Portland, OR -- (SBWire) -- 06/26/2018 --The government organizations and private agencies are investing heavily in the manufacturing and development of efficient and advanced small drones for both defense and commercial sectors. Small drones are equipped with advanced capabilities and have an advantage of cost-effectiveness over other drones and unmanned aerial vehicles (UAVs).
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The small drones market is segmented on the basis of size, type, application, and region. Based on size, it is bifurcated into mini and micro/nano drones. Based on type, it is classified into fixed wing and rotary wing. Defense and commercial are the applications of small drones analyzed in the report. The small drones market in terms of regions covers North America, Europe, Asia-Pacific, and LAMEA with country-level analysis.
The market is driven by factors such as rise in commercial applications and enhanced operational efficiency provided by these small drones. However, threats including lack of skilled pilots and strict airspace regulations hinder the small drones market growth.
The small drones market comprises vendors, such as Lockheed Martin Corporation, Aerovironment Inc., Elbit Systems, Ltd., Parrot SA, 3D Robotics Inc., BAE Systems, Inc., The Boeing Company, SAAB AB, Thales Group, and Textron Inc.
KEY BENEFITS
This study comprises analytical depiction of the global small drones market with current trends and future estimations to depict the imminent investment pockets.
The overall market potential is determined to understand the profitable trends for gaining a stronger coverage in the market.
The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
The current market is quantitatively analyzed from 2017 to 2023 to highlight the financial competency of the market.
Porter's Five Forces analysis illustrates the potency of the buyers and suppliers.
KEY MARKET SEGMENTS
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BY SIZE
Mini Drones
Micro/Nano Drones
BY TYPE
Fixed Wing
Rotary Wing
BY APPLICATION
Defense
Commercial
BY REGION
North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Rest of Europe
Asia-Pacific
China
Japan
India
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
KEY MARKET PLAYERS PROFILED
Lockheed Martin Corporation
Aerovironment Inc.
Elbit Systems, Ltd.
Parrot SA
3D Robotics Inc.
BAE Systems, Inc.
The Boeing Company
SAAB AB
Thales Group
Textron Inc.
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Small Drones Market: Global Opportunity Analysis and Industry Forecast, 2017-2023
A brief overview of Small Drones Market is provided in the report based on product scope and market status & outlook.