Global Small Drone Market Segments 2024, Forecast To 2033
5 Mar, 2024
The small drone market has exhibited rapid growth, increasing from $5.16 billion in 2023 to $5.84 billion in 2024, with a CAGR of 13.2%. This expansion is linked to consumer adoption and cost reduction in drone manufacturing. Anticipated rapid growth projects the market size to reach $9.43 billion in 2028, sustaining a CAGR of 12.7%. Key trends include urban air mobility and advancements in camera technology.
Global Small Drone Market Key Driver
The small drone market is experiencing growth driven by rising military and defense expenditure. Global military drone R&D and procurement spending is anticipated to increase by nearly 30% from $11.1 billion in 2020 to $14.3 billion in 2029. The focus on military capabilities, including reconnaissance and surveillance, is a crucial factor propelling the growth of the small drone market.
Get A Free Sample Of The Global Small Drone Market ReportGlobal Small Drone Market Segments
The small drone market covered in this report is segmented –
1) By Type: Fixed Wing, Rotary Wing
2) By Operation: Remotely Piloted, Optionally Piloted, Fully Autonomous
3) By Power source: Fuel, Battery
4) By Application: Military, Commercial
By Geography: The regions covered in the anti inflammatory therapeutics market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions.
Asia-Pacific was the largest region in the small drone market in 2023. Asia-Pacific is expected to be the fastest-growing region in the small drone market report during the forecast period. The regions covered in the small drone market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Small Drone Industry Players
Dai-Jing Innovations; Parrot SA; AeroVironment; Elbit Systems; lockheed Martin Corporation; Israel Aerospace Industry Limited; BAE Systems plc; 3D Robotics; Textron Inc.; Saab AB; Delair; Yuneec International; Applied Aeronautics; The Boeing Company; Thales Group; Skydio; Autel Robotics; Airobotics; BRINC DronesLLC.; Citadel Defense Company; Corvus Robotics; Dedrone; DroneDeploy; DroneUp; DroneSeed; DroneSense; Propeller Aero; SkyCatch; Skyword; Valqari; Volansi; WiBotic; Wing; Zipline; Censys; Inspired Flight; Skyfish; Hitec Commercial Solutions; Vantage Robotics; RangePro X8P; C-Astral Aerospace
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AIOps Small Drone Market Overview
Small drones refer to drones that travel up to 90 miles and are used primarily for espionage and intelligence gathering. The wings of these drones are usually fixed and can be easily lifted by the arm and thrown into the air.
Small Drone Global Market Report 2023 provides data on the global small drone market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The small drone market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.