Small Drone Market Analysis 2024 - Size, Share, Trends Analysis By 2033

"The new report published by The Business Research Company, titled ""Small Drone Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033"", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the small drone market size has grown rapidly in recent years. It will grow from $5.16 billion in 2023 to $5.84 billion in 2024 at a compound annual growth rate (CAGR) of 13.2%. The small drone market size is expected to see rapid growth in the next few years. It will grow to $9.43 billion in 2028 at a compound annual growth rate (CAGR) of 12.7%.

Download Free Sample Report @ https://www.thebusinessresearchcompany.com/sample.aspx?id=9833&type=smp

The Soaring Growth Of Small Drones Fueled By Rising Defense Expenditure
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. For instance, according to the National Defense Magazine, a US-based industrial association, global military drone R&D and procurement spending would climb from an estimated $11.1 billion in 2020 to $14.3 billion in 2029, a nearly 30% increase. Spending on research and development is anticipated to increase from $3.2 billion in 2020 to $4 billion in 2029, while money for procurement is anticipated to increase from $7.9 billion in 2020 to roughly $10.3 billion by the end of the decade. Therefore, the rising military and defense expenditure is driving the growth of the small drone market.

Small Drones Embrace Lidar Technology For Precision Mapping And Surveying
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. For instance, in August 2021, Redtail LiDAR Systems, a US-based company involved in microelectromechanical systems mirror-based LiDAR technology, unveiled the RTL-450 LiDAR sensor into the market. The RTL-450 incorporates a lightweight MEMS mirror and a precision navigation system to generate accurate data for the most demanding of aerial surveying missions. The three-dimensional point clouds and high-resolution created by the RTL-450 provide operators with an unsurpassed ability to conduct advanced analytics of manmade and geographic features on the earth's surface. The innovative LiDAR system, which weighs just over 4 pounds, is designed to operate independently of a drone platform, providing great flexibility for small drone integration.

The small drone market covered in this report 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

Buy Now & Get Exclusive Discount on this Report, Checkout link @
https://www.thebusinessresearchcompany.com/Discount?id=9833&type=discount

Major companies operating in the small drone market report are Dai-Jing Innovations, Parrot SA, AeroVironment, Elbit Systems, lockheed Martin Corporation, Israel Aerospace Industry Limited, BAE Systems plc, 3D Robotics, Textron Inc., Saab AB, Delair, Yuneec International, Applied Aeronautics, The Boeing Company, Thales Group, Skydio, Autel Robotics, Airobotics, BRINC DronesLLC., Citadel Defense Company, Corvus Robotics, Dedrone, DroneDeploy, DroneUp, DroneSeed, DroneSense, Propeller Aero, SkyCatch, Skyword, Valqari, Volansi, WiBotic, Wing, Zipline, Censys, Inspired Flight, Skyfish, Hitec Commercial Solutions, Vantage Robotics, RangePro X8P, C-Astral Aerospace .

Contents of the report:
1. Executive Summary
2. Small Drone Market Report Structure
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 Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

Explore the report store to make a direct purchase of the report @ https://www.thebusinessresearchcompany.com/report/small-drone-global-market-report

Learn More About The Business Research Company

The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.

Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.

This release was published on openPR.