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The global small drone market size is expected to reach USD 9.55 billion by 2030, according to a new study by Polaris Market Research.
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Small Drone Market Expected to reach USD 9.55 Billion By 2030 | CAGR: 11.5% Small Drone Market Share, Size, Trends, Industry Analysis Report, By Platform; By Type; By Application; By Mode of Operation; By Power Source (Fuel Powered, Battery Powered); By Region; Segment Forecast, 2022 - 2030
Small Drone Market Estimate & Forecast • According to the research report, the global small drone market was valued at USD 3.68 billion in 2021 and is expected to reach USD 9.55 billion by 2030, to grow at a CAGR of 11.5% during the forecast period. • The market growth can be attributed to the growing demand for the small drone in the marine patrolling and defense sector due to increasing geopolitical concerns. In addition, increasing penetration of the product owing to their performance and characteristics with high endurance, high-quality camera, and significant payload capacity is one of the major factors driving demand.
Small Drone Market • The study then includes the competitive insights of market across various regions wherein our research analysts explores in-depth profiles of main players along with new product launches, recent technologies influencing the target market. The competitive study section also contains production, major development strategies, revenue, and growth rate for the leading players. This assessment will aid market players to stay ahead of competitive landscape and boost productivity. Major players operating in the market are: • Aeronautics Group • Aerovironment Inc. • Autel Intelligent Technology Co. • Bae Systems Plc • Elbit Systems Ltd • Holy Stone • Israel Aerospace Industries Ltd. • Lockheed Martin Corp. • Microdrones Gmbh • Northrop Greumman Corp. • Parrot Drones SAS • Precisionhawk Inc. • Raytheon Technologies Corp... • Browse Complete Report
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