Increased operational efficiency and increased demand for enhanced surveillance activities are driving the growth of the global small drone market.
PORTLANDMineral. , July 27, 2022 /PRNewswire/ — Allied Market Research released a report titled “Small drone market By Size (Nano Drones and Micro Drones), Type (Fixed Wing and Rotary Wing), and Application (Commercial, Defense, and Recreational): Global Opportunities Analysis and Industry Forecast, 2021-2030″. According to the report, the global small drone industry generated $7.44 billion in 2020, and is expected to reach $24.29 billion in 2030, witnessing a CAGR of 13.1% from 2021 to 2030.
Drivers, Constraints and Opportunities
Increasing operational efficiency and rising demand for enhanced surveillance are driving the growth of the global small drone market. However, strict drone regulations hamper the growth of the market. On the other hand, advances in drone technologies create new opportunities in the coming years.
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Covid-19 scenario:
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The nationwide lockdown led to the partial or total closure of small drone manufacturing facilities. Additionally, raw material shortages and supply chain disruptions affected manufacturing activities.
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New deployment activities and initiatives were delayed due to the Covid-19 pandemic. Import and export activities were affected due to the ban by government authorities. Manufacturing and deployment activities are expected to return to normal after the shutdown.
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The rotary wing segment will continue its leading position during the forecast period
Based on type, the rotary wing segment contributed the highest share in 2020, accounting for around 92% of the global small drone market, and is estimated to continue its leading position during the forecast period. This is due to the high demand for rotary-wing drones in numerous industrial applications around the world. However, the fixed-wing segment is expected to show the highest CAGR of 15.6% between 2021 and 2030, due to increased demand for its high flight range.
The recreational segment will maintain its leading status during the forecast period
Based on the app, the recreational segment had the largest share in 2020, accounting for almost half of the global market. small drone market, and is projected to maintain its leadership status during the forecast period. This is attributed to high demand for recreational purposes such as photography, videography, and delivery. However, the commercial segment is estimated to have the highest CAGR of 14.2% between 2021 and 2030, due to increased implementation to improve the efficiency of different commercial applications.
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North America to continue its dominance in revenue terms by 2030
Depending on the region, North America represented the highest market share in 2020, with more than a third of the global small drone market, and is expected to continue its dominance in terms of revenue by 2030. This is attributed to the increase in R&D activities, developments technological developments of key players and the rapid adoption of innovative technologies to manufacture reliable, precise and efficient small drones. Nevertheless, Pacific Asia It is estimated that it will manifest the fastest CAGR of 14.9% between 2021 and 2030. This is due to the increase in the adoption of small drones for recreational and surveillance purposes in countries such as Porcelain, IndiaY Japan.
Market leading players
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3DR
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AeroVironment Inc.
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Autel Robotics
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BAE Systems plc.
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DJI Technology
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hubsan
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Elbit Systems Ltd.
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Parrot SA
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heavengod
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Teledyne FLIR LLC.
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