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Small Drone Market Analysis

  • Report ID: GMI8134
  • Published Date: Feb 2024
  • Report Format: PDF

Small Drone Market Analysis

Based on wing, the market is divided into fixed, rotary, and hybrid. The rotary segment held a major market share of around 50% and is expected to grow significantly. One prominent market trend in the small drone sector is the increasing adoption of rotary-wing drones. These drones offer greater manoeuvrability and stability, making them well-suited for tasks such as aerial surveillance, infrastructure inspection, and search & rescue operations. Their ability to hover and fly in confined spaces makes them particularly valuable for applications requiring close-range or precise aerial data collection. For instance, in September 2023, Leonardo unveiled its Proteus Rotary Wing Unmanned Aerial System (RWUAS) concept model at the DSEI 2023 expo. The design includes a single main rotor and is suited for maritime capabilities such as surveillance, target acquisition, reconnaissance & logistics supply.
 

Small Drone Market Revenue Share, By Power Source, 2023

Based on power source, the market is categorized into fuel and battery. The battery segment held around 72% market share in 2023 and is poised for significant growth over the forecast period. A notable trend in the small drone market revolves around the advancement of battery-powered drones. Manufacturers are focusing on improving battery technology to extend flight durations and reduce recharging times. This trend is driven by the increasing demand for drones with longer operational capabilities, particularly in industries such as agriculture, construction & aerial photography, where extended flight times are essential for efficient data collection and monitoring tasks. For instance, in November 2023, HevenDrones introduced two new models, the H2D200 and H2D250, both powered by hydrogen fuel cells. These drones provide extended range and flight duration compared to lithium-ion batteries. The H2D200 offers a range of up to 510km and a flight time of up to four hours, while the H2D250 boasts a range of up to 750 kilometres and up to eight hours of operation.
 

North America Small Drone Market Size, 2022-2032 (USD Billion)

North America dominated the global small drone market with a share of over 32% in 2023. A significant market trend in the North America small drone sector is the rapid growth of commercial applications. With favourable regulatory frameworks and increased awareness of drone technology benefits, industries such as agriculture, construction, and public safety are embracing drones for various tasks. Additionally, collaborations between government agencies & drone manufacturers are fostering innovation and driving advancements in drone technology tailored to regional needs & regulations. For instance, in September 2023, Skydio introduced the Skydio X10, a drone designed for first responders, infrastructure operators, and U.S. & allied armies worldwide. It contains sensors to record every detail of relevant data as well as AI-powered autonomy to deliver greater capabilities & adaptability in a smaller and more user-friendly form.
 

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size for small drone was valued at USD 11 billion in 2023 and is anticipated to register a CAGR of over 6% between 2024 and 2032, propelled by continuous technological advancements, decreasing costs, and expanding commercial applications.

The rotary wing segment held a major market share of around 50% in 2023 and is expected to record significant demand through 2032, owing to their maneuverability and stability.

North America small drone industry held a revenue share of over 32% in 2023 and is expected to grow significantly till 2032, driven by favorable regulatory frameworks and increased awareness of benefits of drone technology.

AeroVironment, Inc., Autel Robotics, BAE Systems Inc., DJI, Parrot Drone SAS, RTX Corporation, Skydio, Inc., Teledyne Technologies Incorporated., Thales Group, Yuneec are some of the major industry contenders.

Small Drone Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 20
  • Tables & Figures: 320
  • Countries covered: 24
  • Pages: 260
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