The report "Small Drone Market by Platform (Civil & Commercial and Defense & Government), Type (Fixed Wing, Rotary Wing, and Hybrid), Application, Mode of Operation, Power Source (Fully Powered, Battery Powered) & Region - Global Forecast to 2027" The small drone market is projected to grow from USD 3.8 billion in 2022 to USD 6.2 Billion by 2027, at a CAGR of 10.1% from 2022 to 2027. The market growth can be attributed to growing demand for small patrolling drones for marine border security.
Browse 409 market data Tables and 64 Figures spread through 334 Pages and in-depth TOC on "Small Drone Market by Platform (Civil & Commercial and Defense & Government), Type (Fixed Wing, Rotary Wing, and Hybrid), Application, Mode of Operation, Power Source (Fully Powered, Battery Powered) & Region - Global Forecast to 2027 "
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/small-uav-market-141134567.html
The growth of the market across the globe can be attributed to surging adoption of small drones in civil and military applications. Small drones are being extensively used in various commercial applications, such as photography, product and medicine delivery, 3D mapping, data transmission, and inspection & monitoring in confined spaces. They are also used in the agriculture, real estate, and oil & gas industries. In the agricultural industry, the use of small drones has led to the evolution of precision farming, which has enabled farmers to monitor the health of crops, keep track of irrigation equipment, and identify different types of weeds, among others. Moreover, using drones for photography has become commonplace.
Drones are simple to operate and can be purchased for less than USD 500. Because they take advantage of advanced digital techniques, drones can deliver beautiful, high-quality aerial photos and videos. One of the main uses of drone photography is mapping. Drone photographers use both vertical and oblique photographs for planning land-use projects, movie production, environmental studies, archaeology, power line inspection, oil & gas surveying, surveillance, commercial advertising, and even art projects. Furthermore, drones are particularly important for inspecting difficult-to-reach locations at certain altitudes or in contaminated surroundings. The use of drones has modernized the telecommunication tower scrutiny as they can be used to carry out supervision of these towers cost-effectively and in less time. Drones can also be employed for aerial evaluation of buildings and other infrastructures, such as pipelines, electric grids, offshore plants, and solar plates.
Based on platform, the defense & government segment is anticipated to record the highest growth rate during the forecast period
Based on platform, the small drone market has been segmented into civil & commercial and defense & government. The civil & commercial segment is further segmented into micro and small. Whereas the defense & government segment is further classified into nano, micro, and mini. Presently, governments of different countries worldwide are using drones for law enforcement and governance applications due to their compactness and quick services.
Drones are used in the defense sector to provide battlefield intelligence. Nowadays, the armed forces of different countries across the globe do not rely completely on human scouts for information gathering. They use drones, as these drones can remain almost invisible to enemy forces. Drones help monitor enemy forces or specific areas and send video feeds to the concerned ground stations with the help of GPS. These drones are used in ISR operations to record information about potential targets that are otherwise difficult to detect. WASP, developed by US-based AeroVironment and the Defense Advanced Research Projects Agency (DARPA), is deployed on battlefields to carry out surveillance and reconnaissance activities. In July 2022, a drone rolled out across Spanish beaches saved the life of a 14-year-old boy as he struggled against a powerful current.
Based on application, the commercial segment is estimated to register large share in the base year
Based on application, the small drone market has been classified into military, commercial, government & law enforcement, and consumer. The use of small drones has been prevalent among defense forces worldwide for a long time. However, in recent times, several investments have been made by public and private sector organizations in developing new and sophisticated UAVs according to their requirements.
The potential of UAVs to be used in several prospective applications in the civil & commercial sector has led to advancements in small drones. The civil & commercial application segment of the small drone market is projected to grow significantly in the next 10 years. For instance, small drones are employed in Japan to spray pesticides on farms. Amazon (US) plans to use small drones for product delivery in the coming decade. There have been significant R&D investments in small drones, which have widened their applicability in mining, surveying, and 3D mapping, along with oil & gas exploration, film industry, etc.
The Asia Pacific region is projected to be high growth potential markets for the small drone during the forecast period.
Asia Pacific is known as a global leader in technology and innovation. In recent times, it has been the fastest-growing technology companies based on percentage revenue growth over three years. China, Malaysia, South The growth of the small drone market in Asia Pacific can be attributed to the rise in military spending (both in defense and homeland security) of countries in the region to enhance their defense capabilities. Moreover, political tensions in Asia Pacific have led to the deployment of drones to ensure the security of national borders. This serves to be one of the most significant factors driving the growth of the small drone market in the region.
The small drone market in Asia Pacific has witnessed significant growth, which can be attributed to innovations in UAV technology, low-cost manufacturing of UAV parts, and increased demand for doorstep deliveries. China, India, Japan, Australia, and South Korea contribute to the growth of the small drone market in Asia Pacific.
The major players include DJI (China), Parrot Drone SAS (France), Israel Aerospace Industry Ltd. (Israel), AeroVironment, Inc. (US), and Lockheed Martin Corporation (US).
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Mr. Aashish Mehra
630 Dundee Road
Northbrook, IL 60062
USA : 1-888-600-6441
This FREE sample includes market data points, ranging from trend analyses to market estimates & forecasts. See for yourself.SEND ME A FREE SAMPLE