Small Drones Market Worth 10.04 Billion USD by 2020
PUNE, India, February 22, 2016 /PRNewswire/ --
The report "Small Drones Market by Application (Defense, Commercial), Size (Micro, Mini, Nano), Payload (Sensor, Telemetry System, Camera, Videoscreen, NBC Detection, SAR, Others), Type, Propulsion Systems, & Region - Global Forecasts to 2020", published by MarketsandMarkets, the market is estimated to reach USD 10.04 Billion by 2020, at a CAGR of 11.6% from 2015 to 2020.
Browse 102 market data Tables and 68 Figures spread through 175 Pages and in-depth TOC on "Small Drones Market"
http://www.marketsandmarkets.com/Market-Reports/small-uav-market-141134567.html
Early buyers will receive 10% customization On this report.
This growth can be attributed to the rising need for efficient border surveillance and general ISR functions, along with for commercial applications such as agriculture, logistics operations, monitoring and surveying globally.
"Commercial segment to dominate the small drones market, among applications"
The commercial segment is projected to grow at a comparatively higher CAGR during the forecast period, primarily owing to huge investments made by major players in the development of small drones for applications in agriculture, transportation, medical, and so on. In Asia-Pacific, the agriculture sector dominates the demand for small drones in the commercial segment, followed by transportation and medical sectors.
"The sensors payload segment to grow the highest during the forecast period"
The Small Drones Market has been segmented and analyzed in terms of payloads, namely, sensors, cameras, telemetry systems, synthetic aperture radar, videoscreen, and others. The overall market is dominated by the sensors segment and is projected to grow at the highest CAGR during the forecast period, primarily driven by the advanced and high capacity sensors to provide high quality data.
"Asia-Pacific & the Middle East to be the opportunistic markets for small drones business"
The global small drones market is dominated by North America, as of 2015, owing to the technological advancements and the rising incidences of terrorism in the region. However, the Middle East and Asia-Pacific are expected to drive the growth of the global small drones market in the coming years, with the Asia-Pacific market projected to grow at the highest CAGR during the forecast period, 2015 to 2020. This rapid growth of the Asia-Pacific market can be attributed to the innovative technology solutions for drones and aiming to manufacture them at the lowest possible cost. The Asia-Pacific market is driven mainly by the increasing investments by China and India for the development of multifunctional small drones in defense as well as commercial applications.
The major players in this market have been identified as Lockheed Martin (U.S.), Elbit Systems (Israel), AeroVironment (U.S.), and Israel Aerospace Industries (Israel), among others.
Inquiry Before Buying : http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=141134567
The report segments and analyzes the small drones market on the basis of size (mini, micro, nano), type (fixed-wing, rotary-wing, others), propulsion systems (lithium-ion, hydrogen cell, solar, hybrid, fuel cell, others), payload (sensors, camera, telemetry systems, SAR, NBC, videoscreen, others), application (defense and commercial), and maps these segments and subsegments across the major regions of the world namely, North America, Europe, Asia-Pacific, the Middle East, Latin America, and Africa.
Browse Related Reports
Unmanned Aerial Vehicles Market by Class (Small, Tactical, Strategic, Special Purpose), Subsystem (Data Link, GCS, and Software), Application (Military, Commercial and Homeland Security), Procurement by Purpose (Procurements, RDT&E, O&M), Payload & Geography - Global Forecast to 2020
http://www.marketsandmarkets.com/Market-Reports/unmanned-aerial-vehicles-uav-market-662.html
VTOL UAV Market by Application (Military, Civil & Commercial, Homeland Security), Type (Multicopter, Helicopter, Hybrid), Size (Large, Medium, Small, Micro), Propulsion, Payloads, Geography - Global Forecast to 2020
http://www.marketsandmarkets.com/Market-Reports/vtol-uav-market-192738850.html
About MarketsandMarkets
MarketsandMarkets is world's No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.
M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical info graphics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
Contact:
Mr. Rohan
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
Tel: + 1-888-600-6441
Email: [email protected]
Visit MarketsandMarkets Blog@ http://mnmblog.org/market-research/aerospace-defence
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets
Share this article