DUBLIN--(BUSINESS WIRE)--The "Small Drones Market by Size, Type, and Application: Global Opportunity Analysis and Industry Forecast, 2021-2030" report has been added to ResearchAndMarkets.com's offering.
The global small drones market was valued at $7.44 billion in 2020, and is projected to reach $24.29 billion by 2030, registering a CAGR of 13.16%.
North America dominates the market, in terms of revenue, followed by Europe, Asia-Pacific, and LAMEA. The U.S. dominated the global small drones market share in North America in 2020, owing to surge in R&D activities; technological developments by key players; and rapid adoption of innovative technologies in making reliable, precise, & efficient small drones. Asia-Pacific is expected to grow at a significant rate during the forecast period, owing to rise in adoption of small drones across several Asian nations, for instance, China, India, Japan, and South Korea.
By size, the small drones market is segregated into nano drones and micro drones. The micro drones segment accounted for the highest revenue in 2020, owing to high capabilities of small drones that are being deployed for numerous commercial and defense applications throughout the world.
On the basis of type, the market is segmented into fixed wing and rotary wing. The rotary wing segment garnered the highest revenue in 2020, owing to high demand for rotary wing drones across numerous industry applications worldwide.
Depending on application, the small drones market is fragmented into commercial, defense, and recreational. The recreational segment was the highest revenue contributor in 2020, owing to high demand for recreational small drones, which are used by thousands of customers throughout the world.
Key Findings Of The Study
- By size, the nano drones segment is expected to register a significant growth during the forecast period
- On the basis of type, the fixed wing segment is anticipated to exhibit significant growth in future
- Depending on application, the commercial segment is anticipated to exhibit significant growth in future
- Region wise, Asia-Pacific is anticipated to register the highest CAGR during the forecast period
- The key players that operate in the global small drones market include 3DR, AeroVironment Inc., Autel Robotics, BAE Systems Plc., DJI Technology, Hubsan, Elbit Systems Ltd, Parrot SA, SkyDio, and Teledyne FLIR LLC
Market Dynamics
Drivers
- Increased Operational Efficiency
- Surge in Demand for Improved Surveillance
Restraint
- Strict Drone Regulations
Opportunity
- Improvement in Drone Technologies
Micro Economic Impact Analysis
- Consumer Trends
- Technology Trends
- Regulatory Trends
Company Profiles
- 3DR
- AeroVironment Inc.
- Autel Robotics
- BAE Systems Plc.
- DJI Technology
- Hubsan
- Elbit Systems Ltd
- Parrot SA
- SkyDio
- Teledyne FLIR LLC.
For more information about this report visit https://www.researchandmarkets.com/r/unvk9a
