Global Home Security Drone Market is Predicted to Grow around USD 974.85 million by 2030

24-Feb-2023 | Zion Market Research

The global home security drone market size was worth around USD 579.68 Million in 2022 and is predicted to grow to around USD 974.85 Million by 2030 with a compound annual growth rate (CAGR) of roughly 9.58% between 2023 and 2030.

Home Security Drone Market Size

Drone security also known as drone surveillance is the process of using unmanned aerial vehicles (UAVs) to aid in patrolling a certain area, capturing images or videos generally specific to a certain target which may include groups of people, a place, or any other environment. The technology relays real-time information thus providing the user with sufficient information about current surroundings so that the user can take appropriate action if needed.

Even though drones are extremely small or compact in size as compared to larger drone vehicles, they are equally efficient and well-equipped with advanced technologies. In fact, the current home security drone market is full of research activities conducted by either private firms or government agencies to upgrade the current drone functionalities while also searching for processes to add newer and better technical systems in the drones for widening their applications.

Home security drones are UAVs specially designed to function in home-setting, i.e. in compact spaces. These systems are known to provide the controller with visual access to the entire house while sitting in one place. Drones are widely used to upgrade home security systems, where the drones automatically alert housemates in case of intrusion or any abnormal behavior in the house. Many of the current home security drones also possess high night vision cameras installed on them to capture videos or photography during the night with absolute accuracy and excellent image resolution. A large group of people uses these drones in addition to the already installed home security system to avoid any kind of threat.

The global home security drone market cap witnessed restricted growth due to Covid-19 owing to the closure of multiple manufacturing facilities as well as the lesser availability of raw materials. The global market also witnessed a relatively low demand for the product since, in 2020 and 2021, the majority of the discussions were focused on understanding, containing, and treating the virus. People were more hesitant toward spending on items that were not absolutely critical owing to the uncertain financial conditions that arose as a direct consequence of the virus.

The global home security drone market is expected to grow owing to the rising investments in home security across developed and developing regions. These investments are witnessed from the side of the manufacturers as well as the user-driven by the rising number of thefts associated with house invasions. Most of the first-world countries have systems in places where houses come with in-built security systems, whereas the same trend is on a rise in less developed countries.

People are more willing to invest in advanced systems that can help them attain full protection. Since home security drones are capable of delivering these higher expectations from end-consumers, their demand is expected to get momentum during the forecast period. As per official data, New Mexico has the highest rate of home robberies with the number being as high as 768 burglaries per 1000 people. An average of 2.5 million thefts are reported every year. These numbers indicate the increase in home theft incidents propelling the home security drone industry consumers to step up the security systems in place.

Global Home Security Drone Market

Home security drones are not just capable of capturing images or photos, the recent drones are sufficiently equipped to send alert signals to necessary authorities resulting in prompt action. The drones can be programmed to conduct actions like setting off alarms, locking doors automatically, and other such functions to prevent the occurrence of serious incidents.

The limited use in growing economies may restrict global market growth whereas the high demand in developed economies is expected to provide home security drone industry expansion opportunities. The ongoing debate about the pros and cons of home security drones is anticipated to challenge global market growth

The global home security drone market is segmented based on drone type, application, and region.

Based on drone type, the global market is divided into fixed-wing drone, rotary-wing drone, and hybrid drone. The global market is dominated by the fixed-wing drone segment owing to various benefits provided by the device. These drones can cover large areas in relatively less time, have longer flight autonomy, and provide better control over flight parameters, while also delivering better-quality images. The lightweight fixed-wing drone created by eBee X can cover up to 500 hectares of land with absolute accuracy going up to 1.5 cm with the available post-processing kinematic or real-time kinematic.

Based on application, the global market is segmented into outdoor and indoor. The global market is currently dominated by outdoor applications since more people are using drones to monitor the exterior home premises, especially during nighttime. People who own farms or large areas of land have found extensive use of home security drones since they can easily patrol the entire area without physically moving across the region. For instance, as per the recent survey conducted by the Economic Research Center of the US Department of Agriculture, there were more than 2.01 million farms in the country as of 2021 with the average farm size being 445 acres.

North America is projected to generate the highest revenue in the global home security drone market owing to a higher awareness rate amongst the population about home security systems and the benefits of using drones for safety purposes. The large number of players providing exceptional services may also drive regional growth. The US government is constantly encouraging innovations in technology which may help the country contribute heavily to regional growth. Europe is projected to grow because of strategic alliances undertaken by private companies to expand their global footprint along with an increase in exhaustive marketing and advertising activities to generate higher awareness about home security drones.

This review is based on a report by Zion Market Research, titled Home Security Drone Market By Application (Outdoor, and Indoor), By Drone Type (Fixed-Wing Drone, Rotary-Wing Drone, and Hybrid Drone), and By Region - Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2023 – 2030.”- Report at https://www.zionmarketresearch.com/report/home-security-drone-market

Recent Developments:

  • In January 2020, Sunflower Labs unveiled its new home awareness system capable of patrolling the property while also mimicking garden light along with a central processor to provide an enhanced user experience. The Sunflower Home Awareness System includes new eponymous Sunflowers which are vibration and motion sensors, the Bee which is a completely autonomous drone capable of deploying and flying on its own, and the Hive which is a charging station for the Bee.
  • In January 2022, Sunflower Labs started to provide its path-breaking home security systems to new customers including 10 Federal Self Storage, ADT, Swiss Federal Railways, Gerald R. Ford International Airport, and Security Robotics Development & Solutions.

The global home security drone market is driven by players like:

  • Parrot Drone
  • Ring LLC
  • Aeryon Labs
  • Azur Drones
  • Autel Robotics
  • GoPro
  • Aerialtronics
  • Freefly Systems
  • Flyability
  • Azur Drones

The global home security drone market is segmented as follows:

By Application

  • Outdoor
  • Indoor

By Drone Type

  • Fixed-Wing Drone
  • Rotary-Wing Drone
  • Hybrid Drone

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

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