The small drones market is segmented on the basis of size, type, application, and region. Based on size, it is bifurcated into mini and micro/nano drones. Based on type, it is classified into fixed wing and rotary wing. Defense and commercial are the applications of small drones analyzed in the report. The small drones market in terms of regions covers North America, Europe, Asia-Pacific, and LAMEA with country-level analysis.
The market is driven by factors such as rise in commercial applications and enhanced operational efficiency provided by these small drones. However, threats including lack of skilled pilots and strict airspace regulations hinder the small drones market growth.
The small drones market comprises vendors, such as Lockheed Martin Corporation, Aerovironment Inc., Elbit Systems, Ltd., Parrot SA, 3D Robotics Inc., BAE Systems, Inc., The Boeing Company, SAAB AB, Thales Group, and Textron Inc.
This study comprises analytical depiction of the global small drones market with current trends and future estimations to depict the imminent investment pockets.
The overall market potential is determined to understand the profitable trends for gaining a stronger coverage in the market.
The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
The current market is quantitatively analyzed from 2017 to 2023 to highlight the financial competency of the market.
Porter’s Five Forces analysis illustrates the potency of the buyers and suppliers.
KEY MARKET SEGMENTS
Rest of Europe
Rest of Asia-Pacific
1.1. REPORT DESCRIPTION
1.2. KEY BENEFITS
1.3. KEY MARKET SEGMENTS
1.4. RESEARCH METHODOLOGY
1.4.1. Primary research
1.4.2. Secondary research
1.4.3. Analyst tools and models
CHAPTER 2 EXECUTIVE SUMMARY
2.1. CXO PERSPECTIVES
CHAPTER 3 MARKET OVERVIEW
3.1. MARKET DEFINITION AND SCOPE
3.2. KEY FINDINGS
3.2.1. Top investment pockets
3.3. PORTERS FIVE FORCES ANALYSIS
3.3.1. Low bargaining power of suppliers
3.3.2. High threat of new entrants
3.3.3. Moderate threat of substitutes
3.3.4. High intensity of rivalry
3.3.5. Moderate bargaining power of buyers
3.4. MARKET DYNAMICS
188.8.131.52. Increased operational efficiency with minimal human intervention
184.108.40.206. Growing need for enhanced surveillance
220.127.116.11. Strict airspace regulations
18.104.22.168. Lack of skilled pilots
22.214.171.124. Modernization of military and declining defense budgets of advanced economies
126.96.36.199. Improvement in technologies
3.4.4. Top impacting factors
CHAPTER 4 SMALL DRONES MARKET, BY SIZE
4.2. MINI DRONES
4.2.1. Key market trends
4.2.2. Key growth factors and opportunities
4.2.3. Market size and forecast
4.3. MICRO/NANO DRONES
4.3.1. Key market trends
4.3.2. Key growth factors and opportunities
4.3.3. Market size and forecast
CHAPTER 5 SMALL DRONES MARKET, BY TYPE
5.2. FIXED WING
5.2.1. Key market trends
5.2.2. Key growth factors and opportunities
5.2.3. Market size and forecast
5.3. ROTARY WING
5.3.1. Key market trends
5.3.2. Key growth factors and opportunities
5.3.3. Market size and forecast
CHAPTER 6 SMALL DRONES MARKET, BY APPLICATION
6.2.1. Key market trends
6.2.2. Key growth factors and opportunities
6.2.3. Market size and forecast
6.3.1. Key market trends
6.3.2. Key growth factors and opportunities
6.3.3. Market size and forecast
CHAPTER 7 SMALL DRONES MARKET, BY GEOGRAPHY
7.2. NORTH AMERICA
7.2.1. Key market trends
7.2.2. Key growth factors and opportunities
7.2.3. Market size and forecast
188.8.131.52. Market size and forecast
184.108.40.206. Market size and forecast
220.127.116.11. Market size and forecast
7.3.1. Key market trends
7.3.2. Key growth factors and opportunities
7.3.3. Market size and forecast
18.104.22.168. Market size and forecast
22.214.171.124. Market size and forecast
126.96.36.199. Market size and forecast
7.3.7. Rest of Europe
188.8.131.52. Market size and forecast
7.4.1. Key market trends
7.4.2. Key growth factors and opportunities
