Home Security Drone Market Size & Share, by Type (Fixed-Wing, VTOL); Application (Infrastructure, Surveillance, Remote Security Management, Parking Area Surveillance); End-User (Government Building, Private Apartments, Residential Colonies) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2024-2036

  • Report ID: 5522
  • Published Date: Jan 08, 2024
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2024-2036

Home Security Drone Market size is estimated to cross USD 11 Billion by the end of 2036, expanding around 30% CAGR during the forecast period 2024-2036. In the year 2023, the industry size of home security drone was over USD 700 Million. The growth of this industry can be attributed to the increasing demand for security in residential areas, due to safety threats, thefts, and others. Basically, burglaries, thefts, and break-ins are accelerating demand for proactive security such as home security drones. These drones are automated and help individuals keep track of any illegal crime taking place in their space in their absence. Therefore, increasing criminal activities taking place in the residential sector are predicted to primarily drive market growth. As per data, yearly around one million home burglaries take place in the United States.

The increasing construction of buildings is bound to boost the demand for security services. Drones are more efficient in providing high-level security, as compared to humans. The growing construction of residential buildings become home to lots of people which raises the demand for better security systems in those buildings that can provided by inspection drones. This drives the growth of the home security drone market further in the projected period.


Home Security Drone Market
Get more information on this report: Request Free Sample PDF


Home Security Drone Market: Key Insights

Base Year

2023

Forecast Year

2024-2036

CAGR

~30%

Base Year Market Size

~USD 700 Million

Forecast Year Market Size

~USD 11 Billion

Regional Synopsis

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
Get more information on this report: Request Free Sample PDF

Home Security Drone Market: Growth Drivers and Challenges

Market-Growth-Drivers

Growth Drivers

  • Growing Global Population - The global population is growing at a rapid rate, resulting in demand for residential buildings. Therefore, as the residential buildings grow the chances for crimes to take place rise in the residential area which raises the demand for home security drones further. This is predicted to drive the expansion of the home security drone market in the predicted period. According to the data by the World Bank, the global population reached 7.753 billion in 2020.
  • Growing Number of Technophiles - The global residential autonomous security drone market is expected to grow as more and more people get excited about technological advancements and continuously invest resources to try better products. Such as, according to an article published, more than 40% of the world's population is currently addicted to video games, and in the United States, that number is as high as 65%. This is expected to drive the global market as the number of people willing to try new technology-driven products regularly increases.

Challenges

  • Discussion on the Pros and Cons of these Drones - A broad range of experts believe that autonomous home security drones might have adverse consequences since they can penetrate private spaces so directly raising concerns about privacy intrusion. And because they give the user access to a personal aspect of life, these devices are also dangerous. There's been an ongoing debate on whether the intrusion of drones into private life is a violation of basic privacy rights, which could hinder global market growth.
  • Privacy Concerns Associated with Security Drones are Expected to Pose Limitations on the Home Security Drone Market Growth in the Upcoming Period
  • Reliability and Safety Issues Associated with Drones are Predicted to Hinder Market Growth in the Forecast Period.


Home Security Drone Segmentation

Type (Fixed-Wing, VTOL)

In terms of type, fixed-wing segment is anticipated to dominate the global home security drone market by registering a growth rate of 60% by the end of 2036. Fixed-wing drones, because of the variety of benefits they provide, are dominant in the worldwide market. The drones may be capable of covering large areas within relatively short timeframes, having more autonomy on the flight parameters, providing a higher level of control at altitudes, and also delivering clearer pictures. Using the available postprocessing kinematic or real-time kinematic, eBee X's lightweight fixed-wing drone is capable of covering as much as 500 hectares with absolute precision and can reach a maximum height of 1.5 cm. Furthermore, the fixed-wing drone is capable of monitoring the image quality automatically and in real-time, allowing the flight to be interrupted and then restarted from the exact point of the image that does not meet the required quality.

Application (Infrastructure, Surveillance, Remote Security Management, Parking Area Surveillance)

In terms of application, the infrastructure surveillance segment is anticipated to hold a notable share in the global home security drone market over the forecast period on account of rising demand for surveillance systems in the whole building premises to ensure complete safety from theft, and other crimes. With the increasing crime rates, homeowners are looking for more advanced and effective security solutions. The drones offer a comprehensive and proactive approach to home security, patrolling the entire property, and offering real-time monitoring.

Our in-depth analysis of the global market includes the following segments:

Type

  • Fixed-Wing
  • VTOL

Application

  • Infrastructure Surveillance
  •  Remote Security Management
  • Parking Area Surveillance

End-User

  • Government Building
  •  Private Apartments
  •  Residential Colonies

Want to customize this research report as per your requirements? Our research team will cover the information you require to help you take effective business decisions.

Customize this Report

Home Security Drone Industry - Regional Synopsis

North American Market Forecasts

The home security drone market in the North America region is set to hold the largest market share of 33% during the projected period. Regional growth is expected to be driven by the high adoption rate of home security systems in general, due to their importance. As per statistics, almost 21 million US households have security devices installed in them.  Countries like the United States and Canada have the most people with the highest per capita income and disposable income.  This is one of the many reasons why ordinary people are interested in exploring advanced technologies that enhance their life cycle and therefore are constantly integrating them into their daily lives. The growth in this region can also be attributed to the presence of major market players who are increasing their funding for research and development of home security drone-related activities.

European Market Statistics

The home security drone market in the Europe region is set to hold a notable revenue share by the end of 2036. Deployment of drones in a number of sectors such as infrastructure, agriculture, transport, entertainment, and safety including the housing sector has been supported by amendments to drone legislation adopted by the European Union Aviation Safety Agency. This is predicted to drive the growth of the home security drone market in the Europe region. The European market has been expected to expand as a result of drone-friendly regulations that have attracted investors and the general public to share information in related sectors, thus making commercial use of drones more widely available.

Research Nester
Home Security Drone Market size
Get more information on this report: Request Free Sample PDF

Companies Dominating the Home Security Drone Landscape

top-features-companies
    • Delair India Pvt. Ltd.
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Schiebel Corporation
    • Threod Systems
    • Skyfront
    • Airborne Drones (Pty) Ltd
    • Yuneec Holding Ltd.
    • General Atomics
    • AeroVironment, Inc.
    • Honeywell International Inc.
    • Rockwell Automation, Inc.

In-the-news

In The News

  • ASSA ABLOY announced the acquisition of MR Group in Portugal. The hardware division of MR Group will be acquired by the company to expand its regional footprint.
  • Yuneec Holding Ltd. announced its long-term partnership with Leica Camera AG for technological advancement in surveillance drones.

Author Credits:  Abhishek Verma, Hetal Singh


  • Report ID: 5522
  • Published Date: Jan 08, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The growing presence of crimes and increasing technological advancement are some of the major factors anticipated to drive the growth of the home security drone market.

The market is anticipated to attain a CAGR of ~30% over the forecast period, i.e., 2024-2036.

The major players in the market are of Schiebel Corporation, Threod Systems, Skyfront, Airborne Drones (Pty) Ltd, Yuneec Holding Ltd., General Atomics, AeroVironment, Inc., and others.

The fixed wing segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.

The market in North America is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.
Home Security Drone Market Report Scope
  GET A FREE SAMPLE

FREE Sample Copy includes market overview, growth trends, statistical charts & tables, forecast estimates, and much more.

 Request Free Sample Copy

Have questions before ordering this report?

Inquiry Before Buying