$6.2 Billion Small Drone Market By 2027 – Exclusive Report by MarketsandMarkets™ – PR Newswire | Ad On Picture

CHICAGO, September 27, 2022 /PRNewswire/ — Small drone market is expected to grow out $3.8 billion 2022 to $6.2 billion to 2027, at a CAGR of 10.1% from 2022 to 2027, according to a new report by MarketsandMarkets™. The market growth is attributed to the growing demand for small patrol drones for maritime border security.

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The global growth of the market is attributed to the increasing adoption of small drones in civil and military applications. Small drones are used extensively in various commercial applications such as photography, product and drug delivery, 3D mapping, data transmission, and confined space inspection and surveillance. They are also used in agriculture, real estate and the oil and gas industry. In the agricultural industry, the use of small drones has led to the development of precision farming, which allows farmers to monitor crop health, keep an eye on irrigation equipment and identify different types of weeds, among other things. Additionally, using drones for photography has become commonplace. Drones are easy to use and can be purchased for less than $500. Utilizing advanced digital techniques, drones can provide beautiful, high-quality aerial photos and videos. One of the main uses of drone photography is for mapping. Drone photographers use both vertical and oblique photos for land use project planning, film production, environmental studies, archaeology, power line inspection, oil and gas surveying, surveillance, commercial advertising, and even art projects. In addition, drones are particularly important for inspecting hard-to-reach places at certain heights or in contaminated environments. The use of drones has modernized the inspection of telecom towers because they can be used to monitor these towers cheaply and in less time. Drones can also be used for aerial assessments of buildings and other infrastructure such as pipelines, power grids, offshore facilities and solar panels.

Based on the platform, the defense and government segment is expected to register the highest growth rate during the forecast period

Based on the platform, the small drone market has been segmented into civil and commercial and defense and government. The civil and commercial segment is further divided into micro and small businesses. While the defense and government segment is further divided into Nano, Micro and Mini. Currently, governments of different countries around the world are using drones for law enforcement and government applications due to their compactness and fast services. Drones are used in the defense sector to provide information on the battlefield. Nowadays, the armed forces of different countries around the world do not fully rely on human scouts to gather information. They use drones as these drones can remain almost invisible to enemy forces. Drones help monitor enemy forces or specific areas and send video feeds to affected ground stations using GPS. These drones are used in ISR operations to record information about potential targets that are otherwise difficult to detect. Developed by US-based AeroVironment and the Defense Advanced Research Projects Agency (DARPA), WASP is deployed on battlefields to conduct surveillance and reconnaissance activities. in the July 2022a drone that rolled across Spanish beaches saved the life of a 14-year-old boy as he battled a strong current.

Based on the applications, it is estimated that the commercial segment will account for a large share in the base year

Based on Application, the Small Drones market has been categorized into Military, Commercial, Government & Law Enforcement, and Consumer. The use of small drones has long been widespread among defense forces around the world. However, recently several investments have been made by public and private sector organizations to develop new and sophisticated UAVs according to their requirements. The potential of UAVs to be used in several potential civil and commercial applications has led to advances in small drones. The civil and commercial applications segment of the small drone market is expected to grow significantly over the next 10 years. For example, small drones are used Japan Spraying pesticides on farms. Amazon (US) plans to use small drones for product delivery in the coming decade. Significant R&D investments have been made in small drones, which have expanded their applicability in mining, surveying and 3D mapping, as well as in oil and gas exploration, film industry, etc.

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That Asia Pacific The region is anticipated to be a high growth potential market for the small drone during the forecast period.

Asia Pacific is known as a global technology and innovation leader. Recently, it was the fastest-growing tech company based on three-year revenue growth percentage. China, MalaysiaSouth Small drone market growth in Asia Pacific can be attributed to the increase in military spending (both defense and internal security) by countries in the region to improve their defense capabilities. Added to this are political tensions Asia Pacific have led to the use of drones to ensure the security of national borders. It is one of the major factors fueling the growth of the small drone market in the region.

The small drone market in Asia Pacific has experienced significant growth driven by innovations in UAV technology, low-cost manufacturing of UAV parts, and increased demand for door-to-door delivery. China, India, Japan, Australiaand South Korea contribute to the growth of the small drone market Asia Pacific.

Major players include DJI (China), Parrot Drone SAS (France), Israel Aerospace Industry Ltd. (Israel), AeroVironment, Inc. (USA) and Lockheed Martin Corporation (USA).

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