Small Drone Market Report: Trends, Forecast and Competitive Analysis to 2030
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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.
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 period due 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.
Emerging Trends in the Small Drone Market
The small drone market has been in continuous evolution, influenced by various key trends. These point to the development of technologies, change in regulatory landscapes, and increased use across diverse sectors. Precisely how these trends are perceived will determine whether stakeholders leverage opportunities and surmount challenges within the dynamic drone market.
Recent Developments in the Small Drone Market
A host of recent important developments in the small drone market has taken place with its consequences on technology, regulation, and new business models. Such change in dynamics is emerging in response to the reshaping of innovation and changes within the market. It is basically indispensable for stakeholders to fully embrace these key developments if they are committed to working smoothly through an increasingly changing market and really benefiting from arising opportunities.
Strategic Growth Opportunities for Small Drone Market
There are several growth opportunities for small drones across various applications: technology advancement, constantly evolving regulatory environments, and increasing demand for drone services across various sectors. Ultimately, the identification of such growth opportunities and the capability to capitalize on them will indeed confer advantages on companies and all the stakeholders in the industry of drones.
Small Drone Market Driver and Challenges
Different drivers and challenges affect the growth and development of the small drone market. Technological advances, economic factors, and issues of regulation have great influences on the shaping of market dynamics. Grasping these drivers and challenges is thus essential to move through this shifting landscape and realize growth opportunities.
The factors responsible for driving the small drone market include:
1. Technological Advances: The market is observing rapid development and advancements of drone technologies in AI, battery life, and improvement in imaging systems. Stronger capabilities also mean that drones can carry out more tasks and work more effectively. Such technological innovations create new applications for small drones and increase their demand in many industries.
2. Growing Demand for Drone Services : The demand is one of the major drivers that is ever-increasing for drone services in sectors such as agriculture, logistics, and infrastructure inspection. Drones provide both cost-effective and efficient solutions to collect data, and that can be later monitored and delivered. The demand for drone services has significantly increased owing to more realization of the benefits accruing from drone technology.
3. Evolving Regulatory Frameworks: Evolving regulatory frameworks support the growth of the small drone market through clarity and development of operational standards. Governments set regulations that provide safe and efficient operations, thereby influencing the growth and innovation of the industry. Such regulatory support has become cardinal in integrating drones into national airspace and then expansive use.
4. Increasing Investment and Funding: This has been driven by significant investments and funding by venture capitalists, governments, and private companies to develop and commercialize small drones. Financial support, in substance, outlines the avenues involved in research and development, innovation, and market expansion of drones. In this regard, large amounts of capital are being re-invested into accelerating the development of drone technology, in addition to opening up more market opportunities.
5. Increasing Usage of Drones in Developing Countries: Emerging markets are increasingly adopting the technology owing to a reduction in costs that have been driven by advancements in technology. As these beginning markets start to understand some of the potential benefits of drones, such as those in agriculture and infrastructure, demand for the technology is on the rise. The move into the emerging markets will open new avenues for growth to the small drone market.
Challenges in the small drone market are:
1. Regulatory Constraints: The small drone market does face stringent regulatory constraints coupled with elaborate processes for approval. Many of the regulations targeting airspace, privacy, and safety concerns may raise significant barriers to entry for drone operators and drone manufacturers. Navigating these diverse regulatory challenges will be both crucial for compliance and central to widespread market development.
2. Privacy and Security Concerns: Privacy and security concerns are one of the challenges which this industry faces concerning surveillance and data gathering by drones. Apprehensions among people about misusing data and unauthorized surveillance will consequently have effects on the adoption and acceptance of this technology. This will call for stringent security measures and transparent policies to reassure trust among potential customers and make an conducive environment for market growth.
3. Technological Limitations: Despite real advances, there are many fundamental technology constraints that continue to afflict small drones, such as limited battery life, restrictive payload capacity, and reliability issues. These may dent performance and applicability in certain scenarios. Research and development in the performance of addressing such challenges are needed; hence, their capability development is key to small drones.
The small drone market is being advanced by technological advances, growing demand for service offerings, expanding regulatory frameworks, investments, and more significant adoption in emerging markets. These also pose threats with considerations around regulatory constraints, privacy, and technological limitations. The drivers and challenges will be important in setting the path to what the future shape of the small drone market will look like and beneficial from growth potential.
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. Through 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-
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 [Analysis by Value from 2018 to 2030]:
The small drone market has experienced a sea of change in the past few years. The advancements in technology coupled with varying regulatory environments and applications have all put the small drone market under renovation. The increasing demand for drones across sectors, from agriculture to surveillance and delivery, is prompting key regional players to take a jump in innovation and regulation around major markets like the United States, China, Germany, India, and Japan. Improved capabilities, changed competitive dynamics, and increased entrants formulates the future course of the industry in this evolving landscape.
