Small Drones Market by Size (Mini and Micro), Type (Fixed Wing and Rotary Wing), and Application (Commercial and Defense): Global Opportunity Analysis and Industry Forecast, 2017-2023
Portland, OR -- (SBWIRE) -- 11/30/2017 -- The government organizations and private agencies are investing heavily in the manufacturing and development of efficient and advanced small drones for both defense and commercial sectors. Small drones are equipped with advanced capabilities and have an advantage of cost-effectiveness over other drones and unmanned aerial vehicles (UAVs).
The small drones market is segmented on the basis of size, type, application, and region. Based on size, it is bifurcated into mini and micro/nano drones. Based on type, it is classified into fixed wing and rotary wing. Defense and commercial are the applications of small drones analyzed in the report. The small drones market in terms of regions covers North America, Europe, Asia-Pacific, and LAMEA with country-level analysis.
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The market is driven by factors such as rise in commercial applications and enhanced operational efficiency provided by these small drones. However, threats including lack of skilled pilots and strict airspace regulations hinder the small drones market growth.
The small drones market comprises vendors, such as Lockheed Martin Corporation, Aerovironment Inc., Elbit Systems, Ltd., Parrot SA, 3D Robotics Inc., BAE Systems, Inc., The Boeing Company, SAAB AB, Thales Group, and Textron Inc.
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This study comprises analytical depiction of the global small drones market with current trends and future estimations to depict the imminent investment pockets.
The overall market potential is determined to understand the profitable trends for gaining a stronger coverage in the market.
The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
The current market is quantitatively analyzed from 2017 to 2023 to highlight the financial competency of the market.
Porter's Five Forces analysis illustrates the potency of the buyers and suppliers.