The global small drone market share is expected to showcase exponential growth by reaching to reach USD 35,009.4 million by 2027 while exhibiting a staggering 24.11% CAGR between 2020 and 2027. This is attributable to the increasing incidence of intrusion across borders and the rising military expenditure that is driving the demand for advanced small drones globally. Fortune Business Insights published this information in its latest report, titled“Small Drone Market Size, Share & COVID-19 Impact Analysis, By Type (Fixed Wing, Rotary Wing, and Hybrid Wing), By End-use (Military & Defense, Consumer, and Commercial & Civil), By Maximum Take-off Weight (<5 Kg, 5-25 Kg, and 25-150 Kg), and Regional Forecast, 2020-2027.” The report further mentions that the market stood at USD 7,720.3 million in 2019 and is projected to showcase an exponential growth during the forecast period.

 

High Demand for Small Drones across Healthcare Facilities amid COVID-19 to Surge Demand

The COVID-19 pandemic has led to every vital resource rallying around the healthcare industry to contain its widespread effect across the globe. This has led to an increased demand for advanced small drones for inspection purposes and to collect real-time data across highly infected places. This is expected to boost market growth in the near future.

The small drones are miniature unmanned aircraft that are gaining immense popularity across the military and commercial applications. The adoption of these drones aids in improved efficiency, high accuracy, and excellent productivity in capturing images for several industrial applications.

REQUEST A  SAMPLE  PDF  BROCHURE

 

Fortune Business Insights profiles some of the prominent companies operating in the small drones market. They are as follows:

  • DJI
  • 3D Robotics
  • Parrot Drones
  • AeroVironment Inc.
  • Kespry
  • Delair
  • Textron
  • Autel Robotics USA
  • Yuneec
  • Northrop Grumman
  • BAE Systems
  • Israel Aerospace Industries Ltd.
  • Elbit Systems Ltd.
  • Other Players

 

What does the Report Include?

The market report includes a detailed assessment of various drivers and restraints, opportunities, and challenges that the market will face during the projected horizon. Additionally, the report provides comprehensive insights into the regional developments of the market, affecting its growth during the forecast period. It includes information sourced from the advice of expert professionals from the industry by our research analysts using several research methodologies. The competitive landscape offers further detailed insights into strategies such as product launches, partnerships, mergers and acquisitions, and collaborations adopted by the companies to maintain market stronghold between 2020 and 2027.

 

DRIVING FACTORS

Increasing Military Expenditure to Promote Growth

According to the data by The Balance, the total military expenditure of the United States Army was estimated to be around USD 934 billion in 2020. The increasing spending on military and defense by the governments across the globe is likely to boost the demand for advanced small drones across the globe. Additionally, the rising skirmishes at international borders such as the India-China, China-U.S. conflicts are expected to drive the global small drone market during the forecast period.

 

REGIONAL INSIGHTS

Increasing Focus on Military Upgradation in North America to Augment Growth

Among all the regions, North America is expected to remain at the forefront and hold the highest position in the global small drone market during the forecast period. This is attributable to the increasing focus by the U.S. Defense Services to upgrade its military that will propel the demand for advanced small drones fro surveillance purposes in the region. North America stood at USD 2933.7 million in 2019.

The market in Europe is expected to showcase considerable growth backed by the surging demand for aerial photography, crop monitoring, and precise farming with the aid of technologically advanced small drones in the region between 2020 and 2027.

 

SEGMENTATION

Hybrid Wing Segment Held 18.7% Market Share in 2017 Owing to Increasing Adoption by Drone Companies

The hybrid wing segment, based on the product, held a market share of about 18.7% in 2019 and is expected to gain momentum in the forthcoming years. This is ascribable to factors such as the increasing demand from drone companies for wildlife surveys, firefighting, and disaster management, among others.

INQUIRE BEFORE BUYING THIS RESEARCH REPORT

 

COMPETITIVE LANDSCAPE

Eminent Companies Focus on Product Development to Brighten Market Prospects

The global small drone market is consolidated by the presence of key players that are focusing on developing advanced small drones to cater to the growing demand from industrial applications such as healthcare, military, and aerospace. Additionally, the other major companies are adopting strategies such as partnership, merger and acquisition, and collaboration to maintain their presence that will bode well for the market growth in the forthcoming years.

