteria Aerospace, a drone manufacturer and solutions supplier in India, launched its drone management platform SkyDeck through Jio Platforms. SkyDeck is a cloud-based software platform that provides a Drone-as-a-Service (DaaS) solution for multiple industry verticals such as agriculture, surveying, manufacturing inspections, and surveillance and security. SkyDeck offers a single dashboard and services for managing drone fleets, organizing and executing drone flights, data processing, visualization, and AI-based analysis of aerial data gathered by drones. The platform promotes operational transparency, increases communication amongst stakeholders, and enables secure and centralized administration for growing drone programs across many applications, according to the announcement. Furthermore, in November 2020, Stealth Technologies made a deal to partner with Planck AeroSystems, a premier US-based Autonomous Drone technology company. The companies collaborated to enable drones to launch and land independently from the Stealth ground-based autonomous vehicle platform (AxV). The vision-based precise landing on moving platforms without GPS is Planck's primary enabling technology. Drones may supplement ground-based cameras and sensors in areas such as security, defence, and resources to give a greater range, multi-angle coverage, and essential data.

The rising investments and initiatives taken by the government have positively influenced the market. The government’s initiative of deploying surveillance drones along with the growing investments made by companies have primarily contributed to the market sales. For instance, in May 2021, Yogi Adityanath, Chief Minister of Uttar Pradesh, launched four Garuda Aerospace drones in Varanasi to combat pollution in the Ganga River, to maintain a rigorous watch in containment zones, and to provide medical and other supplies to the needy. The drones can travel at a speed of 10-12 meters per second and reach a height of 120 meters. The drone films and images assist officials in maintaining rigorous vigilance, as well as security personnel and resources in developing future tactics. Furthermore, in July 2021, Skylark Drones, a drone platform startup, secured $3 million in a pre-series A fundraising round to expand its product offerings and expand internationally. Skylark Drones, which has operations in the United States and India, intends to improve workplace productivity and safety by delivering geospatial analytics to businesses in industries like as mining, solar energy, real estate, agriculture, and inspection. It allows its clients to leverage AI-powered technology solutions such as Spectra and Drone Mission Ops.

North America holds a considerable share during the forecast period

North America is the main area that has contributed to the global drone surveillance platform market's expansion. This is because pipeline and marine inspection and surveillance operations are in high demand. The United States possesses the world's biggest pipeline, which explains why the demand for drones is so strong. For instance, according to the commander of the US Fifth Fleet, the US Navy and its security allies deployed a new cooperative drone fleet in the Middle East in February 2022 to better prepare for future operations like those carried out by Iran in the region in recent years. The event attracted 100 drones in total. By 2023, allied nations will have a fleet of unmanned aerial vehicles powered by artificial intelligence. The United States is the market leader in drone monitoring for the energy and electricity industries. This dominance can be linked to the extensive deployment of drone technology in the United States for pipeline inspection and surveillance purposes.

Market Key Developments

• In March 2022, The National Security Services Company (SAFE), owned by the Public Investment Fund (PIF), and Azur Drones, a pioneer in drone-in-a-box solutions, signed a global strategic cooperation agreement. Skeyetech is a drone-in-a-box system created by Azur Drones to improve security and assist operations in industrial and sensitive facilities. Skeyetech drones are fully autonomous and may be immediately deployed to any location to do checks, security, and inspections, or to monitor crises. Through Azur Drones' expertise, the deal covers the development of capabilities for the local assembly of autonomous drones in Saudi Arabia.
• In December 2021, Dedrone, a leading airspace security firm, announced the completion of a $30.5 million Series C investment round headed by Axon, a key provider in linked public safety solutions. On the same day, SkySpace reported that it had obtained $30 million in Series B investment, in addition to the $45 million it had already received. According to officials from both companies, the financial backing reflects the sector's shifting development goals toward security technologies to identify and detect them.
• In September 2021, the Ring Always Home Cam, was first introduced at Amazon's hardware presentation last year and later was activated by a Ring Alarm sensor or the Ring app, the Always House Cam is a Ring camera linked to a drone that can fly specified patterns in a house to provide security.

Security And Surveillance Drone Market Scope:

SEGMENTATION

• By Type
  • Fixed Wings
  • Single Rotor
  • Multi-Rotor
• By Application
  • Patrolling
  • Firefighting
  • Explosive Detection & Removal
  • Industrial Security (Nuclear Powerplant, Ports, Etc.)
  • Others
• By Geography
  • North America
    • United States
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Israel
    • Others
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • India
    • Indonesia
    • Thailand
    • Taiwan
    • Others