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Small Drones Market by Type and Geography - Forecast and Analysis 2022-2026

  • Published: Jun 2022
  • Pages: 129
  • SKU: IRTNTR73745
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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:

  • Type - Rotary wing, fixed wing, and hybrid wing
  • Geography - APAC, North America, Europe, Middle East and Africa, and South America

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.

What will the Small Drones Market Size be During the Forecast Period?

Small Drones Market Size

Download the Free Report Sample to Unlock the Small Drones Market Size for the Forecast Period and Other Important Statistics

 

Small Drones Market: Key Drivers, Trends, and Challenges

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

  • The increased operational efficiency is one of the key drivers supporting the small drones market growth.
  • Small drones have the ability to fly by themselves and access the regions that are most of the time impossible to reach.
  • Small drones are equipped with computer vision, a camera, face recognition, and other tracking technologies to achieve the intended outcomes and are widely used in defense activities globally.
  • Small drones are used in film production, news bulletins, and music videos for creating aerial videos. They are also used to inspect and investigate lands as they can easily go to those areas which are difficult for humans to access and can stay in operation for significantly longer hours. Such flexibility will drive the small drones market growth during the forecast period.

Key Small Drones Market Trend

  • An increase in demand for improved surveillance is one of the key small drones market trends contributing to the market growth.
  • There is no doubt in saying that there has been a gradual increase in the threat of terrorism, which has led to the increased government expenditure on small drones.
  • Small drones can carry out stealth operations, function at night, operate at any location, and be easily deployed. This has influenced governments of different countries across the globe to increase their investments. 
  • For instance, in February 2020, the Swiss Armed Forces ordered micro-drones from Parrot SA as part of the Swiss Mini UAV Program. In addition, the security of key institutions has been enhanced with advanced video surveillance and access control systems. Such factors are expected to propel the growth of the global small drones market during the forecast period.

Key Small Drones Market Challenge

  • Restrictive laws and regulations governing UAVs is one of the factors impeding the small drones market growth.
  • Small drones are vulnerable to unauthorized use and hacking as they are operated through a computer program. Moreover, they can be easily used in terror attacks against peacekeeping forces or civilians.
  • Significantly, the ease of regulations on small drone applications is likely to provide an advantage for criminals and terrorists to use drones for carrying out terrorism and criminal activities.
  • The defense forces of several nations utilize armed drones, generally called (UCAVs). Large defense agencies use drones for ISR missions, while a few countries, such as the US, the UK, Italy, and China, have their respective combat variant of UAVs. 
  • The small drones are operated through a computer program, which is easy for professional hackers to hack. Therefore, such occurrences can deter the wide adoption of commercial drones, which may hinder the growth of the global small drone market during the forecast period.

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.

Who are the Major Small Drones Market Vendors?

The report analyzes the market's competitive landscape and 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
  • Turkish Aerospace Industries Inc.

 

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.

Product Insights and News

  • Avinc.com - The company offers small drones products such as Dragon Eye, Raven RQ-11A, and Hornet. 
  • Elbitsystems.com - The company offers small drones products such as Skylark LEX mini UAS
  • Iai.co.il - The company offers small drones products for precision agriculture, oil and gas, and first response applications

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.

Which are the Key Regions for Small Drones Market?

Small Drones Market Market segmentation by region

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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.

What are the Revenue-generating Type Segments in the Small Drones Market?

Small Drones Market Segmentation

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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.

Parent Market Analysis

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.

Small Drones Market Value Chain Analysis

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

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What are the Key Data Covered in this Small Drones Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive small drones market growth during the next five years
  • Precise estimation of the small drones market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the small drones industry across APAC, North America, Europe, Middle East and Africa, and South America
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of small drones market vendors

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
      • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by Type

