The Global Small Drones Market is projected to reach a value of over USD 36.6 Billion by 2027 at a CAGR of around 16.9%.
Drones also known as unmanned aerial vehicle are defined as the aircraft that do not have any human pilot aboard. Light composite materials are used in manufacturing drones as it helps in increasing mobility during the flight. Various additional equipment such as cameras, missiles, global positioning system, sensors and other hardware are added with drones to increase the scope of applications. Small drones are becoming popular because of their size and convenience. The small drones are mainly used for search and rescue, security, surveillance, aerial photography and videography, among others.
Market Driver:
Military officials have surveillance as an integral part of the operations. The conventional methods of the surveillance imposes threats to the life of the individual performing the operation. In order to eradicate this threat, drones are performing outstanding from last few decades. Drones can capture images and videos of the specified target without creating any danger to the armed forces and can withstand adverse weather conditions. In recent years, during the time of warfare drones have gained popularity and have underwent rapid developments.
Thus, flourishing demand for strengthened surveillance, may contribute to the growth of the small drones market, during the forecast period.
Market Challenge:
Currently the major challenge in the usage of drones is hacking and cyber-attacks. As drones are operates on various technologies that includes artificial intelligence, obstacle detection, and global positioning system (GPS) among others to makes it prone to cyber-attacks. This could lead to losing access of confidential information and control over command of drone, to hackers. The security of wireless networks can be remedy to this challenge.
Thus, security and cyber risks may hamper the growth of the small drones market, during the forecast period.
SMALL DRONES MARKET: REPORT SCOPE
The report on the small drones market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.
Report Features |
Specifics |
---|---|
Historical/Estimated/Forecasted Market Size Years |
2018-2027 |
Base Year for Market Calculation |
2019 |
Forecasted Period |
2020-2027 (2020 estimated year, forecasted up to 2027) |
Measured Units |
Value (USD Million) |
Segments Included |
Lift, Size, Power Source, Payload, End-users, and Region |
Regional Coverage |
North America, South America, Asia-Pacific, Europe, Middle East & Africa |
For the scope of the report, In-depth segmentation is offered by Forencis Research
Small Drones Market, by Lift
Small Drones Market, by Size
Small Drones Market, by Power Source
Small Drones Market, by Payload
Small Drones Market, by End User
Small Drones Market, by Region
60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE SMALL DRONES MARKET STUDY
Note1: Tentative table of contents, may get updated during the course of research.
Note2: Company financial information is subject to availability in public domain
60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE STUDY