The latest research study “Small Drones Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the global small drones market size reached US$ 8.6 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 21.18 Billion by 2027, exhibiting a growth rate (CAGR) of 15.50% during 2022-2027.
Small drones represent miniature unmanned aerial vehicles (UAVs) customized to be remotely piloted or flown using a predetermined flight plan. They can be broadly categorized into nano drones and micro drones with fixed, rotary, or hybrid wings. Small drones are mostly utilized in aerial photography, surveillance, three-dimensional (3D) mapping, scientific research, inspection, media coverage, precision agriculture, remote sensing applications, etc. They even prove to be extremely cost-effective, lightweight, convenient to handle, and safe to operate indoors or across inaccessible areas as compared to their traditional counterparts. Consequently, small drones find extensive utilizations, across numerous sectors, including agriculture, media and entertainment, defense, government, aerospace, e-commerce, construction, etc.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Small Drones Market Trends and Drivers:
The increasing product demand from the military and defense industry across the globe for surveillance, reconnaissance, intelligence gathering, battle damage management, and counter-terrorism operations is primarily driving the small drones market. In line with this, the escalating need from the law enforcement segments, such as firefighting, traffic monitoring, border management, disaster management, maritime security, and rescue operation, is also positively influencing the market growth. Moreover, the introduction of artificial intelligence (AI)-based small drones integrated with automation capabilities, enhanced power management systems, and improved maneuverability and the launch of light detection and ranging (LIDAR) technology that is designed to collect data and make detailed three-dimensional (3D) models for various businesses are acting as significant growth-inducing factors. Besides this, the growing usage of air logistics services in several industries and the elevating research and development (R&D) activities to improve the operational life of the device are anticipated to propel the small drones market over the forecasted period.
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The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
- Aerovironment Inc.
- Autel Robotics
- 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.
The report has been segmented the market into following categories:
Breakup by Size:
- Nano Drones
- Micro Drones
Breakup by Type:
- Fixed Wing
- Rotary Wing
Breakup by Application:
- Military and Defense
- 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 (2016-2021)
- Market Outlook (2022- 2027)
- 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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