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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Increasing Military Expenditure to Bolster the Small Drones Market Growth
The global market for small drones is being driven by the rising usage of small drones for various commercial and military applications. This can be associated with the compact design of the drone, improved efficiency, enhanced flexibility, and high accuracy, among other features, that aids in boosting productivity. In addition, small-sized drones are commonly available in a variety of shapes and configurations, which enables them to reach closed and confined places, proving beneficial in military and surveillance applications.
The defence sector is one of the major applications of small drones owing to robust investments in the sector by various governments to enhance national security. Small drones for military use are equipped with advanced sensors, cameras, and progressive, user-friendly digital software. In addition, the development of pocket-sized drones by leading manufacturers with strong hardware and lightweight structure, enhanced battery life, and fast speed, are advantageously influencing the market. With growing concerns regarding international conflicts, domestic disputes, and terrorism, countries across the globe are robustly spending on their defence and military systems, increasing the demand for small drones.
Small Drones Market Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The global market for small drones is projected to grow at a CAGR of 13% in the forecast period of 2024-2032.
The market is being driven by the robust military expenditure on small drones for defence purposes and increasing usage in commercial applications such as monitoring, precision agriculture, and product delivery.
The key small drones market trends include advancements in small drone technology, rising use by various governments, increasing accessibility, and integration of advanced sensors and cameras with the small drones.
The major regional markets for small drones are North America, Latin America, the Asia Pacific, Europe, and the Middle East and Africa.
The different types of small drones in the market are fixed-wing drones, rotary-wing drones, and hybrid/transitional drones.
The various power sources of small drones are lithium-ion, solar cell, fuel cell, and hybrid cell.
The primary sizes of small drones in the market are mini drones, and micro/nano drones.
The significant applications of small drones are commercial and defence.
The major players in the market, according to the report, are Aerovironment, Inc., Lockheed Martin Corporation, Aeronautics Ltd., Thales Group, Elbit Systems, Ltd., BAE Systems, Teledyne FLIR LLC, SZ DJI Technology Co., Ltd., Parrot Drone SAS, Autel Robotics, BAE Systems, Skydio, Inc, Delair, and Guangzhou Walkera Technology Co., Ltd., among others.
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