Market Research Report
Small Drones Market by Type (Fixed-Wing, Rotary-Wing, Hybrid/Transitional), Application, MTOW (<5 kg, 5-25 kg, 25-150 kg), Payload (Camera, CBRN Sensors, Electronic Intelligence Payload, Radar), Power Source, and Region - Global Forecast to 2025
|Published by||MarketsandMarkets||Product code||296881|
|Published||Content info||200 Pages
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|Small Drones Market by Type (Fixed-Wing, Rotary-Wing, Hybrid/Transitional), Application, MTOW (<5 kg, 5-25 kg, 25-150 kg), Payload (Camera, CBRN Sensors, Electronic Intelligence Payload, Radar), Power Source, and Region - Global Forecast to 2025|
|Published: September 24, 2018||Content info: 200 Pages||
The small drones market is projected to grow from USD 13.40 billion in 2018 to USD 40.31 billion by 2025, at a CAGR of 17.04% during the forecast period. Small Unmanned Aerial Vehicles (SUAVs) are remotely piloted aerial vehicles that have a significant role in the defense as well as commercial sectors. SUAVs are commonly termed as small drones and are being increasingly used for border surveillance. They are also used in various commercial applications such as monitoring, surveying & mapping, precision agriculture, aerial remote sensing, and product delivery. Thus, the increasing use of small drones in commercial and military applications is one of the most significant factors projected to drive the growth of the small drones market. Exemptions made by the Federal Aviation Administration (FAA) to allow the use of small drones in several industries are also contributing to the growth of the small drones market. Lack of air traffic management infrastructure for UAVs is one of the factors restraining the growth of this market.
Based on type, the rotary wing segment is estimated to lead the small drones market in 2018. Rotary-wing drones have the ability of vertical take-off and landing, thereby making them suitable for use in commercial and military applications.
Based on MTOW, the 5-25 kilograms segment is estimated to lead the small drones market in 2018. The growth of this segment can be attributed to the extensive use of small drones by defense forces worldwide to achieve situational awareness for threat evaluation during ISR operations.
The North American region is estimated to lead the small drones market in 2018. The US and Canada are key countries considered for market analysis in this region. The increase in defense expenditure of the US and Canada and the presence of major UAV manufacturers in North America are key factors contributing to the growth of the small drones market in this region.
Break-up of profiles of primary participants for this report:
Key players operating in the small drones market include: Northrop Grumman (US), Textron (US), Boeing (US), DJI (China), Parrot (France), 3D Robotics (US), and AeroVironment (US).
This research study covers the segmentation of the small drones market on the basis of type (fixed wing, rotary wing, and hybrid/transitional), power source (lithium-ion, hybrid cells, solar cells, and fuel cells), application (military, civil & commercial, homeland security, and consumer), payload (cameras, CBRN sensors, electronic intelligence payload and radars), MTOW (<5 kilograms, 5-25 kilograms, and 25-150 kilograms). These segments and subsegments are mapped across regions such as North America, Europe, Asia Pacific, the Middle East, Latin America, and Africa. The report provides in-depth market intelligence regarding key factors such as drivers, opportunities, and industry-specific challenges influencing the growth of the small drones market. It also offers an analysis of micromarkets with respect to individual growth trends, prospects, and their contribution to the small drones market.
From an insight perspective, the small drones market report focuses on various levels of analyses-industry analysis, market share analysis of top players, and company profiles, which together comprise and discuss basic views on the competitive landscape; high-growth regions & countries and their respective regulatory policies; and drivers, opportunities, and challenges.
The small drones market report provides insights on the following pointers:
*Details on Overview, Products and Services, Financials, Strategy & Development might not be Captured in case of Unlisted Companies