Market Definition:
Small drones can be remotely operated to gather information with least human intervention and eliminating the need of human on board. Small drones are also employed in news bulletins, film production, and music videos for producing aerial videos. They are also used to inspect and investigate lands that are remotely located owing to their extended operational capacity. Small drones have gained increased acceptance from various manufacturers for the commercial application in the market over the past few years. Private agencies and government organizations have invested huge amounts in the production and development of innovative and efficient small drones for commercial and defense application, having advanced payloads and better endurance capabilities at a low cost. The market is fueled by factors such as rapid increase in commercial applications and improved operational efficiency. One of the restraining factors for the small drones market is the lack of skilled pilots and stringent airspace regulations for commercial use.
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Market Growth and Analysis:
The global small drones are driven by the need of an enhanced military program for the national defence strategy. An excellent option to achieve this is by the use of unmanned systems for reconnaissance, information gathering, observation, and communication. This has boosted the growth of small drones market for military purposes. Other factors augmenting the growth of small drones market are reduced cost owing to the small size and technical advancements in the current products at a relatively lower price. Need for increased surveillance activities due to rising tension in the international borders is also expected to increase the demand for Small drones over the forecast period.
Market Segment:
The small drones market is classified on the basis of size, applications, payload, product type, and regions. By size, the small drones market is segmented into mini, micro and nano. By application, the small drones market is segmented into commercial and defense. By payload, the small drones market is segmented into Telemetry System, Sensor, Camera, NBC Detection, Videoscreen, and SAR. By product type, the small drones market is segmented into fixed wing and rotary wings. The nano drones market accounts for the major share in the small drones market. The use of small drones in a defence dominated the small drones market in the application.
Key Players:
Some key players in the military laser systems market are Lockheed Martin Corporation, Aerovironment Inc., Parrot SA, Elbit Systems, Ltd., 3D Robotics Inc., The Boeing Company, BAE Systems, Inc., Thales Group, SAAB AB, Textron Inc. The top players in the global small drones market have implemented the strategy of mergers and expansions to maintain their position in the market. Continuous research and development to provide new and better products in the market have helped to gain a major share in the small drones market.
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Regional Analysis:
The market for small drones is evaluated based on five regions namely North America, Europe, Asia-Pacific, Latin America and Middle East. Asia Pacific is responsible for a major share in the small drones market due to increased use of small drones in activities such as logistics, crop monitoring, reconnaissance, wildlife conservation and surveillance in developing countries such as India and China.
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