Product Code: r7042
“Small Drone Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on small drone market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
- Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
- Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
- Measure the impact of high global inflation on market growth.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market shares.
- Benchmark performance against key competitors.
- Suitable for supporting your internal and external presentations with reliable high quality data and analysis
- Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
- All data from the report will also be delivered in an excel dashboard format.
Where is the largest and fastest growing market for small drone? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The small drone market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
Scope
Markets Covered:
- 1) By Type: Fixed Wing; Rotary Wing
- 2) By Operation: Remotely Piloted; Optionally Piloted; Fully Autonomous
- 3) By Power source: Fuel; Battery
- 4) By Application: Military; Commercial
- Companies Mentioned: Dai-Jing Innovations; Parrot SA; AeroVironment; Elbit Systems; lockheed Martin Corporation
- Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA
- Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
- Time series: Five years historic and ten years forecast.
- Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
- Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
- Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
- Delivery format: PDF, Word and Excel Data Dashboard.
Executive Summary
Major companies in the the small drone market are: Dai-Jing Innovations, Parrot SA, AeroVironment, Elbit Systems, lockheed Martin Corporation, Israel Aerospace Industry Limited, BAE Systems, 3D Robotics, Textron Inc., Saab AB, Delair, Yuneec International, Applied Aeronautics, The Boeing Company, and Thales Group.
The global small drone market is expected to grow from $4.57 billion in 2022 to $5.17 billion in 2023 at a compound annual growth rate (CAGR) of 13.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The small drone market is expected to reach $8.21 billion in 2027 at a CAGR of 12.2%.
The small drone market consists of sales of single-rotor drones, and fixed-wing hybrid VTOLs. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
Short drones refer to drones that travel up to 90 miles and are used primarily for espionage and intelligence gathering. The wings of these drones are usually fixed and can be easily lifted by the arm and thrown into the air.
Asia-Pacific was the largest region in the small drone market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in small drone report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The main types of small drones are fixed-wing and rotary wings. Fixed wing refers to a wing, that is fixed in place rather than rotating. They run based remotely piloted, optionally piloted, and fully autonomous operation with fuel and battery as power sources for various applications in military and commercial.
The rising military and defense expenditure is expected to propel the growth of the small drone market going forward. Defense expenditure refers to all current and capital expenditure on the armed forces, including peacekeeping forces of defense ministries and other government agencies engaged in defense projects, and paramilitary forces when judged to be trained, equipped, and available for military operations. Small drones have improved military capabilities around the world in better reconnaissance, surveillance, and target acquisition, increased flexibility, reduced cost, improved situational awareness, crew safety, faster deployment, and others. For instance, according to the National Defense Magazine, a US-based industrial association, global military drone R&D and procurement spending would climb from an estimated $11.1 billion in 2020 to $14.3 billion in 2029, a nearly 30% increase. Spending on research and development is anticipated to increase from $3.2 billion in 2020 to $4 billion in 2029, while money for procurement is anticipated to increase from $7.9 billion in 2020 to roughly $10.3 billion by the end of the decade. Therefore, the rising military and defense expenditure is driving the growth of the small drone market.
The adoption of light detection and ranging (LIDAR) are key trend gaining popularity in the small drone market. Light detection and ranging are remoting sensor that uses light in form of pulsed light to measure the distance to the Earth. Combined with information collected by the airborne system, these pulsed lights produce precise three-dimensional information about the earth's surface and the target object. A LiDAR drone is a drone that carries a LiDAR sensor for data collection. For instance, in August 2021, Redtail LiDAR Systems, a US-based company involved in microelectromechanical systems mirror-based LiDAR technology, unveiled the RTL-450 LiDAR sensor into the market. The RTL-450 incorporates a lightweight MEMS mirror and a precision navigation system to generate accurate data for the most demanding of aerial surveying missions. The three-dimensional point clouds and high-resolution created by the RTL-450 provide operators with an unsurpassed ability to conduct advanced analytics of manmade and geographic features on the earth's surface. The innovative LiDAR system, which weighs just over 4 pounds, is designed to operate independently of a drone platform, providing great flexibility for small drone integration.
In April 2021, Anduril Industries, Inc., a US-based defense product company, acquired Area-I Inc. for an undisclosed amount. The acquisition is anticipated to increase Anduril's selection of unmanned aerial systems, open up new applications for its software-defined capabilities, including intelligent teaming and mission autonomy, and dramatically speed up the company's long-term growth. Area-I Inc. is a US-based unmanned aircraft system operating in the small drone market.
