Small UAV Market Size was valued at USD 10.5 Billion in 2022. The Small UAV market industry is projected to grow from USD 12.44 Billion in 2023 to USD 48.52 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 18.44% during the projected timeframe (2023 - 2032). The increasing use of tiny unmanned aerial vehicles (UAVs) in commercial applications such as surveying, mapping, tracking, aerial surveillance, shipment of goods, and precision farming are the key market drivers contributing to market growth and expansion.
Source Secondary Research, Primary Research, MRFR Database, and Analyst Review
The growing use of small UAVs is driving market growth.
The rising use of small UAVs in commercial applications drives Market CAGR for Small UAVs. The market's expansion is largely attributed to the increasing usage of tiny UAVs in the defense sector in different countries worldwide. Furthermore, the usage of tiny UAVs in different commercial use cases such as precision farming, shipment of goods, aerial surveillance, and surveying and tracking has recently increased, fueling the development of the small UAV industry. Furthermore, adopting drones in agriculture is a critical factor driving market growth. However, security and safety concerns and a need for more competent air traffic controllers across multiple nations are anticipated to limit the market's expansion in the future years. The rapid increase in tiny unmanned aerial vehicles (UAVs) usage by defense forces worldwide has been a significant growth driver in the industry. Furthermore, the increasing usage of tiny UAVs in commercial applications such as mapping, visualization, surveillance, airborne reconnaissance, shipment of goods, and precision farming has considerably increased the market's growth.
Additionally, UAV use for border safety and monitoring has grown significantly in developing nations. The Middle East is a perfect example of this, with Israel developing as a major producer and exporter of Drones. Small UAVs are in high demand in the construction sector for applications such as surveying land, 3D and 2D mapping and visualization, reducing waste, tracking progress, and project site monitoring, and this is seen as a significant potential for leading companies globally. Small unmanned aerial vehicles (UAVs) are rapidly being used in Africa's agriculture business for soil scanning, population of fish tracking, pesticide spraying, monitoring of crops, and weed and insect identification, to mention a few applications.
Because of the temporary stoppage of multiple manufacturing facilities and diminished demand, the COVID-19 epidemic has had a crippling effect on the tiny UAVs business. With the increased emphasis on containing the propagation of SARS-CoV-2, participants in the worldwide market are attempting to strengthen their supply chains and speed up their operations to limit future revenue losses. Furthermore, with the progressive lifting of the shutdown across nations and the new coronavirus within management, the worldwide market will be able to recover more quickly in the coming years.
For instance, according to the Stockholm International Peace Research Institute, worldwide military and defense spending in 2020 would exceed USD 1,981 billion. Most military expenditure came from significant nations, with China, the United States, and India being the leading military and defense technology importers worldwide. Furthermore, increased border tensions in numerous nations due to disputes over borders will fuel demand for tiny drones. Thus, demand for Small UAVs is anticipated to increase throughout the projected timeframe due to the growing use of small UAVs. Thus, driving the Small UAV market revenue.
Small UAV Type Insights
The Small UAV market segmentation, based on type, includes Micro and Mini. The Micro category dominated the market, accounting for 70% of market revenue (USD 7.4 Billion) in 2022. The category for micro continues to increase rapidly since they enable remote monitoring of risky settings normally inaccessible to vehicles on the ground.
Figure 1: Small UAV Market, by Type, 2022 & 2032 (USD Billion)
Source Secondary Research, Primary Research, MRFR Database, and Analyst Review
Small UAV Application Insights
The Small UAV market segmentation, based on Applications, includes Civil Commercial, Military Defense, and others. The civil commercial category generated the highest market revenue of about 65% (USD 6.8 billion) in 2022. There is a high need for it in the defense industry for observation and monitoring applications. The business sector is also seeing increased requests for rotary-wing aircraft for applications such as wildlife surveys, agriculture, firefighting, rescue missions, imaging, disaster preparedness, and enforcement of laws.
Small UAV Platform Insights
The Small UAV market segmentation, based on Platform, includes Fixed-Wing, Rotary-Wing, and Others. The rotary-wing segment dominated the market, accounting for 59% of market revenue (USD 6.2 Billion) in 2022. Small UAVs are increasingly used for various purposes, such as surveying, monitoring, remote sensing, and mapping.
Small UAV Regional Insights
By region, the research provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The North American Small UAV market area will dominate during the projected timeframe, owing to the growing military and defense sector being to blame for the remarkable growth rate, which will boost the market growth in the North American area.
Further, the major countries studied in the market report are the US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 2: Small UAV Market Share by Region 2022 (USD Billion)
Source Secondary Research, Primary Research, MRFR Database, and Analyst Review
Europe region’s Small UAV market accounts for the second-highest market share because of the growing interest in drone photography, precise farming, and disaster assistance. Furthermore, the rising demand for these items for transportation is likely to support regional market expansion. Further, the German Small UAV market holds the largest market share, and the UK Small UAV market is expected to grow and expand significantly in the European region during the projected timeframe.
The Asia-Pacific Small UAV Marketis expected to grow quickly during the projected timeframe. This is due to the increasing forces that need modern tools during key missions. Moreover, China’s Small UAV market dominates the market share, and the Indian Small UAV market is expected to expand and grow steadily in the Asia-Pacific region during the projected timeframe.
