Global Small Drone Market Size, Share, Growth Analysis, By Product(Less than 5kg, 5-25kg), By Maximum Takeoff weight(Fuel powered and Battery powered) - Industry Forecast 2023-2030

Small Drone Market size was valued at USD 4.1 billion in 2021 and is poised to grow from USD 4.58 billion in 2022 to USD 10.93 billion by 2030, growing at a CAGR of 11.5% in the forecast period (2023-2030).

Small drones are cutting-edge devices that pack a lot of functionality into a small package. They are anticipated to develop into a significant military tool in the future. Due to their numerous business uses, these little unmanned aircraft are also gaining popularity. For aerial cinematography and photography, a small UAV outfitted with a high-resolution camera, GPS, and sensors is frequently utilized. During the forecast period, the market is expected to rise due to the widespread use of small drones. They are an important tool in many industries because of their increased productivity, great accuracy in image capture, and enhanced labor efficiency.

Top-down and bottom-up approaches were used to estimate and validate the size of Small Drone Food and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined by using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Segments Covered in this video

The small drones market is divided based on type analysis, maximum takeoff weight analysis, end use analysis, mode of operation analysis, power house analysis, and area analysis. In contrast, type analysis is further divided into fixed, hybrid, and rotary wings. The maximum take-off weight is divided into three categories: less than 5 kg, 5 to 25 kg, and more than 25 kg. Consumer, Commercial, and Civil, Military & Defense, and End Use are the sub-segments within this category. Fully autonomous, optionally piloted, and remotely piloted operations are subdivided under mode off operation. Fuel-powered and battery-powered power houses are subdivided by the power house. The Small Drone Market is divided into five geographic segments: Latin America, North America, Europe, Asia Pacific, and the Middle East and Africa.

Driver

Government Regulations to Bolster Market Growth

To promote the use of smaller drones, the Federal Aviation Administration (FAA) unveiled a new regulation in 2020 dubbed the "Small Unmanned Aircraft Systems (UAS) Regulations (Part 107)". Small drones under 55 pounds that are utilized for commercial and governmental purposes are specifically covered by the regulation. The new law will make it simpler for drone users to register their equipment and operate it securely. Additionally, it will increase drone safety by ensuring that users are aware of and adhere to recommended safety procedures.

Restraints

Restrictions to Hinder Market Growth

The limited usage of tiny drones in civilian airspace, according to the Air Traffic Control Association (ATCA) (US), is impeding market expansion in the country. Small commercial drones are currently prohibited from operating in civil airspace unless they have been granted an exception. Companies that are testing or displaying drones generally receive these exemptions.

Market Trend

Drone-based LIDAR represents a significant technological advancement in the drone industry. LIDAR technology employs specialized sensors that emit beams of light, which are directed towards the ground and subsequently reflected back to the sensor. By measuring and recording the distance between the emitted laser and the sensor, LIDAR enables the creation of highly detailed 3D maps and models of various features, including landscapes, buildings, and man-made structures. This innovative technology finds applications in both military and commercial sectors, proving instrumental in generating comprehensive and accurate data for mapping and surveying missions. Its implementation has also opened up new avenues for creative exploration, enhancing the capabilities and precision of aerial surveying and planning endeavors.