Small Drones Market by Type (Fixed Wing, Rotatory Wing), By Size (Mini, Micro), and By Application (Commercial and Defense): Global Opportunity Analysis and Industry Forecast, 2020 – 2027

ID: VPR/A&D/122 Publishing Year: July 2020 Pages: 117 Format:   


The Small Drones Market was valued at $17.36 billion in 2019 and is projected to reach $47.96 billion by 2027, registeringa CAGR of 13.54% from 2020 to 2027.

Small Drones are small unmanned aerial vehicles (UAV), the market of Small Drones have grown extensively in from past few years because of high technological development in the Small Drones. The Small Drones come in two type of wings fixed and rotatory both have their advantages and disadvantages, fixed wings as the name suggests it has a rigid wing setup and the rotatory wing on other hand consists of multiple rotor blades setup. Moreover, Small Drones comes in two sizes mini and micro, mini drones have some weight over micro drones and they can fit easily into the a bag while micro drones are too light weight and are very small, less than a size of palm. Drones are used for both commercial and defense purposes, in commercial it can be used for filmmaking, photography, product delivery, media coverage, agricultural use and for other use, and in defense it can be used for surveillance, path clearing and battle management.

Market Snapshot:

CAGR

13.54%

YEAR

2020-2027

Regions

North America, Europe, Asia-pacific, LAMEA

Fastest Growing Market

North America

Major Key Players

Lockheed Martin Corporation, Aerovironment Inc., Elbit Systems, Ltd., Parrot SA, 3D Robotics Inc., BAE Systems, Inc., The Boeing Company, SAAB AB, Thales Group, and Textron Inc.

Small Drones are remotely controlled and use to gather information, which requires minimum human intervention. The developing technology and upgradation of software’s have made the small drones capable of what bigger drones can do. Developed and advance payload technologies and development in AI of software are prime factors driving the market of small drones. Furthermore, the capabilities of small drones such as more flight time, all the features of bigger drones with an unbelievable flying distance and ease in transferring videos and photos are also some major drivers of small drones industry.However, manufacturers find it difficult to stick with strict government airspace norms which differs across the globe and lack of skilled or incompetent pilots in commercial as well as defense to handle these technologically advance drones also lack of autonomous drones can hinder the development of the Small Drones Market.

Conversely, the Small Drone Market has great potential to grow, as the demand of Small Drones in commercial as well as defense is great amongst which defense all over the world is demanding small drones with extensive technology. Furthermore, increased commercial use and advancement in technology are factors of growth for small drones market. Also, there is high expectations from manufacturers of an autonomous drone which will bring in immense opportunities as the defense is in serious need of autonomous drones.

Segment Insight

The Small Drones Market is segmented based On Type, Size, Application and Region. Based on Type, it is classified into fixed wing and rotatory wing. Based on Size, it is classified into mini and micro. Based on Application Type, it is classified into commercial and defense.

By Type Insight

The Small Drone Market is segmented by type into fixed wing drones and rotatory wing drones. Currently the demand for rotatory wing drones is high amongst all and is expected to have highest growth in the market.

By Size Insight

The Small Drone Market is segmented by size into mini drones and micro drones. Currently the market is dominated by micro drones but in future mini drones are expected to take over and have higher market share.

By Application Type Insight

The Small Drone Market is segmented by application into commercial and defense. Currently the defense application has high demand but commercial is expected to be the next leader of the Small Drones Market.

Major Key Players of Small Drones Market

The Report Provides a comprehensive analysis of Players Operating in Small Drones Market such as, Lockheed Martin Corporation, Aerovironment Inc., Elbit Systems, Ltd., Parrot SA, 3D Robotics Inc., BAE Systems, Inc., The Boeing Company, SAAB AB, Thales Group, and Textron Inc.

Most of the Key Players in Small Drones Market are focusing on business expansion to gain a higher revenue share through the adoption of strategies, such as mergers and acquisitions and new product development.

Small Drones Market Key Segments

By Type

  • Fixed Wing
  • Rotatory Wing

By Size

  • Mini
  • Micro

By Application

  • Commercial
  • Defense

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia-Pacific
    • Japan
    • China
    • India
    • Australia
    • Rest of Asia-Pacific
  • LAMEA
    • Brazil
    • Argentina
    • Turkey
    • South Africa
    • Rest of LAMEA


Frequently Asked Questions
The Small Drones Market will grow at CAGR 13.54%.
Lockheed Martin Corporation, Aerovironment Inc., Elbit Systems, Ltd., Parrot SA, 3D Robotics Inc., BAE Systems, Inc., The Boeing Company, SAAB AB, Thales Group, and Textron Inc.are the Major Key Players in Small Drones Market.
Rotatory Wing will be Leading Vehicle Type Segment in the in the Small Drones Market in future.
Small Drones are remotely controlled and use to gather information, which requires minimum human intervention. The developing technology and upgradation of software’s have made the Small Drones capable of what bigger drones can do. Developed and advance payload technologies and development in AI of software are prime factors driving the market of Small Drones.
North-America is expected to experience the highest growth in the Forecast Period 2020-2027.

