Small UAV Market Analysis

  • Report ID: 6588
  • Published Date: Oct 23, 2024
  • Report Format: PDF, PPT

Small UAV Market Analysis

Type (Micro, Mini)

Micro segment is projected to capture small drone market share of around 68.3% by the end of 2037, owing to its versatility, cost-effectiveness, and wide applications. It is highly preferred due to its small size. Its defense application includes close-range ISR missions where the data would be available in real-time tactical operations. For instance, in August 2021, Aeronautics created the small unmanned aerial vehicle (UAV), Orbiter for use in homeland security and military applications. The Orbiter UAV is capable of close-quarters intelligence, surveillance, and reconnaissance (ISR) missions, low-intensity engagements, urban warfare, and over-the-hill reconnaissance missions.

Application (Civil Commercial, Military Defense, Others)

The civil commercial segment is projected to account for a significant share of the small drone market. The potential sectors for utilization of UAV applications are surveying mapping and inspection to save considerable time and expense over traditional methods. For example, in September 2023, Teledyne Flir unveiled a technology that allowed multiple drones to be launched and recovered autonomously from military vehicles. Its 'Black Recon' system includes a small, agile micro-drone that can fly for up to 45 minutes and weighs only 350 grams. Additionally, with increased demand from the media and entertainment industries for aerial photography and videography, the scope of segment expansion is marked by an increase in the use of such capabilities.  

Our in-depth analysis of the global small drone market includes the following segments:

Type

  • Micro
  • Mini

Application

  • Civil Commercial
  • Military Defense
  • Others

Platform

  • Fixed-Wing
  • Rotatory Wing
  • Others
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Browse Key Market Insights with Data Illustration:


Author Credits:  Abhishek Verma


  • Report ID: 6588
  • Published Date: Oct 23, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of the small drone market was estimated at over USD 14.6 billion.

The market size of the small drone market is projected to cross USD 88.7 billion by the end of 2037 expanding at a CAGR of 16.2% during the forecast period i.e., between 2025–2037.

The major players in the market are Throttle Aerospace, Hindustan Aeronautics Limited, Prox Dynamics, Crystal Balls, Elbit Systems Ltd., and others.

Based on type, the micro segment is anticipated to garner the largest market share of 68.3% by 2037 and display lucrative growth opportunities during 2025–2037.

The market in North America is projected to hold the largest market share of 46.1% by the end of 2037 and provide more business opportunities in the future.
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