GLOBAL OPPORTUNITY AND FORECAST Small Drones Market by Size (Mini and Micro), Type (Fixed Wing and Rotary Wing), and Application (Commercial and Defense) GLOBAL SMALL DRONES MARKET

SMALL DRONES MARKET ANALYST REVIEW North America and Europe, together accounted for about 64.6% of the total small drones market in 2016, with the former constituting around 37.4%. From growth perspective, Asia-Pacific and LAMEA are the two potential markets, expected to witness considerable increase in growth rates during the forecast period. At present, these two segments account for 35.4% of the small drones market. Their cumulative contribution in the overall market of the Asia-Pacific and LAMEA regions is anticipated to reach 36.8% by 2023, owing to high market growth over the next seven years. Asia-Pacific is expected to grow at a lucrative rate of 12.5% during the forecast period. Seapee Bajaj Lead Analyst, Aerospace & Defense at AMR

CURRENT AND FUTURE MARKET SCENARIO The global small drones market was valued at $6.2 billion in The global small drones market is projected to reach at $13.4 billion by The global small drones market growing at a CAGR of 11.8% from 2017 to The micro/nano drone segment is expected to exhibit a significant increase in the small drones market growth during the forecast period.

TOP IMPACTING FACTORS TO MARKET GROWTH Growth in Need for Enhanced Surveillance. High threat from terrorism and increase in security concerns globally have led to increased governmental expenditure for small drones. Small drones are used for surveillance of major events in large cities. In addition, several government agencies have mandated strict policies and guidelines to be complied for installation of small drones at high-risk locations. Modernization of Military and Decline in Defense Budgets of Advanced Economies. Various nations are expected to lay out a comprehensive military modernization program as a part of their national defense strategy. These nations are expected to be dependent on unmanned systems for information gathering, reconnaissance, observation, and communication. The reduced cost and advancement in smaller drones are expected to enhance national security at a comparatively lower cost than by using other sophisticated weapons.

SMALL DRONES MARKET SEGMENTATION BY SIZE Mini Drones Micro/Nano Drones Get PDF Sample BY TYPE Fixed Wing Rotary Wing BY APPLICATION Defense Commercial

DOMINATING SEGMENTS MICRO/NANO DRONE SEGMENT DEFENSE SEGMENT The micro/nano drone segment is expected to exhibit a significant increase in the small drones market growth during the forecast period. The defense segment generated the highest revenue in the small drones market.

GEOGRAPHICAL OVERVIEW Based on region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA. In 2016, the rotary wing small drone generated the highest revenue among the small drone types. Asia-Pacific is anticipated to exhibit a substantial growth during the forecast period.

DOMINATING MARKET PLAYERS PROFILED IN THE STUDY 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.

A Report Titled “Small Drones Market- Opportunities And Forecasts, 2017– 2023” has been recently published by Allied Market Research. It makes an In-depth Analysis of current trends, drivers, and restraining factors that affect Financial Ratios relevant to the industry. Company profiles for key vendors in business builds a comprehensive picture of profitable opportunities from Stakeholder’s Perspective. To Know More About Small Drones Market- Opportunities and Forecasts Get PDF Sample Copy Follow Allied Market Research

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