    • 5.1 Market segments
      • Exhibit 24: Chart on Type - Market share 2021-2026 (%)
      • Exhibit 25: Data Table on Type - Market share 2021-2026 (%)
    • 5.2 Comparison by Type
      • Exhibit 26: Chart on Comparison by Type
      • Exhibit 27: Data Table on Comparison by Type
    • 5.3 Rotary wing - Market size and forecast 2021-2026
      • Exhibit 28: Chart on Rotary wing - Market size and forecast 2021-2026 ($ million)
      • Exhibit 29: Data Table on Rotary wing - Market size and forecast 2021-2026 ($ million)
      • Exhibit 30: Chart on Rotary wing - Year-over-year growth 2021-2026 (%)
      • Exhibit 31: Data Table on Rotary wing - Year-over-year growth 2021-2026 (%)
    • 5.4 Fixed wing - Market size and forecast 2021-2026
      • Exhibit 32: Chart on Fixed wing - Market size and forecast 2021-2026 ($ million)
      • Exhibit 33: Data Table on Fixed wing - Market size and forecast 2021-2026 ($ million)
      • Exhibit 34: Chart on Fixed wing - Year-over-year growth 2021-2026 (%)
      • Exhibit 35: Data Table on Fixed wing - Year-over-year growth 2021-2026 (%)
    • 5.5 Hybrid wing - Market size and forecast 2021-2026
      • Exhibit 36: Chart on Hybrid wing - Market size and forecast 2021-2026 ($ million)
      • Exhibit 37: Data Table on Hybrid wing - Market size and forecast 2021-2026 ($ million)
      • Exhibit 38: Chart on Hybrid wing - Year-over-year growth 2021-2026 (%)
      • Exhibit 39: Data Table on Hybrid wing - Year-over-year growth 2021-2026 (%)
    • 5.6 Market opportunity by Type
      • Exhibit 40: Market opportunity by Type ($ million)

    6 Customer Landscape

    • 6.1 Customer landscape overview
      • Exhibit 41: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 42: Chart on Market share by geography 2021-2026 (%)
      • Exhibit 43: Data Table on Market share by geography 2021-2026 (%)
    • 7.2 Geographic comparison
      • Exhibit 44: Chart on Geographic comparison
      • Exhibit 45: Data Table on Geographic comparison
    • 7.3 APAC - Market size and forecast 2021-2026
      • Exhibit 46: Chart on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 47: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 48: Chart on APAC - Year-over-year growth 2021-2026 (%)
      • Exhibit 49: Data Table on APAC - Year-over-year growth 2021-2026 (%)
    • 7.4 North America - Market size and forecast 2021-2026
      • Exhibit 50: Chart on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 51: Data Table on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 52: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 53: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 7.5 Europe - Market size and forecast 2021-2026
      • Exhibit 54: Chart on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 55: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 56: Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 57: Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • 7.6 Middle East and Africa - Market size and forecast 2021-2026
      • Exhibit 58: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 59: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 60: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
      • Exhibit 61: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • 7.7 South America - Market size and forecast 2021-2026
      • Exhibit 62: Chart on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 63: Data Table on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 64: Chart on South America - Year-over-year growth 2021-2026 (%)
      • Exhibit 65: Data Table on South America - Year-over-year growth 2021-2026 (%)
    • 7.8 US - Market size and forecast 2021-2026
      • Exhibit 66: Chart on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 67: Data Table on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 68: Chart on US - Year-over-year growth 2021-2026 (%)
      • Exhibit 69: Data Table on US - Year-over-year growth 2021-2026 (%)
    • 7.9 China - Market size and forecast 2021-2026
      • Exhibit 70: Chart on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 71: Data Table on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 72: Chart on China - Year-over-year growth 2021-2026 (%)
      • Exhibit 73: Data Table on China - Year-over-year growth 2021-2026 (%)
    • 7.10 France - Market size and forecast 2021-2026
      • Exhibit 74: Chart on France - Market size and forecast 2021-2026 ($ million)
      • Exhibit 75: Data Table on France - Market size and forecast 2021-2026 ($ million)
      • Exhibit 76: Chart on France - Year-over-year growth 2021-2026 (%)
      • Exhibit 77: Data Table on France - Year-over-year growth 2021-2026 (%)
    • 7.11 Canada - Market size and forecast 2021-2026
      • Exhibit 78: Chart on Canada - Market size and forecast 2021-2026 ($ million)
      • Exhibit 79: Data Table on Canada - Market size and forecast 2021-2026 ($ million)
      • Exhibit 80: Chart on Canada - Year-over-year growth 2021-2026 (%)
      • Exhibit 81: Data Table on Canada - Year-over-year growth 2021-2026 (%)
    • 7.12 India - Market size and forecast 2021-2026
      • Exhibit 82: Chart on India - Market size and forecast 2021-2026 ($ million)
      • Exhibit 83: Data Table on India - Market size and forecast 2021-2026 ($ million)
      • Exhibit 84: Chart on India - Year-over-year growth 2021-2026 (%)
      • Exhibit 85: Data Table on India - Year-over-year growth 2021-2026 (%)
    • 7.13 Market opportunity by geography
      • Exhibit 86: Market opportunity by geography ($ million)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • 8.3 Impact of drivers and challenges
          • Exhibit 87: Impact of drivers and challenges in 2021 and 2026
        • 8.4 Market trends

