UAV Drone IndustryMicro Drone Market to Garner $28.91 Billion in 2030: Allied

November 29, 2021by helo-10

Portland, OR, Oct. 27, 2021 (GLOBE NEWSWIRE) — According to the report published by Allied Market Research, the global micro drone market generated $6.71 billion in 2020, and is expected to reach $28.91 billion in 2030, witnessing a CAGR of 17.2% from 2021 to 2030. The report provides an extensive analysis of changing market dynamics, top segments, top investment pockets, regional landscape, value chain, and competitive scenario.

Increased operational efficiency and rise in demand for improved surveillance drive the growth of the global micro drone market. However, strict drone regulations and lack of skilled & trained personnel hinder the market growth. On the other hand, improvement in drone technologies and surge in defense spending globally present new opportunities in the coming years.

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Covid-19 Scenario:

  • Manufacturing activities of micro-drones stopped due to lockdown measures implemented across many countries. Moreover, disruptions in the supply chain and shortage of raw materials presented challenges in carrying out production with full capacity.
  • Manufacturers needed to hold expansion strategies and R&D investments as total revenue and overall operating performance declined.
  • The challenges were posed in the procurement of micro-drones for various applications including homeland security, military, and commercial during the Covid-19 pandemic, and are expected to reduce in a few years.

The report offers detailed segmentation of the global micro drone market based on type, application, weight, and region.

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Based on type, the rotary wing segment held the highest share in 2020, accounting for more than half of the total share, and is expected to maintain its lead position during the forecast period. Moreover, this segment is expected to manifest the largest CAGR of 18.0% from 2021 to 2030. The research also analyzes the segments including fixed-wing and hybrid & traditional.

Based on application, the civil and commercial segment accounted for the highest share in 2020, holding more than one-fourth of the global micro drone market, and is projected to maintain its leadership status throughout the forecast period. Moreover, this segment is projected to manifest the largest CAGR of 19.1% from 2021 to 2030. The research also analyzes the segments including military, homeland security, consumer, and others.

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Based on region, North America contributed to the largest share in 2020, holding more than one-third of the total share, and is estimated to continue its dominant share in terms of revenue by 2030. However, Asia-Pacific is expected to portray the fastest CAGR of 19.9% during the forecast period.

Leading players of the global micro drone market analyzed in the research include 3DR, Autel Robotics, AeroVironment Inc., Elbit Systems Ltd., DJI, Israel Aerospace Industries Ltd., Hubsan, senseFly, Kespry Inc., and Skydio, Inc.

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Similar Reports We Have on Drone Technology Industry:

Small Drones Market by Size (Mini and Micro), Type (Fixed Wing and Rotary Wing), and Application (Commercial and Defense): Global Opportunity Analysis and Industry Forecast, 2017-2030.

Drone Payload Market by Type (Cameras and sensors, Radar and communication, Weaponry), Users (Defense, Agriculture and environment, Media and entertainment, Energy, Government, Construction and archaeology, transportation, insurance, tourism) – Opportunity Analysis and Industry Forecast, 2014 – 2030.

Commercial Drones Market by Type (Fixed wing drones, Rotary bade drones, Hybrid drones segment), Application (Agriculture and Environment, Media and Entertainment, Energy, Government, Construction & Archaeology) – Global Opportunity Analysis and Industry Forecast, 2014-2030.

Underwater Drone Market by Type (Remotely Operated Vehicle (ROV), Autonomous Underwater Vehicles (AUV), and Hybrid Vehicles), Application (Defense & Security, Scientific Research, Commercial Exploration, and Others), Propulsion System (Electric System, Mechanical System and Hybrid System), and Product Type (Micro, Small and Medium, Light Work-Class, and Heavy Work-Class): Global Opportunity Analysis and Industry Forecast, 2020–2030.

Nano UAV Drones Market by Size (Nano, Micro, and Mini), Wing Type (Fixed-Wing and Rotary Wing), Propulsion System (Hydrogen Cell, Solar Cell, and Lithium-ion), and Application (Military, Law Enforcement, Civil, and Commercial): Global Opportunity Analysis and Industry Forecast, 2021–2030.

Drone Service Market by Type (Drone Platform Services, Drone Maintenance, Repair, and Overhaul (MRO) Services, and Drone Training & Education Services), Duration of Service (Short-Duration Services and Long-Duration Services), Application (Aerial Photography & Remote Sensing, Data Acquisition & Analytics, Mapping & Surveying, Modelling, Disaster Risk Management & Mitigation, Inspection & Environmental Monitoring, and Others), and Solution (Enterprise and Point): Global Opportunity Analysis and Industry Forecast, 2021–2030.

Target Drone Market by Engine Type (IC Engine, Turbojet, and Others), Fit (Line-Fit and Retrofit), Target Type (Aerial, Ground, and Water-Based Targets), Function (Full-Scaled, Sub-Scaled, Free Flying, Towing, and Sporting), Payload (Scoring system, Miss Distance Indicators (MDI) Systems, Identification Friend-Or-Foe (IFF), Active and Passive Radar Augmentation, and Others), and End Users (Defense, Homeland Security, and Commercial): Global Opportunity Analysis and Industry Forecast, 2020-2030.

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.


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