Micro Drone Market Valued at $6.71 Billion in 2020, Expected to Reach $28.91 Billion by 2030; Growing at a CAGR of 17.2%

The global micro drone industry generated $6.71 billion in 2020, and is expected to reach $28.91 billion in 2030, witnessing a CAGR of 17.2% from 2021 to 2030. The report provides an extensive analysis of changing market dynamics, top segments, top investment pockets, regional landscape, value chain, and competitive scenario.

Increased operational efficiency and rise in demand for improved surveillance drive the growth of the global micro drone market. However, strict drone regulations and lack of skilled & trained personnel hinder the market growth. On the other hand, improvement in drone technologies and surge in defense spending globally present new opportunities in the coming years.

Download Report (290 Pages PDF with Insights, Charts, Tables, Figures) at https://www.alliedmarketresearch.com/request-sample/A13679

Increased operational efficiency and rise in demand for improved surveillance are expected to drive the micro drone market growth during the forecast period. However, strict drone regulations and lack of skilled & trained personnel are the factors that are expected to restrain the growth of the micro drone market during the forecast period. Moreover, improvement in drone technologies and rise in defense expenditure globally are the major factors armor that are expected to supplement the micro drone market.

North America dominates the market, in terms of revenue, followed by, Europe, Asia-Pacific, and LAMEA. The U.S. dominated the global micro drone market share in North America in 2020, owing to increase in R&D activities; technological developments by key players; rapid adoption of innovative technologies in making reliable, precise, and efficient micros drone technologies. Asia-Pacific is expected to grow at a significant rate during the forecast period, owing to rise in adoption of micro drone across different industry verticals along with huge defense spending by big economies such as China, India, and Japan.

Buy This Research Report: https://www.alliedmarketresearch.com/micro-drone-market/purchase-options

The report offers detailed segmentation of the global micro drone market based on type, application, weight, and region.

Based on region, North America contributed to the largest share in 2020, holding more than one-third of the total share, and is estimated to continue its dominant share in terms of revenue by 2030. However, Asia-Pacific is expected to portray the fastest CAGR of 19.9% during the forecast period.

Leading players of the global micro drone market analyzed in the research include 3DR, Autel Robotics, AeroVironment Inc., Elbit Systems Ltd., DJI, Israel Aerospace Industries Ltd., Hubsan, senseFly, Kespry Inc., and Skydio, Inc.

Interested to Procure the Data? Inquire here at https://www.alliedmarketresearch.com/purchase-enquiry/A13679

David Correa
1209 Orange Street
Corporation Trust Center
Wilmington
New Castle
Delaware 19801
USA Int'l: +1-503-894-6022
Toll Free: +1-800-792-5285
Fax: +1-800-792-5285
help@alliedmarketresearch.com

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports Insights" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

This release was published on openPR.