Small Drone Market Size, Share, Growth Analysis, By Product(Less than 5kg, 5-25kg, above 25-150kg), By Maximum Takeoff weight(Fuel powered and Battery powered), By Region - Industry Forecast 2024-2031

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.

The market for precision farming in Asia Pacific is expected to grow due to the increasing demand for this type of farming. There are many ways to monitor crops and take aerial photographs. The market for drones in Asia Pacific is expected to grow significantly in the future, as new drone manufacturers are established in the region. DJI is a prominent drone manufacturer in the world, and it is located in China. More importantly, the growing economies of India and Japan are expected to bolster the global market economy.

Europe is expected to grow at a significant rate due to the increasing awareness regarding aerial photography, precision agriculture, and disaster relief. The increasing demand for these products for transportation purposes is expected to have a positive impact on the market growth in the region.

Latin America has a relatively low small drone market due to the region's large distributors, suppliers, and import-export companies. The Middle East is projected to experience significant growth in the market for drones due to increasing awareness of their use in the oil and gas industries for risky operations.