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Small UAV Market By Type (Fixed-Wing, Rotary-Wing, Hybrid), By Application (Military, Commercial, Civil, Agricultural, Environmental Monitoring, Others), By Payload Capacity (Less than 5 kg, 5 kg to 10 kg, More than 10 kg) and By Region; Global Insights & Forecast (2024 – 2030)

Published: November, 2024  
|   Report ID: AD4237  
|   Aerospace & Defense

As per Intent Market Research, the Small UAV Market was valued at USD 15.9 billion in 2023 and will surpass USD 73.2 billion by 2030; growing at a CAGR of 24.4% during 2024 - 2030.

The small UAV (Unmanned Aerial Vehicle) market is rapidly evolving, driven by advancements in technology and increasing demand across various sectors. These versatile drones, characterized by their lightweight design and flexibility, are being deployed in numerous applications ranging from military reconnaissance to agricultural monitoring. As industries recognize the benefits of aerial data collection and surveillance, the market for small UAVs is expected to witness substantial growth. The expansion of regulatory frameworks and the integration of AI and machine learning are further enhancing the capabilities of small UAVs, making them invaluable tools in various operational contexts.

Fixed-Wing UAVs Segment Is Largest Owing to Flight Efficiency and Range

Within the type segmentation, fixed-wing UAVs represent the largest subsegment, primarily due to their superior flight efficiency and extended operational range. Unlike rotary-wing UAVs, fixed-wing UAVs utilize a fixed structure to generate lift, allowing them to cover greater distances and fly for extended periods without needing frequent recharges. This efficiency makes them ideal for applications that require extensive aerial surveillance, mapping, and data collection, particularly in military and environmental monitoring.

Moreover, fixed-wing UAVs are capable of carrying larger payloads compared to their rotary-wing counterparts, enabling them to be outfitted with advanced sensors and imaging technologies. As industries increasingly turn to drones for large-scale monitoring projects—such as wildlife surveys, infrastructure inspections, and disaster management—the demand for fixed-wing UAVs is expected to rise significantly. Their ability to operate in diverse environments and handle various payloads solidifies their position as the dominant type of small UAV in the market.

Small UAV Market By Type

Agricultural Applications Segment Is Fastest Growing Owing to Precision Farming Needs

In the application category, the agricultural segment is the fastest growing, driven by the rising adoption of precision farming techniques. Farmers are increasingly utilizing small UAVs for crop monitoring, soil analysis, and yield prediction, enabling them to make data-driven decisions that enhance productivity. This technology allows for real-time assessment of crop health, irrigation needs, and pest control, ultimately leading to optimized resource use and reduced environmental impact.

The integration of advanced sensors and imaging capabilities in agricultural UAVs allows farmers to gather detailed data over large areas quickly. As the global population continues to rise, the demand for food production will increase, making efficient agricultural practices essential. Consequently, the agricultural applications segment of the small UAV market is poised for rapid expansion, as more farmers and agribusinesses recognize the value of leveraging drone technology to improve efficiency and sustainability.

Rotary-Wing UAVs Segment Is Largest Owing to Versatility and Maneuverability

Among the type categories, rotary-wing UAVs (drones) are notable for their versatility and maneuverability, making them a preferred choice for various applications. These UAVs are capable of Vertical Takeoff and Landing (VTOL), allowing them to operate in confined spaces and diverse environments. This unique feature is particularly advantageous for applications in urban areas, where traditional fixed-wing UAVs may struggle to navigate.

Rotary-wing UAVs are widely used across multiple sectors, including military, commercial, and civil applications. Their ability to hover, make tight turns, and capture high-resolution imagery from different angles enhances their utility in tasks such as aerial photography, search and rescue operations, and infrastructure inspections. As demand for versatile and adaptable drone solutions continues to grow, the rotary-wing UAV segment is well-positioned to thrive in the competitive landscape of the small UAV market.

Payload Capacity Segment of 5 kg to 10 kg Is Fastest Growing Owing to Increasing Demand for Versatile Drones

In terms of payload capacity, the segment of UAVs capable of carrying between 5 kg to 10 kg is the fastest growing. This capacity range allows for the integration of advanced sensors, cameras, and other equipment, making these UAVs suitable for a wide array of applications. The versatility provided by this payload capacity enables users to customize their drones for specific missions, whether for environmental monitoring, agricultural applications, or commercial deliveries.

As industries increasingly seek to leverage drone technology for complex tasks, the demand for UAVs with mid-range payload capacities is anticipated to rise. This growing interest is fueled by advancements in drone technology, which enable higher payload capacities without compromising flight efficiency. The ability to transport various payloads, combined with the expanding range of applications, positions the 5 kg to 10 kg payload capacity segment for significant growth within the small UAV market.

North America Is the Largest Region Owing to Technological Advancements and Military Investments

North America emerges as the largest region in the small UAV market, largely due to significant investments in drone technology and military applications. The region is home to several leading companies that are at the forefront of UAV innovation, driving the development of advanced systems for both military and commercial use. The U.S. military, in particular, has made substantial investments in small UAVs to enhance reconnaissance and operational capabilities, further bolstering the market.

