Micro-drone market expected to raise $ 28.91 billion in 2030: Allied
Portland, OR, October 27, 2021 (GLOBE NEWSWIRE) – According to the report published by Allied Market Research, the micro-drones market generated $ 6.71 billion in 2020 and is expected to reach $ 28.91 billion in 2030, with a CAGR of 17.2% from 2021 to 2030. The report provides in-depth analysis of changing market dynamics , main segments, main investment pockets, regional landscape, value chain, and competitive scenario.
Increasing operational efficiency and increasing demand for improved surveillance is driving the growth of the global micro-drones market. However, strict drone regulations and the lack of qualified and trained personnel are hampering the growth of the market. On the other hand, improved drone technologies and increased defense spending globally present new opportunities in the years to come.
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- Micro-drone manufacturing activities have ceased due to lockdown measures implemented in many countries. In addition, disruptions in the supply chain and shortage of raw materials presented challenges in carrying out production at full capacity.
- Manufacturers had to maintain expansion strategies and investments in R&D as total revenue and overall operating performance declined.
- The challenges have arisen in sourcing micro-drones for various applications, including homeland, military and commercial security during the Covid-19 pandemic, and are expected to decrease in a few years.
The report offers detailed segmentation of the global micro drones market on the basis of type, application, weight, and region.
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On the basis of type, the rotary airfoil segment held the highest share in 2020, accounting for more than half of the total share, and is expected to maintain its leading position during the forecast period. Additionally, this segment is expected to have the highest CAGR of 18.0% from 2021 to 2030. The research also analyzes segments comprising fixed and hybrid and traditional wings.
On the basis of applications, the civil and commercial segment accounted for the highest share in 2020, holding more than a quarter of the global micro drones market, and is expected to maintain its leading status throughout the forecast period. Additionally, this segment is expected to post the highest CAGR of 19.1% from 2021 to 2030. The research also analyzes segments including military, homeland security, consumers, and others.
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Based on region, North America contributed the largest share in 2020, holding more than a third of the total share, and is expected to retain its dominant share in terms of revenue by 2030. However, Asia-Pacific is expected to represent the fastest CAGR of 19.9% during the forecast period.
The major players in the global micro-drones 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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Allied Market Research (AMR) is a full-service market research and business consulting division of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global businesses as well as medium and small businesses with unmatched quality of “market research reports” and “business intelligence solutions”. AMR has a focused vision to provide business information and advice to help its clients make strategic business decisions and achieve sustainable growth in their respective market area.
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