The small UAV market is gaining significant prominence across the globe due to their increasing use in defense and commercial applications. Small UAVs, also known as Mini-drones, provide excellent situational awareness and aerial surveillance capabilities. These drones are compact in size and have a maximum weight of 20 kg, making them highly manoeuvrable. Some key features of small UAVs include high-resolution cameras, collision avoidance sensors, GPS for navigation and long flight durations of over 2 hours.
The Global small UAV Market is estimated to be valued at US$ 6.67 Bn in 2024 and is expected to exhibit a CAGR of 11.% over the forecast period from 2024 to 2031.
Small UAV Market Trends are increasingly being used for defence and ISR operations by militaries worldwide. Additionally, commercial applications of small drones like agriculture monitoring, product deliveries, filmmaking and infrastructure inspections are driving the demand.
Key Takeaways
Key players operating in the small UAV Market are Northrop Grumman, Bayer Tech, DJI, Parrot Drone SAS, Israel Aerospace Industry Ltd., AeroVironment, Inc., Lockheed Martin Corporation, Teledyne FLIR LLC, BAE Systems, Elbit Systems Ltd., AIRBUS, Textron Inc., Autel Robotics, Yuneec, PowerVision Inc., Teledyne Technologies Incorporated , Guangzhou Walkera Technology Co Ltd, Yuneec , Turkish Aerospace Industries, and Others. These players are focusing on developing superior cameras, collision avoidance systems and options for encrypted video transmission.
The growing demand for small drones across industries like agriculture, infrastructure, logistics and filmmaking is a major driver for the market. Precision agriculture has emerged as a major application area with drones being increasingly used for crop monitoring, soil analysis and aerial spraying.
Get More Insights On- Small UAV Market