Small Drones Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Small Drones Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Growth Factors of Small Drone Market

The small drone market size was valued at USD 14.04 billion in 2022, and the market is now projected to grow from USD 16.90 billion in 2023 to USD 77 billion by 2030, exhibiting a CAGR of 24.2% during the forecast period of 2023-2030.

The COVID-19 pandemic extensively boosted the worldwide small drone enterprise. Drones facilitated contactless transport of goods and monitored social distancing compliance. They had been critical in handing over scientific resources and disinfecting public areas, supporting to reduce infection risks. This surge in drone uses propelled market increase at some stage in the pandemic.

Rising product demand from the protection zone for ISTAR (Intelligence, Surveillance, Target Acquisition, and Reconnaissance) is anticipated to catalyze market growth. Small UAVs provide situational attention, intelligence gathering, and tactical task skills. Their versatility makes them ideal for diverse army packages, together with surveying enemy positions and carrying out targeted strikes, offering real-time records for precise selection-making.

The improvement of AI-powered swarm drones and self-sufficient drones is an outstanding marketplace fashion. Swarm drones, coordinated by means of a vital computer, work collectively to finish duties and adapt to converting conditions via AI-pushed communique. For example, in February 2022, Halcon unveiled the AI-based Hunter 2-S swarming drone system. These UAVs proportion statistics, preserve positions, and have interaction goals effectively, highlighting their developing role in advanced programs.

Comprehensive Analysis Small Drone Market

The small drone market growth is rising at an exponential rate due to its market segmentation. This market expansion correctly affords a detailed local assessments thinking about the dominant supply and call for forces that effect the enterprise. These segmentations are methodically segregated by type analysis, by maximum take-off weight analysis, by power source analysis, by end use analysis. By type analysis include, fixed wing, rotary wing, and hybrid wing. By maximum take off weight analysis include, less than 5 kg, 5 – 25 kg, and above 25 – 150 kg. By power source analysis include, fuel powered and battery powered. By end use analysis include, defense, consumer, commercial, and civil by end-use.

The North America region lead the small drone market share by benefitting a market size of USD 4.62 billion in 2022 due to the presence of major OEMs in the region

The top players in the market play an important role in the industry assuring market expansion and setting market level. These players include SZ DJI Technology Co. Ltd. (China), Parrot Drones SAS (France), AeroVironment Inc. (U.S.), Teledyne Technologies Incorporated (U.S.), Guangzhou Walkera Technology Co Ltd (China), Yuneec (China), Northrop Grumman Corporation(U.S.), BAE Systems (U.K.), Elbit Systems Ltd. (Israel), Turkish Aerospace Industries (Turkey), these market players provide a level-playing competitive landscape.

In March 2023, The FAA granted the Pearland Police Department permission to perform drones as first responders BVLOS without visible observers, improving emergency response thru the DFR software.

Segmentation Table

Attribute Details

Study Period 2019-2030

Base Year 2022

Estimated Year 2023

Forecast Period 2023-2030

Historical Period 2019-2021

Growth Rate CAGR of 24.2% from 2023 to 2030

Unit Value (USD Billion)

Segmentation By Type, Maximum Take-off Weight, Power Source, End-use, and Geography

By Type

Fixed Wing

Rotary Wing

Hybrid Wing

By Maximum Take-off Weight

Less than 5 kg

5 to 25 kg

Above 25 to 150 kg

By Power Source

Fuel Powered

Battery Powered

By End-use

Defense

Consumer

Commercial

Civil

By Geography North America (By Type, Maximum Take-off Weight, Power Source, End-use, and Country)

- U.S. (By End-use)

- Canada (By End-use)

Europe (By Type, Maximum Take-off Weight, Power Source, End-use, and Country)

- U.K. (By End-use)

- Germany (By End-use)

- France (By End-use)

- Italy (By End-use)

- Russia (By End-use)

- Rest of Europe (By End-use)

Asia Pacific (By Type, Maximum Take-off Weight, Power Source, End-use, and Country)

- China (By End-use)

- India (By End-use)

- Japan (By End-use)

- South Korea (By End-use)

- Australia (By End-use)

- Rest of Asia Pacific (By End-use)

Rest of World (By Type, Maximum Take-off Weight, Power Source, End-use, and Country)

- Latin America (By End-use)

- Middle East & Africa (By End-use)


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