06-Sep-2019 | Zion Market Research
Zion Market Research has published a new report titled “Small Drones Market By Product (Fixed Wing, Hybrid/Transitional, and Rotary Wing), By Maximum Takeoff Weight (Less Than 5 Kilograms, 5 to 25 Kilograms, and 25 to 150 Kilograms), By Size (Micro and Mini), and By Application (Civil & Commercial, Military, Consumer, and Homeland Security): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025”. According to the report, the global small drones market was USD 11.8 billion in 2018 and is expected to reach approximately USD 35.5 billion by 2025, growing at a CAGR of slightly above 17.1% between 2019 and 2025.
Miniature and micro unmanned air vehicles (UAV) are considered as small drones or small unmanned air vehicles (SUAV). These UAVs are extensively compact and can be easily carried by an infantryman. These drones are often used by novice drone pilots who are discovering the UAV world.
Browse the full “Small Drones Market By Product (Fixed Wing, Hybrid/Transitional, and Rotary Wing), By Maximum Takeoff Weight (Less Than 5 Kilograms, 5 to 25 Kilograms, and 25 to 150 Kilograms), By Size (Micro and Mini), and By Application (Civil & Commercial, Military, Consumer, and Homeland Security): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025” Report at https://www.zionmarketresearch.com/report/small-drones-market
The small drones market globally is the increasing number of security concerns at the international level. In major events, these drones are highly preferred for surveillance applications in large cities. The growing demand for safety and surveillance applications is also accelerating the small drones market to a great extent. In order to precisely gather accurate sensitive data by using advanced drones, shortage of skilled drone pilots is observed for both military and commercial purposes. This dearth of skilled workforce is restraining this global market to some extent. Moreover, the rise in the demand for small drones for aerial remote sensing and federal applications are anticipated to generate new market opportunities over the forecast timeframe.
The worldwide small drones market is classified based on the product, maximum takeoff weight, size, and application. The product segment includes hybrid/transitional, rotary wing, and fixed wing. The fixed wing segment is projected to attain a substantial market share in the future, as these drones can cover a wide area in short duration along with showing high endurance. The demand for rotary wing drones is anticipated to grow significantly over the forecast timeframe. By maximum takeoff weight, the market includes 25 to 150 kilograms, 5 to 25 kilograms, and less than 5 kilograms. By size, the small drones market comprises micro and mini. Numerous countries globally are significantly opting for micro drones for various military missions. The application segment includes healthcare, military, civil and commercial, consumer, and homeland security. The military segment will hold a notable market share by the end of 2019. Many developing economies are investing in small drone development with the motive of enhancing their respective military surveillance capability.
The Asia Pacific is estimated to witness the highest growth in the small drones market globally in the years ahead, owing to the increasing drones demand for military applications by numerous Asian economies, such as India, Japan, and China. In recent years, these countries have been observing an increase in their respective military budgets on a yearly basis, which is simultaneously driving the small drones market in the Asia Pacific.
Some leading players involved in the small drones market are Lockheed Martin Corporation, Textron, AeroVironment, 3D Robotics, The Boeing Company, BAE Systems, Thales Group, Parrot, Elbit Systems, SAAB, and Israel Aerospace Industries.
This report segments the global small drones market into:
Small Drones Market: Product Analysis
Small Drones Market: Maximum Takeoff Weight (MTOW) Analysis
Small Drones Market: Size Analysis
Small Drones Market: Application Analysis
Small Drones Market: Regional Analysis
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