TABLE OF CONTENTS:

CHAPTER 1 MARKET INTRODUCTION

1.1. REPORT OVERVIEW

1.2. SCOPE OF THE STUDY

1.3. PRIMARY MARKET SEGMENTS

1.4. RESEARCH METHODOLOGY

CHAPTER 2 EXECUTIVE SUMMARY

2.1. C-LEVEL EXECUTIVE’S OVERVIEW AND PERSPECTIVES

CHAPTER 3 MARKET OVERVIEW

3.1. MARKET DEFINITION AND SCOPE

3.2. PRINCIPAL FINDINGS

3.2.1. Key investment pockets

3.2.2. Leading winning strategies

  3.2.3 Key Player Positioning

3.3. PORTERS FIVE FORCES OF COMPETITIVE ANALYSIS

 3.4. MARKET DYNAMICS

3.4.1. Drivers

3.4.2. Restraints

3.4.3. Opportunities

3.4.4. Impact Analysis

3.5. IMPACT OF COVID-19 ON THIS MARKET

CHAPTER 4 SMALL DRONESMARKET, BY TYPE

4.1. SYNOPSIS

4.1.1. Market size and forecast

4.2. FIXED WING

4.2.1. Key market trends

4.2.2. Growth factors and opportunities

4.2.3. Market size and forecast

4.3. ROTATORY WING

4.3.1. Key market trends

4.3.2. Growth factors and opportunities

4.3.3. Market size and forecast

CHAPTER 5SMALL DRONESMARKET, BY SIZE

5.1. SYNOPSIS

5.1.1. Market size and forecast

5.2. MINI

5.2.1. Key market trends

5.2.2. Growth factors and opportunities

5.2.3. Market size and forecast

5.3. MICRO

5.3.1. Key market trends

5.3.2. Growth factors and opportunities

5.3.3. Market size and forecast

CHAPTER 6SMALL DRONESMARKET, BY APPLICATION

6.1. SYNOPSIS

6.1.1. Market size and forecast

6.2. COMMERCIAL

6.2.1. Key market trends

6.2.2. Growth factors and opportunities

6.2.3. Market size and forecast

6.3. DEFENSE

6.3.1. Key market trends

6.3.2. Growth factors and opportunities

6.3.3. Market size and forecast

 

CHAPTER 7SMALL DRONESMARKET, BY REGION

7.1 SYNOPSIS

7.2 North America

7.2.1 Key market trends

7.2.2 Competitive scenario

7.2.3 Key growth factors and opportunities

7.2.4 Market size and forecast

7.3 Europe

7.3.1 Key market trends

7.3.2 Competitive scenario

7.3.3 Key growth factors and opportunities

7.3.4 Market size and forecast

7.4 Asia Pacific

7.4.1 Key market trends

7.4.2 Competitive scenario

7.4.3 Key growth factors and opportunities

7.4.4 Market size and forecast

7.5 LAMEA

7.5.1 Key market trends

7.5.2 Key growth factors and opportunities

7.5.3 Market size and forecast

CHAPTER 8 COMPANY PROFILES

8.1. LOCKHEED MARTIN CORPORATION

              8.1.1. Company overview

              8.1.2. Company snapshot

              8.1.3. Product portfolio

              8.1.4. Business performance

              8.1.5. Key strategic moves and developments

8.2. AEROVIRONMENT INC.

8.2.1. Company overview

8.2.2. Company snapshot

8.2.3. Operating business segments

8.2.4. Product portfolio

8.2.5. Business performance

8.2.6. Key strategic moves and developments

8.3. ELBIT SYSTEMSLTD.

8.3.1. Company overview

8.3.2. Company snapshot

8.3.3. Operating business segments

8.3.4. Product portfolio

8.3.5. Business performance

8.3.6. Key strategic moves and developments

8.4. PARROT SA

8.4.1. Company overview

8.4.2. Company snapshot

8.4.3. Operating business segments

8.4.4. Product portfolio

8.4.5. Business performance

8.4.6. Key strategic moves and developments

8.5. 3D ROBOTICS INC.

8.5.1. Company overview

8.5.2. Company snapshot

8.5.3. Operating business segments

8.5.4. Product portfolio

8.5.5. Business performance

8.5.6. Key strategic moves and developments

8.6. BAE SYSTEMS, INC.

8.6.1. Company overview

8.6.2. Company Snapshot

8.6.3. Operating business segments

8.6.4. Product portfolio

8.6.5. Business performance

8.6.6. Key strategic moves and developments

8.7. THE BOEING COMPANY

8.7.1. Company overview

8.7.2. Company snapshot

8.7.3. Operating business segments

8.7.4. Product portfolio

8.7.5. Business performance

8.7.6. Key strategic moves and developments

8.8. SAAB AB

8.8.1. Company overview

8.8.2. Company snapshot

8.8.3. Operating business segments

8.8.4. Product portfolio

8.8.5. Business performance

8.8.6. Key strategic moves and developments

8.9. THALES GROUP

8.9.1. Company overview

8.9.2. Company snapshot

8.9.3. Operating business segments

8.9.4. Product portfolio

8.9.5. Business performance

8.9.6. Key strategic moves and developments

8.10. TEXTRON INC.

8.10.1. Company overview

8.10.2. Company snapshot

8.10.3. Product portfolio

8.10.4. Key strategic moves and developments

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