According to Fortune Business Insights, the global small drone market size was valued at USD 14.04 billion in 2022 and is projected to grow from USD 16.90 billion in 2023 to USD 77.00 billion by 2030, exhibiting a robust CAGR of 24.2% during the forecast period. This remarkable growth is driven by the expanding use of small drones across defense, consumer, commercial, and civil sectors for applications such as surveillance, aerial mapping, delivery, and reconnaissance.
The report, titled “Small Drone Market Size, Share, Russia-Ukraine War Impact & COVID-19 Impact Analysis, By Type (Fixed Wing, Rotary Wing, and Hybrid Wing), By Maximum Take-off Weight (Less than 5 Kg, 5–25 Kg, and Above 25–150 Kg), By Power Source (Fuel Powered and Battery Powered), By End-use (Defense, Consumer, Commercial, and Civil), and Regional Forecast, 2023–2030,” provides a comprehensive overview of the industry’s evolving dynamics.
In 2022, North America held the largest share of the global small drone market, accounting for 32.91%, driven by strong defense spending, widespread adoption of unmanned aerial systems (UAS), and the presence of key drone technology providers in the region.
Small drones are used in applications across diverse industry verticals. The ability of a small drone to examine and monitor activities in a short span of time will fuel the demand for the product across the world. Accounting to the widespread applications of the product, several companies are looking to invest more in the research and development of newer and advanced products. Increasing investments in product R&D will create several opportunities for market growth. The growing number of start-ups will bode well for the growth of the market in the coming years.
The report provides an in-depth analysis of the global small drones market. Forecast values have been provided for the market for the period of 2025-2030. The factual figures have been obtained through trusted sources. Moreover, these predictions are made on the basis of extensive research analysis methods, coupled with the opinions of experienced market research professionals. It highlights the latest product launches and recent innovations in the market and states their impact on the growth of the market. The competitive landscape has been discussed in detail and predictions are made with respect to leading companies and products in the coming years.
Key Market Players:
Some of the leading companies that are operating in the global small drones market are: