(MENAFN- EIN Presswire) EINPresswire/ -- The global micro drone industry was valued at $6.71 billion in 2020, and is projected to reach $28.91 billion by 2030, registering a CAGR of 9.7% from 2021 to 2030.

Covid-19 Scenario:

Manufacturing activities of micro-drones stopped due to lockdown measures implemented across many countries. Moreover, disruptions in the supply chain and shortage of raw materials presented challenges in carrying out production with full capacity.
Manufacturers needed to hold expansion strategies and R&D investments as total revenue and overall operating performance declined.
The challenges were posed in the procurement of micro-drones for various applications including homeland security, military, and commercial during the Covid-19 pandemic, and are expected to reduce in a few years.

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Increased operational efficiency and rise in demand for improved surveillance drive the growth of the global micro drone market. However, strict drone regulations and lack of skilled & trained personnel hinder the market growth. On the other hand, improvement in drone technologies and surge in defense spending globally present new opportunities in the coming years.

Leading players of the global micro drone market:-

3DR
Autel Robotics
AeroVironment Inc
Elbit Systems Ltd
DJI
Israel Aerospace Industries Ltd
Hubsan
senseFly
Kespry Inc
Skydio, Inc

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North America dominates the market, in terms of revenue, followed by, Europe, Asia-Pacific, and LAMEA. The U.S. dominated the global micro drone market share in North America in 2020, owing to increase in R&D activities; technological developments by key players; rapid adoption of innovative technologies in making reliable, precise, and efficient micros drone technologies. Asia-Pacific is expected to grow at a significant rate during the forecast period, owing to rise in adoption of micro drone across different industry verticals along with huge defense spending by big economies such as China, India, and Japan.

Based on region, North America contributed to the largest share in 2020, holding more than one-third of the total share, and is estimated to continue its dominant share in terms of revenue by 2030. However, Asia-Pacific is expected to portray the fastest CAGR of 19.9% during the forecast period.

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