Small Drone Market Share, Size, Trends, Industry Analysis Report, By Platform; By Type; By Application; By Mode of Operation; By Power Source (Fuel Powered, Battery Powered); By Region; Segment Forecast, 2022 - 2030
- Published Date:Oct-2022
- Pages: 118
- Format: PDF
- Report ID: PM2709
- Base Year: 2021
- Historical Data: 2018-2020
Report Outlook
The global small drone market was valued at USD 3.68 billion in 2021 and is expected to grow at a CAGR of 11.5% during the forecast period. The growing demand for the small drone is expected to be driven by the increasing demand for improved surveillance in commercial & defense sectors and rising government investment in small drone technology advancement.
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Small drones are replacing military aircraft as they are better at reconnaissance and are controlled automatically by computers or remotely by people, driving their importance in the defense industry. In addition, this unmanned aerial vehicle (UAV) operates for a longer time, up to 30 hours, and doesn't require refueling, increasing demand in the military & defense sector.
Moreover, they have wide applications in commercial sectors such as medical and product delivery, agriculture monitoring, wildlife, atmospheric research, and aerial remote sensing, which are expected to impact the market positively.
The COVID-19 pandemic had a significant impact on the small drone market. The reduction in R&D investment resulted in declination in the production of drone components. Furthermore, the shortage of raw materials disrupted the supply chain owing to the stringent government rules and lockdowns around the globe, which impacted the market's revenue.
Moreover, small drones were also used for many medical purposes during the pandemic; owing to their compact nature and high endurance, they could carry a heavy load and cover significant areas. In addition, vaccines, blood, and PPE kit delivery were feasible in low- and middle-income countries, and technical inspection with contactless performance was also made possible, alleviating the market.
Small drones have a wide application in the military and defense sector and are a sophisticated technology that runs on various algorithms and programs. Thus, this technology is vulnerable to hackers, where private information can be leaked and retrieved, and the drone's control system could be hacked, which is one of the major factors restraining the market growth.
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Industry Dynamics
Growth Drivers
The global small drone market is likely to be driven by the Asia Pacific owing to its easy controlling or deployable nature and increasing utilization in commercial, consumer, and military sectors in India, Japan, and China. Furthermore, the technological advancement in small drones with features like obstacle avoidance, face & objection recognition, 4k quality, and GPS create demand in customers and companies, eventually fueling the market growth.
Moreover, small drones are effectively being used in defense, construction, and mining activities for surveillance, but the use of Agri-drones has comparatively increased in agriculture. Crop surveillance is a primary factor for the adoption of drones which is expected to propel the market growth.
Drone technology has enabled to take close-up images, overview the field and generate crop reports within minutes, increasing the demand for small drones and fueling the market growth. For instance, SkippyScout capture high-resolution images, which helps to spot stem canker and Phoma to reduce the damage in the crop; these factors support the market growth.
Report Segmentation
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By Platform |
By Type |
By Application |
By Mode of Operation |
By Power Source |
By Region |
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Civil and commercial segment is expected to grow at a higher CAGR in 2021
The civil and commercial segment is expected to grow at a higher CAGR during the forecast period owing to its low maintenance cost, high mobility, and easy deployment. In addition, the growing adoption of small drones for various commercial projects, such as in agriculture, medical, law & enforcement, wildlife monitoring, aerial photography, construction, and transportation purposes, is expected to drive the market's growth.
Moreover, the growing demand for water and power utility infrastructure is also creating a lucrative opportunity that is expected to boost market growth.
Fixed-wing segment are expected to spearhead the market growth
The demand for the fixed-wing segment is rising owing to its high endurance, mobility, and efficiency. In addition, this drone type works majorly on vertical take-off and landing (VTOL), which makes it energy-efficient, flexible, and highly maneuverable, which is the primary reason for driving the market growth. Moreover, fixed-wing drones can cover large distances, long-range, and hover for longer periods, which is likely to complement market growth.
