Small Drones Market Global Scenario, Market Size, Outlook, Trend and Forecast, 2016 – 2025
Global Small Drones Market size is projected to be valued $XX Billion by 2025; with a CAGR of XX% from 2017 to 2025. Drones, also known as unmanned aerial vehicles (UAVs) or unmanned aircraft systems (UASes), is an aircraft without a human pilot aboard that can be remotely controlled or can fly autonomously by softwarecontrolled flight programs in their embedded systems working in conjunction with onboard sensors and GPS. This is made up of light composite materials to reduce weight and increase maneuverability. Most of the drones are often used for military purposes because they don't put a pilot's life at risk in combat zones.
Technological developments and penetration of Small Drones in various sectors are boosting the growth of the global Small Drones market. Moreover, rising demand for process automation in different energy verticals and integration of Small Drones with IT corporates are also expected to fuel the growth of the market. However, demand for more secretive surveillance among the law enforcement agencies and defense forces may hinder the growth of the market. Furthermore, opportunities from various small enterprises from emerging economies and gyro stabilization technology in Small Drones would provide growth in the upcoming years.
The global Small Drones market is segmented based on the size, payload, type, application and geography. Size segment is further segmented into nano drones, micro drones and mini drones. Payload segment can be bifurcated into cameras, sensors, telemetry systems, and others. Type segment can be further bifurcated into fixed wing drones and rotary wing drones. Furthermore, application segment includes defense forces, enforcement agencies, and commercial.
The global Small Drones market by geography is segmented into North America, Europe, Asia-Pacific and Rest of the World (RoW). The U.S. and Canada are covered under North America wherein Europe covers U.K, Germany, France, Russia, Sweden, Italy, and others. Asia-Pacific covers China, India, Japan, South Korea, Australia and others. RoW covers South America, Middle East and Africa.
Major companies operating in the global Small Dronesmarket are Northrop Grumman, Elbit Systems, Israel Aerospace Industries, Aerovironment, Lockheed Martin, Boeing, Aeronautics, Thales, DJI, Parrot, 3D Robotics and Textron among others.
The key takeaways from the report
Scope of Small Drones Market