Over the past few years, in numerous commercial and defense uses, small drones have gradually been embraced. In order to improve performance and streamline their activities, the usage rates of small drones have risen dramatically and a vast number of organizations have incorporated aerial data into their workflows. Small drones have the potential to collect data and can thereby change company processes. In addition, it also provides unprecedented data perspectives and provides return on investment for both large and small- to medium-sized enterprises.
The global small drones market revenue was valued at >USD 16.0 Billion in 2019. Procurement of small drones by defense forces of various nations has increased over the past few years and the trend is expected to continue over the forecast period.
The market for small drones worldwide was estimated to be worth USD 14.04 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 24.2% to reach USD 77 billion by 2030.
.jpg "The Global Small Drones Market 2020-2030 (USD Billion)")
Additionally, technological enhancement small drones by manufacturers operating in this industry are further expected to increase its market reach in coming years. New product development by commercial small drones manufacturers to attract millennial population is expected to drive the market.
Small Drones Market Scope
| Metrics | Details |
| Base Year | 2023 |
| Historic Data | 2018-2022 |
| Forecast Period | 2024-2030 |
| Study Period | 2018-2030 |
| Forecast Unit | Value (USD) |
| Revenue forecast in 2030 | USD 77 billion |
| Growth Rate | CAGR of 24.2 % during 2020-2030 |
| Segment Covered | By size, Regions |
| Regions Covered | North America, Europe, Asia Pacific, South America, Middle East and Africa |
| Key Players Profiled | 3DR, AeroVironment Inc., Autel Robotics, BAE Systems Plc., DJI Technology, Hubsan, Elbit Systems Ltd, Parrot SA, SkyDio, Teledyne FLIR LLC. |
Key Segment Of The Small Drones Market
By Size (USD Billion)
• Nano Drones
• Micro Drones
By Product, (USD Billion)
• Conductors Overhead
• Fittings & Fixtures Underground & Submarine
• Xlpe Cables
• Mi Cables
• Cable Joints
• Cable Termination
• Others
By Type, (USD Billion)
• Fixed Wing
• Rotary Wing
By Application, (USD Billion)
• Commercial
• Defense
• Recreational
Regional Overview, (USD Billion)
North America
• US
• Canada
Europe
• Germany
• France
• UK
• Rest of Europe
Asia Pacific
• China
• India
• Japan
• Rest of Asia Pacific
South America
• Mexico
• Brazil
• Rest of South America
Middle East and South Africa
Frequently Asked Questions (FAQ) :
the small drones market is growing at a CAGR of 24.2 % during the forecast period.
North America dominated the market for small drones market and accounted for the largest revenue share
The major contenders in the global market are small drones market include 3DR, AeroVironment Inc., Autel Robotics, BAE Systems Plc., DJI Technology, Hubsan, Elbit Systems Ltd, Parrot SA, SkyDio, Teledyne FLIR LLC.
Small drones have played a critical role in both the industrial and military industries over the last few years. The demand for more classified surveillance by law enforcement agencies and military forces around the world and the reduced size of drones in the commercial sector is currently gaining interest by drone manufactures in small drones. The demand for small drones is largely motivated by factors such as the rising need for improved security, the most innovative technology for payloads. Small drone markets are motivated by the need from law enforcement authorities and security forces for increased monitoring to sustain law and order in a region and to track the battle region or border area with optimum precision. The miniature drones are fitted with the most sophisticated technology for payloads that improve the precision of data recording. The growing demand for innovative technical miniature drones is fueling the industry to expand in the future
Type Segment
The global small drones market by type is segmented into hybrid wing, rotary wing, and fixed wing. Increasing defense spending by government and private companies followed by increasing demand for defense surveillance is expected to increase rotary wing type small drones market concentration over the forecast period. Apart from defense application, rotary wing type small drones are increasingly used in firefighting, disaster management, law enforcement, wildlife survey, and photography applications.
Application Segment
In terms of the application, the market is segmented into consumer, commercial, civil, military, and homeland security. The military applications of small drones include battle damage management, and intelligence, surveillance & reconnaissance. Civil & commercial applications include precision agriculture, remote sensing, inspection & monitoring, photography & film production, surveying & mapping, product delivery, wildlife research & preservation, scientific research, and media. Homeland security applications include border management, traffic monitoring, firefighting & disaster management, search & rescue, police operations & investigations, and maritime security.
Power Source Segment
In terms of the power source, the market is segmented into lithium-ion, solar cell, fuel cell, and hybrid cell. Easy availability of raw materials followed by increasing penetration of lithium-ion batteries is expected to increase its penetration in small drones in coming years.
In 2019, North America dominated the global small drones market. Presence of well-established drones manufacturers coupled with increasing research & development spending in military and defense is expected to drive the market. Moreover, increasing millennial spending on small drones in U.S. and Canada for commercial applications will further add market growth. Rising maritime surveillance activities in borders will also expected to increase demand for small drones in North America over the coming years.
The global small drones industry has large number of well-established manufacturers and small & medium scale manufactures. Key companies operating in this industry are Northrop Grumman, Elbit Systems, Israel Aerospace Industries, Aerovironment, Lockheed Martin, Boeing, Aeronautics, Thales, DJI, Parrot, 3D Robotics, Textron, Raytheon, Turkish Aerospace Industries, Saab, and Microdrones. Manufacturers operating in this industry are adopting merger & acquisition, new product development, technological advancement, research & development, and facility expansion in order to form strategies to increase their customer base.