Microdrones Market Size (2024 - 2030)

The Global Microdrones Market was valued at USD 8.83 Billion and is projected to reach a market size of USD 26.90 Billion by the end of 2030. Over the forecast period of 2024-2030, the market is projected to grow at a CAGR of 17.25%.

Market Overview:

Microdrones are micro aerial vehicles (UAVs) weighing between the scale of 250 grams and 2 kg. They are usually hand-launched or launched vertically and require short or no runways. They have proved to be very useful in a variety of applications. Precision agriculture supports first responders’ microdrones and safety checks for critical infrastructures such as oil and gas pipeline leakages. Government and private businesses, both for military and commercial purposes, are hugely involved in the production and development of efficient and operational microdrones. Microdrones are filled with technology and have a cost-effective edge over other large aerial vehicles. The microdrone market revenue is witnessed to grow at a CAGR of 17.25%.

COVID-19 Impact on the global Microdrones Market:

Manufacturing activities of micro-drones came to a halt due to shutdowns and lockdown measures implemented across the globe. Moreover, disruptions in the global supply chain and shortage of raw materials posed challenges in carrying out production at its full capacity. Manufacturers focussed on various expansion strategies and R&D investments as total revenue and overall operating performance reduced. The challenges were imposed mainly in the procurement procedure of microdrones for several applications including homeland security, military, and commercial during the pandemic, and are anticipated to reduce in a few years.

Market Drivers:

The increasing defence budget in several economies is elevating the microdrone market growth:

Microdrones can fly on their own and quite anonymously and gather data with little to no human involvement that too without having people on board. Due to this, their use in the defence sector has significantly increased worldwide. For instance, Turkish defence giant Aselsan successfully completed its Saka ultra-compact unmanned aerial vehicle in May 2021. (UAV).

The continuous evolution of advanced technologies has boosted the sales of microdrones globally:

Technological advancements have always been a major factor affecting all end-use sectors. The integration of research and development into drones has enabled and progressed the introduction of LiDAR into microdrones. These are generally sensors that output a laser beam onto a specific surface and detect the reflected beam. This technology of drones allows us to apprehend accurate images and implement in the creation of 3D models.

The surging investments in the research and development sector are boosting the global precision optical systems market:
The increasing research and development activities and capital investments by the key players in the global market are likely to foster industry growth. Also, the presence of a well-established industrial sector may fuel the global market by creating a plethora of opportunities for new entrants. Additionally, rapidly increasing defence budgets may augment the microdrone market growth even further. 

Market Restraints: 

The strict and stringent drone regulation system may hamper the global market growth:

Due to the rising application of microdrones, civilians and governments of several developed economies are drafting various laws and regulations regarding the use of these aerial vehicles to protect integral national, historical, and natural areas. Microdrone technology is continuously evolving and so swiftly that policymakers can't keep up with the pace. Different countries have different and complex airspace regulations regarding microdrones. Many countries accept and allow the use of drones, especially for recreational purposes, as not strictly regulated but must be authorized and monitored for safety reasons. There are very strict and stringent laws and regulations against their use, and pilots must make sure that all correct procedures are followed before flying. Strict drone regulations in various countries are anticipated to hinder the growth of the microdrone market during the forecast timeline. As a result, this may restrict market expansion.

MICRODRONES MARKET REPORT COVERAGE:

This research report on the global Microdrones Market has been segmented and sub-segmented based on Type, Applications, Weight, Regions, and Key Companies.

Microdrones Market – By Type

• Fixed-wing

• Rotary-wing

• Hybrid or Transitional

Based on the type, the Microdrones Market has been segmented into 3 segments – Fixed-wing, Rotary-wing, and Hybrid, or Transitional.

Microdrones Market – By Application

• Military

• Civil and Commercial

• Homeland Security

• Consumer

• Others

Based on the application, the Microdrones Market has been segmented into 5 segments – Military, Civil and Commercial, Homeland Security, Consumer, and Others.

Commercial use of drones has enlarged to include additional features such as on-demand deliveries, high-altitude mapping, and search and rescue operations. Unlike large delivery vehicles that need a lot of energy and complex procedure to operate, drones can easily be controlled with remote control and consume much less energy. In addition to the application of commercial drones for rescue missions and disaster reporting, the commercial drone market is flourishing.

Also, with the rapid increase in commercial drone commercialization, surging government spending in the infrastructure sector is anticipated to have a significant impact on the commercial drone market over the forecasted years. Due to the abovementioned facts, the commercial drone type sub-segment of the micro drone market is anticipated to grow rapidly.

Microdrones Market – By Weight

• Less than 1kg

• 1kg – 2 kg

Based on the weight, the Microdrones Market has been segmented into 2 segments – Less than 1 kg and 1kg – 2 kg.  

Microdrones Market – By Region

• North America

• Europe

• Asia-Pacific

• South America

• Middle-East and Africa

Based on region, the Microdrones Market has been segmented into 5 major regions – North America, Europe, Asia-Pacific, South America, Middle-East, and Africa.

The growing microdrone business in the United States needs a hefty amount of investment. As a result, the US micro drone market is anticipated to dominate for the predicted period of time. Operationally, the country is very favourable for the use of microdrones. These micro drones integrate and incorporate various technologies that make them easy to use and maximize their operational efficiency. It helps more and more micro drone manufacturers to make their drones reachable and affordable and increase their presence in both domestic and international markets.

The Chinese drone industry is continuously booming. The country is the second-largest drone market in the world and is predicted to overtake the lead market, the United States, in the anticipated time frame. China, in particular, is increasingly using microdrones to enlarge and expand its next-generation logistics network mainly due to its high population density in the Asia-Pacific region.

Microdrones Market – By Companies

1. The Boeing Company

2. Bae systems Inc.

3. Da-jiang innovations science and technology co. Ltd.

4. Aerovironment Inc.

5. Thales group

6. Financial highlights

7. Microdrones GmbH

8. Saab ab

9. Parrot SA

10. 3D robotics Inc.

11. Textron Inc.

12. Lockheed Martin Corporation

13. Elbit systems ltd.

14. Israel aerospace industries ltd.

The Microdrones Market is highly fragmented and extremely competitive with key players involved in R&D and constant technological innovation done by the vendors.