Small Drones Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Description
Small Drones Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Market Overview:
The global small drones market size reached US$ 10.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 24.2 Billion by 2028, exhibiting a growth rate (CAGR) of 15% during 2023-2028.
Small drones are miniature unmanned aerial vehicles (UAVs) that can be remotely piloted or flown autonomously using a predetermined flight plan. They include nano and micro drones with fixed, rotary, or hybrid wings. Small drones are widely used in aerial photography, three-dimensional (3D) mapping, surveillance, scientific research, inspection, precision agriculture, media coverage, and remote sensing applications. As compared to traditional drones, small drones are more cost-effective, lightweight, highly efficient, easy to handle, and safe to operate indoors and across inaccessible areas. As a result, they find extensive applications in the media and entertainment, defense, agriculture, government, aerospace, e-commerce, and construction industries.
Small Drones Market Trends:
The widespread product utilization in the military and defense industry across the globe is creating a positive outlook for the market. Small drones are widely used for surveillance, reconnaissance, intelligence gathering, battle damage management, and counter-terrorism operations. Furthermore, increasing product demand for law and enforcement applications, such as traffic monitoring, border management, firefighting, disaster management, maritime security, and rescue operation, is providing a considerable boost to market growth. Additionally, the development of artificial intelligence (AI)-based small drones with automation capabilities, improved power management, and enhanced maneuverability is providing an impetus to market growth. In line with this, the introduction of light detection and ranging (LIDAR) technology that collects data and is used to make detailed three-dimensional (3D) models for several industries is positively influencing the market growth. Other factors, including widespread product adoption in air logistics services, increasing utilization of small drones for recreational activities, rising demand in scientific exploration projects, and extensive research and development (R&D) activities to enhance the cost-effectiveness and operational life of the device, are anticipated to drive the market toward growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global small drones market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on size, type and application.
Breakup by Size:
Nano Drones
Micro Drones
Breakup by Type:
Fixed Wing
Rotary Wing
Breakup by Application:
Military and Defense
Consumer
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
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Aerovironment Inc., Autel Robotics, Delair, 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.
Key Questions Answered in This Report:
How has the global small drones market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global small drones market?
What are the key regional markets?
What is the breakup of the market based on the size?
What is the breakup of the market based on the type?
What is the breakup of the market based on the application?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global small drones market and who are the key players?
What is the degree of competition in the industry?
Table of Contents
147 Pages
- 1 Preface
- 2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
- 3 Executive Summary
- 4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
- 5 Global Small Drones Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
- 6 Market Breakup by Size
- 6.1 Nano Drones
