SAFETY AND SECURITY DRONES MARKET ANALYSIS

Safety And Security Drones MarketSize and Trends

Global Safety and Security Drones Market is estimated to be valued at US$ 5,886.4 Mn by 2030.

Global safety and security drones market is expected to witness significant growth during the forecast period (2023–2030). The market growth is majorly attributed to increasing adoption of drones in different applications such as defense, government, and land in the industrial sector. Moreover, favorable rules regulations for safety and security drones are expected to propel demand for safety and security drones across the globe.

Global Safety and Security Drones Market was valued at US$ 1,570 Mn in 2022 and is forecast to reach a value of US$ 5,886.4 Mn by 2030, exhibiting CAGR of 18.1% between 2023 and 2030.

Figure 2: Global Safety and Security Drones Market Share (%), By Application Segment, 2022

Global Safety and Security Drones Market- Trends:

Integration of AI and Automation

One prominent trend in the safety drones market is the integration of artificial intelligence (AI) and automation. AI-powered drones can autonomously navigate and make intelligent decisions during search and rescue operations and infrastructure inspections. Automation enables drones to perform complex tasks with minimal human intervention, leading to increased efficiency and reduced operational costs. For Instance, on January, 2021 SparkCognition, a renowned industrial artificial intelligence (AI) company, and SkyGrid, a subsidiary of Boeing and SparkCognition, have recently joined forces to implement AI-driven cybersecurity solutions directly on drones. This collaborative effort aims to safeguard drones from zero-day attacks while they are in flight. By incorporating SparkCognition's DeepArmor cybersecurity product, SkyGrid becomes the pioneering airspace management system to offer drone protection powered by AI. 

Rise of Hybrid Drones

Hybrid drones that combine both fixed-wing and multi-rotor capabilities are gaining traction in the safety market. These drones offer the benefits of extended flight endurance and long-range capabilities (fixed-wing mode) along with the ability to hover and perform precise maneuvers (multi-rotor mode). Hybrid drones are particularly useful for large-scale search and rescue missions and infrastructure inspections. For Instance, On February 20, 2023 TSAW Drones, a drone technology startup based in Delhi-NCR, unveiled its domestically produced drone, the Hybrid Fixed Wing VTOL (Adarna V2), during the Aero India 2023 event. Aero India 2023 is the 14th edition of the aerospace and aviation exhibition, held from February 13th to 17th at the Air Force Station in Yelahanka, Bengaluru.