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The small drones market share is expected to increase to USD 8.58 billion from 2021 to 2026, at a CAGR of 13.26%.
The report extensively entails small drones market segmentations by the following:
The small drones market report offers information on several market vendors, including Aeronautics Group, AeroVironment Inc., Autel Intelligent Technology Co., BAE Systems Plc, Elbit Systems Ltd., Holy Stone, Israel Aerospace Industries Ltd., Lockheed Martin Corp., Microdrones GmbH, Northrop Grumman Corp., Parrot Drones SAS, PrecisionHawk Inc., Raytheon Technologies Corp., Saab AB, Shenzhen Hubsan Technology Co. Ltd., Skydio Inc., SZ DJI Technology Co. Ltd., Teledyne Technologies Inc., Thales Group, and Turkish Aerospace Industries Inc. among others.
This small drones market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches.
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The increased operational efficiency is notably driving the small drones market growth, although factors such as restrictive laws and regulations governing UAVs may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the small drones industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Small Drones Market Driver
Key Small Drones Market Trend
Key Small Drones Market Challenge
This small drones market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the small drones market encompasses successful business strategies deployed by the key vendors. The small drones market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The small drones market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
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32% of the market's growth will originate from APAC during the forecast period. China and India are the key markets for small drones market in APAC. Market growth in this region will be slower than the growth of the market in Middle East and Africa.
The increase in technological adoption across the agriculture sector will facilitate the small drones market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
In 2020, the outbreak of COVID-19 had a negative impact on the aerospace and defense industry in the region. However, in 2021, the advent of vaccines and the easing of lockdown measures positively impacted the aerospace and defense industry in the region. This is expected to have a positive impact on the small drones market during the forecast period.
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The small drones market share growth by the rotary-wing segment will be significant during the forecast period. Rotary-wing drones operate like helicopters, wherein their hovering capability enables them to fly in narrow spaces as well as around obstacles. This segment is expected to grow during the forecast period owing to the features such as excellent aerial operations, easy vertical takeoff and landing, as well as high aerial photography efficiency. In addition, rotary-wing drones are much more maneuverable compared to other types of UAVs at low airspeeds as they can quickly and effectively change direction. These factors of rotary-wing drones will drive the small drones market growth during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the small drones market size and actionable market insights on post COVID-19 impact on each segment.
Technavio categorizes the global small drones market as a part of the global industrial machinery market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the small drones market during the forecast period.
Our report provides extensive information on the value chain analysis for the small drones market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
Small Drones Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Decelerate at a CAGR of 13.26% |
Market growth 2022-2026 |
$ 8.58 billion |
Market structure |
Fragmented |
YoY growth (%) |
17.28 |
Regional analysis |
APAC, North America, Europe, Middle East and Africa, and South America |
Performing market contribution |
APAC at 32% |
Key consumer countries |
US, Canada, China, India, and France |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
Aeronautics Group, AeroVironment Inc., Autel Intelligent Technology Co., BAE Systems Plc, Elbit Systems Ltd., Holy Stone, Israel Aerospace Industries Ltd., Lockheed Martin Corp., Microdrones GmbH, Northrop Grumman Corp., Parrot Drones SAS, PrecisionHawk Inc., Raytheon Technologies Corp., Saab AB, Shenzhen Hubsan Technology Co. Ltd., Skydio Inc., SZ DJI Technology Co. Ltd., Teledyne Technologies Inc., Thales Group, and Turkish Aerospace Industries Inc. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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