The Global Small Drones market is estimated at $6.76 billion in 2016 and is expected to reach $14.71 billion by 2023 growing at a CAGR of 12.4% from 2016 to 2023. Increasing demand in commercial applications and rising demand for actionable intelligence are the major factors propelling the market growth.
According to Publisher, 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.
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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.
Some of the key players in the market include 3D Robotics Inc., Aerovironment Inc., BAE Systems, Inc., DA-Jiang Innovations Science and Technology Co., Ltd., ELBIT Systems, Ltd., Financial Highlights, Israel Aerospace Industries Ltd., Lockheed Martin Corporation, Microdrones GmbH, Parrot SA, SAAB AB, Skycatch Inc., Textron Inc., Thales Group and The Boeing Company.
Actuating Mechanisms Covered:
Propulsion Systems Covered:
-Nano Small Drones
-Mini Small Drones
-Micro Small Drones
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-NBC Detection System
-Synthetic Aperture Radar (SAR)
-Disaster And Relief Operations
-Oil & Gas
-Surveillance And Monitoring
-Aerospace And Defence
- Rest of Europe
- New Zealand
- Rest of Asia Pacific
-Rest of the World
- Middle East
- South Africa
17.1 3D Robotics Inc.
17.2 Aerovironment Inc.
17.3 BAE Systems, Inc.
17.4 DA-Jiang Innovations Science and Technology Co., Ltd.
17.5 ELBIT Systems, Ltd.
17.6 Financial Highlights
17.7 Israel Aerospace Industries Ltd.
17.8 Lockheed Martin Corporation
17.9 Microdrones GmbH
17.10 Parrot SA
17.11 SAAB AB
17.12 Skycatch Inc.
17.13 Textron Inc.
17.14 Thales Group
17.15 The Boeing Company
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