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Micro Drone Market is Expected to Grow at a CAGR of 17.2% by 2030

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Micro Drone Market
The rapid spread of COVID-19 had a significant impact on the global micro drone market in 2020, owing to the
implementation of strict lockdown measures across the world. COVID-19 pandemic led to several challenges for
the micro drone industry such as disruption in the supply chain of raw materials, logistics challenges, and others.
On the other hand, the micro drone technology manufacturers had to reduce expansion and R&D investments to
withstand the decline in revenue and operating performance of various companies. The challenges in the
procurement of micro drones for military, homeland security, and commercial applications were observed
throughout the year, and are expected to alleviate in a few years.
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Micro Drone Market
The global micro drone market was valued at $6,717.4 million in 2020, and is projected to reach
$28,910.5 million in 2030, registering a CAGR of 17.2%.
Micro drones are small unmanned aerial vehicles (UAVs) that weigh between 250grams and 2Kg. Micro
drones can be launched by hand or they takeoff vertically, hence require short or no runways. Micro
drones can prove to be highly useful across a wide range of applications such as precision agriculture,
assistance to first responders, and safe inspection of crucial infrastructure such as oil and gas pipelines,
among others.
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Micro Drone Market
Key Benefits For Stakeholders
• This study presents analytical depiction of the global micro drone market analysis along with the current trends
and future estimations to depict imminent investment pockets.
• The overall micro drone market opportunity is determined by understanding profitable trends to gain a stronger
• The report presents information related to key drivers, restraints, and opportunities of the global micro drone
market with a detailed impact analysis.
• The current micro drone market is quantitatively analyzed from 2020 to 2030 to benchmark the financial
• Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the industry.
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Micro Drone Market
Major Companies:
AeroVironment Inc.
Autel Robotics
Elbit Systems Ltd.
Israel Aerospace Industries Ltd.
Kespry Inc.
Skydio, Inc.
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Micro Drone Market
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