The Drone Light Shows Global Market Report 2023 by The Business Research Company, provides drone light shows market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
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According to The Business Research Company’s Drone Light Shows Global Market Report 2023, the global drone light shows market size is expected to grow from $4.22 billion in 2022 to $5.09 billion in 2023 at a compound annual growth rate (CAGR) of 20.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the drone light shows market size is expected to reach $10.64 billion in 2027 at a CAGR of 20.2%.
The rising use of drone light shows for social media and movie promotions is expected to propel the growth of the drone light show market going forward. Drone light shows offer a more sustainable way to brighten the night sky where drone fleets can be utilized at numerous events and are free of noise and chemical contamination. On several social media platforms, movie producers are interested in drone light shows and are using drone light shows to promote their shows.
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The drone light shows market is segmented:
1) By Type: Drone Formations, Animated Sculptures, Drone-Launched Fireworks, Light Paintings
2) By Mode of Operation: Remotely Operated, Semi-Autonomous, and Autonomous
3) By Application: Exhibition, Cultural Performance, Tourist Attraction, Teaching Research, Other Applications
Top Major Players
HighGreat
Geoscan Group
CollMot Entertainment
BotLab Dynamics
Skymagic
Innovative drone light shows are a key trend gaining popularity in the drone light shows market. Major players in drone light shows are focused on creating innovative shows to sustain their position in the market. For instance, in January 2021, SKY MAGIC, a Singapore-based, leading drone light show company, in partnership with Jack Morton, the global brand experience agency, and the Mayor of London’s office developed and organized an innovative light show in London celebrating diverse cultural heritage in the New Year. SKY MAGIC deployed a startling 300 drones with innovative fireworks and lighting for a 10-minute show designed for home viewing and created an extraordinary experience with a dedicated team of experts.
The drone light shows market report table of contents includes:
1. Executive Summary
2. Drone Light Shows Market Characteristics
3. Drone Light Shows Market Trends And Strategies
4. Drone Light Shows Market – Macro Economic Scenario
5. Drone Light Shows Market Size And Growth
…………………….
26. Africa Drone Light Shows Market
27. Drone Light Shows Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Drone Light Shows Market
29. Drone Light Shows Market Future Outlook and Potential Analysis
30. Appendix
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