New York, According to a new market research report published by Global Insight Services “Small Drone Market” is expected to reach US$ XX bn by 2031. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
A small drone is an unmanned aerial vehicle (UAV) that is typically used for personal or commercial purposes. Small drones vary in size, but most are smaller than traditional aircraft. They are typically equipped with cameras and other sensors, and can be controlled remotely or via pre-programmed flight paths.
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Key Trends
Some of the key trends in small drone technology include an increase in the number and types of sensors being used, advances in artificial intelligence and machine learning, and the development of new materials and manufacturing processes.
One of the most significant trends is the increase in the number and types of sensors being used on small drones. This is being driven by the need for more accurate and reliable data, as well as the desire to reduce the cost and size of the sensors. In particular, there has been a lot of interest in using optical and infrared sensors for mapping, surveying and inspection applications.
Another major trend is the advances being made in artificial intelligence and machine learning. This is enabling small drones to become more autonomous and to carry out more complex tasks. For example, there are now drones that can be used for search and rescue missions, as well as for security and surveillance.
Finally, there has been a lot of development work on new materials and manufacturing processes for small drones. This is necessary to meet the challenges of making smaller, more lightweight and more durable drones. In particular, there has been a lot of progress on 3D printing and other additive manufacturing techniques.
Key Drivers
The key drivers of the Small Drone market are the growing demand for commercial drones, the increasing use of drones for personal and recreational purposes, and the advancement of drone technology.
The report cites the growing demand for drones in various industries such as agriculture, construction, and photography as the main drivers of this growth.
The use of drones for personal and recreational purposes is also on the rise, thanks to the increasing availability of affordable and easy-to-use drones. According to a report by the Consumer Electronics Association, the number of consumers who own a drone is expected to grow from 2.5 million in 2016 to 7 million by 2020.
Finally, the advancement of drone technology is also driving the growth of the Small Drone market. Newer drones are equipped with features such as GPS, obstacle avoidance, and 4K video that make them more appealing to consumers and businesses alike.
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Market Segments
By Size
- Nano Drones
- Micro Drones
By Type
- Fixed Wing
- Rotary Wing
Key Players
The Small Drone Market includes players such as 3DR, AeroVironment Inc., Autel Robotics, BAE Systems Plc., DJI Technology, Hubsan, Elbit Systems Ltd., Parrot SA, SkyDio and Teledyne FLIR LLC.
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Reasons to buy Small Drone Market Report:
• Develop comprehensive understanding of market landscape – industry structure, value-chain, key players, trends, drivers, and challenges
• Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
• Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
• Develop business and M&A strategies through understanding of latest trends and emerging players in the market
• Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
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