USD 4.58 billion
Global Small Drone Market Size, Share, Growth Analysis, By Product(Less than 5kg, 5-25kg), By Maximum Takeoff weight(Fuel powered and Battery powered) - Industry Forecast 2024-2031
Report ID:
SQMIG20A2047 |
Region:
Global |
Published Date: April, 2024
Pages:
202
|
Tables:
61 |
Figures:
75
Global Small Drone Market Insights
Global Small Drone Market size was valued at USD 4.58 billion in 2022 and is poised to grow from USD 5.11 billion in 2023 to USD 12.20 billion by 2031, growing at a CAGR of 11.50% during the forecast period (2024-2031).
Small drones are an advanced system that have a lot of functionality packed into a tiny form. They are expected to become a major military tool in the future. These small unmanned aircraft are also becoming increasingly popular due to their many commercial applications. A small UAV fitted with a high-resolution camera, GPS, and sensors is commonly used for aerial filming and photography.
The global adoption of miniature drones is projected to fuel the market growth during the forecast period. Their improved work efficiency, excellent productivity and high accuracy in capturing images make them a valuable tool in many industries. The integration of artificial intelligence into drone technology is expected to increase future market growth by allowing the collection and management of a huge amount of real time information precisely.
There are a variety of small unmanned aerial vehicles (UAVs) available in different sizes, shapes, and varieties with superior capabilities and different applications in the oil and gas industries, disaster management, and surveillance and monitoring for the defense sector. Small drones are a powerful tool that can help improve the capabilities of security forces to contain terror and counter the emerging challenges in defense and homeland security.
This unmanned aerial vehicle (UAV) is capable of identifying security and terrorism-related challenges and pinpointing vulnerable areas that are more likely to experience various risks. These factors are expected to drive the market growth globally in the next future years.
US Small Drone Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Fixed wing
Fastest Growth
Fixed wing
Growth Rate
11.50% CAGR
Global Small Drone Market, 2021-2030 ($ Bn)
Country Share for North America Region- 2021 (%)
Global Small Drone Market Size By Location Type, 2021-2030($ Bn)
Global Small Drone Market Size By product Type, 2021-2030 (%)
To get more reports on the above market click here to Buy The Report
Global Small Drone Market Segmental Analysis
The small drones market is segmented on the basis of by type analysis, by maximum take off weight analysis, by End use, By Mode of operation, By power house and By region. Whereas, by type analysis is sub segmented into the Fixed wing, Hybrid wing, Rotary wing. By maximum take-off weight is sub segmented into the Less than 5kg, 5-25kg, above 25-150kg. By End use is sub segmented into the Military & defense, Consumer, Commercial & Civil. By Mode off operation is sub segmented into the Remotely piloted, optionally piloted, fully autonomous. By power house is sub segmented into the Fuel powered and Battery powered. By region, the Small Drone Market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Small Drone Market Analysis by Type
Based on the type, The rotary -wing segment held a dominant share of the market. The dominance of the company is due to their excellent aerial operations, easy vertical takeoff and landing, and high aerial photography efficiency. Fixed wing drones are projected to experience high growth in the market due to their long range flying capabilities, which are being used for a variety of applications across the globe.
This drone requires extra space for takeoff operations, as well as the ability of the operator to throw the drone into the air for launching. The hybrid wing segment is projected to see a significant improvement in growth rate by 2028 due to increased search and rescue operations, firefighting, wildlife surveys, and disaster management.
Various drone companies are adopting various aerodynamic structures to improve accuracy and power supply and autonomy. Manufacturing companies are focused on enhancing the multirotor models due to the easy takeoff and landing benefits they provide across the globe, which is likely to drive the rotary wing segment in the next few years.
Small Drone Market Analysis by Maximum Takeoff
The 5-25 Kg segment, also known as mini or Nano drones , dominated the market and is expected to showcase exponential growth during the forecast period. The increasing use of software-based mobile applications and drones based ICT tools is enhancing the accuracy and efficiency of drones.
The less than 5 kg segment includes small drones that have been widely used in developing countries for sanitizing and disinfecting purposes during the pandemic. This is likely to increase segment growth during the forecast period.
Agriculture is a great example of how small unmanned aerial vehicles (UAVs) are used for irrigation, pesticide spraying and seeding applications in precision farming. The small drones can carry fire control aids, disaster relief and emergency food supplies and medical supplies to various countries. These benefits are fueling demand for drones across the world.
Small drone Market By product Type, 2021 (%), 2022 (%)
To get detailed analysis on other segments, Request For Free Sample Report
Global Small Drone Market Regional Insights
The market size in North America stood at USD 4.50 billion. North America dominates the market because there are many companies, sellers and distributors in the U.S. and Canada, such as Textron and 3D Robotics. The growing market for drones in the region is due, in part, to their growing use for military, logistical, and surveillance purposes. This is expected to continue to drive growth in this market.
The market for precision farming in Asia Pacific is expected to grow due to the increasing demand for this type of farming. There are many ways to monitor crops and take aerial photographs. The market for drones in Asia Pacific is expected to grow significantly in the future, as new drone manufacturers are established in the region. DJI is a prominent drone manufacturer in the world, and it is located in China. More importantly, the growing economies of India and Japan are expected to bolster the global market economy.
Europe is expected to grow at a significant rate due to the increasing awareness regarding aerial photography, precision agriculture, and disaster relief. The increasing demand for these products for transportation purposes is expected to have a positive impact on the market growth in the region.
