$40+ Billion Small Drones (Fixed-Wing, Rotary-Wing, Hybrid/Transitional) Market - Global Forecast to 2025 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Oct 1, 2018--The “Small Drones Market by Type (Fixed-Wing, Rotary-Wing, Hybrid/Transitional), Application, MTOW (<5 kg, 5-25 kg, 25-150 kg), Payload (Camera, CBRN Sensors, Electronic Intelligence Payload, Radar), Power Source, and Region - Global Forecast to 2025” report has been added to ResearchAndMarkets.com’s offering.
The small drones market is projected to grow from USD 13.40 billion in 2018 to USD 40.31 billion by 2025, at a CAGR of 17.04% during the forecast period.
Small Unmanned Aerial Vehicles (SUAVs) are remotely piloted aerial vehicles that have a significant role in the defense as well as commercial sectors. SUAVs are commonly termed as small drones and are being increasingly used for border surveillance. They are also used in various commercial applications such as monitoring, surveying & mapping, precision agriculture, aerial remote sensing, and product delivery. Thus, the increasing use of small drones in commercial and military applications is one of the most significant factors projected to drive the growth of the small drones market.
Exemptions made by the Federal Aviation Administration (FAA) to allow the use of small drones in several industries are also contributing to the growth of the small drones market. Lack of air traffic management infrastructure for UAVs is one of the factors restraining the growth of this market.
Based on type, the rotary wing segment is estimated to lead the small drones market in 2018. Rotary-wing drones have the ability of vertical take-off and landing, thereby making them suitable for use in commercial and military applications.
Based on MTOW, the 5-25 kilograms segment is estimated to lead the small drones market in 2018. The growth of this segment can be attributed to the extensive use of small drones by defense forces worldwide to achieve situational awareness for threat evaluation during ISR operations.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Small Drones Market, By Type
8 Small Drones Market, By Application
9 Small Drones Market, By MTOW
10 Small Drones Market, By Payload
11 Small Drones Market, By Power Source
12 Regional Analysis
13 Competitive Landscape
14 Company ProfilesNorthrop Grumman Elbit Systems Israel Aerospace Industries Aerovironment Lockheed Martin Boeing Aeronautics Thales DJI Parrot 3D Robotics Textron Raytheon Turkish Aerospace Industries Saab Microdrones
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Related Topics:Unmanned Aerial Vehicles (UAVs) - Drones,Military Unmanned Systems
INDUSTRY KEYWORD: MANUFACTURING AEROSPACE DEFENSE OTHER DEFENSE
SOURCE: Research and Markets
Copyright Business Wire 2018.
PUB: 10/01/2018 11:04 AM/DISC: 10/01/2018 11:04 AM