The small drones market is forecasted to grow by USD 15607 mn during 2023-2028, accelerating at a CAGR of 20.62% during the forecast period. The report on the small drones market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increases operational efficiency, rise in funding for UAV manufacturers, and increase in legal acceptance of drone operations for commercial applications.
Technavio's small drones market is segmented as below:
Market Scope
Base Year
2024
End Year
2028
Series Year
2024-2028
Growth Momentum
Accelerate
YOY 2024
16.56%
CAGR
20.62%
Incremental Value
$15607 mn
By Type
Rotary wing
Fixed wing
Hybrid wing
By Geographical Landscape
APAC
North America
Europe
Middle East and Africa
South America
This study identifies the increase in demand for improved surveillance as one of the prime reasons driving the small drones market growth during the next few years. Also, growing number of acquisitions and partnerships and technological advances in drones will lead to sizable demand in the market.
The report on the small drones market covers the following areas:
Small drones market sizing
Small drones market forecast
Small drones market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading small drones market vendors that include Aeronautics Ltd., AeroVironment Inc., Autel Intelligent Technology Co., BAE Systems PLC, Elbit Systems Ltd., Holy Stone, Israel Aerospace Industries Ltd., Lockheed Martin Corp., Microdrones GmbH, Northrop Grumman Corp., Parrot Drones SAS, PrecisionHawk Inc., RTX 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.. Also, the small drones market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
Table of Contents
1 Executive Summary
1.1 Market overview
Executive Summary - Chart on Market Overview
Executive Summary - Data Table on Market Overview
Executive Summary - Chart on Global Market Characteristics
Executive Summary - Chart on Market By Geographical Landscape
Executive Summary - Chart on Market Segmentation by Type
Executive Summary - Chart on Incremental Growth
Executive Summary - Data Table on Incremental Growth
Executive Summary - Chart on Company Market Positioning
2 Market Landscape
2.1 Market ecosystem
Parent Market
Data Table on - Parent Market
2.2 Market characteristics
Market characteristics analysis
2.3 Value chain analysis
Value Chain Analysis
3 Market Sizing
3.1 Market definition
Offerings of companies included in the market definition
3.2 Market segment analysis
Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
Chart on Global - Market size and forecast 2023-2028 ($ million)
Data Table on Global - Market size and forecast 2023-2028 ($ million)
Chart on Global Market: Year-over-year growth 2023-2028 (%)
Data Table on Global Market: Year-over-year growth 2023-2028 (%)
4 Historic Market Size
4.1 Global Small Drones Market 2018 - 2022
Historic Market Size - Data Table on Global Small Drones Market 2018 - 2022 ($ million)