Small Drone Market Trends

Small Drone Market size was valued at USD 5.11 Billion in 2023 and is poised to grow from USD 5.7 Billion in 2024 to USD 13.6 Billion by 2032, growing at a CAGR of 11.50% during the forecast period (2025-2032).

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. '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.