IMARC Group, a leading market research company, has recently releases report titled “Small Drones Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” by IMARC Group, finds that the global small drones market size reached US$ 10.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 24.2 Billion by 2028, exhibiting a growth rate (CAGR) of 15% during 2023-2028.
What is Small drone?
Small drones, also known as miniature unmanned aerial vehicles (UAVs), are compact devices designed to be controlled remotely or follow a predetermined flight plan. They can be classified into nano drones and micro drones, featuring fixed, rotary, or hybrid wings. Small drones have diverse applications, including aerial photography, surveillance, 3D mapping, scientific research, inspection, media coverage, precision agriculture, and remote sensing. They offer advantages such as cost-effectiveness, lightweight construction, ease of handling, and the ability to operate safely indoors or in inaccessible areas, distinguishing them from traditional counterparts. As a result, small drones are extensively used in various sectors, including agriculture, media and entertainment, defense, government, aerospace, e-commerce, and construction.
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Small Drones Market Trends and Drivers:
The small drones market is primarily driven by the increasing demand for military and defense applications worldwide, including surveillance, reconnaissance, intelligence gathering, battle damage management, and counter-terrorism operations. Additionally, there is a growing need for small drones in law enforcement sectors, such as firefighting, traffic monitoring, border management, disaster management, maritime security, and rescue operations, which is positively impacting market growth. The market is further boosted by the introduction of artificial intelligence (AI)-based small drones with automation capabilities, improved power management systems, and enhanced maneuverability. The integration of light detection and ranging (LIDAR) technology, which enables data collection and the creation of detailed three-dimensional (3D) models for various industries, is also a significant growth factor. Furthermore, the increasing utilization of air logistics services in multiple sectors and the rise in research and development (R&D) activities to enhance the operational lifespan of small drones are expected to drive market growth in the forecasted period.
Who are the key players operating in the industry?
- Aerovironment Inc.
- Autel Robotics
- Delair
- Elbit Systems Ltd.
- Israel Aerospace Industries
- Lockheed Martin Corporation
- Microdrones GmbH
- Raytheon Technologies Corporation
- SZ DJI Technology Co. Ltd.
- Teledyne FLIR LLC
- Textron Inc. and Thales Group.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Size:
- Nano Drones
- Micro Drones
Breakup by Type:
- Fixed Wing
- Rotary Wing
Breakup by Application:
- Military and Defense
- Consumer
- Consumer and Civil
Breakup By Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
Key highlights of the report:
- Market Performance
- Market Outlook
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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