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 2025-2032

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

Small Drone Market Insights

Small Drone Market size was valued at USD 5.11 Billion in 2023 and is poised to grow from USD 5.7 Billion in 2024 to USD 13.6 Billion by 2032, growing at a CAGR of 11.50% during the forecast period (2025-2032).

Small drones are an advanced system that have a lot of functionality packed into a tiny form. They are expected to become a major military tool in the future. These small unmanned aircraft are also becoming increasingly popular due to their many commercial applications. A small UAV fitted with a high-resolution camera, GPS, and sensors is commonly used for aerial filming and photography.

The global adoption of miniature drones is projected to fuel the market growth during the forecast period. Their improved work efficiency, excellent productivity and high accuracy in capturing images make them a valuable tool in many industries. The integration of artificial intelligence into drone technology is expected to increase future market growth by allowing the collection and management of a huge amount of real time information precisely.

There are a variety of small unmanned aerial vehicles (UAVs) available in different sizes, shapes, and varieties with superior capabilities and different applications in the oil and gas industries, disaster management, and surveillance and monitoring for the defense sector. Small drones are a powerful tool that can help improve the capabilities of security forces to contain terror and counter the emerging challenges in defense and homeland security.

This unmanned aerial vehicle (UAV) is capable of identifying security and terrorism-related challenges and pinpointing vulnerable areas that are more likely to experience various risks. These factors are expected to drive the market growth globally in the next future years.

US Small Drone Market is poised to grow at a sustainable CAGR for the next forecast year.

Small Drone Market Report Snapshots

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FAQs

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 2025-2032

Small Drone Market Insights

Small Drone Market Report Snapshots

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Who are the key vendors in the Small Drone Market?

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