The countries covered in the small drone market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
The small drones market research report is one of a series of new reports from The Business Research Company that provides small drones market statistics, including small drone industry global market size, regional shares, competitors with a small drones market share, detailed small drones market segments, market trends, and opportunities, and any further data you may need to thrive in the small drones industry. This small drone market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
Table of Contents
1. Executive Summary
2. Small Drone Market Characteristics
3. Small Drone Market Trends And Strategies
4. Small Drone Market - Macro Economic Scenario
- 4.1. COVID-19 Impact On Small Drone Market
- 4.2. Ukraine-Russia War Impact On Small Drone Market
- 4.3. Impact Of High Inflation On Small Drone Market
5. Small Drone Market Size And Growth
- 5.1. Global Small Drone Historic Market, 2017-2022, $ Billion
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints On The Market
- 5.2. Global Small Drone Forecast Market, 2022-2027F, 2032F, $ Billion
- 5.2.1. Drivers Of The Market
- 5.2.2. Restraints On the Market
6. Small Drone Market Segmentation
- 6.1. Global Small Drone Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Fixed Wing
- Rotary Wing
- 6.2. Global Small Drone Market, Segmentation By Operation, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Remotely Piloted
- Optionally Piloted
- Fully Autonomous
- 6.3. Global Small Drone Market, Segmentation By Power Source, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Fuel
- Battery
- 6.4. Global Small Drone Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Military
- Commercial
7. Small Drone Market Regional And Country Analysis
- 7.1. Global Small Drone Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 7.2. Global Small Drone Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
8. Asia-Pacific Small Drone Market
- 8.1. Asia-Pacific Small Drone Market Overview
- Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
- 8.2. Asia-Pacific Small Drone Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 8.3. Asia-Pacific Small Drone Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
9. China Small Drone Market
- 9.1. China Small Drone Market Overview
- 9.2. China Small Drone Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
- 9.3. China Small Drone Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
10. India Small Drone Market
- 10.1. India Small Drone Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 10.2. India Small Drone Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
11. Japan Small Drone Market
- 11.1. Japan Small Drone Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 11.2. Japan Small Drone Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
12. Australia Small Drone Market
- 12.1. Australia Small Drone Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 12.2. Australia Small Drone Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
13. Indonesia Small Drone Market
- 13.1. Indonesia Small Drone Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 13.2. Indonesia Small Drone Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
14. South Korea Small Drone Market
- 14.1. South Korea Small Drone Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 14.2. South Korea Small Drone Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
15. Western Europe Small Drone Market
- 15.1. Western Europe Small Drone Market Overview
- 15.2. Western Europe Small Drone Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 15.3. Western Europe Small Drone Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
16. UK Small Drone Market
- 16.1. UK Small Drone Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 16.2. UK Small Drone Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
17. Germany Small Drone Market
- 17.1. Germany Small Drone Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 17.2. Germany Small Drone Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
18. France Small Drone Market
- 18.1. France Small Drone Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 18.2. France Small Drone Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
19. Eastern Europe Small Drone Market
- 19.1. Eastern Europe Small Drone Market Overview
- 19.2. Eastern Europe Small Drone Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 19.3. Eastern Europe Small Drone Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
20. Russia Small Drone Market
- 20.1. Russia Small Drone Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 20.2. Russia Small Drone Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
21. North America Small Drone Market
- 21.1. North America Small Drone Market Overview
- 21.2. North America Small Drone Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 21.3. North America Small Drone Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
22. USA Small Drone Market
- 22.1. USA Small Drone Market Overview
- 22.2. USA Small Drone Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 22.3. USA Small Drone Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
23. South America Small Drone Market
- 23.1. South America Small Drone Market Overview
- 23.2. South America Small Drone Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 23.3. South America Small Drone Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
24. Brazil Small Drone Market
- 24.1. Brazil Small Drone Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 24.2. Brazil Small Drone Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
25. Middle East Small Drone Market
- 25.1. Middle East Small Drone Market Overview
- 25.2. Middle East Small Drone Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 25.3. Middle East Small Drone Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
26. Africa Small Drone Market
- 26.1. Africa Small Drone Market Overview
- 26.2. Africa Small Drone Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 26.3. Africa Small Drone Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
27. Small Drone Market Competitive Landscape And Company Profiles
- 27.1. Small Drone Market Competitive Landscape
- 27.2. Small Drone Market Company Profiles
- 27.2.1. Dai-Jing Innovations
- 27.2.1.1. Overview
- 27.2.1.2. Products and Services
- 27.2.1.3. Strategy
- 27.2.1.4. Financial Performance
- 27.2.2. Parrot SA
- 27.2.2.1. Overview
- 27.2.2.2. Products and Services
- 27.2.2.3. Strategy
- 27.2.2.4. Financial Performance
- 27.2.3. AeroVironment
- 27.2.3.1. Overview
- 27.2.3.2. Products and Services
- 27.2.3.3. Strategy
- 27.2.3.4. Financial Performance
- 27.2.4. Elbit Systems
- 27.2.4.1. Overview
- 27.2.4.2. Products and Services
- 27.2.4.3. Strategy
- 27.2.4.4. Financial Performance
- 27.2.5. lockheed Martin Corporation
- 27.2.5.1. Overview
- 27.2.5.2. Products and Services
- 27.2.5.3. Strategy
- 27.2.5.4. Financial Performance
28. Key Mergers And Acquisitions In The Small Drone Market
29. Small Drone Market Future Outlook and Potential Analysis
30. Appendix
- 30.1. Abbreviations
- 30.2. Currencies
- 30.3. Historic And Forecast Inflation Rates
- 30.4. Research Inquiries
- 30.5. The Business Research Company
- 30.6. Copyright And Disclaimer