Micro Drone Trends and Forecast
The future of the global micro drone market looks promising with opportunities in the military, civil & commercial, homeland security, and consumer markets. The global micro drone market is expected to reach an estimated $7.5 billion by 2030 with a CAGR of 15.7% from 2024 to 2030. The major drivers for this market are growing capital investments and R&D efforts by the major participants, increased use of micro drones for civilian applications, rise in global security concerns and the threat posed by terrorism, as well as, rising usage of micro drones in the defense operations.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Micro Drone by Segment
The study includes a forecast for the global micro drone by type, weight, application, and region.
Micro Drone Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Fixed-Wing
• Rotary-Wing
• Hybrid Or Transitional
Micro Drone Market by Weight [Shipment Analysis by Value from 2018 to 2030]:
• Less Than 1 Kg
• 1 Kg To 2Kg
Micro Drone Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Military
• Civil & Commercial
• Homeland Security
• Consumer
• Others
Micro Drone Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Micro Drone Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies micro drone companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the micro drone companies profiled in this report include-
• 3DR
• ISRAEL AEROSPACE INDUSTRIES
• ELBIT SYSTEMS
• SenseFly
• Skydio
• Autel Robotics
• DJI
• AEROVIRONMENT
• Kespry
• HUBSAN
Micro Drone Market Insights
Lucintel forecasts that rotary-wing will remain the largest segment over the forecast period.
Within this market, civil & commercial will remain the largest segment.
APAC is expected to witness highest growth over the forecast period due to increased military investment by Asia-Pacific countries to strengthen their defense and homeland security capacities.
Features of the Global Micro Drone Market
Market Size Estimates: Micro drone market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Micro drone market size by type, weight, application, and region in terms of value ($B).
Regional Analysis: Micro drone market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different type, weight, application, and regions for the micro drone market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the micro drone market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the micro drone market size?
Answer: The global micro drone market is expected to reach an estimated $7.5 billion by 2030.
Q2. What is the growth forecast for micro drone market?
Answer: The global micro drone market is expected to grow with a CAGR of 15.7% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the micro drone market?
Answer: The major drivers for this market are growing capital investments and R&D efforts by the major participants, increased use of micro drones for civilian applications, rise in global security concerns and the threat posed by terrorism, as well as, rising usage of micro drones in the defense operations.
Q4. What are the major segments for micro drone market?
Answer: The future of the global micro drone market looks promising with opportunities in the military, civil & commercial, homeland security, and consumer markets.
Q5. Who are the key micro drone market companies?
Answer: Some of the key micro drone companies are as follows:
• 3DR
• ISRAEL AEROSPACE INDUSTRIES
• ELBIT SYSTEMS
• SenseFly
• Skydio
• Autel Robotics
• DJI
• AEROVIRONMENT
• Kespry
• HUBSAN
Q6. Which micro drone market segment will be the largest in future?
Answer: Lucintel forecasts that rotary-wing will remain the largest segment over the forecast period.
Q7. In micro drone market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period due to increased military investment by Asia-Pacific countries to strengthen their defense and homeland security capacities.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the micro drone market by type (fixed-wing, rotary-wing, and hybrid or transitional), weight (less than 1 kg and 1 kg to 2kg), application (military, civil & commercial, homeland security, consumer, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Micro Drone Market, Micro Drone Market Size, Micro Drone Market Growth, Micro Drone Market Analysis, Micro Drone Market Report, Micro Drone Market Share, Micro Drone Market Trends, Micro Drone Market Forecast, Micro Drone Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.