Small Drone Market Demand Analysis, Trends in 2021, Growth Status, Industry Share, Opportunities and Challenges to 2027

 The global small drone market size is expected to reach USD 35,009.4 million by 2027 while exhibiting a staggering 24.11% CAGR between 2020 and 2027. This is attributable to the increasing incidence of intrusion across borders and the rising military expenditure that is driving the demand for advanced small drones globally. Fortune Business Insights published this information in its latest report, titled, “Small Drone Market Size, Share & COVID-19 Impact Analysis, By Type (Fixed Wing, Rotary Wing, and Hybrid Wing), By End-use (Military & Defense, Consumer, and Commercial & Civil), By Maximum Take-off Weight (<5 Kg, 5-25 Kg, and 25-150 Kg), and Regional Forecast, 2020-2027.” The report further mentions that the market stood at USD 7,720.3 million in 2019 and is projected to showcase an exponential growth during the forecast period.

High Demand for Small Drones across Healthcare Facilities amid COVID-19 to Surge Demand

The COVID-19 pandemic has led to every vital resource rallying around the healthcare industry to contain its widespread effect across the globe. This has led to an increased demand for advanced small drones for inspection purposes and to collect real-time data across highly infected places. This is expected to boost market growth in the near future.

The small drones are miniature unmanned aircraft that are gaining immense popularity across the military and commercial applications. The adoption of these drones aids in improved efficiency, high accuracy, and excellent productivity in capturing images for several industrial applications.

DRIVING FACTORS

Increasing Military Expenditure to Promote Growth

According to the data by The Balance, the total military expenditure of the United States Army was estimated to be around USD 934 billion in 2020. The increasing spending on military and defense by the governments across the globe is likely to boost the demand for advanced small drones across the globe. Additionally, the rising skirmishes at international borders such as the India-China, China-U.S. conflicts are expected to drive the global small drone market during the forecast period.

 

Browse Detailed Summary of Research Report with TOC:

https://www.fortunebusinessinsights.com/small-drones-market-102227 

List of Top Companies Profiled in the Global Small Drone Market are:

• DJI
• 3D Robotics
• Parrot Drones
• AeroVironment Inc.
• Kespry
• Delair
• Textron
• Autel Robotics USA
• Yuneec
• Northrop Grumman
• BAE Systems
• Israel Aerospace Industries Ltd.
• Elbit Systems Ltd.
• Other Players

What does the Report Include?

The market report includes a detailed assessment of various drivers and restraints, opportunities, and challenges that the market will face during the projected horizon. Additionally, the report provides comprehensive insights into the regional developments of the market, affecting its growth during the forecast period. It includes information sourced from the advice of expert professionals from the industry by our research analysts using several research methodologies. The competitive landscape offers further detailed insights into strategies such as product launches, partnerships, mergers and acquisitions, and collaborations adopted by the companies to maintain market stronghold between 2020 and 2027.