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.
If you are looking to expand your business in this market or adjacent markets, then contact us. We have done hundreds of strategic consulting projects in market entry, opportunity screening, due diligence, supply chain analysis, M & A, and more.
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:
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: [email protected]. We will be glad to get back to you soon.
Market Report
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.
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 period due 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.
Emerging Trends in the Small Drone Market
The small drone market has been in continuous evolution, influenced by various key trends. These point to the development of technologies, change in regulatory landscapes, and increased use across diverse sectors. Precisely how these trends are perceived will determine whether stakeholders leverage opportunities and surmount challenges within the dynamic drone market.
- Autonomous Operations: Increased investments in AI and machine learning drive developers to strive for making drones fully autonomous. This would extend the possibility of certain drones performing tasks independently, which would otherwise be pretty complex in nature, such as navigation, obstacle avoidance, and data gathering.
- Improved Operational Battery Life: Small drone flying times are extended considerably with improved battery technologies. Advances in lithium-polymer and solid-state batteries allow longer missions with less recharging. This is very important for many applications that call for extensive coverage, such as agricultural monitoring and delivery services. Long battery life contributes to the practicality of increased effectiveness in a range of drone operational scenarios.
- Advanced Imaging Systems: Small drones, which are integrated with high-resolution cameras and sensors, become the evolving data collection and analytics. Advanced thermal and multispectral sensors make up the highly accurate imaging systems applied in the agriculture and environment monitoring and security sectors. These systems enhance the capability of drones to capture accurate and actionable data, driving innovation and expanding their applications.
- Evolution of Regulations: The governments all over the world are shaping their regulations to match up to the rise of little flying machines. The governments have been proposing a new and amended set of rules to address questions of remote identification, flight permissions, and safety standards. From the regulatory viewpoint, the new challenge is combining drones into the national airspace while keeping safety and privacy concerns. The current changes in the dynamics of the drone market are because of defining new operational standards and fostering their growth.
- Drone-as-a-Service (DaaS): The new face of how corporates access drone capabilities are Drone-as-a-Service models. Companies no longer have to buy drones but can hire drone services for particular jobs, such as surveying or monitoring. This model reduces the need for huge capital investments and allows businesses to enjoy the most advanced drone technologies on demand. DaaS has opened the market for those who otherwise would not have been in a position to access drone technology in the first place.
Recent Developments in the Small Drone Market
A host of recent important developments in the small drone market has taken place with its consequences on technology, regulation, and new business models. Such change in dynamics is emerging in response to the reshaping of innovation and changes within the market. It is basically indispensable for stakeholders to fully embrace these key developments if they are committed to working smoothly through an increasingly changing market and really benefiting from arising opportunities.
- Integration of AI and Machine Learning: AI and machine learning integration in small drones further their capabilities to higher-order features such as autonomous navigation, real-time processing, and predictive maintenance. AI algorithms amplify the capabilities of drones to execute tasks that are more complex, arrive at better decisions, and adapt dynamically to changing environments. Such developments are improving efficiency and functionality across many applications, including surveillance, agriculture, and delivery.
- Drone Delivery Services Growth: Drones keep improving in facilities that provide logistic services and e-commerce. Companies are increasingly using drones for delivering packages, groceries, and even medical supplies to reduce the time taken for delivery and to increase convenience. The progress on drone technology, coupled with improvements in regulatory approval processes and growing consumer demand for speedier delivery alternatives, underpins this development. The introduction of enlarged drone delivery services is changing the entire face of the logistics industry and opening up new market opportunities.
- Establishing New Regulatory Frameworks: The use of small drones has made governments worldwide increasingly develop new regulatory frameworks. These provide the foundation in terms of remote identification, permissions for operation, and minimum safety standards. Clear and comprehensive regulations mean the safe integration of drones into national airspace and foster growth of this industry. New standards of operation and requirements set the mark for shaping the market.
- Swarm Drones: Swarm drones are joining the single-drone concept to become the new buzz in industries today. Large tasks, such as large-scale monitoring and data collection, are best done by swarms. Improved day by day, communication technologies and swarm intelligence algorithms have seen significant improvement in recent times. The emergence of drone swarms is expanding the possibilities of small drones, opening up new perspectives for applications in agriculture, environmental monitoring, and public safety.