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Micro Drones
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 7 Market Breakup by Type
- 7.1 Fixed Wing
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Rotary Wing
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 8 Market Breakup by Application
- 8.1 Military and Defense
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Consumer
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Consumer and Civil
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
- 9 Market Breakup by Region
- 9.1 North America
- 9.1.1 United States
- 9.1.1.1 Market Trends
- 9.1.1.2 Market Forecast
- 9.1.2 Canada
- 9.1.2.1 Market Trends
- 9.1.2.2 Market Forecast
- 9.2 Asia-Pacific
- 9.2.1 China
- 9.2.1.1 Market Trends
- 9.2.1.2 Market Forecast
- 9.2.2 Japan
- 9.2.2.1 Market Trends
- 9.2.2.2 Market Forecast
- 9.2.3 India
- 9.2.3.1 Market Trends
- 9.2.3.2 Market Forecast
- 9.2.4 South Korea
- 9.2.4.1 Market Trends
- 9.2.4.2 Market Forecast
- 9.2.5 Australia
- 9.2.5.1 Market Trends
- 9.2.5.2 Market Forecast
- 9.2.6 Indonesia
- 9.2.6.1 Market Trends
- 9.2.6.2 Market Forecast
- 9.2.7 Others
- 9.2.7.1 Market Trends
- 9.2.7.2 Market Forecast
- 9.3 Europe
- 9.3.1 Germany
- 9.3.1.1 Market Trends
- 9.3.1.2 Market Forecast
- 9.3.2 France
- 9.3.2.1 Market Trends
- 9.3.2.2 Market Forecast
- 9.3.3 United Kingdom
- 9.3.3.1 Market Trends
- 9.3.3.2 Market Forecast
- 9.3.4 Italy
- 9.3.4.1 Market Trends
- 9.3.4.2 Market Forecast
- 9.3.5 Spain
- 9.3.5.1 Market Trends
- 9.3.5.2 Market Forecast
- 9.3.6 Russia
- 9.3.6.1 Market Trends
- 9.3.6.2 Market Forecast
- 9.3.7 Others
- 9.3.7.1 Market Trends
- 9.3.7.2 Market Forecast
- 9.4 Latin America
- 9.4.1 Brazil
- 9.4.1.1 Market Trends
- 9.4.1.2 Market Forecast
- 9.4.2 Mexico
- 9.4.2.1 Market Trends
- 9.4.2.2 Market Forecast
- 9.4.3 Others
- 9.4.3.1 Market Trends
- 9.4.3.2 Market Forecast
- 9.5 Middle East and Africa
- 9.5.1 Market Trends
- 9.5.2 Market Breakup by Country
- 9.5.3 Market Forecast
- 10 SWOT Analysis
- 10.1 Overview
- 10.2 Strengths
- 10.3 Weaknesses
- 10.4 Opportunities
- 10.5 Threats
- 11 Value Chain Analysis
- 12 Porters Five Forces Analysis
- 12.1 Overview
- 12.2 Bargaining Power of Buyers
- 12.3 Bargaining Power of Suppliers
- 12.4 Degree of Competition
- 12.5 Threat of New Entrants
- 12.6 Threat of Substitutes
- 13 Price Analysis
- 14 Competitive Landscape
- 14.1 Market Structure
- 14.2 Key Players
- 14.3 Profiles of Key Players
- 14.3.1 Aerovironment Inc.
- 14.3.1.1 Company Overview
- 14.3.1.2 Product Portfolio
- 14.3.1.3 Financials
- 14.3.1.4 SWOT Analysis
- 14.3.2 Autel Robotics
- 14.3.2.1 Company Overview
- 14.3.2.2 Product Portfolio
- 14.3.3 Delair
- 14.3.3.1 Company Overview
- 14.3.3.2 Product Portfolio
- 14.3.4 Elbit Systems Ltd.
- 14.3.4.1 Company Overview
- 14.3.4.2 Product Portfolio
- 14.3.4.3 Financials
- 14.3.5 Israel Aerospace Industries
- 14.3.5.1 Company Overview
- 14.3.5.2 Product Portfolio
- 14.3.6 Lockheed Martin Corporation
- 14.3.6.1 Company Overview
- 14.3.6.2 Product Portfolio
- 14.3.6.3 Financials
- 14.3.6.4 SWOT Analysis
- 14.3.7 Microdrones GmbH
- 14.3.7.1 Company Overview
- 14.3.7.2 Product Portfolio
- 14.3.8 Raytheon Technologies Corporation
- 14.3.8.1 Company Overview
- 14.3.8.2 Product Portfolio
- 14.3.8.3 Financials
- 14.3.8.4 SWOT Analysis
- 14.3.9 SZ DJI Technology Co. Ltd.
- 14.3.9.1 Company Overview
- 14.3.9.2 Product Portfolio
- 14.3.10 Teledyne FLIR LLC
- 14.3.10.1 Company Overview
- 14.3.10.2 Product Portfolio
- 14.3.10.3 Financials
- 14.3.10.4 SWOT Analysis
- 14.3.11 Textron Inc.
- 14.3.11.1 Company Overview
- 14.3.11.2 Product Portfolio
- 14.3.11.3 Financials
- 14.3.11.4 SWOT Analysis
- 14.3.12 Thales Group
- 14.3.12.1 Company Overview
- 14.3.12.2 Product Portfolio
- 14.3.12.3 Financials
- 14.3.12.4 SWOT Analysis
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