Additionally, North America benefits from a favorable regulatory environment that encourages the adoption of UAV technology across various sectors. The Federal Aviation Administration (FAA) has been proactive in establishing regulations that facilitate commercial drone operations while ensuring safety. As industries in North America continue to explore the potential of small UAVs for applications such as aerial surveying, agricultural monitoring, and environmental assessments, the region is expected to maintain its leadership position in the global small UAV market.

Small UAV Market share by region

Competitive Landscape and Leading Companies

The small UAV market is characterized by a highly competitive landscape, with numerous companies striving to capture market share through innovation and strategic partnerships. Key players such as DJI Technology, AeroVironment, and Northrop Grumman are recognized for their advanced UAV solutions and strong brand presence. These companies are actively investing in research and development to enhance their product offerings and meet the evolving demands of various industries.

Moreover, mergers and acquisitions are common in this market, as companies seek to expand their technological capabilities and product portfolios. As the market continues to evolve, businesses that prioritize technological advancements, regulatory compliance, and customer-centric solutions will be well-positioned to succeed in the dynamic landscape of small UAVs. The increasing adoption of drone technology across diverse applications will further fuel competition, driving innovation and expanding market opportunities for all participants.

Recent Company News Involving Small UAVs

  • DJI recently introduced a new agricultural drone model designed for precision farming, featuring enhanced imaging capabilities and automated flight paths for efficient crop monitoring.
  • AeroVironment announced the acquisition of a leading custom UAV solutions provider to expand its portfolio and enhance its offerings for military and commercial applications.
  • Parrot Drones has partnered with environmental NGOs to deploy small UAVs for wildlife monitoring and conservation efforts, leveraging drone technology for ecological studies.
  • Northrop Grumman unveiled a next-generation small UAV designed for surveillance and reconnaissance missions, equipped with advanced sensors for enhanced situational awareness.
  • The European Union has introduced a new regulatory framework for UAV operations, aiming to streamline licensing processes and enhance safety standards for commercial drone use.

List of Leading Companies:

  • 3D Robotics, Inc.
  • AeroVironment, Inc.
  • Airware, Inc.
  • Altavian, Inc.
  • DJI Technology Co., Ltd.
  • DroneDeploy, Inc.
  • Flyability S.A.
  • General Atomics
  • Insitu, Inc. (subsidiary of Boeing)
  • Kespry, Inc.
  • Northrop Grumman Corporation
  • Parrot Drones S.A.
  • senseFly (a Parrot Company)
  • Skycatch, Inc.
  • Yuneec International

Report Scope:

Report Features

Description

Market Size (2023)

USD 15.9 billion

Forecasted Value (2030)

USD 73.2 billion

CAGR (2024 – 2030)

24.4%

Base Year for Estimation

2023

Historic Year

2022

Forecast Period

2024 – 2030

Report Coverage

Market Forecast, Market Dynamics, Competitive Landscape, Recent Developments

Segments Covered

Small UAV Market By Type (Fixed-Wing UAVs, Rotary-Wing UAVs, Hybrid UAVs), By Application (Military, Commercial, Civil, Agricultural, Environmental Monitoring, Others), By Payload Capacity (Less than 5 kg, 5 kg to 10 kg, More than 10 kg)

Regional Analysis

North America (US, Canada, Mexico), Europe (Germany, France, UK, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, South Korea, Australia, India, and Rest of Asia-Pacific), Latin America (Brazil, Argentina, and Rest of Latin America), Middle East & Africa (Saudi Arabia, UAE, Rest of Middle East & Africa)

Customization Scope

Customization for segments, region/country-level will be provided. Moreover, additional customization can be done based on the requirements

1. Introduction

   1.1. Market Definition

   1.2. Scope of the Study

   1.3. Research Assumptions

   1.4. Study Limitations

2. Research Methodology

   2.1. Research Approach

      2.1.1. Top-Down Method

      2.1.2. Bottom-Up Method

      2.1.3. Factor Impact Analysis

  2.2. Insights & Data Collection Process

      2.2.1. Secondary Research

      2.2.2. Primary Research

   2.3. Data Mining Process

      2.3.1. Data Analysis

      2.3.2. Data Validation and Revalidation

      2.3.3. Data Triangulation

3. Executive Summary

   3.1. Major Markets & Segments

   3.2. Highest Growing Regions and Respective Countries

   3.3. Impact of Growth Drivers & Inhibitors

   3.4. Regulatory Overview by Country

4. Small UAV Market, by Type (Market Size & Forecast: USD Million, 2022 – 2030)

   4.1. Fixed-Wing UAVs

   4.2. Rotary-Wing UAVs

   4.3. Hybrid UAVs

5. Small UAV Market, by Application (Market Size & Forecast: USD Million, 2022 – 2030)

   5.1. Military

   5.2. Commercial

   5.3. Civil

   5.4. Agricultural

   5.5. Environmental Monitoring

   5.6. Others

6. Small UAV Market, by Payload Capacity (Market Size & Forecast: USD Million, 2022 – 2030)

   6.1. Less than 5 kg

   6.2. 5 kg to 10 kg

   6.3. More than 10 kg

7. Regional Analysis (Market Size & Forecast: USD Million, 2022 – 2030)

   7.1. Regional Overview

   7.2. North America

      7.2.1. Regional Trends & Growth Drivers

      7.2.2. Barriers & Challenges

      7.2.3. Opportunities

      7.2.4. Factor Impact Analysis

      7.2.5. Technology Trends

      7.2.6. North America Small UAV Market, by Type

      7.2.7. North America Small UAV Market, by Application

      7.2.8. North America Small UAV Market, by Payload Capacity

      7.2.9. By Country

         7.2.9.1. US

               7.2.9.1.1. US Small UAV Market, by Type

               7.2.9.1.2. US Small UAV Market, by Application

               7.2.9.1.3. US Small UAV Market, by Payload Capacity

         7.2.9.2. Canada

         7.2.9.3. Mexico

*Similar segmentation will be provided for each region and country

   7.3. Europe

   7.4. Asia-Pacific

   7.5. Latin America

   7.6. Middle East & Africa

8. Competitive Landscape

   8.1. Overview of the Key Players

   8.2. Competitive Ecosystem

      8.2.1. Level of Fragmentation

      8.2.2. Market Consolidation

      8.2.3. Product Innovation

   8.3. Company Share Analysis

   8.4. Company Benchmarking Matrix

      8.4.1. Strategic Overview

      8.4.2. Product Innovations

   8.5. Start-up Ecosystem

   8.6. Strategic Competitive Insights/ Customer Imperatives

   8.7. ESG Matrix/ Sustainability Matrix

   8.8. Manufacturing Network

      8.8.1. Locations

      8.8.2. Supply Chain and Logistics

      8.8.3. Product Flexibility/Customization

      8.8.4. Digital Transformation and Connectivity

      8.8.5. Environmental and Regulatory Compliance

   8.9. Technology Readiness Level Matrix

   8.10. Technology Maturity Curve

   8.11. Buying Criteria

9. Company Profiles

   9.1. 3D Robotics, Inc.

      9.1.1. Company Overview

      9.1.2. Company Financials

      9.1.3. Product/Service Portfolio

      9.1.4. Recent Developments

      9.1.5. IMR Analysis

*Similar information will be provided for other companies 

   9.2. AeroVironment, Inc.

   9.3. Airware, Inc.

   9.4. Altavian, Inc.

   9.5. DJI Technology Co., Ltd.

   9.6. DroneDeploy, Inc.

   9.7. Flyability S.A.

   9.8. General Atomics

   9.9. Insitu, Inc. (subsidiary of Boeing)

   9.10. Kespry, Inc.

   9.11. Northrop Grumman Corporation

   9.12. Parrot Drones S.A.

   9.13. senseFly (a Parrot Company)

   9.14. Skycatch, Inc.

   9.15. Yuneec International

10. Appendix

 

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A comprehensive market research approach was employed to gather and analyze data on the Small UAV Market. In the process, the analysis was also done to analyze the parent market and relevant adjacencies to measure the impact of them on the Small UAV Market. The research methodology encompassed both secondary and primary research techniques, ensuring the accuracy and credibility of the findings.

Research Approach - Small UAV Market

Secondary Research

Secondary research involved a thorough review of pertinent industry reports, journals, articles, and publications. Additionally, annual reports, press releases, and investor presentations of industry players were scrutinized to gain insights into their market positioning and strategies.

Primary Research

Primary research involved conducting in-depth interviews with industry experts, stakeholders, and market participants across the Small UAV ecosystem. The primary research objectives included:

  • Validating findings and assumptions derived from secondary research
  • Gathering qualitative and quantitative data on market trends, drivers, and challenges
  • Understanding the demand-side dynamics, encompassing end-users, component manufacturers, facility providers, and service providers
  • Assessing the supply-side landscape, including technological advancements and recent developments

Market Size Assessment

A combination of top-down and bottom-up approaches was utilized to analyze the overall size of the Small UAV Market. These methods were also employed to assess the size of various subsegments within the market. The market size assessment methodology encompassed the following steps:

  1. Identification of key industry players and relevant revenues through extensive secondary research
  2. Determination of the industry's supply chain and market size, in terms of value, through primary and secondary research processes
  3. Calculation of percentage shares, splits, and breakdowns using secondary sources and verification through primary sources

Small UAV Market  - bottom up and top down

Data Triangulation

To ensure the accuracy and reliability of the market size, data triangulation was implemented. This involved cross-referencing data from various sources, including demand and supply side factors, market trends, and expert opinions. Additionally, top-down and bottom-up approaches were employed to validate the market size assessment.

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