Sales of Micro Drone Market To Record Exponential Growth During   2023 – 2032 : Fact.MR

The market for micro drones is anticipated to reach US$ 3,398.1 million in 2023 and grow at a healthy 16.8% CAGR between 2023 and 2033. Unmanned air systems (UAS) are now able to fly farther and faster than ever before, as well as carry out ever-sophisticated surveillance operations, due to recent rapid advancements in UAS technology.

These advancements have been driven by advances in size, weight, and power optimised technologies, giving smaller man-powered systems more adaptable tactical capability. An unprecedented level of interest in drones has been sparked by recent advancements in technology.

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Segmentation of Micro Drone Industry Research

  • By Wing type :
    • Fixed Wing
    • Rotary Wing
    • Hybrid Wing
  • By Payload :
    • less than 2 kg
    • 2-5 kg
    • Above 5 kg
  • By Sales Channel :
    • Online Sales
      • Direct to customer
      • Third Party Online
    • Offline Sales
      • Modern Trade Channels
      • Electronic Stores
        • Franchised Store
        • Independent Stores
      • Others
  • By End Use Industry :
    • Agriculture & Forestry
    • Delivery & Logistics
    • Media & Entertainment
    • Construction & Mining
    • Oil & Gas
    • Security & Law Enforcement
    • Recreational Activity
    • Others
  • By Region :
    • North America
    • Latin America
    • Europe
    • East Asia
    • South Asia & Oceania
    • Middle East and Africa (MEA)

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Key Takeaways from Market Study

  • The global micro drone market is projected to reach US$ 16,057.0 million by 2033.
  • The market witnessed 14.3% CAGR between 2018 and 2022.
  • 2-5 kg micro drone in payload segment dominates the market with 48.2% market share in 2023.
  • Under sales channel, offline channel micro drone dominates the market and are valued at US$ 2,611.8 million in 2023.
  • Based on region, demand for micro drone expected to increase at CAGR of 17.9% in East Asia during the forecast period.

Competitive Landscape

The top manufacturers of micro drones are constantly developing innovative product designs to meet the modern challenges associated with component placement in harsh environments. Some prominent players have adopted competitive pricing strategies in the micro drone market. The company has built constructive partnerships and collaborations with governments and end-user industries.

High demand for modern drones and accessories allows market participants to expand their product range. Market participants are concentrating resources and capital on research and development while looking to expand their regional footprint.

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Key Companies Profiled

  • The Boeing company
  • Bae systems Inc.
  • Da-jiang innovations science and technology co. Ltd.
  • Aerovironment Inc.
  • Thales group
  • Financial highlights
  • Microdrones GmbH
  • Saab ab
  • Parrot SA
  • 3D robotics Inc.
  • Textron Inc.
  • Lockheed Martin Corporation
  • Elbit systems ltd.
  • Israel aerospace industries ltd.

Market Development

Micro drones can be easily deployed, can fly anywhere, can operate at night, and can conduct stealth operations. These benefits have prompted governments all over the world to invest in the acquisition and development of numerous micro drones. The security of important institutions has significantly increased due to sophisticated access control and video surveillance systems.

In large cities, micro drones are used to observe gatherings and events. Additionally, a number of government organisations have imposed stringent rules and regulations regarding the placement of micro drones in high-risk areas. During the anticipated period, these factors can help the global micro drone market grow.

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