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Global Small Drone Market 2023 : SWOT Analysis Of Key Driving Factors For Growing CAGR Value | Dai-Jing Innovations, Parrot SA, AeroVironment, Elbit Systems, lockheed Martin Corporation, Israel Aerospace Industry Limited
Small Drone Global Market Report
The Business Research Company's Small Drone Global Market Report 2023 identifies 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.
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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Major players in the small drone market are 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.
A key trend in the Small Drone market includes the adoption of light detection and ranging (LIDAR) are key trend gaining popularity in the small drone market. Light detection and ranging are remoting sensor that uses light in form of pulsed light to measure the distance to the Earth. Combined with information collected by the airborne system, these pulsed lights produce precise three-dimensional information about the earth's surface and the target object. A LiDAR drone is a drone that carries a LiDAR sensor for data collection.
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The Small Drone market is segmented -
1) By Type: Fixed Wing, Rotary Wing
2) By Operation: Remotely Piloted, Optionally Piloted, Fully Autonomous
3) By Power source: Fuel, Battery
4) 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.
The Business Research Company's "Global Small Drone Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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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
……
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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