Small Drones Market Size, Share, Trends, Demand & Growth by 2030

The small drone market size is expected to reach USD 46.68 billion, exhibiting a CAGR of 22.86% during the forecast period. The growing integration of innovative technologies in drones such as artificial intelligence will have an excellent impact on the small drone market growth during the forecast period, states Fortune Business Insights in a report titled "Small Drone Market, 2021-2028." The market size stood at USD 9.31 billion in 2020 and USD 11.46 billion in 2021.

𝐆𝐞𝐭 𝐚 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭:
https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/small-drones-market-102227

𝐖𝐡𝐚𝐭 𝐝𝐨𝐞𝐬 𝐭𝐡𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 𝐈𝐧𝐜𝐥𝐮𝐝𝐞?
The market report includes a detailed assessment of various drivers and restraints, opportunities, and challenges that the market will face during the projected horizon. Additionally, the report provides comprehensive insights into the regional developments of the market, affecting its growth during the forecast period. It includes information sourced from the advice of expert professionals from the industry by our research analysts using several research methodologies. The competitive landscape offers further detailed insights into strategies such as product launches, partnerships, mergers and acquisitions, and collaborations adopted by the companies to maintain market stronghold between 2021 and 2028.

𝐓𝐡𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 𝐋𝐢𝐬𝐭𝐬 𝐭𝐡𝐞 𝐊𝐞𝐲 𝐂𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐒𝐦𝐚𝐥𝐥 𝐃𝐫𝐨𝐧𝐞 𝐌𝐚𝐫𝐤𝐞𝐭:
DJI (China)
3D Robotics (U.S.)
Parrot Drones (France)
AeroVironment Inc. (U.S.)
Kespry (U.S.)
Delair (France)
Textron (U.S.)
Autel Robotics (U.S.)
Yuneec (China)
Northrop Grumman (U.S.)
BAE Systems (U.K.)
Isreal Aerospace Industries Ltd. (Israel)
Elbit Systems Ltd. (Israel)
Zipline (U.S.)

𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐬:
Based on type, the market is divided into fixed-wing, hybrid wing, and rotary wing. The rotary-wing segment accounted for the highest share during the forecast period. The dominance is due to excellent aerial operations, easy vertical takeoff and landing, and high aerial photography efficiency. The market is segmented into less than 5 Kg, 5-25 Kg, and above 25-150 Kg based on Maximum Take-off Weight (MTOW).

The 5-25 Kg segment, also known as mini or Nano drones, dominated the market in 2020 and is expected to showcase exponential growth during the forecast period. Based on end-user, the market is segmented into military & defense, consumer, and commercial & civil. The market is divided into North America, Europe, Asia Pacific, and the rest of the world.

𝐀𝐬𝐤 𝐟𝐨𝐫 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧:
https://fortunebusinessinsights.com/enquiry/ask-for-customization/small-drones-market-102227

𝐃𝐫𝐢𝐯𝐞𝐫𝐬 & 𝐑𝐞𝐬𝐭𝐫𝐚𝐢𝐧𝐭𝐬
𝐈𝐧𝐜𝐫𝐞𝐚𝐬𝐢𝐧𝐠 𝐀𝐜𝐜𝐞𝐩𝐭𝐚𝐧𝐜𝐞 𝐨𝐟 𝐃𝐫𝐨𝐧𝐞𝐬 𝐢𝐧 𝐀𝐢𝐫 𝐋𝐨𝐠𝐢𝐬𝐭𝐢𝐜𝐬 𝐒𝐞𝐫𝐯𝐢𝐜𝐞𝐬 𝐭𝐨 𝐈𝐧𝐜𝐢𝐭𝐞 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭
The market is expected to increase due to rising need for lightweight and quicker delivery and transportation for logistics. Spicexpress, the cargo business of airline Spicejet, stated in June 2021 that a commercial drone delivery trial project will begin by the end of the year. Spicexpress, an air cargo company, and delivery, e-commerce logistics platform, have inked a memorandum of understanding (MOU) to develop drone delivery capabilities in India. Spicexpress' freight business is one of the major consortiums selected by the Directorate General of Civil Aviation (DGCA) to undertake experiments on beyond visual line of sight (BVLOS) drones in the U.S.