- Advancement in Battery Technology: Advances in the design of batteries are significantly enhancing performance and endurance in small drones. Novel designs such as solid-state and high-capacity lithium-polymer batteries extend flight times, furthering operational efficiency. Development will be key in applications where there is huge demand for longer flying times, such as surveying and monitoring. Indeed, improved battery technology enhances the adaptability and productivity of small drones in many spheres.
Strategic Growth Opportunities for Small Drone Market
There are several growth opportunities for small drones across various applications: technology advancement, constantly evolving regulatory environments, and increasing demand for drone services across various sectors. Ultimately, the identification of such growth opportunities and the capability to capitalize on them will indeed confer advantages on companies and all the stakeholders in the industry of drones.
- Precision Agriculture: Drones are transforming precision agriculture, giving farmers the ability to precisely visualize from an aerial perspective the state of their crops, condition of soil, and infestation to intervene on time, optimize use of resources, and improve yield. Some drivers in the growth of precision agriculture remain advances in imaging technology and data analytics. Inasmuch as agricultural methods are increasingly knowledge-intensive, drones will play a vital role in boosting productivity and sustainability.
- Infrastructure Inspection: Small drones are gaining application in various infrastructure inspections: bridges, power lines, and pipelines. Besides, they provide high-resolution imagery and real-time data, allowing for better facilitation of quick and safe inspections. This section highlights the growth in application due to cost-effectiveness in drone inspections instead of traditional inspections and also in places that are inaccessible to human inspectors. Improvement in inspection is positively impacting maintenance practices and enhancing safety standards.
- Emergency Response and Disaster Management: Drones have become important tools in responding to emergencies and managing disasters. They are used in search and rescue operations, damage assessment, and the delivery of critical supplies. They offer situational awareness in real time for decision-making at emergency levels. This is, therefore, an increasingly attractive application area, spurred by needs for rapid response and effective management of disaster situations, really pointing to the importance of drones in keeping the public safe.
- Environmental Monitoring: Drones are increasingly used to monitor environmental conditions, such as wildlife, the level of pollution, and natural disasters. This might prove to be one of the cost-effective and flexible solutions for acquiring data and monitoring changes over time. Such applications related to environmental monitoring have grown because of the need for accurate and timely data in support of conservation efforts and initiatives concerning environmental protection.
- Urban Air Mobility - UAM: UAM represents an especially important growth opportunity for small drones. Key use cases involve carrying passengers and goods around urban areas. Key players are making their unicorns for air taxi and delivery services to reduce traffic congestion and be an effective mode of transportation. Growth in UAM is enabled by better drone development, regulation, and urbanization. This could turn out to be a huge growth opportunity and change the face of urban transportation and logistics.
Small Drone Market Driver and Challenges
Different drivers and challenges affect the growth and development of the small drone market. Technological advances, economic factors, and issues of regulation have great influences on the shaping of market dynamics. Grasping these drivers and challenges is thus essential to move through this shifting landscape and realize growth opportunities.
The factors responsible for driving the small drone market include:
1. Technological Advances: The market is observing rapid development and advancements of drone technologies in AI, battery life, and improvement in imaging systems. Stronger capabilities also mean that drones can carry out more tasks and work more effectively. Such technological innovations create new applications for small drones and increase their demand in many industries.
2. Growing Demand for Drone Services : The demand is one of the major drivers that is ever-increasing for drone services in sectors such as agriculture, logistics, and infrastructure inspection. Drones provide both cost-effective and efficient solutions to collect data, and that can be later monitored and delivered. The demand for drone services has significantly increased owing to more realization of the benefits accruing from drone technology.
3. Evolving Regulatory Frameworks: Evolving regulatory frameworks support the growth of the small drone market through clarity and development of operational standards. Governments set regulations that provide safe and efficient operations, thereby influencing the growth and innovation of the industry. Such regulatory support has become cardinal in integrating drones into national airspace and then expansive use.
4. Increasing Investment and Funding: This has been driven by significant investments and funding by venture capitalists, governments, and private companies to develop and commercialize small drones. Financial support, in substance, outlines the avenues involved in research and development, innovation, and market expansion of drones. In this regard, large amounts of capital are being re-invested into accelerating the development of drone technology, in addition to opening up more market opportunities.
5. Increasing Usage of Drones in Developing Countries: Emerging markets are increasingly adopting the technology owing to a reduction in costs that have been driven by advancements in technology. As these beginning markets start to understand some of the potential benefits of drones, such as those in agriculture and infrastructure, demand for the technology is on the rise. The move into the emerging markets will open new avenues for growth to the small drone market.
