Global Small Drones Market Trends, Applications, Analysis, Growth, and Forecast: 2017 to 2026

MarketResearch.biz delivers in-depth insights on the global small drones market in its upcoming report titled, “Global Small Drones Market Trends, Applications, Analysis, Growth, and Forecast: 2017 to 2026”. The global small drones market is estimated to register a CAGR of X.X% in terms of value during forecast period 2017–2026. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2026. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global small drones market report has been segmented on the basis of size, type, application, and region.

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Drone is made from different light composite materials in order to increase maneuverability while flying and reduce weight. It can be equipped with a variety of additional equipment, including cameras, GPS guided missiles, Global Positioning Systems (GPS), navigation systems, sensors, and so on.

Increasing government expenditure on development of defense sector in developed and developing countries and growing need for enhanced surveillance system are major factors driving growth of the global small drones market. In addition, increasing use of small drones in media, entertainment, news, etc. is another factor expected to support growth of the global small drones market. Moreover, technological advancements in electronic devices leading to miniaturization and small drones used for various purposes such as security, inspection, search and rescue, surveying and mapping, etc. is increasing its demand from various end-use industries and are other factors expected to support growth of the global small drones market.

However, stringent government regulations related to airspace and lack of skilled pilots are major factors expected to retrain growth of the global small drones market to certain extent.

Technological advancements and increasing R&D activities by major manufacturers is expected to present new opportunities in terms of revenue to players operating in the market over the forecast period.

North America market is expected to dominate in the global small drones market with higher revenue share as compared to that of the other regional markets, and is expected to continue its dominance during the forecast period. This can be attributed to well-developed IoT infrastructure, increasing adoption of small drones for surveillance purpose at government headquarters and assemblies and presence of prominent players operating in this region. Asia Pacific market accounts for significant revenue share in the global small drones market followed by markets in Europe, Middle East & Africa and Latin America respectively. The market in Asia Pacific is projected to register fastest growth in terms of revenue, owing increasing government expenditure on defense sector in emerging economies in this region.

Global Small Drones Market Segmentation:

By Size:

• Mini Drones
• Micro/Nano Drones

By Type:

• Fixed Wing
• Rotary Wing

By Application:

• Defense
• Commercial

By Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa