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. The report “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” gives a detailed insight into current market dynamics and provides an analysis of future market growth.
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.
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In addition, the growing demand for small drones due to their several applications in precision agriculture, industrial warehousing, mapping & surveying, delivering products, and monitoring across developing economies such as India, Japan, Thailand, and China are likely to have a positive impact for the product over the coming years.
The COVID-19 pandemic has significantly impacted the demand for the market. The lack of raw materials resulted in the delay in the production of various components of drones, such as sensors, propellers, and motors which impacted the market negatively. However, many medical treatments and delivery were made possible from several distance ranges, which increased the demand for small UAV in developing and developed economies.
Small Drone Market Report Highlights
Polaris Market Research has segmented the small drone market report based on platform, type, application, mode of operation, power source and region:
Small Drone, Platform Outlook (Revenue - USD Billion, 2018 - 2030)
Small Drone, Type Outlook (Revenue - USD Billion, 2018 – 2030)
Small Drone, Application Outlook (Revenue - USD Billion, 2018 - 2030)
Small Drone, Mode of Operation Outlook (Revenue - USD Billion, 2018 - 2030)
Small Drone, Power Source Outlook (Revenue - USD Billion, 2018 – 2030)
Small Drone, Regional Outlook (Revenue - USD Billion, 2018 - 2030)