Drone Light Shows Market Is Thriving Worldwide Expected to Witness Significant Growth Between 2021 to 2031
By application, music concerts are expected to retain their dominance in the drone light shows market during the forecast period.
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Prime determinants of growth
Eco-friendly alternatives to fireworks, global social media penetration, and simple detailed design for the light show drive the global drone light shows market. However, the cost-effectiveness of drone use and the transition process between displays limit the market growth. Furthermore, technological advancements will open up new avenues for market growth in the coming years.
The music concert segment to maintain its leadership status throughout the forecast period
Based on application, the music concert segment held the highest market share in 2021, accounting for nearly one-fourth of the global drone light shows market. It is estimated to maintain its leadership status throughout the forecast period. Music concerts are the most popular venues for using drone light shows, and they are expected to grow the most during the forecast period. Drone light shows are primarily used to enhance the artists' performance and amplify the music's feel at music concerts, events, and festivals. Drone light shows are also widely used as tourist attractions in various countries to display a specific region's history and how the place has changed over time. Drone light shows are also used in public events, trade shows, corporate events, sporting events, and other similar occasions to help enhance and provide these events.
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Europe to maintain its dominance by 2031
Based on region, Europe held the highest market share in terms of revenue in 2021, accounting for nearly 35% of the global drone light shows market, and is likely to dominate the market during the forecast period, with Asia-Pacific predicted to have the highest growth with a CAGR of 6.1% during the forecast period. Europe had the most significant drone light shows market share due to the region's rapid adoption of drones combined with the use of various technologies used to enhance events such as music festivals, corporate meetings, and live shows. Due to the rapid adoption of technology and an increased interest in consumer satisfaction, drone light shows, particularly animated shows, are rapidly growing in the region. North America is the second largest region for organizing drone light shows. Asia-Pacific, expected to have the highest drone light shows market growth due to increased drone adoption in the region and rapid technological advancements.
Leading Market Players: -
Skymagic Live Pte. Ltd
Hire UAV Pro LLC,
Magic Drone
Verity AG
JH Technology Arts GmbH
Arts Outdoor Lighting Multimedia Events & Drones LLC
SKD International Drone Events
Great Lakes Drone Company, LLC
Intel Corporation, Verge, Inc
Swarmtech Drones Ltd
FlightShows
Flyby Guys
Drone Arrival, Inc
BotLab Dynamics Pvt. Ltd
Geoscan Ltd
Sky Elements, LLC
CollMot Robotics Ltd
Dronisos
Shenzhen HighGreat Innovation Technology Development Co., Ltd
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