Title: Micro Drone Market Surpass $28,910.5 million by 2030
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2Micro 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 RD 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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3Micro 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.Â
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4Micro 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 foothold. - 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 competency. - Porters five forces analysis illustrates the
potency of the buyers and suppliers in the
industry.
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5Micro Drone Market
- Major Companies
- 3DR
- AeroVironment Inc.
- Autel Robotics
- DJI
- Elbit Systems Ltd.
- Hubsan
- Israel Aerospace Industries Ltd.
- Kespry Inc.
- senseFly
- Skydio, Inc.
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6Micro Drone Market
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