          9 Vendor Landscape

          • 9.1 Overview
            • 9.2 Vendor landscape
              • Exhibit 88: Overview on Criticality of inputs and Factors of differentiation
            • 9.3 Landscape disruption
              • Exhibit 89: Overview on factors of disruption
            • 9.4 Industry risks
              • Exhibit 90: Impact of key risks on business

            10 Vendor Analysis

            • 10.1 Vendors covered
              • Exhibit 91: Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 92: Matrix on vendor position and classification
            • 10.3 AeroVironment Inc.
              • Exhibit 93: AeroVironment Inc. - Overview
              • Exhibit 94: AeroVironment Inc. - Business segments
              • Exhibit 95: AeroVironment Inc. - Key news
              • Exhibit 96: AeroVironment Inc. - Key offerings
              • Exhibit 97: AeroVironment Inc. - Segment focus
            • 10.4 Elbit Systems Ltd.
              • Exhibit 98: Elbit Systems Ltd. - Overview
              • Exhibit 99: Elbit Systems Ltd. - Product / Service
              • Exhibit 100: Elbit Systems Ltd. - Key offerings
            • 10.5 Israel Aerospace Industries Ltd.
              • Exhibit 101: Israel Aerospace Industries Ltd. - Overview
              • Exhibit 102: Israel Aerospace Industries Ltd. - Product / Service
              • Exhibit 103: Israel Aerospace Industries Ltd. - Key news
              • Exhibit 104: Israel Aerospace Industries Ltd. - Key offerings
            • 10.6 Lockheed Martin Corp.
              • Exhibit 105: Lockheed Martin Corp. - Overview
              • Exhibit 106: Lockheed Martin Corp. - Business segments
              • Exhibit 107: Lockheed Martin Corp. - Key news
              • Exhibit 108: Lockheed Martin Corp. - Key offerings
              • Exhibit 109: Lockheed Martin Corp. - Segment focus
            • 10.7 Northrop Grumman Corp.
              • Exhibit 110: Northrop Grumman Corp. - Overview
              • Exhibit 111: Northrop Grumman Corp. - Business segments
              • Exhibit 112: Northrop Grumman Corp. - Key news
              • Exhibit 113: Northrop Grumman Corp. - Key offerings
              • Exhibit 114: Northrop Grumman Corp. - Segment focus
            • 10.8 Parrot Drones SAS
              • Exhibit 115: Parrot Drones SAS - Overview
              • Exhibit 116: Parrot Drones SAS - Product / Service
              • Exhibit 117: Parrot Drones SAS - Key offerings
            • 10.9 Raytheon Technologies Corp.
              • Exhibit 118: Raytheon Technologies Corp. - Overview
              • Exhibit 119: Raytheon Technologies Corp. - Business segments
              • Exhibit 120: Raytheon Technologies Corp. - Key news
              • Exhibit 121: Raytheon Technologies Corp. - Key offerings
              • Exhibit 122: Raytheon Technologies Corp. - Segment focus
            • 10.10 SZ DJI Technology Co. Ltd.
              • Exhibit 123: SZ DJI Technology Co. Ltd. - Overview
              • Exhibit 124: SZ DJI Technology Co. Ltd. - Product / Service
              • Exhibit 125: SZ DJI Technology Co. Ltd. - Key offerings
            • 10.11 Teledyne Technologies Inc.
              • Exhibit 126: Teledyne Technologies Inc. - Overview
              • Exhibit 127: Teledyne Technologies Inc. - Business segments
              • Exhibit 128: Teledyne Technologies Inc. - Key news
              • Exhibit 129: Teledyne Technologies Inc. - Key offerings
              • Exhibit 130: Teledyne Technologies Inc. - Segment focus
            • 10.12 Thales Group
              • Exhibit 131: Thales Group - Overview
              • Exhibit 132: Thales Group - Business segments
              • Exhibit 133: Thales Group - Key offerings
              • Exhibit 134: Thales Group - Segment focus