Latin America has a relatively low small drone market due to the region's large distributors, suppliers, and import-export companies. The Middle East is projected to experience significant growth in the market for drones due to increasing awareness of their use in the oil and gas industries for risky operations.
Small drone Market By Geography, 2021-2030, 2024-2031
- Largest
- Fastest
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Global Small Drone Market Dynamics
Small Drone Market Drivers
Government Regulations to Bolster Market Growth
- In 2020, the Federal Aviation Administration (FAA) introduced a new regulation called 'Small Unmanned Aircraft Systems (UAS) Regulations (Part 107)', designed to encourage the use of smaller drones. The regulation is specifically made for small drones used for commercial and government applications, weighing less than 55 pounds. The new regulation will make it easier for drone operators to register their devices and use them safely. It will also improve drone safety by ensuring that operators know and follow proper safety practices.
- In December 2020, the US Department of Transportation issued new drone rules to help promote drone innovation and safety. These rules encourage the use of drones for research, development, and other purposes, while ensuring that safety is a top priority. According to the FAA, there are 1.7 million registered drones and 203,000 FAA-certificated remote pilots in the US.
- The Indian government has taken some effective steps to promote the drone industry in the country. In 2020, the Indian government started several initiatives aimed at helping to promote the use of small drones. These include the SVAMITVA program, the Drone Rules 2021, the SOP for Agri Drones, the Hara Bhara Project, and the PLI Scheme for Drones and Drone Components. The SVAMITVA scheme was launched in April 2020 to carry out mapping operations of 600,000 villages. Whereas the PLI Scheme for Drones and Drone Components was launched in September 2021, it has been valued at USD 15.04 million. Under this three-year plan, the Indian government aims to realize the vision of "Atma Nirbhar Bharat". In September 2021, the Indian government organized a Bharat Drone Mahotsav-2022 with 150 companies to help boost the development and innovation of drones.
Small Drone Market Restraints
Restrictions to Hinder Market Growth
- According to the Air Traffic Control Association (ATCA) (US), the limited use of small drones in civilian airspace is hindering market growth in the US. Currently, commercial small drones are not allowed to fly in civil airspace unless they have received an exemption. These exemptions are typically granted to companies who are testing or demonstrating the drones.
- Another major impediment to market growth is the lack of confidence in the safe and effective merger of small drones with existing air traffic systems. Small drones work in close coordination with continuously evolving air traffic systems.
Request Free Customization of this report to help us to meet your business objectives.
Global Small Drone Market Competitive Landscape
The market is fragmented because it has a strong product portfolio, and drone services are available in developed and emerging countries. Northop Grumman, DJI, and parrot drones are the three most likely companies to account for a large share of the market in 2020. The predicted increase in domestic players in the global market is likely to result from low barriers to entry. This is projected to lead to a highly fragmented market by 2028. This could have negative implications for consumers, as it would make it difficult to find the products they are looking for.
Small Drone Market Top players company profiles
- DJI
- Parrot Drones
- Yuneec International
- Autel Robotics
- EHang
- 3D Robotics
- ZeroTech
- AirSelfie
- Walkera
- Cheerson Hobby
- Hubsan
- Syma Toys
- PowerVision
- JJRC
- Holy Stone
- Potensic
- WLtoys
- UDI RC
- SHRC
- Sky Viper
Small Drone Market Recent Developments
In July 2022, Textron Inc introduced its newly developed Aerosonde® Mk. 4.8 Hybrid Quad (HQ) SUAS. It is mainly designed to meet the needs of army ISR missions. Hybrid quadrotor technology is used to accomplish VTOL.
In June 2022, To help filmmakers get up and running as quickly as possible, DJI released the DJI RS 3 and DJI RS 3 Pro, which have a number of additional functions. The operation is now automated thanks to a new axes-locking system. The automated axis locks release and unfold the gimbal when the gimbal is simply turned on, allowing the user to start working right away.
In May 2022, DJI introduced its newly developed ultra-lightweight camera drone DJI Mini 3 Pro, which weighs less than 249g
In February, Elbit Systems launched its updated hybrid version of Skylark 3. The new Skylark 3 Hybrid comprises an electric motor and the NW-44 multi-fuel ICE.
Global Small Drone Key Market Trends
- Drone based LIDAR is a technological advancement in the drone industry. LIDAR technology uses sensors that emit beams of light that shoot down to the ground and then bounce back up. The distance between the laser and the sensor is measured and recorded. This technology is being used in both the military and commercial sectors to create detailed 3D maps and models of landscapes, buildings, and human-made objects. It has also opened the gate for a whole new range of creative possibilities when it comes to planning and aerial surveying missions.
Global Small Drone Market SkyQuest Analysis
Sky Quest’s ABIRAW (Advanced Business Intelligence, Research and Analysis Wing) is our Business Information Services team that collects, collates, Co-relates and analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, The development of more recent military unmanned aerial vehicles (UAVs) is not expected to halt and could even accelerate in the years to come. Real-time information may prove to be the most effective tool for warfighters, leaders, and troops to defend themselves during crucial military operations. Thus, they need superior tactical intelligence, surveillance, and reconnaissance to customize their response to the danger. As a result, the demand for UAVs from military forces around the world is rising and propelling market expansion.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 4.58 billion |
| Market size value in 2031 | USD 12.20 billion |
| Growth Rate | 11.50% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Small Drone Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Small Drone Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global Small Drone Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Small Drone Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Small Drone Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Small Drone Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Global Small Drone Market Report Snapshots
Want to customize this report?
Our industry expert will work with you to provide you with customized data in a short amount of time.
REQUEST FREE CUSTOMIZATION
USA (+1) 351-333-4748