 

Key Industry Development:

January 2020 – Schiebel Corporation deployed CAMCOPTER S-100 as a measure to provide critical information during the Kim river toxic pollution crisis across Malaysia. This development is expected to boost its market values in the forthcoming years.

 

View Related Reports:

https://yaapoo.com/read-blog/12555

https://www.paperpage.in/read-blog/22527

https://ekonty.com/read-blog/4629

https://kruthai.com/read-blog/39964

https://emindbooks.com/read-blog/1862

https://network.counselindia.com/read-blog/34580

https://shapshare.com/read-blog/25030

https://wiwonder.com/read-blog/4406

http://yolomatch.com/read-blog/57709

 

 

About Us:

Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.

 

Contact Us:

Fortune Business Insights™ Pvt. Ltd.

308, Supreme Headquarters,

Survey No. 36, Baner,

Pune-Bangalore Highway,

Pune – 411045, Maharashtra, India.

 

Phone:

US:+1 424 253 0390

UK: +44 2071 939123

APAC: +91 744 740 1245

Email: [email protected]

 

Connect us via Social Media Channels:

LinkedIn Facebook Twitter

 

Read Press Release:

https://www.fortunebusinessinsights.com/press-release/amp/small-drones-market-9611

 

By Emelia Murison

Emelia Murison is a freelance writer and editor with a passion for innovation and technology. She covers breaking industry news, #SpaceForGood, and product reviews for the group. She also provides copywriting services to startups around the world – one of which introduced her to the world of Aerospace.

182 thoughts on “Small Drones Market Size, Share, Research [2020-2027] | Industry Revenue USD 35,009.4 million Expected by 2027 at a CAGR of 24.11% in the Forecast Period, Report by Fortune Business Insights™”
  1. Next time I read a blog, I hope that it won’t fail me just as much as this particular one. I mean, Yes, it was my choice to read through, but I really thought you would probably have something helpful to say. All I hear is a bunch of complaining about something that you could fix if you weren’t too busy seeking attention.

  2. I was more than happy to discover this website. I want to to thank you for ones time due to this wonderful read!! I definitely really liked every part of it and i also have you bookmarked to see new stuff in your website.

  3. Good day! I could have sworn I’ve visited this site before but after going through some of the posts I realized it’s new to me. Nonetheless, I’m definitely pleased I discovered it and I’ll be book-marking it and checking back frequently!

  4. Hello there! I simply wish to offer you a huge thumbs up for the excellent info you’ve got right here on this post. I’ll be returning to your website for more soon.

  5. Right here is the perfect site for anyone who wishes to find out about this topic. You understand so much its almost hard to argue with you (not that I really would want to…HaHa). You certainly put a fresh spin on a subject that has been written about for years. Excellent stuff, just great.

  6. I’d like to thank you for the efforts you have put in writing this website. I am hoping to see the same high-grade blog posts by you in the future as well. In fact, your creative writing abilities has motivated me to get my very own site now 😉

  7. An interesting discussion is worth comment. I do believe that you ought to publish more about this issue, it may not be a taboo matter but usually folks don’t discuss these topics. To the next! Best wishes!

  8. Howdy! I could have sworn I’ve visited this blog before but after browsing through some of the articles I realized it’s new to me. Anyways, I’m certainly pleased I discovered it and I’ll be bookmarking it and checking back frequently.

  9. I blog frequently and I truly thank you for your information. This article has really peaked my interest. I am going to book mark your blog and keep checking for new information about once per week. I subscribed to your RSS feed too.

  10. Hi there! This post couldn’t be written much better! Reading through this article reminds me of my previous roommate! He constantly kept preaching about this. I will send this post to him. Fairly certain he will have a great read. Thanks for sharing!

  11. Howdy! This blog post could not be written much better! Reading through this article reminds me of my previous roommate! He constantly kept talking about this. I most certainly will send this post to him. Pretty sure he’ll have a good read. Thank you for sharing!

  12. The next time I read a blog, Hopefully it doesn’t fail me just as much as this particular one. I mean, I know it was my choice to read, nonetheless I truly thought you would have something interesting to talk about. All I hear is a bunch of whining about something you can fix if you weren’t too busy looking for attention.

  13. I’m amazed, I must say. Rarely do I come across a blog that’s equally educative and entertaining, and without a doubt, you’ve hit the nail on the head. The problem is something which too few folks are speaking intelligently about. I am very happy that I found this during my hunt for something regarding this.

Leave a Reply

Your email address will not be published.