Unmanned Aerial Vehicle The latest drone news
(MENAFN- Comserve)
Shibuya-ku, Tokyo, Japan, Japan, Sep 05, 2022, 01:24 /Comserve / — 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).
“The small drones market is projected to grow at a CAGR of 17.04% during the forecast period.”
The small drones market is projected to grow from USD 13.40 billion in 2022 to USD 40.31 billion by 2031, 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.
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“Based on type, the rotary wing UAVs segment is estimated to lead the small drones market in 2018.”
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.”
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.
“North America is estimated to lead the small drones market in 2018.”
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:
• By Company Type: Tier 1 – 35%, Tier 2 – 45%, and Tier 3 – 20%
• By Designation: C Level – 35%, Manager Level – 40%, and Director Level – 25%
• By Region: North America – 45%, Europe – 20%, Asia Pacific – 30%, and RoW – 5%
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).
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Research Coverage
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 (
Reasons to buy the report:
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:
• Market Penetration: Information regarding the competitive landscape of the small drones market
• Market Sizing: The estimated market size in 2018 and projection of the market from 2018 to 2025
• Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the small drones market
• Market Overview: Market dynamics and subsequent analysis of associated trends as well as drivers, opportunities, and challenges prevailing in the small drones market
• Market Development: Comprehensive information about lucrative markets – the report analyzes the market for small drones across various regions
• Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the small drones market
• Regional Analysis: Factors influencing market share of North America, Europe, Asia Pacific, the Middle East, Latin America, and Africa
• Competitive Assessment: In-depth assessment of strategies, products, and manufacturing capabilities of leading market players.
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