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Small Drone Market Share

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

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Small Drone Market Share

DJI and Teledyne Technologies hold a significant market share of over 30% in the small drone business. These companies vie for supremacy across segments such as consumer drones, professional UAVs, and specialized industrial applications. Advancements in technology including AI integration and sensor development drive this competitive landscape with firms continually striving to enhance performance, reliability & functionality to capture market share in this rapidly evolving industry.

In the burgeoning market, competition intensifies as key players vie for dominance across diverse segments. Innovation in areas such as camera technology and flight autonomy drive differentiation. Established companies and emerging startups alike strive to capture market share, navigating regulatory complexities and consumer demands to establish a foothold in this rapidly evolving industry.

Small Drone Market Companies

Major players operating in the small drone industry are:

AeroVironment, Inc.
Autel Robotics
BAE Systems Inc.
DJI
Parrot Drone SAS
RTX Corporation
Skydio, Inc.
Teledyne Technologies Incorporated.
Thales Group
Yuneec

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.