Global Micro UAV Market Growth 2023-2029

Global Micro UAV Market Growth 2023-2029

The global Micro UAV market size is projected to grow from US$ 572.7 million in 2022 to US$ 1193.4 million in 2029; it is expected to grow at a CAGR of 11.1% from 2023 to 2029.

Global key players of Micro UAV include DJI, Teledyne FLIR, etc. The top two players hold a share about 70%. China is the largest market, has a share about 84%, followed by North America, and Europe, with share 7% and 2%, separately. In terms of product type, Quadcopter Drone is the largest segment, occupied for a share of 76%, and in terms of application, Commercial has a share about 63%.

LPI (LP Information)' newest research report, the “Micro UAV Industry Forecast” looks at past sales and reviews total world Micro UAV sales in 2022, providing a comprehensive analysis by region and market sector of projected Micro UAV sales for 2023 through 2029. With Micro UAV sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Micro UAV industry.

This Insight Report provides a comprehensive analysis of the global Micro UAV landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Micro UAV portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Micro UAV market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Micro UAV and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Micro UAV.

This report presents a comprehensive overview, market shares, and growth opportunities of Micro UAV market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Quadcopter Drone
Biplane Drone

Segmentation by application
Commercial
Military

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
DJI
Teledyne FLIR
Parrot
AeroVironment
Lockheed Martin
Huaqing Innovation
Hubsan
BAE

Key Questions Addressed in this Report

What is the 10-year outlook for the global Micro UAV market?

What factors are driving Micro UAV market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Micro UAV market opportunities vary by end market size?

How does Micro UAV break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.