Leading market players invested heavily in research and Development (R&D) to scale up their manufacturing units and develop technologically advanced solutions, which will help the Small UAV market grow worldwide. Market participants are also undertaking various organic or inorganic strategic approaches to strengthen and expand their footprint, with significant market developments including new product portfolios, contractual deals, mergers and acquisitions, capital expenditure, higher investments, and strategic alliances with other organizations. Businesses are also coming up with marketing strategies such as digital marketing, social media influencing, and content marketing to increase their scope of profit earnings. The Small UAV industry must offer cost-effective and sustainable options to survive in a highly fragmented and dynamic market climate.
Manufacturing locally to minimize operational expenses and offer aftermarket services to customers is one of the critical business strategies organizations use in the Small UAV industry to benefit customers and capture untapped market share and revenue. The Small UAV industry has recently offered significant advantages to the Aerospace & Defense industry. Moreover, more industry participants are utilizing and adopting cutting-edge technology has grown substantially. Major players in the Small UAV market, including Lockheed Martin (US), Aibotix (Germany), BAE Systems (UK), AeroVironment Inc. (US), DJI (China), Elbit Systems Ltd. (Israel), Prox Dynamics (Norway), Israel Aerospace Industries Ltd. (Israel), SAAB (Sweden), are attempting to expand market share and demand by investing in R&D operations to produce sustainable and affordable solutions.
Honeywell International Inc. is a technologically advanced American firm that produces aircraft and automotive equipment, homes, businesses, industrial automation systems, special-purpose chemicals and polymers, and engineered materials. AlliedSignal and Honeywell merged to establish the current firm in 1999. The company's offices are located in New Jersey. Honeywell confirmed the release of the updated satellite communications system for the Nuuva V300, V20, and Surveyor aircraft in August 2021. The most recent device is the globe's smallest SATCOM system, yet it is packed with capabilities found aboard a jetliner.
Amazon.com, the classic example of e-commerce, is a web-based shopping site, producer of computerized book viewers, and Web services supplier. The company's office is located in Seattle, Washington. Amazon.com is a massive Internet-based business offering music, movies, books, electronics, toys, and a wide range of other products, directly or as an intermediary between other shops and Amazon's millions of consumers. According to Wired, Amazon cut off over 100 employees in its Prime Air subsidiary. The division's mission was to render delivery by drone possible for Amazon, and the company has been experimenting with its Prime Air drones throughout the United Kingdom since 2016.
For Instance, August 2021 Honeywell confirmed the release of the updated satellite communications system for the Nuuva V300, V20, and Surveyor aircraft in August 2021. The most recent device is the globe's smallest SATCOM system, yet it is packed with capabilities found aboard a jetliner.
For Instance, August 2021 According to Wired, Amazon cut off over 100 employees in its Prime Air subsidiary. The division's mission was to render delivery by drone possible for Amazon, and the company has been experimenting with its Prime Air drones throughout the United Kingdom since 2016.
For Instance, January 2021 Parrot, a European pioneer in industrial drones, has partnered with ANAFI USA to serve as the French Defence Procurement Agency's primary provider of micro-drones. The French soldiers will employ Parrot's ANAFI USA small UAV technology throughout their reconnaissance and surveillance sorties.
Small UAV Type Outlook
| Report Attribute/Metric | Details |
| Market Size 2022 | USD 10.5 Billion |
| Market Size 2023 | USD 12.44 Billion |
| Market Size 2032 | USD 48.52 Billion |
| Compound Annual Growth Rate (CAGR) | 18.44% (2023-2032) |
| Base Year | 2022 |
| Market Forecast Period | 2023-2032 |
| Historical Data | 2018- 2022 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Type, Application, Platform, and Region |
| Geographies Covered | North America, Europe, Asia Pacific, and the Rest of the World |
| Countries Covered | The US, Canada, German, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled | Â Lockheed Martin (US), Aibotix (Germany), BAE Systems (UK), AeroVironment Inc. (US), DJI (China), Elbit Systems Ltd. (Israel), Prox Dynamics (Norway), Israel Aerospace Industries Ltd. (Israel), SAAB (Sweden) |
| Key Market Opportunities | Using unmanned aerial vehicles (UAVs) for border safety and monitoring has expanded significantly in developing nations. |
| Key Market Dynamics | Increasing use of tiny unmanned aerial vehicles (UAVs) in commercial applications such as surveying, mapping, tracking, aerial surveillance, shipment of goods, and precision farming |
Frequently Asked Questions (FAQ) :
The Small UAV market size was valued at USD 10.5 Billion in 2022.
The High-Performance FC market is estimated to grow at a CAGR of 18.44% during the projected timeframe.
North American area has the highest percentage of the market.
The key players in the market are Lockheed Martin (US), Aibotix (Germany), BAE Systems (UK), AeroVironment Inc. (US), DJI (China), Elbit Systems Ltd. (Israel), Prox Dynamics (Norway), Israel Aerospace Industries Ltd. (Israel), SAAB (Sweden).
The Micro category dominated the market in 2022.
Civil Commercials had the largest share of the market.
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