7.4.3. Market size and forecast
184.108.40.206. Market size and forecast
220.127.116.11. Market size and forecast
18.104.22.168. Market size and forecast
7.4.7. Rest of Asia-Pacific
22.214.171.124. Market size and forecast
7.5.1. Key market trends
7.5.2. Key growth factors and opportunities
7.5.3. Market size and forecast
7.5.4. Latin America
126.96.36.199. Market size and forecast
7.5.5. Middle East
188.8.131.52. Market size and forecast
184.108.40.206. Market size and forecast
CHAPTER 8 COMPANY PROFILES
8.1. LOCKHEED MARTIN CORPORATION
8.1.1. Company overview
220.127.116.11. Company snapshot
8.1.2. Business performance
8.1.3. Key strategic moves & developments
8.2. AEROVIRONMENT INC.
8.2.1. Company overview
18.104.22.168. Company snapshot
8.2.2. Business performance
8.2.3. Key strategic moves & developments
8.3. ELBIT SYSTEMS, LTD.
8.3.1. Company overview
22.214.171.124. Company snapshot
8.3.2. Business performance
8.3.3. Key strategic moves & developments
8.4. PARROT SA
8.4.1. Company overview
126.96.36.199. Company snapshot
8.4.2. Business performance
8.4.3. Key strategic moves & developments
8.5. 3D ROBOTICS INC.
8.5.1. Company overview
188.8.131.52. Company snapshot
8.5.2. Business performance
8.5.3. Key strategic moves & developments
8.6. BAE SYSTEMS, INC.
8.6.1. Company overview
184.108.40.206. Company snapshot
8.6.2. Business performance
8.6.3. Key strategic moves & developments
8.7. THE BOEING COMPANY
8.7.1. Company overview
220.127.116.11. Company snapshot
8.7.2. Business performance
8.7.3. Key strategic moves & developments
8.8. SAAB AB
8.8.1. Company overview
18.104.22.168. Company snapshot
8.8.2. Business performance
8.8.3. Key strategic moves & developments
8.9. THALES GROUP
8.9.1. Company overview
22.214.171.124. Company snapshot
8.9.2. Business performance
8.9.3. Key strategic moves & developments
8.10. TEXTRON INC.
8.10.1. Company overview
126.96.36.199. Company snapshot
8.10.2. Business performance
8.10.3. Key strategic moves & developments
North America is the leading market for small drones presently, followed by Europe. In 2016, the U.S. dominated the market in Asia-Pacific; similarly, the UK led the overall market in the European region.
The key factors that drive the global small drones market are increased operational efficiency and growth in need for enhanced surveillance. However, factors such as strict airspace regulations and lack of skilled pilots hamper the market growth. Moreover, improvement in technology is expected to provide lucrative opportunities for the market growth.
The mini drones segment dominates the global small drones market. Further, micro/nano drones segment is anticipated to witness the highest growth rate during the forecast period. Among the type of small drones, the rotary wing drones witness the highest revenue in the market owing to its ease of operability in smaller areas in comparison to fixed wing drones.
Small drones are widely used in the defense sector and witness the highest revenue in the same. However, with the increase in adoption of small drones in various commercial applications, it is anticipated to depict highest growth rate in the market.
Key Findings of the Small Drones Market:
The micro/nano drone segment is expected to exhibit a significant increase in the small drones market growth during the forecast period.
In 2016, the rotary wing small drone generated the highest revenue among the small drone types.
The defense segment generated the highest revenue in the small drones market.
Asia-Pacific is anticipated to exhibit a substantial growth during the forecast period.
The key players profiled in the report include Lockheed Martin Corporation, Aerovironment Inc., Elbit Systems, Ltd., Parrot SA, 3D Robotics Inc., BAE Systems, Inc., The Boeing Company, SAAB AB, Thales Group, and Textron Inc.
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.