Small Drones Market by Size: Global Opportunity Analysis and Industry Forecast, 2017-2023 - Product Image

Small Drones Market by Size: Global Opportunity Analysis and Industry Forecast, 2017-2023

  • ID: 4368955
  • Report
  • Region: Global
  • 130 pages
  • Allied Analytics LLP
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FEATURED COMPANIES

  • 3D Robotics Inc.
  • Aerovironment Inc.
  • BAE Systems, Inc.
  • Elbit Systems, Ltd.
  • Parrot SA
  • SAAB AB
  • MORE
The government organizations and private agencies are investing heavily in the manufacturing and development of efficient and advanced small drones for both defense and commercial sectors. Small drones are equipped with advanced capabilities and have an advantage of cost-effectiveness over other drones and unmanned aerial vehicles (UAVs).

The small drones market is segmented on the basis of size, type, application, and region. Based on size, it is bifurcated into mini and micro/nano drones. Based on type, it is classified into fixed wing and rotary wing. Defense and commercial are the applications of small drones analyzed in the report. The small drones market in terms of regions covers North America, Europe, Asia-Pacific, and LAMEA with country-level analysis.

The market is driven by factors such as rise in commercial applications and enhanced operational efficiency provided by these small drones. However, threats including lack of skilled pilots and strict airspace regulations hinder the small drones market growth.

The small drones market comprises vendors, such as 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.

KEY BENEFITS

This study comprises analytical depiction of the global small drones market with current trends and future estimations to depict the imminent investment pockets.
The overall market potential is determined to understand the profitable trends for gaining a stronger coverage in the market.
The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
The current market is quantitatively analyzed from 2017 to 2023 to highlight the financial competency of the market.
Porter’s Five Forces analysis illustrates the potency of the buyers and suppliers.

KEY MARKET SEGMENTS

BY SIZE

Mini Drones
Micro/Nano Drones

BY TYPE

Fixed Wing
Rotary Wing

BY APPLICATION

Defense
Commercial

BY REGION

North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Rest of Europe
Asia-Pacific
China
Japan
India
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
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FEATURED COMPANIES

  • 3D Robotics Inc.
  • Aerovironment Inc.
  • BAE Systems, Inc.
  • Elbit Systems, Ltd.
  • Parrot SA
  • SAAB AB
  • MORE
CHAPTER 1 INTRODUCTION

1.1. REPORT DESCRIPTION
1.2. KEY BENEFITS
1.3. KEY MARKET SEGMENTS
1.4. RESEARCH METHODOLOGY

1.4.1. Primary research
1.4.2. Secondary research
1.4.3. Analyst tools and models

CHAPTER 2 EXECUTIVE SUMMARY

2.1. CXO PERSPECTIVES

CHAPTER 3 MARKET OVERVIEW

3.1. MARKET DEFINITION AND SCOPE
3.2. KEY FINDINGS

3.2.1. Top investment pockets

3.3. PORTERS FIVE FORCES ANALYSIS

3.3.1. Low bargaining power of suppliers
3.3.2. High threat of new entrants
3.3.3. Moderate threat of substitutes
3.3.4. High intensity of rivalry
3.3.5. Moderate bargaining power of buyers

3.4. MARKET DYNAMICS

3.4.1. Drivers

3.4.1.1. Increased operational efficiency with minimal human intervention
3.4.1.2. Growing need for enhanced surveillance

3.4.2. Restraints

3.4.2.1. Strict airspace regulations
3.4.2.2. Lack of skilled pilots

3.4.3. Opportunities

3.4.3.1. Modernization of military and declining defense budgets of advanced economies
3.4.3.2. Improvement in technologies

