What is the global market size of Small Drone Market?

Small Drone Market size was valued at USD 4.1 billion in 2021 and is poised to grow from USD 4.58 billion in 2022 to USD 10.93 billion by 2030, growing at a CAGR of 11.5% in the forecast period (2023-2030).

Who are the key vendors in the Global Small Drone Market?

The market is fragmented because it has a strong product portfolio, and drone services are available in developed and emerging countries. Northrop 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. Other key players include Yuneec International, Autel Robotics, EHang, and more.

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

Q: What is the key market trend for Global Small Drone Market?

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.

Report ID: SQMIG20A2047 | Region: Global | Published Date: July, 2024
Pages: 202 | Tables: 61 | Figures: 75

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Small Drone Market size was valued at USD 4.58 billion in 2022 and is poised to grow from USD 5.11 billion in 2023 to USD 12.20 billion by 2031, growing at a CAGR of 11.50% during the forecast period (2024-2031).

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 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.

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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

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What is the market size of Small Drone Market?

Who are the key vendors in the Small Drone Market?

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What is the key market trend for Small Drone Market?

Which region accounted for the largest share in Small Drone Market?

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