MARKET GROWTH IN SMALL DRONE USAGE
The small drones market, worth USD 5.8 billion in 2023, is estimated to reach USD 10.4 billion by 2030. This reflects a compound annual growth rate of 8.6% from 2023 to 2030, according to a recent report from MarketsandMarkets™. Experts attribute this growth to the expansion of small patrolling drones in marine border security.
For those interested in delving deeper into the “Small Drones Market,” the report spans an exhaustive 420 tables, 65 figures, and 350 pages of detailed content. This coverage encompasses aspects such as market revenue and estimated values through 2023 to 2030, market size, forecast periods, and segments covered. These reports also discuss key market challenges, opportunities, and drivers, as well as key market applications, operations, and power sources. In addition, the report spans market segments, geographical representation and more.
The global expansion of the market can be attributed to the growing adoption of small drones in both civil and military applications. Small drones find widespread use in numerous commercial sectors, including photography, product and medicine delivery, 3D mapping, data transmission, as well as inspection and monitoring in confined spaces. They also play crucial roles in industries such as agriculture, real estate, and oil & gas.
Small drones have been increasingly prevalent in the civil & commercial segment for their applications in photography, agriculture, and monitoring in industrial environments. They are popular among prosumers and hobbyists for their affordability and high-resolution wide-angle photography. The defense & government segment leverages drones for military operations, surveillance, aerial assessments, critical battlefield intelligence, and reconnaissance activities. Drones provide invaluable support in monitoring and gathering crucial information about potential targets, even in hard-to-detect areas.
The Asia Pacific region is considered to be a high growth potential market with major contributions from nations such as South Korea, Malaysia, and of course, China. Small drones find diverse applications in technological innovation, homeland security, defense capabilities, and political stability.
The market is occupied by major players such as DJI (China), Parrot Drone SAS (France), Israel Aerospace Industry Ltd. (Israel), AeroVironment, Inc. (US), and Lockheed Martin Corporation (US).
This massive wave of growth is forecasted to continue. The report serves as an essential resource for stakeholders, looking to invest and capitalize on this soaring potential.
For further insights and opportunities in the realm of small drones, visit MarketsandMarkets™ at: [https://www.marketsandmarkets.com/]
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