Drone light shows market value to reach $10.43b by 2028
HYDERABAD, TELANGANA, INDIA, February 2022 — Drone Light Shows Market Forecasts to 2028 – Global Analysis By Type (Animated Sculptures, Drone Formations), Application (Cultural Performance, Exhibition, Teaching Research), and By Geography.
The Global Drone Light Shows Market is accounted for $3.12 billion in 2021 and is expected to reach $10.43 billion by 2028 growing at a CAGR of 18.8% during the forecast period. Drone light displays are formed by groups of drones that are coordinated, lighted, and choreographed to produce several aerial formations.
The computer software that converts images into flight commands and sends them to the drones can replicate almost any image in the sky. Drone shows have progressed from the academic lab to large-scale deployments at major events across the world in recent years.
During the projection period, the drone formations segment is predicted to have the greatest CAGR. A vast number of drones swarm like buzzing bees in drone formation, performing exact moves that appear easy, yet the work going on beyond the controller is highly hard.
Drone formation
The contents to be presented via the formation flight can be customized based on specific branding requirements. Drone formation is the most basic necessity of any drone light shows hence its adoption is significant.
Europe is projected to have the highest CAGR, due to the factors such as growing GDP and urbanization, and the standard of living of the people residing in these provinces increases. North America is projected to hold the highest market share. As, in general, expansive funding towards drones has been a part of the U.S budget allocation.
This includes creating newer and improved drones that are helpful for military operations. The companies thereby have also been creating drones that are cheap, effective, and low-cost variants that can be used for light shows.
Some of the key players profiled in the Drone Light Shows Market include Collmot Entertainment, Drone Light Show Company, Geoscan, High Great, Intel Corporation, Skymagic, SPH Engineering Limited, and Zerotech.