For the past few years, the economic potential of tiny drones has gained widespread attention across sectors. Drone autonomy is changing operating methods and enabling new commercial uses. Drones are widely utilized in industries such as media, entertainment, advertising, precision agriculture, real estate, surveying, construction, remote sensing, environmental monitoring, emergency management and disaster response, and forest monitoring. The commercial drone business, which includes drones used for anything from mapping vineyards to monitoring construction, fared far better in the face of the pandemic in 2020, rising 23 percent, up from 18 percent in 2018.
However, high costs of components and devices may hinder market growth.

𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬:
𝐈𝐧𝐜𝐫𝐞𝐚𝐬𝐞𝐝 𝐃𝐞𝐟𝐞𝐧𝐬𝐞 𝐁𝐮𝐝𝐠𝐞𝐭 𝐭𝐨 𝐀𝐮𝐠𝐦𝐞𝐧𝐭 𝐆𝐫𝐨𝐰𝐭𝐡 𝐢𝐧 𝐍𝐨𝐫𝐭𝐡 𝐀𝐦𝐞𝐫𝐢𝐜𝐚
Among all the regions, North America is expected to remain at the forefront and hold the highest position in the global small drone market share during the forecast period. This is attributable to the increasing focus by the U.S. Defense Services to upgrade its military that will propel the demand for advanced small drones for surveillance purposes across the region. North America stood at USD 4.50 billion in 2020.
The market in Europe is expected to showcase considerable growth backed by the surging demand for aerial photography, crop monitoring, and precise farming with the aid of technologically advanced small drones in the region between 2021 and 2028.

𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐋𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞
𝐄𝐦𝐢𝐧𝐞𝐧𝐭 𝐂𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬 𝐅𝐨𝐜𝐮𝐬 𝐨𝐧 𝐏𝐫𝐨𝐝𝐮𝐜𝐭 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭 𝐭𝐨 𝐁𝐫𝐢𝐠𝐡𝐭𝐞𝐧 𝐌𝐚𝐫𝐤𝐞𝐭 𝐏𝐫𝐨𝐬𝐩𝐞𝐜𝐭𝐬
The global market is consolidated by the presence of key players that are focusing on developing advanced small drones to cater to the growing demand from industrial applications such as healthcare, military, and aerospace. Additionally, the other major companies are adopting strategies such as partnership, merger and acquisition, and collaboration to maintain their presence that will bode well for the market growth in the forthcoming years.

𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭:
𝐀𝐮𝐠𝐮𝐬𝐭 𝟐𝟎𝟐𝟏: The Advanced Aircraft Company introduced a new gas-electric VTOL drone. With dual payloads and 3.5 hours of continual flight time, the system is now available on the market, following extensive beta testing.

𝐆𝐞𝐭 𝐚 𝐐𝐮𝐨𝐭𝐞:
https://www.fortunebusinessinsights.com/enquiry/get-a-quote/small-drones-market-102227

𝐑𝐞𝐚𝐝 𝐑𝐞𝐥𝐚𝐭𝐞𝐝 𝐑𝐞𝐩𝐨𝐫𝐭𝐬:

𝐂𝐨𝐦𝐦𝐞𝐫𝐜𝐢𝐚𝐥 𝐃𝐫𝐨𝐧𝐞 𝐌𝐚𝐫𝐤𝐞𝐭
https://www.fortunebusinessinsights.com/commercial-drone-market-102171

𝐏𝐮𝐬𝐡-𝐭𝐨-𝐓𝐚𝐥𝐤 𝐌𝐚𝐫𝐤𝐞𝐭
https://www.fortunebusinessinsights.com/industry-reports/push-to-talk-market-100079

𝐃𝐢𝐠𝐢𝐭𝐚𝐥 𝐒𝐡𝐢𝐩𝐲𝐚𝐫𝐝 𝐌𝐚𝐫𝐤𝐞𝐭
https://www.fortunebusinessinsights.com/digital-shipyard-market-106561

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This release was published on openPR.