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Inclusions and exclusions checklist
                • Exhibit 135: Inclusions checklist
                • Exhibit 136: Exclusions checklist
              • 11.3 Currency conversion rates for US$
                • Exhibit 137: Currency conversion rates for US$
              • 11.4 Research methodology
                • Exhibit 138: Research methodology
                • Exhibit 139: Validation techniques employed for market sizing
                • Exhibit 140: Information sources
              • 11.5 List of abbreviations
                • Exhibit 141: List of abbreviations
              • in manufacturing industry: Market dynamics in some major processes and discrete industries are changing drastically, and manufacturers are gradually feeling the brunt of excessive demand fluctuations. The fluctuating prices of oil and gas and metals in the global market and the shortage of a skilled workforce worldwide have directly affected the profitability of manufacturing companies. A sudden and unexpected shift in market dynamics can drastically impact manufacturing processes and investments in capital goods.
                • slowdown in the automotive industry: High motorization rates in North America and Europe, the increase in tariffs on imported vehicles in the US and China, and the global economic slowdown are likely to reduce vehicle sales in the coming years. Anticipating a decline in vehicle sales, several vehicle manufacturers are halting their vehicle production. For instance, in March 2019, Ford announced the shutdown of its three vehicle-manufacturing sites in Russia. Similarly, in August 2019, Mahindra and Mahindra Ltd. stopped vehicle production at its manufacturing units in India for 8-14 days. During the same month, Maruti Suzuki announced that it had cut its vehicle production for the sixth consecutive month in 2019. In August 2019, Honda announced a halt in car production at its Argentina-based manufacturing plants. Such a slowdown in the automotive industry is expected to hamper the growth of the market during the forecast period.

                  Research Framework

                  Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

                  TechnavioINFORMATION SOURCES

                  Primary sources

                  • Manufacturers and suppliers
                  • Channel partners
                  • Industry experts
                  • Strategic decision makers

                  Secondary sources

                  • Industry journals and periodicals
                  • Government data
                  • Financial reports of key industry players
                  • Historical data
                  • Press releases
                  Technavio

                  TechnavioDATA ANALYSIS

                  Data Synthesis

                  • Collation of data
                  • Estimation of key figures
                  • Analysis of derived insights

                  Data Validation

                  • Triangulation with data models
                  • Reference against proprietary databases
                  • Corroboration with industry experts
                  Technavio

                  TechnavioREPORT WRITING

                  Qualitative

                  • Market drivers
                  • Market challenges
                  • Market trends
                  • Five forces analysis

                  Quantitative

                  • Market size and forecast
                  • Market segmentation
                  • Geographical insights
                  • Competitive landscape
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                  Small Drones Market market growth will increase by $8.58 bn during 2022-2026.
                  The small drones market market is expected to grow at a CAGR of 13.26% during 2022-2026.
                  Technavio has segmented the small drones market market by type (Rotary wing, Fixed wing, and Hybrid wing) and geography (APAC, North America, Europe, Middle East and Africa, and South America).
                  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, Turkish Aerospace Industries Inc. are a few of the key vendors in the small drones market market.
                  APAC will register the highest growth rate of 32% among the other regions. Therefore, the small drones market market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
                  The key factors driving the small drones market market growth are:
                  • Increases operational efficiency
                  • Increase in demand for improved surveillance
                  The small drones market market vendors should focus on grabbing business opportunities from the rotary wing segment as it accounted for the largest market share in the base year.
                  • What are the key global market and the regional market share?
                  • What are the revenue-generating key market segments?
                  • What are the key factors driving and challenging this market’s growth?
                  • Who are the key market vendors and their growth strategies?
                  • What are the latest trends influencing the growth of this market?
                  • What are the variables influencing the market growth in the primary regions?
                  • What are the factors influencing the growth of the parent market?
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