Small Drone Market Report: Trends, Forecast and Competitive Analysis to 2030

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.

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?