3.4.4. Top impacting factors

CHAPTER 4 SMALL DRONES MARKET, BY SIZE

4.1. OVERVIEW
4.2. MINI DRONES

4.2.1. Key market trends
4.2.2. Key growth factors and opportunities
4.2.3. Market size and forecast

4.3. MICRO/NANO DRONES

4.3.1. Key market trends
4.3.2. Key growth factors and opportunities
4.3.3. Market size and forecast

CHAPTER 5 SMALL DRONES MARKET, BY TYPE

5.1. OVERVIEW
5.2. FIXED WING

5.2.1. Key market trends
5.2.2. Key growth factors and opportunities
5.2.3. Market size and forecast

5.3. ROTARY WING

5.3.1. Key market trends
5.3.2. Key growth factors and opportunities
5.3.3. Market size and forecast

CHAPTER 6 SMALL DRONES MARKET, BY APPLICATION

6.1. OVERVIEW
6.2. COMMERCIAL

6.2.1. Key market trends
6.2.2. Key growth factors and opportunities
6.2.3. Market size and forecast

6.3. DEFENSE

6.3.1. Key market trends
6.3.2. Key growth factors and opportunities
6.3.3. Market size and forecast

CHAPTER 7 SMALL DRONES MARKET, BY GEOGRAPHY

7.1. OVERVIEW
7.2. NORTH AMERICA

7.2.1. Key market trends
7.2.2. Key growth factors and opportunities
7.2.3. Market size and forecast
7.2.4. U.S.

7.2.4.1. Market size and forecast

7.2.5. Canada

7.2.5.1. Market size and forecast

7.2.6. Mexico

7.2.6.1. Market size and forecast

7.3. EUROPE

7.3.1. Key market trends
7.3.2. Key growth factors and opportunities
7.3.3. Market size and forecast
7.3.4. Germany

7.3.4.1. Market size and forecast

7.3.5. UK

7.3.5.1. Market size and forecast

7.3.6. France

7.3.6.1. Market size and forecast

7.3.7. Rest of Europe

7.3.7.1. Market size and forecast

7.4. ASIA-PACIFIC

7.4.1. Key market trends
7.4.2. Key growth factors and opportunities
7.4.3. Market size and forecast
7.4.4. China

7.4.4.1. Market size and forecast

7.4.5. Japan

7.4.5.1. Market size and forecast

7.4.6. India

7.4.6.1. Market size and forecast

7.4.7. Rest of Asia-Pacific

7.4.7.1. Market size and forecast

7.5. LAMEA

7.5.1. Key market trends
7.5.2. Key growth factors and opportunities
7.5.3. Market size and forecast
7.5.4. Latin America

7.5.4.1. Market size and forecast

7.5.5. Middle East

7.5.5.1. Market size and forecast

7.5.6. Africa

7.5.6.1. Market size and forecast

CHAPTER 8 COMPANY PROFILES

8.1. LOCKHEED MARTIN CORPORATION

8.1.1. Company overview

8.1.1.1. Company snapshot

8.1.2. Business performance
8.1.3. Key strategic moves & developments

8.2. AEROVIRONMENT INC.

8.2.1. Company overview

8.2.1.1. Company snapshot

8.2.2. Business performance
8.2.3. Key strategic moves & developments

8.3. ELBIT SYSTEMS, LTD.

8.3.1. Company overview

8.3.1.1. Company snapshot

8.3.2. Business performance
8.3.3. Key strategic moves & developments

8.4. PARROT SA

8.4.1. Company overview

8.4.1.1. Company snapshot

8.4.2. Business performance
8.4.3. Key strategic moves & developments

8.5. 3D ROBOTICS INC.

8.5.1. Company overview

8.5.1.1. Company snapshot

8.5.2. Business performance
8.5.3. Key strategic moves & developments

8.6. BAE SYSTEMS, INC.

8.6.1. Company overview

8.6.1.1. Company snapshot

8.6.2. Business performance
8.6.3. Key strategic moves & developments

8.7. THE BOEING COMPANY

8.7.1. Company overview

8.7.1.1. Company snapshot

8.7.2. Business performance
8.7.3. Key strategic moves & developments

8.8. SAAB AB

8.8.1. Company overview

8.8.1.1. Company snapshot

8.8.2. Business performance
8.8.3. Key strategic moves & developments

8.9. THALES GROUP

8.9.1. Company overview

8.9.1.1. Company snapshot

8.9.2. Business performance
8.9.3. Key strategic moves & developments

8.10. TEXTRON INC.

8.10.1. Company overview

8.10.1.1. Company snapshot

8.10.2. Business performance
8.10.3. Key strategic moves & developments
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FEATURED COMPANIES

  • 3D Robotics Inc.
  • Aerovironment Inc.
  • BAE Systems, Inc.
  • Elbit Systems, Ltd.
  • Parrot SA
  • SAAB AB
  • MORE
According to a recent report titled, "Small Drones Market by Type and Application: Global Opportunity Analysis and Industry Forecast, 2017-2023," the small drones market was valued at $6.2 billion in 2016, and is projected to reach at $13.4 billion by 2023, growing at a CAGR of 11.8% from 2017 to 2023. In 2016, the mini drones segment accounted for the highest revenue share in the small drones market.

North America is the leading market for small drones presently, followed by Europe. In 2016, the U.S. dominated the market in Asia-Pacific; similarly, the UK led the overall market in the European region.

The key factors that drive the global small drones market are increased operational efficiency and growth in need for enhanced surveillance. However, factors such as strict airspace regulations and lack of skilled pilots hamper the market growth. Moreover, improvement in technology is expected to provide lucrative opportunities for the market growth.

The mini drones segment dominates the global small drones market. Further, micro/nano drones segment is anticipated to witness the highest growth rate during the forecast period. Among the type of small drones, the rotary wing drones witness the highest revenue in the market owing to its ease of operability in smaller areas in comparison to fixed wing drones.

Small drones are widely used in the defense sector and witness the highest revenue in the same. However, with the increase in adoption of small drones in various commercial applications, it is anticipated to depict highest growth rate in the market.

Key Findings of the Small Drones Market:

The micro/nano drone segment is expected to exhibit a significant increase in the small drones market growth during the forecast period.
In 2016, the rotary wing small drone generated the highest revenue among the small drone types.
The defense segment generated the highest revenue in the small drones market.
Asia-Pacific is anticipated to exhibit a substantial growth during the forecast period.
The key players profiled in the report include 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.
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  • Lockheed Martin Corporation
  • Aerovironment Inc.
  • Elbit Systems, Ltd.
  • Parrot SA
  • 3D Robotics Inc.
  • BAE Systems, Inc.
  • The Boeing Company
  • SAAB AB
  • Thales Group
  • Textron Inc.
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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