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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Commercial Applications to Hold a Significant Small Drones Market Share
Commercial applications of small drones are expected to occupy a significant share in the overall market over the coming years. This is attributable to the rising utility of small drones by the e-commerce industry for delivery. Usage of small drones for delivery purposes enables faster deliveries and lower costs as traffic and travelling costs can be avoided.
The rising popularity of small drones for agricultural purposes, such as crop and livestock monitoring, irrigation management, and fertilisation, among others, are further augmenting the growth of the market for small drones. Characteristics such as lightweight structure, ease in portability, and safety are some of the factors positively influencing the small drones market value.
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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