The global small drones market size was worth around USD 5.73 billion in 2023 and is predicted to grow to around USD 21.95 billion by 2032 with a compound annual growth rate (CAGR) of roughly 16.22% between 2024 and 2032.
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The report provides global and regional forecasts and analyses of the small drone market. Historical data from 2018 to 2022 and a revenue forecast from 2024 to 2032 (in USD billion) are presented in the study. The study encompasses the drivers and restraints of the small drones market, as well as their influence on demand during the forecast period. Furthermore, the report encompasses an examination of the global opportunities in the small drones market.
The detailed competitive scenario and product portfolio of the main vendors are included in this report. An analysis of Porter’s Five Forces Model for the market has also been incorporated to comprehend the competitive landscape. The research includes a market attractiveness analysis, which evaluates the market size, growth rate, and general attractiveness of all segments.
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The Global Small Drones Market is segmented based on product, application and region
Global Small Drones Market: Product Segment Analysis
● Fixed Wing
● Hybrid/Transitional
● Rotary Wing
Global Small Drones Market: Application Segment Analysis
● Civil and Commercial
● Military
● Consumer
● Homeland Security
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The Global Small Drones market profiles key players such as:
● Lockheed Martin Corporation
● Textron
● AeroVironment
● 3D Robotics
● The Boeing Company
● BAE Systems
● Thales Group
● Parrot
● Elbit Systems
● SAAB
● Israel Aerospace Industries
Regional Analysis of the Small Drones Market
The current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa is encompassed in the regional segment. The small drone market in the Asia Pacific region is on the brink of experiencing explosive growth, predominantly due to a surge in military demand. In recent years, the military budgets of numerous Asian economies, such as China, Japan, and India, have been consistently increasing. The Asia Pacific market is being driven forward by the procurement of small drones for a variety of military applications, which is being specifically fueled by this influx of funding.
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