Small drones market report projects high growth for Asia Pacific region

A new report, Small Drones 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 – Global Forecast to 2030, says the small drones market is projected to grow from USD 5.8 billion in 2023 to USD 10.4 Billion by 2030, at a CAGR of 8.6% from 2023 to 2030. 

Based on platform, the report says that the civil and commercial segment is expected to see the highest growth during the forecast period, the report notes. In terms of regional trends, Asia-Pacific is projected to experience high growth during the next six years. “The surge in military spending by nations in the Asia-Pacific area to improve their homeland security and defence capabilities is responsible for the expansion of the small drone industry in that region,” the report notes, adding that drones “have also been used to secure national borders as a result of political unrest in the Asia-Pacific region”. In addition, the report says that the low-cost production of drone parts, the growing demand for doorstep delivery, and advancements in technology have all contributed to the growth of the small drone market in Asia-Pacific.