Chicago, IL -- (SBWIRE) -- 07/26/2017 -- A drone is an Unmanned Aerial Vehicle (UAV) which looks like an aircraft except without a pilot onboard. While large UAVs are a component of an unmanned aircraft system comprised of proper communication system between the controller and the machine, there are small drones which are used for short distance recordings, surveillance, travel videos, adventure videos or even wildlife recordings. Drones have varied applications in defense sector and commercial sector. The increase in demand for commercial application is driving the growth of the small drones market. This report studies the current as well as future aspects of the growth of small drones market.

The report tracks the major market events including product launches, technological developments, mergers & acquisitions, and the innovative business strategies opted by key market players. Along with strategically analyzing the key micro markets, the report also focuses on industry-specific drivers, restraints, opportunities and challenges in the small drones market. The scope of this report covers the small drones market by its major segments, which include the types, applications, and the major geographic regions.

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The small drones market is divided into five major geographical segments which are North America, Europe, Asia-Pacific, Middle East & Africa and Latin America. The Asia-Pacific region is estimated to witness the highest growth in the forecasted period. The Asia-Pacific market is expected to grow at a fast pace because countries like India, China, Australia and others have high production of small drones used for both commercial and defense purposes. However, factors such as strict airspace regulations in countries such as U.S can hamper the growth of small drones market.

MARKET SEGMENTATION

This report analyzes the small drones market by the following segments:

Small Drones Market, by Application

1. Commercial
2. Defense

Small Drones Market, by Payload

1. Sensors
2. Telemetry Systems
3. Video Screen
4. Camera
5. Others

Small Drones Market, by Size

1. Mini
2. Micro
3. Nano

Small Drones, by Propulsion Systems

1. Lithium Ion Battery
2. Solar
3. Hydrogen Cell
4. Fuel Cell
5. Hybrid

Small Drones Market, by Type

1. Fixed Wing
2. Rotary Wing
3. Others

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