Small Unmanned Aerial Vehicle (UAV) Market Size Worth USD 122.82 Billion in 2032 | Emergen Research

The global Small Unmanned Aerial Vehicle (UAV) market size was USD 13.70 Billion in 2022 and is expected to register a rapid revenue CAGR of 24.6% during the forecast period. The global market for Small Unmanned Aerial Vehicles (UAVs) is witnessing significant growth, driven by a surge in demand from both the defense and commercial sectors. A recent market research report highlights key factors fueling this growth, including the increasing need for Intelligence, Surveillance, Target Acquisition, and Reconnaissance (ISTAR) capabilities in the defense industry and the rising demand for aerial surveying and mapping services.

Defense Sector Driving Market Growth

Small UAVs are playing an increasingly vital role in the defense industry, offering tactical advantages such as intelligence gathering, situational awareness, and precision strikes. Military commanders can utilize these unmanned systems to gather real-time information, enhancing decision-making capabilities on the battlefield.

An example illustrating this trend is Lockheed Martin's recent deal with the United Kingdom Ministry of Defense, valued at USD 157 million. Under this agreement, Lockheed Martin will supply over 250 small UAVs to the British army, including fixed-wing Stalker VXE30 UAVs and rotary-wing Indago 4 UAVs. These advanced UAVs provide the British army with enhanced ISTAR capabilities, enabling efficient reconnaissance and intelligence gathering operations.

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Commercial Applications Fueling Market Growth

In addition to defense applications, the commercial sector is also driving the growth of the small UAV market. Industries such as infrastructure, mining, construction, agriculture, and entertainment are increasingly relying on small UAVs for aerial surveying, inspection, and monitoring purposes.

For instance, Wingtra, a Swiss drone manufacturer, introduced its next-generation flagship drone equipped with advanced mapping capabilities. These small UAVs offer high-resolution imaging and rapid data processing, making them ideal for applications such as aerial photography, search and rescue, and inspection services.

Challenges and Opportunities

While the market presents significant growth opportunities, challenges such as operating in restricted regions and security concerns related to unauthorized use of UAVs exist. However, technological advancements, such as AI-powered swarm drones, are addressing some of these challenges by enhancing coordination and communication among unmanned systems.

Market Segment Insights

The market research report provides insights into key market segments, including UAV types and sizes, as well as application areas. The rotary-wing segment dominates the market due to its operational simplicity and versatility, while the mini size segment leads in terms of market share, driven by its maneuverability and payload capacity.

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Small UAV Middle East Market

The Middle East is expected to account for considerably large market share in the global small UAV market over the forecast period owing to rising need for energy infrastructure inspection in the region. For instance, in 2021, the O&G corporation Shell and the U.K.-based startup Sky-Futures announced a new cooperation to employ small Unmanned Aerial Vehicle Systems (UAVS) for offshore inspections. As a result, checking oil rigs along with other offshore infrastructure becomes less expensive and safer.

Small UAV Top Companies and Competitive Landscape

The global small UAV market is fairly fragmented with many large and medium-sized players accounting for majority of market revenue. Major players are deploying various strategies, entering into mergers & acquisitions, strategic agreements & contracts, developing, testing, and introducing more effective small UAV.

Some major players included in the global small UAVs market report are:

• Northrop Grumman
• Bayer Tech
• DJI
• Parrot Drone SAS
• Israel Aerospace Industry Ltd.
• AeroVironment, Inc.
• Lockheed Martin Corporation
• Teledyne FLIR LLC
• BAE Systems
• Elbit Systems Ltd.
• AIRBUS
• Textron Inc.
• Autel Robotics
• Yuneec
• PowerVision Inc.

Small UAV Latest Industry Updates

• In January 2023, Autel introduced the EVO Max 4T, a small drone with a thermal zoom camera and range finder that is intended for use by first responders. Three cameras are included with Brone: a 1/2-inch 50MP wide camera, a 640x512 thermal camera, and a 1/1.68-inch 48MP zoom camera with 10x optical and 160x digital zoom. The drone also has an IP43 rating, which allows it to fly in snow and light rain.

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Small UAV Market Segment Analysis

For the purpose of this report, Emergen Research has segmented global small UAV market on the basis of type, platform, maximum take-off weight, size, application, mode of operation, power source, and region:

• Type Outlook (Revenue, USD Billion; 2019-2032)
o Fixed Wing
1. Conventional Take-Off and Landing (CTOL)
2. Vertical Take-Off and landing (VTOL)
o Rotary Wing
1. Single
2. Multi
3. Bicopters
4. Tricopters
5. Quadcopters
6. Hexacopters
7. Octocopters
o Hybrid Wing
• Platform Outlook (Revenue, USD Billion; 2019-2032)
o Civil & Commercial
o Defense & Government
• Maximum Take-Off Weight Outlook (Revenue, USD Billion; 2019-2032)
o Less than 5kg
o 5 to 25kg
o Above 25 to 150kg
• Size Outlook (Revenue, USD Billion; 2019-2032)
o Micro Size
o Mini Size
o Nano Size
• Application Outlook (Revenue, USD Billion; 2019-2032)
o Military
1. Unmanned Combat Aerial Vehicle (UCAV)
2. Intelligent, Surveillance, Reconnaissance (ISR)
3. Delivery
o Commercial
1. Patient Transport
2. Inspection & Monitoring.
3. Remote Sensing
4. Surveying & Mapping
5. Product Delivery
6. Aerial Imaging
7. Industrial Warehousing
8. Others

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