DUBLIN, Nov. 22, 2022 /PRNewswire/ — The “Global Small Drone Market by Platform (Civil & Commercial and Defense & Government), Type (Fixed Wing, Rotary Wing, and Hybrid), Application, Mode of Operation, Power Source (Fully Powered, Battery Powered) & Region – Forecast to 2027 “ report has been added to ResearchAndMarkets.com’s offering.
The small drone market is projected to grow from USD 3.8 billion in 2022 to USD 6.2 Billion by 2027, at a CAGR of 10.1% from 2022 to 2027.
Based on type, the rotary wing segment is projected to grow at highest CAGR during the forecast period
Based on type, the market has been classified into fixed wing, rotary wing, and hybrid. The fixed-wing segment has been further divided into conventional take-off and landing (CTOL) and vertical take-off and landing (VTOL), while The rotary-wing segment has been classified into single rotor and multirotor. Among these, the rotary wing segment is projected to grow at highest CAGR during the forecast period.
Rotary-wing drones, due to their VTOL capability, can function in a broader range of environments than fixed-wing drones, as they eliminate the requirement of any additional setup or space to facilitate their take-off and landing. These drones to hover over places makes them ideal for filmmaking, surveillance, and imaging applications. Rotary-wing drones are of two types, namely, single rotor or multirotor. The multirotor drones are further classified into bicopters, tricopters, quadcopters, and hexacopters octocopters.
Generally, small multicopter drones use batteries as power sources. This increases their adoption in industrial and recreational activities. DJI (China), AeroVironment (US), and Israel Aerospace Industries (Israel) are prominent players developing multirotor small drones.
Based on mode of operation, fully autonomous segment witnesses strong growth in market during the forecast period
Based on mode of operation, the small drone market has been classified into fully autonomous, remotely piloted, and optionally piloted. The fully autonomous segment is projected to grow at a significant rate during the forecast period. The growth of this segment can be attributed to The cost-effective usage of autonomous small drones in several applications, ranging from defense operations to surveys.
Autonomous small drones are programmable robots that can perform tasks at high altitudes with high-power capacity. These drones can operate in inaccessible areas and provide high-quality results and data as they are equipped with technologically advanced systems. Currently, the market for is smaller than the market for optionally piloted drones.
Autonomous drones are widely used in various military applications. The US is the largest market for these drones; the growth of the market in this country can be attributed to the increased spending of the US Army on the R&D of drones. Autonomous drones are programmed to launch immunity and attack targets without receiving data signals from the operator. The Kargu-2 Quadcopter drone developed by STM (Turkey) is an autonomous drone capable of carrying out an autonomous attack.
According to the United Nations (UN), a fully autonomous drone, such as STM Kargu-2 or a drone of some classified nature, was used in a military conflict in Libya in 2020. The autonomous drone, labeled as lethal autonomous weapon system (LAWS), uses machine …