The global small drones market is experiencing growth due to the increase in demand for enhanced surveillance, and improved operational efficiency.
Wilmington, Delaware, Oct. 26, 2023 (GLOBE NEWSWIRE) — Allied Market Research published a report, titled, “Small Drones Market by Size (Microdrones and Nano drones), by Type (Rotary Wing and Fixed Wing), and by Application (Commercial, Recreational, and Defense): Global Opportunity Analysis and Industry Forecast, 2021 to 2030.” According to the report, the global small drones industry to gain an estimate of $24.29 billion in 2030, having witnessed a value of $7.44 billion in 2020, with a compound annual growth rate (CAGR) of 13.16% from 2021 to 2030.
Download Sample Pages – https://www.alliedmarketresearch.com/request-sample/2312
Small Drones Industry-Leading Players:
- BAE Systems Plc.
- Teledyne FLIR LLC.
- Autel Robotics
- DJI Technology
- Elbit Systems Ltd.
- AeroVironment Inc.
- Parrot SA
This report offers an in-depth assessment of the major players in the global small drones market. They have taken various strategies, including the launch of new products, collaborations, expansions, joint ventures, and agreements, to gain their foothold in the market and remain dominant in various regions. The report serves to emphasize the competitive dynamics of the market, as well as the performance of the business, the top segments, the product portfolio, and the strategic moves of market participants.
Procure Complete Research Report (PDF/ Excel with Qualitative and Quotative Data, Insights, Statistics, Tables, Charts, Figures) – https://www.alliedmarketresearch.com/small-drones-market/purchase-options
Prime Factors Influencing the Growth:
The global small drones market is experiencing growth due to the increase in demand for enhanced surveillance, and improved operational efficiency. On the other hand, strict drone regulations limit the market growth. Moreover, the developments in drone technologies bring remunerative new opportunities in the coming years.
The recreational segment to retain its lion’s share throughout the forecast period-
By application, the recreational segment held the major market share in 2020, contributed to nearly half of the global small drones market revenue, and is expected to retain its lion’s share throughout the forecast period. The growth is attributed to the high demand for recreational services like videography, photography, and delivery. On the other hand, the commercial segment is projected to display the fastest CAGR of 14.2% during the forecast timeframe. This is due to the increase in the number of deployments to enhance the performance of various commercial applications.
The rotary wing segment to maintain its leadership status throughout the forecast timeframe-
By type, the rotary wing segment garnered the largest share in 2020, holding more than 90% of the global small drones market revenue, and is projected to maintain its leadership status throughout the forecast timeframe. This is because rotary wing drones are in large demand for a variety of industrial applications across the world. On the other hand, the fixed wing segment is estimated to exhibit the fastest CAGR of 15.6% during the forecast period. This is due to there has been an increase in demand for high-flight range aircraft.
Interested to Procure the Research Report? Inquire Before Buying – https://www.alliedmarketresearch.com/purchase-enquiry/2312
North America garnered the major share by 2030-
By region, North America held the major market share in 2020, accounting for more than one-third of the global small drones market revenue, and is anticipated to dominate the market by 2030. This is due to a significant increase in research and development, technological advancement by leading players, and the rapid adoption of advanced technologies in the production of dependable, accurate, and efficient small unmanned aerial vehicles. Simultaneously, the Asia-Pacific region would portray the fastest CAGR of 14.9% from 2021 to 2030. The usage of unmanned aerial vehicles (UAVs) for surveillance and leisure activities is on the rise in specific nations, including China, India, and Japan.
Similar Reports We Have on Drone Industry:
Micro Drone Market Research Report 2023-2032
Commercial Drones Market Research Report 2023-2032
Military Drones Market Research Report 2023-2032
Nano UAV Drones Market Research Report 2023-2032
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” 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.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
Contact: David Correa 1209 Orange Street, Corporation Trust Center, Wilmington, New Castle, Delaware 19801 USA. USA/Canada (Toll Free): +1-800-792-5285 UK: +44-845-528-1300 Hong Kong: +852-301-84916 India (Pune): +91-20-66346060 Fax: +1-800-792-5285 [email protected] Web: www.alliedmarketresearch.com Allied Market Research Blog: https://blog.alliedmarketresearch.com
Originally published at https://www.einpresswire.com/article/664330788/small-drones-market-size-to-generate-an-estimate-of-24-29-billion-in-2030-at-a-compound-annual-growth-rate-cagr-of-13-16-allied-market-research