The report also classifies payloads which include sensor payload, camera, telemetry, NBC detection, and autopilot.

Pune, India -- (SBWire) -- 10/22/2015 --According to market research "Small UAV Market by Application (Military, Commercial & Civil, Homeland Security), by Payloads (EO, LiDAR, Laser Designator, Meteorological sensors, Cameras, Telemetry, Autopilot, and NBC detection), by Propulsion System (Hybrid, Hydrogen cell, Solar, Lithium-ion battery), by Geography - Market Forecast and Analysis to 2014 – 2020" The global SUAV is expected to register growth with CAGR of12.31%, and reach $1.9billion by the end of 2020. Increase in civil and military applications remains the driving factors for the global small UAV market.

Browse more than 70 market data tables with 81 figures spread through 269 pages and in-depth TOC on "Small UAV Market

Due to economic downturn, major countries like U.S. and the U.K. are witnessing economic difficulties. The U.S. has witnessed budget cuts in the recent past and it is likely to continue in the near future. The U.S. has announced the budget cut of $178 billion during 2011-2015. Any budget cut in these countries could slow down the defense industry. Despite these facts, the SUAV market is booming and lot of money is spent on the research and development of SUAVs.

The regional analysis offers the market share and size for the major regions of North America, Europe, APAC, the Middle East, Latin America, and Africa. Wherein, the Small UAV market is majorly acquired by North America and APAC region. During the forecast period, the market share for the regions of Africa and the Middle East are estimated to grow at a high CAGR.

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Small UAV are flexible to applications depending on the payloads attached. The various types of payloads that can be attached to the SUAV include sensors, cameras, telemetry, Nuclear, Biological, and Chemical (NBC) detection, autopilots, and several others. There are different types of sensor payloads such as electro-optics, surveillance, laser, and meteorology amongst others. These payloads have increased the capability of SUAVs in the commercial sectors. However, the market for small UAV is currently being restrained, largely by the regulation of unmanned operations in civilian airspace. However, in future, regulatory changes are expected to increase the huge potential of this market.

The unrest in Asian countries due to terrorist attacks and political disputes has increased the SUAV spending. Regions such as North America, Asia-Pacific, and Europe currently hold the largest share of SUAVs. However, the Middle Eastern and African countries have a high potential of growth in this sector.

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The penetration rate of military applications in the SUAV market is the highest when compared to the commercial, civil, and homeland security applications. However, the market of SUAV in the commercial and civil application is estimated to overtake the homeland security application's market by 2020.

India, South Korea, China, Germany, France and Australia are the new growth regions, due to their developments in mini and micro UAV segment.

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