Press release
Small Drone Market Size, Share Analysis, Industry Growth And Trends 2023-2032
Small Drone Market Report
Small Drone Market Size, Growth Rate, And Forecast:
The global small drone market size is expected to grow from $4.57 billion in 2022 to $5.17 billion in 2023 at a compound annual growth rate (CAGR) of 13.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global small drone market size is expected to reach $8.21 billion in 2027 at a CAGR of 12.2%.
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Small Drone Market Drivers:
The rising military and defense expenditure is expected to propel the growth of the small drone market going forward. Defense expenditure refers to all current and capital expenditure on the armed forces, including peacekeeping forces of defense ministries and other government agencies engaged in defense projects, and paramilitary forces when judged to be trained, equipped, and available for military operations. Small drones have improved military capabilities around the world in better reconnaissance, surveillance, and target acquisition, increased flexibility, reduced cost, improved situational awareness, crew safety, faster deployment, and others.
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Small Drone Market Segments
•By Type: Fixed Wing, Rotary Wing
•By Operation: Remotely Piloted, Optionally Piloted, Fully Autonomous
•By Power source: Fuel, Battery
•By Application: Military, Commercial
•By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the small drone market.
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Small Drone Market Key Players:
Major competitors in the small drone market include Dai-Jing Innovations, Parrot SA, AeroVironment, Elbit Systems, lockheed Martin Corporation, Israel Aerospace Industry Limited, BAE Systems, 3D Robotics, Textron Inc., Saab AB, Delair, Yuneec International, Applied Aeronautics, The Boeing Company, and Thales Group.
The Business Research Company's "Global Small Drone Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Small Drone Market Include:
1. Executive Summary
2. Small Drone Market Characteristics
3. Small Drone Market Trends And Strategies
4. Small Drone Market - Macro Economic Scenario
5. Small Drone Market Size And Growth
....
26. Africa Small Drone Market
27. Small Drone Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Small Drone Market
29. Small Drone Market Future Outlook and Potential Analysis
30. Appendix
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