Global Drone Industry 2024: Key Producers and Market Shifts

Global Drone Market

The global drone market is valued at approximately $8.24 billion, with projections indicating a compound annual growth rate (CAGR) of 8.95% through 2029. China dominates this market, accounting for 78% of the global share, with over 1.26 million drones registered by the end of 2023.

Here’s an updated overview of drone production by key nations:

Ukraine: Leading in Tactical Drone Production

Ukraine has emerged as a frontrunner in drone manufacturing, producing over 2.2 million drones in 2024. This includes approximately 1.5 million FPV drones and 30,000 bomber drones, with a significant portion manufactured by private enterprises. The country’s focus on developing various drone types, including long-range and fiber-optic models, has been pivotal to its defense strategy.

Russia: Scaling Up Amid Challenges

Russia reported the production of over 1.5 million drones in 2024, encompassing various models such as the Orlan series and Garpiya drones. Despite these numbers, President Putin acknowledged ongoing shortages and emphasized the need to meet expanded production goals.

China: Dominating the Civilian Drone Market

China continues to lead in civilian drone manufacturing, with over 1.26 million registered drones by the end of 2023. While specific production figures for 2024 are not publicly disclosed, China's dominance in the global drone market remains undisputed.

Turkey: Expanding Drone Exports

Turkey has solidified its position as a key drone exporter, with models like the Bayraktar TB2 and Akıncı being adopted by various countries. While exact 2024 production numbers are not specified, Turkey’s commitment to growing its drone manufacturing capabilities is evident through international collaborations and new factory establishments.

United States: Focusing on Advanced Military Drones

The United States continues to invest in cutting-edge military drone technologies, with a strong emphasis on the development of sophisticated defense systems. Contrary to popular belief, the number of drones produced is not particularly high.

India: Facing Supply Chain Challenges

India is developing a promising drone industry but faces major challenges in reducing its reliance on Chinese-built components. Many companies remain heavily dependent on Chinese supply chains, even while asserting independence. The number of genuinely homegrown, operational drones remains relatively low.

UK and Europe: Slow but Growing Interest

The UK and Europe have played a relatively minor role so far. However, momentum is growing—especially in Germany, Poland, and France—as the European bloc begins to take drone development more seriously. Still, much progress is needed.

Overall, the global drone industry in 2024 reflects a dynamic and competitive landscape. While some nations are advancing rapidly, others continue to lag behind.

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