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Small Drone Trends and Forecast
The future of the global small drone market looks promising with opportunities in the military, commercial, government & law, and consumer applications. The global small drone market is expected to reach an estimated $28.3 billion by 2030 with a CAGR of 13.5% from 2024 to 2030. The major drivers for this market are growing demand for these drones for air logistics services, significant use of this device in scientific exploration projects, and introduction of AI and automated technology based swarn drones.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Small Drone by Segment
The study includes a forecast for the global small drone by power source, mode of operation, type, application, and region.
Small Drone Market by Power Source [Shipment Analysis by Value from 2018 to 2030]:
• Fuel Powered
• Battery Powered
Small Drone Market by Mode of Operation [Shipment Analysis by Value from 2018 to 2030]:
• Remotely Piloted
• Optionally Piloted
• Fully Autonomous
Small Drone Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Fixed Wing
• Rotary Wing
• Hybrid
Small Drone Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Military
• Commercial
• Government & Law
• Consumer
• Others
Small Drone Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Small Drone Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies small drone companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the small drone companies profiled in this report include-
• DJI
• Parrot Drone
• Israel Aerospace Industry
• AeroVironment
• Lockheed Martin
• Bae Systems
• Autel Robotics
• Teledyne
Small Drone Market Insights
Lucintel forecasts that battery powered is expected to witness highest growth over the forecast period due to its growing popularity among consumers owing to its qualities such as quieter operation, ease of use, portability, and environmental friendliness.
Within this market, commercial is expected to witness highest growth over the forecast perioddue to significant use of small drones in renewable energy and oil & gas sector.
APAC is expected to witness highest growth over the forecast period due to growing popularity of drone racing and other recreational activities and presence of key manufacturer and consumer in the region.
Features of the Global Small Drone Market
Market Size Estimates: Small drone market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Small drone market size by power source, mode of operation, type, application, and region in terms of value ($B).
Regional Analysis: Small drone market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different power sources, mode of operations, types, applications, and regions for the small drone market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the small drone market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q.1 What is the small drone market size?
Answer: The global small drone market is expected to reach an estimated $28.3 billion by 2030.
Q.2 What is the growth forecast for small drone market?
Answer: The global small drone market is expected to grow with a CAGR of 13.5% from 2024 to 2030.
Q.3 What are the major drivers influencing the growth of the small drone market?
Answer: The major drivers for this market are growing demand for these drones for air logistics services, significant use of this device in scientific exploration projects, and introduction of AI and automated technology based swarn drones.
Q4. What are the major segments for small drone market?
Answer: The future of the small drone market looks promising with opportunities in the military, commercial, government & law, and consumer applications.
Q5. Who are the key small drone market companies?
Answer: Some of the key small drone companies are as follows:
• DJI
• Parrot Drone
• Israel Aerospace Industry
• AeroVironment
• Lockheed Martin
• BAE Systems
• Autel Robotics
• Teledyne
Q6. Which small drone market segment will be the largest in future?
Answer: Lucintel forecasts that battery powered is expected to witness highest growth over the forecast period due to its growing popularity among consumers owing to its qualities such as quieter operation, ease of use, portability, and environmental friendliness.
Q7. In small drone market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period due to growing popularity of drone racing and other recreational activities and presence of key manufacturer and consumer in the region.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the small drone market by power source (fuel powered and battery powered), mode of operation (remotely piloted, optionally piloted, and fully autonomous), type (fixed wing, rotary wing, and hybrid), application (military, commercial, government & law, consumer, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Small Drone Market, Small Drone Market Size, Small Drone Market Growth, Small Drone Market Analysis, Small Drone Market Report, Small Drone Market Share, Small Drone Market Trends, Small Drone Market Forecast, Small Drone Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Small Drone Market: Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Small Drone Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Small Drone Market by Power Source
3.3.1: Fuel Powered
3.3.2: Battery Powered
3.4: Global Small Drone Market by Mode of Operation
3.4.1: Remotely Piloted
3.4.2: Optionally Piloted
3.4.3: Fully Autonomous
3.5: Global Small Drone Market by Type
3.5.1: Fixed Wing
3.5.2: Rotary Wing
3.5.3: Hybrid
3.6: Global Small Drone Market by Application
3.6.1: Military
3.6.2: Commercial
3.6.3: Government & Law
3.6.4: Consumer
3.6.5: Others
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Small Drone Market by Region
4.2: North American Small Drone Market
4.2.2: North American Small Drone Market by Application: Military, Commercial, Government & Law, Consumer, and Others
4.3: European Small Drone Market
4.3.1: European Small Drone Market by Power Source: Fuel Powered and Battery Powered
4.3.2: European Small Drone Market by Application: Military, Commercial, Government & Law, Consumer, and Others
4.4: APAC Small Drone Market
4.4.1: APAC Small Drone Market by Power Source: Fuel Powered and Battery Powered
4.4.2: APAC Small Drone Market by Application: Military, Commercial, Government & Law, Consumer, and Others
4.5: ROW Small Drone Market
4.5.1: ROW Small Drone Market by Power Source: Fuel Powered and Battery Powered
4.5.2: ROW Small Drone Market by Application: Military, Commercial, Government & Law, Consumer, and Others
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Small Drone Market by Power Source
6.1.2: Growth Opportunities for the Global Small Drone Market by Mode of Operation
6.1.3: Growth Opportunities for the Global Small Drone Market by Type
6.1.4: Growth Opportunities for the Global Small Drone Market by Application
6.1.5: Growth Opportunities for the Global Small Drone Market by Region
6.2: Emerging Trends in the Global Small Drone Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Small Drone Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Small Drone Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: DJI
7.2: Parrot Drone
7.3: Israel Aerospace Industry
7.4: AeroVironment
7.5: Lockheed Martin
7.6: BAE Systems
7.7: Autel Robotics
7.8: Teledyne
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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