Global Small Drones Market Size, Share, Growth, Trend & Forecast 2023

Global Small Drones Market is projected to reach USD 30.0 billion by 2023 growing at a CAGR of over 17% during the forecast period. One of the major growth drivers of the market for small drones is the ascent in the procurement of small military drones by the security forces all over the world. The market is also driven due to increasing use of small drones in the media and entertainment industry. In terms of type, the small drone’s market is segmented into fixed-wing drones, rotary-wing drones and hybrid/transitional drones. Owing to the high demand from the defence sector, the rotary-wing drones are expected to witness the fastest growth during the forecast period. In terms of application, the small drone’s industry is segmented into military, civil and commercial, homeland security and consumer. Owing to the increasing usage of small drones for various commercial applications and civil applications, the civil and commercial segment is projected to witness the fastest growth during the forecast period. Among the regions, North America has been the largest market for the small drones’ industry and it is predicted to remain as the largest market during the forecast period as well. The usage of small drones for maritime and border surveillance in the North American countries like U.S. and Canada, is driving the small drones market in North America. Significant players operating in the small drones market are Aerovironment Inc., Lockheed Martin Corporation, Parrot SA, 3D Elbit Systems Ltd., Robotics Inc., BAE Systems Inc., SAAB AB etc.

Years considered for this report:

Historical Years: 2013-2016

Base Year: 2017

Estimated Year: 2018

Forecast Period: 2019–2023

Objective of the Study:

  • To analyse and forecast the market size of Small Drones Market, in terms of value & volume.
  • To classify and forecast Global Small Drones Market based on type, application, maximum take of weight, power source and regional distribution.
  • To identify drivers and challenges for Global Small Drones Market.
  • To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Global Small Drones Market.
  • To conduct the pricing analysis for Small Drones Market.
  • To identify and analyse the profile of leading players involved in the services of Global Small Drones Market.

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Some prominent players in the Small Drones market are Aerovironment Inc., Lockheed Martin Corporation, Parrot SA, 3D Elbit Systems, Ltd., Robotics Inc., BAE Systems, Inc., SAAB AB, Thales Group, and Textron Inc.

TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analysed the service offerings, distribution channels and presence of all major collaboration manufacturers across the globe.

TechSci Research calculated the market size of Global Small Drones Market using a bottom-up approach, where data for various end user industries and its application across various product types were recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analysing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company website, news articles, press releases, company annual reports, investor presentations and financial reports were also used by TechSci Research.

Key Target Audience:

  • Drones manufacturers
  • Component manufacturers of drones
  • Industry associations and experts
  • Research organizations and consulting companies.
  • Research Institutes
  • Industry associations
  • Market research and consulting firm.

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as collaboration manufacturers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Table Of Content : 

  1. Product Overview
  2. Research Methodology
  3. Executive Summary
  4. Voice of Customer

4.1.  Aided Brand Awareness

4.2.  Factors Influencing Purchase Decision

4.3.  Challenges/Issues Faced Post Purchase

  1. Global Small Drones Market Overview 
  2. Global Small Drones Market Outlook

6.1.  Market Size & Forecast

6.1.1.     By Value & Volume

6.2.  Market Share & Forecast

6.2.1.     By Type (Fixed-Wing Drones, Rotary-Wing Drones, Hybrid/Transitional Drones)

6.2.2.     By Application (Military, Civil & Commercial, Homeland Security and Consumer)

6.2.3.     By Maximum Take Of Weight (<5 Kilograms, 5-25 Kilograms and 25-150 Kilograms)

6.2.4.     By Power Source (Lithium-Ion, Solar Cell, Fuel Cell and Hybrid Cell)

6.2.5.     By Region

6.3.  Market Attractiveness Index

  1. Asia-Pacific Small Drones Market Outlook

7.1.  Market Size & Forecast

7.1.1.     By Value & Volume

7.2.  Market Share & Forecast

7.2.1.     By Type

7.2.2.     By Application

7.2.3.     By Maximum Take Of Weight

7.2.4.     By Country

7.3.  Market Attractiveness Index

7.4.  Asia-Pacific: Country Analysis

7.4.1.     China Small Drones Market Outlook

7.4.1.1.         Market Size & Forecast

7.4.1.1.1.             By Value & Volume

7.4.1.2.         Market Share & Forecast

7.4.1.2.1.             By Type

7.4.1.2.2.             By Application

7.4.1.3.         Market Attractiveness Index

7.4.2.     India Small Drones Market Outlook

7.4.2.1.         Market Size & Forecast

7.4.2.1.1.             By Value & Volume

7.4.2.2.         Market Share & Forecast

7.4.2.2.1.             By Type

7.4.2.2.2.             By Application

7.4.2.3.         Market Attractiveness Index

7.4.3.     Japan Small Drones Market Outlook

7.4.3.1.         Market Size & Forecast

7.4.3.1.1.             By Value & Volume

7.4.3.2.         Market Share & Forecast

7.4.3.2.1.             By Type

7.4.3.2.2.             By Application

7.4.3.3.         Market Attractiveness Index

 

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