Small Drones Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

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 and Civil

Breakup by Region:

North America
United States
South Korea
United Kingdom
Latin America
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?

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 Market Trends Market Forecast
9.1.2 Canada Market Trends Market Forecast
9.2 Asia-Pacific
9.2.1 China Market Trends Market Forecast
9.2.2 Japan Market Trends Market Forecast
9.2.3 India Market Trends Market Forecast
9.2.4 South Korea Market Trends Market Forecast
9.2.5 Australia Market Trends Market Forecast
9.2.6 Indonesia Market Trends Market Forecast
9.2.7 Others Market Trends Market Forecast
9.3 Europe
9.3.1 Germany Market Trends Market Forecast
9.3.2 France Market Trends Market Forecast
9.3.3 United Kingdom Market Trends Market Forecast
9.3.4 Italy Market Trends Market Forecast
9.3.5 Spain Market Trends Market Forecast
9.3.6 Russia Market Trends Market Forecast
9.3.7 Others Market Trends Market Forecast
9.4 Latin America
9.4.1 Brazil Market Trends Market Forecast
9.4.2 Mexico Market Trends Market Forecast
9.4.3 Others Market Trends 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. Company Overview Product Portfolio Financials SWOT Analysis
14.3.2 Autel Robotics Company Overview Product Portfolio
14.3.3 Delair Company Overview Product Portfolio
14.3.4 Elbit Systems Ltd. Company Overview Product Portfolio Financials
14.3.5 Israel Aerospace Industries Company Overview Product Portfolio
14.3.6 Lockheed Martin Corporation Company Overview Product Portfolio Financials SWOT Analysis
14.3.7 Microdrones GmbH Company Overview Product Portfolio
14.3.8 Raytheon Technologies Corporation Company Overview Product Portfolio Financials SWOT Analysis
14.3.9 SZ DJI Technology Co. Ltd. Company Overview Product Portfolio
14.3.10 Teledyne FLIR LLC Company Overview Product Portfolio Financials SWOT Analysis
14.3.11 Textron Inc. Company Overview Product Portfolio Financials SWOT Analysis
14.3.12 Thales Group Company Overview Product Portfolio Financials SWOT Analysis

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook
Cookie Settings