The Drone Light Shows Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Drone Light Shows Global Market Report 2024, The drone light shows market size has grown rapidly in recent years. It will grow from $4.98 billion in 2023 to $5.89 billion in 2024 at a compound annual growth rate (CAGR) of 18.1%. The growth in the historic period can be attributed to entertainment industry collaboration, rise of event marketing, global sporting events, global expansion of drone industry, increased consumer awareness.
The drone light shows market size is expected to see exponential growth in the next few years. It will grow to $12.45 billion in 2028 at a compound annual growth rate (CAGR) of 20.6%. The growth in the forecast period can be attributed to urbanization, customization and personalization, cultural celebrations and festivals, emergence of 5G networks. Major trends in the forecast period include AI-generated choreography, virtual reality integration, health and safety features, space-based drone shows, and integration with smart cities.
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. For instance, in April 2022, Amazon’s Prime Video, a US-based television channel, used 500 drones to create a karaoke show over Rome, which was a unique stunt performed to promote the platform’s new original movie Laura Pausini: Piacere di concerti. Further, in November 2021, Cartoon Network, a US-based television channel, lit up the dark sky with a 3D animation of the legendary futurist concept, which was called a black lotus drone light show, for the promotion of its debut show, Blade Runner. Therefore, the rising use of drone light shows for social media and movie promotions drives the growth of the drone light show market.
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The drone light shows market covered in this report is segmented –
1) By Type: Drone Formations, Animated Sculptures, Drone-launched Fireworks, Light Paintings
2) By Mode of Operation: Remotely Operated, Semi-Autonomous, Autonomous
3) By Application: Exhibition, Cultural Performance, Tourist Attraction, Teaching Research, Other Applications
Major companies operating in the drone light show market are focusing on strategic partnerships to provide reliable services to customers. A strategic partnership is an arrangement between two or more companies or organizations that helps each other or works together to achieve their respective goals. For instance, in February 2023, DroneAcharya Aerial Innovations, an India-based end-to-end data solution provider, partnered with Studio Trika, an India-based post-production studio. By combining cutting-edge drone technology with artistic creativity, the collaboration between DroneAcharya and Studio Trika has the potential to develop a whole new genre of entertainment. The collaboration seeks to provide clients with distinctive experiences by combining Studio Trika’s creative talents with DroneAcharya’s drone technical know-how.
The drone light shows market report table of contents includes:
1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
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27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
Major Players:
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