Challenges in the small drone market are:
1. Regulatory Constraints: The small drone market does face stringent regulatory constraints coupled with elaborate processes for approval. Many of the regulations targeting airspace, privacy, and safety concerns may raise significant barriers to entry for drone operators and drone manufacturers. Navigating these diverse regulatory challenges will be both crucial for compliance and central to widespread market development.
2. Privacy and Security Concerns: Privacy and security concerns are one of the challenges which this industry faces concerning surveillance and data gathering by drones. Apprehensions among people about misusing data and unauthorized surveillance will consequently have effects on the adoption and acceptance of this technology. This will call for stringent security measures and transparent policies to reassure trust among potential customers and make an conducive environment for market growth.
3. Technological Limitations: Despite real advances, there are many fundamental technology constraints that continue to afflict small drones, such as limited battery life, restrictive payload capacity, and reliability issues. These may dent performance and applicability in certain scenarios. Research and development in the performance of addressing such challenges are needed; hence, their capability development is key to small drones.
The small drone market is being advanced by technological advances, growing demand for service offerings, expanding regulatory frameworks, investments, and more significant adoption in emerging markets. These also pose threats with considerations around regulatory constraints, privacy, and technological limitations. The drivers and challenges will be important in setting the path to what the future shape of the small drone market will look like and beneficial from growth potential.
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. Through 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
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 [Analysis by Value from 2018 to 2030]:
- Fuel Powered
- Battery Powered
- Remotely Piloted
- Optionally Piloted
- Fully Autonomous
- Fixed Wing
- Rotary Wing
- Hybrid
- Military
- Commercial
- Government & Law
- Consumer
- Others
- North America
- Europe
- Asia Pacific
- The Rest of the World
The small drone market has experienced a sea of change in the past few years. The advancements in technology coupled with varying regulatory environments and applications have all put the small drone market under renovation. The increasing demand for drones across sectors, from agriculture to surveillance and delivery, is prompting key regional players to take a jump in innovation and regulation around major markets like the United States, China, Germany, India, and Japan. Improved capabilities, changed competitive dynamics, and increased entrants formulates the future course of the industry in this evolving landscape.
- United States: Small drone technology advances are being fed by increasing investment into research and development in the U.S. Improvements include longer battery life, enhanced AI for autonomous operations, and advanced communications systems. The regulatory framework is correspondingly in a state of evolution, with the FAA unveiling a new rule that has made the use of drones commercially easier, like introducing requirements for remote identification and expanding permissions on their operation. This means the safe integration of drones into national airspace while fostering innovation.
- China: It initiated leading manufacturing and technological development for small drones, continuous improvements having taken place within companies such as DJI. They also unveiled highly advanced models with increased AI capabilities, extended times of flight, and better imaging systems. The Chinese government builds industry support via indulgent policies, infrastructural investment, and developing global leadership within the drone technology. Moreover, there is the integration within sectors such as agriculture and logistics that also brings out the commitment by the Chinese government in using this as a basis for economic growth.
- Germany: For its part, Germany is pushing ahead with small drones for mainly industrial and commercial use. Improvements include better drone inspections and data collection in both the construction and energy industries. German companies are developing advanced autonomous navigation systems and enhanced safety features. The relevant regulatory bodies are busy developing robust frameworks that ensure the safe inclusion of drones into European airspace, therefore enabling innovation within strict confines of safety.
- India: The Indian market for small drones is developing at a very rapid pace. In addition, applications of drones in agriculture, surveillance, and logistics are acting as a growth spur. Of late, drones have also come to be employed for precision farming and disaster management. The Indian government has been working on regulatory measures to facilitate the use of drones, including streamlined approval processes and guidelines for commercial operation. Entry by local startups is focusing on providing affordable and innovative drone solutions to solve particular regional needs.
- Japan: The small drone market in Japan is characterized by developments in robotics and automation. The Japanese companies are designing drones with enhanced stability, precision, and integration with other smart technologies. Applications range from infrastructure inspection, environmental monitoring, and disaster response. The Government of Japan is formulating policies that ensure safe drone operations while continuing to promote technological innovation. To this effect, initiatives are channeled toward establishing a strong ecosystem for drones in a manner that will favorably support both the domestic and international markets.
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.
If you are looking to expand your business in this market or adjacent markets, then contact us. We have done hundreds of strategic consulting projects in market entry, opportunity screening, due diligence, supply chain analysis, M & A, and more.
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
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: [email protected]. We will be glad to get back to you soon.
Market Report
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
4.2.1: North American Small Drone Market by Power Source: Fuel Powered and Battery Powered
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
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
4.2.1: North American Small Drone Market by Power Source: Fuel Powered and Battery Powered
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
