Global Small Drone Market

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

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.

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FAQs

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).

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 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. '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'

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.

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.

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.

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Global Small Drone Market

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