The airborne drones have gained immense popularity over the decades. Initially, the drones were developed for the military purpose, however, with the advent of drones for the usage in commercial applications, the market for drones witnessed exponential growth trajectory. In recent years, the technology leaders along with several aerospace companies are introducing miniaturized technologies, which is attracting several commercial consumers, defense forces and law enforcement agencies across the globe.
"Global Small Drones Market Analysis to 2028"
is a specialized and in-depth study of the aerospace and defense industry with a special focus on the global market trend analysis. The report aims to provide an overview of the Small Drones market with detailed market segmentation by type, propulsion type, end user and geography. The report provides key statistics on the market status of the leading Small Drones market players and offers key trends and opportunities in the market.
- On the basis of the type, the market is segmented as Fixed Wing Small Drones and Rotary Wing Small Drones
- On the basis of propulsion type, the market is segmented as battery, solar power, and hydrogen cell.
- Based on End User, the market is segmented into Commercial, Defense, and Law Enforcement.
- increasing application in maritime patrol by the defense forces and homeland security teams
- several well-established parcel delivery service companies use small UAVs to deliver the consignment within a short span of time.
- the manufacturers of small drones are constantly upgrading their technologies to increase the payload
- several restrictions and regulations of use of Small Drones in commercial application
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The Small Drones market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive Porter's five forces analysis highlighting factors affecting the small drones market in these regions.
IMPACT OF COVID-19 ON SMALL DRONES MARKET
The outbreak of the COVID-19 has severely impacted the defense, aerospace, aviation and other related industries. The emergence of COVID-19 virus across the globe which led to lockdown scenarios has led to unprecedented series of border closures across the globe. This disruption in global supply chain is expected to leave an impact on the drone industry through till mid-2021. However, the pandemic has proved that careful coordination is required between all defense and healthcare agencies to ensure effective security measures. Moreover, demand for defense related products such as drones simulators will remain unaffected as the budgets for defense related projects had been allocated prior to the pandemic and the projects are extremely critical to national defense. Moreover, several industries like media and entertainment, oil and gas, real estates and property, agriculture, etc. are one of the essential services which are operating in the pandemic situation as well. Thus the use of drone for enhanced high resolution cameras for inspection and various other utilities are creating further opportunity for the Small Drones market in post-pandemic scenarios.
The report covers key developments in the Small Drones market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Small Drones market are anticipated to lucrative growth opportunities in the future with the rising demand for Small Drones in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Small Drones market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Lockheed Martin Corporation
- Thales Group
- Elbit Systems Ltd.
- Israel Aerospace Industries
- Turkish Aerospace Industries
- SAAB AB
- Micro Drones
- Northrop Grumman Corporation
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.