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(Transportation-News.com, June 13, 2018 ) Global Small Drones market is estimated at $6.76 billion in 2018 and is expected to reach $18.21 billion by 2025 growing at a CAGR of 15.4% from 2018 to 2025. Increasing demand in commercial applications and rising demand for actionable intelligence are the major factors propelling the market growth. Whereas privacy concerns owing to stringent government regulations and lack of professional pilots are the factors hampering the market growth. Controlling accidents of the drones is the major challenging factor for the market.
Based on propulsion system, Lithium-Ion segment holds the largest market share and is expected to move at highest CAGR during forecast period. Aerospace And Defence in industry segment accounted for largest market share owing to the vast applications in military. Asia Pacific is the leading market, and is also anticipated to observe the highest growth. The major reason for the high growth is increasing usage of small drones in this region for crop monitoring, surveillance and logistics. There is huge demand from economies like India, China, South Korea and more.
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The small drones market is majorly driven by the factors such as growing need for enhanced surveillance, most advanced payloads technologies. The demand from law enforcement agencies and defense forces for enhanced surveillance in order to maintain law and order in an area, and to monitor the combat area or border area with maximum accuracy is driving the market for small drones. The miniature drones are equipped with most advanced payloads technologies which increases the data recording accuracy. The growing need for miniature drones with advanced technology is boosting the market to grow in future.
The major factor hindering the growth of the market for small drones is the strict airspace regulations in the developed as well as developing countries. The small drone’s manufacturers are facing challenges in meeting the demand for manufacturing drones with latest technology due to the strict airspace regulations set by the government in different regions across the globe. The drones with advanced technology can hinder cross the limitation set by the government during surveillance or other applications. Another, major limitation in the small drones market is the lack of skilled pilots to fly these small and advanced drones in order to gather accurate data. The lack of skilled labor prevails in the commercial as well as in military forces, and this factor is impacting negatively on the market for small drones.
The small drones market has potential opportunities in future to grow such as autonomous small drones especially for military purpose, and price reduction of the small drones. The defense forces worldwide lack the benefit of autonomous drones which can be beneficial during any combat or surveillance and reconnaissance operation. The autonomous small drones can perform every task automatically without any manned pilot operating it to perform tasks. This could be highly advantageous for the defense forces. The manufacturers in the small drones market are focusing on this potential opportunity in order to help the defense forces. Another most prominent opportunity for small drones market to grow is the price reduction, which is limiting the commercial sector to adopt the small drones.
The market for small drones is segmented on basis of size, payload, type application and geography. On basis of size, the small drones market is segmented as mini drones, micro drones and nano drones. Micro drones dominated the market; however, mini drones are anticipated to boost the market in the future at a higher pace. The different payloads fitted on to the small drones are sensors, cameras, telemetry systems, and others. Among the different payloads, the sensors captured the market for small drones followed by the cameras. Telemetry systems are projected to grow at substantial pace over the years, leading the market for small drones to grow rapidly. Based on types, the market for small drones is bifurcated as fixed wing drones and rotary wing drones. Fixed wings small drones are the most attractive drones in the current scenario, while the rotary wings small drones are poised to fuel the market in future. The small drones are applicable in areas such as law enforcement agencies, defense forces, and commercial. The defense forces captured the largest market while commercial sector is expected to be the fastest growing application in the small drones market. The small drones market is segmented regionally as North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Highlights of the report:
A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market
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TOC :
Global Small Drone Market Professional Survey Report 2018
1 Industry Overview of Small Drone
1.1 Definition and Specifications of Small Drone
1.1.1 Definition of Small Drone
1.1.2 Specifications of Small Drone
1.2 Classification of Small Drone
1.2.1 Fixed Wing
1.2.2 Rotary Wing
1.2.3 Others
1.3 Applications of Small Drone
1.3.1 Commercial
1.3.2 Military
1.3.3 Others
1.4 Market Segment by Regions
1.4.1 North America
1.4.2 Europe
1.4.3 China
1.4.4 Japan
1.4.5 Southeast Asia
1.4.6 India
2 Manufacturing Cost Structure Analysis of Small Drone
2.1 Raw Material and Suppliers
2.2 Manufacturing Cost Structure Analysis of Small Drone
2.3 Manufacturing Process Analysis of Small Drone
2.4 Industry Chain Structure of Small Drone
3 Technical Data and Manufacturing Plants Analysis of Small Drone
3.1 Capacity and Commercial Production Date of Global Small Drone Major Manufacturers in 2017
3.2 Manufacturing Plants Distribution of Global Small Drone Major Manufacturers in 2017
3.3 R&D Status and Technology Source of Global Small Drone Major Manufacturers in 2017
3.4 Raw Materials Sources Analysis of Global Small Drone Major Manufacturers in 2017
4 Global Small Drone Overall Market Overview
4.1 2013-2018E Overall Market Analysis
4.2 Capacity Analysis
4.2.1 2013-2018E Global Small Drone Capacity and Growth Rate Analysis
4.2.2 2017 Small Drone Capacity Analysis (Company Segment)
4.3 Sales Analysis
4.3.1 2013-2018E Global Small Drone Sales and Growth Rate Analysis
4.3.2 2017 Small Drone Sales Analysis (Company Segment)
4.4 Sales Price Analysis
4.4.1 2013-2018E Global Small Drone Sales Price
4.4.2 2017 Small Drone Sales Price Analysis (Company Segment)
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