Military segment is expected to lead the market
The military sector is expected to dominate the market over the forecast period owing to the growing global tension among countries and increasing R&D investment to strengthen military forces. The heavy payload capacity of small drones has increased the demand to resupply on the battlefield. Moreover, artificial intelligence-equipped drones are in huge demand as they provide navigation and proper guidance and are helpful in target identification from higher altitude, which is expected to drive the market over the forecast period.
Fully autonomous segment is expected to witness faster growth
The fully autonomous segment is expected to witness the fastest growth over the forecast period owing to its higher power capacity and flexibility. In addition, this drone can operate at higher altitudes with less human intervention and has improved propulsion, higher endurance, and large cargo capacity, which is a significant factor in fueling the market growth. Moreover, due to its cost-effectiveness, it is used in various applications ranging from medical delivery to defense operations which is expected to have a positive impact on the market growth over the forecast period.
Battery powered segment is expected to account for the largest share in 2030
Battery powered segment is expected to account for the largest share over the forecast period owing to the feasibility with which it is operated and is less noisy compared to turbo engine drones. In addition, lithium-ion batteries are in high demand due to their flexible design, high-energy, and high-power density, which is expected to show evolution in small drones and drive market growth.
Moreover, the adoption of the battery-powered source is increasing because of the long-life cycle and ability to operate in extreme conditions with a single-power battery which positively impacts the revenue growth over the forecast period.
Asia Pacific is expected to dominate and witness fastest growth over the forecast period
The Asia Pacific is the largest region for small drones and is expected to witness faster growth over the forecast period owing to the growing adoption in the commercial and military sectors. In addition, several government initiatives for encouraging investments in drone technology and a rise in defense expenditure due to the increasing incidence of terrorism in regions like China, India, and Japan are expected to drive demand over the forecast period.
Moreover, the small drone has created a lucrative opportunity. Many manufacturers are increasing their focus on developing drones that can operate in different temperatures and environmental conditions with long-life batteries, which will contribute to the revenue growth of the market.
Competitive Insight
Some of the major players operating in the global market include Aeronautics Group, Aerovironment Inc., Autel Intelligent Technology Co., Bae Systems Plc, Elbit Systems Ltd, Holy Stone, Israel Aerospace Industries Ltd., Lockheed Martin Corp., Microdrones Gmbh, Northrop Greumman Corp., Parrot Drones SAS, Precisionhawk Inc., Raytheon Technologies Corp., Saab Ab, Shenzhen Hubsan Technology Co.Ltd., Skydio Inc., SZ DJI Technology Co. Ltd., Teledyne Technologies Inc., Textron Inc., Thales Group, And Turkish Aerospace Industries Inc.
Recent Developments
In July 2022, Textron Inc launched its new product named Aerosonde Mk. 4.8 Hybrid Quad SUAS, which is used to accomplish VTOL and is primarily designed to meet the needs of army ISR missions.
In May 2022, DJI launched a new ultra-lightweight camera that weighs under 249 grams called Mini 3 Pro, which has image versatility and better battery life with intelligence features.
Small Drone Market Report Scope
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Report Attributes |
Details |
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Market size value in 2022 |
USD 4.00 billion |
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Revenue forecast in 2030 |
USD 9.55 billion |
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CAGR |
11.5% from 2022 – 2030 |
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Base year |
2021 |
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Historical data |
2018 – 2020 |
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Forecast period |
2022 – 2030 |
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Quantitative units |
Revenue in USD billion and CAGR from 2022 to 2030 |
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Segments Covered |
By Platform, By Type, By Application, By Mode of Operation, By Power Source, By Region |
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Regional scope |
North America, Europe, Asia Pacific, Latin America; Middle East & Africa |
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Key Companies |
Aeronautics Group, Aerovironment Inc., Autel Intelligent Technology Co., Bae Systems Plc, Elbit Systems Ltd, Holy Stone, Israel Aerospace Industries Ltd., Lockheed Martin Corp., Microdrones Gmbh, Northrop Greumman Corp., Parrot Drones SAS, Precisionhawk Inc., Raytheon Technologies Corp., Saab Ab, Shenzhen Hubsan Technology Co.Ltd., Skydio Inc., SZ DJI Technology Co. Ltd., Teledyne Technologies Inc., Thales Group, And Turkish Aerospace Industries Inc. |
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