Ultralight Drone Trends and Forecast
The future of the global ultralight drone market looks promising with opportunities in the photography and entertainment markets. The global ultralight drone market is expected to reach an estimated $793.4 million by 2030 with a CAGR of 16.0% from 2024 to 2030. The major drivers for this market are continuous innovation in drone technology enhances performance and capabilities, increasing use in agriculture, surveillance, and delivery services, and easing of regulations for drone operations in various regions.
• Lucintel forecasts that foldable is expected to witness the higher growth over the forecast period.
• Within this market, photography is expected to witness the higher growth.
• North America is expected to witness highest growth over the forecast period.
United States: Skydio announced its expansion plans to build a new manufacturing facility, aiming to meet the growing demand for ultralight drones, especially in commercial and public safety sectors.
China: DJI introduced the Mavic Mini 2 SE, a compact yet powerful drone targeting hobbyists and professional photographers, emphasizing enhanced battery life and improved camera features.
Germany: The German government launched a €30 million initiative to support local startups in developing next-generation ultralight drones, aiming to boost technological innovation and competitiveness in the global market.
India: IdeaForge secured a significant contract from the Indian Army to supply indigenous ultralight drones for surveillance and reconnaissance, strengthening domestic defense capabilities and promoting local manufacturing.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Ultralight Drone by Segment
The study includes a forecast for the global ultralight drone by type, application, and region.
Ultralight Drone Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Foldable
• Not-Foldable
Ultralight Drone Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Photography
• Entertainment
• Others
Ultralight Drone Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Ultralight 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 ultralight drone companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the ultralight drone companies profiled in this report include-
• Holy Stone
• Autel Robotics
• Potensic
• Odyssey Toys
• Happymodel
• Emax USA
• DJI
Recent Development in the Ultralight Drone Market
DJI: DJI introduces the Mavic Air 2S, boasting a larger 1-inch sensor for enhanced image quality and improved obstacle sensing capabilities, catering to the demands of aerial photography enthusiasts and professionals.
Parrot: Parrot unveils the Anafi USA, a ruggedized drone designed for military and commercial applications, featuring enhanced data security measures and extended flight time, positioning itself as a reliable solution for government agencies and enterprises.
Autel Robotics: Autel Robotics launches the EVO Lite+, a compact and lightweight drone equipped with advanced autonomous flight modes and a high-resolution camera, targeting consumers seeking an affordable yet feature-rich aerial imaging solution.
Skydio: Skydio announces the expansion of its autonomous drone platform with the introduction of Skydio X2, tailored for enterprise use cases such as infrastructure inspection and public safety, promising unparalleled flight autonomy and obstacle avoidance capabilities.
PowerVision: PowerVision unveils the PowerEgg X Wizard, a versatile drone that can also function as a handheld camera and a remote-controlled vehicle, offering users a multifaceted aerial imaging experience with intuitive controls and innovative features.
Features of the Global Ultralight Drone Market
Market Size Estimates: Ultralight drone market size estimation in terms of value ($M).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Ultralight drone market size by type, application, and region in terms of value ($M).
Regional Analysis: Ultralight drone market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the ultralight drone market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the ultralight drone market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the ultralight drone market size?
Answer: The global ultralight drone market is expected to reach an estimated $793.4 million by 2030.
Q2. What is the growth forecast for ultralight drone market?
Answer: The global ultralight drone market is expected to grow with a CAGR of 16.0% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the ultralight drone market?
Answer: The major drivers for this market are continuous innovation in drone technology enhances performance and capabilities, increasing use in agriculture, surveillance, and delivery services and easing of regulations for drone operations in various regions.
Q4. What are the major segments for ultralight drone market?
Answer: The future of the ultralight drone market looks promising with opportunities in the photography and entertainment markets.
Q5. Who are the key ultralight drone market companies?
Answer: Some of the key ultralight drone companies are as follows:
• Holy Stone
• Autel Robotics
• Potensic
• Odyssey Toys
• Happymodel
• Emax USA
• DJI
Q6. Which ultralight drone market segment will be the largest in future?
Answer: Lucintel forecasts that foldable is expected to witness the higher growth over the forecast period.
Q7. In ultralight drone market, which region is expected to be the largest in next 5 years?
Answer: North America is expected to witness highest growth over the forecast period.
Q8. 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 ultralight drone market by type (foldable and not-foldable), application (photography, entertainment, 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?
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