Small Drones Market Size, Share, Growth Analysis, 2032

Small Drones Industry Perspective

The global small drones market size was worth around USD 5.73 billion in 2023 and is predicted to grow to around USD 21.95 billion by 2032 with a compound annual growth rate (CAGR) of roughly 16.22% between 2024 and 2032.

The report covers forecasts and analyses for the small drone market on a global and regional level. The study provides historical data from 2018 to 2022 along with a forecast from 2024 to 2032 based on revenue (USD Billion). The study includes the drivers and restraints of the small drones market along with their impact on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the small drones market on a global level.

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This report includes a detailed competitive scenario and product portfolio of the key vendors. To understand the competitive landscape in the market, an analysis of Porter’s Five Forces Model for the market has also been included. The study encompasses a market attractiveness analysis, wherein all the segments are benchmarked based on their market size, growth rate, and general attractiveness.

Small Drones Market: Overview

Miniature and micro unmanned air vehicles (UAV) are considered as small drones or small unmanned air vehicles (SUAV). These UAVs are extensively compact and can be easily carried by an infantryman. These drones are often used by novice drone pilots who are discovering the UAV world.

Small Drones Market: Growth Factors

One of the major factors driving the small drones market globally is the increasing number of security concerns at the international level. In major events, these drones are highly preferred for surveillance applications in large cities. The growing demand for safety and surveillance applications is also accelerating the small drones market to a great extent. In order to precisely gather accurate sensitive data by using advanced drones, shortage of skilled drone pilots is observed for both military and commercial purposes. This dearth of skilled workforce is restraining this global market to some extent. Moreover, the rise in the demand for small drones for aerial remote sensing and federal applications are anticipated to generate new market opportunities over the forecast timeframe.

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Global Small Drones Market Size: Segmentation

The global small drones market is fragmented based on product, maximum takeoff weight (MTOW), size, application, and region. All the segments have been analyzed based on present and future trends and the market is estimated from 2024 to 2032.

The worldwide small drones market is classified based on product, maximum takeoff weight, size, and application.

The product segment includes hybrid/transitional, rotary wing, and fixed wing. The fixed wing segment is projected to attain a substantial market share in the future, as these drones can cover a wide area in short duration along with showing high endurance. Therefore, these drones are highly preferred for military applications.

By maximum takeoff weight, the market includes 25 to 150 kilograms, 5 to 25 kilograms, and less than 5 kilograms.

By size, the small drones market comprises micro and mini. Numerous countries globally are significantly opting for micro drones for various military missions.

The application segment includes healthcare, military, civil and commercial, consumer, and homeland security. The military segment will hold a notable market share by the end of 2023. Many developing economies are investing in small drone development with the motive of enhancing their respective military surveillance capability.

Small Drones Market: Report Scope

Small Drones Market: Regional Analysis

The regional segment includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. The Asia Pacific region is poised for explosive growth in the small drone market, driven primarily by a surge in military demand. Several Asian economies, including India, Japan, and China, have been steadily increasing their military budgets in recent years. This influx of funding is specifically fueling the acquisition of small drones for various military applications, propelling the market forward in the Asia Pacific.

Small Drones Market: Competitive Analysis

The global small drones market is dominated by players like:

• Lockheed Martin Corporation
• Textron
• AeroVironment
• 3D Robotics
• The Boeing Company
• BAE Systems
• Thales Group
• Parrot
• Elbit Systems
• SAAB
• Israel Aerospace Industries

This report segments the global small drones market into:

Small Drones Market: Product Analysis

• Fixed Wing
• Hybrid/Transitional
• Rotary Wing

Small Drones Market: Maximum Takeoff Weight (MTOW) Analysis

• Less Than 5 Kilograms
• 5 to 25 Kilograms
• 25 to 150 Kilograms

Small Drones Market: Size Analysis

• Micro
• Mini

Small Drones Market: Application Analysis

• Civil and Commercial
• Military
• Consumer
• Homeland Security

Small Drones Market: Regional Analysis

• North America
  • The U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• Middle East and Africa