Press Release / Small Drones Market

Small Drone Market to Hit USD 35,009.4 Million by 2027; Growing Demand for Miniature Drones Worldwide to Augment Growth

November 27, 2020 | Aerospace & Defense

The global small drone market size is expected to showcase an exponential growth by reaching USD 35,009.4 million by 2027. This is attributable to the growing demand for pocket-sized miniature drones for several industrial and commercial applications across the globe. This information is published by Fortune Business Insights, in its latest report, titled, “Small Drone Market Size, Share & COVID-19 Impact Analysis, By Type (Fixed Wing, Rotary Wing, and Hybrid Wing), By End-use (Military & Defense, Consumer, and Commercial & Civil), By Maximum Take-off Weight (<5 Kg, 5-25 Kg, and 25-150 Kg), and Regional Forecast, 2020-2027.” The report further observes that the market stood at USD 7,720.3 million in 2019 and is likely to exhibit an astounding CAGR of 24.11% between 2020 and 2027.


AeroVironment Introduces Quantix Recon to Aid in Surveillance of Farming Crops


In April 2020, AeroVironment, a leading small drone manufacturer, announced the launch of Quantix Recon, an unmanned aerial vehicle (UAV) deployed for military purposes. The drone is based on the company’s Quantix drone, a civilian UAV designed for farm surveys. According to the company, the Quantix Recon is capable of doing aerial reconnaissance by adopting automated flight paths and consists of two 18-megapixel cameras. These cameras capture multispectral images and true colors.


The company reports, “The drone efficiently addresses high-resolution mapping in both multispectral and color bands, and is designed to deliver full-motion, real-time videos.” Such initiatives are likely to contribute to the growth of the market in the forthcoming years.


To get a detailed report summary and research scope of this market, click here:


https://www.fortunebusinessinsights.com/small-drones-market-102227


Increasing Adoption of Miniature Drones to Propel Market Growth


Technological advancement in sensors, weight, software, and drone size is leading to the development of pocket-sized miniature drones for several industrial and commercial applications. These small drones are equipped with several parts and components such as payload, camera, hardware, and autonomous software that aid in improving the efficiency in operations. Additionally, the growing demand for small drones from defense forces and law enforcement agencies to enhance surveillance and monitor high-tension areas is expected to drive the global small drone market during the forecast period.


Key Players Focus on R&D Activities to Develop Advanced Drones & Boost Sales Revenue


The global small drone market is consolidated by the presence of major companies that are focusing on investment to develop advanced small drones that are equipped to carry out several intelligence, surveillance, and reconnaissance (ISR) activities. Additionally, other key players are striving to maintain their presence by adopting strategies such as merger and acquisition, partnership, and collaboration that will boost the growth of the market.


Industry Development:



  • January 2020 – Israel-based Steadicopter showcased the capabilities of its BLACK EAGLE 50, a lightweight unmanned robotic helicopter. According to the company, the UAV efficiently detects, collects, and monitors Wi-Fi and cellular intelligence and has a hovering endurance of about 4 hours.


List of the Companies Profiled in the Global Market for Small Drone:



  • DJI

  • 3D Robotics

  • Parrot Drones

  • AeroVironment Inc.

  • Kespry

  • Delair

  • Textron

  • Autel Robotics USA

  • Yuneec

  • Northrop Grumman

  • BAE Systems

  • Israel Aerospace Industries Ltd.

  • Elbit Systems Ltd.

  • Other Players


Further Report Findings:



  • North America stood at USD 2933.7 million in 2019 and is projected to gain momentum backed by the presence of established drone manufacturers in the region. Additionally, the high military and defense budget in the countries such as the U.S. is expected to boost the adoption of drone technology for surveillance and reconnaissance activities in North America.

  • The market in Asia-Pacific is expected to showcase significant growth in the forthcoming years. The growth is attributable to the growing adoption of drones for industrial applications such as precision farming, aerial photography, crop monitoring, and others in the region between 2020 and 2027.

  • The hybrid wing segment, based on type, held a market share of about 18.7% in 2019 and is expected to experience considerable growth owing to the rising adoption of the hybrid winged small drones for firefighting, disaster management, and wildlife survey purposes globally.


Table of Segmentation:











































 ATTRIBUTE



  DETAILS



Study Period



  2016-2027



Base Year



  2019



Forecast Period



  2020-2027



Historical Period



  2016-2018



Unit



Value (USD million)



Segmentation



By Type



  • Fixed Wing

  • Hybrid Wing

  • Rotary Wing



By MTOW



  • <5 KG

  • 5-25 KG

  • 25-150 KG



By End Use



  • Military & Defense

  • Consumer

  • Commercial & Civil



By Region



  • North America (By Type, Maximum Take-off Weight, End-use, By Country)

    • U.S. (By Type)

    • Canada (By Type)



  • Europe (By Type, Maximum Take-off Weight, End-use, By Country)

    • U.K. (By Type)

    • Germany (By Type)

    • France (By Type)

    • Italy (By Type)

    • Spain (By Type)

    • Russia (By Type)

    • Rest of Europe (By Type)



  • Asia-Pacific (By Type, Maximum Take-off Weight, End-use, By Country)

    • Japan (By Type)

    • China (By Type

    • India (By Type)

    • Australia (By Type)

    • Southeast Asia (By Type)

    • Rest of Asia- Pacific (By Type)



  • Rest of World (By Type, Maximum Take-off Weight, End-use, By Country)

    • Latin America (By Type)

    • Middle East & Africa (By Type)




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